Severn Bancorp, Inc. (Bancorp) is a savings and loan holding company. The Company conducts business primarily through two subsidiaries, Severn Savings Bank, FSB (Bank) and SBI Mortgage Company (SBI). The Bank�s principal subsidiary Louis Hyatt, Inc. (Hyatt Commercial), conducts business as Hyatt Commercial, a commercial real estate brokerage and property management company. The Bank operates as a federally chartered savings bank whose principal 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, (FHLB-Atlanta) to fund its mortgage activities. The Bank provides a range of retail and mortgage banking services. 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.