Enfield lender New England Bancshares Inc. posted higher profit in the second quarter due to rising income from loans and tightened expenses.
The parent for New England Bank netted $779,000, or 13 cents a share, in the three months ended June 30, up from $681,000, or 11 cents a share, a year earlier.
The bank’s basket of loans more than 90 days past due grew to $15.2 million at June 30 vs. $13.4 million at the close of the first quarter.
