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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-K
  þ
    
    ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 OR
 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
    
    34-1687530(State or other jurisdiction of incorporation or organization)
    
    (I.R.S. Employer Identification No.)
 91 North Clay Street, Millersburg, Ohio
    
    44654(Address of principal executive offices)
    
    (Zip code)
 (330) 674-9015
   Common Shares, $6.25 par value
  o þ
  o þ
  þ o
  o o
 þ
  Large accelerated filer o
Accelerated filer o
Non-accelerated filer o(Do not check if a smaller reporting company)
Smaller reporting company þ  o þ




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TABLE OF CONTENTS  PART IITEM 1. BUSINESS.Item 1A. Risk Factors.Item 1B. Unresolved Staff Comments.ITEM 2. PROPERTIES.ITEM 3. LEGAL PROCEEDINGS.ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.PART IIITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.ITEM 6. SELECTED FINANCIAL DATA.ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.ITEM 9A. CONTROLS AND PROCEDURES.ITEM 9B. OTHER INFORMATION.PART IIIITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.Code of EthicsITEM 11. EXECUTIVE COMPENSATION.ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.PART IVITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.SIGNATURESINDEX TO EXHIBITSEX-13EX-21EX-23.1EX-31.1EX-31.2EX-32.1EX-32.2    Table of Contents   
 
 PART I
  www.csb1.com
 www.sec.gov
 
 ITEM 1. BUSINESS.
 General
     2




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Employees
  3




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Competition
   Supervision and Regulation of CSB and Subsidiaries
       Regulation of Bank Holding Companies
    4




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Financial Modernization
   Regulatory Capital
       5




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Fiscal and Monetary Policies
  Limits on Dividends and Other Payments
    6




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Privacy Provisions of GLB
  USA Patriot Act
  Corporate Governance
  Emergency Economic Stabilization Act of 2008
   Federal Deposit Insurance Corporation (FDIC)
  7




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Dodd-Frank Act
  Statistical Disclosure
  Effect of Environmental Regulation
   8




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Item 1A. Risk Factors.
 Cautionary Statement Regarding Forward-Looking Information
     General
  
    
    Credit risk and Allowance for Loan Losses
    
    Changes in interest rates
    
    Regulatory and Legislative initiatives
    
    New developments in the banking industry
    
    Thinly traded stock
    
    Inability to pay dividends
    
    Unauthorized disclosure of sensitive customer information
    
    Lending concentration risks
    
    Future Capital may not be available when needed at acceptable terms
    
    Unauthorized disclosure of sensitive customer information
 Credit Risk and Allowance for Loan Losses
  9




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Changes in interest rates
  Regulatory and Legislative initiatives
  New developments in the banking industry
  10




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Thinly traded stock
  The Banks ability to pay dividends is subject to regulatory limitations which, to the extent the
Company requires such dividends in the future, may affect its ability to pay dividends or
repurchase its stock.
  Lending concentration risks
  The Company may need to raise capital in the future, but capital may not be available when needed
or at acceptable terms.
   Unauthorized disclosure of sensitive or confidential client or customer information, whether
through a breach of our computer systems or otherwise, could severely harm our business.
  11




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##### Table of Contents



Statistical Disclosures
  I. Distribution of Assets, Liabilities and Stockholders Equity; Interest Rates and Interest
Differential
   II. Investment Portfolio
  (Dollars in thousands)2010
    
    
    2009
    
    
    2008Securities available-for-sale, at fair valueU.S. Treasury securities
    
    $
    100
    
    
    $
    100
    
    
    $
    100U.S. Government corporations and agencies
    
    
    19,711
    
    
    
    14,033
    
    
    
    12,541Mortgage-backed securities
    
    
    42,351
    
    
    
    51,358
    
    
    
    56,899Obligations of states and political subdivisions
    
    
    11,994
    
    
    
    9,614
    
    
    
    7,040Equity securities
    
    
    56
    
    
    
    53
    
    
    
    76Corporate bonds
    
    
    992
    
    
    
    
    
    
    
    Total
    
    $
    75,204
    
    
    $
    75,158
    
    
    $
    76,656
  (Dollars in thousands)MaturingAfter One YearThrough Five
    
    After Five YearsOne Year or Less
    
    Years
    
    Through Ten Years
    
    After Ten Years
    
    TotalAmortized
    
    
    
    
    
    Amortized
    
    
    
