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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
 FORM 10-K (Mark one)þ ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 For the fiscal year ended December 31, 2003 o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 For the transition period from ______________ to ________________ Commission File No. 0-21714 CSB BANCORP, INC.  Ohio
(State or other jurisdiction of incorporation or organization)
    
    34-1687530
(I.R.S. Employer Identification No.)6 West Jackson Street
Millersburg, Ohio
(Address of principal executive offices)
    
    44654
(Zip code)
 (330) 674-9015
(Registrants telephone number) Securities registered under Section 12(b) of the Act: None Securities registered under Section 12(g) of the Act: Common Shares, $6.25 par value (Title of class) 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. þ o
 Indicate by check mark if disclosure of delinquent filers in response to Item
405 of Regulation S-K is not contained herein and will not be contained, to the
best of registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. þ Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Rule 12b-2). o þ
 At June 30, 2003, the aggregate market value of the voting stock held by
nonaffiliates of the registrant, based on a share price of $17.00 per share
(such price being the last trade price on such date) was $43.5 million. At March 22, 2004, there were outstanding 2,644,351 of the registrants Common
Shares., $6.25 par value.




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TABLE OF CONTENTS  PART IITEM 1  DESCRIPTION OF BUSINESSITEM 2  PROPERTIESITEM 3  LEGAL PROCEEDINGSITEM 4  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSPART IIITEM 5  MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERSITEM 6  SELECTED FINANCIAL DATAITEM 7  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND            RESULTS OF OPERATIONSITEM 7A  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 8  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAITEM 9  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON            ACCOUNTING AND FINANCIAL DISCLOSUREITEM 9A  CONTROLS AND PROCEDURESPART IIIITEM 10  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTITEM 11  EXECUTIVE COMPENSATIONITEM 12  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERSITEM 13  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONSITEM 14  PRINCIPAL ACCOUNTANT FEES AND SERVICESPART IVITEM 15  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-KSIGNATURESEX-11 Computation of Per Share EarningsEX-13 Annual ReportEX-21 SubsidiaryEX-23.1 Consent of Clifton Gunderson LLPEX-31.1 302 CertEX-31.2EX-32.1 906 CertEX-32.2 906 Cert    Table of Contents  DOCUMENTS INCORPORATED BY REFERENCE Portions of Registrants 2003 Annual Report to Shareholders.
Portions of Registrants Proxy Statement dated March 18, 2004. 
 PART I Available Information Our website address is www.csb1.com. We make our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and all amendments
to those reports available free of charge on our website as soon as reasonably
practicable after such material is electronically filed with the Securities and
Exchange Commission (the SEC). We also make available through our website,
other reports filed with the SEC under the Exchange Act, including our proxy
statements and reports filed by officers and directors under Section 16(a) of
that Act, as well as our Code of Ethics. We do not intend for information
contained in our website to be part of this Annual Report on Form 10-K. In addition, the public may read and copy any materials we filed with the SEC
at the SECs Public Reference Room at 450 Fifth Street, NW, Washington DC
20549. Information on the operation of the Public Reference Room is available
by calling the SEC at 1-800-SEC-0330. Also, the SEC maintains an Internet site
that contains reports, proxy and information statements and other information
at www.sec.gov. 
 ITEM 1  DESCRIPTION OF BUSINESS General CSB Bancorp, Inc. (the Company), is a registered bank holding company under
the Bank Holding Company Act of 1956, as amended, and was incorporated under
the laws of the State of Ohio in 1991. The Commercial and Savings Bank (the
Bank), an Ohio banking corporation chartered in 1879, is a wholly-owned
subsidiary of the Company. The Bank is a member of the Federal Reserve system,
and its deposits are insured up to the maximum provided by the law by the
Federal Deposit Insurance Corporation. The primary banking regulators of the
Bank are the Ohio Division of Financial Institutions and the Federal Reserve
Board. The Bank provides retail and commercial banking services to its customers,
including checking and savings accounts, time deposits, IRAs, safe deposit
facilities, personal loans, commercial loans, real estate mortgage loans,
installment loans, night depository facilities and trust services. The Bank grants residential real estate, commercial real estate, consumer and
commercial loans to customers located primarily in Holmes County and portions
of surrounding counties in Ohio. The general economic conditions in the
Companys market area have been sound. Unemployment statistics have generally
been among the lowest in the state of Ohio and real estate values have been
stable to rising. Certain risks are involved in granting loans, primarily related to the
borrowers ability and willingness to repay the debt. Before the Bank extends
or renews a new loan to a customer, these risks are assessed through a review
of the borrowers past and current credit history, collateral being used to
secure the transaction, borrowers character, and other factors. Once the
decision has been made to extend credit, the Banks independent loan review
function monitors these factors throughout the life of the loan. For all
commercial loan relationships greater than $100,000, the Banks internal credit
department performs an annual risk rating review. In addition to this review,
an independent outside loan review firm is engaged to review all watch list and
adversely classified credits, commercial loan relationships greater than
$250,000, a sample of commercial loan relationships less than $250,000 and a
sample of consumer/mortgage loans. In addition, any loan identified as a
problem credit by management and/or the external loan review consultants is
assigned to the Banks loan watch list, and is subject to ongoing review by
the Banks credit department and the assigned loan officer to ensure
appropriate action is taken when deterioration has occurred.




