Belmont Savings Bank Bancorp, the holding company of Belmont Savings Bank, continued to chug along, increasing its net income year-over year nearly 36 percent from $2.95 million for the second quarter of 2016 to $4.01 million at the end of the second quarter this year.

The bank continues to be one of the fastest growing companies in Massachusetts, with total assets reaching $2.3 billion, up more than $200 million from this time last year.

Most of that growth is attributed to deposits, which have grown more than $140 million since the end of 2016, despite the fact Belmont Savings Bank only has six locations.

“Strong loan demand, good fee income, expense control and credit quality combined to produce very solid quarterly results,” Robert M. Mahoney, president and CEO of Belmont Savings Bank Bancorp, said in a statement.

Net interest income before provision of loan losses for the quarter increased 19 percent from $11.71 million at the end of the second quarter in 2016 to $13.95 million.

Non-interest income was close to $1 million for this quarter, up $300,000 from this time last year.

Net charge-offs remained low at $32,000, but total allowance for loan losses increased from $13.59 million at the end of 2016 to over $15 million by the end of this quarter.