    
    
    Amortized
    
    
    
    
    
    Amortized
    
    
    
    
    
    AmortizedCost
    
    Yield
    
    Cost
    
    Yield
    
    Cost
    
    Yield
    
    Cost
    
    Yield
    
    Cost
    
    YieldAvailable for sale:U.S. Treasury
    
    $
    100
    
    
    
    0.28
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    100
    
    
    
    0.28
    %U.S. Government
corporations and agencies
    
    
    9,018
    
    
    
    1.93
    
    
    $
    10,992
    
    
    
    2.49
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    20,010
    
    
    
    2.24Mortgage-backed securities
    
    
    3,046
    
    
    
    4.08
    
    
    
    31,035
    
    
    
    4.02
    
    
    $
    6,133
    
    
    
    2.84
    %
    
    $
    790
    
    
    
    2.54
    %
    
    
    41,004
    
    
    
    3.82Obligations of states and
political subdivisions
    
    
    2,052
    
    
    
    2.78
    
    
    
    4,686
    
    
    
    3.38
    
    
    
    4,713
    
    
    
    4.01
    
    
    
    248
    
    
    
    4.10
    
    
    
    11,699
    
    
    
    3.54Corporate bonds
    
    
    
    
    
    
    
    
    
    
    500
    
    
    
    3.50
    
    
    
    500
    
    
    
    4.10
    
    
    
    
    
    
    
    
    
    
    
    1,000
    
    
    
    3.80Total
    
    $
    14,216
    
    
    
    2.50
    %
    
    $
    47,213
    
    
    
    3.59
    %
    
    $
    11,346
    
    
    
    3.38
    %
    
    $
    1,038
    
    
    
    2.91
    %
    
    $
    73,813
    
    
    
    3.34
    %
  12




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III. Loan Portfolio
 A.
    
    Types of Loans  Total loans on the balance sheet are comprised of the following
classifications at December 31:
 (Dollars in thousands)
    
    2010
    
    
    2009
    
    
    2008
    
    
    2007
    
    
    2006Commercial
    
    $
    78,540
    
    
    $
    69,351
    
    
    $
    61,859
    
    
    $
    46,000
    
    
    $
    55,513Commercial real estate
    
    
    104,829
    
    
    
    107,794
    
    
    
    109,284
    
    
    
    97,985
    
    
    
    72,707Residential real estate
    
    
    108,832
    
    
    
    114,882
    
    
    
    125,149
    
    
    
    92,085
    
    
    
    85,933Construction
    
    
    16,515
    
    
    
    13,761
    
    
    
    11,239
    
    
    
    11,701
    
    
    
    7,735Installment and credit card
    
    
    6,715
    
    
    
    7,464
    
    
    
    8,677
    
    
    
    8,862
    
    
    
    10,510Total loans
    
    $
    315,431
    
    
    $
    313,252
    
    
    $
    316,208
    
    
    $
    256,633
    
    
    $
    232,398
 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, 2010:
 MaturingOne Year
    
    
    One Through
    
    
    After Five(Dollars in thousands)
    
    or Less
    
    
    Five Years
    
    
    Years
    
    
    TotalCommercial
    
    $
    40,294
    
    
    $
    16,440
    
    
    $
    21,806
    
    
    $
    78,540Commercial real estate
    
    
    5,866
    
    
    
    7,961
    
    
    
    91,002
    
    
    
    104,829Construction
    
    
    9,764
    
    
    
    1,578
    
    
    
    5,173
    
    
    
    16,515Total
    
    $
    55,924
    
    
    $
    25,979
    
    
    $
    117,981
    
    
    $
    199,884
  (Dollars in thousands)
    
    Fixed Rate
    
    
    Variable RateTotal commercial, commercial real estate and construction
loans due after one year
    
    $
    21,756
    
    
    $
    122,204
   (Dollars in thousands)
    
    2010
    
    
    2009
    
    
    2008
    
    
    2007
    
    
    2006(a) Loans accounted for
on a nonaccrual basis
    
    $
    3,905
    
    
    $
    3,786
    
    
    $
    2,227
    
    
    $
    427
    
    
    $
    1,509(b) Accruing loans that
are contractually past
due 90 days or more as to
interest or principal
payments
    
    
    685
    
    
    
    355
    
    
    
    416
    
    
    
    144
    
    
    
