BSB Bancorp, the holding company of Belmont Savings Bank, had its 17th consecutive quarter of organic income growth, while garnering some serious national recognition along the way.

The nearly $2.5 billion asset company reported third quarter net income of $4.6 million, or $0.50 per diluted share, a 44.6 percent increase from the third quarter of 2016. Net interest income for the quarter ending Sept. 30 was nearly $14.2 million, an 18 percent increase from the third quarter of 2016.

The net interest margin was 2.36 percent, down 12 basis points year-over-year and down seven basis points over the linked quarter.

During the last three months, the company was recognized twice nationally for its impressive growth and performance.

Sandler O’Neill in September named Belmont Savings Bank to its Sm-All Star Award Class of 2017 for banks with a market-cap below $2.5 billion that demonstrate exceptional growth, profitability, credit quality and capital strength.

The bank was the only in Massachusetts to make the list and was one of 29 banks selected nationally out of a total of 404 publicly traded banks that applied.

Then just a few weeks later, Fortune Magazine ranked the company as the 41st fastest growing company in 2017. Only five Massachusetts companies and seven savings banks nationwide made the list.

“Our team continued to execute our strategy and delivered good growth by all measures,” Robert M. Mahoney, president and CEO of the company, said in a statement. “We are extremely proud to have been nationally recognized for our growth in revenue, assets, earnings and shareholder return.”

Total noninterest income for the quarter was $885,000, up $205,000 from the third quarter of last year.

Total deposits reached $1.71 billion, an increase of roughly $280 million since this time last year.

Total loans were just over $2.1 billion, up close to $370 million from Sept. 30, 2016. The increase is mostly from residential and commercial real estate loans, and was partially offset by decreases in construction and indirect auto loans. The decrease in indirect auto loans was driven by the suspension of new originations due to current market conditions.

Asset quality remained strong. The allowance for loan losses as a percentage of total loans as of Sept. 30 was 0.72 percent.  For the first nine months of the year, the company recorded net charge offs of $35,000, and total non-performing assets were 0.07 percent of total assets.