Hingham Bank Posts 28% Earnings Increase

Hingham Office

Congratulations to the HINGHAM INSTITUTION FOR SAVINGS (Nasdaq – HIFS), Hingham, Massachusetts which announced its earnings for 2009.  Strong growth trends of recent years continued in 2009. Deposits increased by a record $105,753,000 or 20%, total loans increased by 11%, and total assets increased by 15%. Total assets as of December 31, 2009 were $925,560,000 as compared to $806,193,000 at December 31, 2008.  Net income for the year ended December 31, 2009 was a record $8,045,000 or $3.79 per share (basic and diluted) as compared to $6,285,000 or $2.96 per share (basic and diluted) in 2008.

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