Net income for the quarter
ended March 31, 2005 was $1,517,000 or $0. The class
period is from October 15 , 2003 through July 15, 2005.

died surnames

58, a 6% increase from March
31, 2004.73 $ 0.

massachusetts members

68
====== ======
Diluted $ 0.

william massachusetts

Business Editors

HINGHAM, Mass.com
http://www.

william blackmore

Incorporated in 1834 ,
it is the oldest financial institution headquartered in Hingham and
one of the oldest in the Commonwealth. The Bank also maintains branch offices in South Hingham and
the neighboring towns of Cohasset, Hull, Scituate, and Weymouth.67
====== ======

Return on average equity 13.

died blackmore

11% and 13.29
======== ========

HINGHAM INSTITUTION FOR SAVINGS

Consolidated Statements of Income

Three Months Ended
(In Thousands, Except for Per March 31,
Share Amounts) 2005 2004
-----------------------
(Unaudited)

Interest and dividend income:
Loans $6,339 $5,666
Debt securities 567 510
Equity securities 102 49
Short term investments and certificates
of deposit 73 52
------ ------
Total interest and dividend
income 7,081 6,277
------ ------
Interest expense:
Deposits 1,232 976
Borrowed funds 1,333 1,210
------ ------
Total interest expense 2,565 2,186
------ ------
Net interest income 4,516 4,091
Provision for loan losses 49 23
------ ------
Net interest income after provision for
loan losses 4,467 4,068
------ ------
Other income:
Customer service fees on deposits 213 191
Gain on sales of securities available for
sale --- 80
Increase in cash value of life insurance 104 126
Other 54 48
------ ------
Total other income 371 445
- ----- ------
Operating expenses:
Salaries and employee benefits 1,444 1,361
Data processing 196 191
Occupancy and equipment 245 221
Legal --- 8
Other 521 514
------ ------
Total operating expenses 2,406 2,295
------ -- ----
Income before income taxes 2,432 2,218
Income tax provision 915 815
------ ------
Net income $1,517 $1,403
====== ======

Cash dividends declared per common share
$ 0.

section massachusetts

18
====== ======
Weighted average shares outstanding:
Basic 2,089 2,080
====== ======
Diluted 2,105 2,101
====== ======

Earnings per share:
Basic $ 0.

center community

Hingham Institution for Savings Announces 8% Increase in Net Income

17% of total loans," stated President
Robert H. Federman
FEDERMAN + SHERWOOD
120 N.

members only

Federman + Sherwood Announces That a Securities Class Action Lawsuit Was Filed Against Investors Financial Services Corp.

com

only community

42 % 13. The
complaint alleges violations of federal securities laws, Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including
allegations of issuing a series of material misrepresentations to the market
which had the effect of artificially inflating the market price.

surnames b

The annualized Return on Average Assets and Return on Average
Equity for the quarter were 1. The Bank
originated in excess of $37,000 ,000 in loans in the first quarter of
2005.

HINGHAM INSTITUTION FOR SAVINGS

Consolidated Balance Sheets

March 31, March 31,
2005 2004
------------- -------------
(Unaudited) ($ in thousands except per
share amounts)
ASSETS

Cash and due from banks $ 6,697 $ 6,367
Short term investments 10,150 14,859
------- - --------
Cash and cash equivalents 16,847 21,226

Certificates of deposit 5,099 4,991
Securities available for sale, at fair
value 85,037 71,406
Federal Home Loan Bank stock, at cost 8,484 7,616
Loans, net of allowance for loan losses
of $3,119,000 in 2005 and $3,015,000 in
2004 427,691 366,140
Cash value of life insurance 11,420 10,984
Banking premises and equipment, net 3,453 3,573
Accrued interest receivable 2,235 1,906
Deferred income tax asset, net 1,583 908
Other assets 479 697
-------- --------
Total assets $562,328 $489,447
======== ========

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits $353,584 $298,967
Federal Home Loan Bank advances 160,122 144,858
Mortgagors' escrow accounts 1,459 1,333
Accrued interest payable 474 440
Other liabilities 1,576 1,645
-------- --------
Total liabilities 517,215 447,243
-------- --------

Commitments and contingencies

Stockholders' equity:
Preferred stock, $1.00 par value,
2,500,000 shares authorized;
none issued - -
Common stock, $1.00 par value,
5,000,000 shares
authorized; 2,090,250 and 2,080,250
shares issued and
outstanding at March 31, 2005 and
2004, respectively 2,090 2,080
Additional paid-in capital 9,679 9,462
Undivided profits 34,642 30,686
Accumulated other comprehensive (loss) (1,298) (24)
-------- --------
Total stockholders' equity 45,113 42,204
-------- -- ------

Total liabilities and stockholders'
equity $562,328 $489,447
======== ========

Book value per share $ 21.

colony william

"The Bank continues to produce strong results primarily driven by
our ability to control expenses and expand our balance sheet. Gaughen, Jr.

genealogy colony

At quarter
end , the Bank had no foreclosed property and only three nonperforming
loans representing a minimal 0 .
The Bank's shares of common stock are listed and traded on The
Nasdaq Stock Market under the symbol HIFS.72 $ 0.federmanlaw.

society additional

73 per share (basic) as
compared to net income of $1,403,000 or $0. Balance sheet growth was most notable in
the deposit category which increased $54,617,000 , or 18%, over the
same period.58 $ 20.19 $ 0. If you are a
member of the Class as described above, you may move the Court no later than
October 3, 2005, to serve as a lead plaintiff for the Class.

colony descendants

43 %
====== ======

OKLAHOMA CITY, On August 4, 2005, the class action
lawsuit was filed in the United States District Court for the District of
Massachusetts against Investors Financial Services Corp. (Nasdaq: IFIN). Robinson , Suite 2720
Oklahoma City, OK 73102
(405) 235-1560/FAX: (405) 239-2112
mail to: wfederman@aol.

center only

If you wish to discuss this action, participate in this suit, or have any
questions or concerns regarding this notice, or preservation of your rights,
please contact:

William B.

genealogy center

Assets at March 31, 2005 were $562,328,000 and represented a 15%
increase over March 31, 2004.42% respectively. Equally important, our asset quality remained strong. The Bank's main offices are
located on Main Street, Hingham, Massachusetts 02043, phone (781)
749-2200.

b blackmore

----HINGHAM
INSTITUTION FOR SAVINGS (Nasdaq - HIFS), Hingham, Massachusetts,
announced first quarter earnings for 2005.68 per share (basic) for
the same period last year. Loans grew to $427,691,000 at March 31, 2005, a 17%
increase over the balance at March 31, 2004.
Hingham Institution for Savings is a Massachusetts-chartered
savings bank located in Hingham, Massachusetts.

william died

However, in order
to do so, you must meet certain legal requirements pursuant to the Private
Securities Litigation Reform Act of 1995.

died blackmer

Increases in capital were also noted and at March 31, 2005, the
Bank reported book value per share of $21.
Plaintiff seeks to recover damages on behalf of the Class.