secwatch.observer — SEC 8-K summary
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Issuer:     CSB Bancorp, Inc. (CSBB)
CIK:        0000880417
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000950170-24-046930
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CSB Bancorp Q1 net income falls 25% to $2.93M; provision expenses rise sharply
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- Diluted EPS $1.10 vs $1.46; net income $2.93M vs $3.93M in Q1 2023.
- Provision for credit losses on loans increased $571K; off-balance sheet provision added $612K from Q1 2023.
- Net interest margin (FTE) flat at 3.37%; net interest income up $183K (+2%) YoY.
- Nonperforming assets $361K (0.05% of loans) vs $218K a year ago; delinquencies rose to 0.30% from 0.13%.
- Dividend $0.39 per share declared, annual yield 3.9% based on $40 close; shareholders' equity $110M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880417/000095017024046930/0000950170-24-046930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880417/000095017024046930/csbb-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-046930

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer