Stronger Q2 2026 profit at CSB Bancorp (OTC: CSBB) on wider margin

Rhea-AI Filing Summary

CSB Bancorp, Inc. reported strong second quarter 2026 results, with net income of $4,735,000 and basic and diluted EPS of $1.80, up from $3,727,000 and $1.41 a year earlier. Annualized ROE improved to 14.48% and ROA to 1.48%, while Pre-Provision Net Revenue rose 24% to about $6.5 million.

Performance was driven by a 15% increase in net interest income and a richer asset mix, as average loans grew 11% and the fully taxable equivalent net interest margin widened to 3.92% from 3.61%. Noninterest income increased 10%, and the efficiency ratio improved to 53.06% from 56.62%, reflecting better expense leverage.

Credit quality metrics were mixed: net loan charge-offs dropped to $28,000 from $362,000, but nonperforming loans increased to $7.3 million, or 0.84% of total loans, tied to a single commercial relationship that management believes is well secured. The allowance for expected credit losses rose to $13.5 million, or 1.56% of total loans. CSB ended June 30, 2026 with approximately $1.3 billion in assets and declared a $0.43 quarterly dividend, a 2.4% annualized yield at a $72.00 share price.

Positive

• Q2 2026 net income increased to $4,735,000 and diluted EPS to $1.80, compared with $3,727,000 and $1.41 in Q2 2025, indicating significantly stronger profitability.
• Fully taxable equivalent net interest margin expanded to 3.92% from 3.61%, while Pre-Provision Net Revenue rose about 24% to roughly $6.5 million, supported by 11% average loan growth.
• Operating efficiency improved as the efficiency ratio declined to 53.06% from 56.62%, showing revenue is growing faster than noninterest expenses.
• Net loan charge-offs fell to just $28,000 in Q2 2026 from $362,000 a year earlier, while the allowance for expected credit losses increased to $13.5 million, or 1.56% of total loans.

Negative

• Nonperforming loans rose to $7.3 million, or 0.84% of total loans at June 30, 2026, up from 0.17% a year earlier, reflecting stress in a commercial relationship despite being viewed as well secured.

Filing Explained

Quarter-end balances add a capital and liquidity view: 186 allowance coverage of nonperforming loans, $127,902 thousand tangible equity, and $22,014 thousand short-term borrowings.

The company furnished its earnings release and quarterly report for the quarter ended June 30, 2026; its period-end balance sheet reports $81,527 thousand of cash and equivalents, $1,133,407 thousand of deposits, and $132,630 thousand of shareholders’ equity.

The release identifies fully taxable equivalent net interest income, pre-provision net revenue, and tangible equity as non-GAAP measures; it says tangible equity subtracts goodwill from shareholders’ equity.

The asset-quality table reports $13,528 thousand of allowance for credit losses, $7,287 thousand of nonperforming assets, and an allowance-for-credit-losses-to-nonperforming-loans ratio of 186, adding a reserve-coverage measure to the credit update.

The capital and liquidity tables report period-end tangible equity of $127,902 thousand, a tangible-equity-to-assets ratio of 9.92%, and $22,014 thousand of short-term borrowings.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Net Income: $4,735,000 Q2 2026 Diluted EPS: $1.80 Q2 2026 ROE: 14.48 % +5 more

8 metrics

Q2 2026 Net Income $4,735,000 Net income for the quarter ended June 30, 2026

Q2 2026 Diluted EPS $1.80 Basic and diluted earnings per share for Q2 2026

Q2 2026 ROE 14.48 % Annualized return on average common equity for Q2 2026

Q2 2026 ROA 1.48 % Annualized return on average assets for Q2 2026

FTE Net Interest Margin Q2 2026 3.92 % Fully taxable equivalent net interest margin for the second quarter of 2026

Nonperforming Loans Ratio 0.84 % Nonperforming loans as a percentage of total loans at June 30, 2026

Allowance for Expected Credit Losses $13.5 million Allowance for expected credit losses, 1.56% of total loans at June 30, 2026

Total Assets $1.3 billion Approximate total assets as of June 30, 2026

Key Terms

Pre-Provision Net Revenue, fully taxable equivalent, nonperforming loans, tangible equity, +1 more

