The parent company of Lowell-based Enterprise Bank reported net income of $7.6 million, or $0.64 per diluted share, an increase of $2 million compared to the same three-month period in 2017.

Second quarter net interest income was $27.2 million, an increase of $3.7 million for the second quarter of 2017. The margin grew to 4.03 percent, up 13 basis points from the end of the second quarter of 2017.

“The increase in our 2018 second quarter earnings as compared to 2017 is largely attributable to our growth over the last 12 months and the positive impact of lower federal income tax rates in 2018 from the 2017 Tax Cuts and Jobs Act,” The company’s CEO Jack Clancy said in a statement. “The collective efforts and contributions of our dedicated Enterprise team, including active community involvement, relationship building and a customer-focused mindset, and ongoing enhancements to our leading-edge product and service offerings continue to drive this growth.”

Total assets reached $2.39 billion, up more than $335 million year-over-year. Total deposits were $2.66 billion at the end of the quarter, up more than $300 million year-over-year.

Total loans grew to $2.26 billion, up more than $150 million year-over-year. Second quarter non-interest income amounted to $3.7 million, a decrease of $206,000 compared to the same quarter in the prior year, primarily due to decreases in net gains on sales of investment securities, partially offset by increases in investment advisory fees.

The provision to the allowance for loan losses was up slightly at $300,000 for the quarter. Total non-performing assets as a percentage of total assets amounted to 0.38 percent at the end of the second quarter.

The bank during the quarter also continued to take a hard look and revise its branch footprint in order to maximize efficiency.

“Strategically, our focus remains on organic growth and continually planning for and investing in our future, as we continue to actively look for new branch locations. We are excited that the relocation of our Leominster branch was completed in the second quarter,” Clancy said. “This branch, along with our new Windham, New Hampshire branch and our recently relocated branch in Salem, New Hampshire, are in prime locations and will provide improved, state-of-the-art experiences in these communities to better serve our customers.”