svbi0113068k

0000868271-06-000003.txt : 20060113 0000868271-06-000003.hdr.sgml : 20060113 20060113122640 ACCESSION NUMBER: 0000868271-06-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060113 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060113 DATE AS OF CHANGE: 20060113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEVERN BANCORP INC CENTRAL INDEX KEY: 0000868271 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521726127 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49731 FILM NUMBER: 06529029 BUSINESS ADDRESS: STREET 1: 1919A WEST ST CITY: ANNAPOLIS STATE: MD ZIP: 21404 BUSINESS PHONE: 3012684554 MAIL ADDRESS: STREET 1: 1919A WEST STREET CITY: ANNAPOLIS STATE: MD ZIP: 21401 8-K 1 svbi0113068k.htm SVBI0113068K svbi0113068k

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event report) January 13, 2006

Severn Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Maryland 0-49731 52-1726127

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification Number)

1919A West Street, Annapolis, Maryland 21401

(Address of principal executive offices) (Zip Code)

410-268-4554

(Registrant’s telephone number, including area code)

(Former name or former address, if change since last report)

Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On January 12, 2006, Severn Bancorp, Inc. issued a press release announcing financial results for the fourth quarter ending December 31, 2005. A copy of this press release is being furnished as Exhibit 99.1 to this report.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

99.1 Press release dated January 12, 2006

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Severn Bancorp, Inc.

Dated: January 13, 2006 By: /Alan J. Hyatt/

Alan J. Hyatt, President

EX-99.1 2 exhibit991.htm EXHIBIT991 exhibit991

EXHIBIT 99.1

January 12, 2006

IMMEDIATE RELEASE: UPDATED

Contact: Melvin E. Meekins, Jr.

(410) 268-4554

Severn Bancorp, Inc. Announces Record Fourth Quarter Earnings

Severn Bancorp, Inc. (Nasdaq - SVBI) the parent company of Severn Savings Bank, FSB, and Hyatt Commercial, announced record earnings for the fourth quarter and the year ended December 31, 2005. Net income for the fourth quarter (unaudited) was $4.0 million or $.48 per share, compared to $3.4 million or $.41 per share for the fourth quarter of 2004. Net income increased approximately 13% to $14.6 million or $1.75 per share for the year ended December 31, 2005, compared to $12.9 million or $1.56 per share for the year ended December 31, 2004.

A dividend of $.06 cents per share is payable on January 17, 2006 to shareholders of record as of December 30, 2005. Severn Bancorp, Inc., with over $845 million in assets, trades under the symbol SVBI. The Bank has three branch locations, at 1917 West Street in Annapolis, 413 Crain Highway in Glen Burnie, and 3083 Solomon’s Island Road in Edgewater. Severn’s website is www.severnbank.com.

For additional information or questions, please contact Melvin E. Meekins, Jr., Executive Vice President or S. Scott Kirkley, Senior Vice President, Severn Bancorp, Inc. 1919A West Street, Annapolis, Maryland 21401, (410) 268-4554, e-mail: mmeekins@severn.hpwsb.com or skirkley@severn.hpwsb.com.

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