# EDGAR Filing Document

**Accession Number:** 0000880417
**File Stem:** 0001193125-25-277449
**Filing Date:** 2025-11
**Character Count:** 134384
**Document Hash:** 230bcb9c8dc5e1f710ada6534d1f8fc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-277449.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001193125-25-277449

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 60

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**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:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-21714
- **FILM NUMBER:** 251472346

**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'? 10-Q

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

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**FORM** 10-Q

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**(Mark One)**

☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

**For the quarterly period ended:** **September 30,** 2025

**OR**

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Commission File Number:** 000-21714

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CSB Bancorp, Inc.

**(Exact Name of Registrant as Specified in its Charter)**

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---

| | |
|:---|:---|
| Ohio | 34-1687530 |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(I.R.S. Employer<br>Identification No.)** |
| 91 North Clay Street**,** P.O. Box 232<br>Millersburg**,** OH | 44654 |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (**330**)** 674-9015

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

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common Shares, $6.25 par value | CSBB | OTCID |

---

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. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| 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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒ No ☐

As of November 1, 2025, the registrant had 2,629,226 shares of common stock, $6.25 par value per share, outstanding.

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CSB BANCORP, INC.

FORM 10-Q

QUARTER ENDED September 30, 2025

**Table of Contents**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;[<u>Part I - Financial Information</u>](#part_i_financial_information) |  |
|  |  | &nbsp;&nbsp;Page |
| &nbsp;&nbsp;ITEM 1 – | &nbsp;&nbsp;[<u>FINANCIAL STATEMENTS (Unaudited)</u>](#item_1_financial_statements) |  |
|  | &nbsp;&nbsp;[<u>Consolidated Balance Sheets</u>](#consolidated_balance_sheets) | &nbsp;&nbsp;3 |
|  | &nbsp;&nbsp;[<u>Consolidated Statements of Income</u>](#consolidated_statements_income) | &nbsp;&nbsp;4 |
|  | &nbsp;&nbsp;[<u>Consolidated Statements of Comprehensive Income</u>](#consolidated_statements_comprehensive_in) | &nbsp;&nbsp;5 |
|  | &nbsp;&nbsp;[<u>Consolidated Statements of Changes in Shareholders' Equity</u>](#consolidated_statements_changes_in_share) | &nbsp;&nbsp;6 |
|  | &nbsp;&nbsp;[<u>Condensed Consolidated Statements of Cash Flows</u>](#condensed_consolidated_statements_cash_f) | &nbsp;&nbsp;7 |
|  | &nbsp;&nbsp;[<u>Notes to Consolidated Financial Statements</u>](#notes_to_consolidated_financial_statemen) | &nbsp;&nbsp;8 |
| &nbsp;&nbsp;ITEM 2 – | &nbsp;&nbsp;[<u>MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</u>](#item_2_managements_discussion_analysis_f) | &nbsp;&nbsp;29 |
| &nbsp;&nbsp;ITEM 3 – | &nbsp;&nbsp;[<u>QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</u>](#item_3_quantitative_qualitative_disclosu) | &nbsp;&nbsp;37 |
| &nbsp;&nbsp;ITEM 4 – | &nbsp;&nbsp;[<u>CONTROLS AND PROCEDURES</u>](#item_4_controls_procedures) | &nbsp;&nbsp;38 |
|  | &nbsp;&nbsp;[<u>Part II - Other Information</u>](#part_ii_other_information) |  |
| &nbsp;&nbsp;ITEM 1 –  | &nbsp;&nbsp;[<u>Legal Proceedings</u>](#item_1_legal_proceedings) | &nbsp;&nbsp;39 |
| &nbsp;&nbsp;ITEM 1A – | &nbsp;&nbsp;[<u>Risk Factors</u>](#item_1a_risk_factors) | &nbsp;&nbsp;39 |
| &nbsp;&nbsp;ITEM 2 – | &nbsp;&nbsp;[<u>Unregistered Sales of Equity Securities and Use of Proceeds</u>](#item_2_unregistered_sales_equity_securit) | &nbsp;&nbsp;39 |
| &nbsp;&nbsp;ITEM 3 –  | &nbsp;&nbsp;[<u>Defaults upon Senior Securities</u>](#item_3_defaults_upon_senior_securities) | &nbsp;&nbsp;39 |
| &nbsp;&nbsp;ITEM 4 – | &nbsp;&nbsp;[<u>Mine Safety Disclosures</u>](#item_4_mine_safety_disclosures) | &nbsp;&nbsp;39 |
| &nbsp;&nbsp;ITEM 5 –  | &nbsp;&nbsp;[<u>Other Information</u>](#item_5_or_information) | &nbsp;&nbsp;39 |
| &nbsp;&nbsp;ITEM 6 – | &nbsp;&nbsp;[<u>Exhibits</u>](#item_6_exhibits) | &nbsp;&nbsp;40 |
|  | &nbsp;&nbsp;[<u>Signatures</u>](#signatures) | &nbsp;&nbsp;41 |

---

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CSB BANCORP, INC.

PART I – FINANCIAL INFORMATION

ITEM 1. – FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEETS

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **September 30,** | **December 31,** |
| *(Dollars in thousands, except per share data)* | **2025** | **2024** |
| **ASSETS** |  |  |
| Cash and cash equivalents |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | $20069 | $21287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-earning deposits in other banks | 60408 | 52222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold | 330 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 80807 | 73509 |
| Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale, at fair value | 115795 | 125434 |
| &nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity; fair value of $166,654 in 2025 and $172,603 in 2024 ($0 credit loss allowance for 2025 and 2024) | 190027 | 204309 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity securities | 269 | 266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restricted stock, at cost | 1520 | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 307611 | 331529 |
| Loans held for sale | 384 | 283 |
| Loans | 810048 | 737641 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less allowance for credit losses | 8720 | 7595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans | 801328 | 730046 |
| Premises and equipment, net | 13716 | 14069 |
| Bank-owned life insurance | 30899 | 28225 |
| Goodwill | 4728 | 4728 |
| Accrued interest receivable and other assets | 8884 | 9111 |
| **TOTAL ASSETS** | $1248357 | $1191500 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |
| **LIABILITIES** |  |  |
| Deposits |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $277838 | $281358 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | 818758 | 763529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 1096596 | 1044887 |
| Short-term borrowings | 20304 | 25683 |
| Other borrowings | 941 | 1266 |
| Allowance for credit losses on off-balance sheet commitments | 514 | 524 |
| Accrued interest payable and other liabilities | 4812 | 4305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES** | 1123167 | 1076665 |
| **SHAREHOLDERS' EQUITY** |  |  |
| Common stock, $6.25 par value. Authorized 9,000,000 shares; issued<br> 2,980,602 shares; outstanding 2,632,498 shares in 2025 and 2,650,089 in 2024 | 18629 | 18629 |
| Additional paid-in capital | 9815 | 9815 |
| Retained earnings | 111380 | 103105 |
| Treasury stock at cost: 348,104 shares in 2025 and 330,513 shares in 2024 | (9020) | (8294) |
| Accumulated other comprehensive loss | (5614) | (8420) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHAREHOLDERS' EQUITY** | 125190 | 114835 |
| **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | $1248357 | $1191500 |

---

*See notes to unaudited consolidated financial statements.*

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CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended <br>September 30,** | **Three Months Ended <br>September 30,** | **Nine Months Ended<br>September 30,** | **Nine Months Ended<br>September 30,** |
| *(Dollars in thousands, except per share data)* | **2025** | **2024** | **2025** | **2024** |
| **INTEREST AND DIVIDEND INCOME** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $12117 | $10531 | $34489 | $30959 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable securities | 1695 | 1782 | 5168 | 5489 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nontaxable securities | 73 | 88 | 223 | 264 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 829 | 789 | 2043 | 1537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest and dividend income | 14714 | 13190 | 41923 | 38249 |
| **INTEREST EXPENSE** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 3715 | 3898 | 10757 | 10687 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 57 | 71 | 186 | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 4 | 7 | 16 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 3776 | 3976 | 10959 | 10962 |
| **NET INTEREST INCOME** | 10938 | 9214 | 30964 | 27287 |
| **CREDIT LOSS EXPENSE** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit loss expense - loans | 480 | 645 | 1527 | 4945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for (recovery of) credit loss expense - off-balance sheet commitments | 21 | 55 | (10) | (204) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total provision for credit loss expense | 501 | 700 | 1517 | 4741 |
| **NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE** | 10437 | 8514 | 29447 | 22546 |
| **NONINTEREST INCOME** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 310 | 301 | 902 | 872 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust services | 294 | 274 | 840 | 951 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debit card interchange fees | 563 | 535 | 1628 | 1570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit card fees | 182 | 162 | 483 | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans, net | 65 | 106 | 195 | 215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Earnings on bank owned life insurance | 229 | 203 | 674 | 585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized (loss) gain on equity securities | (4) | 17 | 2 | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | 227 | 211 | 615 | 657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 1866 | 1809 | 5339 | 5322 |
| **NONINTEREST EXPENSES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 4109 | 3656 | 11727 | 10181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy expense | 323 | 295 | 1031 | 872 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equipment expense | 200 | 224 | 629 | 649 |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional and director fees | 502 | 391 | 1307 | 1160 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial institutions tax | 226 | 216 | 689 | 648 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing and public relations | 155 | 162 | 414 | 432 |
| &nbsp;&nbsp;&nbsp;&nbsp;Software expense | 498 | 421 | 1342 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debit card expense | 208 | 186 | 617 | 568 |
| &nbsp;&nbsp;&nbsp;&nbsp;FDIC insurance expense | 135 | 132 | 420 | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other expenses | 777 | 739 | 2316 | 2209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expenses | 7133 | 6422 | 20492 | 18378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 5170 | 3901 | 14294 | 9490 |
| **FEDERAL INCOME TAX PROVISION** | 1019 | 756 | 2800 | 1797 |
| **NET INCOME** | $4151 | $3145 | $11494 | $7693 |
| **Basic and diluted net earnings per share** | $1.57 | $1.18 | $4.35 | $2.89 |

---

*See notes to unaudited consolidated financial statements*

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CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended <br>September 30,** | **Three Months Ended <br>September 30,** | **Nine Months Ended<br>September 30,** | **Nine Months Ended<br>September 30,** |
| *(Dollars in thousands)* | **2025** | **2024** | **2025** | **2024** |
| Net income | $4151 | $3145 | $11494 | $7693 |
| Other comprehensive income |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized gain on available-for-sale securities arising during the period | 876 | 3409 | 3426 | 3556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amortization of held-to-maturity discount resulting from transfer | 44 | 48 | 125 | 135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax effect at 21% | (194) | (726) | (745) | (775) |
| Other comprehensive income | 726 | 2731 | 2806 | 2916 |
| Total comprehensive income | $4877 | $5876 | $14300 | $10609 |

---

*See notes to unaudited consolidated financial statements.*

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CSB BANCORP, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

(Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *(Dollars in thousands, except per share data)* | **Common<br>stock** | **Additional<br>paid-in<br>capital** | **Retained<br>earnings** | **Treasury<br>stock** | **Accumulated<br>other<br>comprehensive<br>loss** | **Total** |
| **Three Months Ended September 30, 2025** |  |  |  |  |  |  |
| **Balance at beginning of period** | $18629 | $9815 | $108309 | $(8730) | $(6340) | $121683 |
| Net income |  |  | 4151 |  |  | 4151 |
| Other comprehensive income |  |  |  |  | 726 | 726 |
| Purchase of 6,423 treasury shares |  |  |  | (290) |  | (290) |
| Cash dividends declared, $0.41 per share |  |  | (1080) |  |  | (1080) |
| **Balance at September 30, 2025** | $18629 | $9815 | $111380 | $(9020) | $(5614) | $125190 |
| **Nine Months Ended September 30, 2025** |  |  |  |  |  |  |
| **Balance at December 31, 2024** | $18629 | $9815 | $103105 | $(8294) | $(8420) | $114835 |
| Net income |  |  | 11494 |  |  | 11494 |
| Other comprehensive income |  |  |  |  | 2806 | 2806 |
| Purchase of 17,591 treasury shares |  |  |  | (726) |  | (726) |
| Cash dividends declared, $1.22 per share |  |  | (3219) |  |  | (3219) |
| **Balance at September 30, 2025** | $18629 | $9815 | $111380 | $(9020) | $(5614) | $125190 |
| **Three Months Ended <br>September 30, 2024** |  |  |  |  |  |  |
| **Balance at beginning of period** | $18629 | $9815 | $99766 | $(7757) | $(10085) | $110368 |
| Net income |  |  | 3145 |  |  | 3145 |
| Other comprehensive income |  |  |  |  | 2731 | 2731 |
| Purchase of 4,600 treasury shares |  |  |  | (172) |  | (172) |
| Cash dividends declared, $0.40 per share |  |  | (1064) |  |  | (1064) |
| **Balance at September 30, 2024** | $18629 | $9815 | $101847 | $(7929) | $(7354) | $115008 |
| **Nine Months Ended September 30, 2024** |  |  |  |  |  |  |
| **Balance at December 31, 2023** | $18629 | $9815 | $97297 | $(7532) | $(10270) | $107939 |
| Net income |  |  | 7693 |  |  | 7693 |
| Other comprehensive income |  |  |  |  | 2916 | 2916 |
| Purchase of 10,614 treasury shares |  |  |  | (397) |  | (397) |
| Cash dividends declared, $1.18 per share |  |  | (3143) |  |  | (3143) |
| **Balance at September 30, 2024** | $18629 | $9815 | $101847 | $(7929) | $(7354) | $115008 |

---

*See notes to unaudited consolidated financial statements.*

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CSB BANCORP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Nine Months Ended<br>September 30,** | **Nine Months Ended<br>September 30,** |
| *(Dollars in thousands)* | **2025** | **2024** |
| **NET CASH PROVIDED BY OPERATING ACTIVITIES** | $13302 | $8934 |
| **INVESTING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from repayments, available-for-sale | 33031 | 17497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from repayments, held-to-maturity | 14191 | 14529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases, available-for-sale | (20183) | (5889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redemption of FHLB stock |  | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan originations, net | (72754) | (22279) |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, equipment, and software acquisitions | (349) | (1728) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase of bank-owned life insurance | (2000) | (2000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash (used in) provided by investing activities | (48064) | 145 |
| **FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase in deposits | 51709 | 43104 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in short-term borrowings | (5379) | (16619) |
| &nbsp;&nbsp;&nbsp;&nbsp;Repayment of other borrowings | (325) | (458) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash dividends paid | (3219) | (3143) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase of treasury shares | (726) | (397) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 42060 | 22487 |
| **NET INCREASE IN CASH AND CASH EQUIVALENTS** | 7298 | 31566 |
| **CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD** | 73509 | 64077 |
| **CASH AND CASH EQUIVALENTS AT END OF PERIOD** | $80807 | $95643 |
| **SUPPLEMENTAL DISCLOSURES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid during the year for: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | $10998 | $10865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes | 2500 | 2775 |

---

*See notes to unaudited consolidated financial statements.*

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CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the "Bank") and CSB Investment Services, LLC (together referred to as the "Company" or "CSB"). All significant intercompany transactions and balances have been eliminated in consolidation.

The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company's financial position at September 30, 2025, and the results of operations and changes in cash flows for the periods presented have been made.

Certain information and footnote disclosures typically included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been omitted. The Annual Report for CSB for the year ended December 31, 2024, contains Consolidated Financial Statements and related footnote disclosures, which should be read in conjunction with the accompanying condensed Consolidated Financial Statements. The results of operations for the period ended September 30, 2025 are not necessarily indicative of the operating results for the full year or any future interim period.

Certain items in the prior-year financial statements were reclassified to conform to the current-year presentation. Such reclassifications had no effect on net income or shareholders' equity.

**USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS**

In preparing the Consolidated Financial Statements, in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheets and reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. The most significant estimates susceptible to change in the near term relate to management's determination of the allowance for credit losses and the fair value of financial instruments.

**RECENTLY ISSUED ACCOUNTING PRONOUNCMENTS**

In December 2023, the FASB issued **ASU 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures***, which provides for improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This guidance is effective for public business entities for annual periods beginning after December 15, 2024, and for annual periods beginning after December 15, 2025, for all other entities. The Company adopted the new disclosures for the annual periods beginning on January 1, 2025. The Company will include the applicable and relevant required disclosures in the Income Taxes footnote in the Form 10-K for the year ending December 31, 2025.

In November 2024, the FASB issued **ASU 2024-03, *Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures***. This ASU requires disclosure in the notes to financial statements of specified information about certain costs and expenses. Specific disclosures are required for (a) purchases of inventory, (b) employee compensation, (c) depreciation, (d) intangible asset amortization, and (e) depreciation, depletion, and amortization recognized as part of oil and gas producing activities. The amendments in this Update do not change or remove current expense disclosure requirements. However, the amendments affect where this information appears in the notes to financial statements because entities are required to include certain current disclosures in the same tabular format disclosure as the other disaggregation requirements in the amendments. The amendments in ASU 2024-03 apply only to public business entities and are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of this new guidance on its financial statements.

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CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**Note 2 – SECURITIES** 

Securities consisted of the following on September 30, 2025 and December 31, 2024:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Amortized<br>Cost** | **Gross<br>Unrealized<br>Gains** | **Gross<br>Unrealized<br>Losses** | **Allowance for Credit Losses** | **Fair<br>Value** |
| **September 30, 2025** |  |  |  |  |  |
| **Available-for-sale** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury securities | $5015 | $5 | $— | $— | $5020 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government agencies | 6000 |  | (118) |  | 5882 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities of government agencies | 75631 | 228 | (5065) |  | 70794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities of government agencies | 368 |  | (9) |  | 359 |
| &nbsp;&nbsp;&nbsp;&nbsp;State and political subdivisions | 14520 |  | (435) |  | 14085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 20137 | 19 | (501) |  | 19655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale | 121671 | 252 | (6128) |  | 115795 |
| **Held-to-maturity** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury securities | 7888 |  | (364) |  | 7524 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities of government agencies | 179644 | 6 | (22906) |  | 156744 |
| &nbsp;&nbsp;&nbsp;&nbsp;State and political subdivisions | 2495 |  | (109) |  | 2386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total held-to-maturity | 190027 | 6 | (23379) |  | 166654 |
| **Equity securities** | 185 | 84 |  |  | 269 |
| **Restricted stock** | 1520 |  |  |  | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total securities** | $313403 | $342 | $(29507) | $— | $284238 |
| **December 31, 2024** |  |  |  |  |  |
| **Available-for-sale** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury securities | $13487 | $8 | $(81) | $— | $13414 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government agencies | 6000 |  | (302) |  | 5698 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities of government agencies | 69746 | 30 | (7078) |  | 62698 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities of government agencies | 404 |  | (6) |  | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;State and political subdivisions | 15051 |  | (805) |  | 14246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 30048 | 5 | (1073) |  | 28980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale | 134736 | 43 | (9345) |  | 125434 |
| **Held-to-maturity** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury securities | 7854 |  | (621) |  | 7233 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities of government agencies | 193937 |  | (30862) |  | 163075 |
| &nbsp;&nbsp;&nbsp;&nbsp;State and political subdivisions | 2518 |  | (223) |  | 2295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total held-to-maturity | 204309 |  | (31706) |  | 172603 |
| **Equity securities** | 185 | 81 |  |  | 266 |
| **Restricted stock** | 1520 |  |  |  | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total securities** | $340750 | $124 | $(41051) | $— | $299823 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**Note 2 – SECURITIES** (continued)

The amortized cost and fair value of debt securities on September 30, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

---

| | | |
|:---|:---|:---|
| *(Dollars in thousands)* | **Amortized cost** | **Fair value** |
| **Available-for-sale** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Due in one year or less | $7507 | $7490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due after one through five years | 28807 | 28410 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due after five through ten years | 14109 | 13196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due after ten years | 71248 | 66699 |
| **Total debt securities available-for-sale** | $121671 | $115795 |
| **Held-to-maturity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Due in one year or less | $2498 | $2492 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due after one through five years | 3305 | 3193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due after five through ten years | 4665 | 4310 |
| &nbsp;&nbsp;&nbsp;&nbsp;Due after ten years | 179559 | 156659 |
| **Total debt securities held-to-maturity** | $190027 | $166654 |

---

Securities with a fair value of approximately $129 million were pledged on September 30, 2025 and December 31, 2024, respectively, to secure public deposits, as well as other deposits and borrowings as required or permitted by law.

Restricted stock primarily consists of investments in Federal Home Loan Bank of Cincinnati (FHLB) and Federal Reserve Bank stock. The Bank's investment in FHLB stock amounted to approximately $1.0 million on September 30, 2025 and December 31, 2024. Federal Reserve Bank stock was $471 thousand on September 30, 2025 and December 31, 2024.

There were no proceeds from sales of securities for the three and nine-month periods ended September 30, 2025 and 2024. All gains and losses recognized on equity securities during the three and nine-month periods were unrealized.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**Note 2 – SECURITIES** (continued)

The following table presents gross unrealized losses and fair value of securities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, on September 30, 2025 and December 31, 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Securities in a continuous unrealized loss position** | **Securities in a continuous unrealized loss position** | **Securities in a continuous unrealized loss position** | **Securities in a continuous unrealized loss position** | **Securities in a continuous unrealized loss position** | **Securities in a continuous unrealized loss position** |
|  | **Less than 12 months** | **Less than 12 months** | **12 months or more** | **12 months or more** | **Total** | **Total** |
| *(Dollars in thousands)* | **Gross<br>unrealized<br>losses** | **Fair<br>value** | **Gross<br>unrealized<br>losses** | **Fair<br>value** | **Gross<br>unrealized<br>losses** | **Fair<br>value** |
| **September 30, 2025** |  |  |  |  |  |  |
| **Available-for-sale** |  |  |  |  |  |  |
| U.S. Government agencies | $— | $— | $(118) | $5882 | $(118) | $5882 |
| Mortgage-backed securities of government agencies | (15) | 1816 | (5050) | 39836 | (5065) | 41652 |
| Asset-backed securities of government agencies |  |  | (9) | 359 | (9) | 359 |
| State and political subdivisions |  |  | (435) | 11280 | (435) | 11280 |
| Corporate bonds |  |  | (501) | 15399 | (501) | 15399 |
| **Total temporarily impaired** | $(15) | $1816 | $(6113) | $72756 | $(6128) | $74572 |
| **December 31, 2024** |  |  |  |  |  |  |
| **Available-for-sale** |  |  |  |  |  |  |
| U.S. Treasury securities | $— | $— | $(81) | $8949 | $(81) | $8949 |
| U.S. Government agencies |  |  | (302) | 5698 | (302) | 5698 |
| Mortgage-backed securities of government agencies | (88) | 12944 | (6990) | 45063 | (7078) | 58007 |
| Asset-backed securities of government agencies |  |  | (6) | 398 | (6) | 398 |
| State and political subdivisions | (19) | 1446 | (786) | 12800 | (805) | 14246 |
| Corporate bonds |  |  | (1073) | 27473 | (1073) | 27473 |
| **Total temporarily impaired** | $(107) | $14390 | $(9238) | $100381 | $(9345) | $114771 |

---

There were 98 securities in an unrealized loss position on September 30, 2025, 94 of which were in a continuous loss position for twelve (12) months or more. Each quarter the Company conducts a comprehensive security-level impairment assessment on the securities portfolio. Management believes the Company will fully recover the cost of these securities. Unrealized losses on the Company's fixed-rate debt securities are a result of interest rate increases. U.S. Treasury securities and investments in securities of U.S. government sponsored agency bonds comprise $73 million of total AFS securities. The remaining $37 million of non-agency debt securities is made up of Corporate Bonds and debt securities to State and Political Subdivisions. For non-agency debt securities, the Company verified the current credit ratings remain above investment grade. Non-rated debt securities total $10 million. Annually, management reviews the credit profile of each non-rated issue and assesses whether any impairment to the contractually obligated cash flow is likely to occur. Based on these reviews, management has concluded the underlying creditworthiness for each security remains sufficient to maintain required payment obligations and, therefore, no allowance for credit losses has been recorded. Management believes the value will recover as the securities approach maturity or market interest rates change.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**Note 2 – SECURITIES** (continued)

