Catalyst Bancorp, Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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.
Mar 31, 2025 · Filed May 14, 2025
CLST$17.32-2.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Loss)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| (Dollars in thousands) · · 2025 · · 2024 | ||||||
| INTEREST INCOME · · · · | ||||||
| Loans receivable, including fees | | $2,738 | | $2,214 | ||
| Investment securities | | 275 | | 325 | ||
| Cash and due from banks | | 341 | | 594 | ||
| Other earning assets | | 20 | | 22 | ||
| Total interest income | | 3,374 | | 3,155 | ||
| INTEREST EXPENSE | | | ||||
| Deposits | | 941 | | 769 | ||
| Borrowings | | 68 | | 293 | ||
| Total interest expense | | 1,009 | | 1,062 | ||
| Net interest income | | 2,365 | | 2,093 | ||
| Provision for credit losses | | - | | 95 | ||
| Net interest income after provision for credit losses | | 2,365 | | 1,998 | ||
| NON-INTEREST INCOME (LOSS) | | | ||||
| Service charges on deposit accounts | | 197 | | 203 | ||
| Bank-owned life insurance | | 118 | | 113 | ||
| Loss on sale of investment securities | | - | | (5,507) | ||
| Other income on foreclosed assets | | | 216 | | | - |
| Gain on sale of fixed assets | | - | | 11 | ||
| Other | | 22 | | 17 | ||
| Total non-interest income (loss) | | 553 | | (5,163) | ||
| NON-INTEREST EXPENSE | | | ||||
| Salaries and employee benefits | | 1,245 | | 1,260 | ||
| Occupancy and equipment | | 199 | | 196 | ||
| Data processing and communication | | 182 | | 794 | ||
| Professional fees | | 101 | | 107 | ||
| Directors’ fees | | 114 | | 115 | ||
| ATM and debit card | | 22 | | | 69 | |
| Foreclosed assets, net | | 89 | | 8 | ||
| Advertising and marketing | | 39 | | 38 | ||
| Regulatory fees and assessments | | | 36 | | | 23 |
| Franchise and shares tax | | | 13 | | | 16 |
| Other | | 158 | | 165 | ||
| Total non-interest expense | | 2,198 | | 2,791 | ||
| Income (loss) before income tax expense (benefit) | | 720 | | (5,956) | ||
| Income tax expense (benefit) | | 134 | | (1,267) | ||
| NET INCOME (LOSS) | | $586 | | $(4,689) | ||
| | | | | | | |
| Earnings (loss) per share - basic | | $0.16 | | $(1.15) | ||
| Earnings (loss) per share - diluted | | | 0.16 | | | (1.15) |
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