secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001849867-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp Q4 net income rises 27% to $171K; approves first share repurchase plan
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- Q4 2022 net income $171K, up 27% from Q3 2022; net interest margin 2.96%, up 21 bps.
- Loans grew 1% to $133.6M; deposits decreased 10% to $165.1M.
- Board authorizes repurchase of up to 265,000 shares (~5% of outstanding common stock).
- Non-performing assets $2.0M (0.76% of total assets); allowance 1.35% of loans.
- No provision for loan losses; net loan recoveries of $3K in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986723000004/0001849867-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986723000004/clst-20230126x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-23-000004

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