Catalyst Bancorp, Inc. Announces 2025 First Quarter Results
Catalyst Bancorp (CLST) reported Q1 2025 net income of $586,000, down from $626,000 in Q4 2024. Total loans decreased by $1.0 million to $166.1 million, while deposits declined by $5.1 million to $180.6 million.
Key financial metrics include:
- Net interest margin of 3.89%, down 3 basis points from previous quarter
- Non-performing assets ratio of 0.63%, improving from 0.66%
- Allowance for credit losses remained at $2.5 million (1.51% of total loans)
- Shareholders' equity totaled $80.6 million (29.7% of total assets)
The company continued its share repurchase program, buying back 72,949 shares at an average cost of $11.86 per share. Since January 2023, CLST has repurchased approximately 21% of originally issued shares.
Catalyst Bancorp (CLST) ha registrato un utile netto di 586.000 dollari nel primo trimestre 2025, in calo rispetto ai 626.000 dollari del quarto trimestre 2024. I prestiti totali sono diminuiti di 1,0 milione di dollari, attestandosi a 166,1 milioni, mentre i depositi sono scesi di 5,1 milioni a 180,6 milioni.
Le principali metriche finanziarie includono:
- Margine di interesse netto del 3,89%, in calo di 3 punti base rispetto al trimestre precedente
- Rapporto di attività non performanti dello 0,63%, migliorato rispetto allo 0,66%
- Fondo svalutazione crediti stabile a 2,5 milioni di dollari (1,51% dei prestiti totali)
- Patrimonio netto degli azionisti pari a 80,6 milioni di dollari (29,7% delle attività totali)
L’azienda ha proseguito il programma di riacquisto azionario, comprando 72.949 azioni a un costo medio di 11,86 dollari per azione. Da gennaio 2023, CLST ha riacquistato circa il 21% delle azioni originariamente emesse.
Catalyst Bancorp (CLST) reportó un ingreso neto de 586,000 dólares en el primer trimestre de 2025, una disminución respecto a los 626,000 dólares del cuarto trimestre de 2024. Los préstamos totales bajaron 1.0 millón hasta 166.1 millones, mientras que los depósitos disminuyeron 5.1 millones hasta 180.6 millones.
Las principales métricas financieras incluyen:
- Margen neto de interés del 3.89%, 3 puntos básicos menos que el trimestre anterior
- Ratio de activos no productivos del 0.63%, mejorando desde 0.66%
- La provisión para pérdidas crediticias se mantuvo en 2.5 millones de dólares (1.51% de los préstamos totales)
- El patrimonio neto de los accionistas sumó 80.6 millones de dólares (29.7% de los activos totales)
La compañía continuó con su programa de recompra de acciones, adquiriendo 72,949 acciones a un costo promedio de 11.86 dólares por acción. Desde enero de 2023, CLST ha recomprado aproximadamente el 21% de las acciones originalmente emitidas.
Catalyst Bancorp (CLST)는 2025년 1분기 순이익으로 586,000달러를 보고했으며, 이는 2024년 4분기의 626,000달러에서 감소한 수치입니다. 총 대출금은 100만 달러 감소한 1억 6,610만 달러였고, 예금은 510만 달러 감소한 1억 8,060만 달러였습니다.
주요 재무 지표는 다음과 같습니다:
- 순이자마진 3.89%, 전 분기 대비 3베이시스 포인트 하락
- 부실자산 비율 0.63%, 0.66%에서 개선
- 대손충당금 250만 달러로 유지(총 대출의 1.51%)
- 주주 자본 총액 8,060만 달러(총 자산의 29.7%)
회사는 자사주 매입 프로그램을 계속 진행하여 평균 주당 11.86달러에 72,949주를 매입했습니다. 2023년 1월 이후로 CLST는 원래 발행된 주식의 약 21%를 재매입했습니다.
Catalyst Bancorp (CLST) a annoncé un bénéfice net de 586 000 dollars pour le premier trimestre 2025, en baisse par rapport à 626 000 dollars au quatrième trimestre 2024. Les prêts totaux ont diminué de 1,0 million pour s’établir à 166,1 millions, tandis que les dépôts ont reculé de 5,1 millions à 180,6 millions.
