Q1false0000880417--12-31CSB BANCORP INC /OHNONE0000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2025-03-310000880417us-gaap:FairValueInputsLevel3Membercsbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerMortgageMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000880417us-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FiduciaryAndTrustMember2025-01-012025-03-310000880417csbb:RestrictedStockEquitySecuritiesMember2024-12-310000880417us-gaap:AdditionalPaidInCapitalMember2023-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417csbb:CommercialConstructionMemberus-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:RestrictedStockEquitySecuritiesMember2025-03-310000880417csbb:NonHomogeneousLoansMember2024-12-3100008804172024-03-310000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerMortgageMember2025-03-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialAndIndustrialMember2025-03-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-03-310000880417us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-3100008804172024-12-310000880417us-gaap:PassMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2025-03-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerMortgageMember2025-03-310000880417csbb:BlanketLiensMember2024-12-310000880417us-gaap:CreditCardMember2025-01-012025-03-310000880417csbb:ConsumerMortgageMember2024-03-310000880417csbb:CommercialLessorsOfBuildingsMember2024-03-310000880417csbb:NonAgencyDebtSecuritiesMembercsbb:NonRatedDebtSecuritiesMember2025-03-310000880417csbb:CommercialAndIndustrialMember2025-03-310000880417us-gaap:PassMembercsbb:CommercialAndIndustrialMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310000880417us-gaap:AssetBackedSecuritiesMember2025-03-310000880417csbb:CommercialLessorsOfBuildingsMember2025-03-310000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembersrt:HotelMember2025-03-310000880417us-gaap:CreditConcentrationRiskMembercsbb:ManufacturersOfAnimalFoodMemberus-gaap:LoansReceivableMember2025-03-310000880417us-gaap:TreasuryStockCommonMember2024-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2024-12-310000880417us-gaap:USTreasurySecuritiesMembercsbb:AaaOrAaOrARatingMember2025-03-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-03-310000880417csbb:CommercialLessorsOfBuildingsMember2024-12-310000880417us-gaap:RetainedEarningsMember2024-03-310000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417csbb:CommercialAndIndustrialMember2023-12-310000880417us-gaap:ConstructionLoansMember2024-12-310000880417us-gaap:FinancialAssetPastDueMembercsbb:CommercialAndIndustrialMember2025-03-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMember2025-03-310000880417us-gaap:RetainedEarningsMember2024-01-012024-03-310000880417us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2024-12-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetNotPastDueMember2025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2025-03-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerMortgageMember2025-03-310000880417csbb:NonHomogeneousLoansMember2024-01-012024-12-310000880417csbb:ConsumerMortgageMember2025-03-310000880417us-gaap:FinancialAssetNotPastDueMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310000880417us-gaap:HomeEquityMember2024-03-310000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310000880417us-gaap:ConstructionLoansMember2023-12-310000880417csbb:ResidentialConsumerLoansMember2024-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:CarryingReportedAmountFairValueDisclosureMembercsbb:MortgageServicingRightsMember2025-03-310000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:ManufacturersOfAnimalFoodMember2025-01-012025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:RealEstateMember2025-03-310000880417csbb:BlanketLiensMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMember2025-03-310000880417us-gaap:CreditCardMember2024-01-012024-03-310000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000880417us-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:FairValueInputsLevel3Membercsbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000880417csbb:CommercialConstructionMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-03-310000880417us-gaap:EquitySecuritiesMember2024-12-310000880417csbb:ConsumerIndirectMember2025-03-310000880417csbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ConsumerIndirectMember2024-12-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ConstructionLoansMember2025-03-310000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000880417us-gaap:EquitySecuritiesMember2025-01-012025-03-310000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:ConsumerInstallmentMember2023-12-310000880417csbb:CommercialAndIndustrialMember2024-01-012024-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMember2025-03-310000880417csbb:ConsumerIndirectMember2024-01-012024-03-310000880417us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310000880417csbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2025-03-310000880417csbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417csbb:ConsumerIndirectMember2025-01-012025-03-310000880417csbb:CommercialAndIndustrialMember2024-03-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:CommercialAndIndustrialMember2025-03-310000880417us-gaap:FairValueMeasurementsRecurringMember2025-03-3100008804172023-12-310000880417us-gaap:FinancialAssetPastDueMemberus-gaap:ConstructionLoansMember2025-03-310000880417us-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerMortgageMember2025-03-310000880417us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417csbb:ResidentialConsumerLoansMember2024-01-012024-12-310000880417us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialLessorsOfBuildingsMember2024-12-3100008804172025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMember2024-12-310000880417us-gaap:AdditionalPaidInCapitalMember2024-12-310000880417us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417csbb:CommercialConstructionMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMemberus-gaap:PerformingFinancingReceivableMember2025-03-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310000880417csbb:ConsumerIndirectMember2023-12-310000880417csbb:CommercialRealEstateAndCommercialLessorsMembercsbb:ResidentialInvestmentPropertyMember2025-03-310000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2024-12-3100008804172024-01-012024-03-310000880417us-gaap:DepositAccountMember2025-01-012025-03-310000880417us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000880417csbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:USTreasurySecuritiesMember2025-03-310000880417us-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:USTreasurySecuritiesMember2024-12-310000880417csbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2025-03-310000880417csbb:UsTreasurySecuritiesAndUsGovernmentSponsoredAgencyBondsMember2025-03-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2025-03-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:CommonStockMember2025-03-310000880417us-gaap:ConstructionLoansMember2025-03-310000880417us-gaap:SpecialMentionMembercsbb:CommercialAndIndustrialMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2025-03-310000880417us-gaap:EquitySecuritiesMember2025-03-310000880417us-gaap:AssetBackedSecuritiesMember2024-12-310000880417csbb:CommercialConstructionMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417csbb:ConsumerInstallmentMember2024-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2024-01-012024-12-310000880417csbb:ConsumerInstallmentMember2024-01-012024-03-310000880417csbb:RetailStripCentersMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417csbb:BlanketLiensMembercsbb:CommercialAndIndustrialMember2024-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMember2024-12-310000880417us-gaap:FinancialAssetPastDueMember2025-03-310000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembersrt:HotelMember2025-01-012025-03-310000880417csbb:CommercialLessorsOfBuildingsMember2025-01-012025-03-310000880417us-gaap:FairValueMeasurementsNonrecurringMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-03-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-310000880417us-gaap:FinancialAssetPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2024-12-310000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:RealEstateMember2024-12-310000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:LessorsOfNonResidentialBuildingsMember2025-03-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:ResidentialConsumerLoansMember2025-01-012025-03-310000880417us-gaap:SubstandardMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000880417us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-03-310000880417us-gaap:CommonStockMember2023-12-310000880417us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417us-gaap:RetainedEarningsMember2023-12-310000880417us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-03-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417csbb:RetailStoreMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417csbb:CommercialLessorsOfBuildingsMember2023-12-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000880417us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-03-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-12-310000880417us-gaap:DomesticCorporateDebtSecuritiesMember2024-12-310000880417us-gaap:HealthCareMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2025-03-310000880417csbb:CommercialAndIndustrialMember2025-01-012025-03-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:RealEstateMember2024-12-310000880417us-gaap:TreasuryStockCommonMember2023-12-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-03-310000880417us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:DebitCardMember2024-01-012024-03-310000880417us-gaap:HomeEquityMember2024-01-012024-03-310000880417us-gaap:DepositAccountMember2024-01-012024-03-310000880417csbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000880417us-gaap:TreasuryStockCommonMember2024-12-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-12-310000880417csbb:CommercialConstructionMemberus-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2025-03-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetPastDueMember2025-03-310000880417us-gaap:USStatesAndPoliticalSubdivisionsMember2025-03-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310000880417csbb:ConsumerMortgageMember2024-01-012024-03-310000880417us-gaap:HomeEquityMember2025-03-310000880417us-gaap:HomeEquityMember2024-12-310000880417csbb:NonAgencyDebtSecuritiesMember2025-03-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialLessorsOfBuildingsMember2025-03-310000880417csbb:BlanketLiensMembercsbb:CommercialAndIndustrialMember2025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-03-310000880417csbb:AutoRepairMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercsbb:ConsumerMortgageMember2025-03-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:CommercialAndIndustrialMember2025-03-310000880417us-gaap:HomeEquityMember2023-12-310000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000880417srt:IndustrialPropertyMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417us-gaap:CommonStockMember2024-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310000880417csbb:CommercialAndIndustrialMembercsbb:NonHomogeneousLoansMember2024-01-012024-12-310000880417us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417csbb:ConsumerInstallmentMember2025-03-310000880417csbb:SeniorHousingMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417csbb:CommercialConstructionMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2025-03-3100008804172025-05-010000880417us-gaap:USTreasurySecuritiesMember2024-12-310000880417csbb:HotelsMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417us-gaap:RetainedEarningsMember2025-01-012025-03-310000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2025-03-310000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:TreasuryStockCommonMember2025-01-012025-03-310000880417us-gaap:ConstructionLoansMember2024-03-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetPastDueMember2024-12-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-03-310000880417us-gaap:RetainedEarningsMember2024-12-310000880417us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000880417us-gaap:EquitySecuritiesMember2024-01-012024-12-310000880417us-gaap:CommonStockMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:LessorsOfNonResidentialBuildingsMember2025-01-012025-03-310000880417us-gaap:FiduciaryAndTrustMember2024-01-012024-03-310000880417csbb:ConsumerMortgageMember2024-12-310000880417csbb:CommercialLessorsOfBuildingsMember2024-01-012024-03-3100008804172025-01-012025-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417csbb:ResidentialConsumerLoansMember2025-03-310000880417us-gaap:PassMembercsbb:CommercialAndIndustrialMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2025-03-310000880417us-gaap:TreasuryStockCommonMember2024-01-012024-03-310000880417csbb:ConsumerMortgageMember2025-01-012025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2025-03-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2025-03-310000880417us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000880417csbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-03-310000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417csbb:ConsumerIndirectMember2024-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:AccountingStandardsUpdate202309Member2025-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:DomesticCorporateDebtSecuritiesMember2025-03-310000880417us-gaap:TreasuryStockCommonMember2025-03-310000880417csbb:ConsumerRealEstateMember2025-03-310000880417us-gaap:RetainedEarningsMember2025-03-310000880417us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMemberus-gaap:PerformingFinancingReceivableMember2025-03-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-03-310000880417us-gaap:DebitCardMember2025-01-012025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2024-01-012024-12-310000880417csbb:CommercialRealEstateAndCommercialLessorsMembersrt:WarehouseMember2025-03-310000880417us-gaap:CarryingReportedAmountFairValueDisclosureMembercsbb:MortgageServicingRightsMember2024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMember2025-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-03-310000880417csbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMember2025-03-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-03-310000880417us-gaap:FairValueMeasurementsNonrecurringMember2025-03-310000880417us-gaap:ConstructionLoansMember2024-01-012024-03-310000880417us-gaap:RealEstateMember2025-03-310000880417csbb:ConsumerMortgageMember2023-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417csbb:ConsumerInstallmentMember2025-01-012025-03-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:NonHomogeneousLoansMember2025-01-012025-03-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2025-03-310000880417us-gaap:HomeEquityMember2025-01-012025-03-310000880417srt:OfficeBuildingMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-03-310000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerInstallmentMember2025-03-310000880417us-gaap:FinancialAssetPastDueMember2024-12-310000880417us-gaap:ConstructionLoansMember2025-01-012025-03-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2024-01-012024-12-310000880417us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:AdditionalPaidInCapitalMember2024-03-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310000880417us-gaap:PassMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2025-03-310000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-03-310000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMember2025-03-310000880417csbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-01-012025-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2025-01-012025-03-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310000880417us-gaap:AdditionalPaidInCapitalMember2025-03-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMember2025-03-31iso4217:USDxbrli:sharesxbrli:purecsbb:Industryxbrli:sharescsbb:Securityiso4217:USD

