Severn Bancorp Inc (SVBI) insider have most recently took part in a trading activity. On Nov 29, 2017 Wayson Konrad, Director bought 2,000 shares having total worth of $14,320 at the price of $7.16 per share, following the transaction a total of 53,025 shares owned by Wayson Konrad.
Severn Bancorp Inc (SVBI) last announced its earnings results on Oct 26, 2017. The company reported 0.00 earnings per share (EPS) for the quarter. During the same quarter in the previous year, the company posted 0.04 earnings per share. The company’s revenue for the quarter was down 100% on a year-over-year basis.
|earnings per share||0.00||0.06||0.08||0.04||0.03||0.05||0.06||0.08||0.03||0.09|
Severn Bancorp Inc was incorporated under the laws of the State of Maryland in 1990. It is a savings and loan holding company, which conducts its business through two subsidiaries Severn Savings Bank, FSB and SBI Mortgage Company. Its subsidiary Louis Hyatt, Inc., operates as commercial and real estate brokerage and property management company and SBI Mortgage Company, which holds mortgages that do not meet the underwriting criteria of the bank, and is the parent company of Crownsville Development Corporation, which acquires real estate for syndication and investment purposes. The bank operates four full-service branch offices and one administrative office. It operates as a federally chartered savings bank whose main business is attracting deposits from the general public and investing those funds in mortgage and commercial loans. The bank also uses advances or loans, from the Federal Home Loan Bank of Atlanta, to fund its mortgage activities. The bank provides retail and mortgage banking services. The bank’s primary sources of funds are deposits, advances from the FHLB-Atlanta, principal amortization and prepayment of its loans. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, and commercial lending. The bank also provides safe deposit boxes, ATMs, debit cards, and internet and telephone banking. The bank’s revenues are derived from interest earned on mortgage, commercial and other loans and fees charged in connection with the loans and banking services. It operates in Anne Arundel County, Maryland and, to a lesser extent, other parts of Maryland, Delaware and Virginia. The Company competes with a number of local, regional and national financial institutions for customers. The relationship between the bank and depositors and borrowers is also regulated by federal and state laws, in the matters of savings accounts and the form and content of mortgage documents utilized by the bank.
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