First Commons Bank’s total assets increased almost 26 percent at year’s end, bringing the Newton-based bank’s assets to $262.5 million.

"We are pleased with our continued growth, our increasing ongoing profitability and the continued absence of any nonperforming loans. Further, we are proud that after only 4 1/2 years in business, we delivered over $900,000 in net income from continuing operations in 2013," CEO Tony Nuzzo said in a statement.

Net loans increased $47 million, or 26 percent, during that same period. First Commons Bank opened for business in July 2009.

Net income for the year ended Dec. 31 was $909,000, compared with $2.9 million for previous year. The 2012 results were favorably impacted by a $2.5 million recovery of a deferred tax asset. Excluding that tax recovery, the bank estimated net Income in 2012 would have been approximately $397,000.

Total interest Income increased about $2 million, or 24 percent last year, and interest expense increased approximately $260,000 or 15 percent. Noninterest operating expenses increased about $396,000 or 6.6 percent.