Wellesley Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. The company reported net income of $881,000 for the quarter ended March 31, 2017, compared to net income of $732,000 for the same period in 2016. Diluted earnings per share were $0.36 against $0.31 a year ago. Total interest and dividend income was $6,485,000 against $6,009,000 a year ago. Net interest income was $5,216,000 against $4,808,000 a year ago. Income before income taxes was $1,444,000 against $1,185,000 a year ago. The increase was primarily due to increased interest income as the average balance of loan portfolio increased, partially offset by higher interest expense as the average balance of deposits and borrowings also increased. Return on average assets was 0.52% against 0.47% a year ago. Return on average equity was 6.35% against 5.54% a year ago. Book value per common share at end of period was $22.69 as on March 31, 2017 against $21.76 as on March 31, 2016.