false0000880417Q2--12-31CSB BANCORP INC /OHNONE0000880417csbb:LessorsOfResidentialBuildingsMemberus-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMember2025-06-300000880417us-gaap:ConstructionLoansMember2025-03-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:TreasuryStockCommonMember2024-03-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-06-300000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2024-12-310000880417us-gaap:TreasuryStockCommonMember2025-03-310000880417us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417csbb:CommercialLessorsOfBuildingsMember2025-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:ConstructionLoansMember2024-03-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000880417csbb:ConsumerIndirectMember2023-12-310000880417csbb:LodgingAndHotelsMemberus-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMember2025-01-012025-06-300000880417us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:RetainedEarningsMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2025-06-300000880417us-gaap:ConstructionLoansMember2025-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:CreditCardMember2025-04-012025-06-300000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:CommercialAndIndustrialMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:DebitCardMember2024-04-012024-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2025-06-300000880417csbb:CommercialAndIndustrialMember2024-04-012024-06-300000880417us-gaap:FairValueInputsLevel2Memberus-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:CreditCardMember2024-01-012024-06-300000880417us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:ManufacturersOfAnimalFoodMember2025-06-300000880417csbb:ConsumerInstallmentMember2025-01-012025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:DepositAccountMember2025-01-012025-06-300000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:HomeEquityMember2025-03-310000880417csbb:CommercialAndIndustrialMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2025-06-300000880417csbb:NonAgencyDebtSecuritiesMembercsbb:NonRatedDebtSecuritiesMember2025-06-300000880417us-gaap:DepositAccountMember2024-04-012024-06-300000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310000880417us-gaap:EquitySecuritiesMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2025-06-300000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerMortgageMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-06-300000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2025-06-300000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2025-06-300000880417csbb:CommercialAndIndustrialMember2025-04-012025-06-300000880417us-gaap:FairValueMeasurementsNonrecurringMember2025-06-300000880417us-gaap:EquitySecuritiesMember2025-01-012025-06-300000880417us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:CommonStockMember2024-12-310000880417us-gaap:CommonStockMember2025-03-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2025-01-012025-06-300000880417us-gaap:FinancialAssetPastDueMembercsbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417csbb:CommercialLessorsOfBuildingsMember2024-12-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:USTreasurySecuritiesMember2024-12-310000880417csbb:ConsumerMortgageMember2024-01-012024-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:FiduciaryAndTrustMember2024-04-012024-06-300000880417csbb:BlanketLiensMember2024-12-310000880417us-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-06-300000880417us-gaap:SubstandardMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2025-06-300000880417csbb:CommercialAndIndustrialMember2023-12-310000880417csbb:RetailStoreMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-300000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-06-300000880417csbb:AaaOrAaOrARatingMemberus-gaap:USTreasurySecuritiesMember2025-06-300000880417us-gaap:RetainedEarningsMember2024-01-012024-06-300000880417csbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-04-012024-06-300000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerInstallmentMember2025-06-300000880417us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-03-310000880417us-gaap:RetainedEarningsMember2025-03-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMember2025-06-300000880417csbb:ConsumerIndirectMember2024-01-012024-06-300000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMemberus-gaap:PerformingFinancingReceivableMember2025-06-300000880417csbb:CommercialConstructionMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2025-01-012025-06-300000880417us-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300000880417csbb:UsTreasurySecuritiesAndUsGovernmentSponsoredAgencyBondsMember2025-06-300000880417us-gaap:FairValueMeasurementsNonrecurringMember2024-12-310000880417us-gaap:USTreasurySecuritiesMember2024-12-310000880417csbb:CommercialAndIndustrialMembercsbb:NonHomogeneousLoansMember2025-01-012025-06-300000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:LessorsOfNonResidentialBuildingsMember2025-01-012025-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerInstallmentMember2025-06-300000880417us-gaap:TreasuryStockCommonMember2024-06-300000880417csbb:ConsumerInstallmentMember2025-06-300000880417us-gaap:CommonStockMember2023-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2025-06-300000880417us-gaap:HomeEquityMember2024-04-012024-06-300000880417us-gaap:RetainedEarningsMember2024-06-300000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417csbb:ConsumerInstallmentMember2024-03-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-06-300000880417us-gaap:CarryingReportedAmountFairValueDisclosureMembercsbb:MortgageServicingRightsMember2024-12-310000880417us-gaap:HomeEquityMember2024-06-300000880417csbb:NonHomogeneousLoansMember2025-01-012025-06-300000880417us-gaap:ConstructionLoansMember2024-01-012024-06-300000880417us-gaap:AdditionalPaidInCapitalMember2024-03-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerMortgageMember2025-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2025-01-012025-06-300000880417us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2025-06-300000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercsbb:ConsumerMortgageMember2024-12-3100008804172025-01-012025-06-300000880417us-gaap:TreasuryStockCommonMember2025-06-300000880417csbb:ResidentialConsumerLoansMember2024-12-310000880417us-gaap:TreasuryStockCommonMember2024-12-310000880417csbb:RestrictedStockEquitySecuritiesMember2025-06-300000880417csbb:ConsumerIndirectMember2025-03-310000880417csbb:CommercialLessorsOfBuildingsMember2024-03-310000880417us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000880417us-gaap:ConstructionLoansMember2025-01-012025-06-300000880417csbb:RestrictedStockEquitySecuritiesMember2024-12-310000880417us-gaap:ConstructionLoansMember2024-06-300000880417csbb:BlanketLiensMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ConsumerIndirectMember2024-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000880417csbb:ResidentialConsumerLoansMember2025-01-012025-06-300000880417csbb:LodgingAndHotelsMemberus-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMember2025-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:SeniorHousingMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-300000880417us-gaap:HomeEquityMember2025-06-300000880417csbb:ConsumerInstallmentMember2024-04-012024-06-300000880417csbb:ConsumerIndirectMember2024-04-012024-06-300000880417csbb:CommercialLessorsOfBuildingsMember2023-12-310000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerMortgageMember2025-06-300000880417us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-3100008804172024-03-3100008804172024-01-012024-06-300000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300000880417csbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:HomeEquityMember2025-04-012025-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-04-012025-06-300000880417csbb:ConsumerIndirectMember2025-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300000880417us-gaap:EquitySecuritiesMember2024-12-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-06-300000880417csbb:CommercialConstructionMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2025-06-300000880417csbb:RetailStripCentersMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-3000008804172025-08-010000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310000880417csbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417csbb:CommercialConstructionMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:AssetBackedSecuritiesMember2025-06-300000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2025-06-300000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetPastDueMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2024-12-310000880417csbb:ConsumerMortgageMember2025-01-012025-06-300000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:TreasuryStockCommonMember2025-04-012025-06-300000880417csbb:CommercialLessorsOfBuildingsMember2024-04-012024-06-300000880417us-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417csbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMember2025-06-300000880417csbb:CommercialAndIndustrialMember2024-01-012024-06-3000008804172023-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetNotPastDueMember2025-06-300000880417us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2025-06-300000880417us-gaap:FiduciaryAndTrustMember2025-01-012025-06-300000880417us-gaap:RetainedEarningsMember2023-12-310000880417csbb:CommercialAndIndustrialMember2024-03-310000880417us-gaap:USStatesAndPoliticalSubdivisionsMember2025-06-300000880417us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417csbb:LessorsOfResidentialBuildingsMemberus-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMember2025-01-012025-06-300000880417csbb:CommercialAndIndustrialMember2024-06-300000880417csbb:ConsumerIndirectMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310000880417us-gaap:HomeEquityMember2024-03-310000880417csbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:CommonStockMember2025-06-300000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-06-300000880417us-gaap:RetainedEarningsMember2025-04-012025-06-300000880417us-gaap:DepositAccountMember2024-01-012024-06-300000880417us-gaap:EquitySecuritiesMember2024-01-012024-12-310000880417us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2025-06-300000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetPastDueMember2025-06-300000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417us-gaap:HomeEquityMember2024-12-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2025-01-012025-06-300000880417us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300000880417csbb:CommercialRealEstateAndCommercialLessorsMembercsbb:AnimalFeedProductionMember2025-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-06-300000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2025-06-300000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:LessorsOfNonResidentialBuildingsMember2025-06-300000880417csbb:ConsumerInstallmentMember2025-03-310000880417csbb:CommercialLessorsOfBuildingsMember2024-01-012024-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2025-04-012025-06-300000880417us-gaap:RealEstateMember2025-06-300000880417csbb:ConsumerIndirectMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310000880417us-gaap:DebitCardMember2024-01-012024-06-300000880417csbb:ResidentialConsumerLoansMember2024-01-012024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2025-06-300000880417us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417csbb:AaaOrAaOrARatingMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417us-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-06-300000880417csbb:ConsumerInstallmentMember2024-06-300000880417csbb:ResidentialConsumerLoansMember2025-06-300000880417us-gaap:AdditionalPaidInCapitalMember2024-12-310000880417us-gaap:RealEstateMember2024-12-310000880417us-gaap:DomesticCorporateDebtSecuritiesMember2024-12-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2025-06-300000880417csbb:CommercialLessorsOfBuildingsMember2025-04-012025-06-300000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-12-3100008804172024-06-300000880417csbb:ConsumerMortgageMember2025-03-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:DomesticCorporateDebtSecuritiesMember2025-06-300000880417us-gaap:AdditionalPaidInCapitalMember2023-12-310000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417csbb:ConsumerMortgageMember2025-04-012025-06-300000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:CarryingReportedAmountFairValueDisclosureMembercsbb:MortgageServicingRightsMember2025-06-300000880417csbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel3Membercsbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercsbb:ConsumerMortgageMember2025-06-300000880417csbb:CommercialLessorsOfBuildingsMember2025-01-012025-06-300000880417csbb:ConsumerInstallmentMember2024-01-012024-06-300000880417us-gaap:PassMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300000880417csbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:CommonStockMember2024-03-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2024-01-012024-12-310000880417us-gaap:ConstructionLoansMember2025-04-012025-06-300000880417csbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-01-012024-12-310000880417us-gaap:FinancialAssetNotPastDueMember2024-12-310000880417us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-06-300000880417us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417csbb:ConsumerMortgageMember2024-06-300000880417us-gaap:RetainedEarningsMember2025-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:AdditionalPaidInCapitalMember2025-06-300000880417csbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2025-06-300000880417us-gaap:FinancialAssetPastDueMember2025-06-300000880417us-gaap:FiduciaryAndTrustMember2024-01-012024-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMember2025-06-300000880417csbb:ConsumerInstallmentMember2023-12-310000880417us-gaap:DebitCardMember2025-04-012025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2025-03-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:DepositAccountMember2025-04-012025-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-03-310000880417csbb:BlanketLiensMembercsbb:CommercialAndIndustrialMember2025-06-300000880417us-gaap:DebitCardMember2025-01-012025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:RealEstateMember2024-12-310000880417csbb:ConsumerRealEstateMember2025-06-300000880417csbb:ConsumerMortgageMember2023-12-310000880417us-gaap:USTreasurySecuritiesMember2025-06-300000880417us-gaap:RetainedEarningsMember2024-04-012024-06-300000880417us-gaap:FinancialAssetPastDueMembercsbb:ConsumerInstallmentMember2025-06-300000880417us-gaap:FinancialAssetPastDueMember2024-12-310000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-06-3000008804172025-04-012025-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMemberus-gaap:PerformingFinancingReceivableMember2025-06-3000008804172024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialLessorsOfBuildingsMember2024-12-3100008804172024-04-012024-06-300000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerInstallmentMember2025-06-300000880417us-gaap:TreasuryStockCommonMember2024-04-012024-06-300000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2024-01-012024-12-310000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:ConsumerMortgageMember2025-06-300000880417us-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300000880417us-gaap:TreasuryStockCommonMember2024-01-012024-06-300000880417us-gaap:HomeEquityMembercsbb:ResidentialConsumerLoansMember2025-06-300000880417csbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300000880417csbb:CommercialLessorsOfBuildingsMember2025-03-310000880417us-gaap:RetainedEarningsMember2024-03-310000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310000880417csbb:CommercialConstructionMemberus-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2025-06-300000880417csbb:NonHomogeneousLoansMember2024-01-012024-12-3100008804172025-06-300000880417srt:IndustrialPropertyMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-300000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2025-06-300000880417csbb:AaaOrAaOrARatingMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310000880417us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-06-300000880417us-gaap:SpecialMentionMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:ConsumerMortgageMember2024-03-310000880417us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:CommonStockMember2024-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:RealEstateMember2025-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2025-06-300000880417us-gaap:SpecialMentionMembercsbb:CommercialLessorsOfBuildingsMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2025-06-300000880417csbb:CommercialLessorsOfBuildingsMember2024-06-300000880417csbb:CommercialConstructionMemberus-gaap:SubstandardMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialLessorsOfBuildingsMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-06-300000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300000880417csbb:AaaOrAaOrARatingMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-06-300000880417csbb:CommercialRealEstateAndCommercialLessorsMembercsbb:ResidentialInvestmentPropertyMember2025-06-300000880417us-gaap:HomeEquityMember2024-01-012024-06-300000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2025-06-300000880417us-gaap:AccountingStandardsUpdate202309Member2025-06-300000880417us-gaap:ConstructionLoansMember2024-04-012024-06-300000880417us-gaap:CreditCardMember2025-01-012025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2025-06-300000880417us-gaap:CreditCardMember2024-04-012024-06-300000880417us-gaap:FairValueMeasurementsNonrecurringMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300000880417us-gaap:AdditionalPaidInCapitalMember2024-06-300000880417us-gaap:ConstructionLoansMember2023-12-310000880417csbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMember2025-06-300000880417csbb:ConsumerMortgageMember2024-12-310000880417csbb:CommercialAndIndustrialMember2025-01-012025-06-300000880417us-gaap:TreasuryStockCommonMember2023-12-310000880417us-gaap:USStatesAndPoliticalSubdivisionsMember2024-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerMortgageMemberus-gaap:PerformingFinancingReceivableMember2024-12-310000880417us-gaap:FairValueInputsLevel3Membercsbb:MortgageServicingRightsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310000880417csbb:HotelsMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-300000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMember2025-06-300000880417us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417csbb:ConsumerInstallmentMember2025-04-012025-06-300000880417csbb:CommercialRealEstateAndCommercialLessorsMembersrt:WarehouseMember2025-06-300000880417csbb:ResidentialConsumerLoansMemberus-gaap:PerformingFinancingReceivableMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerMortgageMember2024-12-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2024-01-012024-12-310000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-06-300000880417us-gaap:FiduciaryAndTrustMember2025-04-012025-06-300000880417us-gaap:TreasuryStockCommonMember2025-01-012025-06-300000880417us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300000880417csbb:ConsumerIndirectMember2025-01-012025-06-300000880417csbb:BlanketLiensMember2025-06-300000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310000880417us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000880417us-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2025-06-300000880417csbb:ConsumerIndirectMember2025-04-012025-06-300000880417us-gaap:RetainedEarningsMember2025-01-012025-06-300000880417us-gaap:PassMembercsbb:NonHomogeneousLoansMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerMortgageMember2025-06-300000880417csbb:ConsumerIndirectMember2024-06-300000880417us-gaap:FinancingReceivables30To59DaysPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:HomeEquityMember2023-12-310000880417us-gaap:FinancialAssetNotPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:FinancingReceivables60To89DaysPastDueMembercsbb:ConsumerInstallmentMember2024-12-310000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMemberus-gaap:PerformingFinancingReceivableMember2024-12-3100008804172025-03-310000880417us-gaap:FinancialAssetNotPastDueMember2025-06-300000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMember2024-12-310000880417us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417us-gaap:AdditionalPaidInCapitalMember2025-03-310000880417us-gaap:DomesticCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310000880417csbb:ConsumerMortgageMember2025-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerConstructionMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417us-gaap:CreditConcentrationRiskMemberus-gaap:LoansReceivableMembercsbb:ManufacturersOfAnimalFoodMember2025-01-012025-06-300000880417us-gaap:ConstructionLoansMember2024-12-310000880417csbb:ConsumerMortgageMember2024-04-012024-06-300000880417csbb:ResidentialConsumerLoansMembercsbb:ConsumerInstallmentMember2024-12-310000880417us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercsbb:NonHomogeneousLoansMember2024-12-310000880417csbb:NonAgencyDebtSecuritiesMember2025-06-300000880417csbb:ConsumerIndirectMembercsbb:ResidentialConsumerLoansMemberus-gaap:NonperformingFinancingReceivableMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2025-06-300000880417us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310000880417us-gaap:FinancialAssetPastDueMembercsbb:CommercialAndIndustrialMember2024-12-310000880417us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300000880417csbb:CommercialConstructionMemberus-gaap:PassMembercsbb:NonHomogeneousLoansMember2024-12-310000880417us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-04-012024-06-300000880417csbb:AutoRepairMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-300000880417us-gaap:SubstandardMembercsbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2024-12-310000880417us-gaap:HealthCareMembercsbb:CommercialRealEstateAndCommercialLessorsMember2025-06-300000880417us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConstructionLoansMember2025-06-300000880417us-gaap:AssetBackedSecuritiesMember2024-12-310000880417csbb:NonHomogeneousLoansMembercsbb:CommercialLessorsOfBuildingsMember2024-12-310000880417csbb:ConsumerIndirectMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-31iso4217:USDxbrli:sharesxbrli:purecsbb:Industryxbrli:sharescsbb:Securityiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: ~~March~~June 3130, 2025


☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 000-21714

CSB Bancorp, Inc.

(Exact Name of Registrant as Specified in its Charter)


Ohio	34-1687530
( State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
91 North Clay Street, P.O. Box 232 Millersburg, OH	44654
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (330) 674-9015

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		TradingSymbol(s)		Name of each exchange on which registered
Common Shares, $6.25 par value		CSBB		~~OTCPink~~OTCID

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒ No ☐

As of ~~May~~August 1, 2025, the registrant had 2,~~638~~637,~~956~~266 shares of common stock, $6.25 par value per share, outstanding.

CSB BANCORP, INC.

FORM 10-Q

QUARTER ENDED ~~March~~June 3130, 2025

Table of Contents

	Part I - Financial Information
		Page
ITEM 1 –	FINANCIAL STATEMENTS (Unaudited)
	Consolidated Balance Sheets	3
	Consolidated Statements of Income	4
	Consolidated Statements of Comprehensive Income	5
	Consolidated Statements of Changes in Shareholders' Equity	6
	Condensed Consolidated Statements of Cash Flows	7
	Notes to Consolidated Financial Statements	8
ITEM 2 –	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	27
ITEM 3 –	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	3335
ITEM 4 –	CONTROLS AND PROCEDURES	3436
	Part II - Other Information
ITEM 1 –	Legal Proceedings	3537
ITEM 1A –	Risk Factors	3537
ITEM 2 –	Unregistered Sales of Equity Securities and Use of Proceeds	3537
ITEM 3 –	Defaults upon Senior Securities	3537
ITEM 4 –	Mine Safety Disclosures	3537
ITEM 5 –	Other Information	3537
ITEM 6 –	Exhibits	3638
	Signatures	3739

CSB BANCORP, INC.

PART I – FINANCIAL INFORMATION

ITEM 1. – FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	March 31,			December 31,
	June 30,			December 31,
(Dollars in thousands, except per share data)	2025			2024
ASSETS
Cash and cash equivalents
Cash and due from banks	$	2227,~~315~~000		$	21,287
Interest-earning deposits in other banks		6568,~~860~~008			52,222
Federal funds sold		~~311~~282			—
Total cash and cash equivalents		8895,~~486~~290			73,509
Securities
Available-for-sale, at fair value		~~119~~110,~~428~~067			125,434
Held-to-maturity; fair value of $172,478 in 2025 and $172,603 in 2024 ($0 credit loss allowance for 2025 and 2024)		200,000			204,309
Held-to-maturity; fair value of $169,744 in 2025 and $172,603 in 2024 ($0 credit loss allowance for 2025 and 2024)		195,048			204,309
Equity securities		~~266~~273			266
Restricted stock, at cost		1,520			1,520
Total securities		~~321~~306,~~214~~908			331,529
Loans held for sale		—			283
Loans		~~761~~788,~~240~~070			737,641
Less allowance for credit losses		78,~~974~~251			7,595
Net loans		~~753~~779,~~266~~819			730,046
Premises and equipment, net		13,~~935~~795			14,069
Bank-owned life insurance		28,~~441~~669			28,225
Goodwill		4,728			4,728
Accrued interest receivable and other assets		8,~~570~~760			9,111
TOTAL ASSETS	$	1,~~218~~237,~~640~~969		$	1,191,500
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits
Noninterest-bearing	$	~~283~~282,~~255~~784		$	281,358
Interest-bearing		~~787~~806,~~522~~560			763,529
Total deposits		1,~~070~~089,~~777~~344			1,044,887
Short-term borrowings		2422,~~981~~364			25,683
Other borrowings		~~1,236~~965			1,266
Allowance for credit losses on off-balance sheet commitments		~~519~~493			524
Accrued interest payable and other liabilities		23,~~792~~120			4,305
TOTAL LIABILITIES		1,~~100~~116,~~305~~286			1,076,665
SHAREHOLDERS' EQUITY
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding 2,641,547 shares in 2025 and 2,650,089 in 2024		18,629			18,629
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding 2,638,921 shares in 2025 and 2,650,089 in 2024		18,629			18,629
Additional paid-in capital		9,815			9,815
Retained earnings		~~105~~108,~~664~~309			103,105
Treasury stock at cost: 339,055 shares in 2025 and 330,513 shares in 2024		(8,622	)		(8,294	)
Treasury stock at cost: 341,681 shares in 2025 and 330,513 shares in 2024		(8,730	)		(8,294	)
Accumulated other comprehensive loss		(76,~~151~~340	)		(8,420	)
TOTAL SHAREHOLDERS' EQUITY		~~118~~121,~~335~~683			114,835
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	1,~~218~~237,~~640~~969		$	1,191,500

See notes to unaudited consolidated financial statements.

CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended March 31,
	Three Months Ended June 30,						Six Months EndedJune 30,
(Dollars in thousands, except per share data)	2025			2024			2025			2024
INTEREST AND DIVIDEND INCOME
Loans, including fees	$	1011,~~875~~497		$	10,~~209~~219		$	22,372		$	20,428
Taxable securities		1,~~795~~678			1,~~890~~817			3,473			3,707
Nontaxable securities		75			88			150			176
Other		~~536~~678			~~369~~379			1,214			748
Total interest and dividend income		13,~~281~~928			12,~~556~~503			27,209			25,059
INTEREST EXPENSE
Deposits		3,~~527~~515			3,~~300~~489			7,042			6,789
Short-term borrowings		6762			~~100~~81			129			181
Other borrowings		6			8			12			16
Total interest expense		3,~~600~~583			3,~~408~~578			7,183			6,986
NET INTEREST INCOME		910,~~681~~345			98,~~148~~925			20,026			18,073
CREDIT LOSS EXPENSE
Provision for credit loss expense - loans		~~408~~639			~~603~~3,697			1,047			4,300
(Recovery) provision for credit loss expense - off-balance sheet commitments		(6	)		549
Recovery of credit loss expense - off-balance sheet commitments		(25	)		(808	)		(31	)		(259	)
Total provision for credit loss expense		~~402~~614			12,~~152~~889			1,016			4,041
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE		9,~~279~~731			76,~~996~~036			19,010			14,032
NONINTEREST INCOME
Service charges on deposit accounts		~~295~~297			~~280~~291			592			571
Trust services		~~278~~268			~~394~~283			546			677
Debit card interchange fees		~~515~~550			~~507~~528			1,065			1,035
Credit card fees		~~150~~151			~~157~~165			301			322
Gain on sale of loans, net		4981			3673			130			109
Earnings on bank owned life insurance		~~216~~229			~~188~~194			445			382
Unrealized loss on equity securities		—			(6	)
Unrealized gain (loss) on equity securities		6			(23	)		6			(29	)
Other income		~~193~~195			~~216~~230			388			446
Total noninterest income		1,~~696~~777			1,~~772~~741			3,473			3,513
NONINTEREST EXPENSES
Salaries and employee benefits		3,~~697~~921			3,~~469~~056			7,618			6,525
Occupancy expense		~~356~~352			~~283~~294			708			577
Equipment expense		~~206~~223			~~224~~201			429			425
Professional and director fees		~~413~~392			~~332~~437			805			769
Financial institutions tax		~~230~~233			216			463			432
Marketing and public relations		~~105~~154			~~128~~142			259			270
Software expense		~~403~~441			~~428~~414			844			842
Debit card expense		~~211~~198			~~189~~193			409			382
FDIC insurance expense		~~150~~135			~~135~~129			285			264
Other expenses		~~710~~829			~~738~~732			1,539			1,470
Total noninterest expenses		6,~~481~~878			65,~~142~~814			13,359			11,956
Income before income taxes		4,~~494~~630			31,~~626~~963			9,124			5,589
FEDERAL INCOME TAX PROVISION		~~878~~903			~~693~~348			1,781			1,041
NET INCOME	$	3,~~616~~727		$	21,~~933~~615		$	7,343		$	4,548
Basic and diluted net earnings per share	$	1.3741		$	10.1061		$	2.78		$	1.71

See notes to unaudited consolidated financial statements

CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended March 31,
	Three Months Ended June 30,						Six Months EndedJune 30,
(Dollars in thousands)	2025			2024			2025			2024
Net income	$	3,~~616~~727		$	21,~~933~~615		$	7,343		$	4,548
Other comprehensive income (loss)
Other comprehensive income
Unrealized gain (loss) on available-for-sale securities arising during the period		1,565			(144	)
Unrealized gain on available-for-sale securities arising during the period		985			291			2,550			147
Amortization of held-to-maturity discount resulting from transfer		4041			4146			81			87
Income tax effect at 21%		(~~336~~215	)		22(71	)		(551	)		(49	)
Other comprehensive income (loss)		1,269			(81	)
Other comprehensive income		811			266			2,080			185
Total comprehensive income	$	4,~~885~~538		$	21,~~852~~881		$	9,423		$	4,733

See notes to unaudited consolidated financial statements.

CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

(Dollars in thousands, except per share data)	Commonstock		Additionalpaid-incapital		Retainedearnings			Treasurystock			Accumulatedothercomprehensiveloss			Total
Three Months Ended March 31, 2025
Three Months Ended June 30, 2025
Balance at beginning of period	$	18,629	$	9,815	$	~~103,~~105,664		$	(8,~~294~~622	)	$	(87,~~420~~151	)	$	~~114~~118,~~835~~335
Net income		—		—		3,~~616~~727			—			—			3,~~616~~727
Other comprehensive income		—		—		—			—			~~1,269~~811			~~1,269~~811
Purchase of 8,542 treasury shares		—		—		—			(328	)		—			(328	)
Purchase of 2,626 treasury shares		—		—		—			(108	)		—			(108	)
Cash dividends declared, $0.40 per share		—		—		(1,057	)		—			—			(1,057	)
Cash dividends declared, $0.41 per share		—		—		(1,082	)		—			—			(1,082	)
Balance at March 31, 2025	$	18,629	$	9,815	$	105,664		$	(8,622	)	$	(7,151	)	$	118,335
Balance at June 30, 2025	$	18,629	$	9,815	$	108,309		$	(8,730	)	$	(6,340	)	$	121,683
Three Months Ended March 31, 2024
Six Months Ended June 30, 2025
Balance at beginning of period	$	18,629	$	9,815	$	97,297		$	(7,532	)	$	(10,270	)	$	107,939
Balance at December 31, 2024	$	18,629	$	9,815	$	103,105		$	(8,294	)	$	(8,420	)	$	114,835
Net income		—		—		27,~~933~~343			—			—			27,~~933~~343
Other comprehensive loss		—		—		—			—			(81	)		(81	)
Other comprehensive income		—		—		—			—			2,080			2,080
Purchase of 5,255 treasury shares		—		—		—			(197	)		—			(197	)
Purchase of 11,168 treasury shares		—		—		—			(436	)		—			(436	)
Cash dividends declared, $0.39 per share		—		—		(1,039	)		—			—			(1,039	)
Cash dividends declared, $0.81 per share		—		—		(2,139	)		—			—			(2,139	)
Balance at March 31, 2024	$	18,629	$	9,815	$	99,191		$	(7,729	)	$	(10,351	)	$	109,555
Balance at June 30, 2025	$	18,629	$	9,815	$	108,309		$	(8,730	)	$	(6,340	)	$	121,683
Three Months Ended June 30, 2024
Balance at beginning of period	$	18,629	$	9,815	$	99,191		$	(7,729	)	$	(10,351	)	$	109,555
Net income		—		—		1,615			—			—			1,615
Other comprehensive income		—		—		—			—			266			266
Purchase of 759 treasury shares		—		—		—			(28	)		—			(28	)
Cash dividends declared, $0.39 per share		—		—		(1,040	)		—			—			(1,040	)
Balance at June 30, 2024	$	18,629	$	9,815	$	99,766		$	(7,757	)	$	(10,085	)	$	110,368
Six Months Ended June 30, 2024
Balance at December 31, 2023	$	18,629	$	9,815	$	97,297		$	(7,532	)	$	(10,270	)	$	107,939
Net income		—		—		4,548			—			—			4,548
Other comprehensive income		—		—		—			—			185			185
Purchase of 6,014 treasury shares		—		—		—			(225	)		-			(225	)
Cash dividends declared, $0.78 per share		—		—		(2,079	)		—			—			(2,079	)
Balance, June 30, 2024	$	18,629	$	9,815	$	99,766		$	(7,757	)	$	(10,085	)	$	110,368

See notes to unaudited consolidated financial statements.

