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CSB Bancorp, Inc. reports recurring community-bank developments through its role as a Millersburg, Ohio financial holding company for The Commercial and Savings Bank. Company news centers on quarterly earnings, net income, returns on assets and equity, net interest income, deposits, and credit-loss trends.
Updates also describe loan demand across commercial and commercial real estate lending, construction and development financing, residential mortgages, home equity lines of credit, and consumer credit. Dividend announcements are a recurring capital-return item for CSBB common stock, alongside descriptions of the bank’s banking centers, trust offices, and loan production presence in Ohio markets.
CSB Bancorp reported a net income of $2,745,000 ($1.00 per share) for Q2 2021, a rise from $2,606,000 ($0.95 per share) in Q2 2020. Total net income for the first half of 2021 is $5,630,000, an 11% increase year-over-year. However, net interest income fell 8% to $8.3 million, primarily due to a 12% decrease in loan interest income. Average total assets rose 24% to $1.13 billion, yet the efficiency ratio worsened to 64.4%. A dividend of $0.30 per share was declared, yielding 3.2%.
CSB Bancorp, Inc. (OTC Pink: CSBB) has announced a second quarter cash dividend of $0.30 per share. The dividend is payable on July 20, 2021, to shareholders of record as of July 6, 2021. Headquartered in Millersburg, Ohio, CSB Bancorp is a $1.1 billion financial holding company that provides a comprehensive range of banking and financial services through its subsidiary, The Commercial and Savings Bank, which operates sixteen banking centers across several Ohio counties.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported a strong financial performance for the first quarter of 2021, achieving a net income of $2,885,000, or $1.05 per share, compared to $2,483,000, or $0.91 per share in the same period of 2020. The annualized return on average common equity improved to 12.33%, while the return on average assets was 1.10%. Net interest income and noninterest income totaled $8.9 million, up $627 thousand year-over-year. While credit quality remains stable, the net interest margin declined to 2.85% from 3.67% in the prior year.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a first-quarter cash dividend of $0.30 per share on its common stock, marking a $0.01 increase from the previous quarter. The dividend is scheduled for payment on April 20, 2021 to shareholders of record as of April 6, 2021. CSB Bancorp, based in Millersburg, Ohio, operates as a $1.1 billion financial holding company, providing a comprehensive range of banking services through its subsidiary, The Commercial and Savings Bank, which has sixteen locations across Ohio.
CSB Bancorp (OTC Pink: CSBB) reported a net income of $2.679 million for Q4 2020, an increase from $2.593 million in Q4 2019, translating to a diluted EPS of $0.97. Despite a 25% rise in average total assets to $1 billion, return on equity and return on assets saw declines to 11.45% and 1.05%, respectively. The bank experienced a 10% increase in noninterest expense, largely attributed to salary hikes. The efficiency ratio rose to 59.8%. CSB facilitated over $92 million in PPP loans and continues to support borrowing needs despite challenges from the COVID-19 pandemic.