5 terms

Pre-Provision Net Revenue financial

"Pre-Provision Net Revenue (“PPNR”) (a non-GAAP measure) totaled $6.5 million during the quarter"

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

fully taxable equivalent financial

"The fully taxable equivalent (“FTE”) net interest margin (a non-GAAP measure) was 3.92%"

A fully taxable equivalent converts a tax-free yield into the pretax yield you would need from a taxable investment to get the same after-tax return, using an investor’s marginal tax rate. Think of it like inflating a discounted price to the full sticker price so you can compare items side‑by‑side; investors use it to fairly compare tax-exempt securities with taxable alternatives and choose the better after-tax income.

nonperforming loans financial

"Nonperforming loans were $7.3 million, or 0.84%, of total loans on June 30, 2026"

Nonperforming loans are loans on which borrowers have stopped making the scheduled interest or principal payments for an extended period (commonly 90 days or more) or are otherwise in serious danger of default. Think of them as IOUs that aren’t being repaid: they tie up a lender’s money, reduce future interest income, and force the lender to hold extra reserves or take losses. For investors, a rising share of nonperforming loans signals weakening credit quality, higher potential losses, and greater risk to a bank’s profitability and capital.

tangible equity financial

"Tangible equity is a non-GAAP measure, which is shareholders' equity net of goodwill"

Tangible equity is the portion of a company's net worth made up of physical and financial assets after subtracting intangible items like patents, brand names and goodwill. Investors use it as a conservative measure of how much real, sellable value would remain for shareholders if the business were broken up or struggled, similar to assessing a house’s value based only on bricks and land rather than a neighborhood reputation.

allowance for credit losses financial

"The allowance for expected credit losses (“ACL”) amounted to $13.5 million, or 1.56% of total loans"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

Earnings Snapshot

Net income: $4,735,000

quarter ended June 30, 2026

Net income $4,735,000 compared with $3,727,000 for the quarter ended June 30, 2025

Diluted EPS $1.80 compared with $1.41 for the quarter ended June 30, 2025

ROE (annualized) 14.48 % up from 12.48% for the second quarter of 2025

Six‑month net income $9,179,000 compared with $7,343,000 for the six months ended June 30, 2025, an increase of 25%

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Available on EDGAR 07/21/2026 - 04:05 PM Accepted by SEC EDGAR 07/21/2026 - 04:05 PM Learn about SEC filing dates

FAQ

How did CSB Bancorp (CSBB) perform in the second quarter of 2026?

CSB Bancorp reported Q2 2026 net income of $4,735,000 and diluted EPS of $1.80, up from $3,727,000 and $1.41 a year earlier. Annualized ROA reached 1.48% and ROE 14.48%, reflecting stronger profitability and capital returns.

What drove CSB Bancorp (CSBB)'s revenue and margin improvement in Q2 2026?

Results were led by a 15% increase in net interest income and an FTE net interest margin of 3.92%, up from 3.61%. Average loans grew 11%, noninterest income rose 10%, and Pre-Provision Net Revenue increased about 24% to roughly $6.5 million.

How are CSB Bancorp (CSBB)'s credit quality and reserves trending?

Net loan charge-offs declined to $28,000 in Q2 2026 from $362,000 a year earlier, but nonperforming loans rose to $7.3 million (0.84% of loans). The allowance for expected credit losses increased to $13.5 million, or 1.56% of total loans.

What loan and deposit trends did CSB Bancorp (CSBB) report for Q2 2026?

Average loans rose 11% year over year, driven by commercial, residential mortgage and home equity growth. Average deposits increased by $52 million, or 5%, while the average cost of deposits declined to 1.25% from 1.32% in Q2 2025.

What capital and dividend metrics did CSB Bancorp (CSBB) highlight?

Shareholders’ equity totaled $133 million with approximately 2.6 million common shares outstanding at June 30, 2026. Book value per share was $50.49, and the quarterly dividend of $0.43 produced a 2.4% annualized yield at a $72.00 share price.

Which non-GAAP measures does CSB Bancorp (CSBB) use in its reporting?

CSB emphasizes Pre-Provision Net Revenue (PPNR), fully taxable equivalent net interest income and margin, and tangible shareholders’ equity. These measures adjust GAAP results for tax effects and goodwill to provide additional views of core earnings and capital.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 21, 2026

CSB Bancorp, Inc.

