Catalyst Bancorp Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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.
Sep 30, 2024 · Filed Nov 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.
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Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| (Dollars in thousands) · · 2024 · 2023 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES · · | ||||||
| Net income (loss) | | $(3,715) | | $219 | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | ||||
| Investment securities amortization, net | | 119 | | 236 | ||
| Federal Home Loan Bank stock dividends | | (62) | | (49) | ||
| Amortization of prepayment penalties on debt restructuring | | | 135 | | | 135 |
| Provision for credit losses | | 531 | | - | ||
| Increase in cash surrender value of bank-owned life insurance | | | (344) | | | (300) |
| Loss on sales of investment securities | | 5,507 | | - | ||
| Gain on disposals and sales of premises and equipment | | (6) | | - | ||
| Stock-based compensation | | | 608 | | | 572 |
| Depreciation of premises and equipment | | 306 | | 301 | ||
| Net write-downs and losses on the sale of foreclosed assets | | 57 | | 62 | ||
| Deferred income tax expense (benefit) | | (1,039) | | (74) | ||
| (Increase) decrease in other assets | | (215) | | (395) | ||
| Increase (decrease) in other liabilities | | 654 | | 371 | ||
| Net cash provided by operating activities | | 2,536 | | 1,078 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | | | ||||
| Activity in available-for-sale securities: | | | ||||
| Proceeds from maturities, calls, and paydowns | | 3,845 | | | 6,259 | |
| Proceeds from sales | | | 42,525 | | | - |
| Purchases | | (7,873) | | | - | |
| Net (increase) decrease in loans | | (21,515) | | | (2,019) | |
| Proceeds from sale of foreclosed assets | | 114 | | | 259 | |
| Purchases of premises and equipment | | (375) | | | (158) | |
| Proceeds from sale of premises and equipment | | 12 | | | - | |
| Net cash provided by investing activities | | 16,733 | | 4,341 | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | |||
| Net increase in deposits | | 1,814 | | 126 | ||
| Net advances from the Federal Reserve Bank of Atlanta | | | 10,000 | | | - |
| Purchase of stock to fund the 2022 Recognition and Retention Plan | | | - | | | (415) |
| Repurchase of common stock | | | (4,341) | | | (5,336) |
| Net cash provided by (used in) financing activities | | 7,473 | | (5,625) | ||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | | 26,742 | | (206) | ||
| CASH AND CASH EQUIVALENTS, beginning of period | | 19,011 | | 13,472 | ||
| CASH AND CASH EQUIVALENTS, end of period | | $45,753 | | $13,266 | ||
| | | | | | | |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES | | | ||||
| Acquisition of real estate in settlement of loans | | $284 | | $37 | ||
| | | | | | | |
| SUPPLEMENTAL SCHEDULE OF INTEREST AND TAXES PAID | | | ||||
| Cash paid for interest | | $2,547 | | $916 | ||
| Cash paid for income taxes | | | 200 | | | - |
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