The Bank monitors the credit quality of held-to-maturity debt securities primarily through utilizing their credit rating. The Bank monitors the credit rating on a quarterly basis. There are no nonperforming held-to-maturity securities. As of September 30, 2025, no ACL was required for any held-to-maturity security. The majority of the securities are explicitly or implicitly guaranteed by the United States government, and any estimate of expected credit losses would be insignificant to the Bank. The following table summarizes the amortized cost of held-to maturity debt securities at September 30, 2025 and December 31, 2024, aggregated by credit quality indicator:

---

| | | | |
|:---|:---|:---|:---|
| *(Dollars in thousands)* | **U.S. Treasury securities** | **Mortgage- backed securities of government agencies** | **State and political subdivisions** |
| **September 30, 2025** |  |  |  |
| **Credit rating:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AAA / AA / A | $7888 | $179644 | $2495 |
| &nbsp;&nbsp;&nbsp;&nbsp;BBB / BB / B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lower than B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-rated |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | $7888 | $179644 | $2495 |
| **December 31, 2024** |  |  |  |
| **Credit rating:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AAA / AA / A | $7854 | $193937 | $2518 |
| &nbsp;&nbsp;&nbsp;&nbsp;BBB / BB / B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lower than B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-rated |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | $7854 | $193937 | $2518 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS**

Loans consisted of the following on September 30, 2025 and December 31, 2024:

---

| | | |
|:---|:---|:---|
| *(Dollars in thousands)* | **September 30,<br>2025** | **December 31, 2024** |
| Commercial and industrial | $150499 | $144376 |
| Commercial real estate | 245454 | 190514 |
| Commercial lessors of buildings | 110605 | 101168 |
| Construction | 47767 | 64262 |
| Consumer mortgage | 191677 | 177578 |
| Home equity line of credit | 50021 | 44971 |
| Consumer installment | 9453 | 9645 |
| Consumer indirect | 4667 | 5276 |
| &nbsp;&nbsp;Total loans | 810143 | 737790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (8720) | (7595) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred loan fees, net | (95) | (149) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net Loans** | $801328 | $730046 |

---

**Loan Origination/Risk Management**

The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions.

Commercial loans are underwritten after evaluating and understanding the borrower's ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. The Company's management examines current and occasionally projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers; however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable, inventory, and equipment, and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.

Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company's commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company's exposure to adverse economic events that affect any single industry. Management monitors and evaluates commercial real estate loans based on collateral, geography, and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied.

The top ten collateral exposures in commercial real estate and commercial lessors of buildings at September 30, 2025 are as follows: Industrial, manufacturing and production $73 million; warehouse $41 million: healthcare facilities $39 million; residential investment property $31 million; animal feed production $20 million; auto repair $19 million; hotels $19 million; retail strip center $19 million; retail stores $17 million; senior housing $12 million.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

With respect to loans to developers and builders that are secured by non-owner-occupied properties, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction and land development loans are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates, and financial analysis of the developers and property owners. These loans are generally based upon estimates of costs and values associated with the completed project. These estimates may be inaccurate.

Construction and land development loans often involve the disbursement of substantial funds with repayment dependent on the success of the project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of the developed property, or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risk than other real estate loans due to their repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions, and the availability of long-term financing.

The Company originates consumer loans utilizing a judgmental underwriting process. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, mitigates risk.

The Company maintains an independent credit department that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company's policies and procedures.

Loans serviced for others approximated $133 million and $136 million on September 30, 2025 and December 31, 2024, respectively.

**Concentrations of Credit**

Nearly all the Company's lending activity occurs within the state of Ohio, including the five counties of Holmes, Medina, Stark, Tuscarawas, and Wayne, as well as other markets. The majority of the Company's loan portfolio consists of commercial and commercial real estate loans. Credit concentrations, including commitments, as determined using North American Industry Classification Codes (NAICS), to the three largest industries compared to total loans on September 30, 2025, included $85 million, or 10%, of total loans to lessors of non-residential buildings, $37 million, or 5%, of total loans to manufacturers of animal food, and $31 million, or 4%, of total loans to lessors of residential buildings. These loans are generally secured by real property and equipment, with repayment expected from operational cash flow. Credit evaluation is based on a review of cash flow coverage of principal, interest payments, and the adequacy of the collateral received.

**Allowance for Credit Losses**

The following table details activity in the allowance for credit losses ("ACL") by portfolio segment for the three and nine months ended September 30, 2025 and 2024. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

For the three months ended September 30, 2025, the increase in the provision for credit losses across all loan types was primarily related to the increase in loan volume as well as the average life extension of loans held in the portfolio. For the nine months ended September 30, 2025, the increase in provision for commercial real estate was also affected by charge-offs of $303 thousand during the period. The increase in provision amounts for the remaining loan categories primarily relates to changes in loan volume and average life extension.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

For the three and nine months ended September 30, 2024, the increase in the provision for commercial and industrial loans primarily relates to one individually evaluated commercial loan relationship which has been charged-down to the fair value of the collateral. The commercial and industrial charge-off amount related to this loan relationship was $3.9 million and the commercial real estate charge-off for this same relationship was $420 thousand. The charge-offs also increased the historical loss rates which are applied to the active balances multiplied by the weighted average life of the loan pools. The remaining provision amounts for the quarter are primarily a result of changes in loan volume and weighted average remaining maturities of the loans in each category.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Beginning ACL Balance** | **Charge-offs** | **Recoveries** | **Provision (Recovery) for Credit Losses** | **Ending ACL Balance** |
| **Three Months Ended September 30, 2025** |  |  |  |  |  |
| &nbsp;&nbsp;Commercial and industrial | $3073 | $(13) | $25 | $10 | $3095 |
| &nbsp;&nbsp;Commercial real estate | 2048 | (2) |  | 254 | 2300 |
| &nbsp;&nbsp;Commercial lessors of buildings | 1228 |  |  | 139 | 1367 |
| &nbsp;&nbsp;Construction | 581 |  |  | (27) | 554 |
| &nbsp;&nbsp;Consumer mortgage | 779 |  |  | 70 | 849 |
| &nbsp;&nbsp;Home equity line of credit | 205 |  |  | 16 | 221 |
| &nbsp;&nbsp;Consumer installment | 92 | (24) | 2 | 23 | 93 |
| &nbsp;&nbsp;Consumer indirect | 245 |  | 1 | (5) | 241 |
|  | $8251 | $(39) | $28 | $480 | $8720 |
| **Nine Months Ended September 30, 2025** |  |  |  |  |  |
| &nbsp;&nbsp;Commercial and industrial | $2919 | $(82) | $25 | $233 | $3095 |
| &nbsp;&nbsp;Commercial real estate | 1681 | (303) | 1 | 921 | 2300 |
| &nbsp;&nbsp;Commercial lessors of buildings | 1141 |  |  | 226 | 1367 |
| &nbsp;&nbsp;Construction | 502 |  |  | 52 | 554 |
| &nbsp;&nbsp;Consumer mortgage | 812 |  | 1 | 36 | 849 |
| &nbsp;&nbsp;Home equity line of credit | 205 |  |  | 16 | 221 |
| &nbsp;&nbsp;Consumer installment | 92 | (49) | 9 | 41 | 93 |
| &nbsp;&nbsp;Consumer indirect | 243 | (8) | 4 | 2 | 241 |
|  | $7595 | $(442) | $40 | $1527 | $8720 |
| **Three Months Ended September 30, 2024** |  |  |  |  |  |
| &nbsp;&nbsp;Commercial and industrial | $5274 | $(3663) | $53 | $706 | $2370 |
| &nbsp;&nbsp;Commercial real estate | 2033 | (420) |  | (13) | 1600 |
| &nbsp;&nbsp;Commercial lessors of buildings | 1328 |  |  | (32) | 1296 |
| &nbsp;&nbsp;Construction | 326 |  |  | (16) | 310 |
| &nbsp;&nbsp;Consumer mortgage | 1061 |  | 1 | 30 | 1092 |
| &nbsp;&nbsp;Home equity line of credit | 276 |  |  | 4 | 280 |
| &nbsp;&nbsp;Consumer installment | 74 | (11) | 6 | 4 | 73 |
| &nbsp;&nbsp;Consumer indirect | 215 | (1) | 27 | (38) | 203 |
|  | $10587 | $(4095) | $87 | $645 | $7224 |
| **Nine Months Ended September 30, 2024** |  |  |  |  |  |
| &nbsp;&nbsp;Commercial and industrial | $1737 | $(3931) | $72 | $4492 | $2370 |
| &nbsp;&nbsp;Commercial real estate | 1637 | (420) | 1 | 382 | 1600 |
| &nbsp;&nbsp;Commercial lessors of buildings | 1200 |  |  | 96 | 1296 |
| &nbsp;&nbsp;Construction | 333 |  |  | (23) | 310 |
| &nbsp;&nbsp;Consumer mortgage | 1107 |  | 10 | (25) | 1092 |
| &nbsp;&nbsp;Home equity line of credit | 288 |  |  | (8) | 280 |
| &nbsp;&nbsp;Consumer installment | 76 | (46) | 13 | 30 | 73 |
| &nbsp;&nbsp;Consumer indirect | 229 | (60) | 33 | 1 | 203 |
|  | $6607 | $(4457) | $129 | $4945 | $7224 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

**Age Analysis of Past-Due Loans Receivable and Nonperforming Loans**

The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the past-due status.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Current** | **30-59<br>Days<br>Past<br>Due** | **60-89<br>Days<br>Past<br>Due** | **90 Days +<br>Past Due** | **Total Past Due** | **Total<br>Loans** |
| **September 30, 2025** |  |  |  |  |  |  |
| Commercial and industrial | $150451 | $48 | $— | $— | $48 | $150499 |
| Commercial real estate | 245377 | 77 |  |  | 77 | 245454 |
| Commercial lessors of buildings | 110605 |  |  |  |  | 110605 |
| Construction | 47767 |  |  |  |  | 47767 |
| Consumer mortgage | 190702 | 542 | 433 |  | 975 | 191677 |
| Home equity line of credit | 49601 | 415 | 5 |  | 420 | 50021 |
| Consumer installment | 9434 | 19 |  |  | 19 | 9453 |
| Consumer indirect | 4616 | 24 | 27 |  | 51 | 4667 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Loans | $808553 | $1125 | $465 | $— | $1590 | $810143 |
| **December 31, 2024** |  |  |  |  |  |  |
| Commercial and industrial | $144274 | $46 | $56 | $— | $102 | $144376 |
| Commercial real estate | 190514 |  |  |  |  | 190514 |
| Commercial lessors of buildings | 101168 |  |  |  |  | 101168 |
| Construction | 64262 |  |  |  |  | 64262 |
| Consumer mortgage | 176403 | 633 | 56 | 486 | 1175 | 177578 |
| Home equity line of credit | 44595 | 376 |  |  | 376 | 44971 |
| Consumer installment | 9637 | 5 | 3 |  | 8 | 9645 |
| Consumer indirect | 5238 | 27 | 11 |  | 38 | 5276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Loans | $736091 | $1087 | $126 | $486 | $1699 | $737790 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of September 30, 2025 and December 31, 2024:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Nonaccrual with no ACL** | **Nonaccrual with ACL** | **Total Nonaccrual** | **Loans Past Due 90 Days or More Still Accruing** | **Total Nonperforming** |
| **September 30, 2025** |  |  |  |  |  |
| Commercial and industrial | $— | $60 | $60 | $— | $60 |
| Commercial real estate |  | 164 | 164 |  | 164 |
| Commercial lessors of buildings |  | 1 | 1 |  | 1 |
| Construction |  |  |  |  |  |
| Consumer mortgage |  | 344 | 344 |  | 344 |
| Home equity line of credit |  | 66 | 66 |  | 66 |
| Consumer installment |  | 35 | 35 |  | 35 |
| Consumer indirect |  | 76 | 76 |  | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Loans | $— | $746 | $746 | $— | $746 |
| **December 31, 2024** |  |  |  |  |  |
| Commercial and industrial | $413 | $36 | $449 | $— | $449 |
| Commercial real estate | 497 | 4 | 501 |  | 501 |
| Commercial lessors of buildings |  | 3 | 3 |  | 3 |
| Construction |  |  |  |  |  |
| Consumer mortgage |  | 80 | 80 | 486 | 566 |
| Home equity line of credit |  | 71 | 71 |  | 71 |
| Consumer installment |  | 48 | 48 |  | 48 |
| Consumer indirect |  | 67 | 67 |  | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Loans | $910 | $309 | $1219 | $486 | $1705 |

---

Interest income recognized on nonaccrual loans for the three and nine month periods ended September 30, 2025 was $15 thousand and $43 thousand, respectively and for the three and nine month periods ended September 30, 2024 was $25 thousand and $43 thousand respectively.