(Exact name of Registrant as Specified in Its Charter)

Ohio			000-21714	34-1687530
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
91 North Clay Street P.O. Box 232
Millersburg, Ohio				44654
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 330 674-9015

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $6.25 per share		CSBB		OTCID

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12g-2 of the Securities Exchange Act of 1934 (§ 240.12g-2 of this chapter).

Emerging growth company ☐

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. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 21, 2026, CSB Bancorp, Inc. issued a news release announcing its earnings for the quarter ended June 30, 2026. A copy of this news release and related financial tables are furnished herein as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1	News release and Quarterly Report for CSB Bancorp, Inc. for the quarter ended June 30, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			CSB Bancorp, Inc.
Date:	July 21, 2026	By:	/s/ Paula J. Meiler
			Paula J. Meiler Senior Vice President and Chief Financial Officer

Exhibit 99.1

CSB BANCORP, INC. REPORTS SECOND QUARTER EARNINGS

Second Quarter Highlights

		Quarter Ended   June 30, 2026					Quarter Ended June 30, 2025
Diluted earnings per share		$	1.80				$	1.41
Net Income		$	4,735,000				$	3,727,000
Return on average common equity			14.48	%				12.48	%
Return on average assets			1.48	%				1.23	%

Millersburg, Ohio – July 21, 2026 – CSB Bancorp, Inc. (OTC ID: CSBB) today announced second quarter 2026 net income of $4,735,000 or $1.80 per basic and diluted share, as compared to $3,727,000, or $1.41 per basic and diluted share, for the same period in 2025. For the six-month period ended June 30, 2026 net income totaled $9,179,000 compared to $7,343,000 for the same period last year, an increase of 25%.

Annualized returns on average common equity (“ROE”) and average assets (“ROA”) for the quarter were 14.48% and 1.48%, respectively, compared with 12.48% and 1.23% for the second quarter of 2025. Pre-Provision Net Revenue (“PPNR”) (a non-GAAP measure) totaled $6.5 million during the quarter, an increase of $1.2 million, or 24%, from the prior year’s second quarter. Net interest income increased $1.5 million, or 15%, noninterest income increased $175 thousand, or 10%, and noninterest expense increased $465 thousand, or 7%, in the second quarter of 2026 compared to the same period in 2025. For the six-month period ended June 30, 2026 ROE and ROA were 14.26% and 1.45% as compared to 12.53% and 1.22% for the comparable period in 2025.

Eddie Steiner, President and CEO stated, “A relatively stable environment for interest rates and employment levels has fostered increased business expansion and additional home buying activity. Real GDP growth advanced at 2.1% annualized in the first quarter and appears to have sustained the pace through second quarter. Economic activity remains somewhat tempered by persistent inflation and global uncertainties that cloud the outlook for energy prices, tariffs, and other federal government actions. Consumer debt levels and delinquencies have been increasing as households contend with the higher cost of living expenses."

Provision for credit loss expense for the quarter decreased $29 thousand from second quarter 2025. The allowance for expected credit losses (“ACL”) amounted to $13.5 million, or 1.56% of total loans, on June 30, 2026, as compared to $8.3 million or 1.05% of total loans on June 30, 2025. The allowance for credit losses on off-balance sheet commitments on June 30, 2026 was $583 thousand, as compared to a June 30, 2025 balance of $493 thousand. The increase in the ACL is primarily related to the individually evaluated loan relationship reported in prior periods. CSB has no allowance for credit losses related to available-for-sale or held-to-maturity debt securities, as there is no meaningful loss expectation on these securities.

Loan interest income including fees increased $1.5 million, or 13%, during second quarter 2026 as compared to the same quarter in 2025. The increase was primarily the result of an $83 million average volume increase, augmented by a 13 basis point (“bp”) increase in yield over the prior year’s quarter. Securities interest income increased $197 thousand, or 11%, during second quarter 2026 compared to the same quarter 2025 with average yield in the portfolio improving as lower yielding securities continue to pay down and mature. Loan yields in second quarter 2026 averaged 6.05%, an increase of 13 bps from the 2025 second quarter average of 5.92%. Securities yields for second quarter 2026 averaged 2.59% as compared to 2.27% in the second quarter of 2025, while overnight funds averaged 3.71% compared to 4.47% in the second quarter 2025.

