$CSBB

CSB BANCORP INC /OH

CIK:0000880417|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST AND DIVIDEND INCOME
Loans, including fees	$ 12,998	$ 11,497	$ 25,524	$ 22,372
Taxable securities	1,885	1,678	3,847	3,473
Nontaxable securities	65	75	129	150
Other	476	678	894	1,214
Total interest and dividend income	15,424	13,928	30,394	27,209
INTEREST EXPENSE
Deposits	3,486	3,515	6,924	7,042
Short-term borrowings	57	62	120	129
Other borrowings	5	6	9	12
Total interest expense	3,548	3,583	7,053	7,183
NET INTEREST INCOME	11,876	10,345	23,341	20,026
Provision for credit loss expense - loans	609	639	1,093	1,047
Provision for (recovery of) credit loss expense - off-balance sheet commitments	(24)	(25)	(13)	(31)
Total provision for credit loss expense	585	614	1,080	1,016
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE	11,291	9,731	22,261	19,010
NONINTEREST INCOME
Gain on sale of loans, net	75	81	127	130
Earnings on bank owned life insurance	266	229	521	445
Unrealized gain on equity securities	17	6	41	6
Other income	188	195	371	388
Total noninterest income	1,952	1,777	3,824	3,473
NONINTEREST EXPENSES
Salaries and employee benefits	4,249	3,921	8,482	7,618
Occupancy expense	336	352	684	708
Equipment expense	210	223	418	429
Professional and director fees	411	392	869	805
Financial institutions tax	252	233	505	463
Marketing and public relations	153	154	284	259
Software expense	524	441	1,045	844
Debit card expense	221	198	429	409
FDIC insurance expense	143	135	290	285
Other expenses	844	829	1,642	1,539
Total noninterest expenses	7,343	6,878	14,648	13,359
Income before income taxes	5,900	4,630	11,437	9,124
FEDERAL INCOME TAX PROVISION	1,165	903	2,258	1,781
NET INCOME	$ 4,735	$ 3,727	$ 9,179	$ 7,343
Basic net earnings per share	$ 1.8	$ 1.41	$ 3.49	$ 2.78
Diluted net earnings per share	$ 1.8	$ 1.41	$ 3.49	$ 2.78
Deposit Account [Member]
NONINTEREST INCOME
Noninterest income	$ 325	$ 297	$ 631	$ 592
Fiduciary and Trust [Member]
NONINTEREST INCOME
Noninterest income	289	268	607	546
Debit Card [Member]
NONINTEREST INCOME
Noninterest income	599	550	1,142	1,065
Credit Card [Member]
NONINTEREST INCOME
Noninterest income	$ 193	$ 151	$ 384	$ 301

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
NET CASH PROVIDED BY OPERATING ACTIVITIES	$ 9,739	$ 7,534
Securities:
Proceeds from repayments, available-for-sale	14,260	22,745
Proceeds from repayments, held-to-maturity	8,665	9,200
Purchases, available-for-sale	(3,942)	(4,981)
Purchase, equity securities	(5)
Loan (originations) and payments, net	(39,505)	(50,758)
Property, equipment, and software acquisitions	(502)	(221)
Net cash used in investing activities	(21,029)	(24,015)
FINANCING ACTIVITIES
Net increase in deposits	5,492	44,457
Net change in short-term borrowings	(9,503)	(3,319)
Repayment of other borrowings	(223)	(301)
Cash dividends paid	(2,259)	(2,139)
Purchase of treasury shares		(436)
Net cash (used in) provided by financing activities	(6,493)	38,262
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(17,783)	21,781
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	99,310	73,509
CASH AND CASH EQUIVALENTS AT END OF PERIOD	81,527	95,290
Cash paid during the year for:
Interest	7,054	7,207
Income taxes	$ 2,780	$ 1,600

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Cash and cash equivalents
Cash and due from banks	$ 24,345	$ 17,731
Interest-earning deposits in other banks	56,804	81,332
Federal funds sold	378	247
Total cash and cash equivalents	81,527	99,310
Securities
Available-for-sale, at fair value	121,067	132,217
Held-to-maturity; fair value of $151,607 in 2026 and $161,052 in 2025 ($0 credit loss allowance for 2026 and 2025)	174,421	183,145
Equity securities	325	279
Restricted stock, at cost	1,645	1,645
Total securities	297,458	317,286
Loans held for sale	150	213
Loans	869,348	829,778
Less allowance for credit losses	13,528	12,470
Net loans	855,820	817,308
Premises and equipment, net	13,604	13,577
Bank-owned life insurance	31,689	31,168
Goodwill	4,728	4,728
Accrued interest receivable and other assets	9,240	9,146
TOTAL ASSETS	1,294,216	1,292,736
Deposits
Noninterest-bearing	287,118	288,947
Interest-bearing	846,289	838,968
Total deposits	1,133,407	1,127,915
Short-term borrowings	22,014	31,517
Other borrowings	694	917
Allowance for credit losses on off-balance sheet commitments	583	596
Accrued interest payable and other liabilities	4,888	5,511
Total liabilities	1,161,586	1,166,456
SHAREHOLDERS' EQUITY
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding 2,627,015 shares in 2026 and 2025	18,629	18,629
Additional paid-in capital	9,815	9,815
Retained earnings	119,066	112,146
Treasury stock at cost: 353,587 shares in 2026 and 2025	(9,293)	(9,293)
Accumulated other comprehensive loss	(5,587)	(5,017)
Total shareholders' equity	132,630	126,280
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,294,216	$ 1,292,736