Brookline Bancorp Inc. has reported $7 million in net income for the second quarter, essentially unchanged from slightly less than $7.08 million in net income for the same period a year ago.

Net income for the 2011 second quarter was reduced by $774,000 ($0.013 per share) as a result of non-tax deductible professional fees incurred relating to acquisition transactions, according to a statement.

The acquisition of First Ipswich Bancorp and its subsidiaries was completed effective Feb. 28. On April 19, the company and Bancorp Rhode Island Inc. entered into a merger agreement pursuant to which Bancorp Rhode Island will merge with and into the company. Subject to approval of the merger by Bancorp Rhode Island shareholders, regulatory approvals and other customary closing conditions, completion of the merger is expected to occur at the end of the 2011 third quarter or in the 2011 fourth quarter, according to a statement.

Net income for the first half of 2011 was $14.3 million, compared to $13.4 million during the first half of 2010. Net income for the 2011 first half was reduced by $924,000 as a result of non-tax deductible professional fees incurred relating to acquisition transactions.

In addition, the board of directors of a regular quarterly dividend of $0.085 per share, payable on Aug. 17 to stockholders of record on Aug. 1.