secwatch.observer — SEC 8-K summary
======================================

Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001558370-22-000498
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp Q4 net income $83K vs $1.4M in Q3; full-year net income $1.9M
------------------------------------------------------------------------------

- Net income for Q4 2021 was $83,000, down from $1.4M in Q3 2021 which included a $1.8M CDFI grant.
- Full-year 2021 net income of $1.9M vs. net loss in 2020; net interest income $1.7M for Q4, up 3% QoQ.
- Loans receivable $131.8M, down 4% from Sept 30; commercial real estate fell $5.0M on a $4.3M hotel pay-off.
- Non-performing assets $1.2M, down 7% QoQ; allowance for loan losses reversed $374K during Q4.
- Total deposits $176.8M, down 29% as IPO subscription deposits of $72.9M were returned after offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000155837022000498/0001558370-22-000498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000155837022000498/clst-20220127x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000498

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer