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Severn Savings Bank, FSB

Annapolis, MD · Cert 32367

FDIC · 7 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Severn Savings Bank, FSB

Annapolis, MD · Cert 32367

FDIC · 7 branches

Q3 2021

$1.1BAssets
$600.2MLoans
$971.6MDeposits
$126.9MEquity
Loan mix
88%RE $409.6M12%C&I $56.4M0%Consumer $1.0MQ3 2020Q3 2021
Deposit mix
59%Interest-bearing $569.1M41%Noninterest $402.5MQ3 2020Q3 2021

NIM

4.57%Q3 ’193.80%Q3 ’203.07%Q3 ’21-16%-10%

Non-interest income vs. expense

3.05%Q3 ’193.42%Q3 ’203.03%Q3 ’21-8%-25%

Market Position · Baltimore-Columbia-Towson, MD · 2021 SOD (annual) · 1.0% share · #12 of 44 inst. · $1.0B of $104.1B

Executive Summary

  • Earnings: ROA of 1.05%, up 33 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.27% of loans (-60 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 12.00%, down 159 bps from a year ago.
  • Funding: loans stand at 61.78% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

1.05%+33 bps YoY

Net Interest Margin (YTD, annualized)

2.78%-29 bps YoY

Efficiency Ratio (YTD, annualized)

69.92%-575 bps YoY

Tier 1 Leverage Ratio

12.00%-159 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.72%0.80%1.61%1.11%1.05%+33 bps
Return on Equity5.33%5.96%13.43%9.57%9.08%+375 bps
Net Interest Margin3.07%3.14%2.98%2.78%2.78%-29 bps
Efficiency Ratio75.67%74.46%62.94%70.21%69.92%-575 bps
Non-Interest Burden1.97%1.94%1.11%1.47%1.48%-50 bps
Growth
Asset Growth (YoY)13.88%15.34%30.05%24.86%18.95%+507 bps
Loan Growth (YoY)0.53%3.45%2.08%-3.97%-11.86%-1,239 bps
Deposit Growth (YoY)19.23%22.07%39.61%32.84%23.29%+407 bps
Asset Quality
Nonperforming Loans / Loans0.87%0.65%0.19%0.19%0.27%-60 bps
Net Charge-Offs / Loans-0.13%-0.09%-0.13%-0.09%-0.06%+7 bps
Allowance / Loans1.27%1.27%1.21%1.22%1.31%+4 bps
Allowance Coverage of NPLs1.5x2.0x6.3x6.4x4.9x+3.4x
Capital
Tier 1 Leverage Ratio13.59%13.67%12.09%11.72%12.00%-159 bps
Total Risk-Based Capital13.59%13.67%12.09%11.72%12.00%-159 bps
Equity / Assets12.92%12.90%11.16%10.97%11.39%-153 bps
Liquidity & Funding
Loans / Deposits86.41%83.52%69.15%64.47%61.78%-2,464 bps
Liquid Assets / Assets17.52%18.03%24.20%38.59%40.83%+2,331 bps
CRE / Total Capitaln/an/an/an/an/an/an/a