secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001849867-22-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986722000006/0001849867-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986722000006/clst-20220728x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-22-000006

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