Independent Bank Corp., parent of Rockland Trust Co., has reported $8 million in net income for the second quarter, compared to $9.2 million in the first quarter. On a diluted earnings per share basis, the Company reported earnings of 38-cents for the quarter as compared to 44-cents for the previous quarter.

"Our second quarter performance was solid, fueled in large part by growth in priority loan portfolios, including commercial and industrial and home equity, as well as very strong core deposit growth," said Christopher Oddleifson, president and chief executive officer. "These are major areas of focus for Rockland Trust as they help build long-term customer relationships. While the timing of charge-offs caused higher loss provisioning in the period, we significantly reduced our nonperforming assets this quarter."