secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001849867-24-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp Q3 net income $447K, down $80K; loan growth record $12.6M
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- Net income of $447K, down $80K from Q2 2024; includes $238K pre-tax CDFI grant.
- Loan portfolio grew $12.6M to $165.9M, an 8% increase, driven by construction and commercial.
- Net interest margin expanded 14 bps to 3.86% from prior quarter; net interest income up 3%.
- Deposits fell $12.6M to $167.4M; loan-to-deposit ratio rose to 99% from 85%.
- Non-performing assets declined to $1.6M (0.57% of assets) from $1.7M; allowance at 1.46%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000025/0001849867-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000025/clst-20241024x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-24-000025

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