---
schema_version: "secwatch.filing_event.v1"
accession: "0001849867-22-000006"
form_type: "8-K"
ticker: "CLST"
cik: "0001849867"
company_name: "Catalyst Bancorp, Inc."
filed_at: "2022-07-29T23:59:59+00:00"
generated_at: "2026-06-24T07:03:41.805034+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Catalyst Bancorp Q2 net income $18,000; NIM rises to 2.71%

## Summary
- Net income of $18,000 vs net loss of $131,000 in Q1 2022; net interest income $1.81M, up 3% QoQ.
- Net interest margin expanded 12 bps to 2.71% as average yield on earning assets rose to 2.94%.
- Loans grew 1% to $133.6M; NPAs steady at $1.6M (0.57% of assets); allowance for loan losses at 1.48%.
- Rebranding costs $208K were offset by a $171K CDFI BEA grant; total non-interest expense $2.4M, up 9% QoQ.
- Deposits decreased $4.3M to $178.7M; net unrealized losses on AFS securities increased to $8.4M.

## SEC filing metadata
- accession: 0001849867-22-000006
- form_type: 8-K
- ticker: CLST
- cik: 0001849867
- company_name: Catalyst Bancorp, Inc.
- filed_at: 2022-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849867/000184986722000006/0001849867-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849867/000184986722000006/clst-20220728x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849867-22-000006
- JSON: https://secwatch.observer/filing/0001849867-22-000006.json
- Plain text: https://secwatch.observer/filing/0001849867-22-000006.txt

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