Earnings at Cambridge Bancorp, the parent company of Cambridge Trust Company, were essentially flat in the second quarter compared to the same period last year, with net income down about 2 percent in the quarter, to a little less than $2.48 million dollars, from more than $2.53 million dollars last year.

The trend continued for the first half of the year, with earnings coming in at $4.48 million dollars through June 30 of this year, compared to net income of $4.84 million dollars in 2008, a drop of a little more than 7 percent.

The bank said the results are in part due to a more than $1 million dollar increase in non-interest expenses in the second quarter, including a $780,000 dollar increase in FDIC premiums.

The Cambridge Trust reported healthy gains in deposits and total loans. Since the end of last year, Cambridge’s deposits have increased almost $80 million dollars, or more than 10 percent, while total loans have gone up $18.4 million dollars, or almost 4 percent.

“Although there have been some modest signs of improvement in the economy, considerable uncertainty and challenges remain,” said Cambridge Bancorp’s president and CEO Joseph V. Roller. “While we adjust and adapt to the changing environment, we continue to see opportunities for growth and remain focused on executing the bank’s business plans.”