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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · Virginia, the state note

HSBC Bank USA National Association

Tysons, Virginia · $173.10B in assets · beside the 5 other Virginia banks over $10B

The filing

39.2%
Loans / deposits
1st of 6
9.6%
Equity / assets
6th of 6
2.6%
CRE / loans
1st of 6

HSBC Bank USA National Association is the second largest of the 6 Virginia banks over $10B, with $173.10B in assets at 30 June 2026. Loans are 39.2% of deposits, the lowest in the cohort against a median of 89.1%, and equity is 9.6% of assets, the lowest in the cohort. Loans grew -4.5% in the year, the slowest in the cohort, and deposits grew 0.3%; the cohort's median loan growth is +4.4%.

Noncurrent loans are 1.45% of the book, 5th of 6 against a median of 0.85%; 0.59% is 30 to 89 days past due, and the allowance covers them 0.4 times. Net charge-offs are 0.16% of loans, 5th of 6. Commercial real estate is 2.6% of loans, the lowest in the cohort against a median of 41.1%, and 7% of capital, below the 300% screen, with construction at 0% against the 100% screen.

Return on assets is 0.96%, 5th of 6 against a median of 1.58%, on an efficiency ratio of 55.4%, 4th of 6. Five years ago it was 0.60%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Commercial real estate, share of loansVA banks over $10B · 30 June 2026 · lower is stronger, listed first
median 41.1% HB HSBC Bank USA National Association 2.6% CO Capital One National Association 5.0% AU Atlantic Union Bank 40.4% T Townebank 41.8% UB United Bank 48.1% BH Burke & Herbert Bank & Trust Co. 54.4%
Loans, year over yearVA banks over $10B · 30 June 2026 · no better direction, largest first
median +4.4% BH Burke & Herbert Bank & Trust Co. +43.1% T Townebank +22.9% AU Atlantic Union Bank +4.9% UB United Bank +3.9% CO Capital One National Association +2.2% HB HSBC Bank USA National Association -4.5%

SBA 7(a), FY2008 to FY2026

HSBC Bank USA National Association is the 58th largest 7(a) lender into New Jersey of 308, with $52M across 56 loans, 0.4% of everything approved in the state (TD Bank, National Association leads with $1.08B). 74 of its 74 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in New Jersey, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Miami-Dade, FL$40M29th of 2151.0%quiet FY2020
Morris, NJ$26M7th of 1263.0%quiet FY2021
New York, NY$13M39th of 2080.5%quiet FY2020
Somerset, NJ$11M15th of 1171.9%quiet FY2021
Essex, NJ$9M31st of 1381.0%quiet FY2020
Kings, NY$6M62nd of 1690.2%quiet FY2018
Queens, NY$5M61st of 1550.3%quiet FY2019
King, WA$5M83rd of 1930.1%quiet FY2017
Nassau, NY$4M75th of 1710.2%quiet FY2019
Monroe, NY$3M31st of 890.4%quiet FY2012
Bergen, NJ$3M80th of 1610.2%quiet FY2016
Westchester, NY$3M60th of 1520.3%quiet FY2016
Los Angeles, CA$3M190th of 3080.0%quiet FY2016
61 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Wholesale trade111$80M51.6%0.31%62nd of 1,651
Manufacturing60$24M15.7%0.06%261st of 2,246
Professional & technical services93$11M7.0%0.03%275th of 1,955
Health care & social assistance88$9M5.5%0.02%414th of 2,172
Retail trade78$8M5.4%0.01%535th of 2,589
7(a) lenders into New Jersey, share of approvals since FY2008308 lenders on record; the ten largest and HSBC Bank
TB TD Bank, National Association 8.2% $1.08B · 7,092 loans FB Fulton Bank, National Association 6.7% $893M · 1,041 loans LO Live Oak Banking Company 4.3% $576M · 466 loans PB Provident Bank 4.3% $570M · 827 loans WF Wells Fargo Bank National Associa… 2.8% $364M · 1,445 loans UB Unity Bank 2.4% $322M · 413 loans N Newbank 2.2% $297M · 490 loans WS Wilmington Savings Fund Society F… 2.2% $296M · 379 loans TB The Bank of Princeton 2.2% $296M · 411 loans JC JPMorgan Chase Bank, National Ass… 2.2% $288M · 1,832 loans HB HSBC Bank USA National Association 0.4% $52M · 56 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
HSBC BankRankCohort median
Total CRE against capital, the 300% screen7%1st of 6257%
Construction against capital, the 100% screen0%1st of 639%
Construction and land development, share of loans0.1%1st of 66.1%
Non-owner-occupied nonfarm nonresidential, share of loans2.2%1st of 625.2%
Total CRE, the guidance definition, share of loans2.6%1st of 641.1%
CRE growth over 36 months, the third prong-76.2%1st of 6+30.7%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Capital One National Association$662.16B1.6%53.7%1.49%3.27%5.0%89.2%14.9%
HSBC Bank USA National Association$173.10B1.0%55.4%1.45%0.16%0.6%39.2%9.6%
Atlantic Union Bank$38.02B1.6%50.4%0.50%0.02%1.0%93.8%15.2%
United Bank$33.64B1.5%46.3%0.44%0.09%1.2%91.6%16.7%
Townebank$22.62B2.1%57.8%0.22%0.10%1.3%82.2%13.2%
Burke & Herbert Bank & Trust Co.$10.98B0.9%69.0%1.19%0.03%1.2%88.9%12.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
HSBC BankCohort median
20212026Change20212026Change
Loans$58.60B$55.34B-6%$15.60B$26.86B+72%
Deposits$162.11B$141.19B-13%$19.25B$28.96B+50%
NPA / loans2.78%1.45%-1.33 pts0.62%0.85%+0.23 pts
Efficiency83.3%55.4%-27.9 pts64.8%54.5%-10.3 pts
ROA0.60%0.96%+0.36 pts1.49%1.58%+0.09 pts

This read was prepared for HSBC Bank USA National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on HSBC Bank USA National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort VA banks over $10B
Institution www.about.us.hsbc.com/hsbc-in-the-usa

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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