Fraternity Community Bancorp, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income of $1,077,000 against $1,125,000 a year ago. Income before income tax expense was $76 million against $62 million a year ago. Net income was $65 million against $52 million a year ago. This reflected earnings per common share of $0.05 for the three months ended March 31, 2013 as compared to $0.04 per common share for the same period ended March 31, 2012.

Fraternity Community Bancorp, Inc., Annual General Meeting, May 14, 2013., at 16:00 US Eastern Standard Time. Location: 764 Washington Boulevard. Agenda: To elect one director to serve for a term of three years; to ratify the selection of Stegman & Company as independent registered public accounting firm for the fiscal year ending December 31, 2013; to vote on a non-binding resolution to approve the compensation of the named executive officers; to vote on the frequency of the advisory vote on the compensation of the named executive officers; and to consider such other business as may properly come before the meeting.

Fraternity Community Bancorp, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net income of $51,900 as compared to $88,100 for the three months ended December 31, 2011. The decrease in net income between the periods was primarily due to an increase in non-interest expense of $123,100 for the three months ended December 31, 2012 compared to the same period ended December 31, 2011. The increase in non-interest expense is primarily due to an increase in general and administrative expenses of $59,800, accounting and audit expense of $30,700 and data processing expense of $12,300. Net interest income increased by $42,700 compared to the same period ended December 31, 2011. Its provision for loan losses was $22,100, compared to a net recovery of $1,400 for the same period ended December 31, 2011. Total interest income was $1,607,000 against $1,756,000 a year ago. Net interest income was $1,035,000 against $993,000 a year ago. Net earnings before income taxes were $10,000 against $103,000 a year ago. For the year, it realized net income of $115,200 as compared to $23,900 for the year ended December 31, 2011. The increase in net income between the periods was primarily due to an increase in net interest income of $640,500 from $3.6 million for the year ended December 31, 2011 to $4.2 million for the year ended December 31, 2012. Also contributing was an increase in noninterest income of $48,600, from $365,400 for the year ended December 31, 2011 to $414,000 for the year ended December 31, 2012. These were greatly offset by increases in provision for loan losses of $336,700 and noninterest expense of $252,400 and a reduction of income tax benefit of $9,000. They had a provision for loan losses of $402,200 for the year ended December 31, 2012 as compared to $65,600 for the year ended December 31, 2011. Total interest income was $6,674,000 against $6,906,000 a year ago. Net interest income was $4,247,000 against $3,608,000 a year ago. Net earnings before income taxes were $17,000 against net loss before income taxes of $107,000 a year ago.