ASB Bancorp is a holding company for Asheville Savings Bank. The Company operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in the primary market area. ASB attracts deposits from the general public and uses those funds to originate primarily one-to-four family residential mortgage loans and commercial real estate loans, and, to a lesser extent, home equity loans and lines of credit, consumer loans, construction and land development loans, and commercial and industrial loans.