Les principaux indicateurs financiers comprennent :
- Marge d’intérêt nette de 3,89 %, en baisse de 3 points de base par rapport au trimestre précédent
- Taux d’actifs non performants de 0,63 %, en amélioration par rapport à 0,66 %
- Provision pour pertes sur crédits maintenue à 2,5 millions de dollars (1,51 % des prêts totaux)
- Capitaux propres des actionnaires totalisant 80,6 millions de dollars (29,7 % de l’actif total)
L’entreprise a poursuivi son programme de rachat d’actions, rachetant 72 949 actions à un coût moyen de 11,86 dollars par action. Depuis janvier 2023, CLST a racheté environ 21 % des actions initialement émises.
Catalyst Bancorp (CLST) meldete für das erste Quartal 2025 einen Nettogewinn von 586.000 USD, was einem Rückgang gegenüber 626.000 USD im vierten Quartal 2024 entspricht. Die Gesamtkredite sanken um 1,0 Mio. USD auf 166,1 Mio. USD, während die Einlagen um 5,1 Mio. USD auf 180,6 Mio. USD zurückgingen.
Wichtige Finanzkennzahlen umfassen:
- Nettozinsmarge von 3,89 %, ein Rückgang um 3 Basispunkte gegenüber dem Vorquartal
- Quote notleidender Vermögenswerte von 0,63 %, eine Verbesserung gegenüber 0,66 %
- Rückstellung für Kreditausfälle blieb bei 2,5 Mio. USD (1,51 % der Gesamtkredite)
- Eigenkapital der Aktionäre belief sich auf 80,6 Mio. USD (29,7 % der Gesamtvermögenswerte)
Das Unternehmen setzte sein Aktienrückkaufprogramm fort und kaufte 72.949 Aktien zu einem durchschnittlichen Preis von 11,86 USD pro Aktie zurück. Seit Januar 2023 hat CLST etwa 21 % der ursprünglich ausgegebenen Aktien zurückgekauft.
- Strong capital position with shareholders' equity at 29.7% of total assets
- Improved non-performing assets ratio to 0.63% from 0.66%
- Continued share repurchase program execution, reducing share count by 21% since January 2023
- Net income declined to $586,000 from $626,000 in previous quarter
- Total deposits decreased by $5.1 million (3%) to $180.6 million
- Net interest margin declined by 3 basis points to 3.89%
- Total loans decreased by $1.0 million to $166.1 million
Insights
First quarter results show slight deterioration but overall stability; mild negative signals are outweighed by robust capital and stable asset quality.
Catalyst Bancorp reported
"Loan growth was muted to start the year as market turbulence caused some of our customers to delay projects," said Joe Zanco, President and Chief Executive Officer of the Company and Bank. "On a brighter note, we were grateful to have received the 'Best Community Banks to Work For' Award at the ICBA's Live Conference in
Loans
Loans totaled
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | Change | |||||||||
Real estate loans | ||||||||||||
One- to four-family residential | $ | 82,025 | $ | 81,097 | $ | 928 | 1 | % | ||||
Commercial real estate | 22,103 | 22,108 | (5) | - | ||||||||
Construction and land | 32,038 | 32,941 | (903) | (3) | ||||||||
Multi-family residential | 2,530 | 2,570 | (40) | (2) | ||||||||
Total real estate loans | 138,696 | 138,716 | (20) | - | ||||||||
Other loans | ||||||||||||
Commercial and industrial | 25,447 | 26,439 | (992) | (4) | % | |||||||
Consumer | 1,934 | 1,921 | 13 | 1 | ||||||||
Total other loans | 27,381 | 28,360 | (979) | (3) | ||||||||
Total loans | $ | 166,077 | $ | 167,076 | $ | (999) | (1) | |||||
The following table presents certain major segments of our commercial real estate, construction and land, and commercial and industrial loan balances as of the dates indicated.
