Hampden Bancorp, holding company of Hampden Bank, has reported a 71 percent decrease in net income for the second quarter of 2008.
Net income for the three months ended June 30 was $191,000, or 3 cents per diluted share, compared to $658,000 for the same period last year. The decrease in net income was primarily the result of an increase in the provision for loan losses of $347,000 for the second quarter, the bank said.