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HINGHAM INSTITUTION ANNOUNCES QUARTERLY RESULTS

 HINGHAM INSTITUTION ANNOUNCES QUARTERLY RESULTS
 HINGHAM, Mass., July 16 /PRNewswire/ -- Hingham Institution for


Savings (NASDAQ: HIFS) announces a profit for the quarter ended June 30, 1992.
 Paul E. Bulman, president and CEO, announced a net profit of $307,000 or 25 cents per share for the quarter ended June 30, 1992, as compared with a net loss of $754,000 or 60 cents per share for the quarter ended June 30, 1991.
 Real estate owned or substantively repossessed totaled $4,579,000 at June 30, 1992, as compared to $4,370,000 at March 31, 1992. Nonaccrual loans totaled $4,011,000 at June 30, 1992, as compared to $5,535,000 at March 31, 1992.
 Hingham Institution for Savings is a state-chartered savings bank serving the South Shore of Massachusetts. On June 30, 1992, total assets were $152,813,000 and stockholders equity totaled $12,739,000 for a book value of $10.19 per share.
 -0- 7/16/92
 /CONTACT: Paul E. Bulman of Hingham Institution, 617-749-2200/
 (HIFS) CO: Hingham Institution for Savings ST: Massachusetts IN: FIN SU: ERN


CN-PB -- NE011 -- 8482 07/16/92 11:24 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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