Wainwright Bank and Trust Co. in Boston said Thursday that it had earned $1.5 million in the fourth quarter, 36% more than a year earlier.
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Full-year earnings of $6.4 million, a record, were up 36%.
The $760 million-asset company attributed the gains to a 22% increase in loans; fourth-quarter net interest income was up 18%.
But noninterest income was down 12% in the quarter, to $1.3 million.
Wainwright said it expects strong loan and deposit growth this year. It expects two new branches, in the affluent Boston suburbs of Brookline and Newton, to open by midyear.