**Collateral-Dependent Financial Assets**

When loan repayment is expected to be provided substantially through the operation or sale of collateral and the borrower is experiencing financial difficulty, expected credit losses are based on the fair value of the collateral. The class of loan represents the primary collateral type associated with the loan. The following table presents the amortized cost basis of collateral dependent loans by class of loan:

---

| | | |
|:---|:---|:---|
|  | **Type of Collateral** | **Type of Collateral** |
| *(Dollars in thousands)* | **Real Estate** | **Blanket Liens** |
| **September 30, 2025** |  |  |
| Commercial and industrial | $— | $47 |
| Commercial real estate |  |  |
| &nbsp;&nbsp;**Total collateral dependent loans** | $— | $47 |
| **December 31, 2024** |  |  |
| Commercial and industrial | $— | $413 |
| Commercial real estate | 501 |  |
| &nbsp;&nbsp;**Total collateral dependent loans** | $501 | $413 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

**Credit Quality Indicators**

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes all commercial loans before origination and an annual review of those with an outstanding commitment greater than $500 thousand. The Company uses the following definitions for risk ratings:

**Pass**. Loans classified as pass (Cash Secured, Exceptional, Acceptable, Monitor, or Pass Watch) may exhibit a wide array of characteristics but at a minimum represent an acceptable risk to the Bank. Borrowers in this rating may have leveraged but acceptable balance sheet positions, satisfactory asset quality, stable to favorable sales and earnings trends, acceptable liquidity and adequate cash flow. Loans are considered fully collectible and require an average amount of administration. While generally adhering to credit policy, these loans may exhibit occasional exceptions that do not result in undue risk to the Bank. Borrowers are generally capable of absorbing setbacks, financial and otherwise, without the threat of failure.

**Special Mention**. Assets assigned a Special Mention grade are not considered classified assets but are considered criticized. These assets exhibit potential weaknesses that, deserve management's close attention. If left uncorrected, those potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank's credit position at some future date. Loans in this rating warrant special attention but have not yet reached the point of concern for loss. These assets have deteriorated sufficiently to the point they would have difficulty refinancing elsewhere. Similarly, purchasers of the business would not be eligible for bank financing unless they represent a significantly stronger credit risk.

**Substandard**. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

**Doubtful**. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Based on the most recent analysis performed, the following tables present the recorded investment in non-homogeneous loans by internal risk rating system as of September 30, 2025 and December 31, 2024:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** |  |  |  |
| *(Dollars in thousands)* | **2025** | **2024** | **2023** | **2022** | **2021** | **Prior** | **Revolving Loans Amortized Cost Basis** | **Revolving Loans Converted to Term** | **Total** |
| **September 30, 2025** |  |  |  |  |  |  |  |  |  |
| **Commercial and industrial:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $14306 | $18680 | $17115 | $12237 | $5071 | $6378 | $52694 | $— | $126481 |
| &nbsp;&nbsp;Special mention |  |  | 47 | 98 | 71 |  | 512 |  | 728 |
| &nbsp;&nbsp;Substandard |  | 47 | 9761<br><sup>1</sup> | 3402 | 414 | 606 | 9060 |  | 23290 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $14306 | $18727 | $26923 | $15737 | $5556 | $6984 | $62266 | $— | $150499 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $55 | $— | $— | $— | $27 | $— | $82 |
| **Commercial real estate:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $29975 | $24201 | $30986 | $37363 | $42146 | $33908 | $407 | $— | $198986 |
| &nbsp;&nbsp;Special Mention |  |  |  | 1107 | 2123 | 11201 |  |  | 14431 |
| &nbsp;&nbsp;Substandard | 130 | 336 | 20971<br><sup>2</sup> | 459 | 2281 | 7860 |  |  | 32037 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $30105 | $24537 | $51957 | $38929 | $46550 | $52969 | $407 | $— | $245454 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $303 | $— | $— | $— | $— | $— | $303 |
| **Commercial lessors of buildings:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $18913 | $18985 | $21806 | $20177 | $14480 | $14592 | $473 | $— | $109426 |
| &nbsp;&nbsp;Special Mention |  |  |  |  | 174 |  |  |  | 174 |
| &nbsp;&nbsp;Substandard |  |  |  |  |  | 968 | 37 |  | 1005 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $18913 | $18985 | $21806 | $20177 | $14654 | $15560 | $510 | $— | $110605 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Commercial Construction:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $8427 | $16362 | $2459 | $7698 | $701 | $1194 | $2076 | $— | $38917 |
| &nbsp;&nbsp;Special Mention |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Substandard |  |  |  |  |  | 70 |  |  | 70 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $8427 | $16362 | $2459 | $7698 | $701 | $1264 | $2076 | $— | $38987 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Total** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $71621 | $78228 | $72366 | $77475 | $62398 | $56072 | $55650 | $— | $473810 |
| &nbsp;&nbsp;Special Mention |  |  | 47 | 1205 | 2368 | 11201 | 512 |  | 15333 |
| &nbsp;&nbsp;Substandard | 130 | 383 | 30732<br> <sup>1, 2</sup> | 3861 | 2695 | 9504 | 9097 |  | 56402 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $71751 | $78611 | $103145 | $82541 | $67461 | $76777 | $65259 | $— | $545545 |
| &nbsp;&nbsp;&nbsp;&nbsp;YTD commercial gross charge-offs | $— | $— | $358 | $— | $— | $— | $27 | $— | $385 |

---

<sup>1</sup>Balances include $3.3 million USDA guarantee.

<sup>2</sup> Balances include $16.4 million USDA guarantee.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** |  |  |  |
|  | **2024** | **2023** | **2022** | **2021** | **2020** | **Prior** | **Revolving Loans Amortized Cost Basis** | **Revolving Loans Converted to Term** | **Total** |
| **December 31, 2024** |  |  |  |  |  |  |  |  |  |
| **Commercial and industrial:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $20361 | $20376 | $14446 | $7291 | $2920 | $6576 | $44566 | $— | $116536 |
| &nbsp;&nbsp;Special mention |  | 869 | 2227 | 812 | 161 |  | 1987 |  | 6056 |
| &nbsp;&nbsp;Substandard |  | 8479<br><sup>1</sup> | 4170 | 650 | 109 | 1107 | 7269 |  | 21784 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $20361 | $29724 | $20843 | $8753 | $3190 | $7683 | $53822 | $— | $144376 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $1393 | $— | $10 | $— | $— | $4268 | $— | $5671 |
| **Commercial real estate:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $15216 | $25238 | $39541 | $41742 | $13049 | $25258 | $154 | $— | $160198 |
| &nbsp;&nbsp;Special Mention |  |  | 1245 | 5216 | 2013 | 9701 |  |  | 18175 |
| &nbsp;&nbsp;Substandard | 345 | 1252 | 196 | 2211 | 6 | 8131 |  |  | 12141 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $15561 | $26490 | $40982 | $49169 | $15068 | $43090 | $154 | $— | $190514 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $598 | $— | $— | $— | $— | $— | $— | $598 |
| **Commercial lessors of buildings:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $22287 | $23003 | $21576 | $15206 | $3043 | $13792 | $384 | $— | $99291 |
| &nbsp;&nbsp;Special Mention |  |  |  | 180 |  |  |  |  | 180 |
| &nbsp;&nbsp;Substandard |  |  | 557 | 94 | 949 | 59 | 38 |  | 1697 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $22287 | $23003 | $22133 | $15480 | $3992 | $13851 | $422 | $— | $101168 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Commercial construction:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $12420 | $9588 | $8084 | $818 | $845 | $431 | $2239 | $— | $34425 |
| &nbsp;&nbsp;Special Mention |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Substandard |  | 20500<br><sup>2</sup> |  |  |  | 74 |  |  | 20574 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $12420 | $30088 | $8084 | $818 | $845 | $505 | $2239 | $— | $54999 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Total** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Pass | $70284 | $78205 | $83647 | $65057 | $19857 | $46057 | $47343 | $— | $410450 |
| &nbsp;&nbsp;Special Mention |  | 869 | 3472 | 6208 | 2174 | 9701 | 1987 |  | 24411 |
| &nbsp;&nbsp;Substandard | 345 | 30231<br> <sup>1, 2</sup> | 4923 | 2955 | 1064 | 9371 | 7307 |  | 56196 |
| &nbsp;&nbsp;Doubtful |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $70629 | $109305 | $92042 | $74220 | $23095 | $65129 | $56637 | $— | $491057 |
| &nbsp;&nbsp;&nbsp;&nbsp;YTD commercial gross charge-offs | $— | $1991 | $— | $10 | $— | $— | $4268 | $— | $6269 |

---

<sup>1</sup>Balances include $1.9 million USDA guarantee.

<sup>2</sup> Balances include $16.4 million USDA guarantee.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

