Somerville-based Central Bancorp Inc. reported $241,000 net income for the quarter ended March 31, a significant decrease compared to $725,000 net income for the same time last year.

The company’s 67 percent fall in net income was the result of a $638,000 decrease in net interest and dividend income, a $408,000 increase in non-interest expenses and an $88,000 increase in the provision for income taxes, partially offset by a $599,000 increase in non-interest income and a $50,000 decrease in the provision for loan losses, according to a statement.