Csb Bancorp, Inc. · OTC:CSBB
Csb Bancorp — Shareholder Meeting (2026)
55 slides from Csb Bancorp's shareholder meeting presentation, 2026
Slide 1: Committed to Growth, Built to Endure - 2026 Annual Meeting
COMMITTED TO GROWTH BUILT TO ENDURE 2026 ANNUAL MEETING
Slide 2: Management Report
MANAGEMENT REPORT Eddie Steiner, Chairman & Chief Executive Officer Brett Gallion, President & Chief Operations Officer 2025 Financial Review 2025 Operating Highlights 2026 First Quarter Results Economy and Banking Environment CSB Stock History and Performance Closing Comments and Opportunity for Qu
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT AGENDA 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.
Slide 4: Our Mission
OUR MISSION 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.
Slide 5: Our Values
OUR VALUES Profit Responsibility Customer Service Valued Employees Honesty / Integrity in all we do Enjoyment of work, life, and each other Growth of the Company and its Employees
Slide 6: Our Vision Is Enduring Greatness
OUR VISION IS ENDURING GREATNESS Enduring great companies preserve their core values and purpose while endlessly adapting business strategies and operating practices to the changing world. This is a magical combination - preserving the core while stimulating progress.
Slide 7: 2025 Financial Review
2025 FINANCIAL REVIEW
Slide 8: 2025 Income Summary
2025 Income Summary ($ in millions) 2025 $ Change % Change Net Interest Income (GAAP) $42M $5.5M 15% Provision For Credit Losses $5 -$1.7 -24% Noninterest Income $7 $0.2 3% Noninterest Expense $28 $3.2 13% Net Income $13M $3.4M 33%
Slide 9: 2025 Average Balances
2025 Average Balances ($ in millions) 2025 % Change Total Average Assets $1,240 5% Total Average Loans $789 10% Total Average Deposits $1,087 5% Shareholders’ Equity $122 9%
Slide 10: 2025 Key Financial Ratios
2025 Key Financial Ratios Performance Ratios 2025 2024 Return on Average Assets 1.08% 0.85% Return on Average Equity 10.94% 8.96% Net Interest Margin (fte) 3.63% 3.31%
Slide 11: Bank Level Return on Average Assets
Bank Level Return on Average Assets Uniform Bank Performance Report (FDIC) The Commercial & Savings Bank All Ohio Commercial Banks All U.S. Commerical Banks $1B - $3B Asset Size 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 2021 2022 2023 2024 2025
Slide 12: Bank Level Return on Average Equity
Bank Level Return on Average Equity Uniform Bank Performance Report (FDIC) The Commercial & Savings Bank All Ohio Commercial Banks All U.S. Commerical Banks $1B - $3B Asset Size 20% 15% 10% 5% 0% 2021 2022 2023 2024 2025
Slide 13: CSB Financial Size and Activities
CSB FINANCIAL SIZE AND ACTIVITIES $1.7 Billion in Financial Coverage December 31, 2025 CSB Originated & Serviced Trust 30 Year Fixed Mortgages $191 Million $119 Million Balance Sheet Assets Commercial $1.29 Billion Loans Serviced for Others Brokerage $13 Million $85 Million
Slide 14: Market Area & Loan Statistics
Market Area & Loan Statistics Percentage of 99% total loans originated in Ohio 19 Number of states where loans have been originated
Slide 15: Loan Balances by County - December 31, 2025
Loan Balances by County - December 31, 2025 MEDINA $26 M WAYNE STARK $209 M $141 M HOLMES $315 M TUSC $139 M
Slide 16: Deposit Balances by County - December 31, 2025
Deposit Balances by County - December 31, 2025 MEDINA $0 M WAYNE STARK $314 M $47 M HOLMES $568 M TUSC $199 M
Slide 17: Diversified Commercial Loan Portfolio
Diversified Commercial Loan Portfolio As of Dec 31, 2025 Top 10 Collateral Exposure Categories within Commercial Portfolio Dollars of Exposure in Category Industrial, manufacturing and production $81 million Healthcare facilities $39 million Warehouses $37 million Residential Investment Property $34
Slide 18: Average Loans to Average Deposits
Average Loans to Average Deposits ($ in millions) $1.1 B $1,200 $789 M $1,000 $800 $248 M $600 $400 $225 M $200 $0 COVID 11 21 09 19 10 20 18 07 08 17 06 16 12 13 22 23 15 25 14 24 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 Average Loans Average Deposits
Slide 19: Average Loans to Average Deposits
Average Loans to Average Deposits ($ in millions) $1.1 B $1,200 $789 M $1,000 91% 73% $800 $248 M $600 $400 $225 M $200 $0 COVID 11 21 09 19 10 20 18 07 08 17 06 16 12 13 22 23 15 25 14 24 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 Average Loans Average Deposits Loan to Deposit Rati
