---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-013692"
form_type: "8-K"
ticker: "CLST"
cik: "0001849867"
company_name: "Catalyst Bancorp, Inc."
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T16:58:53.281543+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Catalyst Bancorp Q3 net income $1.4M; IPO raises $52.9M; CDFI grant $1.8M

## Summary
- Net income $1.4M in Q3 2021 vs $260K in Q2; driven by $1.8M CDFI Rapid Response Program grant recognized in non-interest income.
- Completed IPO on Oct 12, 2021: sold 5,290,000 shares at $10 each for $52.9M; began trading on Nasdaq under "CLST" on Oct 13.
- Loans fell $3.6M (-2.5%) to $136.7M; NPAs down 7.9% to $1.8M; allowance for loan losses 1.94% of total loans.
- Deposits up $71.9M (+40%) to $249.5M due to IPO subscription cash; net interest margin decreased to 2.84% from 3.30%.
- No provision for loan losses in Q3 vs reversal of $286K in Q2; net charge-offs minimal at $3K.

## SEC filing metadata
- accession: 0001558370-21-013692
- form_type: 8-K
- ticker: CLST
- cik: 0001849867
- company_name: Catalyst Bancorp, Inc.
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849867/000155837021013692/0001558370-21-013692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849867/000155837021013692/clst-20211028x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-013692
- JSON: https://secwatch.observer/filing/0001558370-21-013692.json
- Plain text: https://secwatch.observer/filing/0001558370-21-013692.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.