OPELOUSAS, La., July 30, 2026 /PRNewswire/ -- Catalyst Bancorp, Inc. (Nasdaq: "CLST") (the "Company"), the parent company for Catalyst Bank (the "Bank") (www.catalystbank.com), reported net income of $524,000, or $0.14 per diluted common share ("diluted EPS"), for the second quarter of 2026, compared to net income of $558,000, or $0.15 diluted EPS, for the first quarter of 2026.
On July 14, 2026, the Company completed the acquisition of Lakeside Bancshares, Inc. and its subsidiary, Lakeside Bank (collectively referred to as "Lakeside"). The Company's reported net income for 2026 includes certain expenses related to Lakeside's merger with and into the Company and the Bank. These expenses are referred to as "merger-related expenses" and totaled $87,000 (pre-tax) for the second quarter of 2026, compared to $95,000 (pre-tax) for the first quarter of 2026.
"Although we've seen a decline in loans through the first half of the year, credit quality remains sound and we continue to gain new deposit customers," said Joe Zanco, President and Chief Executive Officer of the Company and Bank. "We're excited about Louisiana's economic future and are off to a running start in our new, Southwest Louisiana market."
Loans
Loans totaled $162.8 million at June 30, 2026, down $892,000, or 1%, from March 31, 2026. The following table sets forth the composition of the Company's loan portfolio as of the dates indicated.
(Dollars in thousands) 6/30/2026 3/31/2026 Change
----------------------- ----------- ----------- ------------------
Real estate loans
One- to four-family
residential $ 76,699 $ 78,093 $(1,394) (2)%
Commercial real estate 37,426 33,673 3,753 11
Construction and land 15,943 19,761 (3,818) (19)
Multi-family
residential 4,724 4,781 (57) (1)
------- ------- -------
Total real estate loans 134,792 136,308 (1,516) (1)
Other loans
Commercial and
industrial 26,256 25,626 630 2%
Consumer 1,737 1,743 (6) -
------- ------- -------
Total other loans 27,993 27,369 624 2
------- ------- -------
Total loans $ 162,785 $ 163,677 $ (892) (1)
======= ======= =======
During the second quarter of 2026, a $5.0 million construction loan was converted to an amortizing commercial real estate loan. The loan is included in the health service facilities category presented in the following table.
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) 6/30/2026 3/31/2026 Change
----------------------- ----------- ----------- ------------------
Commercial real estate
Retail $ 8,878 $ 9,273 $ (395) (4)%
Hospitality 5,440 5,519 (79) (1)
Health service
facilities 9,838 4,911 4,927 100
Restaurants 1,022 1,047 (25) (2)
Oilfield services 345 355 (10) (3)
Other non-owner
occupied 2,002 2,322 (320) (14)
Other owner occupied 9,901 10,246 (345) (3)
------- ------- -------
Total commercial real
estate $ 37,426 $ 33,673 $ 3,753 11
======= ======= =======
Construction and land
Multi-family
residential $ 6,873 $ 5,783 $ 1,090 19%
Health service
facilities 4,797 9,698 (4,901) (51)
Other commercial
construction and land 3,088 2,436 652 27
Consumer residential
construction and land 1,185 1,844 (659) (36)
------- ------- -------
Total construction and
land $ 15,943 $ 19,761 $(3,818) (19)
======= ======= =======
Commercial and
industrial
Oilfield services $ 17,824 $ 17,959 $ (135) (1)%
Industrial equipment 910 986 (76) (8)
Professional services 3,582 3,250 332 10
Other commercial and
industrial 3,940 3,431 509 15
------- ------- -------
Total commercial and
industrial loans $ 26,256 $ 25,626 $ 630 2
======= ======= =======
Multi-family residential construction loan growth was largely driven by new apartment homes in Lafayette Parish.