The Company monitors the credit risk profile by payment activity for the loan classes listed below. Loans past due 90 days or more and loans on nonaccrual status are considered nonperforming. The following table presents the amortized cost in consumer loans based on payment activity as of September 30, 2025 and December 31, 2024:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** |  |  |  |
| *(Dollars in thousands)* | **2025** | **2024** | **2023** | **2022** | **2021** | **Prior** | **Revolving Loans Amortized Cost Basis** | **Revolving Loans Converted to Term** | **Total** |
| **September 30, 2025** |  |  |  |  |  |  |  |  |  |
| **Consumer mortgage:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $17671 | $29783 | $27094 | $30436 | $30124 | $56225 | $— | $— | $191333 |
| &nbsp;&nbsp;Nonperforming |  |  | 195 |  |  | 149 |  |  | 344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $17671 | $29783 | $27289 | $30436 | $30124 | $56374 | $— | $— | $191677 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Consumer Construction:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $5662 | $2232 | $166 | $550 | $116 | $54 | $— | $— | $8780 |
| &nbsp;&nbsp;Nonperforming |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $5662 | $2232 | $166 | $550 | $116 | $54 | $— | $— | $8780 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Home equity line of credit:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $— | $— | $— | $— | $— | $— | $49884 | $71 | $49955 |
| &nbsp;&nbsp;Nonperforming |  |  |  |  |  |  | 66 |  | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $— | $— | $— | $— | $— | $— | $49950 | $71 | $50021 |
| &nbsp;&nbsp;YTD gross charge-offs |  | $— | $— | $— | $— | $— | $— | $— | $— |
| **Consumer installment:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $3576 | $2440 | $2003 | $865 | $306 | $177 | $51 | $— | $9418 |
| &nbsp;&nbsp;Nonperforming |  |  | 3 | 2 | 1 | 29 |  |  | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $3576 | $2440 | $2006 | $867 | $307 | $206 | $51 | $— | $9453 |
| &nbsp;&nbsp;YTD gross charge-offs | $14 | $10 | $13 | $4 | $1 | $7 | $— | $— | $49 |
| **Consumer indirect:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $403 | $570 | $482 | $753 | $447 | $1936 | $— | $— | $4591 |
| &nbsp;&nbsp;Nonperforming |  |  | 14 |  |  | 62 |  |  | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $403 | $570 | $496 | $753 | $447 | $1998 | $— | $— | $4667 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $8 | $— | $— | $8 |
| **Total** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $27312 | $35025 | $29745 | $32604 | $30993 | $58392 | $49935 | $71 | $264077 |
| &nbsp;&nbsp;Nonperforming |  |  | 212 | 2 | 1 | 240 | 66 |  | 521 |
| **Total** | $27312 | $35025 | $29957 | $32606 | $30994 | $58632 | $50001 | $71 | $264598 |
| &nbsp;&nbsp;**YTD consumer gross charge-offs** | $14 | $10 | $13 | $4 | $1 | $15 | $— | $— | $57 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 3 – LOANS** (CONTINUED)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** | **Term Loans Amortized Cost Basis by Origination Year** |  |  |  |
|  | **2024** | **2023** | **2022** | **2021** | **2020** | **Prior** | **Revolving Loans Amortized Cost Basis** | **Revolving Loans Converted to Term** | **Total** |
| **December 31, 2024** |  |  |  |  |  |  |  |  |  |
| **Consumer mortgage:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $21807 | $28296 | $31939 | $32540 | $28571 | $33859 | $— | $— | $177012 |
| &nbsp;&nbsp;Nonperforming |  |  | 359 | 76 | 51 | 80 |  |  | 566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $21807 | $28296 | $32298 | $32616 | $28622 | $33939 | $— | $— | $177578 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Consumer construction:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $7511 | $657 | $810 | $159 | $86 | $40 | $— | $— | $9263 |
| &nbsp;&nbsp;Nonperforming |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $7511 | $657 | $810 | $159 | $86 | $40 | $— | $— | $9263 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Home equity line of credit:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $— | $— | $— | $— | $— | $— | $44865 | $35 | $44900 |
| &nbsp;&nbsp;Nonperforming |  |  |  |  |  |  | 71 |  | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $— | $— | $— | $— | $— | $— | $44936 | $35 | $44971 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| **Consumer installment:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $3660 | $3427 | $1630 | $443 | $209 | $165 | $63 | $— | $9597 |
| &nbsp;&nbsp;Nonperforming |  | 6 | 3 | 3 |  | 36 |  |  | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $3660 | $3433 | $1633 | $446 | $209 | $201 | $63 | $— | $9645 |
| &nbsp;&nbsp;YTD gross charge-offs | $3 | $23 | $20 | $5 | $4 | $10 | $— | $— | $65 |
| **Consumer indirect:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $766 | $611 | $923 | $499 | $484 | $1926 | $— | $— | $5209 |
| &nbsp;&nbsp;Nonperforming |  | 18 |  |  |  | 49 |  |  | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $766 | $629 | $923 | $499 | $484 | $1975 | $— | $— | $5276 |
| &nbsp;&nbsp;YTD gross charge-offs | $— | $— | $— | $— | $— | $60 | $— | $— | $60 |
| **Total** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Performing | $33744 | $32991 | $35302 | $33641 | $29350 | $35990 | $44928 | $35 | $245981 |
| &nbsp;&nbsp;Nonperforming |  | 24 | 362 | 79 | 51 | 165 | 71 |  | 752 |
| **Total** | $33744 | $33015 | $35664 | $33720 | $29401 | $36155 | $44999 | $35 | $246733 |
| &nbsp;&nbsp;**YTD consumer gross charge-offs** | $3 | $23 | $20 | $5 | $4 | $70 | $— | $— | $125 |

---

Consumer mortgages are substantially secured by one to four family owner occupied properties and consumer indirect loans are substantially secured by recreational vehicles. All nonperforming consumer loans are evaluated when placed on nonaccrual status and may be charged down based on the collateral fair value less cost to sell if that value is lower than the outstanding balance. As of September 30, 2025 there were no loans secured by consumer real estate in process of foreclosure.

**Modifications to Borrowers Experiencing Financial Difficulty**

Occasionally, the Bank modifies loans to borrowers in financial distress by providing – principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. In some cases, the Bank may provide multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted.

There were no modifications of loans to borrowers in financial distress completed during the three and nine months ended September 30, 2025 and 2024.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 4 – SHORT-TERM BORROWINGS**

The following table provides additional detail regarding repurchase agreements and the related collateral accounted for as secured borrowings.

---

| | | |
|:---|:---|:---|
|  | **Remaining Contractual Maturity<br>Overnight and Continuous** | **Remaining Contractual Maturity<br>Overnight and Continuous** |
|  | **September 30,** | **December 31,** |
| *(Dollars in thousands)* | **2025** | **2024** |
| Securities of U.S. Government Agencies and mortgage-backed securities of<br> government agencies pledged, fair value | $20354 | $25745 |
| Repurchase agreements | 20304 | 25683 |

---

**NOTE 5 – FAIR VALUE MEASUREMENTS**

The Company provides disclosures about assets and liabilities carried at fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and lowest priority to unobservable inputs. The three broad levels of the fair value hierarchy are described below:

---

| | |
|:---|:---|
| Level I: | Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. |
| Level II: | Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by corroborated or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability.  |
| Level III: | Inputs to the valuation methodology are unobservable and significant to the fair value measurement. |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 5 – FAIR VALUE MEASUREMENTS** (CONTINUED)

The following table presents the assets reported on the Consolidated Balance Sheets at their fair value on a recurring basis as of September 30, 2025 and December 31, 2024 by level within the fair value hierarchy. No liabilities are carried at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Equity securities with readily determinable values and U.S. Treasury Notes are valued at the closing price reported on the active market on which the individual securities or identical securities are traded. Obligations of U.S. government agencies, mortgage-backed securities, asset-backed securities, obligations of states and political subdivisions and corporate bonds are valued at observable market data for similar assets. Equity securities without readily determinable values are carried at amortized cost adjusted for impairment and observable price changes and are not included in the table below.

---

| | | | | |
|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Level I** | **Level II** | **Level III** | **Total** |
| **September 30, 2025** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Securities available-for-sale |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury securities | $— | $5020 | $— | $5020 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government agencies |  | 5882 |  | 5882 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities of government agencies |  | 70794 |  | 70794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities of government agencies |  | 359 |  | 359 |
| &nbsp;&nbsp;&nbsp;&nbsp;State and political subdivisions |  | 14085 |  | 14085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds |  | 19655 |  | 19655 |
| **Total available-for-sale securities** | $— | $115795 | $— | $115795 |
| **Equity securities** | $223 | $— | $— | $223 |
| **December 31, 2024** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Securities available-for-sale |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury securities | $— | $13414 | $— | $13414 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government agencies |  | 5698 |  | 5698 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities of government agencies |  | 62698 |  | 62698 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities of government agencies |  | 398 |  | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;State and political subdivisions |  | 14246 |  | 14246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds |  | 28980 |  | 28980 |
| **Total available-for-sale securities** | $— | $125434 | $— | $125434 |
| **Equity securities** | $221 | $— | $— | $221 |

---

The following methods and assumptions were used by the Company in determining the fair value of assets measured at fair value on a nonrecurring basis as described below:

**Individually evaluated collateral dependent loans:** Loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral securing these loans include: quoted market prices for identical assets classified as Level I inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included unobservable inputs and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 5 – FAIR VALUE MEASUREMENTS** (CONTINUED)

The following table presents the assets measured on a nonrecurring basis on the consolidated balance sheet at their fair value as of September 30, 2025 and December 31, 2024, by level within the fair value hierarchy.

---

| | | | | |
|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Level I** | **Level II** | **Level III** | **Total** |
| **September 30, 2025** |  |  |  |  |
| Individually evaluated collateral dependent loans recorded at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $— | $— | $47 | $47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate |  |  |  |  |
| **Total individually evaluated collateral dependent loans recorded at fair value:** | $— | $— | $47 | $47 |
| **December 31, 2024** |  |  |  |  |
| Individually evaluated collateral dependent loans recorded at fair value: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $— | $— | $413 | $413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate |  |  | 501 | 501 |
| **Total individually evaluated collateral dependent loans recorded at fair value:** | $— | $— | $914 | $914 |

---

**NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS**

The estimated fair values of recognized financial instruments carried at amortized cost as of September 30, 2025 and December 31, 2024 are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Carrying<br>Value** | **Level I** | **Level II** | **Level III** | **Fair Value** |
| **September 30, 2025** |  |  |  |  |  |
| **Financial assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities held-to-maturity | $190027 | $— | $166654 | $— | $166654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale | 384 | 391 |  |  | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans | 801328 |  |  | 768934 | 768934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage servicing rights | 621 |  |  | 621 | 621 |
| **Financial liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | $1096596 | $834336 | $— | $261886 | $1096222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 941 |  |  | 854 | 854 |
| **December 31, 2024** |  |  |  |  |  |
| **Financial assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities held-to-maturity | $204309 | $— | $172603 | $— | $172603 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale | 283 | 290 |  |  | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans | 730046 |  |  | 691816 | 691816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage servicing rights | 621 |  |  | 621 | 621 |
| **Financial liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | $1044887 | $801634 | $— | $242413 | $1044047 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 1266 |  |  | 1111 | 1111 |

---

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS** (CONTINUED)

Other financial instruments carried at amortized cost include cash and cash equivalents, restricted stock, bank-owned life insurance, accrued interest receivable, short-term borrowings, and accrued interest payable, all of which have a Level I fair value that approximates their carrying value. The Company also has unrecognized financial instruments on September 30, 2025 and December 31, 2024, related to commitments to extend credit and letters of credit. The aggregate contract amount of such financial instruments was approximately $290 million on September 30, 2025 and $289 million on December 31, 2024.

The fair value estimates of financial instruments are made at a specific point in time based on relevant market information. Since no ready market exists for a significant portion of the financial instruments, fair value estimates are largely based on judgments after considering such factors as future expected credit losses, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates.

------

CSB BANCORP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

**Note 7- ACCUMULATED OTHER COMPREHENSIVE LOSS**

The following table presents the changes in accumulated other comprehensive loss by component net of tax for the three and nine months ended September 30, 2025 and 2024:

---

| | | | |
|:---|:---|:---|:---|
| *(Dollars in thousands)* | **Pretax** | **Tax Effect** | **After-tax** |
| **Three Months Ended September 30, 2025** |  |  |  |
| **Balance, beginning of period** | $(8026) | $1686 | (6340) |
| Unrealized holding gain on available-for-sale securities arising during<br> the period | 876 | (184) | 692 |
| Amortization of held-to-maturity discount resulting from transfer | 44 | (10) | 34 |
| Total other comprehensive income | 920 | (194) | 726 |
| **Balance, end of period** | $(7106) | $1492 | $(5614) |
| **Nine Months Ended September 30, 2025** |  |  |  |
| **Balance, beginning of period** | $(10657) | $2237 | $(8420) |
| Unrealized holding gain on available-for-sale securities arising during<br> the period | 3426 | (719) | 2707 |
| Amortization of held-to-maturity discount resulting from transfer | 125 | (26) | 99 |
| Total other comprehensive income | 3551 | (745) | 2806 |
| **Balance, end of period** | $(7106) | $1492 | $(5614) |
| **Three Months Ended September 30, 2024** |  |  |  |
| **Balance, beginning of period** | $(12765) | $2680 | $(10085) |
| Unrealized holding gain on available-for-sale securities arising during<br> the period | 3409 | (716) | 2693 |
| Amortization of held-to-maturity discount resulting from transfer | 48 | (10) | 38 |
| Total other comprehensive income | 3457 | (726) | 2731 |
| **Balance, end of period** | $(9308) | $1954 | $(7354) |
| **Nine Months Ended September 30, 2024** |  |  |  |
| **Balance, beginning of period** | $(12999) | $2729 | $(10270) |
| Unrealized holding gain on available-for-sale securities arising during<br> the period | 3556 | (747) | 2809 |
| Amortization of held-to-maturity discount resulting from transfer | 135 | (28) | 107 |
| Total other comprehensive income | 3691 | (775) | 2916 |
| **Balance, end of period** | $(9308) | $1954 | $(7354) |

---

------

CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

**ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

The following management's discussion and analysis focuses on the consolidated financial condition of the Company on September 30, 2025 as compared to December 31, 2024, and the consolidated results of operations for the three and nine months ended September 30, 2025 compared to the same periods in 2024. The purpose of this discussion is to provide the reader with a more thorough understanding of the Consolidated Financial Statements. This discussion should be read in conjunction with the interim condensed Consolidated Financial Statements and related footnotes contained in Part I, Item 1 of this Quarterly Report.

