CSB Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income FTE (fully-taxable equivalent basis) of $5,060,000 against $5,000,000 for the same period in the last year. Total interest and dividend income was $5,401,000 against $5,430,000 for the same period in the last year. Net interest income was $4,987,000 against $4,922,000 for the same period in the last year. Net interest income improved by $65,000 as compared to fourth quarter 2013, while other income increased $37,000 attributable primarily to an increase in debit card interchange fees. Income before income tax was $2,076,000 against $1,744,000 for the same period in the last year. Net income was $1,439,000 or $0.53 per basic and diluted share against $1,224,000 or $0.45 per basic and diluted share for the same period in the last year. Book value per common share was $20.97 as at December 31, 2014 against $19.15 as at December 31, 2013. Return on average assets was 0.92% against 0.82% for the same period in the last year. Return on average common equity was 9.99% against 9.19% for the same period in the last year.

For the year, the company reported net interest income FTE of $20,212,000 against $19,190,000 for the same period in the last year. Total interest and dividend income was $21,656,000 against $21,138,000 for the same period in the last year. Net interest income was $19,927,000 against $18,883,000 for the same period in the last year. Income before income tax was $8,452,000 against $7,513,000 for the same period in the last year. Net income was $5,884,000 or $2.15 per basic and diluted share against $5,240,000 or $1.91 per basic and diluted share for the same period in the last year. Return on average assets was 0.97% against 0.90% for the same period in the last year. Return on average common equity was 10.60% against 9.93% for the same period in the last year

The company reported net charge-offs of $992,000 for the fourth quarter of 2014 against $202,000 for the same period in the last year.