Newton-based First Commons Bank more than doubled its net income in the second quarter of the year.

The bank posted net income of $525,000 in the quarter ended June 30, compared with $254,000 in the year-ago quarter and $455,000 in the prior quarter.

The bank also increased its total assets 20 percent year-over-year to $339 million in the second quarter, a new high for First Commons Bank. Total deposits increased 23 percent year-over-year to $295 million, and net loans increased 13 percent year-over-year to $266 million.

“We continue to be very pleased with our net income results. The second quarter of 2016 represents our third consecutive quarter of strong and increasing earnings,” Chairman, President and CEO Tony Nuzzo said in a statement. “Further, our net income for the first two quarters of 2016 is more than double the net income for the first two quarters of last year.”

He also said the bank’s efficiency ratio improved to 70 percent from 83 percent in the year-ago quarter.

Tangible book value on June 30 was $10.43 per share, with approximately $33 million in equity and a Tier 1 Capital to Average Assets Ratio for the quarter of 9.76 percent.