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Commercial loans are variable as well as fixed rate and include operating lines
of credit and term loans made to small businesses primarily based on their
ability to repay the loan from the cash flow of the business. Such loans are
typically secured by business assets such as equipment and inventory, and
occasionally by the business owners principal residence. When the borrower is
not an individual, the Bank generally obtains the personal guarantee of the
business owner. As compared to consumer lending, which includes single-family
residence, personal installment loans and automobile loans, commercial lending
entails significant additional risks. These loans typically involve larger
loan balances, are generally dependent on the cash flow of the business, and
thus may be subject to a greater extent to adverse conditions in the general
economy or in a specific industry. Management reviews the borrowers cash
flows when deciding whether to grant the credit to evaluate whether estimated
future cash flows will be adequate to service principal and interest of the new
obligation in addition to existing obligations. Commercial real estate loans are primarily secured by borrower-occupied
business real estate and are dependent on the ability of the related business
to generate adequate cash flow to service the debt. Commercial real estate
loans are generally originated with a loan-to-value ratio of 75% or less.
Management performs much the same analysis when deciding whether to grant a
commercial real estate loan as when deciding whether to grant a commercial
loan. Residential real estate loans carry both fixed and variable rates and are
secured by the borrowers residence. Such loans are made based on the
borrowers ability to make repayment from employment and other income.
Management assesses the borrowers ability to repay the debt through review of
credit history and ratings, verification of employment and other income, review
of debt-to-income ratios and other measures of repayment ability. The Bank
generally makes these loans in amounts of 90% or less of the value of
collateral. An appraisal is obtained from a qualified real estate appraiser
for substantially all loans secured by real estate. Construction loans are
secured by residential and business real estate that generally will be occupied
by the borrower on completion. While not contractually required to do so, the
Bank usually makes the permanent loan at the end of the construction phase.
Construction loans also are made in amounts of 90% or less of the value of the
collateral. Installment loans to individuals include loans secured by automobiles and other
consumer assets, including second mortgages on personal residences. Consumer
loans for the purchase of new automobiles generally do not exceed 80% of the
purchase price of the car. Loans for used cars generally do not exceed average
wholesale or trade-in values as stipulated in a recent auto-industry used-car
price guide. Credit card and overdraft protection loans are unsecured personal
lines of credit to individuals of demonstrated good credit character with
reasonably assured sources of income and satisfactory credit histories.
Consumer loans generally involve more risk than residential mortgage loans
because of the type and nature of collateral and, in certain types of consumer
loans, absence of collateral. Since these loans are generally repaid from
ordinary income of the individual or family unit, repayment may be adversely
affected by job loss, divorce, ill health or by general decline in economic
conditions. The Bank assesses the borrowers ability to make repayment through
a review of credit history, credit ratings, debt-to-income ratios and other
measures of repayment ability. While the Companys chief decision-makers monitor the revenue streams of the
various Company products and services, operations are managed and financial
performance is evaluated on a Company-wide basis. Accordingly, all of the
Companys banking operations are considered by management to be aggregated in
one reportable operating segment. Employees At December 31, 2003, the Bank had 141 employees, 114 of which were employed
on a full-time basis. The Company has no separate employees not also employed
by the Bank. No employees are covered by collective bargaining agreements.
Management considers its employee relations to be good. Competition The Bank operates in a highly-competitive industry due, in part, to Ohio law
permitting statewide branching by banks, savings and loan associations and
credit unions. Ohio law also permits nationwide interstate banking on a
reciprocal basis. In its primary market area of Holmes and surrounding
counties, the Bank competes for new deposit dollars and loans with several
other commercial banks, both large regional banks and smaller community banks,
as well as savings and loan associations, credit unions, finance companies,
insurance companies, brokerage firms and investment companies. The ability to
generate earnings is impacted, in part, by competitive pricing on loans and
deposits and by changes in the rates on various U.S. Treasury and State and
political subdivision issues which comprise a significant portion of the Banks
investment portfolio, and which rates are used as indices on several loan
products. The Bank believes its presence in the Holmes County area provides
the Bank with a competitive advantage due to its large asset base and ability
to make loans and provide services to the local community.




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On November 12, 1999, President Clinton signed into law the Gramm-Leach-Bliley
Act of 1999 (Gramm-Leach) that permits bank holding companies to become
financial holding companies and thereby affiliate with securities firms and
insurance companies and engage in other activities that are financial in
nature. Gramm-Leach may significantly change the competitive environment in
which the Company conducts business. See Financial Modernization for further
discussion. Supervision and Regulation The Bank is subject to supervision, regulation and periodic examination by the
State of Ohio Division of Financial Institutions and the Federal Reserve Board.
Because the Federal Deposit Insurance Corporation insures its deposits, the
Bank is also subject to certain regulations of that federal agency. As a bank
holding company, the Company is subject to supervision, regulation and periodic
examination by the Federal Reserve Board. The earnings of the Company and the
Bank are affected by state and federal laws and regulations, and by policies of
various regulatory authorities. These policies include, for example, statutory
maximum lending rates, requirements on maintenance of reserves against
deposits, domestic monetary policies of the Board of Governors of the Federal
Reserve System, United States fiscal policy, international currency regulations
and monetary policies, certain restrictions on banks relationships with many
phases of the securities business and capital adequacy and liquidity
restraints. Financial Modernization Pursuant to Gramm-Leach, a bank holding company may become a financial holding
company if each of its subsidiary banks is well capitalized under regulatory
prompt corrective action provisions, is well managed, and has at least a
satisfactory rating under the Community Reinvestment Act (CRA) by filing a
declaration that the bank holding company wishes to become a financial holding
company. No prior regulatory approval will be required for a financial holding
company to acquire a company, other than a bank or savings association, engaged
in activities that are financial in nature or incidental to activities that are
financial in nature, as determined by the Federal Reserve Board. Gramm-Leach defines financial in nature to include securities underwriting,
dealing and market making; sponsoring mutual funds and investment companies;
insurance underwriting and agency; merchant banking activities; and activities
that the Board has determined to be closely related to banking. Subsidiary
banks of a financial holding company must continue to be well capitalized and
well managed in order to continue to engage in activities that are financial in
nature without regulatory actions or restrictions, which could include
divestiture of the financial in nature subsidiary or subsidiaries. In
addition, a financial holding company or a bank may not acquire a company that
is engaged in activities that are financial in nature unless each of the
subsidiary banks of the financial holding company or the bank has CRA rating of
satisfactory or better. Statistical Disclosures The following schedules present, for the periods indicated, certain financial
and statistical information of the Company as required under the Securities and
Exchange Commissions Industry Guide 3, or a specific reference as to the
location of required disclosures in the Companys 2003 Annual Report to
Shareholders (the Annual Report). I. Distribution of Assets, Liabilities and Stockholders Equity; Interest
Rates and Interest Differential A&B. Average Balance Sheet and Related Analysis of Net Interest Earnings: The
information set forth under the heading Average Balances, Rates and Yields
which is incorporated by reference pursuant to Part II, Item 7 of this
document, is incorporated herein by reference. C. Interest Differential: The information set forth under the heading
Rate/Volume Analysis of Changes in Income and Expense which is incorporated
by reference pursuant to Part II, Item 7 of this document, is incorporated
herein by reference.




