Catalyst Bancorp(CLST) - 2023 Q2 - Quarterly Report

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 ...