Profitability at U.S. banks with less than $10 billion in assets has declined in the second quarter, according to an analysis of results reported through July 26 conducted by S&P Global Market Intelligence.

The median return on average equity among the 227 publicly traded banks and thrifts in the analysis was 10.08% for the quarter, down from 10.46% in the year-ago period. The group's median net interest margin fell slightly to 3.65% from 3.69%.

However, the median efficiency ratio was 60.76%, down from 60.91% in the year-ago quarter, and the group's median net charge-off ratio fell slightly to 0.03% from 0.04%.

Median year-over-year loan growth was 8.1% in the second quarter, compared to a 9.8% increase in the year-ago quarter. Meanwhile, deposits grew by a median of 7.9% year over year, down from 8.7% growth in the second quarter of 2018.