NewAlliance Bancshares of New Haven, holding company for NewAlliance Bank, has reported net income of $11.8 million for the second quarter of this year, down slightly from the first quarter but well ahead of a $3.9 million loss in the second quarter of 2007.

The company reported net income of $12.9 million in the first quarter. The company primarily attributed its $3.9 million second quarter loss last year to a $22.6 million write-down related to a restructuring of its securities and investment securities portfolios last June. Without that write-down, the company said, its second quarter 2007 net income would have been $11.1 million.

Through June 30, the bank reported total net income of $24.7 million, compared to net income of $5.4 million for the same period last year.

The bank said it will pay a quarterly dividend of $.07 per share, payable Aug.19 to shareholders of record on Aug. 8.