Catalyst Bancorp Inc 2025年季度报告

UNITED STATES SECURITIES AND EXCHANGECOMMISSION ☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the quarterly period endedMarch 31, 2025☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the transition period fromto Commission file number:001-40893 CATALYST BANCORP, INC.(Exact name of registrant as specified in its charter) 86-2411762 (I.R.S. Employer Identification No.) 235 N. Court Street, Opelousas, Louisiana 70570(Address of principal executive offices; Zip Code)(337) 948-3033(Registrant’s telephone number, including area code)None(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 and 15(d) of theExchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ There were 4,180,598 shares of Registrant’s common stock, par value of $0.01 per share, issued and outstanding as of May 9,2025. CATALYST BANCORP, INC.FORM 10-QTABLE OF CONTENTS PART IFINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Consolidated Statements of Financial Condition2Consolidated Statements of Income (Loss)3Consolidated Statements of Comprehensive Income (Loss)4Consolidated Statements of Changes in Shareholders' Equity5Consolidated Statements of Cash Flows6Notes to Unaudited Consolidated Financial Statements7Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures about Market Risk41Item 4.Controls and Procedures41PART IIOTHER INFORMATION42Item 1.Legal Proceedings42Item 1A. Risk Factors42Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42Item 3.Defaults Upon Senior Securities42Item 4.Mine Safety Disclosures42Item 5Other Information43Item 6.Exhibits44SIGNATURES45 PART I. FINANCIAL INFORMATION CATALYST BANCORP, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION The accompanying Notes are an integral part of these financial statements. CATALYST BANCORP, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF INCOME (LOSS)(Unaudited) CATALYST BANCORP, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Unaudited) CATALYST BANCORP, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY(Unaudited) CATALYST BANCORP, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) The accompanying Notes are an integral part of these financial statements. CATALYST BANCORP, INC. AND SUBSIDIARYNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1. SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Catalyst Bancorp, Inc. (“Catalyst Bancorp” or the “Company”) is the holding company for Catalyst Bank (the“Bank”), formerly known as St. Landry Homestead Federal Savings Bank. The Bank has been in operation in theAcadiana region of south-central Louisiana since 1922 and offers commercial and retail banking products throughsix full-service locations. The Company was incorporated by the Bank in February 2021 as part of the conversion of the Bank from the mutualto the stock form of organization (the “Conversion”). The Conversion was completed on October 12, 2021, at whichtime the Company acquired all of the issued and outstanding shares of common stock of the Bank and became theholding company for the Bank. Shares of the Company’s common stock were issued and sold in an offering tocertain depositors of the Bank and others. The Company was not engaged in operations and had not issued anyshares of stock prior to the completion of the Conversion. As used in this report, unless the context otherwise requires, the te