**FORWARD-LOOKING STATEMENTS**

Certain statements contained in this Quarterly Report are not historical facts but rather are forward-looking statements that are subject to certain risks and uncertainties. When used herein, the terms "anticipates", "plans", "expects", "believes", and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company's actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions, interest rate environment, competitive conditions in the financial services industry, changes in law, governmental policies and regulations, and rapidly changing technology affecting financial services. Other factors not currently anticipated may also materially and adversely affect the Company's results of operations, cash flows, and financial position. There can be no assurance that future results will meet expectations. While the Company believes that the forward-looking statements in this report are reasonable, the reader should not place undue reliance on any forward-looking statement.

The Company does not undertake, and specifically disclaims any obligation, to publicly revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by applicable law.

**FINANCIAL CONDITION**

Total assets increased $57 million to $1.25 billion at September 30, 2025 compared to $1.19 billion at December 31, 2024. During the nine months ended September 30, 2025, securities decreased $24 million, net loans increased $71 million, and cash and cash equivalents increased $7 million. Deposits and short-term borrowings increased $46 million.

Net loans increased $71 million, or 10%, as commercial and commercial real estate loans increased $71 million, or 16%, compared to December 31, 2024 and residential real estate loans increased $19 million, or 9%, from December 31, 2024. Construction loans decreased $16 million, or 26%, from December 31, 2024. Consumer refinance activity remains slow on mortgage loans, while home construction activity rose as well as home equity line origination increases of $5 million. Residential mortgage loan originations, including home equity lines, for the nine months ended September 30, 2025 totaled $56 million, an increase from $46 million in mortgage originations during the nine months ended September 30, 2024. Mortgage loan originations sold into the secondary market decreased slightly to $6 million from $7 million, respectively during the nine months ended September 30, 2025 and September 30, 2024. The Bank originates and sells primarily fixed rate thirty-year mortgages into the secondary market.

The allowance for credit losses for loans increased $1.1 million from December 31, 2024 to $8.7 million. The increase in the allowance was primarily due to the volume increase in loans originated. Net charge-offs were $402 thousand, or an annualized 0.07% of average loans, in the current nine-month period compared to net charge-offs of $4.3 million, or 0.81% of average loans in the year-ago nine-month period. At September 30, 2025, the allowance for credit losses to total loans was 1.08%. We believe the allowance level is appropriate given the level of problem loans and composition of the overall loan portfolio in the current economic environment.

------

CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Nonperforming loans decreased $959 thousand to $746 thousand, or 0.09%, of total loans from $1.7 million, or 0.23% of total loans, on December 31, 2024. For the nine months ended September 30, 2025, $451 thousand in loans were placed on nonaccrual status, $529 thousand in paydowns were received, and $394 thousand in loans were charged-off due to non-payment.

---

| | | | |
|:---|:---|:---|:---|
|  | **September 30,** | **December 31,** | **September 30,** |
| *(Dollars in thousands)* | **2025** | **2024** | **2024** |
| Non-performing loans | $746 | $1705 | $3372 |
| Other real estate |  |  |  |
| Repossessed assets |  | 14 |  |
| Allowance for credit losses | 8720 | 7595 | 7224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans | 810048 | 737641 | 719602 |
| Allowance for credit losses as a percentage of total loans | 1.08% | 1.03% | 1.00% |
| Allowance for credit losses to total nonperforming loans | 1169% | 445% | 214% |

---

The ratio of gross loans to deposits was 74% and 71% at September 30, 2025 and December 31, 2024.

The Company has no exposure to government-sponsored enterprise preferred stocks, collateralized debt obligations, or trust preferred securities. Management has considered industry analyst reports, sector credit reports, and the volatility within the bond market in concluding that the gross unrealized losses of $30 million within the available-for-sale and held-to-maturity portfolios as of September 30, 2025, was primarily the result of current market yields compared to the yields at the time the investments were purchased by the Company and not due to credit quality. As a result, all embedded security losses on September 30, 2025, are considered temporary and no allowance for credit loss is necessary.

The weighted average life of total debt securities was 5.30 years at September 30, 2025 as compared to 5.14 years at December 31, 2024. If interest rates declined 100 basis points, the weighted average life was estimated to fall to 4.91 years at September 30, 2025. If interest rates rose 100 basis points the weighted average life would be expected to increase to 5.64 years at September 30, 2025.

Deposits increased $52 million, or 5%, from December 31, 2024 with noninterest-bearing deposits decreasing approximately $3 million, or 1%, and interest-bearing deposit accounts increasing approximately $55 million, or 7%. Total deposits as of September 30, 2025 are $1.1 billion, or 2%, above September 30, 2024 deposit balances. On a year over year comparison, increases were recognized in money market accounts of $7 million, savings accounts of $3 million, interest bearing demand accounts of $3 million, and time deposits of $22 million. Decreases were recognized in noninterest-bearing demand deposits of $7 million. Deposits have increased as customers move funds into interest bearing demand accounts and time certificates of deposit to take advantage of higher interest rates in those products. The estimated amount of uninsured deposits was $272 million, $244 million, and $275 million as of September 30, 2025, December 31, 2024, and September 30, 2024, respectively.

Short-term borrowings consisting of overnight repurchase agreements with retail customers decreased $5 million, or 21%, to $20 million at September 30, 2025 as compared to December 31, 2024 as customers moved money into higher interest rate money market and time deposit accounts. Other borrowings decreased $325 thousand as the Company repaid FHLB advances.

Total shareholders' equity amounted to $125 million, or 10%, of total assets at September 30, 2025, an increase of $10.4 million, or 9%, from $115 million at December 31, 2024. The increase in shareholders' equity during the nine months ended September 30, 2025 was due to net income of $11.5 million, other comprehensive income of $2.8 million, less cash dividends of $3.2 million, and treasury stock repurchases of $726 thousand. Total accumulated other comprehensive loss ("AOCL") decreased during the nine months ended September 30, 2025 due to decreases in interest rates and improvements in pricing in government agency and corporate bonds as AFS securities are marked to fair value. This remaining unrealized loss in securities is temporary and is adjusted monthly for additional interest rate fluctuations, principal paydowns, calls, and maturities. The Company and the Bank met all regulatory capital requirements at September 30, 2025 as shown in the Capital Resources section of this report.

------

CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

**RESULTS OF OPERATIONS**

**Three months ended September 30, 2025 and 2024**

For the quarters ended September 30, 2025 and 2024, the Company recorded net income of $4.2 million and $3.1 million and $1.57 and $1.18 per share, respectively. The $1 million increase in net income for the period was primarily the result of an increase of $1.7 million in net interest income, a reduced provision for credit losses and off-balance sheet commitments of $501 thousand compared to the provision for credit losses in the prior year period of $700 thousand. Additionally, a $57 thousand increase in noninterest income was offset by a $711 thousand increase in noninterest expenses. The federal income tax provision increased $263 thousand. Pre-provision net revenue ("PPNR"), (a non-GAAP measure), totaled $5.7 million for the quarter ended September 30, 2025, an increase of $1.1 million, or 23%, from the prior year's third quarter.

Return on average assets and return on average equity were 1.31% and 13.19%, respectively, for the three-month period of 2025, compared to 1.05% and 11.14%, respectively for the same quarter in 2024.

**Average Balance Sheets and Net Interest Margin Analysis**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended September 30,** | **For the Three Months Ended September 30,** | **For the Three Months Ended September 30,** | **For the Three Months Ended September 30,** | **For the Three Months Ended September 30,** | **For the Three Months Ended September 30,** |
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| *(Dollars in thousands)* | **Average<br>balance**<sup>1</sup> | **Interest** | **Average<br>rate**<sup>2</sup> | **Average<br>balance**<sup>1</sup> | **Interest** | **Average<br>rate**<sup>2</sup> |
| **ASSETS** |  |  |  |  |  |  |
| Federal Funds Sold | $395 | $4 | 4.02% | $446 | $6 | 5.35% |
| Interest-earning deposits in other banks | 73841 | 825 | 4.43 | 57543 | 783 | 5.41 |
| Taxable securities | 290465 | 1695 | 2.32 | 327234 | 1782 | 2.17 |
| Tax-exempt securities <sup>4</sup> | 16518 | 93 | 2.23 | 19053 | 111 | 2.32 |
| Loans <sup>3,4</sup> | 802858 | 12127 | 5.99 | 723129 | 10542 | 5.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 1184077 | 14744 | 4.94% | 1127405 | 13224 | 4.67% |
| Noninterest-earning assets | 69185 |  |  | 63632 |  |  |
| **TOTAL ASSETS** | $1253262 |  |  | $1191037 |  |  |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |
| Interest-bearing demand deposits | $244188 | $488 | 0.79% | $226551 | $527 | 0.93% |
| Savings deposits | 317443 | 780 | 0.97 | 310596 | 933 | 1.20 |
| Time deposits | 259817 | 2447 | 3.74 | 231530 | 2438 | 4.19 |
| Borrowed funds | 23102 | 61 | 1.05 | 25732 | 78 | 1.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 844550 | 3776 | 1.77% | 794409 | 3976 | 1.99% |
| Noninterest-bearing demand deposits | 278835 |  |  | 279537 |  |  |
| Other liabilities | 5059 |  |  | 4739 |  |  |
| Shareholders' Equity | 124818 |  |  | 112352 |  |  |
| **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | $1253262 |  |  | $1191037 |  |  |
| Taxable equivalent net interest<br> income, (Non-GAAP) |  | $10968 |  |  | $9248 |  |
| Tax equivalent adjustment <sup>4</sup> |  | (30) |  |  | (34) |  |
| Net interest income, (GAAP) |  | $10938 |  |  | $9214 |  |
| Net interest margin, (GAAP) |  |  | 3.66% |  |  | 3.25% |
| Tax equivalent adjustment <sup>4</sup> |  |  | 0.01 |  |  | 0.01 |
| Net interest margin-taxable equivalent, (Non-GAAP) |  |  | 3.67% |  |  | 3.26% |
| Taxable equivalent net interest spread |  |  | 3.17% |  |  | 2.68% |

---

<sup>1</sup> Average balances have been computed on an average daily basis.

<sup>2</sup> Average rates have been computed based on the amortized cost of the corresponding asset or liability.

<sup>3</sup> Average loan balances include nonaccrual loans.

<sup>4</sup> Taxable equivalent adjustments have been computed assuming a 21% tax rate in 2025 and 2024 (non-GAAP).

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CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Interest income for the quarter ended September 30, 2025, was $14.7 million representing a $1.5 million, or 12% increase, compared to the same period in 2024. This increase was primarily due to higher average balances of loans and interest-earning deposits in other banks. These increases were partially offset by the volume decreases in taxable securities over the comparable period. Rates on average interest-earning deposits in other banks decreased 98 basis points, while loan rates rose 19 basis points, and taxable securities' interest rates increased 15 basis points for the quarter ended September 30, 2025 as compared to the same period in 2024. Interest expense for the quarter ended September 30, 2025 was $3.8 million, a decrease of $200 thousand, or 5%, from the same quarter in 2024. The decrease in interest expense occurred primarily due to rate decreases in time deposit accounts during the quarter ended September 30, 2025.

For the quarter ended September 30, 2025, the bank recognized net charge-offs of $11 thousand, compared to $4 million net charge-offs for the same quarter in 2024. The provision for credit losses on loans in the current quarter of $480 thousand, compared to a provision of $645 thousand in the same quarter ended 2024. The company recorded a $21 thousand provision for credit loss expense on off-balance commitments in the third quarter 2025 compared to a $55 thousand provision in the same quarter of 2024. The quarter decrease results primarily from a decrease in construction loan commitments during third quarter 2025.

