Catalyst Bancorp, Inc.

Listed Company

CLSTCIK 0001849867NasdaqEmerging GrowthSavings Institution, Federally Chartered

Period

FY 2025

Revenue

—

Net Income

$2.05M

Total Assets

$282.93M

Equity

$81.72M

Shares Out

4.06M

Op. Cash Flow

$3.29M

Business

Catalyst Bancorp, Inc. is a registered bank holding company that owns Catalyst Bank and acts as the parent company for its banking operations. It offers deposit products, online banking, consumer loans, single-family residential mortgages, commercial real estate, multi‑family, construction, and commercial and industrial lending, as well as investment securities and related banking services. The company’s primary business segments consist of the holding company and its wholly owned subsidiary, Catalyst Bank, which conducts core banking and lending operations. Catalyst distributes services through six full‑service branch offices in the Acadiana region (St. Landry and Lafayette Parishes) and via online banking channels.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans receivable, including fees	11	10	7	6	7
Investment securities	1	1	2	1	674,000
Cash and due from banks	1	3	708,000	—	—
Other earning assets	56,000	86,000	72,000	407,000	60,000
Total interest income	14	14	10	8	8
Deposits	4	3	2	402,000	523,000
Borrowings	315,000	1	319,000	281,000	272,000
Total interest expense	4	4	2	—	—
Net interest income	10	10	8	7	7
Provision for credit losses	60,000	531,000	128,000	−375,000	−660,000
Net interest income after provision for credit losses	10	9	8	8	8
Service charges on deposit accounts	781,000	798,000	774,000	731,000	641,000
Bank-owned life insurance	494,000	463,000	409,000	314,000	90,000
Loss on sale of investment securities	—	−6	−92,000	—	—
(Loss) gain on disposals and sales of fixed assets	−1,000	6,000	—	−77,000	25,000
Federal community development grant	0	280,000	—	—	—
Other	84,000	120,000	61,000	34,000	44,000
Total non-interest income (loss)	1	−4	2	1	3
Salaries and employee benefits	5	5	5	5	5
Occupancy and equipment	823,000	765,000	802,000	833,000	774,000
Data processing and communication	718,000	1	911,000	841,000	777,000
Professional fees	404,000	469,000	486,000	538,000	388,000
Directors' fees	477,000	461,000	463,000	302,000	279,000
ATM and debit card	103,000	141,000	—	—	—
Foreclosed assets, net	−85,000	74,000	72,000	5,000	90,000
Advertising and marketing	131,000	129,000	100,000	240,000	43,000
Regulatory fees and assessments	134,000	149,000	131,000	134,000	123,000
Franchise and shares tax	69,000	67,000	81,000	115,000	—
Other	657,000	723,000	361,000	367,000	307,000
Total non-interest expense	9	9	9	9	8
Income (loss) before income tax expense (benefit)	3	−4	587,000	159,000	2
Income tax expense (benefit)	452,000	−894,000	61,000	−21,000	484,000
NET INCOME (LOSS)	2	−3	526,000	180,000	2
Earnings (loss) per share - basic (in dollars per share)	0.56	−0.78	0.12	0.04	0.39
Earnings (loss) per share - diluted (in dollars per share)	0.56	−0.78	0.12	0.04	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-interest-bearing cash	4	4	4	5	5
Interest-bearing cash and due from banks	21	40	15	8	36
Total cash and cash equivalents	25	44	19	13	41
Securities available-for-sale, at fair value (amortized cost of $53,517 and $33,215, respectively)	50	29	71	80	—
Securities held-to-maturity (fair value of $13,567 and $11,284, respectively)	15	13	13	13	—
Loans receivable, net of unearned income	170	167	145	134	—
Allowance for credit losses	−2	−3	−2	−2	−2
Loans receivable, net	168	165	143	132	—
Accrued interest receivable	907,000	851,000	906,000	673,000	579,000
Foreclosed assets	34,000	194,000	60,000	320,000	340,000
Premises and equipment, net	6	6	6	6	7
Stock in correspondent banks, at cost	1	2	2	2	2
Bank-owned life insurance	15	14	14	14	3
Other assets	2	2	2	2	470,000
TOTAL ASSETS	283	277	271	263	286
Non-interest-bearing	30	28	28	34	30
Interest-bearing	155	157	137	131	146
Total deposits	185	186	166	165	177
Borrowings	15	10	19	9	9
Other liabilities	1	1	1	558,000	1
TOTAL LIABILITIES	201	196	186	175	187
Preferred stock, $0.01 par value - 5,000,000 shares authorized; none issued or outstanding	—	—	—	—	—
Common stock, $0.01 par value; 30,000,000 shares authorized; 4,074,911 and 4,278,150 issued and outstanding, respectively	41,000	43,000	48,000	53,000	53,000
Additional paid-in capital	37	40	45	51	51
Unallocated common stock held by benefit plans	−5	−6	−6	−6	−4
Retained earnings	52	50	53	53	53
Accumulated other comprehensive loss	−2	−4	−7	−9	−683,000
TOTAL SHAREHOLDERS' EQUITY	82	80	85	88	99
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	283	277	271	263	286

