secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001849867-22-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp posts Q3 net income of $139K; loans down, NPAs rise to 0.68%
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- Net income $139,000 (+$121,000 QoQ); net interest margin 2.75% (+4 bps).
- Loans fell 1% to $131.7M; deposits grew 3% to $184.2M.
- Non-performing assets up 19% to $1.9M (0.68% of assets vs 0.57% prior).
- Allowance for loan losses decreased to 1.37% of loans from 1.48%.
- Rebranding costs fell to $28K from $208K; prior Q2 had $171K CDFI grant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986722000014/0001849867-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986722000014/clst-20221027x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-22-000014

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