Community Savings Bank is an Ohio community bank converting from mutual to stock form through the IPO of its holding company, CSB Financial. The bank operates in rural Clermont and Highland Counties, selling banking services to local individuals and small businesses. The core business involves gathering retail deposits to fund a loan portfolio dominated by residential mortgages. Recently, the bank has expanded its holdings by purchasing consumer loans from BHG Financial, a third-party lender. Other lending activities include commercial real estate, multi-family, and construction loans. The bank earns money primarily through net interest income, which is the spread between the interest earned on loans and the interest paid on deposits and borrowings. To fund its lending, the bank uses a combination of core retail deposits and wholesale funding sources like FHLB advances and brokered certificates of deposit. Community Savings Bank aims to grow its commercial real estate portfolio to improve interest yields and will continue to purchase consumer loans from BHG Financial to offset interest rate pressures. The bank plans to use capital from the IPO to support further loan growth and reduce its reliance on higher-cost wholesale funding while focusing on growing its base of low-cost transaction accounts.