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II. Securities Portfolio A. The following is a schedule of the carrying value of securities at December
31, 2003, 2002 and 2001. (In thousands of dollars)
    
    2003
    
    2002
    
    2001Securities available for sale (at fair value)U.S. Treasury securities
    
    $
    
    
    
    $
    
    
    
    $
    U.S. Government corporations and agencies
    
    
    24,084
    
    
    
    18,675
    
    
    
    32,444Mortgage-related securities
    
    
    4,260
    
    
    
    3,339
    
    
    
    1,004Corporate security
    
    
    646
    
    
    
    658
    
    
    
    $
    28,990
    
    
    $
    22,672
    
    
    $
    33,448Securities held to maturity (at amortized cost)U.S. Treasury securities
    
    $
    102
    
    
    $
    102
    
    
    $
    102U.S. Government corporations and agencies
    
    
    1,000
    
    
    
    7,001
    
    
    
    8,002Obligations of states and political subdivisions
    
    
    34,990
    
    
    
    40,720
    
    
    
    48,571$
    36,092
    
    
    $
    47,823
    
    
    $
    56,675
 B. The following is a schedule of maturities for each category of debt
securities and the related weighted average yield of such securities as of
December 31, 2003: (In thousands of dollars)MaturingAfter One Year Through
    
    After Five Years ThroughOne Year or Less
    
    Five Years
    
    Ten Years
    
    After Ten YearsAmount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    YieldAvailable for saleU.S. TreasuryU.S. Government
corporations and
agencies
    
    $
    1,499
    
    
    
    1.02
    %
    
    $
    22,585
    
    
    
    2.55
    %Mortgage-related
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    4,260
    
    
    
    3.60
    %Corporate notes
    
    
    
    
    
    
    
    
    
    
    646
    
    
    
    5.20Total
    
    $
    1,499
    
    
    
    1.02
    %
    
    $
    23,231
    
    
    
    2.62
    %
    
    
    
    
    
    
    
    
    
    $
    4,260
    
    
    
    3.60
    %Held to maturityU.S. Treasury
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    102
    
    
    
    7.70
    %U.S. Government
corporations and
agencies
    
    
    1,000
    
    
    
    5.91
    %Obligations of
states and
political
subdivisions
    
    
    6,430
    
    
    
    6.85
    
    
    
    15,878
    
    
    
    7.27
    
    
    
    12,682
    
    
    
    7.61Total
    
    $
    7,430
    
    
    
    6.72
    %
    
    $
    15,878
    
    
    
    7.27
    %
    
    $
    12,682
    
    
    
    7.61
    %
    
    $
    102
    
    
    
    7.70
    %




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The weighted average yields are calculated using amortized cost of investments
and are based on coupon rates for securities purchased at par value, and on
effective interest rates considering amortization or accretion if securities
were purchased at a premium or discount. The weighted average yield on
tax-exempt obligations is presented on a tax-equivalent basis based on the
Companys marginal federal income tax rate of 34%. Other securities consist of
Federal Reserve Bank and Federal Home Loan Bank stock bearing no stated
maturity or yield and are not included in this analysis. C. Excluding holdings of U.S. Treasury securities and other agencies and
corporations of the U.S. Government, there were no investments in securities of
any one issuer that exceeded 10% of the Companys consolidated shareholders
equity at December 31, 2003. III. Loan Portfolio A. Types of Loans  Total loans on the balance sheet are comprised of the
following classifications at December 31: (In thousands of dollars)
    
    2003
    
    2002
    
    2001
    
    2000
    
    1999Commercial
    
    $
    73,559
    
    
    $
    74,907
    
    
    $
    68,180
    
    
    $
    85,458
    
    
    $
    86,186Commercial real estate
    
    
    49,160
    
    
    
    41,665
    
    
    
    31,170
    
    
    
    39,122
    
    
    
    35,690Residential real estate
    
    
    72,944
    
    
    
    65,653
    
    
    
    55,228
    
    
    
    56,342
    
    
    
    31,511Residential real estate loans held for sale
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    20,533Construction
    
    
    5,503
    
    
    
    5,453
    
    
    
    1,255
    
    
    
    7,543
    
    
    
    7,447Installment and credit card
    
    
    12,251
    
    
    
    12,382
    
    
    
    13,518
    
    
    
    18,033
    
    
    
    17,645Total loans
    
    $
    213,417
    
    
    $
    200,060
    
    
    $
    169,351
    
    
    $
    206,498
    
    
    $
    199,012
 B. Maturities and Sensitivities of Loans to Changes in Interest Rates  The
following is a schedule of maturities of loans based on contract terms and
assuming no amortization or prepayments, excluding real estate mortgage and
installment loans, as of December 31, 2003: MaturingOne Year
    
    One Through Five(In thousands of dollars)
    
    or Less
    
    Years
    
    After Five Years
    
    TotalCommercial
    
    $
    22,868
    
    
    $
    32,650
    
    
    $
    18,041
    
    
    $
    73,559Commercial real estate
    
    
    5,641
    
    
    
    15,183
    
    
    
    28,336
    
    
    
    49,160Construction
    
    
    367
    
    
    
    
    
    
    
    5,136
    
    
    