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | Change | |||||||||
Commercial real estate | ||||||||||||
Retail | $ | 3,723 | $ | 4,005 | $ | (282) | (7) | % | ||||
Hospitality | 3,342 | 3,460 | (118) | (3) | ||||||||
Restaurants | 1,070 | 1,091 | (21) | (2) | ||||||||
Oilfield services | 393 | 402 | (9) | (2) | ||||||||
Other non-owner occupied | 2,479 | 2,658 | (179) | (7) | ||||||||
Other owner occupied | 11,096 | 10,492 | 604 | 6 | ||||||||
Total commercial real estate | $ | 22,103 | $ | 22,108 | $ | (5) | - | |||||
Construction and land | ||||||||||||
Multi-family residential | $ | 11,297 | $ | 10,031 | $ | 1,266 | 13 | % | ||||
Health service facilities | 8,626 | 7,139 | 1,487 | 21 | ||||||||
Hospitality | 2,716 | 2,716 | - | - | ||||||||
Retail | 6,077 | 5,106 | 971 | 19 | ||||||||
Other commercial construction and land | 1,791 | 4,364 | (2,573) | (59) | ||||||||
Consumer residential construction and land | 1,531 | 3,585 | (2,054) | (57) | ||||||||
Total construction and land | $ | 32,038 | $ | 32,941 | $ | (903) | (3) | |||||
Commercial and industrial | ||||||||||||
Oilfield services | $ | 8,474 | $ | 14,823 | $ | (6,349) | (43) | % | ||||
Industrial equipment | 8,285 | 2,831 | 5,454 | 193 | ||||||||
Professional services | 3,119 | 3,127 | (8) | (0) | ||||||||
Other commercial and industrial | 5,569 | 5,658 | (89) | (2) | ||||||||
Total commercial and industrial loans | $ | 25,447 | $ | 26,439 | $ | (992) | (4) | |||||
Credit Quality and Allowance for Credit Losses
At March 31, 2025, non-performing assets ("NPAs") totaled
At both March 31, 2025 and December 31, 2024, the allowance for credit losses on loans totaled
Deposits
Total deposits were
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | Change | |||||||||
Non-interest-bearing demand deposits | $ | 26,093 | $ | 28,281 | $ | (2,188) | (8) | % | ||||
Interest-bearing demand deposits | 42,737 | 48,334 | (5,597) | (12) | ||||||||
Money market | 9,737 | 10,729 | (992) | (9) | ||||||||
Savings | 42,542 | 37,639 | 4,903 | 13 | ||||||||
Certificates of deposit | 59,489 | 60,691 | (1,202) | (2) | ||||||||
Total deposits | $ | 180,598 | $ | 185,674 | $ | (5,076) | (3) | |||||
The ratio of the Company's total loans to total deposits was
Total public fund deposits amounted to
Capital and Share Repurchases
At March 31, 2025 and December 31, 2024, consolidated shareholders' equity totaled
The Company repurchased 72,949 shares of its common stock at an average cost per share of
Net Interest Income
The net interest margin for the first quarter of 2025 was
Net interest income for the first quarter of 2025 was
The following table sets forth, for the periods indicated, the Company's total dollar amount of interest income from average interest-earning assets and the resulting yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates, and the net interest margin. Taxable equivalent ("TE") yields have been calculated using a marginal tax rate of
Three Months Ended | ||||||||||||||||||
3/31/2025 | 12/31/2024 | |||||||||||||||||
(Dollars in thousands) | Average | Interest | Average | Average | Interest | Average | ||||||||||||
INTEREST-EARNING ASSETS | ||||||||||||||||||
Loans receivable(1) | $ | 166,145 | $ | 2,738 | 6.68 | % | $ | 167,187 | $ | 2,814 | 6.70 | % | ||||||
Investment securities(2) | 46,960 | 275 | 2.35 | 47,764 | 273 | 2.30 | ||||||||||||
Other interest earning assets | 33,585 | 361 | 4.36 | 36,107 | 424 | 4.66 | ||||||||||||
Total interest-earning assets | $ | 246,690 | $ | 3,374 | 5.54 | $ | 251,058 | $ | 3,511 | 5.57 | ||||||||
INTEREST-BEARING LIABILITIES | ||||||||||||||||||
Demand deposits, money market, and | $ | 94,133 | $ | 483 | 2.08 | % | $ | 85,118 | $ | 394 | 1.84 | % | ||||||
Certificates of deposit | 55,846 | 458 | 3.32 | 57,031 | 465 | 3.24 | ||||||||||||
Total interest-bearing deposits | 149,979 | 941 | 2.54 | 142,149 | 859 | 2.40 | ||||||||||||
Borrowings | 9,573 | 68 | 2.85 | 18,663 | 180 | 3.85 | ||||||||||||
Total interest-bearing liabilities | $ | 159,552 | $ | 1,009 | 2.56 | $ | 160,812 | $ | 1,039 | 2.57 | ||||||||
Net interest-earning assets | $ | 87,138 | $ | 90,246 | ||||||||||||||
Net interest income; average interest rate | $ | 2,365 | 2.98 | % | $ | 2,472 | 3.00 | % | ||||||||||
Net interest margin(3) | 3.89 | 3.92 | ||||||||||||||||
(1) | Includes non-accrual loans during the respective periods. Calculated net of deferred fees and discounts and loans in-process. |
(2) | Average investment securities does not include unrealized holding gains/losses on available-for-sale securities. |
(3) | Equals net interest income divided by average interest-earning assets. Taxable equivalent yields are calculated using a marginal tax rate of |
Non-interest Income
Non-interest income for the first quarter of 2025 totaled
Non-interest Expense
Non-interest expense for the first quarter of 2025 totaled
Salaries and employee benefits expense totaled
Advertising and marketing expense totaled
Other non-interest expense totaled
About Catalyst Bancorp, Inc.
Catalyst Bancorp, Inc. (Nasdaq: CLST) is a
Forward-looking Statements
This news release reflects industry conditions, Company performance and financial results and contains "forward-looking statements,' which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward-looking statements are subject to a number of risk factors and uncertainties which could cause the Company's actual results and experience to differ materially from the anticipated results and expectation expressed in such forward-looking statements.
Factors that could cause our actual results to differ materially from our forward-looking statements are described under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Supervision and Regulation" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC's website and the Company's website, each of which are referenced above. To the extent that statements in this news release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology.
Forward-looking statements represent management's beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this news release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
CATALYST BANCORP, INC. AND SUBSIDIARY | |||||||||
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION | |||||||||
(Unaudited) | (Unaudited) | ||||||||
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | 3/31/2024 | ||||||
ASSETS | |||||||||
Non-interest-bearing cash | $ | 4,128 | $ | 4,076 | $ | 3,118 | |||
Interest-bearing cash and due from banks | 36,190 | 40,219 | 72,893 | ||||||
Total cash and cash equivalents | 40,318 | 44,295 | 76,011 | ||||||
Investment securities: | |||||||||
Securities available-for-sale, at fair value | 29,840 | 28,712 | 25,534 | ||||||
Securities held-to-maturity | 13,445 | 13,447 | 13,457 | ||||||
Loans receivable, net of unearned income | 166,077 | 167,076 | 143,491 | ||||||
Allowance for credit losses | (2,500) | (2,522) | (2,068) | ||||||
Loans receivable, net | 163,577 | 164,554 | 141,423 | ||||||
Accrued interest receivable | 866 | 851 | 733 | ||||||
Foreclosed assets | 77 | 194 | 237 | ||||||
Premises and equipment, net | 6,049 | 6,085 | 5,995 | ||||||
Stock in correspondent banks, at cost | 809 | 1,961 | 1,898 | ||||||
