# EDGAR Filing Document

**Accession Number:** 0000880417
**File Stem:** 0001193125-26-163929
**Filing Date:** 2026-4
**Character Count:** 28794
**Document Hash:** e04336fc73ad59123a099d06dd82f262
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-163929.hdr.sgml**: 20260420

**ACCESSION NUMBER**: 0001193125-26-163929

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260420

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260420

**DATE AS OF CHANGE**: 20260420

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CSB Bancorp, Inc.
- **CENTRAL INDEX KEY:** 0000880417
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 341687530
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-21714
- **FILM NUMBER:** 26875028

**BUSINESS ADDRESS:**
- **STREET 1:** 91 NORTH CLAY ST
- **CITY:** MILLERSBURG
- **STATE:** OH
- **ZIP:** 44654
- **BUSINESS PHONE:** 3306749015

**MAIL ADDRESS:**
- **STREET 1:** 91 NORTH CLAY ST
- **CITY:** MILLERSBURG
- **STATE:** OH
- **ZIP:** 44654

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CSB BANCORP INC /OH
- **DATE OF NAME CHANGE:** 19930511

?xml version='1.0' encoding='ASCII'? 8-K

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

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## FORM 8-K

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**CURRENT REPORT**

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

**Date of Report (Date of earliest event reported):** April 20, 2026<br>

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CSB Bancorp, Inc.

**(Exact name of Registrant as Specified in Its Charter)**

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---

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

---

**Registrant's Telephone Number, Including Area Code:** 330 674-9015<br>

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

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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:**

---

| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>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. ☐

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## Item 2.02. Results of Operations and Financial Condition.

## On April 20, 2026, CSB Bancorp, Inc. issued a news release announcing its earnings for the quarter ended March 31, 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.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

99.1 [<u>News release and Quarterly Report for CSB Bancorp, Inc. for the quarter ended March 31, 2026.</u>](csbb-ex99_1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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**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: | April 20, 2026 | By:  | /s/ Paula J. Meiler |
|  |  |  | Paula J. Meiler<br>Senior Vice President and Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

![img20060853_0.jpg](img20060853_0.jpg)

CSB BANCORP, INC. REPORTS FIRST QUARTER EARNINGS

*First Quarter Highlights* 

---

| | | |
|:---|:---|:---|
|  | Quarter Ended <br>&nbsp;&nbsp;&nbsp;&nbsp;March 31, 2026 | Quarter Ended <br>March 31, 2025 |
| Diluted earnings per share | $1.69 | $1.37 |
| Net Income | $4444000 | $3616000 |
| Return on average common equity | 14.03% | 12.58% |
| Return on average assets | 1.42% | 1.22% |

---

Millersburg, Ohio – April 20, 2026 – CSB Bancorp, Inc. (OTC ID: CSBB) today announced first quarter 2026 net income of $4,444,000 or $1.69 per basic and diluted share, as compared to $3,616.000, or $1.37 per basic and diluted share, for the same period in 2025.

Annualized returns on average common equity ("ROE") and average assets ("ROA") for the quarter were 14.03% and 1.42%, respectively, compared with 12.58% and 1.22% for the first quarter of 2025. Pre-Provision Net Revenue ("PPNR") (a non-GAAP measure) totaled $6.0 million during the quarter, an increase of $1.1 million, or 23%, from the prior year's first quarter. Net interest income increased $1.8 million, or 18%, noninterest income increased $176 thousand, or 10%, and noninterest expense increased $824 thousand, or 13%, in the first quarter of 2026 compared to the same period in 2025.

Eddie Steiner, President and CEO stated, "Loans increased 3% from year-end, while deposits declined by 2% on seasonal business slowdowns and tax payments. Mortgage application volume has improved with mortgage rates about 1/2%-3/4% below year ago levels. Commercial construction has been fairly robust in our markets. Businesses are generally cautious with inventory levels and equipment purchases. Higher energy prices are spurring inflation in a number of product and service categories and uncertain outcomes related to effects of the Iran war and related settlement agreements, along with fluctuations in U.S. global trade policy are feeding an unsettled tone. Consumers are spending at close to normal levels, with slightly increasing debt levels from sustained inflation. The Fed is likely on pause with rates for a sustained period of months unless significant flare-ups occur in employment or inflation. U.S. equity and debt markets have been volatile but regained all time high ranges in the past week."

