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HINGHAM INSTITUTION FOR SAVINGS REPORTS RESULTS

 HINGHAM INSTITUTION FOR SAVINGS REPORTS RESULTS
 HINGHAM, Mass., April 16 /PRNewswire/ -- Hingham Institution for Savings (NASDAQ: HIFS) announced a profit for the quarter ended March 31, 1992.
 Paul E. Bulman, president and CEO announced a net profit of $305,000 or 24 cents per share for the quarter ended March 31, 1992, as compared to a net loss of $948,000 or 76 cents per share for the quarter ended Dec. 31, 1991 and a net loss of $210,000 or 17 cents per share for the quarter ended March 31, 1991.
 Real Estate Owned or Substantively Repossessed totaled $4,370,000 at March 31, 1992, as compared to $4,772,000 at Dec. 31, 1991. Non Accrual Loans totaled $5,535,000 at March 31, 1992, as compared to $3,591,000 at Dec. 31, 1991.
 Hingham Institution for Savings is a State Chartered Savings Bank serving the South Shore of Massachusetts. On March 31, 1992, total assets were $154,076,000 and stockholders equity totaled $12,450,000 for a book value of $9.96 per share.
 -0- 4/16/92
 /CONTACT: Paul E. Bulman, president and CEO of Hingham Institution for Savings, 617-749-2200/
 (HIFS) CO: Hingham Institution for Savings ST: Massachusetts IN: FIN SU: ERN


PB -- NE003 -- 9132 04/16/92 09:42 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
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