lh13g06
UNITED
STATES
SECURITES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
13G
Under
the Securities Exchange Act of 1934
(Amendment
No. 3 )
SEVERN
BANCORP, INC.
(Name
of
Issuer)
Common
Stock
(Title
of
Class of Securities)
81811M100
(CUSIP
Number)
December
31, 2006
(Date
of
Event Which Requires Filing of this Statement)
Check
the
appropriate box to designate the rule pursuant to which this Schedule is
filed:
[
] Rule
13d-1(b)
[
] Rule
13d-1(c)
[X
] Rule
13d-1(d)
1. Name
of
Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
Louis
Hyatt
2. Check
the
Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
X*
*
This
Reporting Person is part of a “Central Group” as determined by the
Office
of Thrift Supervision but does not affirm the existence of such a group.
3. SEC
Use
Only
4. Citizenship
or Place of Organization
United
States of America
5. Sole
Voting Power: 903,3331
Number
of
Shares
6. Shared
Voting Power: 47,7182
Beneficially
Owned
by 7. Sole
Dispositive Power: 901,362
Each
Reporting
8. Shared
Dispositive Power: 47,7182
Person
With
9. Aggregate
Amount Beneficially Owned by Each Reporting Person
951,051
10. Check
if
the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
NONE
11. Percent
of Class Represented by Amount in Row (9)
10.4%3
12. Type
of
Reporting Person (See Instructions)
IN
1
Includes
1,971 shares allocated to Mr. Hyatt as a participant in the Company’s ESOP, with
respect to which Mr. Hyatt can direct the voting of such shares.
2
These
shares are jointly owned by Mr. Louis Hyatt and his wife.
3
Based on
9,150,850 shares outstanding as of December 31, 2006.
NOTE:
All
amounts reflect a 10% stock dividend declared February 21, 2006 to shareholders
of record as of March 28, 2006.
Item
1. (a) Severn
Bancorp, Inc.
(b) 200
Westgate Circle, Suite 200, Annapolis, Maryland 21401
Item
2. (a) Louis
Hyatt
(b) 200
Westgate Circle, Suite 200, Annapolis, Maryland 21401
(c) Maryland
(d) Common
(e) 81811M100
Item
3. If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check
whether the person filing is a: Not
Applicable
Item
4. Ownership
(a) 951,051
(b) 10.4%
(c) (i) 903,333
(ii)
47,718
(iii) 901,362
(iv)
47,718
For
more
information, see the responses to 5, 6, 7, 8, 9, and 11 on page 2.
Item
5. Ownership
of Five Percent or Less of a Class
Not
Applicable
Item
6. Ownership
of More than Five Percent on Behalf of Another Person.
Not
Applicable
Item
7. Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding company or Control Person.
Not
Applicable
Item
8. Identification
and Classification of Members of the Group
Not
Applicable
Item
9. Notice
of Dissolution of Group
Not
Applicable
Item
10. Certification
Not
Applicable
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
January
31, 2007
Date
Louis
Hyatt