Hingham InstitutionHingham Institution for Savings has reported $2.97 million in net income for the second quarter, a slight increase from $2.4 million during the same period last year.

Net income for the six months ended June 30 was $5.8 million compared to $4.7 million for the same period last year.

The earnings were boosted by an increase of deposits, net loans and total assets, according to a statement.

"We are pleased to report that our current quarterly and year to date earnings represent a 23 percent increase over the second quarter and first half of 2010," said President Robert H. Gaughen Jr. "We continue to see strong performance year-over-year, reflecting our continued commitment to shareholder value through quality growth and effective cost control."

Q2 Profits Edge Up At Hingham Institution For Savings

by Banker & Tradesman time to read: <1 min
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