Call reports 2021
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK — 2021
What SEVERN SAVINGS BANK, FSB DBA SEVERN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Total assets | 1,110,237,000 | 1,140,988,000 | 1,113,906,000 |
| Total loans | 670,498,000 | 645,065,000 | 600,201,000 |
| Allowance for loan losses | 8,098,000 | 7,840,000 | 7,846,000 |
| Securities available for sale | 132,698,000 | 21,278,000 | 21,514,000 |
| Securities held to maturity | 14,515,000 | 133,657,000 | 128,084,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 969,639,000 | 1,000,631,000 | 971,589,000 |
| Interest-bearing deposits | 632,499,000 | 642,566,000 | 569,111,000 |
| Noninterest-bearing deposits | 337,141,000 | 358,066,000 | 402,477,000 |
| Equity capital | 123,868,000 | 125,212,000 | 126,907,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Interest income | 8,596,000 | 16,463,000 | 24,604,000 |
| Interest expense | 839,000 | 1,601,000 | 2,301,000 |
| Net interest income | 7,757,000 | 14,862,000 | 22,303,000 |
| Noninterest income | 5,407,000 | 8,655,000 | 12,462,000 |
| Noninterest expense | 8,285,000 | 16,511,000 | 24,306,000 |
| Provision for loan losses | -750,000 | -1,075,000 | -1,075,000 |
| Pretax income | 5,624,000 | 8,076,000 | 11,529,000 |
| Income tax | 1,486,000 | 2,146,000 | 3,042,000 |
| Net income | 4,138,000 | 5,930,000 | 8,487,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 |
|---|---|---|---|
| Tier 1 capital | 125,768,000 | 125,131,000 | 128,316,000 |