Financial Performance - The company reported net income of $170,000 for the three months ended September 30, 2023, compared to $135,000 for the same period in 2022, representing a 25.9% increase [164]. - For the nine months ended September 30, 2023, net income was $282,000, significantly up from $9,000 in the same period of 2022 [164]. - Total interest income increased by $437,000, or 21.5%, to $2.5 million for the three months ended September 30, 2023, compared to the same period in 2022 [219]. - Net interest income was $2.0 million for the three months ended September 30, 2023, up $102,000, or 5.5%, from the same period in 2022 [223]. - Total interest income for the nine months ended September 30, 2023, increased by $1.1 million, or 19.5%, to $7.1 million compared to the same period in 2022 [232]. - Net interest income was $5.8 million for the nine months ended September 30, 2023, up $410,000, or 7.5%, from the same period in 2022 [236]. - Non-interest income totaled $306,000 for the three months ended September 30, 2023, up $10,000, or 3.4%, compared to $296,000 for the same period in 2022 [226]. - Non-interest income totaled $917,000 for the nine months ended September 30, 2023, up $45,000, or 5.2%, compared to $872,000 for the same period in 2022 [238]. Asset and Loan Management - As of September 30, 2023, total assets were $257.9 million, with total loans of $135.7 million and total deposits of $165.2 million [164]. - Total loans increased by $2.1 million, or 1.5%, to $135.7 million at September 30, 2023, compared to $133.6 million at December 31, 2022 [182]. - Total past due loans amounted to $2,638,000, with $1,473,000 past due 30-89 days and $127,000 past due over 90 days [85]. - Non-performing loans increased to $2.088 million at September 30, 2023, compared to $1.600 million at December 31, 2022 [193]. - Total non-accruing loans increased to $1,961,000 at September 30, 2023, up from $1,494,000 at December 31, 2022, representing a 31.1% increase [199]. - The allowance for loan losses increased to $2.0 million, or 1.50% of total loans, as of September 30, 2023, up from $1.8 million, or 1.35% of total loans, at December 31, 2022 [170]. - The total provision for credit losses on loans and unfunded commitments was zero for the first nine months of 2023 [187]. Deposits and Equity - Total deposits increased slightly by $126, or 0.1%, to $165.220 million at September 30, 2023, from $165.094 million at December 31, 2022 [198]. - Public fund deposits increased to $26.4 million, or 16.0% of total deposits, from $21.0 million, or 12.7% of total deposits, at December 31, 2022 [205]. - Shareholders' equity decreased to $82.2 million, or 31.9% of total assets, down from $88.5 million, or 33.6% of total assets, at December 31, 2022, a decline of 7.1% [208]. - Total uninsured deposits were approximately $45.2 million at September 30, 2023, compared to $43.4 million at December 31, 2022 [206]. Strategic Initiatives - The company’s business strategy has shifted to a relationship-based community bank model targeting small- to mid-sized businesses [163]. - The company aims to continue implementing its business strategies and capitalize on growth opportunities despite economic uncertainties [155]. - The company plans to focus on market expansion and new product development to enhance future performance [102]. Regulatory and Compliance - The Bank exceeded all regulatory capital requirements and was categorized as well-capitalized at September 30, 2023 [256]. - The company adopted ASC 326 on January 1, 2023, which changed the methodology for estimating credit losses on loans [169]. - Future changes in laws, regulations, or government policies may materially impact the company's financial condition and results of operations [165]. Investment and Securities - Net unrealized losses on available-for-sale securities totaled $12.8 million as of September 30, 2023, compared to $11.5 million at December 31, 2022 [174]. - Total investment securities decreased by $7.8 million, or 8.4%, to $85.3 million at September 30, 2023, from $93.1 million at December 31, 2022 [195]. - The fair value of available-for-sale securities decreased to $71,808,000 as of September 30, 2023, from $79,602,000 on December 31, 2022, a decline of about 10% [130].

ITEM 1. FINANCIAL STATEMENTS The accompanying Notes are an integral part of these financial statements. NOTE 1. BASIS OF PRESENTATION NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS Commercial real estate – This category generally consists of loans secured by retail and industrial use buildings, hotels, strip shopping centers and other properties used for commercial purposes. The performance of these loans may be adversely affected by, among other factors, conditions specific to the relevant industry, the real est ...

Title of each class Trading Symbol(s) Name of each exchange on which registered UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40893 (Exact name of registrant as specified in its charter) Louisiana 86 ...

General. At December 31, 2022, our loan portfolio totaled $133.6 million, or 50.7% of total assets. Historically, our principal lending activity has been the origination of loans collateralized by one- to fourfamily, also known as "single-family," residential real estate loans located in our market area. We are currently focused on increasing our commercial loan portfolio by originating commercial real estate and multi-family residential mortgage loans, commercial and industrial loans, and construction and ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock CLST Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40893 CATAL ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock CLST Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40893 CATALYST B ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock CLST Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40893 CATALYST ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _________________. Commission File Number 001-40893 CATALYST BANCORP, INC. (Exact name of registrant as specified in its charter) Registran ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock CLST Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40893 CATAL ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered None N/A N/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 333-254200 CATALYST BANCORP, INC. (Exact name o ...