VSB Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net interest income was $2,518,806 against $2,335,655 a year ago. Income before income taxes was $897,380 against $895,129 a year ago. Net income was $583,259 or $0.33 per diluted common share compared to $581,651 or $0.34 diluted per common share a year ago. Return on average assets increased from 0.65% in the fourth quarter of 2015 to 0.67% in the fourth quarter of 2016, while return on average equity increased from 7.18% to 7.48%. For the full year, the company reported net interest income was $9,856,564 against $8,906,113 a year ago. Income before income taxes was $3,475,623 against $2,783,614 a year ago. Net income was $2,259,090 or $1.28 per diluted common share compared to a net income of $1,630,703 or diluted net income of $0.93 per common share a year ago. Book value per common share increased from $16.00 at year end 2015 to $16.72 at December 31, 2016. The increase in net income was principally due to an increase in net interest income of $950,451, partially offset by a decrease in non-interest income of $137,204, an increase in non-interest expense of $86,238, an increase in the provision for income taxes of $63,622, and an increase in the provision for loan losses of $35,000. Return on average assets increased from 0.54% in 2015 to 0.68% in 2016, while return on average equity increased from 5.68% to 7.54%.