New England Bancshares, holding company for Enfield Federal Savings and Loan Association and Valley Bank, reported a net loss for the quarter ended Sept. 30 of $2 million, compared to net income of $247,000 reported for the same quarter a year ago.

The company blamed the loss largely on securities-related “other than temporary” impairment charges of $2.5 million incurred during the quarter.

“Exclusive of the other-than-temporary impairment charge we are pleased with the company’s core earnings growth, and robust deposit, loan and asset increases,” said Chief Executive Officer David O’Connor. “Enfield Federal Savings and Loan Association and Valley Bank remain financially secure and our capital remains above ‘well capitalized’ levels as defined by our regulators.”