Severn Bancorp Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, interest income was $8.086 million against $7.983 million a year ago. Net interest income was $5.850 million against $5.779 million a year ago. Income before income tax provision was $1.551 million against loss before income tax provision of $5.472 million a year ago. Net income was $1.550 million or $0.09 per diluted share compared to net loss of $5.472 million or $0.58 per basic and diluted share a year ago. Return on average assets was 0.20% against negative return on average assets of 0.66% a year ago. Return on average equity was 1.88% against negative return on average equity of 6.31% a year ago.

For the year ended December 31, 2014, the company reported net income of $2,909,000 or $0.06 per share versus a loss of $25,165,000 or $2.64 per share for the year ended December 31, 2013.