Credit Quality and Allowance for Credit Losses
At June 30, 2026, non-performing assets ("NPAs") totaled $2.3 million, down $385,000, or 14%, compared to NPAs of $2.7 million at March 31, 2026. The decline in NPAs was primarily due to the pay-off of a substandard commercial real estate loan that was individually evaluated for credit losses as of March 31, 2026. The ratio of NPAs to total assets was 0.80% and 0.94% at June 30 and March 31, 2026, respectively. Non-performing loans ("NPLs") were 1.43% and 1.64% of total loans at June 30 and March 31, 2026, respectively. At June 30, 2026, 96% of total NPLs were one- to four-family residential mortgage loans, compared to 82% at March 31, 2026.
At June 30, 2026, the allowance for credit losses on loans totaled $2.2 million, or 1.34% of total loans, compared to $2.3 million, or 1.40% of total loans, at March 31, 2026. The Company recorded a $104,000 reversal of provision for credit losses for the second quarter of 2026, compared to a $70,000 reversal for the first quarter of 2026. The reversal of expected credit losses in the second quarter of 2026 was largely driven by a decline in construction and land loan balances as a result of a $5.0 million construction loan converting to an amortizing commercial real estate loan and a decline in the amount of classified commercial real estate loans during the second quarter of 2026. The reversal of expected credit losses in the first quarter of 2026 was primarily driven by declines in commercial and industrial and residential loan balances.
Net loan charge-offs totaled $1,000 during the second quarter of 2026, compared to net loan charge-offs of $37,000 during the first quarter of 2026. Net loan charge-offs during the first quarter of 2026 included a $28,000 charge-off of a commercial line of credit.
Investment Securities
Total investment securities were $67.1 million, or 23% of total assets, at June 30, 2026, up $3.9 million, or 6%, compared to March 31, 2026. During the second quarter of 2026, we purchased $6.0 million of subordinated debt issued by bank holding companies. The issuers are financially strong, publicly traded companies based in the southern United States. The weighted average yield of the securities purchased during the second quarter of 2026 was 6.3%. We did not purchase investment securities in the first quarter of 2026.
Deposits
Total deposits were $196.4 million at June 30, 2026, up $1.0 million, or 1%, from March 31, 2026. Total deposits averaged $198.8 million during the second quarter of 2026, compared to $198.2 million during the first quarter of 2026. The ratio of the Company's total loans to total deposits was 83% and 84% at June 30 and March 31, 2026, respectively.
The following table sets forth the composition of the Company's deposits as of the dates indicated.
(Dollars in thousands) 6/30/2026 3/31/2026 Change
----------------------- ----------- ----------- -----------------
Non-interest-bearing
demand deposits $ 35,346 $ 34,739 $ 607 2%
Interest-bearing demand
deposits 32,667 33,249 (582) (2)
Money market 9,248 9,296 (48) (1)
Savings 64,386 60,525 3,861 6
Certificates of deposit 54,742 57,564 (2,822) (5)
------- ------- -------
Total deposits $ 196,389 $ 195,373 $ 1,016 1
======= ======= =======
Growth in high-yield savings accounts has been a primary driver of deposit growth during both the first and second quarters of 2026.
Total public fund deposits were $27.4 million, or 14% of total deposits, at June 30, 2026, compared to $29.8 million, or 15% of total deposits, at March 31, 2026. During the second quarter of 2026, total public fund deposits averaged $30.1 million, compared to $35.6 million during the first quarter of 2026. The decline in public fund deposits was largely due to seasonal fluctuations.
Capital and Share Repurchases
At June 30 and March 31, 2026, consolidated shareholders' equity totaled $82.5 million and $82.2 million, or 28.5% of total assets, respectively. Following the merger of Lakeside with and into the Company and the Bank, consolidated shareholders' equity is estimated to be approximately $78.7 million, or 12.5% of total assets, based on data as of June 30, 2026.
The Company repurchased 24,206 shares of its common stock at an average cost per share of $16.20 during the second quarter of 2026, compared to 16,614 shares at an average cost per share of $15.71 during the first quarter of 2026. The Company paused share repurchases while conducting merger-related due diligence and negotiations.
