Massachusetts’ FDIC-insured banks saw total assets increase in 2019 while net income trailed 2018.

According to the FDIC’s Quarterly Banking Profile for Q4 2019, Massachusetts’ 113 FDIC-insured institutions reported total assets of $412.37 billion on Dec. 31, a 1.3 percent increase compared to 2018.

The industry saw a collective 3.11 percent yield on all earning assets in 2019, up from 2.87 percent in 2018. Total loans and leases were $159 billion last year, up 2.4 percent year-over-year. The institutions together held $323.932 billion in deposits, 2.3 percent more compared to 2018.

Net income was $3.95 billion in 2019. That’s 5.5 percent lower compared to 2018. Net interest margin was 2.37 compared to 2.31 in 2018.

Fewer institutions reported earnings gains this year, with 66.4 percent reporting gains compared to 86.6 percent in 2018.

Mergers have left the state with fewer FDIC-insured institutions. The state had 113 institutions at the end of 2019, six fewer than at the end of 2018. Institutions involved in mergers included Blue Hills Bank, United Bank, Beverly Bank, Equitable Bank, North Easton Savings Bank, Pilgrim Bank and Millbury Savings Bank. One new bank opened in Massachusetts last year: New Valley Bank and Trust in Springfield.

Massachusetts had fewer positions at these institutions. The state had 52,116 full-time-equivalent employees on Dec. 31, a decline of 4.7 percent compared to the end of 2018.