Slide 20: Credit Picture and Risk Management
Credit Picture and Risk Management ASSET QUALITY 2025 2024 Nonperforming Loans as a percent of total loans 0.08% 0.23% Past due loans as a percent of total loans 0.23% 0.40% Allowance for Credit Losses as a percent of total loans 1.50% 1.03% Allowance for Credit Losses to Total Nonperforming Loans 1
Slide 21: Operating Highlights
OPERATING HIGHLIGHTS
Slide 22: Our Operational Focus
INFRASTRUCTURE TEAM-BASED FOR SCALEABILITY APPROACH & RELIABILITY OUR Talent Acquisition & Technology, Security, Development, OPERATIONAL Staffing, Facilities, Bank Committees, & Processes & Cross-Functional Teams FOCUS RISK & EFFICIENCY RISK MITIGATION Third-Party Vendor Project/Process Management,
Slide 23: CSB Successes
2025 NETWORK INFRASTRUCTURE UPGRADES Improved hardware, backup, and disaster recovery capabilities. CSB SUCCESSES CYBERSECURITY ENHANCEMENTS Expanded tools to better protect and identify cyber incidents. FASTER PAYMENT OPTIONS More ways to pay with less friction for customers NEW ACCOUNT OPENING PLA
Slide 24: 2025 By The Numbers
2025 BY THE NUMBERS 2.6 M $423 M 370,000 ONLINE BANKING DEBIT & CREDIT CARD ACH TRANSACTIONS LOG INS TRANSACTIONS PROCESSED PROCESSED 71 % 25,000+ $1.5 BILLION ON MOBILE DEVICES TOTAL ISSUED CARDS IN MONEY MOVEMENT
Slide 25: 2025 By The Numbers
2025 BY THE NUMBERS 48,000+ 7,300+ 55.72% DEPOSIT ACCOUNTS LOAN ACCOUNTS SERVICED EFFICIENCY RATIO
Slide 26: Deposit Market Share Rankings
Deposit Market Share Rankings 2021 2022 2023 2024 2025 Holmes, Tuscarawas, & Wayne Counties #1 #1 #1 #1 #1 $1.01 B $1.08 B Total Deposits Total Deposits Holmes, Stark, Tuscarawas, #5 #4 #4 #4 #3 & Wayne Counties $1.04 B $1.13 B Total Deposits Total Deposits Source: FDIC
Slide 27: Cost of Funds
Cost of Funds (Percent) All Ohio Commercial Banks US Commercial Banks $1B-$3B CSB 2.5% 2.10% 2.0% 1.75% 1.5% 0.29% 1.27% 1.0% 0.32% 0.5% 0.19% 0.0% 2021 2022 2023 2024 2025 Source: FDIC
Slide 28: Total Employees
11.5 AVERAGE TENURE ACROSS COMPANY OFFICERS YEARS 189 7.5 AVERAGE TENURE ACROSS ALL EMPLOYEES YEARS TOTAL EMPLOYEES 3,000+ INVESTED IN EMPLOYEE TRAINING HOURS 5,100+ VOLUNTEERED IN OUR COMMUNITIES HOURS
Slide 29: 2026 Initiatives: AI Exploration
2026 INITIATIVES AI EXPLORATION Staying aligned with industry trends while evaluating what fits CSB Maintaining a strong focus on efficiency and practical application Thoughtful adoption of new technologies where they add clear value Clear understanding of risk, compliance, and long-term impact
Slide 30: 2026 Initiatives: Charm Banking Center Remodel
2026 INITIATIVES CHARM BANKING CENTER REMODEL
Slide 31: 2026 Initiatives: New Account Opening and Lending Platforms
2026 INITIATIVES FULL IMPLEMENTATION OF NEW ACCOUNT OPENING AND COMMERCIAL LENDING PLATFORMS Streamlined processes with improved speed and efficiency Scalable platforms to support growth and customer needs
Slide 32: 2026 Initiatives: Online Account Opening for Deposits
2026 INITIATIVES ONLINE ACCOUNT OPENING FOR DEPOSITS Introduce online account opening for current customers Expand access beyond the banking center Provide a seamless, user-friendly digital experience that meets evolving customer expectations
Slide 33: First Quarter Financials
FIRST QUARTER FINANCIALS
Slide 34: 1st Quarter Income Summary
1st Quarter Income Summary % Change % Change Q1 2026 from Q4 from Q1 2025 2025 Net Interest Income (fte) $ 11.5 M +0.4% +18.3% Provision For Credit Losses $ 0.5 M -87.2% +23.1% Noninterest Income $ 1.9 M -4.3% +10.4% Noninterest Expense $ 7.3 M +0.8% +12.7% Net Income $ 4.4 M +138% +22.9%
Slide 35: 1st Quarter Average Balances
1st Quarter Average Balances Pct Change Pct Change March 31 2026 from 12/31/25 from 3/31/25 Total Average Assets $ 1.3 B -1.2% +6.0% Total Average Loans $ 845 M +3.3% +11.8% Total Average Deposits $ 1.1 B -1.8% +5.5% Shareholders’ Equity $ 128 M +0.9% +10.2%
Slide 36: 1st Quarter Performance Comparison
1st Quarter Performance Comparison Performance Ratios Q1 2026 Q1 2025 Return on Average Assets 1.42 % 1.22% Return on Average Equity 14.03 % 12.58% Efficiency Ratio 54.75 % 56.81% Net Interest Margin (fte) 3.87% 3.48%
Slide 37: Economy and Banking Context
ECONOMY AND BANKING CONTEXT
Slide 38: Ohio Unemployment Rates - February 2026
Ohio Unemployment Rates - February 2026 MEDINA 4.0% Ohio 4.2% WAYNE STARK U.S. 4.3% 4.1% 5.0% HOLMES 3.2% TUSC 4.5% Source: Ohio LMI
Slide 39: Unemployment Rates - Ohio vs U.S.
