It reported a 20.9 per cent increase in net profit after tax to $36.3 million.

Customer deposits increased by 13.2 per cent to $4.5 billion, while home leading increased by 6.8 per cent to $5.5 billion.

MyState said the home lending growth was equivalent to 1.3 times system growth, in a sign of increased market share.

"These results, together with our recent capital raising, enable us to accelerate our current momentum and put MyState in a fantastic position to execute our 2025 growth strategy," outgoing managing director and chief executive Melos Sulicich said.

"The acceleration of our growth strategies across both banking and wealth management enhances our evolution as a digital bank and funds management business.

"Our ability to undertake this digital transformation means that our growing customer base across the eastern seaboard finds we are easier, more trustworthy and intuitive to deal with, leading to deeper customer relationships."

He said it also allowed MyState to grow more efficiently as home lending competition intensified.

The company appeared to have ridden out the coronavirus pandemic, at least to this point.

It said it was well positioned leading into the pandemic, given the quality of the loan book, and there was no dramatic shift in the portfolio or underlying credit quality.

About 35 customers - 0.2 per cent of the loan book portfolio - remained on some form of coronavirus-related assistance as of June 30.

Earnings per share increased by 19.2 per cent to 39.2 cents.

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