Economic indicators reflect somewhat flat business activity with uncertainty related to trade policies and rising Ohio unemployment rates. The provision for credit losses is determined based on management's calculation of the adequacy of the allowance for credit losses, which includes provisions for classified loans as well as for the remainder of the portfolio based on historical data, including past charge-offs and current economic trends.

Noninterest income increased $57 thousand, or 3%, compared to the third quarter of 2024. The increase was primarily the result of a $28 thousand increase in debit card interchange fees, $26 thousand increase in earnings on bank owned life insurance, $20 thousand increase in credit card fees, and a $20 thousand increase in trust services. These increases were partially offset by a decrease of $41 thousand in gain on sale of loans and a $21 thousand increase in unrealized losses on equity securities.

Noninterest expense increased $711 thousand, or 11%, from the third quarter 2024. Salary and employee benefit costs increased $453 thousand, or 12%, compared to the prior year quarter with increases in base salary, retirement, and incentive compensation. Professional and director fees increased $111 thousand, or 28%, software expense increased $77 thousand, or 18%, state financial institutions tax increased $10 thousand, or 5%, due to the increase in capital. Equipment expense decreased $24 thousand, or 11%. The Company's third quarter efficiency ratio decreased to 55.6% compared to 58.2% in the prior year.

Federal income tax expense increased $263 thousand, or 32%, for the quarter ended September 30, 2025 as compared to the third quarter 2024. The provision for income taxes was $1 million (effective rate of 19.7%) for the quarter ended September 30, 2025, compared to $756 thousand (effective rate of 19.4%) for the same quarter ended 2024.

**RESULTS OF OPERATIONS**

**Nine months ended September 30, 2025, and 2024**

For the nine months ended September 30, 2025, and 2024, the Company recorded net income of $11.5 million and $7.7 million and $4.35 and $2.89 per share, respectively. The $4 million increase in net income for the nine-month period was primarily the result of a $3.7 million increase to net interest income and the provision for credit losses and off-balance sheet commitments decreasing to $1.5 million compared to the provision for credit losses in the prior year period of $4.7 million. The increase to net income was partially offset by an increase in noninterest expense of $2 million.

The federal income tax provision was $1 million higher during the nine-month period in 2025 than in 2024 due to increased taxable income. Return on average assets and return on average equity were 1.26% and 12.76%, respectively, for the nine months ended September 30, 2025, compared to 0.88% and 9.30%, respectively for the same period in 2024.

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CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Nine Months Ended September 30,** | **For the Nine Months Ended September 30,** | **For the Nine Months Ended September 30,** | **For the Nine Months Ended September 30,** | **For the Nine Months Ended September 30,** | **For the Nine Months Ended September 30,** |
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| *(Dollars in thousands)* | **Average<br>balance**<sup>1</sup> | **Interest** | **Average<br>rate**<sup>2</sup> | **Average<br>balance**<sup>1</sup> | **Interest** | **Average<br>rate**<sup>2</sup> |
| **ASSETS** |  |  |  |  |  |  |
| Federal Funds Sold | $392 | $13 | 4.43% | $405 | $16 | 5.28% |
| Interest-earning deposits in other banks | 60963 | 2030 | 4.45 | 37354 | 1521 | 5.44 |
| Taxable securities | 298921 | 5168 | 2.31 | 335669 | 5489 | 2.18 |
| Tax-exempt securities <sup>4</sup> | 16696 | 283 | 2.27 | 19045 | 335 | 2.35 |
| Loans <sup>3,4</sup> | 779634 | 34521 | 5.92 | 715205 | 30998 | 5.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 1156606 | 42015 | 4.86% | 1107678 | 38359 | 4.63% |
| Noninterest-earning assets | 67240 |  |  | 63478 |  |  |
| **TOTAL ASSETS** | $1223846 |  |  | $1171156 |  |  |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |
| Interest-bearing demand deposits | $228528 | $1274 | 0.75% | $226334 | $1583 | 0.93% |
| Savings deposits | 312729 | 2204 | 0.94 | 303117 | 2541 | 1.12 |
| Time deposits | 255345 | 7279 | 3.81 | 217131 | 6563 | 4.04 |
| Borrowed funds | 25361 | 202 | 1.06 | 29957 | 275 | 1.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 821963 | 10959 | 1.78% | 776539 | 10962 | 1.89% |
| Noninterest-bearing demand deposits | 276573 |  |  | 278678 |  |  |
| Other liabilities | 4896 |  |  | 5463 |  |  |
| Shareholders' Equity | 120414 |  |  | 110476 |  |  |
| **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | $1223846 |  |  | $1171156 |  |  |
| Taxable equivalent net interest<br> income, (Non-GAAP) |  | $31056 |  |  | $27397 |  |
| Tax equivalent adjustment <sup>4</sup> |  | (92) |  |  | (110) |  |
| Net interest income, (GAAP) |  | $30964 |  |  | $27287 |  |
| Net interest margin, (GAAP) |  |  | 3.58% |  |  | 3.29% |
| Tax equivalent adjustment <sup>4</sup> |  |  | 0.01 |  |  | 0.01 |
| Net interest margin-taxable equivalent, (Non-GAAP) |  |  | 3.59% |  |  | 3.30% |
| Taxable equivalent net interest spread |  |  | 3.08% |  |  | 2.74% |

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CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Interest income for the nine months ended September 30, 2025, was $42 million representing a $4 million increase, or 10%, compared to the same period in 2024. This increase was primarily due to volume and yield increases on loans for the period ended September 30, 2025, as compared to the same period in 2024. Interest expense for the nine months ended September 30, 2025, was $11 million, a decrease of $3 thousand, or less than 1%, from the same period in 2024.

For the nine months ended September 30, 2025, the provision for credit losses and off-balance sheet commitments was $1.5 million, compared to $4.7 million for the same period in 2024. For more discussion see Results of Operations, three months. The provision for credit losses is determined based on management's calculation of the adequacy of the allowance for credit losses, which includes provisions for classified loans as well as for the remainder of the portfolio based on historical data, including past charge-offs and current economic trends.

Noninterest income for the nine months ended September 30, 2025, was $5.3 million, an increase of $17 thousand, or less than 1%, compared to the same period in 2024. Earnings on bank owned life insurance policies increased $89 thousand for the period. Debit card interchange income increased $58 thousand, or 4%. Service charges on deposit accounts increased $30 thousand, or 3%, compared to the same period in 2024 primarily from increases in monthly service fees. Fees from trust and brokerage services decreased $111 thousand for the period due to a one time fee collected in the first quarter of 2024. The gain on the sale of mortgage loans to the secondary market decreased $20 thousand to $195 thousand for the nine months ended September 30, 2025. Other income decreased $42 thousand, or 6%.

Noninterest expenses for the nine months ended September 30, 2025, increased $2.1 million, or 12%, compared to the same period in 2024. Salaries and employee benefits increased $1.5 million, or 15%, a result of increased incentive accruals and filled open positions. Occupancy expenses increased $159 thousand over the same period in 2024 with an increase in maintenance and snow removal expense. Professional and director fees increased $147 thousand for the nine months ended September 30, 2025, as compared to the same period in 2024. Software expense increased $79 thousand, or 6%. Debit card expense increased $49 thousand, or 9%, primarily due to processing increases. Financial institutions tax increased $41 thousand, or 6%, based on increased capital. FDIC assessment increased $24 thousand, or 6%.

Federal income tax expense increased $1 million, or 56%, for the nine months ended September 30, 2025, as compared to the same period in 2024. The provision for income taxes was $3 million (effective rate of 19.6%) for the nine months ended September 30, 2025, compared to $2 million (effective rate of 18.9%) for the same period ended 2024.

**CAPITAL RESOURCES**

The Company maintained a strong capital position with tangible common equity to tangible assets of 9.7% at September 30, 2025 compared with 9.3% at December 31, 2024.

Consistent with the Board of Director's commitment to public confidence and safe and sound banking operations, capital targets and minimum risk-based capital ratios for CSB were established to maintain excess capital to well-capitalized standards. To be considered well-capitalized, an institution must have a total risk-based capital ratio of at least 10%, a tier 1 capital ratio of at least 8%, a leverage capital ratio of at least 5%, a common equity tier 1 ("CET1") ratio of at least 6.5% and must not be subject to any order or directive requiring the institution to improve its capital level. An adequately capitalized institution has a total risk-based capital ratio of at least 8%, a tier 1 capital ratio of at least 6%, a CET1 ratio of at least 4.5%, and a leverage ratio of at least 4%.

------

CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Failure to meet specified minimum capital requirements could result in regulatory actions by the Federal Reserve or Ohio Division of Financial Institutions that could have a material effect on the Company's financial condition or results of operations. Management believes there were no material changes to capital resources as presented in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. As of September 30, 2025, the Company and the Bank met all capital adequacy requirements to which they were subject.

---

| | | |
|:---|:---|:---|
|  | **Capital Ratios** | **Capital Ratios** |
|  | **September 30,<br>2025** | **December 31,<br>2024** |
| Total Capital To Risk Weighted Assets Ratio |  |  |
| Consolidated | 16.7% | 16.4% |
| Bank | 16.5 | 16.3 |
| Tier 1 Capital To Risk Weighted Assets Ratio |  |  |
| Consolidated | 15.5 | 15.3 |
| Bank | 15.4 | 15.2 |
| Common Equity Tier 1 Capital To Risk Weighted Assets |  |  |
| Consolidated | 15.5 | 15.3 |
| Bank | 15.4 | 15.2 |
| Tier 1 Leverage Ratio |  |  |
| Consolidated | 10.1 | 9.7 |
| Bank | 10.0 | 9.7 |

---

**LIQUIDITY**

---

| | | | |
|:---|:---|:---|:---|
| *(Dollars in thousands)* | **September 30,<br>2025** | **December 31,<br>2024** | **Change** |
| Cash and cash equivalents | $80807 | $73509 | $7298 |
| Available from FHLB | 138924 | 126334 | 12590 |
| Unpledged AFS securities at fair market value | 113625 | 123155 | (9530) |
|  | $333356 | $322998 | $10358 |
| Net deposits and short-term liabilities | $1114828 | $1068413 | $46415 |
| Liquidity ratio | 29.9% | 30.2% | (0.3)% |
| Minimum board approved liquidity ratio | 20.0% | 20.0% |  |

---

Liquidity refers to the Company's ability to generate sufficient cash to fund current loan demand, meet deposit withdrawals, pay operating expenses, and meet other obligations. Liquidity is monitored by the Company's Asset Liability Committee. Other sources of liquidity include, but are not limited to, purchases of federal funds, advances from the FHLB, adjustments of interest rates to attract deposits, brokered deposits, and borrowing at the Federal Reserve discount window. Additionally, the Company could sell all of its AFS securities and the loss would not cause a change in the capital adequacy classification. Management believes its sources of liquidity are adequate to meet cash flow obligations for the foreseeable future.

------

CSB BANCORP, INC.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

**Off-Balance Sheet Arrangements**

The Company does not have any off-balance sheet arrangements (as such term is defined in applicable Securities and Exchange Commission (the "Commission") rules) that are reasonably likely to have a current or future material effect on our financial condition, results of operations, liquidity, capital expenditures, or capital resources.

**PER SHARE DATA**

Earnings per share is computed based on the weighted average number of shares of common stock outstanding during each year. The company currently maintains a simple capital structure, thus, there are no dilutive effects on earnings per share.

