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Overview of CSB Bancorp Inc
CSB Bancorp Inc (CSBB) is a comprehensive financial institution primarily serving the regional markets in Northeast Ohio. As a full-spectrum bank, CSB encompasses a wide range of banking services that include personal and business banking, trust services, and brokerage solutions. The institution has established a reputation for its deep local ties and a diversified product portfolio that addresses the complex financial needs of its customers. It combines traditional deposit and lending products with specialized trust and estate planning services, making it an integral part of the financial fabric in its community.
Retail and Business Banking Services
CSB Bancorp Inc is structured to meet the needs of both individual consumers and business customers. The bank offers conventional products such as checking and savings accounts, time deposit options, and safe deposit facilities, ensuring that everyday financial management is both secure and accessible. For businesses, CSB provides a range of loan products including commercial loans, consumer loans, and mortgage solutions tailored for both residential and commercial real estate. In addition, the bank supports customers through night depository facilities and other streamlined services that optimize convenience and operational efficiency.
Trust and Brokerage Services
The trust services provided by CSB Bancorp Inc extend the institution's commitment to serving complex financial planning needs. These services cover a broad array of offerings including estate settlement, retirement plans, agency accounts, investment management, and dedicated estate planning. By offering these services, CSB not only assists individuals in managing long-term financial goals but also ensures that businesses and families can secure their assets and legacy in a professionally managed framework.
Community and Regional Focus
Deeply embedded in its local communities, CSB Bancorp Inc is a pillar in the counties of Holmes, Stark, Tuscarawas, and Wayne in Ohio. The bank has become a trusted partner for the regional population by actively addressing local financial needs and supporting community development. This aspect reinforces the bank's commitment to fostering economic growth and stability within its geographic area. The bank also takes pride in its status as a top employer in the region, underlining its role in not only providing financial services but also contributing positively to the local job market and economy.
Comprehensive Financial Solutions and Competitive Positioning
In the broader competitive landscape of regional banks, CSB Bancorp Inc distinguishes itself through its diversified service portfolio and community-focused approach. The bank’s business model integrates conventional banking products with trust and brokerage services in a way that addresses multiple facets of financial management. This multifaceted approach allows the bank to maintain robust customer relationships while balancing a wide range of financial services that meet both everyday and specialized needs. With a focus on reliability and tailored financial solutions, CSB positions itself as a stable and trusted option in an increasingly competitive market.
Expertise and Trust in Financial Management
Leveraging decades of experience in the banking sector, CSB Bancorp Inc employs a sophisticated understanding of both market dynamics and customer needs. Its authoritative suite of financial products and services is built on principles of prudent risk management and strategic planning. The bank's careful integration of retail and commercial banking with trust services not only provides a competitive edge but also builds a foundation of trust and credibility with its clientele. CSB’s operational framework centers on a rigorous compliance regime and best practices that serve to reinforce its commitment to excellence and service reliability.
Key Service Highlights
- Personal Banking: Robust offerings from basic checking and savings accounts to personal loans and time deposits.
- Business Banking: A suite of products including commercial loans, consumer loans, and specialized mortgage solutions tailored for diverse business needs.
- Trust Services: Comprehensive estate planning, investment management and retirement planning services that enhance long-term financial security.
- Community Engagement: A strong local presence that underpins regional economic growth through dedicated service in key Ohio counties.
Understanding the Business Model
CSB Bancorp Inc operates with a business model built around diversified revenue streams that span both transactional banking services and advisory trust services. This model not only enables the bank to manage its operational risk through a varied mix of products but also fosters deep customer loyalty by providing multiple touchpoints for engagement. Whether through day-to-day banking or long-term financial planning, CSB’s integrated suite of services supports a broad range of financial needs while maintaining a clear focus on the community it serves.
A Stable and Experienced Financial Partner
The institutional stability of CSB Bancorp Inc is underlined by its well-established operational procedures and its commitment to community values. By integrating business and personal banking within a comprehensive framework of trust and brokerage services, the bank positions itself as a proficient and versatile financial partner. This strategic combination ensures that customers receive a holistic approach to financial management that is both responsive to immediate needs and supportive of future planning, without venturing into speculative territory regarding future growth.
Conclusion
Overall, CSB Bancorp Inc stands as a comprehensive, community-focused banking institution with a robust range of products and services. Its blend of retail and business banking, supported by advanced trust and brokerage services, provides both individuals and companies in Northeast Ohio with reliable and diverse financial solutions. Through its balanced service portfolio and a clear dedication to regional economic health, CSB Bancorp Inc reinforces its role as a trusted and integral part of the local financial ecosystem.
