CSB Bancorp Inc. reported earnings results for the nine months ended September 30, 2009. For the nine months, the company reported return on average common equity of 7.33% and return on average assets of 0.78%.

CSB Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $858,323, or $0.31 per basic and diluted share, as compared to $890,564, or $0.37 per basic and diluted share for the same period in 2008. Annualized returns on average common equity and average assets for the quarter were 7.49% and 0.80%, respectively, compared with 9.46% and 1.02% for the third quarter of 2008. Income before income tax was $1,254,023 against $1,344,564 for the same period a year ago. Total revenue amounted to $4.8 million during the quarter, compared with $4.1 million in the third quarter of 2008, an increase of 15.5%. Net interest income of $3.9 million increased $425,000 or 12.3% over the $3.4 million for the same quarter of the prior year, and $33,000 or 0.8% on a linked quarter basis. For the nine months, the company reported income before income tax of $3,581,616 against $4,145,086 for the same period a year ago. Net income was $2,460,316 or $0.90 per diluted share compared to the $2,770,086 or $1.14 per diluted share for the same period a year ago. Net interest income was $11,590,204 compared to $10,105,357 for the same period a year ago. Book value per outstanding share was $16.67 compared to $15.49 for the same period a year ago.

CSB Bancorp Inc. announced that the company's Board of Directors has declared a third quarter cash dividend of $0.18 per share on its common stock, payable October 20, 2009 to shareholders of record as of October 6, 2009.