American Savings Bank, which appears positioned to remain a subsidiary of parent Hawaiian Electric Industries Inc., said today that net income rose 3.4 percent in the second quarter due to strong loan and deposit growth.

The bank had been preparing to become independent after a spinoff as part of Florida-based NextEra Energy Inc.’s proposed $4.3 billion purchase of HEI. But the Hawaii Public Utilities Commission rejected the deal on July 15 after 19 months of review.

American Savings earned $13.3 million in the April-June period compared with $12.9 million in the year-earlier quarter. Loans rose 6.7 percent to $4.8 billion while deposits increased 8.9 percent to $5.2 billion.

HEI will release its full earnings on Thursday.