Chicopee Bancorp Inc., the holding company for Chicopee Savings Bank, reported its net income for the first quarter of 2013 more than doubled from the same period during the prior year.

The company reported net income for the three months ended March 31 was $797,000 as compared to net income of $397,000 for the same period in 2012. The company said that the increase in net income was a result of an increase in net interest income; a decrease in the provision for loan losses of $77,000; an increase in non-interest income of $161,000; and a decrease in non-interest expense.

The company also announced its second quarterly cash dividend of five cents per share. Stockholders of record on May 6, will receive the cash dividend on or about June 7.