secwatch.observer — SEC 8-K summary
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Issuer:     CSB Bancorp, Inc. (CSBB)
CIK:        0000880417
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000950170-24-116109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CSB Bancorp Q3 net income falls to $3.1M ($1.18 EPS) from $3.5M ($1.30); credit loss provision jumps
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- Q3 net income $3.145M, down 10% YoY; diluted EPS $1.18 vs $1.30.
- Provision for credit loss expense rose $523K vs Q3 2023; $4.1M charge-down on a $6.4M commercial relationship.
- Nonperforming assets at $3.4M (0.47% of loans) vs $260K (0.04%) a year ago.
- Net loan charge-offs $4M in Q3 vs net recoveries of $119K in prior-year quarter.
- Q3 dividend maintained at $0.40 per share; book value per share up 7% YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880417/000095017024116109/0000950170-24-116109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880417/000095017024116109/csbb-20241022.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116109

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