CSB Bancorp (OTC: CSBB) is a community banking company that operates through its subsidiary bank to provide commercial and consumer lending, deposit, and trust services. It earns money primarily on net interest income, the spread between interest earned on loans and securities and interest paid on deposits and borrowings. As of FY2025 (fiscal year ended 2025), total assets were $1.29 billion, net loans were $817.3 million, and deposits were $1.13 billion. Total interest income reached $57.0 million in FY2025, up from $51.6 million in FY2024, with net interest income of $42.4 million in FY2025. Noninterest income, including service charges, trust services, debit card interchange fees, and gain on sale of loans, added $7.3 million in FY2025. The loan portfolio of $829.9 million (gross, FY2025) spans commercial and industrial ($152.7 million), commercial real estate ($255.9 million), commercial lessors of buildings ($114.0 million), consumer mortgage ($193.3 million), construction ($48.0 million), and home equity lines of credit ($52.6 million).

Revenue model

Net interest income is the primary revenue driver, totaling $42.4 million in FY2025 versus $36.9 million in FY2024. Noninterest income of $7.3 million in FY2025 includes service charges on deposit accounts, trust services fees, debit card interchange fees, credit card fees, gain on sale of loans, and earnings on bank-owned life insurance. The bank funds lending with customer deposits ($1.13 billion as of FY2025) and Federal Home Loan Bank borrowings ($32.4 million as of FY2025).

Products and services

Commercial and industrial loans ($152.7 million gross, FY2025), commercial real estate loans ($255.9 million), commercial lessors of buildings loans ($114.0 million), construction loans ($48.0 million), consumer mortgage loans ($193.3 million), home equity lines of credit ($52.6 million), consumer installment loans ($9.0 million), consumer indirect loans ($4.4 million). Investment securities portfolio of $317.3 million (FY2025) includes mortgage-backed securities of government agencies ($103.2 million), state and political subdivision bonds, corporate bonds, U.S. Treasuries, and U.S. government agency securities. Deposit products, trust services, debit and credit card services, commercial lines of credit ($130.3 million committed), and letters of credit ($2.3 million committed).

Customers and end markets

Commercial borrowers including owner-occupied business real estate operators, construction developers, and commercial and industrial businesses. Retail customers for consumer mortgages, home equity lines, and installment loans. Trust services clients. Total loan commitments of $293.6 million as of FY2025 span commercial lines, real estate, home equity, construction, and credit cards.

Value-chain role

Community bank acting as direct lender and deposit-taker. Originates and holds loans on balance sheet, funded primarily by local customer deposits. Borrows from the FHLB for additional liquidity. Sells some loans (gain on sale of loans recorded as noninterest income). Provides trust and fiduciary services directly to clients.

Geographic exposure

The filing does not specify state or regional geography explicitly, but the bank's community banking model and deposit base indicate locally concentrated operations. No international exposure is indicated in the filing excerpts.

Source: SEC 10-K, filed 2026-03-16

Industry: State Commercial Banks Peers: EMCLAIRE FINANCIAL CORP PNC Financial Services Group Inc