Bank-owned life insurance | 14,607 | 14,489 | 14,139 | ||||||
Other assets | 2,060 | 2,109 | 2,622 | ||||||
TOTAL ASSETS | $ | 271,648 | $ | 276,697 | $ | 282,049 | |||
LIABILITIES | |||||||||
Deposits: | |||||||||
Non-interest-bearing | $ | 26,093 | $ | 28,281 | $ | 28,836 | |||
Interest-bearing | 154,505 | 157,393 | 140,801 | ||||||
Total deposits | 180,598 | 185,674 | 169,637 | ||||||
Borrowings | 9,603 | 9,558 | 29,423 | ||||||
Other liabilities | 856 | 1,261 | 1,736 | ||||||
TOTAL LIABILITIES | 191,057 | 196,493 | 200,796 | ||||||
SHAREHOLDERS' EQUITY | |||||||||
Common stock | 42 | 43 | 46 | ||||||
Additional paid-in capital | 38,844 | 39,561 | 42,711 | ||||||
Unallocated common stock held by benefit plans | (5,649) | (5,702) | (6,169) | ||||||
Retained earnings | 50,446 | 49,860 | 48,260 | ||||||
Accumulated other comprehensive income (loss) | (3,092) | (3,558) | (3,595) | ||||||
TOTAL SHAREHOLDERS' EQUITY | 80,591 | 80,204 | 81,253 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 271,648 | $ | 276,697 | $ | 282,049 | |||
CATALYST BANCORP, INC. AND SUBSIDIARY | |||||||||
CONSOLIDATED STATEMENTS OF INCOME | |||||||||
(Unaudited) | |||||||||
Three Months Ended | |||||||||
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | 3/31/2024 | ||||||
INTEREST INCOME | |||||||||
Loans receivable, including fees | $ | 2,738 | $ | 2,814 | $ | 2,214 | |||
Investment securities | 275 | 273 | 325 | ||||||
Cash and due from banks | 341 | 401 | 594 | ||||||
Other | 20 | 23 | 22 | ||||||
Total interest income | 3,374 | 3,511 | 3,155 | ||||||
INTEREST EXPENSE | |||||||||
Deposits | 941 | 859 | 769 | ||||||
Borrowings | 68 | 180 | 293 | ||||||
Total interest expense | 1,009 | 1,039 | 1,062 | ||||||
Net interest income | 2,365 | 2,472 | 2,093 | ||||||
Provision for credit losses | - | - | 95 | ||||||
Net interest income after provision for credit losses | 2,365 | 2,472 | 1,998 | ||||||
NON-INTEREST INCOME | |||||||||
Service charges on deposit accounts | 197 | 201 | 203 | ||||||
Bank-owned life insurance | 118 | 119 | 113 | ||||||
Loss on sales of investment securities | - | - | (5,507) | ||||||
Other income on foreclosed assets | 216 | - | - | ||||||
Gain (loss) on disposals and sales of fixed assets | - | - | 11 | ||||||
Other | 22 | 17 | 17 | ||||||
Total non-interest income (loss) | 553 | 337 | (5,163) | ||||||
NON-INTEREST EXPENSE | |||||||||
Salaries and employee benefits | 1,245 | 1,227 | 1,260 | ||||||
Occupancy and equipment | 199 | 193 | 196 | ||||||
Data processing and communication | 182 | 179 | 794 | ||||||
Professional fees | 101 | 94 | 107 | ||||||
Directors' fees | 114 | 116 | 115 | ||||||
ATM and debit card | 22 | 17 | 69 | ||||||
Foreclosed assets, net | 89 | 7 | 8 | ||||||
Advertising and marketing | 39 | 17 | 38 | ||||||
Other | 207 | 188 | 204 | ||||||
Total non-interest expense | 2,198 | 2,038 | 2,791 | ||||||
Income (loss) before income tax expense (benefit) | 720 | 771 | (5,956) | ||||||
Income tax expense (benefit) | 134 | 145 | (1,267) | ||||||
NET INCOME (LOSS) | $ | 586 | $ | 626 | $ | (4,689) | |||
Earnings (loss) per share: | |||||||||
Basic | $ | 0.16 | $ | 0.16 | $ | (1.15) | |||
Diluted | 0.16 | 0.16 | (1.15) | ||||||
CATALYST BANCORP, INC. AND SUBSIDIARY | ||||||||||||
SELECTED FINANCIAL DATA | ||||||||||||
Three Months Ended | ||||||||||||
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | 3/31/2024 | |||||||||
EARNINGS DATA | ||||||||||||
Total interest income | $ | 3,374 | $ | 3,511 | $ | 3,155 | ||||||
Total interest expense | 1,009 | 1,039 | 1,062 | |||||||||
