SNL Financial has ranked Hingham Institution for Savings the top thrift institution in New England and number two  in the nation.

SNL cited Hingham Savings’ recent appearance on Dan Rather Reports as an example of a bank that has been able to prosper during the economic downturn. The bank’s scores in the core Return on Average Assets and core Return on Average Equity categories of its ranking were also noted.

"In these challenging financial times, we credit our disciplined cost control and prudent lending standards for our consistently strong performance," said Hingham Institution for Savings President Robert H. Gaughen. "We have never applied for or accepted federal TARP money assistance. In fact, we experienced 40 percent earnings growth last year, and we are actively lending to businesses and residents in our communities."