The weighted average number of common shares outstanding for earnings per share computations was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
| *(Dollars in thousands, except per share data)* | **2025** | **2024** | **2025** | **2024** |
| Net income | $4151 | $3145 | $11494 | $7693 |
| Weighted average common shares outstanding | 2636028 | 2661474 | 2639907 | 2663737 |
| **Earnings per share, basic and diluted** | $1.57 | $1.18 | $4.35 | $2.89 |

---

------

CSB BANCORP, INC.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

**ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

Ohio's unemployment rate continues to rise slightly to 5.0% in August 2025 which was up from 4.4% in December 2024. Holmes County, where the bank is headquartered, is reporting an unemployment rate of 3.5% in August 2025. Of the counties within the bank's footprint, Stark County reported the highest unemployment rate at 5.1%, while Tuscarawas, Wayne, and Medina Counties posted unemployment rates of 4.6%, 4.4% and 3.2% respectively in August 2025. The rate of inflation, as measured by the Consumer Price Index was 2.9% on a year over year basis in August 2025, following average inflation rates of 2.9% in 2024, 4.1% in 2023 and 8.0% in 2022. The rate continues to be above the Federal Reserve target rate of 2%. The Federal Reserve reduced the federal funds target rate in 2024 by 1.00% and through October 2025 there have been two rate reductions totaling 0.50%, bringing the federal funds target rate to a range of 3.75% to 4.00%.

Management performs a quarterly analysis of the Company's interest rate risk over a twenty-four-month horizon. The analysis includes two balance sheet models, one based on a static balance sheet and one on a dynamic balance sheet with projected growth in assets and liabilities. All balance sheet positions, and interest rate projections are currently within the Company's board-approved policy for both the twelve- month and twenty-four-month periods.

The following table presents an analysis of the estimated sensitivity of the Company's annual net interest income to sudden and sustained -400 through +400 basis point changes, in 100 basis point increments, in market interest rates at September 30, 2025 and December 31, 2024. The net interest income reflected is for the first twelve-month period of the modeled twenty-four-month horizon. The underlying balance sheet for illustrative purposes is dynamic with projected growth in assets and liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| *(Dollars in thousands)* | *(Dollars in thousands)* | *(Dollars in thousands)* | *(Dollars in thousands)* | *(Dollars in thousands)* |
| **Change in<br>Interest Rates<br>(basis points)** | **Net Interest <br>Income** | **Dollar<br>Change** | **Percentage<br>Change** | **Board Policy<br>Limits** |
| + 400 | $46875 | $665 | 1.4% | ± 25% |
| + 300 | 46713 | 503 | 1.1 | ± 15 |
| + 200 | 46549 | 339 | 0.7 | ± 10 |
| + 100 | 46377 | 167 | 0.4 | ± 5 |
| 0 | 46210 |  |  |  |
| – 100 | 45998 | (212) | (0.5) | ± 5 |
| – 200 | 45580 | (630) | (1.4) | ± 10 |
| – 300 | 44999 | (1211) | (2.6) | ± 15 |
| – 400 | 44437 | (1773) | (3.8) | ± 25 |
| **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| + 400 | $42231 | $1333 | 3.3% | ± 25% |
| + 300 | 41902 | 1004 | 2.5 | ± 15 |
| + 200 | 41571 | 673 | 1.7 | ± 10 |
| + 100 | 41237 | 339 | 0.9 | ± 5 |
| 0 | 40898 |  |  |  |
| – 100 | 40432 | (466) | (1.1) | ± 5 |
| – 200 | 40089 | (809) | (2.0) | ± 10 |
| – 300 | 39553 | (1345) | (3.3) | ± 15 |
| – 400 | 38988 | (1910) | (4.7) | ± 25 |

---

------

CSB BANCORP, INC.

CONTROLS AND PROCEDURES

**ITEM 4 - CONTROLS AND PROCEDURES**

With the participation of the Company's management, including its Chief Executive Officer and Chief Financial Officer, the Company has evaluated the effectiveness of its disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") as of the end of the period covered by this Quarterly Report on Form 10-Q. Based upon that evaluation, the Company's Chief Executive Officer and Chief Financial Officer have concluded that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)information required to be disclosed by the Company in this Quarterly Report on Form 10-Q would be accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)information required to be disclosed by the Company in this Quarterly Report on Form 10-Q would be recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Company's disclosure controls and procedures are effective as of the end of the period covered by this Quarterly Report on Form 10-Q to ensure that material information relating to the Company and its consolidated subsidiary is made known to them, particularly during the period for which the Company's periodic reports, including this Quarterly Report on Form 10-Q, are being prepared.

**CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING**

There were no changes during the period covered by this Quarterly Report on Form 10-Q in the Company's internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

------

CSB BANCORP, INC.

FORM 10-Q

QUARTER ENDED SEPTEMBER 30, 2025

PART II – OTHER INFORMATION

**ITEM 1 - LEGA** **L PROCEEDINGS.**

In the opinion of management there are no outstanding legal proceedings that are reasonably likely to have a material adverse effect on the company's financial condition or results of operations.

**ITEM 1A - RISK FACTORS.**

Not required for Smaller Reporting Companies.

**ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.**

(a)Not applicable

(b)Not applicable

(c)The following table provides information about repurchases of common stock by the Company during the quarter ended September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Period** | **Total Number of Common Shares Purchased** | **Average Price Paid per Common Share** | **Total Number of Shares Purchased as Part of Publicly Announced Authorization** | **Maximum Number of Remaining Shares that May be Purchased as Part of Publicly Announced Authorization** |
| July 1, 2025 - July 31, 2025 | 1155 | 44.09 | 1155 | 32534 |
| August 1, 2025 - August 31, 2025 | 2747 | 45.08 | 2747 | 29787 |
| September 1, 2025 - September 30, 2025 | 2521 | 45.58 | 2521 | 27266 |
| Total for quarter | 6423 |  | 6423 | 27266 |

---

On March 2, 2021, CSB Bancorp, Inc. filed Form 8-K with the Commission announcing that its Board of Directors approved a Stock Repurchase Program authorizing the repurchase of up to 5% of the Company's common shares, or 137,117 of the Company's outstanding shares. Repurchases may be made from time to time as market and business conditions warrant, in the open market, through block purchases, and in negotiated private transactions.

**ITEM 3 - DEFAULTS UPON SENIOR SECURITIES.**

Not applicable.

**ITEM 4 - MINE SAFETY DISCLOSURES.**

Not applicable.

**ITEM 5 - OTHER INFORMATION.**

Not applicable.

------

CSB BANCORP, INC.

FORM 10-Q

QUARTER ENDED SEPTEMBER 30, 2025

PART II – OTHER INFORMATION

**ITEM 6 - Exhibits.**

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description of Document** |
| 3.1 | [<u>Amended Articles of Incorporation of CSB Bancorp, Inc. (incorporated by reference to the Registrant's Quarterly Report on Form 10-Q filed August 6, 2004, Exhibit 3.1, film number 04958544).</u>](https://www.sec.gov/Archives/edgar/data/0000880417/000095015204005989/l08987aexv3w1.txt)<br>|
| 3.1.1 | [<u>Amended form of Article Fourth of Amended Articles of Incorporation, as effective April 9, 1998 (incorporated by reference to registrant's Annual Report on Form 10-K filed on March 30, 1999, Exhibit 3.1.1, film number 99579179)</u>](https://www.sec.gov/Archives/edgar/data/880417/0000906318-99-000031.txt). |
| 3.2 | [<u>Code of Regulations of CSB Bancorp, Inc. (incorporated by reference to the Registrant's Form 10-SB).</u>](https://www.sec.gov/Archives/edgar/data/880417/000095015204005989/l08987aexv3w2.txt) |
| 3.2.1 | [<u>Amended Article VIII of the Code of Regulations of CSB Bancorp, Inc. (incorporated by reference to Registrant's Form DEF 14a filed on March 25, 2009, Appendix A, film number 09703970).</u>](https://www.sec.gov/Archives/edgar/data/0000880417/000095015209003078/l35781bdef14a.htm)<br>|
| 3.2.2 | [<u>Amended Article II of the Code of Regulations of CSB Bancorp, Inc. (incorporated by reference to Registrant's Form DEF 14a file on March 16, 2021, Appendix A, film number 21747059)</u>](https://www.sec.gov/Archives/edgar/data/880417/000156459021013639/csbb-def14a_20210428.htm).<br>|
| 3.2.3 | [<u>Amended Article III of the Code of Regulations of CSB Bancorp, Inc. (incorporated by reference to Registrant's Form DEF 14a file on March 16, 2023, Appendix A, film number 23738842).</u>](https://www.sec.gov/Archives/edgar/data/880417/000095017023008451/csbb_def14a_2023_final.htm) |
| 4.0 | [<u>Description of Capital Stock (incorporated by reference to registrants Annual Report on Form 10-K filed on March 16, 2020, Exhibit 4.0, film number 20717009).</u>](https://www.sec.gov/Archives/edgar/data/0000880417/000156459020011140/csbb-ex4_505.htm) |
| 31.1 | [<u>Rule 13a-14(a)/15d-14(a) Chief Executive Officer's Certification.</u>](csbb-ex31_1.htm) |
| 31.2 | [<u>Rule 13a-14(a)/15d-14(a) Chief Financial Officer's Certification.</u>](csbb-ex31_2.htm) |
| 32.1 | [<u>Section 1350 Chief Executive Officer's Certification.</u>](csbb-ex32_1.htm) |
| 32.2 | [<u>Section 1350 Chief Financial Officer's Certification.</u>](csbb-ex32_2.htm) |
| 101 | The following financial statements from the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, formatted in Inline XBRL: (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income and Comprehensive Income, (iii) Consolidated Statements of Changes in Shareholders' Equity, (iv) Condensed Consolidated Statements of Cash Flows, and (v) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |

---

------

CSB BANCORP, INC.

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, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | CSB BANCORP, INC. |
|  |  | (Registrant) |
| Date: | November 12, 2025 | /s/ Eddie L. Steiner |
|  |  | Eddie L. Steiner |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President |
|  |  | Chief Executive Officer |
| Date: | November 12, 2025 | /s/ Paula J. Meiler |
|  |  | Paula J. Meiler |
|  |  | Senior Vice President |
|  |  | Chief Financial Officer |

---

------

## Exhibit 31.1

CSB BANCORP, INC.

EXHIBIT 31.1

Rule 13a-14(a)/15d-14(a) Certification

President and Chief Executive Officer

I, Eddie L. Steiner, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this quarterly report on Form 10-Q of CSB Bancorp, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 12, 2025

---

| |
|:---|
| /s/ Eddie L. Steiner |
| Eddie L. Steiner |
| President and |
| Chief Executive Officer |

---

------

## Exhibit 31.2

CSB BANCORP, INC.

EXHIBIT 31.2

Rule 13a-14(a)/15d-14(a) Certification

Senior Vice President and Chief Financial Officer

I, Paula J. Meiler, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this quarterly report on Form 10-Q of CSB Bancorp, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial data; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 12, 2025

---

| |
|:---|
| /s/ Paula J. Meiler |
| Paula J. Meiler |
| Senior Vice President and |
| Chief Financial Officer |

---

------

## Exhibit 32.1

CSB BANCORP, INC.

EXHIBIT 32.1

SECTION 1350 CERTIFICATION

In connection with the quarterly report of CSB Bancorp, Inc. (the "Company") on Form 10-Q for the period ended September 30, 2025 as filed with the Securities and Exchange Commission on the date hereof, (the "Report"), I, Eddie L. Steiner, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: November 12, 2025

---

| |
|:---|
| /s/ Eddie L. Steiner |
| Eddie L. Steiner |
| President and<br>Chief Executive Officer |

---

\* This certification is being furnished as required by Rule 13a-14(b) under the Securities Exchange Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of the United States Code and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section. This certification shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as otherwise stated in such filing.

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## Exhibit 32.2

CSB BANCORP, INC.

EXHIBIT 32.2

SECTION 1350 CERTIFICATION

In connection with the quarterly report of CSB Bancorp, Inc. (the "Company") on Form 10-Q for the period ended September 30, 2025 as filed with the Securities and Exchange Commission on the date hereof, (the "Report"), I, Paula J. Meiler, Senior Vice President and Chief Financial Officer, of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: November 12, 2025

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| |
|:---|
| /s/ Paula J. Meiler |
| Paula J. Meiler<br>Senior Vice President and<br>Chief Financial Officer |

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\* This certification is being furnished as required by Rule 13a-14(b) under the Securities Exchange Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of the United States Code and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section. This certification shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as otherwise stated in such filing.

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