Interest expense declined $35 thousand, or 1%, during second quarter 2026 as compared to second quarter 2025. The cost to fund gross earning assets for the second quarter of 2026 declined to 1.17% as compared to 1.25% for the second quarter of 2025.

The fully taxable equivalent (“FTE”) net interest margin (a non-GAAP measure) was 3.92% for second quarter 2026, compared to 3.61% in the second quarter of 2025. FTE net interest income increased $1.5 million, or 15%, with a $65 million increase in average earning assets as well as a 23 bp increase in the yield on assets. The mix shift into loans primarily drove the increase in earnings from assets. The cost of interest-bearing liabilities declined 10 basis points as rates on time deposits have been slowly declining over the past year. Tax equivalency effect on net interest margin was 0.01% for both 2026 and 2025.

Noninterest income increased $175 thousand, or 10%, compared to second quarter of 2025. The increase was primarily the result of a $49 thousand increase in debit card interchange fees, $42 thousand increase in credit card fees, a $37 thousand increase in earnings on bank owned life insurance, and a $28 thousand increase in service charges on deposit accounts.

Noninterest expense increased $465 thousand, or 7%, from second quarter 2025. Salary and employee benefits increased $328 thousand, or 8%, compared to the prior year quarter, with increases in base salaries and benefits, partially due to increased headcount as the company was able to reduce vacancies and add several new positions supporting growth. Software expense increased $83 thousand, or 19%, primarily due to new loan production software. Debit card expense increased $23 thousand, or 12%. Professional fees increased $19 thousand, or 5%, with increases to legal expense, audit and accounting, and director’s fees. The Company’s second quarter efficiency ratio decreased to 53.06% compared to 56.62% in the prior year.

Federal income tax expense was $1.2 million in second quarter 2026 compared to $903 thousand in the second quarter of 2025. The effective tax rate for the 2026 and 2025 second quarters was 20%, respectively.

Average earning assets for the second quarter of 2026 increased $65 million, or 6% from the year-ago quarter, primarily reflecting an $83 million, or 11%, increase in average loans, an $8 million, or 3%, decrease in average securities, and a $9 million, or 15%, decrease in interest-earning deposits in other banks, held mainly at the Federal Reserve Bank.

Average commercial loan balances for the quarter, including commercial real estate, increased $56 million, or 10%, from prior year levels, as construction loans were drawn, and borrowers used term loans to fund equipment and other purchases. Average residential mortgage balances increased $18 million, or 10%, above the prior year’s quarter with borrowers favoring adjustable-rate mortgages during this period of higher interest rates. The bank does not sell adjustable-rate mortgages to the secondary market. Home equity lines of credit increased $9 million from the prior year’s quarter as borrowers covered expenses and avoided refinancing their lower interest rate mortgages. Average consumer credit balances decreased $504 thousand, or 3%, versus the same quarter of the prior year on lower recreational vehicle loan volume. Commercial loan demand for operating cash flow and equipment investments is somewhat constrained with households and businesses remaining cautious about discretionary borrowing until there is more confidence in price and employment stability following tensions in the Middle East and rising oil prices. Construction and development and commercial real estate borrowing have continued to exhibit fairly steady demand.

Nonperforming loans were $7.3 million, or 0.84%, of total loans on June 30, 2026, compared to $1.4 million, or 0.17% of total loans, a year ago. The increase in nonperforming loans which includes nonaccrual loans and loans past due 90 days and still accruing, was attributable to a business relationship which has communicated that liquidation may provide greater economic value than continuing operations, due to cash flow pressure. The Bank believes it is well-secured on this relationship. Net loan charge-offs recognized during second quarter 2026 were $28 thousand, compared to second quarter 2025 net loan charge-offs of $362 thousand. The prior year net loan charge-offs were related to a previously reported voluntary liquidation of a commercial credit, for which no further book balances remain and any future recoveries are uncertain at this time.