Net interest income | 2,365 | 2,472 | 2,093 | |||||||||
Provision for credit losses | - | - | 95 | |||||||||
Total non-interest income (loss) | 553 | 337 | (5,163) | |||||||||
Total non-interest expense | 2,198 | 2,038 | 2,791 | |||||||||
Income tax expense (benefit) | 134 | 145 | (1,267) | |||||||||
Net income (loss) | $ | 586 | $ | 626 | $ | (4,689) | ||||||
AVERAGE BALANCE SHEET DATA | ||||||||||||
Total loans | $ | 166,145 | $ | 167,187 | $ | 144,428 | ||||||
Total interest-earning assets | 246,690 | 251,058 | 269,835 | |||||||||
Total assets | 268,232 | 272,443 | 286,708 | |||||||||
Total interest-bearing deposits | 149,979 | 142,149 | 146,201 | |||||||||
Total interest-bearing liabilities | 159,552 | 160,812 | 174,192 | |||||||||
Total deposits | 177,106 | 170,991 | 174,656 | |||||||||
Total shareholders' equity | 80,426 | 80,988 | 82,667 | |||||||||
SELECTED RATIOS | ||||||||||||
Return on average assets | 0.89 | % | 0.91 | % | (6.58) | % | ||||||
Return on average equity | 2.96 | 3.08 | (22.81) | |||||||||
Efficiency ratio | 75.31 | 72.54 | (90.93) | |||||||||
Net interest margin(TE) | 3.89 | 3.92 | 3.12 | |||||||||
Average equity to average assets | 29.98 | 29.73 | 28.83 | |||||||||
Common equity Tier 1 capital ratio(1) | 46.95 | 45.81 | 52.09 | |||||||||
Tier 1 leverage capital ratio(1) | 29.45 | 28.73 | 26.84 | |||||||||
Total risk-based capital ratio(1) | 48.20 | 47.06 | 53.34 | |||||||||
NON-FINANCIAL DATA | ||||||||||||
Total employees (full-time equivalent) | 49 | 49 | 47 | |||||||||
Common shares issued and outstanding, end of period | 4,205,201 | 4,278,150 | 4,558,329 | |||||||||
(1) | Capital ratios are preliminary end-of-period ratios for the Bank only and are subject to change. |
CATALYST BANCORP, INC. AND SUBSIDIARY | ||||||||||||
SELECTED FINANCIAL DATA | ||||||||||||
(continued) | ||||||||||||
Three Months Ended | ||||||||||||
(Dollars in thousands) | 3/31/2025 | 12/31/2024 | 3/31/2024 | |||||||||
ALLOWANCE FOR CREDIT LOSSES | ||||||||||||
Loans: | ||||||||||||
Beginning balance | $ | 2,522 | $ | 2,414 | $ | 2,124 | ||||||
Provision for credit losses | 17 | 110 | 42 | |||||||||
Charge-offs | (53) | (28) | (123) | |||||||||
Recoveries | 14 | 26 | 25 | |||||||||
Net (charge-offs) recoveries | (39) | (2) | (98) | |||||||||
Ending balance | $ | 2,500 | $ | 2,522 | $ | 2,068 | ||||||
Unfunded commitments: | ||||||||||||
Beginning balance | $ | 121 | $ | 231 | $ | 257 | ||||||
Provision for (reversal of) credit losses on | (17) | (110) | 53 | |||||||||
Ending balance | $ | 104 | $ | 121 | $ | 310 | ||||||
Total provision for credit losses | $ | - | $ | - | $ | 95 | ||||||
CREDIT QUALITY(1) | ||||||||||||
Non-accruing loans | $ | 1,554 | $ | 1,567 | $ | 1,453 | ||||||
Accruing loans 90 days or more past due | 91 | 64 | 29 | |||||||||
Total non-performing loans | 1,645 | 1,631 | 1,482 | |||||||||
Foreclosed assets | 77 | 194 | 237 | |||||||||
Total non-performing assets | $ | 1,722 | $ | 1,825 | $ | 1,719 | ||||||
Total non-performing loans to total loans | 0.99 | % | 0.98 | % | 1.03 | % | ||||||
Total non-performing assets to total assets | 0.63 | 0.66 | 0.61 | |||||||||
(1) | Credit quality data and ratios are as of the end of each period presented. |
For more information:
Joe Zanco, President and CEO
(337) 948-3033
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SOURCE Catalyst Bancorp, Inc.
FAQ
What was Catalyst Bancorp's (CLST) net income for Q1 2025?
How many shares has CLST repurchased since January 2023?
What is Catalyst Bancorp's (CLST) loan-to-deposit ratio as of March 2025?
What is CLST's current allowance for credit losses?