CSB BANCORP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months EndedMarch 31,
	Six Months EndedJune 30,
(Dollars in thousands)	2025			2024
NET CASH PROVIDED BY OPERATING ACTIVITIES	$	37,~~053~~534		$	~~600~~5,989
INVESTING ACTIVITIES
Securities:
Proceeds from repayments, available-for-sale		922,~~587~~745			412,~~896~~720
Proceeds from repayments, held-to-maturity		49,~~280~~200			49,~~153~~318
Purchases, available-for-sale		(24,~~084~~981	)		—
Redemption of FHLB stock		—			515
Loan (originations) and payments, net		(2350,~~538~~758	)		(920,~~177~~560	)
Property, equipment, and software acquisitions		(94221	)		(~~174~~1,029	)
Net cash used in investing activities		(11,849	)		(297	)
Net cash (used in) provided by investing activities		(24,015	)		464
FINANCING ACTIVITIES
Net increase (decrease) in deposits		2544,~~890~~457			(173,~~312~~592	)
Net change in short-term borrowings		(~~702~~3,319	)		(68,~~359~~001	)
Repayment of other borrowings		(30301	)		(54428	)
Cash dividends paid		(12,~~057~~139	)		(12,~~039~~079	)
Purchase of treasury shares		(~~328~~436	)		(~~197~~225	)
Net cash provided by (used in) financing activities		2338,~~773~~262			(2414,~~961~~325	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1421,~~977~~781			(247,~~658~~872	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		73,509			64,077
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	8895,~~486~~290		$	3956,~~419~~205
SUPPLEMENTAL DISCLOSURES
Cash paid during the year for:
Interest	$	37,~~599~~207		$	36,~~366~~927
Income taxes		—1,600			—1,950

See notes to unaudited consolidated financial statements.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the “Bank”) and CSB Investment Services, LLC (together referred to as the “Company” or “CSB”). All significant intercompany transactions and balances have been eliminated in consolidation.

The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company’s financial position at ~~March~~June 3130, 2025, and the results of operations and changes in cash flows for the periods presented have been made.

Certain information and footnote disclosures typically included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted. The Annual Report for CSB for the year ended December 31, 2024, contains Consolidated Financial Statements and related footnote disclosures, which should be read in conjunction with the accompanying condensed Consolidated Financial Statements. The results of operations for the period ended ~~March~~June 3130, 2025 are not necessarily indicative of the operating results for the full year or any future interim period.

Certain items in the prior-year financial statements were reclassified to conform to the current-year presentation. Such reclassifications had no effect on net income or shareholders’ equity.

USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS

In preparing the Consolidated Financial Statements, in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheets and reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. The most significant estimates susceptible to change in the near term relate to management’s determination of the allowance for credit losses and the fair value of financial instruments.

RECENTLY ISSUED ACCOUNTING PRONOUNCMENTS

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which provides for improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This guidance is effective for public business entities for annual periods beginning after December 15, 2024, and for annual periods beginning after December 15, 2025, for all other entities. The Company adopted the new disclosures for the annual periods beginning on January 1, 2025. The Company will include the applicable and relevant required disclosures in the Income Taxes footnote in the Form 10-K.

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures. This ASU requires disclosure in the notes to financial statements of specified information about certain costs and expenses. Specific disclosures are required for (a) purchases of inventory, (b) employee compensation, (c) depreciation, (d) intangible asset amortization, and (e) depreciation, depletion, and amortization recognized as part of oil and gas producing activities. The amendments in this Update do not change or remove current expense disclosure requirements. However, the amendments affect where this information appears in the notes to financial statements because entities are required to include certain current disclosures in the same tabular format disclosure as the other disaggregation requirements in the amendments. The amendments in ASU 2024-03 apply only to public business entities and are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of this new guidance on its financial statements.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 2 – SECURITIES

Securities consisted of the following on ~~March~~June 3130, 2025 and December 31, 2024:

(Dollars in thousands)	AmortizedCost		GrossUnrealizedGains		GrossUnrealizedLosses			Allowance for Credit Losses		FairValue
March 31, 2025
June 30, 2025
Available-for-sale
U.S. Treasury securities	$	113,~~999~~497	$	2—	$	(331	)	$	—	$	113,~~968~~496
U.S. Government agencies		6,000		—		(~~232~~182	)		—		5,~~768~~818
Mortgage-backed securities of government agencies		6968,~~215~~934		~~142~~210		(65,~~057~~497	)		—		63,~~300~~647
Asset-backed securities of government agencies		~~393~~379		—		(510	)		—		~~388~~369
State and political subdivisions		15,~~031~~011		—		(~~709~~567	)		—		14,~~322~~444
Corporate bonds		2422,~~527~~998		89		(~~853~~714	)		—		2322,~~682~~293
Total available-for-sale		~~127~~116,~~165~~819		~~152~~219		(76,~~889~~971	)		—		~~119~~110,~~428~~067
Held-to-maturity
U.S. Treasury securities	$	7,~~865~~877	$	—	$	(~~506~~430	)		—	$	7,~~359~~447
Mortgage-backed securities of government agencies		~~189~~184,~~624~~669		—		(2624,~~802~~704	)		—		~~162~~159,~~822~~965
State and political subdivisions		2,~~511~~502		—		(~~214~~170	)		—		2,~~297~~332
Total held-to-maturity		~~200~~195,~~000~~048		—		(2725,~~522~~304	)		—		~~172~~169,~~478~~744
Equity securities		185		8188		—			—		~~266~~273
Restricted stock		1,520		—		—			—		1,520
Total securities	$	~~328~~313,~~870~~572	$	~~233~~307	$	(3532,~~411~~275	)	$	—	$	~~293~~281,~~692~~604
December 31, 2024
Available-for-sale
U.S. Treasury securities	$	13,487	$	8	$	(81	)	$	—	$	13,414
U.S. Government agencies		6,000		—		(302	)		—		5,698
Mortgage-backed securities of government agencies		69,746		30		(7,078	)		—		62,698
Asset-backed securities of government agencies		404		—		(6	)		—		398
State and political subdivisions		15,051		—		(805	)		—		14,246
Corporate bonds		30,048		5		(1,073	)		—		28,980
Total available-for-sale		134,736		43		(9,345	)		—		125,434
Held-to-maturity
U.S. Treasury securities		7,854		—		(621	)		—		7,233
Mortgage-backed securities of government agencies		193,937		—		(30,862	)		—		163,075
State and political subdivisions		2,518		—		(223	)		—		2,295
Total held-to-maturity		204,309		—		(31,706	)		—		172,603
Equity securities		185		81		—			—		266
Restricted stock		1,520		—		—			—		1,520
Total securities	$	340,750	$	124	$	(41,051	)	$	—	$	299,823

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 2 – SECURITIES (continued)

The amortized cost and fair value of debt securities on ~~March~~June 3130, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(Dollars in thousands)	Amortized cost		Fair value
Available-for-sale
Due in one year or less	$	2313,~~163~~108	$	2213,~~983~~028
Due after one through five years		2122,~~113~~404		2021,~~474~~845
Due after five through ten years		1617,~~601~~089		15,~~423~~937
Due after ten years		6664,~~288~~218		6059,~~548~~257
Total debt securities available-for-sale	$	~~127~~116,~~165~~819	$	~~119~~110,~~428~~067
Held-to-maturity
Due in one year or less	$	2,~~489~~494	$	2,~~444~~467
Due after one through five years		3,305		3,~~120~~154
Due after five through ten years		4,~~693~~678		4,~~202~~255
Due after ten years		~~189~~184,~~513~~571		~~162~~159,~~712~~868
Total debt securities held-to-maturity	$	~~200~~195,~~000~~048	$	~~172~~169,~~478~~744

Securities with a fair value of approximately $~~136 million and $~~134 million were pledged on ~~March~~June 3130, 2025 and December 31, 2024, respectively, to secure public deposits, as well as other deposits and borrowings as required or permitted by law.

Restricted stock primarily consists of investments in Federal Home Loan Bank of Cincinnati (FHLB) and Federal Reserve Bank stock. The Bank’s investment in FHLB stock amounted to approximately $1.0 million on ~~March~~June 3130, 2025 and December 31, 2024. Federal Reserve Bank stock was $471 thousand on ~~March~~June 3130, 2025 and December 31, 2024.

There were no proceeds from sales of securities for the ~~three~~six-month period ended ~~March~~June 3130, 2025 and 2024. All gains and losses recognized on equity securities during the ~~three~~six-month periods were unrealized.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 2 – SECURITIES (continued)

The following table presents gross unrealized losses and fair value of securities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, on ~~March~~June 3130, 2025 and December 31, 2024:

	Securities in a continuous unrealized loss position
	Less than 12 months					12 months or more					Total
(Dollars in thousands)	Grossunrealizedlosses			Fairvalue		Grossunrealizedlosses			Fairvalue		Grossunrealizedlosses			Fairvalue
March 31, 2025
June 30, 2025
Available-for-sale
U.S. Treasury securities	$	—		$	—	$	(331	)	$	81,~~978~~999	$	(331	)	$	81,~~978~~999
U.S. Government agencies		—			—		(~~232~~182	)		5,~~768~~818		(~~232~~182	)		5,~~768~~818
Mortgage-backed securities of government agencies		—			—		(65,~~057~~497	)		4441,~~349~~153		(65,~~057~~497	)		4441,~~349~~153
Asset-backed securities of government agencies		—			—		(510	)		~~388~~369		(510	)		~~388~~369
State and political subdivisions		(134	)		1,~~452~~461		(~~696~~563	)		12,~~560~~203		(~~709~~567	)		1413,~~012~~664
Corporate bonds		—			—		(~~853~~714	)		2220,~~172~~783		(~~853~~714	)		2220,~~172~~783
Total temporarily impaired	$	(134	)	$	1,~~452~~461	$	(76,~~876~~967	)	$	9482,~~215~~325	$	(76,~~889~~971	)	$	9583,~~667~~786
December 31, 2024
Available-for-sale
U.S. Treasury securities	$	—		$	—	$	(81	)	$	8,949	$	(81	)	$	8,949
U.S. Government agencies		—			—		(302	)		5,698		(302	)		5,698
Mortgage-backed securities of government agencies		(88	)		12,944		(6,990	)		45,063		(7,078	)		58,007
Asset-backed securities of government agencies		—			—		(6	)		398		(6	)		398
State and political subdivisions		(19	)		1,446		(786	)		12,800		(805	)		14,246
Corporate bonds		—			—		(1,073	)		27,473		(1,073	)		27,473
Total temporarily impaired	$	(107	)	$	14,390	$	(9,238	)	$	100,381	$	(9,345	)	$	114,771

There were ~~104~~98 securities in an unrealized loss position on ~~March~~June 3130, 2025, ~~100~~94 of which were in a continuous loss position for twelve (12) months or more. Each quarter the Company conducts a comprehensive security-level impairment assessment on the securities portfolio. Management believes the Company will fully recover the cost of these securities. Unrealized losses on the Company’s fixed-rate debt securities are a result of interest rate increases. U.S. Treasury securities and investments in securities of U.S. government sponsored agency bonds comprise $8173 million of total AFS securities. The remaining $3837 million of non-agency debt securities is made up of Corporate Bonds and debt securities to State and Political Subdivisions. For non-agency debt securities, the Company verified the current credit ratings remain above investment grade. Non-rated debt securities total $10 million. Annually, management reviews the credit profile of each non-rated issue and assesses whether any impairment to the contractually obligated cash flow is likely to occur. Based on these reviews, management has concluded the underlying creditworthiness for each security remains sufficient to maintain required payment obligations and, therefore, no allowance for credit losses has been recorded. Management believes the value will recover as the securities approach maturity or market interest rates change.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 2 – SECURITIES (continued)

The Bank monitors the credit quality of held-to-maturity debt securities primarily through utilizing their credit rating. The Bank monitors the credit rating on a quarterly basis. There are no nonperforming held-to-maturity securities. As of ~~March~~June 3130, 2025, no ACL was required for any held-to-maturity security. The majority of the securities are explicitly or implicitly guaranteed by the United States government, and any estimate of expected credit losses would be insignificant to the Bank. The following table summarizes the amortized cost of held-to maturity debt securities at ~~March~~June 3130, 2025 and December 31, 2024, aggregated by credit quality indicator:

(Dollars in thousands)	U.S. Treasury securities		Mortgage- backed securities of government agencies		State and political subdivisions
March 31, 2025
June 30, 2025
Credit rating:
AAA / AA / A	$	7,~~865~~877	$	~~189~~184,~~624~~669	$	2,~~511~~502
BBB / BB / B		—		—		—
Lower than B		—		—		—
Non-rated		—		—		—
Total	$	7,~~865~~877	$	~~189~~184,~~624~~669	$	2,~~511~~502
December 31, 2024
Credit rating:
AAA / AA / A	$	7,854	$	193,937	$	2,518
BBB / BB / B		—		—		—
Lower than B		—		—		—
Non-rated		—		—		—
Total	$	7,854	$	193,937	$	2,518

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS

Loans consisted of the following on ~~March~~June 3130, 2025 and December 31, 2024:

(Dollars in thousands)	~~March~~June 3130,2025			December 31, 2024
Commercial and industrial	$	~~149~~150,~~391~~505		$	144,376
Commercial real estate		~~194~~232,~~863~~866			190,514
Commercial lessors of buildings		~~106~~104,~~703~~844			101,168
Construction		7054,~~198~~596			64,262
Consumer mortgage		~~179~~182,~~702~~782			177,578
Home equity line of credit		4547,~~945~~974			44,971
Consumer installment		9,~~420~~818			9,645
Consumer indirect		54,~~078~~773			5,276
Total loans		~~761~~788,~~300~~158			737,790
Allowance for credit losses		(78,~~974~~251	)		(7,595	)
Deferred loan fees, net		(6088	)		(149	)
Net Loans	$	~~753~~779,~~266~~819		$	730,046

Loan Origination/Risk Management

The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions.

Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. The Company’s management examines current and occasionally projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers; however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable, inventory, and equipment, and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.

Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single industry. Management monitors and evaluates commercial real estate loans based on collateral, geography, and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied.

The top ten collateral exposures in commercial real estate and commercial lessors of buildings at ~~March~~June 3130, 2025 are as follows: Industrial, manufacturing and production $6064 million; warehouse $4039 million: healthcare facilities $3439 million; residential investment property $2930 million; ~~hotels~~animal feed production $1821 million; ~~retail~~hotels ~~strip center~~ $1719 million; auto repair $1518 million; retail ~~stores~~strip center $1317 million; ~~senior~~retail ~~housing~~stores $1216 million; ~~office~~senior ~~buildings~~housing $912 million.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

With respect to loans to developers and builders that are secured by non-owner-occupied properties, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction and land development loans are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates, and financial analysis of the developers and property owners. ~~Construction~~ ~~and~~These ~~land development~~ loans are generally based upon estimates of costs and ~~value~~values associated with the completed project. These estimates may be inaccurate.

Construction and land development loans often involve the disbursement of substantial funds with repayment dependent on the success of the ~~ultimate~~ project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of the developed property, or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risk than other real estate loans due to their ~~ultimate~~ repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions, and the availability of long-term financing.

The Company originates consumer loans utilizing a judgmental underwriting process. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, mitigates risk.

The Company maintains an independent credit department that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures.

Loans serviced for others approximated $135 million and $136 million on ~~March~~June 3130, 2025 and December 31, 2024, respectively.

Concentrations of Credit

Nearly all the Company’s lending activity occurs within the state of Ohio, including the five counties of Holmes, Medina, Stark, Tuscarawas, and Wayne, as well as other markets. The majority of the Company’s loan portfolio consists of commercial and commercial real estate loans. Credit concentrations, including commitments, as determined using North American Industry Classification Codes (NAICS), to the three largest industries compared to total loans on ~~March~~June 3130, 2025, included $8485 million, or 11%, of total loans to lessors of non-residential buildings, $37 million, or 5%, of total loans to manufacturers of animal food, ~~and~~ $2930 million, or 4%, of total loans to lessors of residential buildings and $30 million, or 4% of total loans for lodging and hotels. These loans are generally secured by real property and equipment, with repayment expected from operational cash flow. Credit evaluation is based on a review of cash flow coverage of principal, interest payments, and the adequacy of the collateral received.

Allowance for Credit Losses

The following table details activity in the allowance for credit losses ("ACL") by portfolio segment for the three and six months ended ~~March~~June 3130, 2025 and 2024. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

For the three- and six months ended ~~March~~June 3130, 2025, the increase in the provision for credit losses on commercial real estate loans primarily relates to the increase in loan volume, as well as a charge-off of $301 thousand recognized during the second quarter. The increase in provision for commercial and industrial loans for the six month period primarily relates to ~~the~~loan growth and an increase in nonperforming commercial credit cards during the first quarter of 2025, which has improved in the second quarter and contributed to the second quarter provision decrease in this category. The increase in provision amounts for the remaining ~~commercial and construction~~ loan categories primarily relates to changes in loan ~~growth~~volume.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

For the three- and six months ended ~~March~~ 31June 30, 2024, the increase in the provision for commercial and industrial loans and commercial real estate loans primarily related to one individually evaluated commercial loan relationship which had a collateral ~~advance~~ shortfall. As of June 30, 2024, this loan relationship had a specific reserve of $4.1 million. The remaining provision amounts for the quarter were primarily a result of changes in loan volume and weighted average remaining maturities of the loans in each category.

(Dollars in thousands)	Beginning ACL Balance		Charge-offs			Recoveries		Provision (Recovery) for Credit Losses			Ending ACL Balance
Three Months Ended March 31, 2025
Three Months Ended June 30, 2025
Commercial and industrial	$	23,~~919~~154	$	(2742	)	$	—	$	~~262~~(39	)	$	3,~~154~~073
Commercial real estate		1,~~681~~707		—(301	)		—1		26641			12,~~707~~048
Commercial lessors of buildings		1,~~141~~240		—			—		99(12	)		1,~~240~~228
Construction		~~502~~576		—			—		745			~~576~~581
Consumer mortgage		~~812~~758		—			1—		~~(55~~21	)		~~758~~779
Home equity line of credit		~~205~~193		—			—		(12	)		~~193~~205
Consumer installment		9289		(817	)		43		117			8992
Consumer indirect		~~243~~257		—(8	)		12		13(6	)		~~257~~245
	$	7,~~595~~974	$	(35368	)	$	6	$	~~408~~639		$	78,~~974~~251
Three Months Ended March 31, 2024
Six Months Ended June 30, 2025
Commercial and industrial	$	12,~~737~~919	$	(1169	)	$	7—	$	~~491~~223		$	23,~~224~~073
Commercial real estate		1,~~637~~681		—(301	)		—1		~~(25~~667	)		12,~~612~~048
Commercial lessors of buildings		1,~~200~~141		—			—		~~144~~87			1,~~344~~228
Construction		~~333~~502		—			—		~~(10~~79	)		~~323~~581
Consumer mortgage		~~1,107~~812		—			1		(4034	)		~~1,068~~779
Home equity line of credit		~~288~~205		—			—		(4—	)		~~284~~205
Consumer installment		7692		(1825	)		37		1318			7492
Consumer indirect		~~229~~243		(598	)		3		347			~~207~~245
	$	67,~~607~~595	$	(88403	)	$	1412	$	~~603~~1,047		$	78,~~136~~251
Three Months Ended June 30, 2024
Commercial and industrial	$	2,224	$	(257	)	$	12	$	3,295		$	5,274
Commercial real estate		1,612		—			1		420			2,033
Commercial lessors of buildings		1,344		—			—		(16	)		1,328
Construction		323		—			—		3			326
Consumer mortgage		1,068		—			8		(15	)		1,061
Home equity line of credit		284		—			—		(8	)		276
Consumer installment		74		(17	)		4		13			74
Consumer indirect		207		—			3		5			215
	$	7,136	$	(274	)	$	28	$	3,697		$	10,587
Six Months Ended June 30, 2024
Commercial and industrial	$	1,737	$	(268	)	$	19	$	3,786		$	5,274
Commercial real estate		1,637		—			1		395			2,033
Commercial lessors of buildings		1,200		—			—		128			1,328
Construction		333		—			—		(7	)		326
Consumer mortgage		1,107		—			9		(55	)		1,061
Home equity line of credit		288		—			—		(12	)		276
Consumer installment		76		(35	)		7		26			74
Consumer indirect		229		(59	)		6		39			215
	$	6,607	$	(362	)	$	42	$	4,300		$	10,587

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

Age Analysis of Past-Due Loans Receivable and Nonperforming Loans

The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the past-due status.

(Dollars in thousands)	Current		30-59DaysPastDue		60-89DaysPastDue		90 Days +Past Due		Total Past Due		TotalLoans
March 31, 2025
June 30, 2025
Commercial and industrial	$	~~149~~150,~~362~~485	$	420	$	25—	$	—	$	2920	$	~~149~~150,~~391~~505
Commercial real estate		~~194~~232,~~700~~866		—		~~163~~—		—		~~163~~—		~~194~~232,~~863~~866
Commercial lessors of buildings		~~106~~104,~~703~~844		—		—		—		—		~~106~~104,~~703~~844
Construction		7054,~~175~~596		23—		—		—		23—		7054,~~198~~596
Consumer mortgage		~~178~~182,~~805~~139		~~262~~204		~~432~~84		~~203~~355		~~897~~643		~~179~~182,~~702~~782
Home equity line of credit		4547,~~250~~361		~~695~~520		—93		—		~~695~~613		4547,~~945~~974
Consumer installment		9,~~411~~800		817		1		—		918		9,~~420~~818
Consumer indirect		54,~~006~~704		6453		816		—		7269		54,~~078~~773
Total Loans	$	~~759~~786,~~412~~795	$	~~1,056~~814	$	~~629~~194	$	~~203~~355	$	1,~~888~~363	$	~~761~~788,~~300~~158
December 31, 2024
Commercial and industrial	$	144,274	$	46	$	56	$	—	$	102	$	144,376
Commercial real estate		190,514		—		—		—		—		190,514
Commercial lessors of buildings		101,168		—		—		—		—		101,168
Construction		64,262		—		—		—		—		64,262
Consumer mortgage		176,403		633		56		486		1,175		177,578
Home equity line of credit		44,595		376		—		—		376		44,971
Consumer installment		9,637		5		3		—		8		9,645
Consumer indirect		5,238		27		11		—		38		5,276
Total Loans	$	736,091	$	1,087	$	126	$	486	$	1,699	$	737,790

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of ~~March~~June 3130, 2025 and December 31, 2024:

(Dollars in thousands)	Nonaccrual with no ACL		Nonaccrual with ACL		Total Nonaccrual		Loans Past Due 90 Days or More Still Accruing		Total Nonperforming
March 31, 2025
June 30, 2025
Commercial and industrial	$	~~413~~—	$	4990	$	~~462~~90	$	—	$	~~462~~90
Commercial real estate		~~501~~200		—162		~~501~~362		—		~~501~~362
Commercial lessors of buildings		—		2		2		—		2
Construction		—		—		—		—		—
Consumer mortgage		—		~~242~~359		~~242~~359		~~203~~355		~~445~~714
Home equity line of credit		—		6968		6968		—		6968
Consumer installment		—		4454		4454		—		4454
Consumer indirect		—		7367		7367		—		7367
Total Loans	$	~~914~~200	$	~~479~~802	$	1,~~393~~002	$	~~203~~355	$	1,~~596~~357
December 31, 2024
Commercial and industrial	$	413	$	36	$	449	$	—	$	449
Commercial real estate		497		4		501		—		501
Commercial lessors of buildings		—		3		3		—		3
Construction		—		—		—		—		—
Consumer mortgage		—		80		80		486		566
Home equity line of credit		—		71		71		—		71
Consumer installment		—		48		48		—		48
Consumer indirect		—		67		67		—		67
Total Loans	$	910	$	309	$	1,219	$	486	$	1,705

Interest income recognized on nonaccrual loans for the ~~three~~six months ended ~~March~~June 3130, 2025 and 2024 was $1227 thousand and $318 thousand, respectively.

Collateral-Dependent Financial Assets

When loan repayment is expected to be provided substantially through the operation or sale of collateral and the borrower is experiencing financial difficulty, expected credit losses are based on the fair value of the collateral. The class of loan represents the primary collateral type associated with the loan. The following table presents the amortized cost basis of collateral dependent loans by class of loan:

	Type of Collateral
(Dollars in thousands)	Real Estate		Blanket Liens
March 31, 2025
June 30, 2025
Commercial and industrial	$	—	$	~~413~~60
Commercial real estate		~~501~~200		—
Total collateral dependent loans	$	~~501~~200	$	~~413~~60
December 31, 2024
Commercial and industrial	$	—	$	413
Commercial real estate		501		—
Total collateral dependent loans	$	501	$	413

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

Credit Quality Indicators

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes all commercial loans before origination and an annual review of those with an outstanding commitment greater than $500 thousand. The Company uses the following definitions for risk ratings:

Pass. Loans classified as pass (Cash Secured, Exceptional, Acceptable, Monitor, or Pass Watch) may exhibit a wide array of characteristics but at a minimum represent an acceptable risk to the Bank. Borrowers in this rating may have leveraged but acceptable balance sheet positions, satisfactory asset quality, stable to favorable sales and earnings trends, acceptable liquidity and adequate cash flow. Loans are considered fully collectible and require an average amount of administration. While generally adhering to credit policy, these loans may exhibit occasional exceptions that do not result in undue risk to the Bank. Borrowers are generally capable of absorbing setbacks, financial and otherwise, without the threat of failure.

Special Mention. Assets assigned a Special Mention grade are not considered classified assets but are considered criticized. These assets exhibit potential weaknesses that, deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. Loans in this rating warrant special attention but have not yet reached the point of concern for loss. These assets have deteriorated sufficiently to the point they would have difficulty refinancing elsewhere. Similarly, purchasers of the business would not be eligible for bank financing unless they represent a significantly stronger credit risk.