Average deposit balances increased on a quarter over prior year quarter comparison by $52 million, or 5%. For second quarter 2026, the average cost of deposits amounted to 1.25%, as compared to 1.32% for second quarter 2025. Second quarter 2026 increases in average deposit balances over the prior year quarter included interest bearing checking accounts of $15 million, savings accounts of $6 million, and time deposits of $23 million. Noninterest-bearing accounts increased $8 million from the prior year’s second quarter. The average balance of securities sold under repurchase agreement during the second quarter of 2026 increased by $621 thousand, or 3%, compared to the average for the same period in the prior year.

Shareholders’ equity totaled $133 million on June 30, 2026, with 2.6 million common shares outstanding. The average equity to assets ratio amounted to 10.21% for the quarter ended June 30, 2026. The Company declared a second quarter dividend of $0.43 per share, producing an annualized yield of 2.4% based on June 30, 2026 closing price of $72.00.

About CSB Bancorp, Inc.

CSB is a financial holding company headquartered in Millersburg, Ohio, with approximate assets of $1.3 billion as of June 30, 2026. CSB provides a complete range of banking and other financial services to consumers and businesses through its wholly owned subsidiary, The Commercial and Savings Bank, with sixteen banking centers in Holmes, Wayne, Tuscarawas, and Stark counties and Trust offices located in Millersburg, North Canton, and Wooster, and a loan production office located in Medina, Ohio.

Forward-Looking Statement

This release contains forward-looking statements relating to present or future trends or factors affecting the banking industry, and specifically the financial condition and results of operations, including without limitation, statements relating to the earnings outlook of the Company, as well as its operations, markets, and products. Actual results could differ materially from those indicated. Among the important factors that could cause results to differ materially are interest rate changes, softening in the economy, which could materially impact credit quality trends and the ability to generate loans, changes in the mix of the Company’s business, competitive pressures, changes in accounting, tax or regulatory practices or requirements and those risk factors detailed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission. The Company undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release. See the non-GAAP disclosures at the end of this release for a reconciliation of GAAP and non-GAAP measures.

Contact Information:

Paula J. Meiler, SVP & CFO

330.763.2873

paula.meiler@csb1.com

CSB BANCORP, INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)		Quarters
(Dollars in thousands, except per share data)		2026				2026				2025				2025				2025				2026				2025
EARNINGS		2nd Qtr				1st Qtr				4th Qtr				3rd Qtr				2nd Qtr				6 months				6 months
Net interest income FTE (a)	$		11,904		$		11,493		$		11,450		$		10,968		$		10,376		$		23,397		$		20,088
Provision for credit loss expense			585				495				3,858				501				614				1,080				1,016
Noninterest income			1,952				1,872				1,956				1,866				1,777				3,824				3,473
Noninterest expenses			7,343				7,305				7,249				7,133				6,878				14,648				13,359
FTE adjustment(a)			28				28				30				30				31				56				62
Net income			4,735				4,444				1,869				4,151				3,727				9,179				7,343
Basic and Diluted earnings per share			1.80				1.69				0.71				1.57				1.41				3.49				2.78
PERFORMANCE RATIOS
Return on average assets (ROA), annualized			1.48		%		1.42		%		0.58		%		1.31		%		1.23		%		1.45		%		1.22		%
Return on average common equity (ROE), annualized			14.48				14.03				5.83				13.19				12.48				14.26				12.53
Net interest margin FTE(a)			3.92				3.87				3.73				3.67				3.61				3.89				3.55
Efficiency ratio			53.06				54.75				54.11				55.56				56.62				53.89				56.71
Number of full-time equivalent employees			185				182				178				181				175
MARKET DATA
Book value per common share	$		50.49		$		49.18		$		48.07		$		47.56		$		46.11
Period-end common share market value			72.00				62.36				54.00				49.50				43.50
Market as a % of book			142.60				126.80		%		112.30		%		104.09		%		94.34		%
Price-to-earnings ratio			12.48				11.59				10.65				9.48				9.01
Average basic common shares outstanding			2,627,015				2,627,015				2,629,229				2,636,028				2,639,244				2,627,015				2,641,879
Average diluted common shares outstanding			2,627,015				2,627,015				2,629,229				2,636,028				2,639,244				2,627,015				2,641,879
Period end common shares outstanding			2,627,015				2,627,015				2,627,015				2,632,498				2,638,921
Common stock market capitalization	$		189,145		$		163,821		$		141,859		$		130,309		$		114,793
ASSET QUALITY
Gross charge-offs	$		41		$		13		$		31		$		39		$		368		$		55		$		403
Net charge-offs			28				7				26				11				362				35				391
Allowance for credit losses			13,528				12,947				12,470				8,720				8,251
Nonperforming assets (NPAs)			7,287				1,018				652				746				1,358
Net charge-off / average loans ratio			0.01		%		0.00		%		0.01		%		0.01		%		0.19		%		0.01		%		0.10		%
Allowance for credit losses / period-end loans			1.56				1.52				1.50				1.08				1.05
NPAs/loans and other real estate			0.84				0.12				0.08				0.09				0.17
Allowance for credit losses / nonperforming loans			186				1,272				1,913				1,169				608
CAPITAL & LIQUIDITY
Period-end tangible equity to assets(b)			9.92		%		9.87		%		9.43		%		9.69		%		9.48		%
Average equity to assets			10.21				10.12				9.90				9.96				9.82
Average equity to loans			15.21				15.20				15.56				15.55				15.36
Average loans to deposits			76.83				76.41				72.62				72.97				72.86
AVERAGE BALANCES
Assets	$		1,284,910		$		1,269,557		$		1,285,617		$		1,253,262		$		1,220,306		$		1,277,294		$		1,209,129
Earning assets			1,218,626				1,205,187				1,216,492				1,184,077				1,153,677				1,211,943				1,142,643
Loans			862,329				845,298				818,312				802,858				779,664				853,860				767,830
Deposits			1,122,413				1,106,338				1,126,878				1,100,283				1,070,136				1,114,418				1,059,395
Shareholders' equity			131,165				128,465				127,296				124,818				119,779				129,823				118,175
ENDING BALANCES
Assets	$		1,294,216		$		1,265,503		$		1,292,736		$		1,248,357		$		1,237,969
Earning assets			1,224,138				1,200,667				1,228,856				1,178,781				1,163,268
Loans			869,348				852,718				829,778				810,048				788,070
Deposits			1,133,407				1,101,821				1,127,915				1,096,596				1,089,344
Shareholders' equity			132,630				129,203				126,280				125,190				121,683

