Q2 numbers at Severn Bancorp, Inc. showed a net loss of $6.9 million or 73 cents a share, compared to net income of $1.6 million or 16 cents a share in the same period a year ago.  Management attributed the loss to the increase in its loan-loss reserve by approximately $12.5 million, a non-cash charge against earnings.  The parent company of Severn Savings Bank, FSB  said its regulatory capital ratios continue to exceed levels required to be considered “well capitalized” under applicable federal banking regulations.  Separately, the company announced the appointment of Philip Jones as EVP and COO; he had been with Sovereign Bank.

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