During the fourth quarter of 2025, the Company announced our sixth share repurchase plan (the "November 2025 Repurchase Plan"). Under the November 2025 Repurchase Plan, the Company may purchase up to 205,000 shares, or approximately 5% of the Company's outstanding common stock. At June 30, 2026, 148,091 shares of the Company's common stock were available for repurchase under the November 2025 Repurchase Plan.
Since the announcement of our first share repurchase plan on January 26, 2023 and through June 30, 2026, the Company has repurchased a total of 1,255,909 shares of its common stock, or 24% of the common shares originally issued, at an average cost per share of $12.19. At June 30, 2026, the Company had common shares outstanding of 4,034,091.
Net Interest Income
The net interest margin for the second quarter of 2026 was 3.86%, up three basis points compared to the prior quarter. For the second quarter of 2026, the average yield on interest-earning assets was 5.34%, down two basis points from the prior quarter, and the average rate paid on interest-bearing liabilities was 2.31%, down four basis points from the first quarter of 2026. Net interest income for the second quarter of 2026 was $2.6 million, up $46,000, or 2%, compared to the first quarter of 2026.
Total interest income was up $14,000, or less than 1%, in the second quarter of 2026 compared to the prior quarter largely due to an increase in income on investment securities, cash and due from banks, and other interest earning assets, which was mostly offset by a decline in interest income on loans. During March 2026, a $5.9 million commercial and industrial loan relationship paid off after the sale of the borrower's business. In the same month, the Company purchased $817,000 of stock in the Federal Reserve Bank of Atlanta, which yields a statutory rate of 6.0%. During the second quarter of 2026, as previously mentioned, the Company purchased subordinated debt with an average yield of 6.3%.
Total interest expense decreased $32,000, or 3%, in the second quarter of 2026 compared to the prior quarter. The decline in interest expense was mainly due to a decline in the average volume of total interest-bearing liabilities. Total average interest-bearing deposits were down $2.4 million, or 1%, during the second quarter of 2026 compared to the prior quarter, largely due to fluctuations in public funds.
The following table sets forth, for the periods indicated, the Company's total dollar amount of interest income from average interest-earning assets and the resulting yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates, and the net interest margin. Taxable equivalent ("TE") yields have been calculated using a marginal tax rate of 21%. All average balances are based on daily balances.
Three Months Ended
------------------------------------------------------------------
6/30/2026 3/31/2026
-------------------------------- --------------------------------
Average Average
Average Yield/ Average Yield/
(Dollars in thousands) Balance Interest Rate$(TE)$ Balance Interest Rate(TE)
----------------------- -------- ---------- ---------- -------- ---------- ----------
INTEREST-EARNING ASSETS
Loans receivable(1) $163,650 $ 2,686 6.58% $168,545 $ 2,749 6.61%
Investment
securities(2) 69,732 567 3.28 67,529 522 3.13
Other interest earning
assets 36,157 331 3.67 33,760 299 3.60
------- ------ ------- ------
Total interest-earning
assets $269,539 $ 3,584 5.34 $269,834 $ 3,570 5.36
======= ====== ======= ======
INTEREST-BEARING
LIABILITIES
Demand deposits, money
market, and savings
accounts $106,757 $ 512 1.92% $107,158 $ 494 1.87%
Certificates of deposit 56,097 407 2.91 58,086 445 3.10
------- ------ ------- ------
Total interest-bearing
deposits 162,854 919 2.26 165,244 939 2.30
Borrowings 9,773 74 3.02 11,110 86 3.11
------- ------ ------- ------
Total interest-bearing
liabilities $172,627 $ 993 2.31 $176,354 $ 1,025 2.35
======= ====== ======= ======
Net interest-earning
assets $ 96,912 $ 93,480
======= =======
Net interest income;
average interest rate
spread $ 2,591 3.03% $ 2,545 3.01%
====== ======
Net interest margin(3) 3.86 3.83
(1) Includes non-accrual loans during the respective periods. Calculated net
of deferred fees and discounts and loans in-process.
