Welcome to our dedicated page for Catalyst Bancorp SEC filings (Ticker: CLST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Catalyst Bancorp, Inc. filings document the formal reporting record for the parent company of Catalyst Bank. The company’s 8-K reports furnish quarterly results and financial condition updates, including loan portfolio composition, deposit categories, net interest trends, and related exhibits from earnings releases.
Other filings cover capital-structure and governance matters, including common stock repurchase authorizations, annual meeting proxy materials, shareholder voting matters, board and audit committee disclosures, and changes in the company’s independent registered public accounting firm.
Catalyst Bancorp, Inc. reported results of its Annual Meeting of shareholders. Investors elected directors Frederick R. Lafleur and Matthew L. Scruggins. Lafleur received 1,473,154 votes for, 790,019 withheld, and 669,464 broker non-votes, while Scruggins received 1,578,557 for, 684,616 withheld, and 669,464 broker non-votes. Shareholders also approved the ratification of the company’s independent registered public accounting firm with 2,926,395 votes for, 515 against, and 5,727 abstentions.
Catalyst Bancorp, Inc. reported a modestly lower profit while strengthening liquidity and announcing a planned acquisition. For the three months ended March 31, 2026, net income was $558,000 versus $586,000 a year earlier, with basic earnings per share steady at $0.16.
Total assets rose to $288.5 million, up 2.0% from year-end, as cash and cash equivalents increased to $38.5 million, driven mainly by a $10.1 million rise in deposits to $195.4 million and lower Federal Home Loan Bank borrowings. The loan portfolio declined 3.8% to $163.7 million, led by paydown of a large commercial and industrial relationship, while the allowance for credit losses decreased slightly to $2.3 million with a small reversal.
Credit quality remained generally stable, with non-accrual loans of $2.4 million and total loans past due still a small portion of the portfolio. After quarter-end, the company agreed to acquire Lakeside Bancshares, Inc. for $19.58 per share in cash, or $41.1 million in aggregate, adding a bank with $385.7 million in assets as of December 31, 2025, subject to regulatory and shareholder approvals.
Catalyst Bancorp, Inc. reported stronger results for the first quarter of 2026, with net income of $558,000 and diluted EPS of $0.15, up from $456,000 and $0.13 in the prior quarter. Earnings included $95,000 of professional fees tied to its agreement to acquire Lakeside Bancshares.
Total loans were $163.7 million, down 4% from December 31, 2025, mainly from payoff of a $5.9 million commercial and industrial relationship, while deposits rose 5% to $195.4 million, lowering the loan-to-deposit ratio to 84%. Non-performing assets were $2.7 million, or 0.94% of total assets, and the allowance for credit losses on loans was $2.3 million, or 1.40% of total loans.
Net interest income was $2.5 million, up 2% quarter over quarter, as lower funding costs offset a modest decline in asset yields, resulting in a net interest margin of 3.83%. Total assets reached $288.5 million, and shareholders’ equity was $82.2 million, or 28.5% of total assets, with the company continuing share repurchases and planning to resume its November 2025 buyback program in the second quarter of 2026.
Catalyst Bancorp Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 215,496 shares of Common Stock, representing 5.28% of the class. The filing shows sole voting power over 25,356 shares and sole dispositive power over 215,496 shares. The Schedule 13G was signed by Ashley Grim on 04/29/2026.
Catalyst Bancorp, Inc. is asking shareholders to elect two directors for three-year terms and ratify BDO USA, P.C. as independent auditor at its May 19, 2026 annual meeting in Opelousas, Louisiana. Shareholders of record on March 30, 2026, holding 4,058,297 common shares, may vote.
The proxy details board composition, committee structure and director independence, plus 2025 compensation for executives and directors. CEO Joseph B. Zanco received total 2025 compensation of $588,181. The employee stock ownership plan beneficially owns 415,407 shares, or 10.2% of common stock.
Stilwell’s investment group has filed a second amended ownership report on Catalyst Bancorp, Inc., disclosing an 8.6% stake and an activist agenda. The group, led by Joseph Stilwell and several affiliated Delaware partnerships and an LLC, reports beneficial ownership of 348,590 shares of Catalyst’s common stock, based on 4,058,297 shares outstanding as of March 30, 2026.
Stilwell Activist Fund and Stilwell Activist Investments funded recent purchases primarily from working capital, with the latter spending $1,414,269.46 for 87,473 shares and the former $17,174.00 for 1,108 shares, sometimes using margin loans from major brokerages. The group states its purpose is to profit from share price appreciation by asserting shareholder rights and explicitly plans to seek board representation, arguing Catalyst’s asset value is not fully reflected in its current stock price.
Catalyst Bancorp, Inc. is acquiring Lakeside Bancshares, Inc. in an all-cash deal valued at $19.58 per share, or $41.1 million in total, subject to adjustment. Lakeside shareholders will receive cash for each share, followed by mergers of both holding companies and their banks, with Catalyst and Catalyst Bank surviving.
Based on December 31, 2025 data, Lakeside had $385.7 million in assets, and the combined company is expected to have approximately $627.3 million in assets, $399.9 million in loans and $470.0 million in deposits. Catalyst expects the transaction to be over 180% accretive to earnings per share once cost savings are fully realized and accretive to tangible book value per share within three years of closing, while maintaining strong post-merger capital ratios of about 10.4% leverage and 15.4% total risk-based capital. The merger, unanimously approved by both boards, is targeted to close in the third quarter of 2026, subject to Lakeside shareholder approval and regulatory approvals.
Catalyst Bancorp, Inc. files its annual report describing Catalyst Bank’s community banking model in south-central Louisiana, focused on deposits, lending and investment securities. At December 31, 2025, the loan portfolio was $170.2 million, representing 60.2% of total assets, with an ongoing shift from traditional one- to four-family mortgages toward commercial and multi-family lending.
Single-family residential mortgages totaled $80.1 million, while commercial real estate and multi-family loans reached $38.2 million and construction and land loans were $18.8 million. Commercial and industrial loans were $31.2 million, reflecting a growing focus on small and mid-sized business customers. Nonperforming loans were $2.6 million, mostly in one- to four-family mortgages, and the allowance for credit losses on loans was 1.39% of total loans.
Investment securities totaled $65.4 million, or 23.1% of assets, primarily agency mortgage-backed securities and U.S. government and federal agency obligations. Average deposits were $179.5 million in 2025, supplemented by $14.7 million in Federal Home Loan Bank advances. The report also details extensive regulatory, capital, cybersecurity and Community Reinvestment Act frameworks governing the bank’s operations.
Catalyst Bancorp Inc amendment filing reports that The Vanguard Group holds 0 shares of Common Stock, representing 0% of the class as disclosed in the Schedule 13G/A.
The filing notes an internal realignment at The Vanguard Group, Inc. on January 12, 2026, after which certain subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538.