CSB Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
April 25, 2018 at 08:45 am EDT
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CSB Bancorp, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced total interest and dividend income of $6,949,000 compared to $6,246,000 for the same period a year ago. Net interest income was $6,389,000 compared to $5,862,000 for the same period a year ago. Income before income tax was $2,673,000 compared to $2,482,000 for the same period a year ago. Net income was $2,164,000 compared to $1,730,000 for the same period a year ago. Net income per share, basic and diluted was $0.79 compared to $0.63 for the same period a year ago. Return on average assets (ROA) was 1.25% compared to 1.05% for the same period a year ago. Return on average common equity (ROE) was 12.33% compared to 10.54% for the same period a year ago. Book value per common share was $25.90 compared to $24.41 for the same period a year ago.
CSB Bancorp, Inc. is a financial holding company. The Company operates through its wholly owned subsidiary, Commercial and Savings Bank of Millersburg, Ohio (the Bank). The Company operates primarily through the Bank and CSB Investment Services, LLC, providing a wide range of banking, trust, financial, and brokerage services to corporate, institutional, and individual customers throughout northeast Ohio. The Bank provides retail and commercial banking services to its customers, including checking and savings accounts, time deposits, individual retirement accounts (IRAs), safe deposit facilities, personal loans, commercial loans, real estate mortgage loans, installment loans, night depository facilities, brokerage, and trust services. The Bank provides residential real estate, commercial real estate, commercial, and consumer loans to customers located primarily in Holmes, Stark, Tuscarawas, Wayne, and portions of surrounding counties in Ohio.