Hingham Institution for Savings reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the year, the company reported net income of $13,290,000 or $6.25 per basic and diluted share as compared to $12,062,000 or $5.67 per diluted share for 2011. The Bank's return on average equity was 15.05% compared to 15.34% reported a year ago. Return on average assets was 1.15% compared to 1.14% reported a year ago. Book value per share increased to $43.65 per share at December 31, 2012 from $38.70 per share at December 31, 2011. The company reported income before income taxes of $22,401,000 and net interest income of $37,894,000 on total interest and dividend income of $48,831,000 compared to income before income taxes of $20,335,000 and net interest income of $35,826,000 on total interest and dividend income of $48,444,000 reported a year ago.

Net income for the fourth quarter 2012 was $3,354,000 or $1.58 per basic and diluted share as compared to $3,107,000 or $1.46 per basic and diluted share for the fourth quarter 2011. The company reported income before income taxes of $5,658,000 and net interest income of $9,634,000 on total interest and dividend income of $12,399,000 compared to income before income taxes of $5,255,000 and net interest income of $9,319,000 on total interest and dividend income of $12,231,000 reported a year ago. The Bank's return on average equity was 14.58% compared to 15.23% reported a year ago. Return on average assets was 1.11% compared to 1.13% reported a year ago.