Wellesley Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, total interest and dividend income was $6,409,000 against $6,005,000 for the same period a year ago. Net interest income was $5,136,000 against $4,950,000 for the same period a year ago. Income before income taxes was $1,181,000 against $1,469,000 for the same period a year ago. Net income was $722,000 or $0.30 per diluted share against $905,000 or $0.39 per diluted share for the same period a year ago. Return on average assets was 0.42% against 0.59% for the same period a year ago. Return on average equity was 5.13% against 6.85% for the same period a year ago. Net income decreased $183,000 or 20.2%. Pre-tax income fell by $288,000. There are three events that caused a $346,000 decrease in pre-tax income.  Net interest income increased $186,000 or 3.8%, to $5.1 million. This increase was driven primarily by the growth of loan portfolio, partially offset by higher interest expense from the increase in deposits, borrowings, and subordinated debt. The yield on earning assets for the fourth quarter 2016 was 3.88%, a decrease of 14 basis points from the comparable quarter in 2015.  For the year, total interest and dividend income was $24,804,000 against $22,085,000 for the same period a year ago. Net interest income was $19,905,000 against $18,395,000 for the same period a year ago. Income before income taxes was $4,774,000 against $4,301,000 for the same period a year ago. Net income was $2,936,000 or $1.24 per diluted share against $2,649,000 or $1.14 per diluted share for the same period a year ago. Return on average assets was 0.45% against 0.46% for the same period a year ago. Return on average equity was 5.37% against 5.21% for the same period a year ago. Net income for the year ended December 31, 2016 increased $287,000 due to increased net interest income and noninterest income, partially offset by higher noninterest expenses. Net interest income increased $1.5 million or 8.2%, to $19.9 million for the year ended December 31, 2016, as compared to $18.4 million in the 2015 period. The increase was largely due to increased loan income resulting from growth in portfolio.