The Hingham Institution for Savings saw a 2.8 percent decrease in net income for the second quarter of 2013, to $3.3 million compared with $3.4 million for the same period a year ago.

Deposits increased 8 percent, or $64.9 million, from June 30 last year, and net loans increased 12 percent, or $107.6 million, during that period, as well.

"Despite the extended period of low interest rates that have had a negative impact on industry earnings, we continue to see strong earnings performance with our second quarter 2013 results improving over those of the first quarter," President Robert Gaughen said in a statement. "We also continue to see solid growth in our balance sheet. This growth, combined with our diligent cost control, continues to produce some of the strongest earnings in the industry."

At June 30, non-performing assets totaled 0.38 percent of total assets, consistent with 0.28 percent at Dec. 31, 2012 and a significant decrease from 0.74 percent at June 30 last year. For the quarter ended June 30, 2013, a provision of $100,000 was made to the allowance for loan losses compared with $200,000 for the same period in 2012.

The net interest margin was 3.23 percent, compared with 3.43 percent a year ago.

Total assets increased 8 percent, or $96.6 million, from last year’s second quarter. Stockholders’ equity increased to $98 million as of June 30, representing a 12 percent increase compared with the second quarter of last year. Book value per share increased to $46.08 per share at June 30 from $43.65 per share at Dec. 31, 2012 and $41.29 per share at June 30, 2012.