President's Message from Community State Bank of Orbisonia (Orbisonia, PA)

President's Message

March 29, 2019

Dear Shareholder:

It’s amazing how fast time goes when you are doing something that you love. Speaking for myself and the rest of the CSB team, we love being community bankers and being a part of what that truly means. There is no greater feeling than being able to help your friends and neighbors out when they need help. Whether it be a financial need or a pair of helping hands, we take great pride in being part of the communities in which we serve.

With the interest rates increasing over the past year we have been able to continue to price our loans, as well as our deposits, at competitive rates to meet the needs of our customers as well as continue to make a profit for our shareholders. Our earnings per share increased from $3.00 per share in 2017 to $3.84 per share in 2018. This increase was due to the tax reform in 2017 along with performance of the bank as a whole.

We were able to continue to support our communities over this past year through donations and sponsorships of over $82,550 to various organizations such as youth programs, senior programs, hospitals, libraries, etc. We feel the need to give back to those that have been a big part of our success.

Another exciting event took place on January 3, 2019. We declared a 2 for 1 stock split. Stock certificates were mailed out to our shareholders the first week in March. We do have a few shares available for sale. So if you are interested in adding more stock to your portfolio please contact Michele Price at (814) 447-5552 and she will be happy to help you with your purchase.

Please mark your calendar for April 25, 2019 at 2:00 PM and plan on attending our annual shareholders meeting. We would love to see you and hear any ideas that you may have on how we can make Community State Bank of Orbisonia an even better community bank.

I want to take this opportunity to thank you, the shareholder, for your continued support over this past year. Without you, we wouldn’t be able to do what we do. So from the bottom of my heart, “Thank you!!”


Sincerely,

Trudy K. Everhart
President/Chief Executive Officer