Chicopee Bancorp Inc., the holding company for Chicopee Savings Bank, has reported net income of $205,000 for the three months ended Dec. 31, compared to a net loss of $136,000 for the corresponding period in 2009.

The company reported $465,000 in net income for the year ended Dec. 31, 2010, compared to a net loss of $1.6 million for the same period 2009. The $2.1 million increase in net income for the year ended Dec. 31, 2010, was directly related to a $1.4 million, or 9.3 percent, increase in net interest income; a $1.3 million increase in non-interest income due to a $1.4 million decrease in other-than-temporary impairment charges (OTTI); a $36,000, or 0.2 percent, decrease in non-interest expense; and a $397,000 increase in income tax benefit, partially offset by a $326,000, or 36.3 percent, increase in the provision for loan losses, according to a statement.