(2) Average investment securities do 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
21%.
Non-interest Expense
Non-interest expense for the second quarter of 2026 totaled $2.4 million, up $97,000, or 4%, compared to the first quarter of 2026. Non-interest expense included merger-related expenses of $87,000 for the second quarter of 2026, compared to $95,000 for the first quarter of 2026.
Professional fees for the second quarter of 2026 totaled $175,000 and included $64,000 of merger-related expenses. For the first quarter of 2026, professional fees totaled $185,000 and included $95,000 of merger-related expenses. Excluding merger-related expenses, professional fees increased during the second quarter of 2026 compared to the prior quarter primarily due to expenses associated with the Company's annual meeting and annual report.
Advertising and marketing expense for the second quarter of 2026 was $47,000, up $14,000, or 42%, compared to the prior quarter largely due to merger-related expenses.
Other non-interest expense totaled $289,000 for the second quarter of 2026, up $55,000, or 24%, from the prior quarter. The majority of the increase was due to training and education expenses and annual report distribution costs. Other non-interest expense for the second quarter of 2026 also included $8,000 of merger-related expenses.
Income Tax Expense
Income tax expense for the second quarter of 2026 totaled $152,000, up $26,000, or 21%, compared to the first quarter of 2026. The Company's effective tax rate was 22.5% for the second quarter of 2026, compared to 18.4% for the first quarter of 2026. The increase in income tax expense and the effective tax rate for the second quarter of 2026 was mainly due to the tax impact of non-deductible merger-related expenses.
About Catalyst Bancorp, Inc.
Catalyst Bancorp, Inc. (Nasdaq: CLST) is a Louisiana corporation and registered bank holding company for Catalyst Bank, its wholly-owned subsidiary, with $290.0 million in assets at June 30, 2026. Catalyst Bank, formerly St. Landry Homestead Federal Savings Bank, has been in operation in the Acadiana region of south-central Louisiana since 1922. Catalyst Bank offers commercial and retail banking products with a focus on fueling business and improving lives in the communities we serve. To learn more about Catalyst Bancorp and Catalyst Bank, visit www.catalystbank.com, or the website of the Securities and Exchange Commission, www.sec.gov.
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 expectations 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, 2025, 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.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited) (Unaudited) (Unaudited)
(Dollars in thousands) 6/30/2026 3/31/2026 12/31/2025 6/30/2025
----------------------- ------------- ------------- ------------ -------------
ASSETS
Non-interest-bearing
cash $ 4,973 $ 4,898 $ 4,132 $ 4,024
Interest-bearing cash
and due from banks 32,009 33,635 21,073 36,032
--------- --------- -------- ---------
Total cash and cash
equivalents 36,982 38,533 25,205 40,056
Investment securities:
Securities
available-for-sale, at
fair value 46,218 48,216 50,467 29,294
Securities
held-to-maturity 20,844 14,914 14,917 14,948
Loans receivable, net
of unearned income 162,785 163,677 170,210 167,569
Allowance for credit
losses (2,185) (2,295) (2,367) (2,431)
--------- --------- -------- ---------
Loans receivable, net 160,600 161,382 167,843 165,138
Accrued interest
receivable 876 849 907 883
Foreclosed assets 5 34 34 80