    5,503Total
    
    $
    28,876
    
    
    $
    47,833
    
    
    $
    51,513
    
    
    $
    128,222
 The following is a schedule of fixed rate and variable rate commercial,
commercial real estate and real estate construction loans due after one year
from December 31, 2003. (In thousands of dollars)
    
    Fixed Rate
    
    Variable RateTotal commercial, commercial real estate and construction
loans due after one year
    
    $
    17,873
    
    
    $
    81,473




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C. Risk Elements 1. Nonaccrual, Past Due and Restructured Loans  The following schedule
summarizes nonaccrual, past due and restructured loans. December 31(In thousands of dollars)
    
    2003
    
    2002
    
    2001
    
    2000
    
    1999(a) Loans accounted for on a nonaccrual basis
    
    $
    1,170
    
    
    $
    1,721
    
    
    $
    3,159
    
    
    $
    1,119
    
    
    $
    529(b) Accruing loans that are contractually
past due 90 days or more as to interest or
principal payments
    
    
    75
    
    
    
    
    
    
    
    119
    
    
    
    226
    
    
    
    1,008(c) Loans which are troubled debt
restructuring as defined in Statement of
Financial Accounting standards No. 15
(exclusive of loans in (a) or (b) above):
    
    
    -0-
    
    
    
    -0-
    
    
    
    -0-
    
    
    
    -0-
    
    
    
    -0-Totals
    
    $
    1,345
    
    
    $
    1,721
    
    
    $
    3,278
    
    
    $
    1,345
    
    
    $
    1,537
 The policy for placing loans on nonaccrual status is to cease accruing interest
on loans when management believes that collection of interest is doubtful, when
commercial loans are past due as to principal and interest 90 days or more or
when mortgage and consumer loans are past due as to principal and interest 120
days or more, except that in certain circumstances interest accruals are
continued on loans deemed by management to be well-secured and in process of
collection. In such cases, loans are individually evaluated in order to
determine whether to continue income recognition after 90 days beyond the due
date. When loans are placed on nonaccrual, any accrued interest is charged
against interest income. Consumer loans are not placed on non-accrual but are
charged off after 120 days past due. (d) Impaired Loans  Information regarding impaired loans at December 31 is as
follows: (In thousands of dollars)
    
    2003
    
    2002
    
    2001Balance of impaired loans at December 31
    
    $
    897
    
    
    $
    916
    
    
    $
    4,303Less portion for which no allowance for loan loss is allocated
    
    
    
    
    
    
    
    
    
    
    634Portion of impaired loan balance for which an allowance for
loan losses is allocated
    
    
    897
    
    
    
    916
    
    
    
    3,669Portion of allowance for loan losses allocated to the
impaired loan balance at December 31
    
    
    251
    
    
    
    239
    
    
    
    1,061
 Interest income recognized on impaired loans during the year amounted to
$52,000 while $66,000 would have been recognized had the loans been performing
under their contractual terms. Impaired loans are comprised of commercial and commercial real estate loans,
and are carried at the present value of expected cash flows discounted at the
loans effective interest rate or at fair value of the collateral if the loan
is collateral dependent. A portion of the allowance for loan losses is
allocated to impaired loans. Smaller-balance homogeneous loans are evaluated for impairment in total. Such
loans include residential first-mortgage loans secured by one- to four-family
residences, residential construction loans, and automobile, home equity and
second-mortgage loans less than $100,000. Such loans are included in
nonaccrual and past due disclosures in (a) and (b) above, but not in the
impaired loan totals. Commercial loans and mortgage loans secured by other
properties are evaluated individually for impairment. When analysis of
borrower operating results and financial condition indicates that underlying
cash flows of the borrowers business are not adequate to meet its debt service
requirements, the loan is evaluated for impairment. Impaired loans, or
portions thereof, are charged off when deemed uncollectible. 2. Potential Problem Loans  At December 31, 2003, no loans were identified
that management has serious doubts about the borrowers ability to comply with
present loan repayment terms that are not included in item III.C.1. On a
monthly basis, the Company internally classifies certain loans based on various
factors. At December 31, 2003, these amounts, including impaired and
nonperforming loans, amounted to $6.2 million of substandard loans and $15,000
of doubtful loans.




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3. Foreign Outstandings  There were no foreign outstandings during any period
presented. 4. Loan Concentrations  As of December 31, 2003, there are no concentrations
of loans greater than 10% of total loans that are not otherwise disclosed as a
category of loans in Item III.A above. D. Other Interest-Bearing Assets  As of December 31, 2003, there are no other
interest-bearing assets required to be disclosed under Item III.C.1 or 2 if
such assets were loans. IV. Summary Of Loan Loss Experience A. The following schedule presents an analysis of the allowance for loan
losses, average loan data and related ratios for the years ended December 31: (In thousands of dollars)
    
    2003
    
    2002
    
    2001
    
    2000
    
    1999LOANSAverage loans outstanding
during period
    
    $
    209,231
    
    
    $
    181,147
    
    
    $
    186,665
    
    
    $
    208,193
    
    
    $
    191,112ALLOWANCE FOR LOAN LOSSESBalance at beginning of period
    
    $
    2,701
    
    
    $
    4,019
    
    
    $
    7,460
    
    
    $
    3,419
    
    
    $
    2,888Loans charged off:Commercial
    
    
    (56
    )
    
    
    (429
    )
    
    
    (1,585
    )
    
    
    (1,633
    )
    
    
    (417
    )Commercial real estate
    
    
    (97
    )
    
    
    (342
    )
    
    
    (1,441
    )
    
    
    (6
    )
    
    
    (0
    )Residential real estate
    
    
    (70
    )
    
    
    (154
    )
    
    
    (151
    )
    
    
    (18
    )
    
    
    (4
    )Installment and credit card
    
    
    (115
    )
    
    
    (240
    )
    
    
    (571
    )
    
    
    (590
    )
    
    
    (184
    )Total loans charged off
    
    
    (338
    )
    
