Last $12.06 USD
Change Today 0.00 / 0.00%
Volume 0.0
VSBN On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 02/20/15 All times are local (Market data is delayed by at least 15 minutes).

vsb bancorp inc (VSBN) Snapshot

Open
$12.06
Previous Close
$12.06
Day High
$12.06
Day Low
$12.06
52 Week High
01/29/15 - $12.25
52 Week Low
03/12/14 - $10.81
Market Cap
21.5M
Average Volume 10 Days
52.7
EPS TTM
$0.72
Shares Outstanding
1.8M
EX-Date
12/17/14
P/E TM
16.8x
Dividend
$0.24
Dividend Yield
1.98%
Current Stock Chart for VSB BANCORP INC (VSBN)

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vsb bancorp inc (VSBN) Details

VSB Bancorp, Inc. operates as the holding company for Victory State Bank that provides commercial and retail banking services to individuals and businesses primarily in Staten Island, New York. The company offers deposit products, including non-interest bearing checking, money market, time deposit, statement savings, and NOW accounts. Its loan portfolio comprises commercial business loans; commercial real estate loans; construction loans for one- to four-family residential properties, and multi-family residential and commercial use real estate properties; and unsecured commercial loans. The company serves its customers through its banking offices and its Web site, victorystatebank.com. As of July 11, 2013, it operated 5 full service offices in Great Kills, West Brighton, St. George, Dongan Hills, and Rosebank in Staten Island. The company was founded in 1997 and is based in Staten Island, New York.

vsb bancorp inc (VSBN) Top Compensated Officers

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vsb bancorp inc (VSBN) Key Developments

VSB Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

VSB Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net interest income was $1,991,523 against $2,007,017 a year ago. The decline in interest income resulted from a $199,980 decrease in interest income from loans principally due to a reduction in the average balance of $6.7 million and a decrease of 44 basis points in the yield on loans. Income before income taxes was $537,389 against $511,099 a year ago. Net income was $184,917 against $277,293 a year ago. Diluted net income per share was $0.10 against $0.16 a year ago. Book value per common share was $15.36 against $15.47 a year ago. Return on average assets decreased from 0.36% to 0.20%, while return on average equity decreased from 3.87% to 2.11%. For the nine months, net interest income was $8,263,216 against $7,740,551 a year ago. Income before income taxes was $2,515,145 against $1,938,235 a year ago. Net income was $1,272,494 against $1,051,471 a year ago. Diluted net income per share was $0.72 against $0.59 a year ago. Book value per common share was $15.36 against $15.47 a year ago.

VSB Bancorp, Inc. Announces Quarterly Cash Dividend Payable on January 2, 2015

VSB Bancorp, Inc. declared a quarterly cash dividend of $0.06 per share payable on January 2, 2015 to stockholders of record on December 19, 2014.

VSB Bancorp, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

VSB Bancorp, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. Pre-tax income was $980,017 in the third quarter of 2014, compared to $629,022 for the third quarter of 2013. Net income for the quarter was $546,317, or basic and diluted income of $0.31 per common share, compared to a net income of $341,238, or $0.19 basic and diluted income per common share, for the quarter ended September 30, 2013. Return on average assets increased from 0.44% in the third quarter of 2013 to 0.50% in the third quarter of 2014, while return on average equity increased from 4.81% to 5.14%. Net interest income was $2,574,080 against $2,169,482 a year ago. Net interest income increased $437,824 for the third quarter of 2014 because interest income increased by $404,598, while cost of funds decreased by $33,226. The rise in interest income resulted from a $388,405 increase in interest income from loans due to the receipt of past due interest on a non-performing loan when sold the loan in July 2014. For the first nine months of 2014, pre-tax income increased to $1,977,756 from $1,427,136 for the first nine months of 2013, a rise of $550,620, or 38.6%. Net income for the nine months ended September 30, 2014 was $1,087,577, or basic and diluted net income of $0.61 per common share, as compared to a net income of $774,178, or basic and diluted net income of $0.44 per common share, for the nine months ended September 30, 2013. The $313,399 increase in net income for the nine months ended September 30, 2014 was attributable principally to a $538,159 increase in net interest income, an $80,200 reduction in non-interest expenses and a $47,261 increase in non-interest income, partially offset by an $115,000 increase in the provision for loan losses. Net interest income was $6,271,693 against $5,733,534 a year ago. Book value per common share was $15.26 against $15.42 a year ago.

 

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VSBN Competitors

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1st Colonial Bancorp Inc $7.25 USD 0.00
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Community First Bancorporation/SC $3.25 USD 0.00
FSB Community Bankshares Inc $9.15 USD 0.00
Harford Bank/Aberdeen MD $25.00 USD 0.00
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Industry Analysis

VSBN

Industry Average

Valuation VSBN Industry Range
Price/Earnings 16.7x
Price/Sales 2.1x
Price/Book 0.8x
Price/Cash Flow 17.7x
TEV/Sales 0.4x
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