Premises and equipment,
net 5,648 5,749 5,850 5,977
Stock in correspondent
banks, at cost 1,976 1,963 1,139 825
Bank-owned life
insurance 15,252 15,117 14,983 14,726
Other assets 1,612 1,751 1,582 1,858
--------- --------- -------- ---------
TOTAL ASSETS $ 290,013 $ 288,508 $ 282,927 $ 273,785
========= ========= ======== =========
LIABILITIES
Deposits:
Non-interest-bearing $ 35,346 $ 34,739 $ 29,991 $ 31,155
Interest-bearing 161,043 160,634 155,283 151,056
--------- --------- -------- ---------
Total deposits 196,389 195,373 185,274 182,211
Borrowings 9,786 9,759 14,732 9,647
Other liabilities 1,308 1,167 1,196 1,128
--------- --------- -------- ---------
TOTAL LIABILITIES 207,483 206,299 201,202 192,986
--------- --------- -------- ---------
SHAREHOLDERS' EQUITY
Common stock 40 41 41 41
Additional paid-in
capital 37,051 37,303 37,363 38,259
Unallocated common
stock held by benefit
plans (5,008) (5,129) (5,182) (5,596)
Retained earnings 52,994 52,470 51,912 50,967
Accumulated other
comprehensive loss (2,547) (2,476) (2,409) (2,872)
--------- --------- -------- ---------
TOTAL SHAREHOLDERS'
EQUITY 82,530 82,209 81,725 80,799
--------- --------- -------- ---------
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY $ 290,013 $ 288,508 $ 282,927 $ 273,785
========= ========= ======== =========
CATALYST BANCORP, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Three Months Ended Six Months Ended
------------------------------------- ------------------------
(Dollars in thousands) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025
----------------------- ----------- ----------- ----------- ----------- -----------
INTEREST INCOME
Loans receivable,
including fees $ 2,686 $ 2,749 $ 2,792 $ 5,435 $ 5,530
Investment securities 567 522 294 1,089 569
Cash and due from banks 309 290 353 599 694
Other earning assets 22 9 22 31 42
------- ------- ------- ------- -------
Total interest income 3,584 3,570 3,461 7,154 6,835
------- ------- ------- ------- -------
INTEREST EXPENSE
Deposits 919 939 925 1,858 1,866
Borrowings 74 86 68 160 136
------- ------- ------- ------- -------
Total interest expense 993 1,025 993 2,018 2,002
------- ------- ------- ------- -------
Net interest income 2,591 2,545 2,468 5,136 4,833
Reversal of credit
losses (104) (70) - (174) -
------- ------- ------- ------- -------
Net interest income
after reversal of
credit losses 2,695 2,615 2,468 5,310 4,833
------- ------- ------- ------- -------
NON-INTEREST INCOME
Service charges on
deposit accounts 204 202 202 406 399
Bank-owned life
insurance 135 134 119 269 237
Other 22 16 23 38 45
------- ------- ------- ------- -------
Total non-interest
income 361 352 344 713 681
------- ------- ------- ------- -------
NON-INTEREST EXPENSE
Salaries and employee
benefits 1,343 1,321 1,262 2,664 2,507
Occupancy and equipment 208 209 208 417 407
Data processing and
communication 183 180 176 363 358
Professional fees 175 185 114 360 215
Directors' fees 124 121 117 245 231
Foreclosed assets, net 11 - 18 11 (109)
Advertising and
marketing 47 33 20 80 59
Other 289 234 263 523 492
------- ------- ------- ------- -------
Total non-interest
expense 2,380 2,283 2,178 4,663 4,160
------- ------- ------- ------- -------
Income before income tax
expense 676 684 634 1,360 1,354
Income tax expense 152 126 113 278 247
------- ------- ------- ------- -------
NET INCOME $ 524 $ 558 $ 521 $ 1,082 $ 1,107
======= ======= ======= ======= =======
Earnings per share:
Basic $ 0.15 $ 0.16 $ 0.14 $ 0.30 $ 0.30
Diluted 0.14 0.15 0.14 0.30 0.30
CATALYST BANCORP, INC.