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Slide 40: Inflation and the Fed's Response
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Slide 41: Overall Economy Is Growing, But...
OVERALL ECONOMY IS GROWING, BUT... Jobs are slowing; unemployment is staying just inside the tolerable range from a Fed perspective Inflation is persistently tracking between 2.5% and 2.9% 25%-45% higher that target of 2.0% Energy commodities are up 19% for the 12 months ended in March Consumer sent
Slide 42: Many Current Domestic and Foreign Policy Issues Are Complex
Many Current Domestic and Foreign Policy Issues are complex, variable, and difficult to navigate Tariffs Immigration policy Federal spending cuts and staff reductions Federal spending cuts rippling through state and local levels Heavy investment in artificial intelligence (chip companies, software c
Slide 43: Banking Conditions
BANKING CONDITIONS Industry earnings are strong Regulatory policy is loosening “Tailored Supervision” according to size and complexity Financial service companies are being granted bank charters Genius Act allows banks to issue and manage stablecoins The lighter touch regulation and acceleration of
Slide 44: Stock Performance
STOCK PERFORMANCE
Slide 45: Book Value Per Share at Year End
$0 $10 $30 $40 $50 20 06 20 $20 $14.03 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 (Dollars) 16 20 17 20 18 20 19 20 20 20 21 Book Value Per Share at Year End 20 22 20 23 20 24 20 25 $48.07
Slide 46: Earnings Per Share
$4 $5 $2 $3 $6 $0 $1 20 06 20 $1.23 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 (Dollars) 20 17 20 18 20 Earnings Per Share 19 20 20 20 21 20 22 20 23 20 24 20 25 $5.07
Slide 47: Dividends Per Share
$0.00 $0.50 $1.00 $1.50 $2.00 20 06 20 $0.64 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 (Dollars) 16 20 17 20 18 20 Dividends Per Share 19 20 20 20 21 20 22 20 23 20 24 20 25 $1.64
Slide 48: Dividend Payout Ratio
Dividend Payout Ratio 60% (Percent of Net Income Paid Out in Cash Dividends) 52% 32% 40% 20% 0% 11 21 09 19 10 20 18 07 08 17 06 16 12 13 22 23 15 25 14 24 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Slide 49: Dividend Yield
Dividend Yield 5% 3.37% (Dividends paid divided by year-end stock price) 3.04% 4% 3% 2% 1% 0% 11 21 09 19 10 20 18 07 08 17 06 16 12 13 22 23 15 25 14 24 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Slide 50: Stock Price at Year End
$0 $20 $40 $60 20 06 20 $19.00 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 (Dollars) 20 17 20 18 20 19 Stock Price at Year End 20 20 20 21 20 22 20 23 20 24 20 25 $54.00
Slide 51: Total Return on Stock, Assuming Reinvestment of Dividends
Total Return on Stock, Assuming Reinvestment of Dividends (by Year) 60% 46.3% % 40% 20% -6.6% 0% -20% 11 21 09 19 10 20 18 07 08 17 06 16 12 13 22 23 15 25 14 24 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Slide 52: Total Return on CSB Stock as of April 21, 2026
Total Return on CSB Stock as of April 21, 2026 (With dividends reinvested) Year to Date 1 Year 3 Years 5 Years CSBB 18% 59% 84% 92% S&P 500 4% 35% 78% 83% U.S. Midwest Banks 7% 40% 88% 34% U.S. MicroCap Banks 9% 39% 65% 70% less than $250M Capital
Slide 53: Current Dividend, Yield, and Price Multiple
Current $0.43/share Dividend Paid March 24, 2026 Dividend, Effective Yield, $63.00/share Closing Price April 21, 2026 and Price Effective Multiple 2.73% Dividend Yield April 21, 2026 Price / Book 1.23x (per share) April 21, 2026
Slide 54: Thank You
THANK YOU SiS os sanconr, ne |
Slide 55: Fi csp sancone, inc
Fi csp sancone, inc