Wellesley Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net interest income of $6,085,000 compared to $5,534,000 a year ago. Income before income taxes was $1,943,000 compared to $1,536,000 a year ago. Net income was $1,420,000 or $0.57 per diluted share compared to $937,000 or $0.38 per diluted share a year ago. Return on average assets was 0.70% compared to 0.53% a year ago. Return on average equity was 9.31% compared to 6.53% a year ago. This increase was driven primarily by the increase in the average balances of loan portfolio, partially offset by higher interest expense from the increases in average balances and rates on deposits and borrowings. For the six months, the company reported net interest income of $12,107,000 compared to $10,750,000 a year ago. The increase was largely due to increased loan income resulting from growth in portfolio partially offset by higher deposit costs. Income before income taxes was $3,920,000 compared to $2,980,000 a year ago. Net income was $2,857,000 or $1.15 per diluted share compared to $1,818,000 or $0.74 per diluted share a year ago. The increase is due to increased net interest income and non-interest income partially offset by higher non-interest expenses and provision for loan losses. Return on average assets was 0.71% compared to 0.52% a year ago. Return on average equity was 9.50% compared to 6.44% a year ago. As at June 30, 2018, the company reported book value per common share of $24.52 compared to $23.07 a year ago.