secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001849867-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp Q4 net income $320K; loan growth $9.2M, strongest since IPO
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- Q4 net income $320K including $371K CDFI grant; FY2023 net income $602K vs $180K in 2022.
- Loan portfolio grew $9.2M (7%) in Q4 to $144.9M, led by construction and commercial real estate.
- Net interest margin 3.14%, up 1 bps QoQ; total deposits flat at $165.6M.
- Borrowings from BTFP increased to $10M at 4.83%; total borrowings $19.4M.
- Expects ~$500K pre-tax costs in Q1 2024 for core system conversion, with >$200K annual savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000003/0001849867-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000003/clst-20240125x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-24-000003

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