VSB Bancorp, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total interest income of $2,742,572 compared to $2,474,942 a year ago. Net interest income was $2,510,441 compared to $2,290,426 a year ago. Net rental income was $13,112 compared to $15,444 a year ago. Income before income taxes was $872,525 compared to $772,894 a year ago. Net income was $567,167 or $0.32 per basic and diluted share compared to $502,422 or $0.29 per basic and diluted share a year ago. Book value per common share increased from $15.94 at year end 2015 to $16.58 at September 30, 2016. The $64,745 increase in net income was due to an increase in net interest income of $220,015 and a decrease in the provision for loan loss of $10,000. The increase was partially offset by a decrease in non-interest income of $72,677, due primarily to a reduction in insufficient fund charges, an increase in non-interest expenses of $57,707, and an increase in the provision for income taxes of $34,886, due to an increase in pre-tax income. The $220,015 increase in net interest income occurred primarily because interest income increased by $267,630, while cost of funds increased by $47,615. The rise in interest income resulted from a $278,452 increase in income from loans, due to a $23.4 million increase in average loan balance between the periods, partially offset by a 13 basis point decrease in yield between the periods. For the nine months, the company reported total interest income of $8,040,211 compared to $7,109,330 a year ago. Net interest income was $7,337,758 compared to $6,570,458 a year ago. Net rental income was $51,141 compared to $56,546 a year ago. Income before income taxes was $2,578,243 compared to $1,888,485 a year ago. Net income was $1,675,831 or $0.96 per basic and diluted share compared to $1,049,052 or $0.60 per basic and diluted share a year ago.