West Springfield’s United Financial Bancorp Inc., the holding company for United Bank, has reported net income of $2.6 million for the second quarter of 2012, a slight dip from net income of $2.7 million for the same period in 2011.

For the six months ended June 30, the company’s net income was $5.4 million, compared to net income of $5.1 million for the same period in 2011.

The company also announced an 11 percent increase in its quarterly cash dividend to 10 cents per share. The dividend will be paid on Aug. 30 to shareholders of record as of Aug. 9.

"We are pleased with our performance this quarter, which reflects strong growth in commercial loans and core deposits," said Richard B. Collins, president and chief executive officer. "We continue to maintain excellent asset quality metrics, which compare favorably to industry averages and those of our peers and a healthy balance sheet with solid capital and liquidity positions. We remain focused on profitable growth and the expansion of our franchise. As a result of our steady performance, we are pleased to reward our shareholders with an 11 percent increase in our quarterly dividend payment."