VSB Bancorp (VSBN) in Staten Island, N.Y., reported higher quarterly profit on lower expenses and higher-yielding securities investments.

The $285 million-asset company reported that its second-quarter net income rose 33% from a year earlier, to nearly $300,000, or 17 cents a share. Net interest income rose less than 1%, to $1.9 million. Noninterest expenses fell 6%, to $2 million.

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