Strong deposit growth and commercial lending drove profits in the second quarter at Eastern Bank, the largest mutual bank in Massachusetts.

Net income for the quarter was slightly more than $20 million, down about $5 million from the first quarter of the year, but up about $8 million year-over-year.

Net interest income for the quarter was roughly $84 million, up $5 million from the previous quarter, and more than $10 million year-over-year.

Total assets at the now $10.57 billion asset bank grew more than $500 million since this time last year, $300 million in the second quarter alone.

Deposits grew $83 million in the quarter and more than $320 million year-over-year.

Total loans also contributed to asset growth as well, growing $100 million in the second quarter, putting them up more than $430 million year-over-year.

Loan growth was fueled by commercial lending.

Total loans secured by real estate other than residential property were up $265 million at the end of the second quarter, compared to this time last year. Commercial and industrial lending was up $120 million at the end of the second quarter, compared to this time last year.

Non-interest income for the quarter was $45 million – down $10 million from quarter one, largely due to higher profits from its insurance arm, which is typical in quarter one – but up $5 million year-over-year.

This number was driven by transactional income from debit cards, strong earnings from the insurance arm and interest rate swap fees.