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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 third quarter 2022 net income of $3,650,000, or $1.35 per share, rising from $2,901,000 in Q3 2021. The company achieved a 26% increase in income before federal tax at $4,540,000. For the nine months ended September 2022, net income totaled $9,560,000, up 12%. ROE was 15.24% and ROA 1.25% for Q3 2022, improving significantly from last year. However, net interest income and noninterest income saw mixed results, with challenges in loan yields and noninterest income.
CSB Bancorp, Inc. (OTC Pink: CSBB) announced a third quarter cash dividend of $0.33 per share, payable on September 20, 2022 to shareholders of record as of September 6, 2022. This marks a $0.02 increase from the previous quarterly dividend. The company, based in Millersburg, Ohio, has a financial portfolio worth $1.1 billion and offers various banking services through its subsidiary, The Commercial Savings Bank, with 16 banking centers across several counties in Ohio.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported a strong second quarter 2022, with net income of $3,209,000 or $1.18 per share, up from $2,745,000 or $1.00 per share in Q2 2021. The company achieved a 17% increase in income before tax and improved returns on equity (13.73%) and assets (1.13%). However, net interest income grew 13% but loan interest income decreased 3%. Noninterest income dropped by 3%, largely due to declining mortgage sales. Shareholders' equity stood at $93.7 million, with a dividend of $0.31 per share yielding 3.3% based on the closing price of $38.00.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a cash dividend of $0.31 per share on its common stock, payable on June 21, 2022. The record date for shareholders is set for June 6, 2022. CSB Bancorp is a financial holding company based in Millersburg, Ohio, with a total asset value of approximately $1.1 billion. The company operates through its wholly-owned subsidiary, The Commercial Savings Bank, offering a range of banking services through its sixteen banking centers across Ohio.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported first quarter 2022 net income of $2.7 million ($0.99 per share), down from $2.9 million ($1.05 per share) a year ago. Key metrics include a 7% decrease in income before taxes and a decline in return on equity (ROE) to 11.26% from 12.33%. Net interest income fell 2%, primarily due to a 16% drop in loan interest income. Despite these declines, deposit growth remained strong at 3%. The efficiency ratio worsened to 64.0%, and noninterest income decreased 13%.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a cash dividend of $0.31 per share, payable on April 26, 2022. Shareholders of record as of April 18, 2022 will receive this dividend. CSB Bancorp is a $1.1 billion financial holding company based in Millersburg, Ohio, offering a range of banking and financial services through its subsidiary, The Commercial Savings Bank. The company operates 16 banking centers across multiple counties in Ohio.
CSB Bancorp (OTC Pink: CSBB) reported a fourth-quarter net income of $2.3 million, or $0.85 per share, down from $2.68 million, or $0.97 per share, a year prior. The annual net income rose 3% to $10.8 million. Key metrics include a return on equity of 9.41%, down from 11.45%, and a return on assets of 0.80%, down from 1.05%. Loan interest income declined by 15%, attributed to a $75 million drop in average total loan balances. Deposit growth was strong, increasing 3.5% to over $1 billion. The company declared a dividend of $0.31 per share, yielding 3.3%.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a $0.31 per share cash dividend for the fourth quarter, scheduled for payment on December 21, 2021. Shareholders of record as of December 7, 2021 will receive this dividend. Headquartered in Millersburg, Ohio, CSB Bancorp is a $1.1 billion financial holding company offering various banking services via its subsidiary, The Commercial Savings Bank, with 16 banking centers across several Ohio counties.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported a net income of $2.9 million for Q3 2021, yielding $1.06 per share, up from $2.8 million in Q3 2020. Despite a 3% increase in income before federal income tax, key metrics showed a decline: ROE at 11.79% down from 12.19%, and ROA at 1.03% vs 1.14%. Total loan balances fell $90 million year-over-year, influenced by reduced loan demand and declining PPP balances. Noninterest income decreased 5%, primarily from reduced mortgage sales. The average deposit grew 17% to $139 million.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a third quarter cash dividend of $0.31 per share, reflecting a $0.01 increase from the previous quarter. This dividend is payable on October 26, 2021, to shareholders of record as of October 5, 2021. CSB Bancorp, a financial holding company with approximately $1.1 billion in assets, offers a range of banking services through its subsidiary, The Commercial Savings Bank, across multiple counties in Ohio.
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