    Totals
    
    $
    4,590
    
    
    $
    4,141
    
    
    $
    2,643
    
    
    $
    571
    
    
    $
    1,509
  13




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(Dollars in thousands)
    
    2010
    
    
    2009
    
    
    2008Loans accounted for under ASC Topic 310
    
    $
    440
    
    
    $
    874
    
    
    $
    816Balance of impaired loans
    
    
    1,806
    
    
    
    1,205
    
    
    
    1,589Less portion for which no allowance for loan loss is allocated
    
    
    458
    
    
    
    181
    
    
    
    20Portion of impaired loan balance for which an allowance for
loan losses is allocated
    
    
    1,788
    
    
    
    1,898
    
    
    
    2,385Portion of allowance for loan losses allocated to the
impaired loan balance at December 31
    
    
    330
    
    
    
    343
    
    
    
    335
        14




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IV. Summary Of Loan Loss Experience
  (Dollars in thousands)
    
    2010
    
    
    2009
    
    
    2008
    
    
    2007
    
    
    2006LOANSAverage loans outstanding during
period
    
    $
    313,549
    
    
    $
    317,254
    
    
    $
    262,933
    
    
    $
    241,979
    
    
    $
    225,445ALLOWANCE FOR LOAN LOSSESBalance at beginning of period
    
    $
    4,060
    
    
    $
    3,394
    
    
    $
    2,586
    
    
    $
    2,607
    
    
    $
    2,445Loans charged-off:Commercial
    
    
    (622
    )
    
    
    (320
    )
    
    
    (55
    )
    
    
    (146
    )
    
    
    (9
    )Commercial real estate
    
    
    (187
    )
    
    
    (254
    )
    
    
    (10
    )
    
    
    (333
    )
    
    
    (123
    )Residential real estate
    
    
    (488
    )
    
    
    (177
    )
    
    
    (19
    )
    
    
    (34
    )
    
    
    (74
    )Consumer
    
    
    (92
    )
    
    
    (134
    )
    
    
    (70
    )
    
    
    (100
    )
    
    
    (104
    )Total loans charged-off
    
    
    (1,389
    )
    
    
    (885
    )
    
    
    (154
    )
    
    
    (613
    )
    
    
    (310
    )Recoveries of loans previously
charged-off:Commercial
    
    
    94
    
    
    
    55
    
    
    
    6
    
    
    
    43
    
    
    
    20Commercial real estate
    
    
    0
    
    
    
    86
    
    
    
    4
    
    
    
    0
    
    
    
    80Residential real estate
    
    
    0
    
    
    
    0
    
    
    
    10
    
    
    
    9
    
    
    
    3Consumer
    
    
    31
    
    
    
    73
    
    
    
    151
    
    
    
    68
    
    
    
    67Total loan recoveries
    
    
    125
    
    
    
    214
    
    
    
    171
    
    
    
    120
    
    
    
    170Net loans (charged-off) recovered
    
    
    (1,264
    )
    
    
    (671
    )
    
    
    17
    
    
    
    (493
    )
    
    
    (140
    )Provision charged to operating
expense
    
    
    1,235
    
    
    
    1,337
    
    
    
    333
    
    
    
    472
    
    
    
    302Addition from acquisition
    
    
    
    
    
    
    
    
    
    
    458
    
    
    
    
    
    
    
    Balance at end of period
    
    $
    4,031
    
    
    $
    4,060
    
    
    $
    3,394
    
    
    $
    2,586
    
    
    $
    2,607Ratio of net charge-offs
(recoveries) to average loans
outstanding for period
    
    
    0.40
    %
    
    
    0.21
    %
    
    
    (0.01
    )%
    
    
    0.20
    %
    
    
    0.06
    %
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Allocation of the Allowance for Loan Losses(Dollars in thousands)Percentage of
    
    
    
    
    
    Percentage of
    
    
    
    
    
    Percentage of
    
    
    
    
    
    Percentage ofLoans in
    
    
    
    
    
    Loans in
    
    
    
    
    
    Loans in
    
    
    
    
    
    Loans inEach
    
    
    
    
    
    Each
    
    
    
    
    
    Each
    
    
    
    
    
    Each
    
    
    
    
    
    Percentage of LoansAllowance
    
    Category to
    
    Allowance
    
    Category to
    
    
    
    
    
    Category to
    
    Allowance
    
    Category to
    
    
    