    
    (1,165
    )
    
    
    (3,748
    )
    
    
    (2,247
    )
    
    
    (605
    )Recoveries of loans
previously charged off:Commercial
    
    
    7
    
    
    
    244
    
    
    
    126
    
    
    
    52
    
    
    
    7Commercial real estate
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0Residential real estate
    
    
    70
    
    
    
    36
    
    
    
    42
    
    
    
    0
    
    
    
    1Installment
    
    
    70
    
    
    
    153
    
    
    
    104
    
    
    
    94
    
    
    
    28Total loan recoveries
    
    
    147
    
    
    
    433
    
    
    
    272
    
    
    
    146
    
    
    
    36Net loans charged off
    
    
    (191
    )
    
    
    (732
    )
    
    
    (3,476
    )
    
    
    (2,101
    )
    
    
    (569
    )Provision charged to
operating expense
    
    
    (51
    )
    
    
    (586
    )
    
    
    35
    
    
    
    6,142
    
    
    
    1,100Balance at end of period
    
    $
    2,459
    
    
    $
    2,701
    
    
    $
    4,019
    
    
    $
    7,460
    
    
    $
    3,419Ratio of net charge-offs to
average loans outstanding for
period
    
    
    .09
    %
    
    
    .40
    %
    
    
    1.86
    %
    
    
    1.01
    %
    
    
    .30
    %
 The allowance for loan losses balance and provision charged to expense are
determined by management based on periodic reviews of the loan portfolio, past
loan loss experience, economic conditions and various other circumstances
subject to change over time. In making this judgment, management reviews
selected large loans, as well as impaired loans, other delinquent, nonaccrual
and problem loans and loans to industries experiencing economic difficulties.
The collectibility of these loans is evaluated after considering current
operating results and financial position of the borrower, estimated market
value of collateral, guarantees and the Companys collateral position versus
other creditors. Judgments, which are necessarily subjective, as to the
probability of loss and amount of such loss are formed on these loans, as well
as other loans taken together. B. The following schedule is a breakdown of the allowance for loan losses
allocated by type of loan and related ratios. While managements periodic
analysis of the adequacy of the allowance for loan losses may allocate portions
of the allowance for specific problem-loan situations, the entire allowance is
available for any loan charge-offs that occur.




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##### Table of Contents



Allocation of the Allowance for Loan Losses(In thousands of dollars)Percentage of
    
    
    
    
    
    Percentage of
    
    
    
    
    
    Percentage ofLoans in
    
    
    
    
    
    Loans in
    
    
    
    
    
    Loans inEach
    
    
    
    
    
    Each
    
    
    
    
    
    EachAllowance
    
    Category to
    
    Allowance
    
    Category to
    
    Allowance
    
    Category toAmount
    
    Total Loans
    
    Amount
    
    Total Loans
    
    Amount
    
    Total LoansDecember 31, 2003
    
    December 31, 2002
    
    December 31, 2001Commercial
    
    $
    741
    
    
    
    34.47
    %
    
    $
    809
    
    
    
    37.44
    %
    
    $
    2,011
    
    
    
    40.26
    %Commercial real
estate
    
    
    759
    
    
    
    23.03
    
    
    
    908
    
    
    
    20.82
    
    
    
    1,132
    
    
    
    18.41Residential real
estate
    
    
    768
    
    
    
    34.18
    
    
    
    491
    
    
    
    32.82
    
    
    
    370
    
    
    
    32.61Construction
    
    
    30
    
    
    
    2.58
    
    
    
    35
    
    
    
    2.73
    
    
    
    0
    
    
    
    .74Installment and
credit card
    
    
    70
    
    
    
    5.74
    
    
    
    231
    
    
    
    6.19
    
    
    
    401
    
    
    
    7.98Unallocated
    
    
    91
    
    
    
    
    
    
    
    227
    
    
    
    
    
    
    
    105
    
    
    
    Total
    
    $
    2,459
    
    
    
    100.00
    %
    
    $
    2,701
    
    
    
    100.00
    %
    
    $
    4,019
    
    
    
    100.00
    %
   [Continued from above table, first column(s) repeated] Allocation of the Allowance for Loan Losses(In thousands of dollars)Percentage of
    
    
    
    
    
    Percentage ofLoans in
    
    
    
    
    
    Loans inEach
    
    
    
    
    
    EachAllowance
    
    Category to
    
    Allowance
    
    Category toAmount
    
    Total Loans
    
    Amount
    
    Total LoansDecember 31, 2000
    
    December 31, 1999Commercial
    
    $
    3,879
    
    
    
    41.39
    %
    
    $
    1,114
    
    
    
    43.31
    %Commercial real
estate
    
    
    2,486
    
    
    
    18.95
    
    
    
    863
    
    
    
    17.93Residential real
estate
    
    
    214
    
    
    
    27.28
    
    
    
    773
    
    
    
    26.15Construction
    
    
    0
    
    
    
    3.65
    
    
    
    0
    
    
    
    3.74Installment and
credit card
    
    
    628
    
    
    
    8.73
    
    
    
    317
    
    
    
    8.87Unallocated
    
    
    253
    
    
    
    
    
    
    
    352
    
    
    
    Total
    
    $
    7,460
    
    
    
    100.00
    %
    
    $
    3,419
    
    
    
    100.00
    %




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##### Table of Contents



V. Deposits A. & B. The following is a schedule of average deposit amounts and average
rates paid on each category for the periods indicated: Average
    
    AverageAmounts Outstanding
    
    Rate PaidYear ended December 31
    
    Year ended December 312003
    
    2002
    
    2001
    
    2003
    
    2002
    
    2001(In thousands of dollars)Noninterest-bearing demand
    
    $
    30,551
    
    
    $
    27,884
    
    
    $
    26,446
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/AInterest-bearing demand
deposits
    
    
    46,687
    
    
    
    44,456
    
    
    
    40,625
    
    
    