Substandard. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Based on the most recent analysis performed, the following tables present the recorded investment in non-homogeneous loans by internal risk rating system as of ~~March~~June 3130, 2025 and December 31, 2024:

	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2025		2024		2023			2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
March 31, 2025
June 30, 2025
Commercial and industrial:
Pass	$	911,~~083~~877	$	2019,~~089~~690	$	18,~~905~~228		$	1213,~~819~~458	$	6,~~274~~017	$	86,~~303~~912	$	4650,~~982~~670	$	—	$	~~122~~126,~~455~~852
Special mention		—		—		~~827~~49			~~2,136~~111		~~708~~89		~~146~~—		~~1,012~~600		—		~~4,829~~849
Substandard		—		~~474~~60		910,~~653~~021	1		3,~~885~~650		~~574~~491		~~791~~751		67,~~730~~831		—		22,~~107~~804
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	911,~~083~~877	$	2019,~~563~~750	$	2928,~~385~~298		$	1817,~~840~~219	$	76,~~556~~597	$	97,~~240~~663	$	5459,~~724~~101	$	—	$	~~149~~150,~~391~~505
YTD gross charge-offs	$	—	$	—	$	—42		$	—	$	—	$	—	$	27	$	—	$	2769
Commercial real estate:
Pass	$	820,~~520~~621	$	1517,~~127~~247	$	2431,~~744~~955		$	3837,~~777~~822	$	4042,~~740~~423	$	3634,~~765~~780	$	~~177~~429	$	—	$	~~164~~185,~~850~~277
Special Mention		—		—		—			1,~~128~~118		52,~~148~~891		11,~~640~~272		—		—		1715,~~916~~281
Substandard		—		~~343~~340		121,~~057~~241	2		~~301~~460		2,~~353~~317		87,~~043~~950		—		—		1232,~~097~~308
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	820,~~520~~621	$	1517,~~470~~587	$	2553,~~801~~196		$	4039,~~206~~400	$	4847,~~241~~631	$	5654,~~448~~002	$	~~177~~429	$	—	$	~~194~~232,~~863~~866
YTD gross charge-offs	$	—	$	—	$	—301		$	—	$	—	$	—	$	—	$	—	$	—301
Commercial lessors of buildings:
Pass	$	715,~~135~~159	$	2218,~~230~~861	$	2218,~~935~~302		$	2120,~~247~~457	$	14,~~990~~785	$	1615,~~490~~623	$	~~466~~462	$	—	$	~~105~~103,~~493~~649
Special Mention		—		—		—			—		~~178~~176		—		—		—		~~178~~176
Substandard		—		—		—			—		—		~~994~~981		38		—		1,~~032~~019
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	715,~~135~~159	$	2218,~~230~~861	$	2218,~~935~~302		$	2120,~~247~~457	$	1514,~~168~~961	$	1716,~~484~~604	$	~~504~~500	$	—	$	~~106~~104,~~703~~844
YTD gross charge-offs	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—
Commercial Construction:
Pass	$	25,~~972~~553	$	1620,~~182~~248	$	107,~~188~~062		$	7,~~985~~887	$	~~732~~715	$	1,~~261~~251	$	21,~~240~~473	$	—	$	4144,~~560~~189
Special Mention		—		—		—			—		—		—		—		—		—
Substandard		—		—		~~20,500~~—	2		—		—		7371		—		—		~~20,573~~71
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	25,~~972~~553	$	1620,~~182~~248	$	307,~~688~~062		$	7,~~985~~887	$	~~732~~715	$	1,~~334~~322	$	21,~~240~~473	$	—	$	6244,~~133~~260
YTD gross charge-offs	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—
Total
Pass	$	2753,~~710~~210	$	7376,~~628~~046	$	7675,~~772~~547		$	8079,~~828~~624	$	6263,~~736~~940	$	6258,~~819~~566	$	4953,~~865~~034	$	—	$	~~434~~459,~~358~~967
Special Mention		—		—		~~827~~49			31,~~264~~229		63,~~034~~156		11,~~786~~272		~~1,012~~600		—		2216,~~923~~306
Substandard		—		~~817~~400		31,~~210~~262	1, 2		4,~~186~~110		2,~~927~~808		9,~~901~~753		67,~~768~~869		—		5556,~~809~~202
Doubtful		—		—		—			—		—		—		—		—		—
Total	$	2753,~~710~~210	$	7476,~~445~~446	$	~~108~~106,~~809~~858		$	8884,~~278~~963	$	7169,~~697~~904	$	8479,~~506~~591	$	5761,~~645~~503	$	—	$	~~513~~532,~~090~~475
YTD commercial gross charge-offs	$	—	$	—	$	—343		$	—	$	—	$	—	$	27	$	—	$	27370

1 Balances include $3.3 million USDA guarantee.

2 Balances include $16.4 million USDA guarantee.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023			2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
December 31, 2024
Commercial and industrial:
Pass	$	20,361	$	20,376		$	14,446	$	7,291	$	2,920	$	6,576	$	44,566	$	—	$	116,536
Special mention		—		869			2,227		812		161		—		1,987		—		6,056
Substandard		—		8,479	1		4,170		650		109		1,107		7,269		—		21,784
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	20,361	$	29,724		$	20,843	$	8,753	$	3,190	$	7,683	$	53,822	$	—	$	144,376
YTD gross charge-offs	$	—	$	1,393		$	—	$	10	$	—	$	—	$	4,268	$	—	$	5,671
Commercial real estate:
Pass	$	15,216	$	25,238		$	39,541	$	41,742	$	13,049	$	25,258	$	154	$	—	$	160,198
Special Mention		—		—			1,245		5,216		2,013		9,701		—		—		18,175
Substandard		345		1,252			196		2,211		6		8,131		—		—		12,141
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	15,561	$	26,490		$	40,982	$	49,169	$	15,068	$	43,090	$	154	$	—	$	190,514
YTD gross charge-offs	$	—	$	598		$	—	$	—	$	—	$	—	$	—	$	—	$	598
Commercial lessors of buildings:
Pass	$	22,287	$	23,003		$	21,576	$	15,206	$	3,043	$	13,792	$	384	$	—	$	99,291
Special Mention		—		—			—		180		—		—		—		—		180
Substandard		—		—			557		94		949		59		38		—		1,697
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	22,287	$	23,003		$	22,133	$	15,480	$	3,992	$	13,851	$	422	$	—	$	101,168
YTD gross charge-offs	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial construction:
Pass	$	12,420	$	9,588		$	8,084	$	818	$	845	$	431	$	2,239	$	—	$	34,425
Special Mention		—		—			—		—		—		—		—		—		—
Substandard		—		20,500	2		—		—		—		74		—		—		20,574
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	12,420	$	30,088		$	8,084	$	818	$	845	$	505	$	2,239	$	—	$	54,999
YTD gross charge-offs	$	—	$	—		$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total
Pass	$	70,284	$	78,205		$	83,647	$	65,057	$	19,857	$	46,057	$	47,343	$	—	$	410,450
Special Mention		—		869			3,472		6,208		2,174		9,701		1,987		—		24,411
Substandard		345		30,231	1, 2		4,923		2,955		1,064		9,371		7,307		—		56,196
Doubtful		—		—			—		—		—		—		—		—		—
Total	$	70,629	$	109,305		$	92,042	$	74,220	$	23,095	$	65,129	$	56,637	$	—	$	491,057
YTD commercial gross charge-offs	$	—	$	1,991		$	—	$	10	$	—	$	—	$	4,268	$	—	$	6,269

1 Balances include $1.9 million USDA guarantee.

2 Balances include $16.4 million USDA guarantee.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)

The Company monitors the credit risk profile by payment activity for the loan classes listed below. Loans past due 90 days or more and loans on nonaccrual status are considered nonperforming. The following table presents the amortized cost in consumer loans based on payment activity as of ~~March~~June 3130, 2025 and December 31, 2024:

	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
March 31, 2025
June 30, 2025
Consumer mortgage:
Performing	$	310,~~146~~115	$	24,~~887~~842	$	27,~~789~~461	$	3130,~~907~~832	$	3130,~~394~~573	$	6058,~~134~~245	$	—	$	—	$	~~179~~182,~~257~~068
Nonperforming		—		—		~~203~~199		—355		76—		~~166~~160		—		—		~~445~~714
Total	$	310,~~146~~115	$	24,~~887~~842	$	27,~~992~~660	$	31,~~907~~187	$	3130,~~470~~573	$	6058,~~300~~405	$	—	$	—	$	~~179~~182,~~702~~782
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer Construction:
Performing	$	~~570~~1,798	$	67,~~443~~579	$	~~230~~173	$	~~600~~577	$	~~153~~149	$	6960	$	—	$	—	$	810,~~065~~336
Nonperforming		—		—		—		—		—		—		—		—		—
Total	$	~~570~~1,798	$	67,~~443~~579	$	~~230~~173	$	~~600~~577	$	~~153~~149	$	6960	$	—	$	—	$	810,~~065~~336
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Home equity line of credit:
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	4547,~~808~~807	$	6899	$	4547,~~876~~906
Nonperforming		—		—		—		—		—		—		6968		—		6968
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	4547,~~877~~875	$	6899	$	4547,~~945~~974
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer installment:
Performing	$	12,~~146~~796	$	32,~~256~~836	$	2,~~860~~390	$	1,~~362~~136	$	~~383~~341	$	~~315~~213	$	5452	$	—	$	9,~~376~~764
Nonperforming		—		—		518		32		2		3432		—		—		4454
Total	$	12,~~146~~796	$	32,~~256~~836	$	2,~~865~~408	$	1,~~365~~138	$	~~385~~343	$	~~349~~245	$	5452	$	—	$	9,~~420~~818
YTD gross charge-offs	$	—13	$	34	$	3	$	12	$	—1	$	12	$	—	$	—	$	825
Consumer indirect:
Performing	$	~~166~~250	$	~~661~~608	$	~~586~~504	$	~~839~~793	$	~~486~~474	$	2,~~267~~077	$	—	$	—	$	54,~~005~~706
Nonperforming		—		—		1715		—		—		5652		—		—		7367
Total	$	~~166~~250	$	~~661~~608	$	~~603~~519	$	~~839~~793	$	~~486~~474	$	2,~~323~~129	$	—	$	—	$	54,~~078~~773
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—8	$	—	$	—	$	—8
Total
Performing	$	514,~~028~~959	$	35,~~247~~865	$	3130,~~465~~528	$	3433,~~708~~338	$	3231,~~416~~537	$	6260,~~785~~595	$	4547,~~862~~859	$	6899	$	~~247~~254,~~579~~780
Nonperforming		—		—		~~225~~232		3357		782		~~256~~244		6968		—		~~631~~903
Total	$	514,~~028~~959	$	35,~~247~~865	$	3130,~~690~~760	$	3433,~~711~~695	$	3231,~~494~~539	$	6360,~~041~~839	$	4547,~~931~~927	$	6899	$	~~248~~255,~~210~~683
YTD consumer gross charge-offs	$	—13	$	34	$	3	$	12	$	—1	$	110	$	—	$	—	$	833

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 3 – LOANS (CONTINUED)


	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
December 31, 2024
Consumer mortgage:
Performing	$	21,807	$	28,296	$	31,939	$	32,540	$	28,571	$	33,859	$	—	$	—	$	177,012
Nonperforming		—		—		359		76		51		80		—		—		566
Total	$	21,807	$	28,296	$	32,298	$	32,616	$	28,622	$	33,939	$	—	$	—	$	177,578
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer construction:
Performing	$	7,511	$	657	$	810	$	159	$	86	$	40	$	—	$	—	$	9,263
Nonperforming		—		—		—		—		—		—		—		—		—
Total	$	7,511	$	657	$	810	$	159	$	86	$	40	$	—	$	—	$	9,263
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Home equity line of credit:
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	44,865	$	35	$	44,900
Nonperforming		—		—		—		—		—		—		71		—		71
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	44,936	$	35	$	44,971
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer installment:
Performing	$	3,660	$	3,427	$	1,630	$	443	$	209	$	165	$	63	$	—	$	9,597
Nonperforming		—		6		3		3		—		36		—		—		48
Total	$	3,660	$	3,433	$	1,633	$	446	$	209	$	201	$	63	$	—	$	9,645
YTD gross charge-offs	$	3	$	23	$	20	$	5	$	4	$	10	$	—	$	—	$	65
Consumer indirect:
Performing	$	766	$	611	$	923	$	499	$	484	$	1,926	$	—	$	—	$	5,209
Nonperforming		—		18		—		—		—		49		—		—		67
Total	$	766	$	629	$	923	$	499	$	484	$	1,975	$	—	$	—	$	5,276
YTD gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	60	$	—	$	—	$	60
Total
Performing	$	33,744	$	32,991	$	35,302	$	33,641	$	29,350	$	35,990	$	44,928	$	35	$	245,981
Nonperforming		—		24		362		79		51		165		71		—		752
Total	$	33,744	$	33,015	$	35,664	$	33,720	$	29,401	$	36,155	$	44,999	$	35	$	246,733
YTD consumer gross charge-offs	$	3	$	23	$	20	$	5	$	4	$	70	$	—	$	—	$	125

Consumer mortgages are substantially secured by one to four family owner occupied properties and consumer indirect loans are substantially secured by recreational vehicles. All nonperforming consumer loans are evaluated when placed on nonaccrual status and may be charged down based on the collateral fair value less cost to sell if that value is lower than the outstanding balance. As of ~~March~~June 3130, 2025 there were two loans secured by consumer real estate totaling $168 thousand in process of foreclosure.

Modifications to Borrowers Experiencing Financial Difficulty

Occasionally, the Bank modifies loans to borrowers in financial distress by providing – principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. In some cases, the Bank may provide multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted.

