VSB Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported pre-tax income was $860,456 in the second quarter of 2016, compared to $682,452 for the second quarter of 2015. Net income for the quarter was $559,268, or basic income of $0.32 per common share, compared to a net income of $295,285, or $0.17 basic net income per common share, for the quarter ended June 30, 2015. Return on average assets increased from 0.41% in the second quarter of 2015 to 0.66% in the second quarter of 2016, while return on average equity increased from 4.19% to 7.24%. The $263,983 increase in net income was due to an increase in net interest income of $179,798, a decrease in non-interest expenses of $124,180 and an decrease in the provision for income taxes of $85,979, due to a lower effective tax rate partially offset by an increase in pre-tax income. The $179,798 increase in net interest income for the second quarter of 2016 occurred primarily because the interest income increased by $230,484, while the cost of funds increased by $50,686. Net interest income was $2,437,832 against $2,258,034 a year ago. Book value per common share was $16.37 against $15.68 a year ago. For the first six months of 2016, pre-tax income increased to $1.7 million from $1.1 million for the first six months of 2015, an improvement of $590,127, or 52.9%. Net income was $1.1 million, or basic net income of $0.64 per common share, as compared to net income of $546,630, or basic net income of $0.31 per common share, for the six months ended June 30, 2015. The increase in net income for the six months ended June 30, 2016 compared to the same period in 2015 was attributable principally to a $547,285 increase in net interest income and a $44,288 decrease in non-interest expenses partially offset by a $28,093 increase in the provision for income taxes. Net interest income was $4,827,317 against $4,280,032 a year ago.