    .41
    %
    
    
    .92
    %
    
    
    1.56
    %Savings deposits
    
    
    37,989
    
    
    
    35,759
    
    
    
    33,508
    
    
    
    .53
    
    
    
    .99
    
    
    
    2.08Time deposits
    
    
    121,298
    
    
    
    126,981
    
    
    
    160,098
    
    
    
    2.85
    
    
    
    3.94
    
    
    
    5.86Total deposits
    
    $
    236,525
    
    
    $
    235,080
    
    
    $
    260,677
 C. and E. There were no foreign deposits in any period presented. D. The following is a schedule of maturities of time certificates of deposit
in amounts of $100,000 or more as of December 31, 2003: (In thousands of dollars)Three months or less
    
    $
    15,620Over three through six months
    
    
    5,662Over six through twelve months
    
    
    6,461Over twelve months
    
    
    9,836Total
    
    $
    37,579
 VI. Return On Equity and Assets 2003
    
    2002
    
    2001Return on average assets
    
    
    0.68
    %
    
    
    0.65
    %
    
    
    0.34
    %Return on average shareholders equity
    
    
    6.00
    
    
    
    5.76
    
    
    
    3.32Dividend payout ratio
    
    
    61.48
    
    
    
    41.04
    
    
    
    24.78Average shareholders equity to average assets
    
    
    11.35
    
    
    
    11.30
    
    
    
    10.16




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##### Table of Contents



VII. Short-Term Borrowings Short-term borrowings consist of securities sold under agreements to repurchase
and federal funds purchased. Securities sold under agreements to repurchase
generally mature within three months from the transaction date. Federal funds
purchased generally have overnight terms. Information concerning short-term
borrowings is summarized as follows: Dollars in thousands
    
    2003
    
    2002
    
    2001Securities sold under agreements to repurchase and
federal funds purchased at period-end
    
    $
    11,859
    
    
    $
    14,448
    
    
    $
    14,957Weighted average interest rate at period-end
    
    
    .56
    %
    
    
    .76
    %
    
    
    0.53
    %Maximum outstanding at any month-end during the year
    
    
    13,738
    
    
    
    15,596
    
    
    
    16,890Average amount outstanding
    
    
    12,885
    
    
    
    13,760
    
    
    
    12,930Weighted average rates during the year
    
    
    .61
    %
    
    
    .82
    %
    
    
    2.11
    %
 
 ITEM 2  PROPERTIES The Bank owns and operates its main office at 6 West Jackson Street,
Millersburg, Ohio 44654. The Bank also operates eight banking centers and one
other property as noted below: The Berlin Banking Center, 4587 S. R. 39, Suite B, Berlin, Ohio 44610 (leased) The South Clay Banking Center, 91 S. Clay Street, Millersburg, Ohio 44654
(owned) The Winesburg Banking Center, 2225 U.S. 62, Winesburg, Ohio 44690 (owned) The Clinton Commons Banking Center, 2101 Glen Drive, Millersburg, Ohio 44654
(leased) The Walnut Creek Banking Center, 4980 Old Pump Street, Walnut Creek, Ohio 44687
(owned) The Charm Banking Center, 4440 C.R. 70, Charm, Ohio 44617 (leased) The Sugarcreek Banking Center, 127 S. Broadway, Sugarcreek, Ohio 44681 (owned) The Operations Center, 91 North Clay Street, Millersburg, Ohio 44654 (owned) The Shreve Banking Center, 333 W. South Street, Shreve, OH 44676 (owned) The Bank considers its physical properties to be in good operating condition
and suitable for the purposes for which they are being used. All properties
owned by the Bank are unencumbered by any mortgage or security interest and are
adequately insured, in managements opinion. 
 ITEM 3  LEGAL PROCEEDINGS There is no pending litigation, other than routine litigation incidental to the
business of the Company and Bank, or of a material nature involving or naming
the Company or Bank as a defendant. Further, there are no material legal
proceedings in which any director, executive officer, principal shareholder or
affiliate of the Company is a party or has a material interest that is adverse
to the Company or Bank. None of the routine litigation in which the Company or
Bank is involved is expected to have a material adverse impact on the financial
position or results of operations of the Company or Bank. 
 ITEM 4  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS No matter was submitted to a vote of security holders during the fourth quarter
of 2003.




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##### Table of Contents



PART II 
 ITEM 5  MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS Information contained in the section captioned Common Stock and Shareholder
Information on page 18 of the Annual Report is incorporated herein by
reference. 
 ITEM 6  SELECTED FINANCIAL DATA Information contained in the section captioned Selected Financial Data on
page 8 of the Annual Report is incorporated herein by reference. 
 ITEM 7  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS Off-Balance Sheet Arrangements, Contractual Obligations, and Contingent
Liabilities and Commitments The following table summarizes the Banks loan commitments, including letters
of credit, as of December 31, 2003: Amount of Commitment to Expire Per PeriodTotal
    
    Less than
    
    13
    
    35
    
    Over 5Type of Commitment
    
    Amount
    
    1 year
    
    Years
    
    Years
    
    Years(dollars in thousands)Commercial lines-of-credit
    
    $
    22,930
    
    
    $
    22,930
    
    
    $
    
    
    
    $
    
    
    
    $
    Real estate lines-of-credit
    
    
    14,069
    
    
    
    1,215
    
    
    
    58
    
    
    
    112
    
    
    
    12,684Consumer lines-of-credit
    
    
    1,201
    
    
    
    1,201
    
    
    
    
    
    
    
    
    
    
    
    Credit card lines-of-credit
    
    
    8,514
    
    
    
    8,514
    
    
    
    
    
    
    
    
    
    
    
    Guarantees
    
    
    368
    
    
    
    368
    
    
    
    
    
    
    
    
    
    
    
