Bear Hug

Sit start and follow the ledge until the crack, then climb straight to the top.

There are two variations which involve climbing straight to the top of the boulder at the crack:  

1.) A compression ("bear hug") variation. It involves finding a right-hand hold on the underside where Banana Man starts, with the left hand on the ledge.

2.) A two-handed, ledge-only variation. More difficult than the compression start. 

Crash pads, spotter. Watch out for the ledge above the water.