SELECTED FINANCIAL DATA
(Unaudited)
Three Months Ended Six Months Ended
---------------------------------------------- --------------------------
(Dollars in thousands) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025
------------------------ -------------- -------------- -------------- ------------ ------------
EARNINGS DATA
Total interest income $ 3,584 $ 3,570 $ 3,461 $ 7,154 $ 6,835
Total interest expense 993 1,025 993 2,018 2,002
--------- --------- --------- ------- -------
Net interest income 2,591 2,545 2,468 5,136 4,833
--------- --------- --------- ------- -------
Reversal of credit
losses (104) (70) - (174) -
Total non-interest
income 361 352 344 713 681
Total non-interest
expense 2,380 2,283 2,178 4,663 4,160
Income tax expense 152 126 113 278 247
--------- --------- --------- ------- -------
Net income $ 524 $ 558 $ 521 $ 1,082 $ 1,107
========= ========= ========= ======= =======
AVERAGE BALANCE SHEET
DATA
Total loans $ 163,650 $ 168,545 $ 167,627 $166,084 $166,891
Total interest-earning
assets 269,539 269,834 249,137 269,686 247,920
Total assets 292,262 292,752 270,788 292,506 269,517
Total interest-bearing
deposits 162,854 165,244 149,106 164,042 149,540
Total interest-bearing
liabilities 172,627 176,354 158,725 174,480 159,136
Total deposits 198,754 198,160 179,426 198,458 178,272
Total shareholders'
equity 82,339 82,141 80,611 82,240 80,519
SELECTED RATIOS
Return on average assets 0.72% 0.77% 0.77% 0.75% 0.83%
Return on average equity 2.55 2.76 2.59 2.65 2.77
Efficiency ratio 80.64 78.79 77.46 79.72 76.37
Net interest margin(TE) 3.86 3.83 3.98 3.84 3.93
Average equity to
average assets 28.17 28.06 29.77 28.12 29.88
Common equity Tier 1
capital ratio(1) 43.37 44.29 43.72
Tier 1 leverage capital
ratio(1) 26.55 26.22 27.56
Total risk-based capital
ratio(1) 44.62 45.55 44.98
NON-FINANCIAL DATA
Total employees
(full-time equivalent) 49 49 49
Common shares issued and
outstanding, end of
period 4,034,091 4,058,297 4,142,816
(1) Capital ratios are preliminary end-of-period ratios for the Bank only and
are subject to change.
CATALYST BANCORP, INC.
SELECTED FINANCIAL DATA
(continued)
Three Months Ended Six Months Ended
------------------------------------------- --------------------------
(Dollars in thousands) 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025
----------------------- ------------- ------------- ------------- ----------- -------------
ALLOWANCE FOR CREDIT
LOSSES
Loans:
Beginning balance $ 2,295 $ 2,367 $ 2,500 $ 2,367 $ 2,522
Reversal of credit
losses (109) (35) (27) (144) (10)
Charge-offs (18) (49) (63) (67) (116)
Recoveries 17 12 21 29 35
----- ----- ----- ------- -------
Net charge-offs (1) (37) (42) (38) (81)
----- ----- ----- ------- -------
Ending balance $ 2,185 $ 2,295 $ 2,431 $ 2,185 $ 2,431
===== ===== ===== ======= =======
Unfunded commitments:
Beginning balance $ 176 $ 211 $ 104 $ 211 $ 121
Provision for (reversal
of) credit losses on
unfunded commitments 5 (35) 27 (30) 10
----- ----- ----- ------- -------
Ending balance $ 181 $ 176 $ 131 $ 181 $ 131
===== ===== ===== ======= =======
Total reversal of
credit losses $ (104) $ (70) $ - $ (174) $ -
CREDIT QUALITY(1)
Non-accruing loans $ 2,175 $ 2,432 $ 1,455
Accruing loans 90 days
or more past due 147 246 215
----- ----- -----
Total non-performing
loans 2,322 2,678 1,670
Foreclosed assets 5 34 80
----- ----- -----
Total non-performing
assets $ 2,327 $ 2,712 $ 1,750
===== ===== =====
Total non-performing
loans to total loans 1.43% 1.64% 1.00%
Total non-performing
assets to total assets 0.80 0.94 0.64
(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.