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.
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