Cambridge Bancorp announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, net interest income was $11,920,000, income before income taxes was $5,419,000 and net income was $3,639,000 or $0.93 per diluted share against net interest income of $11,616,000, income before income taxes was $4,515,000 and net income was $3,003,000 or $0.77 per diluted share for the same period a year ago. Net interest income after provision for loan losses was $11,420,000 against $11,516,000 a year ago. Comprehensive income was $7,073,000 against $2,196,000 a year ago.

For the full year, net interest income was $45,467,000, income before income taxes was $21,037,000 and net income was $14,140,000 or $3.62 per diluted share against net interest income of $45,875,000, income before income taxes was $19,717,000 and net income was $13,403,000 or $3.45 per diluted share for the same period a year ago. The prolonged low interest rate environment intensified margin pressures, which have been unfavorable for the industry for some time. The Bank's net interest margin decreased 23 basis points to 3.35% for the year compared to 3.58% for the year ended December 31, 2012. Net interest income after provision for loan losses was $43,967,000 against $45,875,000 a year ago. Comprehensive income was $9,204,000 against $12,637,000 a year ago. Net cash provided by operating activities was $23,195,000 and purchase of banking premises and equipment was $5,306,000 against net cash provided by operating activities of $5,901,000 and purchase of banking premises and equipment of $1,428,000 a year ago.