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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · California, the state note

Poppy Bank

Santa Rosa, California · $8.32B in assets · beside the 11 other California banks between $3B and $10B

The filing

1.89%
NPA / loans
11th of 11
+10.8%
Loans, year over year
2nd of 11, largest first
359.6%
CRE / capital
10th of 11

Poppy Bank is the third largest of the 12 California banks nearest its size between $3B and $10B, with $8.32B in assets at 30 June 2026. Loans are 92.8% of deposits, 10th of 12 against a median of 86.5%, and equity is 8.9% of assets, 9th of 11. Loans grew +10.8% in the year, 2nd of 11, and deposits grew 16.3%; the cohort's median loan growth is +3.1%.

Noncurrent loans are 1.89% of the book, the highest in the cohort against a median of 0.30%; 0.40% is 30 to 89 days past due, and the allowance covers them 0.7 times. Net charge-offs are 0.38% of loans, 9th of 10. Commercial real estate is 50.5% of loans, 7th of 11 against a median of 47.4%, and 360% of capital, above the 300% screen, with construction at 61% against the 100% screen. CRE has grown +73.1% over 36 months, past the guidance's 50% prong.

Return on assets is 1.32%, 6th of 11 against a median of 1.32%, on an efficiency ratio of 43.2%, 6th of 11. Five years ago it was 1.67%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 27.7% of loans).

Nonperforming loans, share of loansCA banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 0.30% RC River City Bank 0.00% MT Mizrahi Tefahot Bank LTD 0.12% WB Westamerica Bank 0.12% FM Farmers & Merchants Bank Central California 0.13% HB Hanmi Bank 0.15% SM SMBC Manubank 0.30% FB Fremont Bank 0.39% TC Tri Counties Bank 0.94% CB CTBC Bank Corp. USA 1.55% PB Preferred Bank 1.57% PB Poppy Bank 1.89%
Loans, year over yearCA banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +3.1% MT Mizrahi Tefahot Bank LTD +56.9% PB Poppy Bank +10.8% PB Preferred Bank +9.3% RC River City Bank +7.3% TC Tri Counties Bank +5.1% FB Fremont Bank +3.1% HB Hanmi Bank +3.1% CB CTBC Bank Corp. USA +2.2% FM Farmers & Merchants Bank Central California +2.2% WB Westamerica Bank -10.6% SM SMBC Manubank -40.2%

SBA 7(a), FY2008 to FY2026

Poppy Bank is the 37th largest 7(a) lender into California of 512, with $431M across 309 loans, 0.7% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 125 of its 126 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, 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
Maricopa, AZ$64M31st of 3030.8%quiet FY2020
Sonoma, CA$63M5th of 1127.0%-0.4 pts
Napa, CA$36M2nd of 7711.8%quiet FY2020
Los Angeles, CA$29M82nd of 3080.1%quiet FY2022
Orange, CA$24M57th of 2560.3%quiet FY2021
San Diego, CA$24M44th of 2380.4%quiet FY2022
Santa Clara, CA$22M31st of 1870.8%quiet FY2017
Sacramento, CA$19M28th of 1700.8%quiet FY2017
Yolo, CA$18M3rd of 915.5%quiet FY2017
Mendocino, CA$17M1st of 4612.5%quiet FY2018
Riverside, CA$16M50th of 2190.5%quiet FY2020
San Francisco, CA$16M19th of 1401.1%quiet FY2020
San Bernardino, CA$16M49th of 2130.4%quiet FY2019
113 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
Accommodation & food services173$349M51.4%0.45%51st of 2,596
Retail trade72$89M13.1%0.15%121st of 2,589
Manufacturing53$78M11.5%0.20%88th of 2,246
Other services25$37M5.5%0.11%154th of 2,248
Health care & social assistance28$35M5.2%0.07%174th of 2,172
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Poppy Bank
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans PB Poppy Bank 0.7% $431M · 309 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 1 CBLR filer; owner-occupied excluded; bold marks a screen met
Poppy BankRankCohort median
Total CRE against capital, the 300% screen360%10th of 11217%
Construction against capital, the 100% screen61%10th of 1116%
Construction and land development, share of loans8.5%9th of 112.2%
Non-owner-occupied nonfarm nonresidential, share of loans26.2%4th of 1032.2%
Total CRE, the guidance definition, share of loans50.5%7th of 1147.4%
CRE growth over 36 months, the third prong+73.1%11th of 11+5.3%

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
Tri Counties Bank$9.93B1.4%54.8%0.94%0.03%1.8%87.3%13.9%
First American Trust FSB$9.23B1.4%32.8%no recordno recordno record0.0%5.6%
Poppy Bank$8.32B1.3%43.2%1.89%0.38%1.4%92.8%8.9%
Hanmi Bank$7.95B1.3%51.1%0.15%0.12%1.1%94.1%11.2%
Preferred Bank$7.73B1.7%33.0%1.57%0.17%1.2%97.0%10.3%
Mizrahi Tefahot Bank LTD$7.39Bno recordno record0.12%no recordno record79.0%no record
SMBC Manubank$6.60B-3.4%16.5%0.30%4.97%0.0%48.2%11.5%
River City Bank$6.04B1.2%30.6%0.00%0.00%2.3%85.7%9.4%
Fremont Bank$5.97B1.2%73.4%0.39%0.01%1.6%90.6%7.8%
CTBC Bank Corp. USA$5.87B0.9%59.2%1.55%0.06%1.1%88.0%13.4%
Farmers & Merchants Bank Central California$5.83B1.7%44.3%0.13%0.01%2.1%72.7%11.8%
Westamerica Bank$5.77B1.8%42.5%0.12%0.14%1.6%14.0%10.5%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Poppy BankCohort median
20212026Change20212026Change
Loans$2.74B$5.84B+113%$2.89B$4.51B+56%
Deposits$3.33B$6.29B+89%$4.61B$5.47B+19%
NPA / loans1.57%1.89%+0.32 pts0.37%0.30%-0.07 pts
Efficiency36.9%43.2%+6.3 pts49.6%43.2%-6.4 pts
ROA1.67%1.32%-0.35 pts1.38%1.32%-0.06 pts

This read was prepared for Poppy Bank'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 Poppy Bank 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 CA banks $3B to $10B
Institution www.poppy.bank

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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