The parent company of Brookline Bank had improved profits in the second quarter of the year, while dealing with the same deposit pressure that most community banks in Greater Boston have been experiencing.

The company reported second quarter net income of of $20.8 million, or $0.26 per basic and diluted share, compared to $14.9 million, or $0.20 per basic and diluted share, for the second quarter of 2017.

Net interest income for the quarter was roughly $62.7 million, up more than $7 million from the second quarter of last year. The margin ended the quarter at 3.64 percent, down two basis points from the linked quarter and up five basis points from this time last year.

“Brookline Bancorp continued to generate record earnings in the quarter while maintaining our commitment to reinvest in the franchise,” Paul Perrault, president and CEO of the company, said in a statement. “We successfully completed the branch consolidation, conversion and system integration of First Commons Bank on June 1 thanks to the hard work of our experienced team. During the quarter we opened banking offices in Wakefield and Braintree, Massachusetts, expanding our boutique style of commercial banking to these markets.”

Total assets were $7.29 billion at the end of the quarter, up $630 million from this time last year. Total deposits finished the quarter at nearly $5.2 billion, up more than $490 million year-over-year, but up less than $7 million from the linked quarter, as deposit competition has ramped up with rising interest rates.

“Customers are focused on where they want to place their money,” Brookline Bank’s CFO Carl Carlson said on a recent earnings release. “We are starting to see the pressure on all sides there.”

Money market deposits, at just over $1.7 billion at the end of the second quarter, are down almost $60 million year-over-year and roughly $158 million from the linked quarter.

The cost of interest-bearing deposits is up 17 basis points from the linked quarter and 30 basis points from this time last year. The bank has managed to grow its total certificate of deposits to roughly $1.5 billion, up almost $180 million over the linked quarter. However, most of that is from special promotions the bank has been running such as 2.5 percent returns on an 18-month CD and 2.25 percent on a 13-month CD.

Total loans ended the second quarter at $6.11 billion, up about $640 million year-over-year, led by quarterly gains in commercial real estate, equipment financing and home equity loans.

The company recorded a provision for credit losses of $1.5 million for the quarter, primarily driven by charge-offs on taxi medallion loans.

Carlson said there were about $3 million in charge-offs related to the taxi line that were partially offset by recoveries on some commercial loans. During the quarter, Carlson said the bank brought down the value of a Cambridge medallion to $20,000. The total value of the taxi portfolio at the end of the second quarter was $15.2 million, with $1.7 million in reserves.

The ratio of nonperforming assets to total assets at the bank was 0.41 percent.