Cambridge Bancorp's net income is up 8.4 percent for the second quarter of 2008, compared to the same period last year.

The company has reported unaudited net income of $2.531 million for the second quarter, or [Article].67 per diluted share, compared to $2.335 million, or [Article].60 per diluted share, for the same quarter in 2007.

Year-to-date, unaudited net income for Cambridge Bancorp was $4.842 million representing a 5.8 percent increase compared to the first half of 2007.

Since June 2007 loan outstandings have increased $69 million. Half of the growth originated in the commercial real estate sector with the remainder coming from a combination of residential mortgages and home equity loans, the bank said.