Provision for credit loss expense for the quarter increased $93 thousand from first quarter 2025. The allowance for expected credit losses ("ACL") amounted to $12.9 million, or 1.52% of total loans, on March 31, 2026, as compared to $8.0 million or 1.05% of total loans on March 31, 2025. The allowance for credit losses on off-balance sheet commitments on March 31, 2026 was $607 thousand, as compared to a March 31, 2025 balance of $519 thousand. The increase in the ACL is primarily related to the individually evaluated loan relationship. 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 $1.7 million, or 15%, during first quarter 2026 as compared to the same quarter in 2025. The increase was primarily the result of an $89 million average volume increase, augmented by a 17 basis point ("bp") increase in yield over the prior year's quarter. Securities interest income increased $156 thousand, or 8%, during the first 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 first quarter 2026 averaged 6.01%, an increase of 17 bps from the 2025 first quarter average of 5.84%. Securities yields for first quarter 2026 averaged 2.64% as compared to 2.34% in the first quarter of 2025, while overnight funds averaged 3.71% compared to 4.47% in the first quarter 2025.

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Interest expense declined $95 thousand, or 3%, during first quarter 2026 as compared to first quarter 2025. The cost to fund gross earning assets for the first quarter of 2026 declined to 1.18% as compared to 1.29% for the first quarter of 2025.

The fully taxable equivalent ("FTE") net interest margin (a non-GAAP measure) was 3.87% for first quarter 2026, compared to 3.48% in the first quarter of 2025. FTE net interest income increased $1.8 million, or 18%, with a $74 million increase in average earning assets as well as a 28 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 16 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 $176 thousand, or 10%, compared to first quarter of 2025. The increase was primarily the result of a $41 thousand increase in credit card fees, a $40 thousand increase in trust fees, a $39 thousand increase in earnings on bank owned life insurance, and a $28 thousand increase in debit card interchange fees.

Noninterest expense increased $824 thousand, or 13%, from first quarter 2025. Salary and employee benefits increased $536 thousand, or 14%, compared to the prior year quarter, with increases in base salaries, benefits, and medical expenses, partially due to increased headcount as the company was able to reduce vacancies and add several new positions supporting growth. Software expense increased $118 thousand, or 29%, primarily due to new loan production software. Professional fees increased $45 thousand, or 11%, with increases to legal expense, audit and accounting, and director's fees. Marketing and public relations increased $26 thousand, or 25%, with increasing benefit requests. The Company's first quarter efficiency ratio decreased to 54.75% compared to 56.81% in the prior year.

Federal income tax expense was $1.1 million in first quarter 2026 compared to $878 thousand in the first quarter of 2025. The effective tax rate for the 2026 and 2025 first quarters was 20%, respectively.

Average earning assets for the first quarter of 2026 increased $74 million, or 7% from the year-ago quarter, primarily reflecting an $89 million, or 12%, increase in average loans, a $13 million, or 4%, decrease in average securities, and a $3 million, or 6%, 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 $67 million, or 13%, 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 $16 million, or 9%, 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 $8 million from the prior year's quarter as borrowers covered expenses and avoided refinancing their lower interest rate mortgages. Average consumer credit balances decreased $1 million, or 7%, versus the same quarter of the prior year on lower volume of loans for recreational vehicles. 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 $1.0 million, or 0.12%, of total loans on March 31, 2026, compared to $1.6 million, or 0.21% of total loans, a year ago. Delinquent loan balances as of March 31, 2026, decreased to 0.16% of total loans as compared to 0.43% on March 31, 2025. Net loan charge-offs recognized during first quarter 2026 were $7 thousand, compared to first quarter 2025 net loan charge-offs of $29 thousand.

Average deposit balances increased on a quarter over prior year quarter comparison by $58 million, or 6%. For first quarter 2026, the average cost of deposits amounted to 1.26%, as compared to 1.36% for first quarter 2025.

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First quarter 2026 increases in average deposit balances over the prior year quarter included savings accounts of $4 million, money market accounts of $2 million, and time deposits of $16 million. Noninterest-bearing accounts increased $7 million from the prior year's first quarter while interest-bearing demand accounts increased $30 million. The average balance of securities sold under repurchase agreement during the first quarter of 2026 increased by $1 million, or 4%, compared to the average for the same period in the prior year.

