The Lowell Five Cent Savings Bank’s assets increased 19.4 percent to approximately $810 million for the six months ended June 30, according to a statement from the bank. 

The Lowell Five also recorded annualized increases in deposits and loans of 23 and 21.3 percent, respectively, over the same period.

"While rating agencies continue to downgrade the large banks, we continue to invest locally in people, infrastructure, and technology and we are in the enviable position of watching these investments bring growth and opportunity to our customers and community," David Wallace, bank president, said in a prepared statement.    

The Lowell Five has expanded its branch network to include its newest location in Nashua, New Hampshire, which opened in May. A branch at the Nashoba Valley Technical High School will open in September and construction has started on a new North Andover branch location scheduled to open in January.