Severn Bancorp Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net interest income of $5,780,000 compared to $6,825,000 a year ago. Loss before income tax was $5,469,000 compared to income before income tax of $2,188,000 a year ago. Net loss was $5,470,000 compared to net income of $1,274,000 a year ago. Basic and diluted loss per share was $0.58 compared to basic and diluted earnings per share of $0.09 a year ago. Negative return on average assets was 0.66% compared to return on average assets of 0.14% a year ago. Negative return on average equity was 6.31% compared to return on average equity of 1.19% a year ago.

For the full year, the company reported net loss of $25,165,000, or $2.64 per share for the year ended December 31, 2013, compared to net income of $3,728,000, or $0.22 per share for the year ended December 31, 2012.