CSB Bancorp (OTC Pink: CSBB) has declared a first quarter cash dividend of $0.40 per share on its common stock. The dividend will be payable on March 25, 2025, to shareholders of record as of March 11, 2025.
The financial holding company, headquartered in Millersburg, Ohio, reports assets of $1.2 billion as of December 31, 2024. The company operates through its subsidiary, The Commercial and Savings Bank, maintaining sixteen banking centers across Holmes, Stark, Tuscarawas, and Wayne counties. Additionally, CSB operates trust offices in Millersburg, North Canton, and Wooster, Ohio, along with a loan production office in Medina, Ohio.
CSB Bancorp (OTC Pink: CSBB) reported fourth quarter 2024 net income of $2,319,000 ($0.87 per share), down from $3,697,000 ($1.38 per share) in Q4 2023. Full-year 2024 net income decreased 32% to $10,012,000 from $14,756,000 in 2023.
The quarter saw increased credit loss provisions of $2.1 million compared to Q4 2023, largely due to a $7.1 million commercial lending relationship in court liquidation. Net loan balances grew 5.1% in 2024, while pre-provision net revenue increased 2.9% to $19.4 million. The company's ROE and ROA for Q4 2024 were 7.99% and 0.76% respectively, down from 14.22% and 1.25% in Q4 2023.
Shareholders' equity increased 6.4% to $115 million, and the company declared a quarterly dividend of $0.40 per share. The loan portfolio showed mixed performance with commercial and residential mortgages growing while consumer credit decreased.
CSB Bancorp (OTC Pink: CSBB) has declared a fourth quarter cash dividend of $0.40 per share on its common stock, payable December 17, 2024, to shareholders of record as of December 3, 2024. The financial holding company, headquartered in Millersburg, Ohio, reports approximately $1.2 billion in assets as of September 30, 2024. The company operates through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers across multiple Ohio counties, three Trust offices, and a loan production office in Medina.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported third quarter 2024 net income of $3,145,000, or $1.18 per basic and diluted share, compared to $3,481,000, or $1.30 per share, for the same period in 2023. For the nine-month period ended September 30, 2024, net income totaled $7,693,000, a 30% decrease from the previous year. The company's annualized ROE and ROA for the quarter were 11.14% and 1.05%, respectively, down from 13.63% and 1.19% in Q3 2023.
Key highlights include:
- Pre-Provision Net Revenue increased by 2% to $4.60 million
- Net interest income rose by 4%
- Noninterest income increased by 6%
- Noninterest expense grew by 6%
- Loan interest income including fees increased by 15%
- Average earning assets grew by 3% to $31 million
The company declared a third quarter dividend of $0.40 per share, yielding 4.2% based on the September 30, 2024 closing price of $38.50.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a third quarter cash dividend of $0.40 per share on its common stock, payable September 17, 2024, to shareholders of record as of September 3, 2024. This represents a $0.01 increase in the quarterly cash dividend. CSB Bancorp is a financial holding company headquartered in Millersburg, Ohio, with approximate assets of $1.2 billion as of June 30, 2024. The company provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers in Ohio counties and additional trust offices and a loan production office.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported second quarter 2024 net income of $1,615,000, or $0.61 per diluted share, compared to $3,644,000, or $1.36 per diluted share, for the same period in 2023. Net income for the six-month period ended June 30, 2024, decreased by 40% to $4,548,000. The company's ROE and ROA for Q2 2024 were 5.89% and 0.56%, respectively, down from 14.62% and 1.27% in Q2 2023. Key factors affecting performance include:
- Pressured net interest margins
- Slowed loan demand
- Credit deterioration in a $6.4 million commercial lending relationship
- Increased allowance for expected credit losses to $10.6 million (1.47% of total loans)
- 17% increase in loan interest income
- 62% increase in interest expense
CSB Bancorp, Inc., declared a second-quarter cash dividend of $0.39 per share on its common stock, payable on June 18, 2024. The company, with assets of $1.2 billion, offers banking and financial services through its subsidiary, The Commercial and Savings Bank, across multiple locations.
CSB Bancorp, Inc. declared a second quarter cash dividend of $0.39 per share, payable on June 18, 2024, to shareholders of record as of June 4, 2024. The company is a financial holding firm with around $1.2 billion in assets, providing various financial services through its subsidiary, The Commercial and Savings Bank.
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