Shareholders' equity totaled $129 million on March 31, 2026, with 2.6 million common shares outstanding. The average equity to assets ratio amounted to 10.12% for the quarter ended March 31, 2026. The Company declared a first quarter dividend of $0.43 per share, producing an annualized yield of 2.8% based on March 31, 2026 closing price of $62.36.

**About CSB Bancorp, Inc.** 

CSB is a financial holding company headquartered in Millersburg, Ohio, with approximate assets of $1.3 billion as of March 31, 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 <u>paula.meiler@csb1.com</u>

------

**CSB BANCORP, INC.**

**CONSOLIDATED FINANCIAL HIGHLIGHTS**

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *(Unaudited)* | **Quarters** | **Quarters** | **Quarters** | **Quarters** | **Quarters** | **Quarters** | **Quarters** | **Quarters** | **Quarters** | **Quarters** |
| *(Dollars in thousands, except per share data)* | **2026** | **2026** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **EARNINGS** | **1st Qtr** | **1st Qtr** | **4th Qtr** | **4th Qtr** | **3rd Qtr** | **3rd Qtr** | **2nd Qtr** | **2nd Qtr** | **1st Qtr** | **1st Qtr** |
| Net interest income FTE <sup>(a)</sup> | $— | 11493 | $— | 11450 | $— | 10968 | $— | 10376 | $— | 9712 |
| Provision for credit loss expense |  | 495 |  | 3858 |  | 501 |  | 614 |  | 402 |
| Noninterest income |  | 1872 |  | 1956 |  | 1866 |  | 1777 |  | 1696 |
| Noninterest expenses |  | 7305 |  | 7249 |  | 7133 |  | 6878 |  | 6481 |
| FTE adjustment<sup>(a)</sup> |  | 28 |  | 30 |  | 30 |  | 31 |  | 31 |
| Net income |  | 4444 |  | 1869 |  | 4151 |  | 3727 |  | 3616 |
| Basic and Diluted earnings per share |  | 1.69 |  | 0.71 |  | 1.57 |  | 1.41 |  | 1.37 |
| **PERFORMANCE RATIOS** |  |  |  |  |  |  |  |  |  |  |
| Return on average assets (ROA), annualized |  | 1.42 |  | 0.58 |  | 1.31 |  | 1.23 |  | 1.22% |
| Return on average common equity (ROE), annualized |  | 14.03 |  | 5.83 |  | 13.19 |  | 12.48 |  | 12.58 |
| Net interest margin FTE<sup>(a)</sup> |  | 3.87 |  | 3.73 |  | 3.67 |  | 3.61 |  | 3.48 |
| Efficiency ratio |  | 54.75 |  | 54.11 |  | 55.56 |  | 56.62 |  | 56.81 |
| Number of full-time equivalent employees |  | 182 |  | 178 |  | 181 |  | 175 |  | 173 |
| **MARKET DATA** |  |  |  |  |  |  |  |  |  |  |
| Book value per common share | $— | 49.18 | $— | 48.07 | $— | 47.56 | $— | 46.11 | $— | 44.80 |
| Period-end common share market value |  | 62.36 |  | 54.00 |  | 49.50 |  | 43.50 |  | 44.00 |
| Market as a % of book |  | 126.80 |  | 112.30 |  | 104.09 |  | 94.34 |  | 98.20% |
| Price-to-earnings ratio |  | 11.59 |  | 10.65 |  | 9.48 |  | 9.01 |  | 10.92 |
| Average basic common shares outstanding |  | 2627015 |  | 2629229 |  | 2636028 |  | 2639244 |  | 2644543 |
| Average diluted common shares outstanding |  | 2627015 |  | 2629229 |  | 2636028 |  | 2639244 |  | 2644543 |
| Period end common shares outstanding |  | 2627015 |  | 2627015 |  | 2632498 |  | 2638921 |  | 2641547 |
| Common stock market capitalization | $— | 163821 | $— | 141859 | $— | 130309 | $— | 114793 | $— | 116228 |
| **ASSET QUALITY** |  |  |  |  |  |  |  |  |  |  |
| Gross charge-offs | $— | 13 | $— | 31 | $— | 39 | $— | 368 | $— | 35 |
| Net charge-offs |  | 7 |  | 26 |  | 11 |  | 362 |  | 29 |
| Allowance for credit losses |  | 12947 |  | 12470 |  | 8720 |  | 8251 |  | 7974 |
| Nonperforming assets (NPAs) |  | 1018 |  | 652 |  | 746 |  | 1358 |  | 1597 |
| Net charge-off / average loans ratio |  | 0.00 |  | 0.01 |  | 0.01 |  | 0.19 |  | 0.02% |
| Allowance for credit losses / period-end loans |  | 1.52 |  | 1.50 |  | 1.08 |  | 1.05 |  | 1.05 |
| NPAs/loans and other real estate |  | 0.12 |  | 0.08 |  | 0.09 |  | 0.17 |  | 0.21 |
| Allowance for credit losses / nonperforming loans |  | 1272 |  | 1913 |  | 1169 |  | 608 |  | 499 |
| **CAPITAL & LIQUIDITY** |  |  |  |  |  |  |  |  |  |  |
| Period-end tangible equity to assets<sup>(b)</sup> |  | 9.87 |  | 9.43 |  | 9.69 |  | 9.48 |  | 9.36 |
| Average equity to assets |  | 10.12 |  | 9.90 |  | 9.96 |  | 9.82 |  | 9.73 |
| Average equity to loans |  | 15.20 |  | 15.56 |  | 15.55 |  | 15.36 |  | 15.42 |
| Average loans to deposits |  | 76.41 |  | 72.62 |  | 72.97 |  | 72.86 |  | 72.09 |
| **AVERAGE BALANCES** |  |  |  |  |  |  |  |  |  |  |
| Assets | $— | 1269557 | $— | 1285617 | $— | 1253262 | $— | 1220306 | $— | 1197828 |
| Earning assets |  | 1205187 |  | 1216492 |  | 1184077 |  | 1153677 |  | 1131483 |
| Loans |  | 845298 |  | 818312 |  | 802858 |  | 779664 |  | 755860 |
| Deposits |  | 1106338 |  | 1126878 |  | 1100283 |  | 1070136 |  | 1048534 |
| Shareholders' equity |  | 128465 |  | 127296 |  | 124818 |  | 119779 |  | 116554 |
| **ENDING BALANCES** |  |  |  |  |  |  |  |  |  |  |
| Assets | $— | 1265503 | $— | 1292736 | $— | 1248357 | $— | 1237969 | $— | 1218640 |
| Earning assets |  | 1200667 |  | 1228856 |  | 1178781 |  | 1163268 |  | 1148625 |
| Loans |  | 852718 |  | 829778 |  | 810048 |  | 788070 |  | 761240 |
| Deposits |  | 1101821 |  | 1127915 |  | 1096596 |  | 1089344 |  | 1070777 |
| Shareholders' equity |  | 129203 |  | 126280 |  | 125190 |  | 121683 |  | 118335 |

