earnings
confidence high
sentiment negative
materiality 0.65
Catalyst Bancorp posts Q1 net loss of $131K; NPA ratio rises to 0.55%
Catalyst Bancorp, Inc.
- Net loss of $131,000 in Q1 2022 vs. net income of $83,000 in Q4 2021; diluted EPS not disclosed.
- Non-performing assets up 29% to $1.6M (0.55% of assets); non-performing loans up 42% to $1.3M.
- Net interest income $1.8M, up 3% from Q4; net interest margin (TE) improved to 2.61% from 2.48%.
- Unrealized losses on AFS securities surged to $5.7M from $864K due to rising market rates.
- Deposits grew 4% to $183.1M; loans flat at $132.0M with $1.9M PPP payoffs during quarter.