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Midas Edge

Catalyst Bancorp Inc

For the period ended Jun 30, 2024. Filed Aug 13, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 13, 2024

CLST$17.32-2.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Income

​​​​​​​​​​​​​
​ · ​ · Three Months Ended June 30, · ​ · Six Months Ended June 30,
(Dollars in thousands) · ​ · 2024 · ​ · 2023 · ​ · 2024 · ​ · 2023
INTEREST INCOME · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
Loans receivable, including fees​$2,383​$1,691​$4,597​$3,320
Investment securities​210​413​535​840
Other​932​218​1,548​429
Total interest income​3,525​2,322​6,680​4,589
INTEREST EXPENSE​​​​
Deposits​771​380​1,540​640
Borrowings​306​68​599​136
Total interest expense​1,077​448​2,139​776
Net interest income​2,448​1,874​4,541​3,813
Provision for credit losses​99​-​194​-
Net interest income after provision for credit losses​2,349​1,874​4,347​3,813
NON-INTEREST INCOME​​​​
Service charges on deposit accounts​194​200​397​383
Bank-owned life insurance​113​99​226​196
Gain (loss) on sales of investment securities​-​-​(5,507)​-
Gain (loss) on disposals and sales of fixed assets​(5)​-​6​-
Other​64​18​81​32
Total non-interest income (loss)​366​317​(4,797)​611
NON-INTEREST EXPENSE​​​​
Salaries and employee benefits​1,143​1,178​2,403​2,381
Occupancy and equipment​183​198​379​411
Data processing and communication​133​220​927​447
Professional fees​117​117​224​246
Directors’ fees​114​114​229​229
ATM and debit card​36​61​105​​119
Foreclosed assets, net​26​63​34​65
Advertising and marketing​43​22​81​52
Franchise and shares tax​​15​​25​​31​​52
Regulatory fees and assessments​​46​​42​​69​​66
Insurance​​26​​26​​52​​55
Printing, supplies and postage​​29​​43​​62​​74
Other​157​82​263​179
Total non-interest expense​2,068​2,191​4,859​4,376
Income (loss) before income tax expense (benefit)​647​-​(5,309)​48
Income tax expense (benefit)​120​(16)​(1,147)​(20)
NET INCOME (LOSS)​$527​$16​$(4,162)​$68
​​​​​​​​​​​​​
Earnings (loss) per share - basic​$0.13​$-​$(1.03)​$0.02
Earnings (loss) per share - diluted​​0.13​​-​​(1.03)​​0.02
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.