Severn Bancorp Inc (SVBI) financial statements (2021 and earlier)

Company profile

Business Address 200 WESTGATE CIRCLE
ANNAPOLIS, MD 21404
State of Incorp. MD
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53322674433
Cash and cash equivalents53322674433
Disposal group, including discontinued operation      7
Total current assets:53322674441
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment21222323242425
Intangible assets, net (including goodwill)1111   
Goodwill1111   
Deferred income tax assets12
Deferred tax assets, net 510  
Total noncurrent assets:26282430342425
Other undisclosed assets922796948753686694711
TOTAL ASSETS:953827974805787762776
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities843721876714700676693
Total liabilities:843721876714700676693
Stockholders' equity
Stockholders' equity attributable to parent, including:1101059891888684
Common stock0000000
Additional paid in capital66666665647676
Accumulated other comprehensive income (loss)0(0)(0)(0)   
Retained earnings4339332624108
Other undisclosed stockholders' equity attributable to parent   0000
Total stockholders' equity:1101059891888684
TOTAL LIABILITIES AND EQUITY:953827974805787762776

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues43444034343434
Gain on disposition of assets for financial service operations943
Net investment income34403832313132
Cost of revenue(1)     (1)
Provision for loan, lease, and other losses(1)  
Financial services costs   (1)
Gross profit:42444034343434
Operating expenses(6)(6)(4)(18)(20)(19)(18)
Other operating income, net
(Noninterest Income, Other Operating Income)
0001111
Operating income:37383617161616
Nonoperating income00    0
Gains on sales of other real estate      0
Bank owned life insurance income00     
Interest and debt expense(6)(9)(9)(8)(9)(9)(9)
Other undisclosed loss from continuing operations before equity method investments, income taxes(21)(17)(16)(1)(2)(2)(5)
Income from continuing operations before income taxes:912128653
Income tax expense (benefit)(3)(3)(3)(5)10(0)(0)
Net income attributable to parent:78931653
Other undisclosed net loss available to common stockholders, basic  (0)(0)(2)(2)(2)
Net income available to common stockholders, diluted:78831421

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:78931653
Other comprehensive income (loss)00(0)(0)   
Comprehensive income, net of tax, attributable to parent:78931653

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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