Hingham Institution For Savings has reported net income for the fourth quarter ended Dec. 31 of $1.8 million, compared to $1.3 million for the same period in 2007, a 38.5 percent increase.

For 2008, the bank reported net income of $6.3 million, compared to $4.5 million in 2007, a 40 percent jump.

Deposits increased by a record $84.1 million, or 19 percent, over those at year-end 2007, the bank said. Total loans increased by 9 percent and total assets increased by 8 percent over 2007.