    Total Commitments
    
    $
    47,082
    
    
    $
    34,228
    
    
    $
    58
    
    
    $
    112
    
    
    $
    12,684
 As indicated in the preceding table, the Bank had $47,082 in total loan
commitments at the end of 2003, with $34,228 of that amount expiring within one
year. All lines-of-credit represent either fee-paid or legally binding loan
commitments for the loan categories noted. Letters of credit are also included
in the amounts noted in the table since the Bank requires that each letter of
credit be supported by a loan agreement. The commercial and consumer lines
represent both unsecured and secured obligations. The real estate lines are
secured by mortgages in residential and nonresidential property. The credit
card lines were all made on an unsecured basis. It is anticipated that a
significant portion of these lines will expire without being drawn upon,
particularly the credit card lines, which represent the maximum amount
available to all cardholders. The following table summarizes the Banks other contractual obligations as of
December 31, 2003: Payment Due by PeriodTotal
    
    Less than
    
    13
    
    45
    
    Over 5Contractual Obligations
    
    Amount
    
    1 year
    
    Years
    
    Years
    
    Years(dollars in thousands)Long-term debt
    
    $
    9,512
    
    
    $
    767
    
    
    $
    6,246
    
    
    $
    893
    
    
    $
    1,606Capital leases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Operating leases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Unconditional purchase obligations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total Obligations
    
    $
    9,512
    
    
    $
    767
    
    
    $
    6,246
    
    
    $
    893
    
    
    $
    1,606




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##### Table of Contents



The long-term debt noted in the preceding table represents borrowings from the
Federal Home Loan Bank of Cincinnati. The notes require payment of interest on
a monthly basis with principal due in monthly installments at maturity,
depending upon the issue. The obligations bear stated fixed interest rates and
stipulate a prepayment penalty if the notes interest rate exceeds the current
market rate for similar borrowings at the time of repayment. As the notes
mature, the Bank evaluates the liquidity and interest-rate circumstances at
that point in time to determine whether to payoff or renew the note. The
evaluation process typically includes: the strength of current and projected
customer loan demand, the Banks federal funds sold or purchased position,
projected cash flows from maturing investment securities, the current and
projected market interest rate environment, local and national economic
conditions, and customer demand for the Banks deposit product offerings. As also indicated in the table, the Bank had no capital or long-term leases or
unconditional purchase obligations as of December 31, 2003. The Bank has
several minor operating lease obligations which are not included in the table. Information contained in the section captioned 2003 Financial Review on pages
7 through 18 of the Annual Report is incorporated herein by reference. 
 ITEM 7A  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Information contained in the section captioned  Quantitative and Qualitative
Disclosures About Market Risk on page 15 of the Annual Report is incorporated
herein by reference. 
 ITEM 8  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Information contained in the consolidated financial statements and related
notes and the report of independent auditors thereon, on pages 19 through 42 of
the Annual Report is incorporated herein by reference. 
 ITEM 9  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE There were no changes in or disagreements with accountants during the years
ended December 31, 2003 or 2002. 
 ITEM 9A  CONTROLS AND PROCEDURES Evaluation of Disclosure Controls and Procedures With the participation of the Companys management, including the Companys
Chief Executive Officer (CEO) and Chief Financial Officer (CFO), an
evaluation of the effectiveness of the Companys disclosure controls and
procedures was performed, as of the end of the period covered by this Annual
Report. Based on this evaluation, the CEO and CFO have concluded that the
Companys disclosure controls and procedures are effective to ensure that
material information is recorded, processed, summarized and reported by
management of the Company on a timely basis in order to comply with the
Companys disclosure obligations under the Securities Exchange Act of 1934 and
the SEC rules thereunder. Changes in Internal Control over Financial Reporting There have been no significant changes during the quarter ended December 31,
2003 in the Companys internal controls over financial reporting or in other
factors that could have significantly affected those controls subsequent to the
date of our most recent evaluation of internal controls over financial
reporting, including any corrective actions with regard to significant
deficiencies and material weaknesses.




---



##### Table of Contents



PART III 
 ITEM 10  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT Information contained in the section captioned ELECTION OF DIRECTORS on pages
4 through 8 of the Companys proxy statement for the Companys Annual Meeting
of Shareholders filed with the Securities and Exchange Commission on March 18,
2004 (the Proxy Statement) and information contained in the section captioned
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE on page 4 of the
Proxy Statement is incorporated herein by reference. Code of Ethics We have adopted a Code of Ethics that applies to our senior financial officers
including our Chief Executive Officer and Chief Financial Officer. We have
posted our Code of Ethics on our website a www.csb1.com. We plan to satisfy
SEC disclosure requirements regarding any amendments to, or waiver of, the Code
of Ethics relating to our Chief Executive Officer or Chief Financial Officer,
and persons performing similar functions, by posting such information on our
website and making any necessary filings with the SEC. Any person may receive
a copy of our Code of Ethics free of charge upon request. 
 ITEM 11  EXECUTIVE COMPENSATION Information contained in the section captioned REPORT OF THE COMPENSATION
COMMITTEE OF THE BOARD OF DIRECTORS ON EXECUTIVE COMPENSATION on pages 9 and
10 of the Proxy Statement, the section captioned EXECUTIVE COMPENSATION on
pages 13 through 15 of the Proxy Statement and the section captioned
PERFORMANCE GRAPH on page 16 of the Proxy Statement, is incorporated herein
by reference. 
 ITEM 12  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS Information contained in the section captioned SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT on pages 2 through 4 of the Proxy Statement
is incorporated herein by reference. Equity Compensation Plan Information Number of shares of
    
    Weighted-average
    
    Number of sharescommon stock to be
    
    exercise price of
    
    remaining availableissued upon
    
    outstanding
    
    for future issuanceexercise of
    
    options, warrants,
    
    under equityoutstanding
    
    and rights
    
    compensation plansoptions, warrants
    
    
    
    (excludingand rights
    
    
    
    securitiesreflected in column (a))(a)
    
    (b)
    
    (c)Equity compensation
plans
approved by
stockholders
    
    
    10,485
    
    
    $
    15.44
    
    
    
    60,340Equity compensation
plans not approved
by stockholders
    
    
    32,000
    
    
    $
    16.02
    
    
    
    Total
    
    
    42,485
    
    
    
    
    
    
    
    60,340




---



##### Table of Contents



ITEM 13  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS Information contained in the section captioned CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS on pages 16 and 17 of the Proxy Statement is
incorporated herein by reference. 
 ITEM 14  PRINCIPAL ACCOUNTANT FEES AND SERVICES Information contained in the section captioned CERTIFIED PUBLIC ACCOUNTANTS
on page 12 of the Proxy Statement is incorporated herein by reference.