Notes:

(a) - Net interest income on a fully-taxable equivalent ("FTE") basis, restates interest on tax-exempt securities and loans as if such interest were subject to federal income tax at the 21% statutory rate. Net interest income on an FTE basis differs from net interest income under U.S. Generally Accepted Accounting Principles, and is considered a non-GAAP measure.

(b) - Tangible equity is a non-GAAP measure, which is shareholders' equity net of goodwill.

CSB BANCORP, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)		June 30,					June 30,
(Dollars in thousands, except per share data)		2026					2025
ASSETS
Cash and cash equivalents
Cash and due from banks	$		24,345			$		27,000
Interest-bearing deposits with banks			57,182					68,290
Total cash and cash equivalents			81,527					95,290
Securities
Available-for-sale, at fair-value			121,067					110,067
Held-to-maturity			174,421					195,048
Equity securities			325					273
Restricted stock, at cost			1,645					1,520
Total securities			297,458					306,908
Loans held for sale			150					-
Loans			869,348					788,070
Less allowance for credit losses			13,528					8,251
Net loans			855,820					779,819
Premises and equipment, net			13,604					13,795
Goodwill			4,728					4,728
Bank owned life insurance			31,689					28,669
Accrued interest receivable and other assets			9,240					8,760
TOTAL ASSETS	$		1,294,216			$		1,237,969
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits:
Noninterest-bearing	$		287,118			$		282,784
Interest-bearing			846,289					806,560
Total deposits			1,133,407					1,089,344
Short-term borrowings			22,014					22,364
Other borrowings			694					965
Accrued interest payable and other liabilities			5,471					3,613
TOTAL LIABILITIES			1,161,586					1,116,286
SHAREHOLDERS' EQUITY
Common stock, $6.25 par value. Authorized 9,000,000 shares;
issued 2,980,602 shares in 2026 and 2025			18,629					18,629
Additional paid-in capital			9,815					9,815
Retained earnings			119,066					108,309
Treasury stock at cost - 353,587 shares in 2026
and 341,681 shares in 2025			(9,293	)				(8,730	)
Accumulated other comprehensive loss			(5,587	)				(6,340	)
TOTAL SHAREHOLDERS' EQUITY			132,630					121,683
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$		1,294,216			$		1,237,969

CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME

		Quarters ended										Six months ended
(Unaudited)		June 30,										June 30,
(Dollars in thousands, except per share data)		2026					2025					2026					2025
Interest and dividend income:
Loans, including fees	$		12,998			$		11,497			$		25,524			$		22,372
Taxable securities			1,885					1,678					3,847					3,473
Nontaxable securities			65					75					129					150
Other			476					678					894					1,214
Total interest and dividend income			15,424					13,928					30,394					27,209
Interest expense:
Deposits			3,486					3,515					6,924					7,042
Other			62					68					129					141
Total interest expense			3,548					3,583					7,053					7,183
Net interest income			11,876					10,345					23,341					20,026
Provision for credit loss expense			585					614					1,080					1,016
Net interest income, after provision
for credit loss expense			11,291					9,731					22,261					19,010
Noninterest income
Service charges on deposit accounts			325					297					631					592
Trust services			289					268					607					546
Debit card interchange fees			599					550					1,142					1,065
Credit card fees			193					151					384					301
Earnings on bank owned life insurance			266					229					521					445
Gain on sale of loans			75					81					127					130
Unrealized gain on equity securities			17					6					41					6
Other			188					195					371					388
Total noninterest income			1,952					1,777					3,824					3,473
Noninterest expenses
Salaries and employee benefits			4,249					3,921					8,482					7,618
Occupancy expense			336					352					684					708
Equipment expense			210					223					418					429
Professional and director fees			411					392					869					805
Software expense			524					441					1,045					844
Marketing and public relations			153					154					284					259
Debit card expense			221					198					429					409
Financial institutions tax			252					233					505					463
FDIC insurance expense			143					135					290					285
Other expenses			844					829					1,642					1,539
Total noninterest expenses			7,343					6,878					14,648					13,359
Income before income taxes			5,900					4,630					11,437					9,124
Federal income tax provision			1,165					903					2,258					1,781
Net income	$		4,735			$		3,727			$		9,179			$		7,343
Net income per share:
Basic and diluted	$		1.80			$		1.41			$		3.49			$		2.78

CSB BANCORP, INC.

NON-GAAP DISCLOSURES

NET INTEREST INCOME, FULLY-TAXABLE EQUIVALENT

		Quarters ended										Six months ended
(Unaudited)		June 30,										June 30,
(Dollars in thousands)		2026					2025					2026					2025
Net interest income	$		11,876			$		10,345			$		23,341			$		20,026
Taxable equivalent adjustment1			28					31					56					62
Net interest income, FTE	$		11,904			$		10,376			$		23,397			$		20,088
Net interest margin			3.91		%			3.60		%			3.88		%			3.54		%
Taxable equivalent adjustment1			0.01					0.01					0.01					0.01
Net interest margin, FTE			3.92		%			3.61		%			3.89		%			3.55		%

1 Net interest income on a fully-taxable equivalent ("FTE") basis, restates interest on tax-exempt securities and loans as if such interest were subject to federal income tax at the statutory rate. Net interest income on an FTE basis differs from net interest income under U.S. Generally Accepted Accounting Principles, and is considered a non-GAAP measure.

PRE-PROVISION NET REVENUE

		Quarters ended										Six months ended
(Unaudited)		June 30,										June 30,
(Dollars in thousands)		2026					2025					2026					2025
Pre-Provision Net Revenue (PPNR)
Net interest income	$		11,876			$		10,345			$		23,341			$		20,026
Total noninterest income			1,952					1,777					3,824					3,473
Total revenue			13,828					12,122					27,165					23,499
Less: Noninterest expense			7,343					6,878					14,648					13,359
PPNR (Non-GAAP)	$		6,485			$		5,244			$		12,517			$		10,140

TANGIBLE EQUITY

(Unaudited)		June 30,					June 30,
(Dollars in thousands)		2026					2025
Total Shareholders' Equity (GAAP)	$		132,630			$		121,683
Less: Goodwill			4,728					4,728
Tangible Shareholders' Equity (Non-GAAP)	$		127,902			$		116,955

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