VSB Bancorp, Inc. (VSBN) posted a decline in its second-quarter net income, due to a decrease in net interest income and an increase in the provision for loan loss.
Net income for the quarter was $372 thousand or $0.21 per share, compared to $428 thousand or $0.24 per share in the prior year quarter.
Net-interest income for the quarter declined to $2.1 million from $2.2 million in the comparable quarter last year, while total non-interest income for the second quarter was $628 thousand, compared to $623 thousand in the same quarter last year.
Provision for loan loss was $65 thousand, compared to $25 thousand in the year-ago period.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.