---



##### Table of Contents



PART IV 
 ITEM 15  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
        . (a) Exhibits ExhibitNumber
    
    Description of Document3.1
    
    Amended Articles of Incorporation of CSB Bancorp, Inc. (incorporated
by reference to Registrants 1994 Form 10-KSB)3.1.1
    
    Amended form of Article Fourth of Amended Articles of Incorporation,
as effective April 9, 1998 (incorporated by reference to Registrants
1998 Form 10-K)3.2
    
    Code of Regulations of CSB Bancorp, Inc. (incorporated by reference
to Registrants Form 10-SB)4
    
    Form of Certificate of Common Shares of CSB Bancorp, Inc.
(incorporated by reference to RegistrantsForm 10-SB)10.1
    
    Leases for the Clinton Commons, Berlin and Charm Branch Offices of
The Commercial and Savings Bank (incorporated by reference to
Registrants Form 10-SB)10.2
    
    Third Amendment to Employment Agreement between CSB Bancorp, Inc.
and C. James Bess (incorporated by reference to Registrants
Form 10-Q filed May 13, 2003)10.3
    
    Employment Agreement between CSB
Bancorp, Inc. and John J. Limbert (incorporated by reference to
Registrants Form 8-K filed May 22, 2003)11
    
    Statement Regarding Computation of Per Share Earnings13
    
    Excerpts of CSB Bancorp, Inc. 2003 Annual Report to Shareholders21
    
    Subsidiary of CSB Bancorp, Inc.23.1
    
    Consent of Clifton Gunderson LLP24
    
    Powers of Attorney31.1
    
    Section 302 Certification of Chief Executive Officer31.2
    
    Section 302 Certification of Chief Financial Officer32.1
    
    Section 906 Certification of Chief Executive Officer32.2
    
    Section 906 Certification of Chief Financial Officer
 (b) The following reports on Form 8-K were filed during the last quarter of the
period covered by this report. 1. Form 8-K dated October 7, 2003 announcing a dividend to shareholders. 2. Form 8-K dated October 20, 2003 containing a report to shareholders
that included its financial statements for the period ended September 30, 2003.




---



##### Table of Contents



SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized. CSB BANCORP, INC./s/ John J. LimbertDate: March 30, 2004
    
    John J. Limbert, President
 Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities indicated on March 25, 2004. Signatures
    
    Title/s/ John J. Limbert

John J. Limbert
    
    President and Chief Executive Officer
(Principal Executive Officer)/s/ A. Lee Miller

A. Lee Miller
    
    Senior Vice President and Chief Financial Officer/s/ Pamela S. Basinger

Pamela S. Basinger
    
    Financial Officer and Principal Accounting Officer/s/ Ronald E. Holtman

Ronald E. Holtman
    
    Director/s/ Jeffery A. Robb

Jeffery A. Robb, Sr.
    
    Director/s/ Robert K. Baker

Robert K. Baker
    
    Director/s/ Daniel J. Miller

Daniel J. Miller
    
    Director/s/ John R. Waltman

John R. Waltman
    
    Director/s/
Samuel M. Steimel

Samuel M. Steimel
    
    Director/s/ Eddie L. Steiner

Eddie L. Steiner
    
    Director




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##### Table of Contents



INDEX TO EXHIBITS Exhibit
    
    
    
    SequentialNumber
    
    Description of Document
    
    Page3.1
    
    Amended Articles of Incorporation of CSB Bancorp, Inc.
(incorporated by reference to Registrants 1994 Form 10-SB)
    
    N/A3.1.1
    
    Amended form of Article Fourth of Amended Articles of
Incorporation, as effective April 9, 1998 (incorporated by
reference to Registrants 1998 Form 10-K).
    
    N/A3.2
    
    Code of Regulations of CSB Bancorp, Inc. (incorporated by reference
to Registrants Form 10-SB).
    
    N/A4
    
    Form of Certificate of Common Shares of CSB Bancorp, Inc.
(incorporated by reference to Registrants Form 10-SB).
    
    N/A10.1
    
    Leases for the Clinton Commons, Berlin and Charm Branch Offices of
The Commercial and Savings Bank (incorporated by reference to
Registrants Form 10-SB).
    
    N/A10.2
    
    Third Amendment to Employment Agreement between CSB Bancorp, Inc.
and C. James Bess (incorporated by reference to Registrants
Form 10-Q filed May 13, 2003)
    
    N/A10.3
    
    Employment Agreement between CSB
Bancorp, Inc. and John J. Limbert (incorporated by reference to
Registrants Form 8-K filed May 22, 2003)
    
    N/A11
    
    Statement Regarding Computation of Per Share Earnings
    
    N/A13
    
    Excerpts of the CSB Bancorp, Inc. 2002 Annual Report to Shareholders
    
    N/A21
    
    Subsidiary of CSB Bancorp, Inc.
    
    N/A23.1
    
    Consent of Clifton Gunderson LLP
    
    N/A23.2
    
    Consent of Crowe, Chizek and Company LLP
    
    N/A24
    
    Powers of Attorney
    
    N/A31.1
    
    Section 302 Certification of Chief Executive Officer
    
    N/A31.2
    
    Section 302 Certification of Chief Financial Officer
    
    N/A32.1
    
    Section 906 Certification of Chief Executive Officer
    
    N/A32.2
    
    Section 906 Certification of Chief Financial Officer
    
    N/A