secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001558370-22-006219
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp posts Q1 net loss of $131K; NPA ratio rises to 0.55%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000155837022006219/0001558370-22-006219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000155837022006219/clst-20220428x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-006219

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