    
    
    in Each Category toAmount
    
    Total Loans
    
    Amount
    
    Total Loans
    
    Allowance Amount
    
    Total Loans
    
    Amount
    
    Total Loans
    
    Allowance Amount
    
    Total LoansDecember 31, 2010
    
    December 31, 2009
    
    December 31, 2008
    
    December 31, 2008
    
    December 31, 2007Commercial
    
    $
    1,179
    
    
    
    24.90
    %
    
    $
    1,031
    
    
    
    22.14
    %
    
    $
    716
    
    
    
    19.56
    %
    
    $
    454
    
    
    
    17.93
    %
    
    $
    967
    
    
    
    23.89
    %Commercial real
estate
    
    
    1,183
    
    
    
    33.23
    
    
    
    1,338
    
    
    
    34.41
    
    
    
    1,058
    
    
    
    34.56
    
    
    
    1,012
    
    
    
    38.18
    
    
    
    1,041
    
    
    
    31.28Residential real
estate
    
    
    1,057
    
    
    
    34.50
    
    
    
    1,140
    
    
    
    36.68
    
    
    
    1,244
    
    
    
    39.58
    
    
    
    666
    
    
    
    35.88
    
    
    
    379
    
    
    
    36.98Construction
    
    
    213
    
    
    
    5.24
    
    
    
    246
    
    
    
    4.39
    
    
    
    111
    
    
    
    3.56
    
    
    
    104
    
    
    
    4.56
    
    
    
    22
    
    
    
    3.33Installment and
credit card
    
    
    80
    
    
    
    2.13
    
    
    
    77
    
    
    
    2.38
    
    
    
    94
    
    
    
    2.74
    
    
    
    96
    
    
    
    3.45
    
    
    
    32
    
    
    
    4.52Unallocated
    
    
    319
    
    
    
    
    
    
    
    228
    
    
    
    
    
    
    
    171
    
    
    
    
    
    
    
    254
    
    
    
    
    
    
    
    166Total
    
    $
    4,031
    
    
    
    100.00
    %
    
    $
    4,060
    
    
    
    100.00
    %
    
    $
    3,394
    
    
    
    100.00
    %
    
    $
    2,586
    
    
    
    100.00
    %
    
    $
    2,607
    
    
    
    100.00
    %
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V. Deposits
  Average
    
    
    AverageAmounts Outstanding
    
    
    Rate PaidYear ended December 31
    
    
    Year ended December 31(Dollars in thousands)
    
    2010
    
    
    2009
    
    
    2008
    
    
    2010
    
    
    2009
    
    
    2008Noninterest-bearing demand
    
    $
    58,601
    
    
    $
    46,388
    
    
    $
    42,598
    
    
    
    N/A
    
    
    
    N/A
    
    
    
    N/AInterest-bearing demand
deposits
    
    
    51,990
    
    
    
    46,107
    
    
    
    45,166
    
    
    
    0.08
    %
    
    
    0.10
    %
    
    
    0.29
    %Savings deposits
    
    
    73,694
    
    
    
    58,672
    
    
    
    45,591
    
    
    
    0.34
    
    
    
    0.42
    
    
    
    0.82Time deposits
    
    
    149,788
    
    
    
    153,735
    
    
    
    124,123
    
    
    
    2.15
    
    
    
    2.61
    
    
    
    3.49Total deposits
    
    $
    334,073
    
    
    $
    304,902
    
    
    $
    257,478
  (Dollars in thousands)Three months or less
    
    $
    9,211Over three through six months
    
    
    5,681Over six through twelve months
    
    
    10,495Over twelve months
    
    
    25,901Total
    
    $
    51,288
 VI. Return On Equity and Assets
 2010
    
    
    2009
    
    
    2008Return on average assets
    
    
    0.78
    %
    
    
    0.79
    %
    
    
    0.99
    %Return on average shareholders equity
    
    
    7.43
    
    
    
    7.51
    
    
    
    9.23Dividend payout ratio
    
    
    56.32
    
    
    
    58.06
    
    
    
    50.99Average shareholders equity to average assets
    
    
    10.56
    
    
    
    10.57
    
    
    
    10.71
 17




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VII. Short-Term Borrowings
  (Dollars in thousands)
    
    2010
    
    
    2009
    
    
    2008Securities sold under agreements to repurchase,
federal funds purchased and short-term advances at
period-end
    
