Press Release  |  January 24, 2005

CSB Bancorp, Inc. Announces Increased Fourth Quarter and Full Year Earnings

Millersburg, OH 44654

January 24, 2005

CSB Bancorp, Inc. Announces Increased Fourth Quarter and Full Year Earnings

Millersburg, Ohio, January 24, 2005 - CSB Bancorp, Inc., (OTCBB:CSBB) today announced preliminary, unaudited earnings for the three months ended December 31, 2004 of $651,000, or $0.24 per diluted share, compared to $552,000 of earnings, or $0.21 per diluted share in 2003. This represents increases of 17.9% in net income and 14.3% in earnings per share for the comparable quarters.

CSB Bancorp, Inc. also reported 2004 full year preliminary, unaudited earnings of $2,526,000 or $0.95 per diluted share compared to $2,060,000 or $0.78 per share in 2003. These results represent increases of 22.6% in earnings and 21.8% in diluted per share results.

“We are pleased with these results, while acknowledging we need to continue the hard work the staff and officers have begun. While our full year Return on Average Assets increased to .81 percent, versus .68 percent in 2003, there is still potential to improve. Likewise, our Non-Interest Expense to Revenue ratio, the efficiency benchmark, fell to 70.4 percent compared to 77.6 percent at the end of 2003. These ratios are measured on a fully taxable basis and also have potential for improvement,” stated President and C.E.O. John Limbert.

“We ended the year with positive momentum. Our net interest income reflected four consecutive quarters of increases; loan delinquencies are below industry peers; and perhaps most significantly, our non-interest expenses were $521,000 lower than the prior year. These trends, coupled with the strategies we have put into place, give us confidence for the coming year,” added Limbert.

CSB Bancorp, Inc. is headquartered in Millersburg, Ohio and is the parent company of The Commercial & Savings Bank, a $317 million bank serving Holmes, Wayne and Tuscarawas counties with nine banking centers, trust and financial, and brokerage services. CSB is located on the web at

Forward-looking Statement. The information in this press release contains forward-looking statements including certain projections, plans and forecasts of expected future performance that are not historical facts and that are subject to a number of risk and uncertainties. Actual results and performance could differ materially from those contemplated or implied by these forward-looking statements.

Contact information:
Paula Meiler, Sr. V.P. and CFO

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