---

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.

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**CSB BANCORP, INC.**

**CONSOLIDATED BALANCE SHEETS**

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| | | |
|:---|:---|:---|
| *(Unaudited)* | **March 31,** | **March 31,** |
| *(Dollars in thousands, except per share data)* | **2026** | **2025** |
| **ASSETS** |  |  |
| &nbsp;&nbsp;Cash and cash equivalents |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 17738 | 22315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits with banks | 37470 | 66171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 55208 | 88486 |
| &nbsp;&nbsp;Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale, at fair-value | 128831 | 119428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity | 179155 | 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity securities | 302 | 266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted stock, at cost | 1645 | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 309933 | 321214 |
| &nbsp;&nbsp;Loans held for sale | 546 | - |
| &nbsp;&nbsp;Loans | 852718 | 761240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less allowance for credit losses | 12947 | 7974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans | 839771 | 753266 |
| &nbsp;&nbsp;Premises and equipment, net | 13663 | 13935 |
| &nbsp;&nbsp;Goodwill | 4728 | 4728 |
| &nbsp;&nbsp;Bank owned life insurance | 31423 | 28441 |
| &nbsp;&nbsp;Accrued interest receivable and other assets | 10231 | 8570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL ASSETS** | $1265503 | $1218640 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |
| **LIABILITIES** |  |  |
| &nbsp;&nbsp;Deposits: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | 272934 | 283255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | 828887 | 787522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1101821 | 1070777 |
| &nbsp;&nbsp;Short-term borrowings | 27648 | 24981 |
| &nbsp;&nbsp;Other borrowings | 892 | 1236 |
| &nbsp;&nbsp;Accrued interest payable and other liabilities | 5939 | 3311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES** | 1136300 | 1100305 |
| **SHAREHOLDERS' EQUITY** |  |  |
| &nbsp;&nbsp;Common stock, $6.25 par value. Authorized 9,000,000 shares; |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;issued 2,980,602 shares in 2026 and 2025 | 18629 | 18629 |
| &nbsp;&nbsp;Additional paid-in capital | 9815 | 9815 |
| &nbsp;&nbsp;Retained earnings | 115461 | 105664 |
| &nbsp;&nbsp;Treasury stock at cost - 353,587 shares in 2026 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;and 339,055 shares in 2025 | (9293) | (8622) |
| &nbsp;&nbsp;Accumulated other comprehensive loss | (5409) | (7151) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHAREHOLDERS' EQUITY** | 129203 | 118335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | $1265503 | $1218640 |