There were no modifications of loans to borrowers in financial distress completed during the three and six months ended ~~March~~June 3130, 2025 and 2024.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 4 – SHORT-TERM BORROWINGS

The following table provides additional detail regarding repurchase agreements and the related collateral accounted for as secured borrowings.

	Remaining Contractual MaturityOvernight and Continuous
	March 31,		December 31,
	June 30,		December 31,
(Dollars in thousands)	2025		2024
Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value	$	2522,~~026~~426	$	25,745
Repurchase agreements		2422,~~981~~364		25,683

NOTE 5 – FAIR VALUE MEASUREMENTS

The Company provides disclosures about assets and liabilities carried at fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and lowest priority to unobservable inputs. The three broad levels of the fair value hierarchy are described below:


Level I:	Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access.
Level II:	Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by corroborated or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability.
Level III:	Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 5 – FAIR VALUE MEASUREMENTS (CONTINUED)

The following table presents the assets reported on the Consolidated Balance Sheets at their fair value on a recurring basis as of ~~March~~June 3130, 2025 and December 31, 2024 by level within the fair value hierarchy. No liabilities are carried at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Equity securities with readily determinable values and U.S. Treasury Notes are valued at the closing price reported on the active market on which the individual securities or identical securities are traded. Obligations of U.S. government agencies, mortgage-backed securities, asset-backed securities, obligations of states and political subdivisions and corporate bonds are valued at observable market data for similar assets. Equity securities without readily determinable values are carried at amortized cost adjusted for impairment and observable price changes and are not included in the table below.

(Dollars in thousands)	Level I		Level II		Level III		Total
March 31, 2025
June 30, 2025
Assets:
Securities available-for-sale
U.S. Treasury securities	$	—	$	113,~~968~~496	$	—	$	113,~~968~~496
U.S. Government agencies		—		5,~~768~~818		—		5,~~768~~818
Mortgage-backed securities of government agencies		—		63,~~300~~647		—		63,~~300~~647
Asset-backed securities of government agencies		—		~~388~~369		—		~~388~~369
State and political subdivisions		—		14,~~322~~444		—		14,~~322~~444
Corporate bonds		—		2322,~~682~~293		—		2322,~~682~~293
Total available-for-sale securities	$	—	$	~~119~~110,~~428~~067	$	—	$	~~119~~110,~~428~~067
Equity securities	$	~~220~~227	$	—	$	—	$	~~220~~227
December 31, 2024
Assets:
Securities available-for-sale
U.S. Treasury securities	$	—	$	13,414	$	—	$	13,414
U.S. Government agencies		—		5,698		—		5,698
Mortgage-backed securities of government agencies		—		62,698		—		62,698
Asset-backed securities of government agencies		—		398		—		398
State and political subdivisions		—		14,246		—		14,246
Corporate bonds		—		28,980		—		28,980
Total available-for-sale securities	$	—	$	125,434	$	—	$	125,434
Equity securities	$	221	$	—	$	—	$	221

The following methods and assumptions were used by the Company in determining the fair value of assets measured at fair value on a nonrecurring basis as described below:

Individually evaluated collateral dependent loans: Loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral securing these loans include: quoted market prices for identical assets classified as Level I inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included unobservable inputs and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 5 – FAIR VALUE MEASUREMENTS (CONTINUED)

The following table presents the assets measured on a nonrecurring basis on the consolidated balance sheet at their fair value as of ~~March~~June 3130, 2025 and December 31, 2024, by level within the fair value hierarchy.

(Dollars in thousands)	Level I		Level II		Level III		Total
March 31, 2025
June 30, 2025
Individually evaluated collateral dependent loans recorded at fair value:
Commercial and industrial	$	—	$	—	$	~~413~~60	$	~~413~~60
Commercial real estate		—		—		~~501~~200		~~501~~200
Total individually evaluated collateral dependent loans recorded at fair value:	$	—	$	—	$	~~914~~260	$	~~914~~260
December 31, 2024
Individually evaluated collateral dependent loans recorded at fair value:
Commercial and industrial	$	—	$	—	$	413	$	413
Commercial real estate		—		—		501		501
Total individually evaluated collateral dependent loans recorded at fair value:	$	—	$	—	$	914	$	914

NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS

The estimated fair values of recognized financial instruments carried at amortized cost as of ~~March~~June 3130, 2025 and December 31, 2024 are as follows:

(Dollars in thousands)	CarryingValue		Level I		Level II		Level III		Fair Value
March 31, 2025
June 30, 2025
Financial assets
Securities held-to-maturity	$	~~200~~195,~~000~~048	$	—	$	~~172~~169,~~478~~744	$	—	$	~~172~~169,~~478~~744
Net loans		~~753~~779,~~266~~819		—		—		~~720~~747,~~101~~016		~~720~~747,~~101~~016
Mortgage servicing rights		~~621~~631		—		—		~~621~~631		~~621~~631
Financial liabilities
Deposits	$	1,~~070~~089,~~777~~344	$	~~808~~832,~~652~~252	$	—	$	~~264~~258,~~084~~946	$	1,~~072~~091,~~736~~198
Other borrowings		~~1,236~~965		—		—		~~1,104~~865		~~1,104~~865
December 31, 2024
Financial assets
Securities held-to-maturity	$	204,309	$	—	$	172,603	$	—	$	172,603
Loans held for sale	$	283	$	290	$	—	$	—	$	290
Net loans		730,046		—		—		691,816		691,816
Mortgage servicing rights		621		—		—		621		621
Financial liabilities
Deposits	$	1,044,887	$	801,634	$	—	$	242,413	$	1,044,047
Other borrowings		1,266		—		—		1,111		1,111

Other financial instruments carried at amortized cost include cash and cash equivalents, restricted stock, bank-owned life insurance, accrued interest receivable, short-term borrowings, and accrued interest payable, all of which have a Level I fair value that approximates their carrying value. The Company also has unrecognized financial instruments on ~~March~~June 3130, 2025 and December 31, 2024, related to commitments to extend credit and letters of credit. The aggregate contract amount of such financial instruments was approximately $~~297~~290 million on ~~March~~June 3130, 2025 and $289 million on December 31, 2024.

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS (CONTINUED)

The fair value estimates of financial instruments are made at a specific point in time based on relevant market information. Since no ready market exists for a significant portion of the financial instruments, fair value estimates are largely based on judgments after considering such factors as future expected credit losses, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates.

Note 7- ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents the changes in accumulated other comprehensive loss by component net of tax for the three and six months ended ~~March~~June 3130, 2025 and 2024:

(Dollars in thousands)	Pretax			Tax Effect			After-tax
Three Months Ended March 31, 2025
Three Months Ended June 30, 2025
Balance, beginning of period	$	(9,052	)	$	1,901			(7,151	)
Unrealized holding gain on available-for-sale securities arising during the period		985			(207	)		778
Amortization of held-to-maturity discount resulting from transfer		41			(9	)		32
Total other comprehensive income		1,026			(215	)		811
Balance, end of period	$	(8,026	)	$	1,686		$	(6,340	)
Six Months Ended June 30, 2025
Balance, beginning of period	$	(10,657	)	$	2,237		$	(8,420	)
Unrealized holding gain on available-for-sale securities arising during the period		12,~~565~~550			(~~328~~535	)		12,~~237~~016
Amortization of held-to-maturity discount resulting from transfer		4081			(816	)		3265
Total other comprehensive income		12,~~605~~631			(~~336~~551	)		12,~~269~~080
Balance, end of period	$	(98,~~052~~026	)	$	1,~~901~~686		$	(76,~~151~~340	)
Three Months Ended March 31, 2024
Three Months Ended June 30, 2024
Balance, beginning of period	$	(13,102	)	$	2,751		$	(10,351	)
Unrealized holding gain on available-for-sale securities arising during the period		291			(61	)		230
Amortization of held-to-maturity discount resulting from transfer		46			(10	)		36
Total other comprehensive income		337			(71	)		266
Balance, end of period	$	(12,765	)	$	2,680		$	(10,085	)
Six Months Ended June 30, 2024
Balance, beginning of period	$	(12,999	)	$	2,729		$	(10,270	)
Unrealized holding loss on available-for-sale securities arising during the period		(144	)		30			(114	)
Unrealized holding gain on available-for-sale securities arising during the period		147			(31	)		116
Amortization of held-to-maturity discount resulting from transfer		4187			(818	)		3369
Total other comprehensive loss		(103	)		22			(81	)
Total other comprehensive income		234			(49	)		185
Balance, end of period	$	(1312,~~102~~765	)	$	2,~~751~~680		$	(10,~~351~~085	)

CSB BANCORP, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following management’s discussion and analysis focuses on the consolidated financial condition of the Company on ~~March~~June 3130, 2025 as compared to December 31, 2024, and the consolidated results of operations for the three and six months ended ~~March~~June 3130, 2025 compared to the same period in 2024. The purpose of this discussion is to provide the reader with a more thorough understanding of the Consolidated Financial Statements. This discussion should be read in conjunction with the interim condensed Consolidated Financial Statements and related footnotes contained in Part I, Item 1 of this Quarterly Report.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this Quarterly Report are not historical facts but rather are forward-looking statements that are subject to certain risks and uncertainties. When used herein, the terms “anticipates”, “plans”, “expects”, “believes”, and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions, interest rate environment, competitive conditions in the financial services industry, changes in law, governmental policies and regulations, and rapidly changing technology affecting financial services. Other factors not currently anticipated may also materially and adversely affect the Company’s results of operations, cash flows, and financial position. There can be no assurance that future results will meet expectations. While the Company believes that the forward-looking statements in this report are reasonable, the reader should not place undue reliance on any forward-looking statement.

The Company does not undertake, and specifically disclaims any obligation, to publicly revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by applicable law.

FINANCIAL CONDITION

Total assets increased $2746 million to $1.2223 billion at ~~March~~June 3130, 2025 compared to $1.19 billion at December 31, 2024. During the ~~three~~six months ended ~~March~~June 3130, 2025, securities decreased $1025 million, net loans increased $2350 million, and cash and cash equivalents increased $1522 million. Deposits and short-term borrowings increased $2541 million.

Net loans increased $2350 million, or 37%, as commercial and commercial real estate loans increased $1552 million, or 312%, compared to December 31, 2024 and residential real estate loans increased $25 million, or 13%, from December 31, 2024. Construction loans ~~increased~~decreased $610 million, or 915%, from December 31, 2024. Consumer refinance activity remains slow on mortgage loans, while home purchase activity remains stable despite limited inventory, and home equity line balances increased by $13 million. Residential mortgage loan originations, including home equity lines, for the ~~three~~six months ended ~~March~~June 3130, 2025 totaled $1132 million, an increase from $922 million in mortgage originations during the ~~three~~six months ended ~~March~~June 3130, 2024. Mortgage loan originations sold into the secondary market increased slightly to $~~1.5~~4 million from $~~1.2~~3 million, respectively during the ~~three~~six months ended ~~March~~June 3130, 2025 and ~~March~~June 3130, 2024. The Bank originates and sells primarily fixed rate thirty-year mortgages into the secondary market.

The allowance for credit losses for loans increased $~~379~~656 thousand from December 31, 2024 to $8 million. The increase in the allowance was primarily due to the volume increase in loans originated. Net charge-offs were $391 thousand, or an annualized 0.10% of average loans, in the current six-month period compared to net charge-offs of $320 thousand, or 0.09% of average loans in the year-ago six-month period. At June 30, 2025, the allowance for credit losses to total loans was 1.05%. We believe the allowance level is appropriate given the level of problem loans and composition of the overall loan portfolio in the current economic environment.

The increase in the allowance was primarily due to the volume increase in loans originated. Net charge-offs were $29 thousand, or an annualized 0.02% of average loans, in the current three-month period compared to net charge-offs of $74 thousand, or 0.04% of average loans in the year-ago three-month period. At March 31, 2025, the allowance for credit losses to total loans was 1.05%. We believe the allowance level is appropriate given the level of problem loans and composition of the overall loan portfolio in the current economic environment.

CSB BANCORP, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Nonperforming loans decreased $~~109~~348 thousand to $1.64 million, or 0.2117%, of total loans from $1.7 million, or 0.23% of total loans, on December 31, 2024. For the ~~three~~six months ended ~~March~~June 3130, 2025, $~~224~~437 thousand in loans were placed on nonaccrual status, $22284 thousand in paydowns were received, and $27370 thousand in loans were charged-off due to non-payment.

	March 31,			December 31,			March 31,
	June 30,			December 31,			June 30,
(Dollars in thousands)	2025			2024			2024
Non-performing loans	$	1,~~596~~357		$	1,705		$	~~361~~6,683
Other real estate		—			—			—
Repossessed assets		—			14			—
Allowance for credit losses		78,~~974~~251			7,595			710,~~136~~587
Total loans		~~761~~788,~~240~~070			737,641			~~710~~721,~~822~~916
Allowance for credit losses as a percentage of total loans		1.05	%		1.03	%		1.0047	%
Allowance for credit losses to total nonperforming loans		~~500~~608	%		445	%		~~1,977~~158	%

The ratio of gross loans to deposits was 72% and 71% at ~~March~~June 3130, 2025 and December 31, 2024.

The Company has no exposure to government-sponsored enterprise preferred stocks, collateralized debt obligations, or trust preferred securities. Management has considered industry analyst reports, sector credit reports, and the volatility within the bond market in concluding that the gross unrealized losses of $3532 million within the available-for-sale and held-to-maturity portfolios as of ~~March~~June 3130, 2025, was primarily the result of current market yields compared to the yields at the time the investments were purchased by the Company and not due to credit quality. As a result, all embedded security losses on ~~March~~June 3130, 2025, are considered temporary and no allowance for credit loss is necessary.

