CSB Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
January 26, 2016 at 09:39 pm
Share
CSB Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net interest income FTE (fully-taxable equivalent basis) of $5,262,000 against $5,060,000 for the same period in the last year. Total interest and dividend income was $5,559,000 against $5,401,000 for the same period in the last year. Net interest income was $5,173,000 against $4,987,000 for the same period in the last year. Income before income tax was $2,314,000 against $2,076,000 for the same period in the last year. Net income was $1,607,000 or $0.59 per basic and diluted share against $1,439,000 or $0.53 per basic and diluted share for the same period in the last year. Book value per common share was $22.35 against $20.97 a year ago. Return on average assets was 0.98% against 0.92% for the same period in the last year. Return on average common equity was 10.41% against 9.99% for the same period in the last year.
For the year, the company reported net interest income FTE of $20,758,000 against $20,212,000 for the same period in the last year. Total interest and dividend income was $21,997,000 against $21,656,000 for the same period in the last year. Net interest income was $20,430,000 against $19,927,000 for the same period in the last year. Income before income tax was $8,669,000 against $8,452,000 for the same period in the last year. Net income was $6,022,000 or $2.20 per basic and diluted share against $5,884,000 or $2.15 per basic and diluted share for the same period in the last year. Return on average assets was 0.95% against 0.97% for the same period in the last year. Return on average common equity was 10.07% against 10.60% for the same period in the last year.
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.