In its Second Quarter 2020 report to shareholders, Hyperion Bank noted “a very unusual and successful quarter” for the 14-year-old community bank.

“We were pleased to be able to share that Q2 was the most profitable quarter in

Hyperion’s history, and a significant improvement in our six-month results compared to the same period last year,” says veteran community banker Charles B. (Charlie) Crawford, Jr., Hyperion’s Chairman and CEO. “Our balance sheet continues to rapidly expand with 49% loan growth over the last year, while our deposits have increased by 24% over the same period.”

He notes that, as an essential business, Hyperion Bank has remained open throughout the COVID-19 pandemic, though with modifications including limited lobby traffic, most staff working remotely and many banking transactions being done at customers’ convenience by appointment. An “unusual but productive time,” he says.

“Also during this period, Hyperion was an active participant in the SBA Paycheck Protection Program, helping more than 300 businesses access funds to help them navigate the healthcare and economic crises,” Crawford says. “This program generated in excess of $20 million dollars in loans and deposits for the Bank, along with processing fees, generating much-appreciated long-term banking relationships.”

Crawford says he’s especially proud of “our relatively small and agile team” for tackling as much or more of the SBA PPP market than many larger financial institutions.

“During the quarter, we also made a significant upgrade to our customer-facing technology to enhance our digital platform offerings, including the launch of our new website,” he says. “We also launched Hyperion Mortgage, a new joint venture based in Atlanta, that is off to a fast start thanks to mortgage veteran Carol Lynn Upshaw, who is originating residential mortgage loans in Georgia and Alabama.”

Crawford closes by noting the welcoming of a key hire, Joel Higdon – who has worked with Crawford and other Hyperion bankers at other banks – as branch manager in Atlanta, and by asking shareholders to continue to connect the bank with key strategic partners.

Hyperion Bank, founded in 2006, is a full-service community bank, which connects with customers via technology and highly accessible, experienced, enthusiastic bankers who have local decision-making authority. In 2018 Hyperion undertook a significant recapitalization and in 2019 expanded, opening a second location, in Atlanta, Georgia. Member FDIC. Equal Housing Lender. Offer of credit is subject to approval.