The weighted average life of total debt securities was 5.4445 years at ~~March~~June 3130, 2025 as compared to 5.14 years at December 31, 2024. If interest rates declined 100 basis points, the weighted average life was estimated to fall to 5.1613 years at ~~March~~June 3130, 2025. If interest rates rose 100 basis points the weighted average life would be expected to increase to 5.7073 years at ~~March~~June 3130, 2025.

Deposits increased $2644 million, or 24%, from December 31, 2024 with noninterest-bearing deposits increasing approximately $21 million, or less than 1%, and interest-bearing deposit accounts increasing approximately $2443 million, or 36%. Total deposits as of ~~March~~June 3130, 2025 are $1.071 billion, or 6%, above ~~March~~June 3130, 2024 deposit balances. On a year over year comparison, increases were recognized in noninterest-bearing demand deposits of $5 million, savings accounts of $25 million, ~~money~~interest ~~market~~bearing demand accounts of $922 million, and time deposits of $5034 million. Decreases were recognized in ~~interest~~money ~~bearing~~market ~~demand~~ accounts of $6244 ~~million~~thousand. Deposits have increased as customers move ~~excess liquid~~ funds into ~~money~~interest ~~market~~bearing demand accounts and time certificates of deposit to take advantage of ~~the~~higher ~~increased~~ interest rates in those products. The estimated amount of uninsured deposits was $~~262~~266 million, $244 million, and $249 million as of ~~March~~June 3130, 2025, December 31, 2024, and ~~March~~June 3130, 2024, respectively.

Short-term borrowings consisting of overnight repurchase agreements with retail customers decreased $~~702~~3 ~~thousand~~million, or 313%, to $2522 million at ~~March~~June 3130, 2025 as compared to December 31, 2024 as customers moved money into higher interest rate money market and time deposit accounts. Other borrowings decreased $30301 thousand as the Company repaid FHLB advances.

Total shareholders’ equity amounted to $~~118~~122 million, or 9.78%, of total assets at ~~March~~June 3130, 2025, an increase of $36.58 million, or 36%, from $115 million at December 31, 2024. The increase in shareholders’ equity during the ~~three~~six months ended ~~March~~June 3130, 2025 was due to net income of $37.63 million, other comprehensive income of $12.31 million, less cash dividends of $12.1 million, and treasury stock repurchases of $~~328~~436 thousand. Total accumulated other comprehensive loss ("AOCL") decreased during the ~~three~~six months ended ~~March~~June 3130, 2025 due to decreases in interest rates and improvements in pricing in government agency and corporate bonds as AFS securities are marked to fair value. This remaining unrealized loss in securities is temporary and is adjusted monthly for additional interest rate fluctuations, principal paydowns, calls, and maturities. The Company and the Bank met all regulatory capital requirements at ~~March~~June 3130, 2025 as shown in the Capital Resources section of this report.

CSB BANCORP, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

Three months ended ~~March~~June 3130, 2025 and 2024

For the quarters ended ~~March~~June 3130, 2025 and 2024, the Company recorded net income of $3.67 million and $21.96 million and $1.3741 and $10.1061 per share, respectively. The $~~683~~2.1 ~~thousand~~million increase in net income for the period was primarily the result of ~~the~~a reduced provision for credit losses and off-balance sheet commitments of $~~402~~614 thousand compared to the provision for credit losses in the prior year period of $1.2.9 million. ~~The~~Additionally, an increase of $~~533~~1.4 ~~thousand~~million in net interest income ~~partially~~and ~~offset by a~~ $7636 thousand ~~decrease~~increase in noninterest income ~~and~~is partially offset by a $~~339~~1.1 ~~thousand~~million increase in noninterest expenses. The federal income tax provision increased $~~185~~555 thousand. Pre-provision net revenue ("PPNR"), (a non-GAAP measure), totaled $45.92 million for the quarter ended ~~March~~June 3130, 2025, an increase of $~~118~~392 thousand, or 28.51%, from the prior year's ~~first~~second quarter.

Return on average assets and return on average equity were 1.2223% and 12.5848%, respectively, for the three-month period of 2025, compared to 10.0256% and 105.8489%, respectively for the same quarter in 2024.

Average Balance Sheets and Net Interest Margin Analysis

	For the Three Months Ended March 31,
	For the Three Months Ended June 30,
	2025								2024
(Dollars in thousands)	Averagebalance1		Interest			Averagerate2			Averagebalance1		Interest			Averagerate2
ASSETS
Federal Funds Sold	$	~~386~~393	$	4			4.2008	%	$	~~321~~446	$	46			5.0141	%
Interest-earning deposits in other banks		4860,~~237~~529		~~532~~674			4.47			2726,~~393~~903		~~365~~373			5.3658
Taxable securities		~~310~~296,~~210~~305		1,~~795~~678			2.3527			~~345~~334,~~613~~253		1,~~890~~817			2.2019
Tax-exempt securities 4		16,~~787~~786		95			2.3028			1918,~~083~~999		112			2.3637
Loans 3,4		~~755~~779,~~863~~664		1011,~~886~~508			5.8492			~~705~~717,~~294~~105		10,~~227~~229			5.8374
Total interest-earning assets		1,~~131~~153,~~483~~677		13,~~312~~959			4.7785	%		1,097,~~704~~706		12,~~598~~537			4.6259	%
Noninterest-earning assets		66,~~320~~629								6263,~~957~~827
TOTAL ASSETS	$	1,~~197~~220,~~803~~306							$	1,~~160~~161,~~661~~533
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand deposits	$	~~210~~230,~~759~~267	$	~~358~~429			0.6975	%	$	~~231~~220,~~707~~741	$	~~563~~493			0.9890	%
Savings deposits		~~312~~308,~~084~~601		~~729~~695			0.9590			~~297~~301,~~125~~549		~~781~~827			1.0610
Time deposits		~~250~~255,~~360~~754		2,~~440~~392			3.9575			~~202~~217,~~700~~003		12,~~956~~169			34.8802
Borrowed funds		2725,~~653~~377		7367			1.0706			3529,~~051~~134		~~108~~89			1.2423
Total interest-bearing liabilities		~~800~~819,~~856~~999		3,~~600~~583			1.8275	%		~~766~~768,~~583~~427		3,~~408~~578			1.7987	%
Noninterest-bearing demand deposits		275,~~331~~514								~~279~~277,~~212~~276
Other liabilities		5,~~062~~014								65,~~029~~611
Shareholders' Equity		~~116~~119,~~554~~779								~~108~~110,~~837~~219
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	1,~~197~~220,~~803~~306							$	1,~~160~~161,~~661~~533
Taxable equivalent net interest income, (Non-GAAP)			$	910,~~712~~376							$	98,~~190~~959
Tax equivalent adjustment 4				(31	)							(4234	)
Net interest income, (GAAP)			$	910,~~681~~345							$	98,~~148~~925
Net interest margin, (GAAP)							3.4760	%							3.3527	%
Tax equivalent adjustment 4							0.01								0.0201
Net interest margin-taxable equivalent, (Non-GAAP)							3.4861	%							3.3728	%
Taxable equivalent net interest spread							23.9510	%							2.8372	%

1 Average balances have been computed on an average daily basis.

2 Average rates have been computed based on the amortized cost of the corresponding asset or liability.

3 Average loan balances include nonaccrual loans.

4 Taxable equivalent adjustments have been computed assuming a 21% tax rate in 2025 and 2024 (non-GAAP).

CSB BANCORP, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Interest income for the quarter ended ~~March~~June 3130, 2025, was $13.39 million representing a $~~725~~1.4 ~~thousand~~million, or 611% increase, compared to the same period in 2024. This increase was primarily due to higher average balances of loans and interest-earning deposits in other banks. These increases were partially offset by the volume decreases in taxable securities toover the comparable period. Rates on average interest-earning deposits in other banks decreased 89111 basis points, while loan rates rose 118 basis ~~point~~points, and taxable securities' interest rates increased 158 basis points for the quarter ended ~~March~~June 3130, 2025 as compared to the same period in 2024. Interest expense for the quarter ended ~~March~~June 3130, 2025 was $3.6 million, an increase of $~~192~~5 thousand, or 6less than 1%, from the same quarter in 2024. The increase in interest expense occurred primarily due to volume increases in ~~money market and~~ time deposit accounts asduring ~~well as~~ the ~~increase in rates on time deposit accounts for the~~ quarter ended ~~March~~June 3130, 2025.

For the quarter ended ~~March~~June 3130, 2025, the bank recognized net charge-offs of $29362 thousand, compared to $74246 thousand net charge-offs for the same quarter in 2024. The provision for credit losses on loans in the current quarter of $~~408~~639 thousand, compared to a provision of $~~603~~3.7 ~~thousand~~million in the same quarter ended 2024. The company recorded a $625 thousand recovery for credit loss expense on off-balance commitments in the ~~first~~second quarter 2025 compared to a $~~549~~808 thousand ~~provision~~recovery in the ~~first~~same quarter of 2024. The quarter increase results primarily from the increase in loan volume during ~~first~~second quarter 2025.

Economic indicators reflect asomewhat ~~leveling~~flat ~~off~~business inactivity ~~residential~~with ~~real~~uncertainty ~~estate~~related ~~prices~~to ~~and~~trade ~~increases~~policies inand national unemployment rates just above 4%. The provision for credit losses is determined based on management’s calculation of the adequacy of the allowance for credit losses, which includes provisions for classified loans as well as for the remainder of the portfolio based on historical data, including past charge-offs and current economic trends.

Noninterest income ~~decreased~~increased $7636 thousand, or 42%, compared to ~~first~~the second quarter of 2024. The ~~decrease~~increase was primarily the result of a $~~116~~35 thousand ~~decrease~~increase in ~~trust~~earnings ~~services~~on bank owned life insurance, ~~partially~~a ~~offset~~$29 bythousand increase in unrealized gain on equity securities, and a $2822 thousand increase in ~~the~~debit ~~earnings~~card interchange fees. These increases were partially offset by decreases of $19 thousand in loss on ~~bank~~sale ~~owned~~of ~~life~~other ~~insurance~~assets, $16 thousand decrease in other income, and a $15 thousand decrease in trust services.

Noninterest expense increased $~~339~~1.1 ~~thousand~~million, or 618%, from ~~first~~the second quarter 2024. Salary and employee benefit costs increased $~~228~~865 thousand, or 728%, compared to the prior year quarter with increases in base salary, ~~insurance~~retirement, and ~~social~~incentive ~~security taxes~~compensation. Occupancy expense costs increased $7358 thousand, or 2620%, with increases in ~~snow~~heating ~~removal~~system ~~costs.~~and ~~Professional~~elevator ~~and~~repairs. ~~directors’~~Software ~~fees~~expense increased $8127 thousand, or 247%, state financial institutions tax increased $1417 thousand, or 68%, due to the increase in capital. Professional ~~Debit card expenses increased $22 thousand, or 12%, primarily with increases in processing. Software expense decreased $25 thousand, or 6%,~~ and ~~equipment~~director ~~expense~~fees decreased $1845 thousand, or 810%. The Company’s ~~first~~second quarter efficiency ratio increased to 56.86% compared to 5654.02% in the prior year.

Federal income tax expense increased $~~185~~555 thousand, or 27159%, for the quarter ended ~~March~~June 3130, 2025 as compared to the ~~first~~second quarter 2024. The provision for income taxes was $~~878~~903 thousand (effective rate of 19.5%) for the quarter ended ~~March~~June 3130, 2025, compared to $~~693~~348 thousand (effective rate of 1917.17%) for the same quarter ended 2024.

RESULTS OF OPERATIONS

Six months ended June 30, 2025, and 2024

For the six months ended June 30, 2025, and 2024, the Company recorded net income of $7.3 million and $4.5 million and $2.78 and $1.71 per share, respectively. The $3 million increase in net income for the six-month period was primarily the result of the provision for credit losses and off-balance sheet commitments of $1 million compared to the provision for credit losses in the prior year period of $4 million, and a $2 million increase to net interest income. The increase to net income was partially offset by an increase in noninterest expense of $1 million and a decrease of $40 thousand in noninterest income.

CSB BANCORP, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The federal income tax provision was $740 thousand higher during the six-month period in 2025 than in 2024. Return on average assets and return on average equity were 1.22% and 12.53%, respectively, for the six months ended June 30, 2025, compared to 0.79% and 8.35%, respectively for the same period in 2024.


	For the Six Months Ended June 30,
	2025							2024
(Dollars in thousands)	Average balance1		Interest		Average rate2			Average balance1		Interest		Average rate2
ASSETS
Federal Funds Sold	$	390	$	8		4.14	%	$	384	$	10		5.24		%
Interest-earning deposits in other banks		54,417		1,206		4.47			27,148		738		5.47
Taxable securities		303,219		3,474		2.31			339,933		3,707		2.19
Tax-exempt securities 4		16,787		191		2.29			19,041		223		2.36
Loans 3,4		767,830		22,393		5.88			711,199		20,457		5.78
Total interest-earning assets		1,142,643		27,272		4.81	%		1,097,705		25,135		4.60		%
Noninterest-earning assets		66,486							63,401
TOTAL ASSETS	$	1,209,129						$	1,161,106

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing demand deposits	$	220,567	$	787		0.72	%	$	226,224	$	1,056		0.94		%
Savings deposits		310,333		1,424		0.93			299,337		1,608		1.08
Time deposits		253,072		4,832		3.85			209,852		4,125		3.95
Borrowed funds		26,509		141		1.07			32,092		197		1.23	<

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

Filing Compare · CSB Bancorp, Inc.