---

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**CSB BANCORP, INC.**

**CONSOLIDATED STATEMENTS OF INCOME**

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| | | |
|:---|:---|:---|
|  | **Quarters ended** | **Quarters ended** |
| *(Unaudited)* | **March 31,** | **March 31,** |
| *(Dollars in thousands, except per share data)* | **2026** | **2025** |
| Interest and dividend income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | 12526 | 10875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 1962 | 1795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nontaxable securities | 64 | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 418 | 536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 14970 | 13281 |
| Interest expense: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 3438 | 3527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 67 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 3505 | 3600 |
| Net interest income | 11465 | 9681 |
| Provision for credit loss expense | 495 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income, after provision |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for credit loss expense | 10970 | 9279 |
| Noninterest income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 306 | 295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trust services | 318 | 278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debit card interchange fees | 543 | 515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit card fees | 191 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings on bank owned life insurance | 255 | 216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 52 | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized gain on equity securities | 24 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 183 | 193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total noninterest income | 1872 | 1696 |
| Noninterest expenses |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 4233 | 3697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occupancy expense | 348 | 356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment expense | 208 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional and director fees | 458 | 413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software expense | 521 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing and public relations | 131 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debit card expense | 208 | 211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial institutions tax | 253 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC insurance expense | 147 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other expenses | 798 | 710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total noninterest expenses | 7305 | 6481 |
| Income before income taxes | 5537 | 4494 |
| Federal income tax provision | 1093 | 878 |
| Net income | $4444 | $3616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income per share: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic and diluted | $1.69 | $1.37 |

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**CSB BANCORP, INC.**

**NON-GAAP DISCLOSURES**

**NET INTEREST INCOME, FULLY-TAXABLE EQUIVALENT**

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| | | |
|:---|:---|:---|
|  | **Quarters ended** | **Quarters ended** |
| *(Unaudited)* | **March 31,** | **March 31,** |
| *(Dollars in thousands)* | **2026** | **2025** |
| Net interest income | 11465 | 9681 |
| Taxable equivalent adjustment<sup>1</sup> | 28 | 31 |
| Net interest income, FTE | $11493 | $9712 |
| Net interest margin | 3.86% | 3.47% |
| Taxable equivalent adjustment<sup>1</sup> | 0.01 | 0.01 |
| Net interest margin, FTE | 3.87% | 3.48% |

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<sup>1</sup> 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**

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| | | |
|:---|:---|:---|
|  | **Quarters ended** | **Quarters ended** |
| *(Unaudited)* | **March 31,** | **March 31,** |
| *(Dollars in thousands)* | **2026** | **2025** |
| **Pre-Provision Net Revenue (PPNR)** |  |  |
| Net interest income | 11465 | 9681 |
| Total noninterest income | 1872 | 1696 |
| Total revenue | 13337 | 11377 |
| Less: Noninterest expense | 7305 | 6481 |
| PPNR (Non-GAAP) | $6032 | $4896 |

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**TANGIBLE EQUITY**

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| | | |
|:---|:---|:---|
| *(Unaudited)* | **March 31,** | **March 31,** |
| *(Dollars in thousands)* | **2026** | **2025** |
| Total Shareholders' Equity (GAAP) | 129203 | 118335 |
| Less: Goodwill | 4728 | 4728 |
| Tangible Shareholders' Equity (Non-GAAP) | $124475 | $113607 |

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