ASB Financial Corp. (ASBF) is a thrift holding company. The Company operates through its subsidiary, American Savings Bank, fsb (ASB), a federal savings bank. The principal business of ASB is the origination of loans secured by one- to four-family residential real estate within its market area, which includes ASB’s primary market area, which comprises contiguous areas of Scioto, Pike and Hamilton Counties in Ohio, and Lewis and Greenup Counties in Kentucky. The Bank also originates loans secured by multifamily residences (over four units) and nonresidential real estate and purchase interests in loans originated by other lenders secured by multifamily real estate and nonresidential real estate located outside of ASB’s primary market area. In addition to real estate lending, ASB invests in mortgage-backed securities, the United States Government and agency obligations, municipal bonds and other investments.