$CSBA

CSB Financial Inc.

CIK:0002114521|SEC Filings

CONDENSED STATEMENTS OF INCOME - USD ($)	3 Months Ended		6 Months Ended
CONDENSED STATEMENTS OF INCOME - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest income
Loans, including fees	$ 1,419,308	$ 1,354,250	$ 2,822,947	$ 2,454,780
Investment securities	48,520	48,719	97,102	93,990
Interest-bearing deposits and other	56,284	49,910	122,712	96,179
Total interest income	1,524,112	1,452,879	3,042,761	2,644,949
Interest expense
Deposits	505,097	472,623	999,645	906,223
Borrowings	81,457	99,475	190,492	135,139
Total interest expense	586,554	572,098	1,190,137	1,041,362
Net interest income	937,558	880,781	1,852,624	1,603,587
Provision for (recovery of) credit losses	0	12,940	0	12,940
Net interest income after provision	937,558	867,841	1,852,624	1,590,647
Noninterest income
Service fees on deposits	7,843	7,033	14,550	14,069
Loan servicing fees	8,559	7,384	16,538	14,375
Increase in cash surrender value of BOLI	17,391	16,961	34,248	33,469
Gain on sale of loans		5,033		5,033
Other income	2,896	9,756	10,290	18,078
Total noninterest income	36,689	46,167	75,626	85,024
Noninterest expense
Salaries and employee benefits	467,897	427,664	1,005,561	837,346
Directors fees	41,602	38,603	83,205	77,205
Occupancy and equipment	42,146	29,753	86,167	61,554
Data processing fees	58,736	83,967	128,984	175,197
Franchise taxes	25,351	25,901	50,702	52,901
FDIC insurance premiums	12,036	10,063	24,072	19,724
Professional services	16,507	16,056	32,723	32,112
Advertising	4,788	4,788	9,576	9,576
Other	102,408	83,671	205,308	158,034
Total noninterest expense	771,471	720,466	1,626,298	1,423,649
Income before income taxes	202,776	193,542	301,952	252,022
Provision for income taxes	33,622	31,560	46,067	32,910
Net income	$ 169,154	$ 161,982	$ 255,885	$ 219,112

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 255,885	$ 219,112
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation	37,983	25,251
Amortization and accretion of investments, net	4,325	11,419
Amortization and accretion of fair value discount, net	(2,400)	(2,557)
Amortization of intangible assets	6,022	10,241
Deferred loan fees	(2,060)	39,923
Deferred income tax provision	30,483	32,910
Increase in cash surrender value on bank owned life insurance	(34,248)	(33,469)
Amortization of right-of-use asset	3,981	4,111
(Increase) decrease in interest receivable	(55,441)	(111,042)
Other assets	(862,098)	(29,190)
Other liabilities	119,287	(49,242)
Net cash flows (used in) provided by operating activities	(498,281)	117,467
Cash flows from investing activities:
Proceeds from maturities and paydowns of available-for-sale securities	118,302	120,736
Net decrease (increase) in loans	690,743	(18,598,351)
Purchase of Federal Home Loan Bank stock		(322,900)
Purchases of premises and equipment	(9,354)	(3,071)
Net cash flows provided by (used in) investing activities	799,691	(18,803,586)
Cash flows from financing activities:
Net increase in customer deposits	12,249,805	11,576,704
Advances and deposits by borrowers	(3,046)	(345,890)
Proceeds from borrowings		7,900,000
Payments on borrowings	(3,200,000)
Net cash flows provided by (used in) financing activities	9,046,759	19,130,814
Net change in cash and cash equivalents	9,348,169	444,695
Cash and cash equivalents at beginning of year	6,428,668	5,278,477
Cash and cash equivalents at end of year	15,776,837	5,723,172
Supplemental cash flow information:
Interest paid	1,138,401	$ 1,038,690
Lease liabilities arising from obtained right of use assets	$ 24,675

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and due from banks	$ 307,366	$ 275,464
Interest-bearing deposits in other financial institutions	15,469,471	6,153,204
Cash and cash equivalents	15,776,837	6,428,668
Available-for-sale securities	5,399,403	5,538,692
Loans receivable	92,308,006	92,991,369
Allowance for credit losses	(438,595)	(435,675)
Net loans	91,869,411	92,555,694
Premises and equipment	532,976	561,605
Federal Home Loan Bank stock	599,500	599,500
Bank owned life insurance	3,101,855	3,067,607
Accrued interest receivable	480,000	424,559
Net deferred federal income taxes	491,398	518,381
Other assets	1,384,547	507,777
Total assets	119,635,927	110,202,483
Liabilities
Demand deposits	22,999,697	10,863,097
Savings and money market	24,496,314	24,041,834
Time deposits	46,907,995	47,249,270
Total deposits	94,404,006	82,154,201
Advances from the Federal Home Loan Bank	7,400,000	10,600,000
Advances by borrowers for taxes and insurance	579,030	582,076
Allowance for credit losses on off-balance sheet credit exposures	5,073	5,073
Accrued interest payable and other liabilities	1,211,075	1,067,113
Total liabilities	103,599,184	94,408,463
Stockholders' Equity
Retained earnings	16,152,717	15,896,832
Accumulated other comprehensive loss	(115,974)	(102,812)
Total equity	16,036,743	15,794,020
Total liabilities and equity	$ 119,635,927	$ 110,202,483