Severn Bancorp Inc


Where a bank’s management lives might not be an indispensable job requirement at most banks, but it is at Severn Bank. We’ve literally made it our mission to enhance this community. We accomplish that by investing in the climate, culture, commerce and people of the Chesapeake region. We want our management to have their hearts and their homes in the right place.In 1980 Severn relocated its headquarters to Annapolis, MD and began a fulltime operation, though total assets under management were still less than half-a-million dollars. Starting in 1984 changes in legal designations began. Severn evolved from a building and loan to a chartered stock savings and loan, with deposits insured by the Maryland Savings Share Insurance Corporation. Eventually Severn would make the move from a Federal Home Loan Bank to a Federal Stock Savings Bank.In 1990, Severn’s board and stockholders approved a reorganization into a holding company with ownership of Severn Bancorp, Inc. Today’s Severn Bank is a retail institution with products and services created and marketed specifically for the people of the Chesapeake Bay region.
Bank NameSevern Bancorp Inc
Stock ExchangeLSE
SymbolSVBI
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
ChairmanMr. Alan J. Hyatt
CEOMr. Alan J. Hyatt
Employees
Websitesevernbank.com
Registered Year1946

  2017 2016 2015
  € m € m € m
Revenue
Total interest income 32 31 31
Total Interest Expenses 8 9 9
Net Interest income 25 22 22
Total Net Revenue 30 29 28
       
Earnings per share
Basic 0.21 1.2 0.21
Diluted 0.21 1.19 0.21
       
Assets
Total current assets
Other assets 8,034 3,228
Total assets 8,04,787 7,87,485 7,62,079
Total current liabilities
Total liabilities 7,13,687 6,99,555 6,75,623
Total Equity 91,100 87,930 86,456
       
Net income
Net cash provided by operating activities 11 8 1
Net cash used for investment activities 71 3 29
Net cash provided by financing activities 15 13 20
       
       
Source:http://www.severnbank.com      
Currency in EUR, All numbers in million.      

United States
Annapolis
Severna Park
Glen Burnie