Severn Savings Bank, FSB in Annapolis, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Severn Savings Bank, FSB in Annapolis, Maryland (MD)
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Severn Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 32367
    Status: Active
    Federal Reserve ID: 411473
    Date Established: April 04, 1949
    WWW: http://www.severnbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 8190
    FDIC's unique #: 45201
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 31, 1985
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Westgate Circle, Suite 200, Annapolis, MD 21401
    County: Anne Arundel
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Baltimore, MD (#720)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $896.6 mil
    Equity capital: $122.1 mil
    Deposits held in domestic offices: $657.9 mil
    Return on assets (ROA): 0.20% ($1.8 mil)
    Quarterly return on assets: 0.49% ($4.4 mil)
    Return on Equity (ROE): 1.56% ($1.9 mil)
    Quarterly return on equity: 3.65% ($4.5 mil)
    Net income: $1.9 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.30% ($2,689.7 mil)
    Quarterly Pretax return on assets: 0.85% ($7,620.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 127Total employees (full-time equivalent)
  • $896,561Total assets
  • $76,809Cash and due from depository institutions
  • $43,969Interest-bearing balances
  • $40,356Securities
  • $11,204Federal funds sold & reverse repurchase agreements
  • $695,130Net loans & leases
  • $12,921Loan loss allowance
  • $0Trading account assets
  • $27,219Bank premises and fixed assets
  • $19,932Other real estate owned
  • $334Goodwill and other intangibles
  • $896,561Life insurance assets
  • $25,577All other assets
  • $774,420Total liabilities and capital
  • $657,881Total liabilities
  • $627,153Total deposits
  • $657,881Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $115,000Trading liabilities
  • $0Other borrowed funds
  • $1,539Subordinated debt
  • $122,141All other liabilities
  • $122,141Total equity capital
  • $122,141Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $49,790Surplus
  • $72,350Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,346Income earned, not collected on loans
  • $0Earning assets
  • $3,420Long-term assets (5+ years)
  • $790,659Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $934,651Volatile liabilities
  • $909,296Insider loans
  • $671,537FHLB advances
  • $889,644Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $115,176Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $55,558Restructured Loans and leases
  • $3,524Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $44,292Total interest income
  • $14,815Total interest expense
  • $29,477Net interest income
  • $4,612Provision for loan and lease losses
  • $2,768Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,672Additional noninterest income
  • $25,003Total noninterest expense
  • $9,736Salaries and employee benefits
  • $4,618Premises and equipment expense
  • $10,649Additional noninterest expense
  • $2,630Pre-tax net operating income
  • $145Securities gains (losses)
  • $892Applicable income taxes
  • $1,883Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,883Net income attributable to bank
  • $0Net charge-offs
  • $1,883Cash dividends
  • $4,550Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 1.56%Return on equity (ROE)
  • 1.56%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 101.36%Credit loss provision to net charge-offs
  • 1.59%Efficiency ratio
  • 77,541Assets per employee
  • 7.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 50.98%Noncurrent assets plus other real estate owned to assets
  • 5.05%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 105.66%Net loans and leases to core deposits
  • 111.63%Equity capital to assets
  • 13.62%Core capital (leverage) ratio
  • 12.95%Tier 1 risk-based capital ratio
  • 17.15%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $934,651Average earning assets
  • $120,856Average equity
  • $826,991Average loans

List of branches

  • 4 Maryland Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    045201Severn Savings Bank, Fsb200 Westgate Circle, Suite 200, Annapolis, MD 21401April 04, 1949Full Service Brick and Mortar
    102287866Glen Burnie Branch413 Crain Highway S.E., Glen Burnie, MD 21061June 30, 1987Full Service Brick and Mortar
    103461685Edgewater Branch3083 Solomons Island Rd, Edgewater, MD 21037June 30, 2006Full Service Brick and Mortar
    104497270Annapolis - West Street Branch1917 West Street, Annapolis, MD 21401Febuary 26, 2007Full Service Brick and Mortar

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