    $
    32,018
    
    
    $
    28,764
    
    
    $
    22,892Weighted average interest rate at period-end
    
    
    0.55
    %
    
    
    0.76
    %
    
    
    1.52
    %Maximum outstanding at any month-end during the year
    
    
    33,629
    
    
    
    30,164
    
    
    
    28,826Average amount outstanding
    
    
    29,700
    
    
    
    25,444
    
    
    
    25,761Weighted average rates during the year
    
    
    0.68
    %
    
    
    1.06
    %
    
    
    2.23
    %
 
 Item 1B. Unresolved Staff Comments.
  18




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ITEM 2. PROPERTIES.
  Banking
    
    OtherLocation
    
    Center
    
    Property
    
    Address
    
    Owned
    
    LeasedMillersburg
    
    
    
    X
    
    6 West Jackson Street, Millersburg, Ohio 44654
    
    XWalnut Creek
    
    X
    
    
    
    4980 Old Pump Street, Walnut Creek, Ohio 44687
    
    XWinesburg
    
    X
    
    
    
    2225 U.S. 62, Winesburg, Ohio 44690
    
    XSugarcreek
    
    X
    
    
    
    127 South Broadway, Sugarcreek, Ohio 44681
    
    XCharm
    
    X
    
    
    
    4440 C.R.70, Charm, Ohio 44617
    
    
    
    XClinton Commons
    
    X
    
    
    
    2102 Glen Drive, Millersburg, Ohio 44654
    
    
    
    XBerlin
    
    X
    
    
    
    4587 S.R.39 Suite B, Berlin, Ohio 44610
    
    
    
    XSouth Clay
    
    X
    
    
    
    91 South Clay Street, Millersburg, Ohio 44654
    
    XShreve
    
    X
    
    
    
    333 West South Street, Shreve, Ohio 44676
    
    XOrrville
    
    X
    
    
    
    461 Wadsworth Road, Orrville, Ohio 44667
    
    
    
    XOrrville
    
    X
    
    
    
    330 West High Street, Orrville, Ohio 44667
    
    
    
    XOperations Center
    
    X
    
    
    
    91 North Clay Street, Millersburg, Ohio 44654
    
    XWooster Trust
    
    
    
    X
    
    146 East Liberty Street, Wooster, Ohio 44691
    
    
    
    XGnadenhutten
    
    X
    
    
    
    100 South Walnut Street, Gnadenhutten, Ohio 44629
    
    XNew Philadelphia
    
    X
    
    
    
    635 West High Avenue, New Philadelphia, Ohio
44663
    
    XNorth Canton
    
    X
    
    
    
    1210 North Main Street, North Canton, Ohio 44720
    
    X
  
 ITEM 3. LEGAL PROCEEDINGS.
  
 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
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##### Table of Contents



ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
  Equity Compensation Plan Information
 Number of sharesNumber of shares of
    
    
    
    
    
    remaining available forcommon stock to be
    
    Weighted-average
    
    future issuance underissued
    
    exercise
    
    equity compensationupon exercise of
    
    price of outstanding
    
    plansoutstanding options,
    
    options, warrants, and
    
    (excluding securitieswarrants and rights
    
    rights
    
    reflected in column (a))(a)
    
    (b)
    
    (c)Equity compensation
plans
approved by
stockholders
    
    
    39,945
    
    
    $
    17.48
    
    
    
    159,555Equity compensation
plans not approved
by stockholders
    
    
    
    
    
    
    
    
    
    
    Total
    
    
    39,945
    
    
    $
    17.48
    
    
    
    159,555
 ISSUER PURCHASES OF EQUITY SECURITIES
 MaximumTotal Number of
    
    Number ofShares
    
    Shares thatPurchased as Part of
    
    May Yet beTotal Number of
    
    Average Price
    
    Publicly Announced
    
    PurchasedPeriod
    
    Shares Purchased
    
    Paid Per Share
    
    Plans
    
    Under the PlanOctober 1, 2010 to
October 31, 2010
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    41,471November 1, 2010 to
November 30, 2010
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    41,471December 1, 2010 to
December 31, 2010
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    41,471
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##### Table of Contents



PERFORMANCE GRAPH
  2005
    
    
    2006
    
    
    2007
    
    
    2008
    
    
    2009
    
    
    2010CSBB
    
    $
    100.00
    
    
    $
    93.44
    
    
    $
    90.94
    
    
    $
    80.47
    
    
    $
    85.79
    
    
    $
    91.75S & P 500
    
    
    100.00
    
    
    
    113.62
    
    
    
    117.63
    
    
    
    72.36
    
    
    
    89.33
    
    
    
    100.75NASDAQ Bank
    
    
    100.00
    
    
    
    111.01
    
    
    
    86.51
    
    
    
    65.81
    
    
    
    53.63
    
    
    
    60.01
 
 
 ITEM 6. SELECTED FINANCIAL DATA.
  
 ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS.
  
 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
  21




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##### Table of Contents



ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
  
 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE.
  
 ITEM 9A. CONTROLS AND PROCEDURES.
       
 ITEM 9B. OTHER INFORMATION.
  22




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##### Table of Contents



PART III
 
 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.
  
   
 ITEM 11. EXECUTIVE COMPENSATION.
 COMPENSATION DISCUSSION AND ANALYSIS EXECUTIVE COMPENSATION AND
OTHER INFORMATION EMPLOYMENT CONTRACTS AND OTHER ARRANGEMENTS POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
 
 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS.
  
 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.
  
 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
  23




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##### Table of Contents



PART IV
 
 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
   
    
    Report of Independent Registered Public Accounting Firm (S.R. Snodgrass)  pg.
23.
    
    Consolidated Balance Sheets at December 31, 2010 and 2009   pg. 24.
    
    Consolidated Statements of Income for the years ended December 31, 2010, 2009
and 2008  pg. 25.
    
    Consolidated Statements of Shareholders Equity  pg. 26.
    
    Consolidated Statements of Cash flows for the years ended December 31, 2010,
2009 and 2008  pgs. 27-28.
    
    Notes to Consolidated Financial Statements  pgs. 34-53.
     Exhibit Number
    
    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).3.2.1
    
    Amended Article VIII Code of Regulations of CSB Bancorp,
Inc. (incorporated by reference to Registrants Form DEF
14a for the Fiscal Year ended December 31, 2008).4
    
    Form of Certificate of Common Shares of CSB Bancorp, Inc.
(incorporated by reference to Registrants Form 10-SB).13
    
    CSB Bancorp, Inc. 2010 Annual Report to Shareholders21
    
    Subsidiaries of CSB Bancorp, Inc.23.1
    
    Consent of S.R. Snodgrass, A.C.31.1
    
    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
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##### Table of Contents



CSB BANCORP, INC./s/ Eddie L. SteinerDate: March 23, 2011
    Eddie L. Steiner, President and
Chief Executive Officer  Signatures
    
    Title/s/ Eddie L. Steiner
    
    President and Chief Executive OfficerEddie L. Steiner/s/ Paula J. Meiler
    
    Senior Vice President and Chief Financial OfficerPaula J. Meiler/s/ Pamela S. Basinger
    
    Vice President and Principal Accounting OfficerPamela S. Basinger/s/ Robert K. Baker
    
    DirectorRobert K. Baker/s/ Ronald E. Holtman
    
    DirectorRonald E. Holtman/s/ J. Thomas Lang
    
    DirectorJ. Thomas Lang/s/ Daniel J. Miller
    
    DirectorDaniel J. Miller/s/ Jeffery A. Robb, Sr.
    
    DirectorJeffery A. Robb, Sr./s/ John R. Waltman
    
    DirectorJohn R. Waltman
 25




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##### Table of Contents



Exhibit
    
    
    
    SequentialNumber
    
    Description of Document
    
    Page3.1
    
    
    Amended Articles of Incorporation of CSB Bancorp,
Inc. (incorporated by reference to Registrants
1994 Form 10-KSB)
    
    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/A3.2.1
    
    
    Amended Article VIII Code of Regulations of CSB
Bancorp, Inc. (incorporated by reference to
Registrants Form DEF 14a for the Fiscal Year ended
December 31, 2008).
    
    N/A4
    
    
    Form of Certificate of Common Shares of CSB
Bancorp, Inc. (incorporated by reference to
Registrants Form 10-SB).
    
    N/A13
    
    
    CSB Bancorp, Inc. 2010 Annual Report to Shareholders
    
    N/A21
    
    
    Subsidiaries of CSB Bancorp, Inc.
    
    N/A23.1
    
    
    Consent of S.R. Snodgrass, A.C.
    
    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