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	2	−3	526,000	180,000	2
Investment securities amortization, net	80,000	140,000	308,000	461,000	409,000
Stock dividends from correspondent banks	−46,000	−83,000	—	—	—
Amortization of prepayment penalties on debt restructuring	174,000	180,000	180,000	180,000	180,000
Stock-based compensation	897,000	812,000	769,000	472,000	73,000
Depreciation of premises and equipment	422,000	412,000	403,000	448,000	424,000
Net write-downs and losses on the sale of foreclosed assets	120,000	57,000	66,000	−8,000	73,000
Deferred income tax	312,000	−894,000	−12,000	−9,000	152,000
(Increase) decrease in other assets	−144,000	44,000	−510,000	−23,000	313,000
(Decrease) increase in other liabilities	−147,000	24,000	536,000	−302,000	669,000
Net cash provided by operating activities	3	3	2	772,000	3
Proceeds from maturities, calls, and paydowns	5	6	9	11	9
Proceeds from sales	—	43	2	—	—
Purchases	−25	−8	—	−13	−78
Proceeds from maturities, calls, and paydowns	26,000	—	—	—	4
Purchases	−2	—	—	—	—
Net increase in loans	−3	−23	−11	−2	20
Proceeds from sale of foreclosed assets	57,000	114,000	320,000	39,000	216,000
Purchases of premises and equipment	−188,000	−430,000	−172,000	−252,000	−2
Proceeds from sale of premises and equipment	—	12,000	—	—	25,000
Purchase of Federal Home Loan Bank Stock	−303,000	—	—	—	—
Proceeds from redemption of Federal Home Loan Bank Stock	1	—	—	—	—
Net cash (used in) provided by investing activities	−24	18	−267,000	−14	−47
Net (decrease) increase in deposits	−400,000	20	528,000	−12	12
Borrowings from the Federal Home Loan Bank of Dallas	33	793,000	—	—	—
Repayments of borrowings from Federal Home Loan Bank of Dallas	−28	−793,000	—	—	—
Borrowings from the Federal Reserve Bank of Atlanta	—	43	—	—	—
Repayments of borrowings from the Federal Reserve Bank of Atlanta	—	−53	—	—	—
Repurchase of common stock	−3	−6	−6	−2	—
Net cash provided by financing activities	2	4	4	−14	59
NET CHANGE IN CASH AND CASH EQUIVALENTS	−19	25	6	−27	16
Acquisition of real estate in settlement of loans	17,000	305,000	125,000	10,000	215,000
Cash paid for interest	4	4	1	496,000	634,000
Cash paid for income taxes	116,000	200,000	—	243,000	82,000

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