Certain statements contained in Management's Discussion and Analysis of Financial Condition and Results of Operations are not related to historical results but are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements involve a number of risks and uncertainties. Any forward-looking statements made by the Company herein and in future reports and statements are not guarantees of future performance, and actual results may differ materially from those in forward-looking statements because of various risk factors as discussed in this annual report and the Company's Annual Report on Form 10-K.
The Company does not undertake, and specifically disclaims, any obligation to publicly release the result of any revisions to any forward-looking statements to reflect the occurrence of unanticipated events or circumstances after the date of such statements.
Our Mission
as an independent community bank is to provide high quality financial services through valued employees, thereby meeting the needs of our customers and the diverse communities we serve, generating profit and increasing value for our shareholders.
ENDURING GREAT COMPANIES PRESERVE THEIR
CORE VALUES & PURPOSE
WHILE CONTINUOUSLY ADAPTING BUSINESS STRATEGIES AND OPERATING PRACTICES
TO A CHANGING WORLD
PROFIT RESPONSIBILITY
As a for-profit institution, we are always mindful of our duty to the shareholders of the Company. Without profit, we cannot sustain our existence as an independent community bank, or employer.
2021 FINANCIAL HIGHLIGHTS
Total Assets
exceeded $1.1 Billion
15th consecutive record
Deposit Balances
exceeded $1 Billion
13th consecutive record
Total Equity
exceeded $97 million
14th consecutive record
Net Income
exceeded $10 million
10th consecutive record
Earnings Per Share
$3.97
12th consecutive increase
Return on Equity
11.27%
8th consecutive ROE > 10%
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CSB Bancorp Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 10:48:18 UTC.
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.