VSB Bancorp Inc. (VSBN) reported that its third-quarter net income was $357,460, or $0.20 per share, down from $422,288, or $0.23 per share in the year ago quarter.
The $64,828 decrease in net income was due to a decrease in net interest income of $232,433. This decrease was partially offset by a decrease in non-interest expense of $57,465, a decrease in the provision for income taxes of $54,817, and a decrease in the provision for loan losses of $50,000.
Net interest income for the quarter was $2.05 million, compared to $2.28 million last year. Total non-interest income for the quarter was $607,828 compared to 602,505 in the year ago quarter.
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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.