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CSB Bancorp Inc. (Symbol: CSBB) is a regional financial institution headquartered in Ohio, specializing in a wide range of personal and business banking services. Operating through its wholly-owned subsidiary, The Commercial & Savings Bank (CSB), the company focuses on delivering comprehensive financial solutions tailored to the needs of its local communities. CSB Bancorp serves customers primarily located in Holmes, Stark, Tuscarawas, and Wayne counties, emphasizing a community-centric approach to banking.
Core Banking Services
CSB Bancorp offers an extensive portfolio of banking products and services designed to meet the diverse needs of individuals, families, and businesses. Its retail banking offerings include checking and savings accounts, time deposits, Individual Retirement Accounts (IRAs), and safe deposit facilities. On the lending side, the bank provides a variety of loan products, including personal loans, consumer loans, residential real estate mortgage loans, commercial real estate mortgage loans, installment loans, and commercial loans. Additionally, the institution supports business clients with specialized services such as night depository facilities and cash management solutions.
Trust and Investment Services
In addition to traditional banking, CSB Bancorp has a robust trust and brokerage division. The company provides estate settlement, retirement planning, agency account management, investment management, and estate planning services. By integrating trust and investment services into its offerings, CSB Bancorp enhances its ability to serve high-net-worth individuals and businesses seeking comprehensive financial management solutions.
Geographic Focus and Market Position
CSB Bancorp operates primarily within the northeastern Ohio region, focusing on Holmes, Stark, Tuscarawas, and Wayne counties. This localized approach enables the company to build strong relationships with its customers and tailor its services to the unique economic and cultural characteristics of the area. Its community-oriented business model positions it as a trusted financial partner for local residents and businesses, fostering long-term customer loyalty.
Competitive Landscape
CSB Bancorp operates in the competitive regional banking sector, where it faces challenges from larger national banks, credit unions, and emerging fintech companies. The company differentiates itself through its personalized customer service, deep understanding of the local market, and comprehensive range of financial products. Its ability to offer both traditional banking and advanced trust and investment services provides a competitive edge in attracting and retaining diverse customer segments.
Revenue Streams and Business Model
The company generates revenue through a combination of interest income from loans, fees from deposit accounts, and income from trust and brokerage services. Its diversified revenue streams help mitigate risks associated with interest rate fluctuations and economic cycles. By maintaining a balanced mix of retail, commercial, and investment services, CSB Bancorp ensures financial stability and growth potential within its regional market.
Commitment to Community and Employees
As a key employer in northeastern Ohio, CSB Bancorp is recognized for its commitment to fostering a positive workplace culture. The company has been named one of Northeast Ohio's Best Places to Work, reflecting its dedication to employee satisfaction and community engagement. This focus on people—both customers and employees—reinforces its reputation as a trusted and reliable financial institution.
Conclusion
CSB Bancorp Inc. stands out as a well-established regional bank with a comprehensive suite of financial services and a strong commitment to its local communities. By combining traditional banking with advanced trust and investment offerings, the company provides holistic financial solutions tailored to the needs of its customers. Its localized focus, personalized service, and diversified revenue streams position it as a key player in the northeastern Ohio banking sector.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported strong first quarter 2023 results, with net income of $3,934,000 or $1.46 per share, compared to $2,701,000 or $0.99 per share in Q1 2022. This represents a 46% rise in net income year-over-year. Key performance indicators include a 16.39% return on equity (ROE) and 1.39% return on assets (ROA). Net interest income grew by 31% to $10.6 million, driven by a 38% increase in loan interest income. Despite a 341% rise in interest expense to $1.3 million, the net interest margin improved to 3.37%. The company declared a dividend of $0.36 per share, offering a 3.8% annual yield. However, challenges such as anticipated economic slowing and competitive funding pressures remain.
CSB Bancorp, Inc. (OTC Pink: CSBB) has announced a first quarter cash dividend of $0.36 per share, representing an increase of $0.01 from the previous dividend. The payment date is set for March 21, 2023, for shareholders of record as of March 7, 2023. With approximately $1.2 billion in assets as of December 31, 2022, CSB Bancorp continues to offer a full range of banking services through its subsidiary, The Commercial Savings Bank, across several counties in Ohio.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported a strong fourth quarter for 2022, with net income surging to $3,753,000 or $1.39 per share, compared to $2,306,000 or $0.85 per share in Q4 2021. This marks a 65% increase in income before federal tax. Annual net income reached $13,313,000, a 23% rise over 2021. The company reported an impressive 15.94% ROE and 1.27% ROA for Q4 2022. Loan balances grew 14% year-over-year, although economic caution may impact future borrowing trends. The fourth quarter dividend was declared at $0.35 per share, yielding 3.6%.
CSB Bancorp, Inc. (OTC Pink: CSBB) has announced a fourth quarter cash dividend of $0.35 per share, payable on December 20, 2022, to shareholders of record as of December 6, 2022. This marks a $0.02 increase from the previous quarterly dividend. CSB Bancorp, based in Millersburg, Ohio, is a financial holding company with a portfolio exceeding $1.1 billion, providing extensive banking services through its subsidiary, The Commercial and Savings Bank.
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