secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001849867-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp Q2 net income falls to $39k; deposit outflows and NIM compression weigh
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- Net income $39,000 in Q2 2023, halved from $73,000 in Q1; EPS not disclosed.
- Net interest margin 3.02%, down 8bps QoQ; net interest income $1.9M, down 3% from Q1.
- Deposits fell $8.3M (5%) to $171.4M; public fund deposits dropped from $40.1M to $24.7M.
- Repurchased 129,070 shares at avg $10.65; 156,542 shares remain under April 2023 plan.
- Unrealized losses on AFS securities increased to $10.9M from $10.1M; NPAs at 0.82% of assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986723000030/0001849867-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986723000030/clst-20230727x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-23-000030

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