Catalyst Bancorp, Inc. Announces 2025 Second Quarter Results
Catalyst Bancorp (NASDAQ: CLST) reported Q2 2025 net income of $521,000, down from $586,000 in Q1 2025. The bank showed modest growth with total loans increasing to $167.6 million, up $1.5 million (1%) from Q1, while deposits grew to $182.2 million, up $1.6 million (1%).
Key financial metrics include a net interest margin of 3.98% (up 9 basis points), and an allowance for credit losses of $2.4 million (1.45% of total loans). The company maintained strong capital levels with consolidated shareholders' equity at $80.8 million (29.5% of total assets) and continued its share repurchase program, buying back 62,385 shares at an average cost of $11.91 per share.
Non-performing assets remained stable at $1.8 million (0.64% of total assets), with 99% of non-performing loans in residential mortgages.Catalyst Bancorp (NASDAQ: CLST) ha riportato un utile netto di 521.000 $ nel secondo trimestre del 2025, in calo rispetto ai 586.000 $ del primo trimestre 2025. La banca ha mostrato una crescita moderata con i prestiti totali che sono saliti a 167,6 milioni di $, in aumento di 1,5 milioni di $ (1%) rispetto al primo trimestre, mentre i depositi sono cresciuti a 182,2 milioni di $, con un incremento di 1,6 milioni di $ (1%).
I principali indicatori finanziari includono un margine di interesse netto del 3,98% (in crescita di 9 punti base) e un accantonamento per perdite su crediti di 2,4 milioni di $ (1,45% del totale prestiti). La società ha mantenuto solidi livelli di capitale con il patrimonio netto consolidato degli azionisti pari a 80,8 milioni di $ (29,5% del totale attivo) e ha proseguito il programma di riacquisto azionario, riacquistando 62.385 azioni a un costo medio di 11,91 $ per azione.
Le attività non performanti sono rimaste stabili a 1,8 milioni di $ (0,64% del totale attivo), con il 99% dei prestiti non performanti costituiti da mutui residenziali.
Catalyst Bancorp (NASDAQ: CLST) reportó un ingreso neto de 521,000 $ en el segundo trimestre de 2025, una disminución respecto a los 586,000 $ del primer trimestre de 2025. El banco mostró un crecimiento moderado con préstamos totales que aumentaron a 167.6 millones de $, un incremento de 1.5 millones de $ (1%) desde el primer trimestre, mientras que los depósitos crecieron a 182.2 millones de $, un aumento de 1.6 millones de $ (1%).
Las métricas financieras clave incluyen un margen neto de interés del 3.98% (un aumento de 9 puntos básicos) y una provisión para pérdidas crediticias de 2.4 millones de $ (1.45% del total de préstamos). La empresa mantuvo niveles sólidos de capital con el patrimonio neto consolidado de los accionistas en 80.8 millones de $ (29.5% del total de activos) y continuó su programa de recompra de acciones, recomprando 62,385 acciones a un costo promedio de 11.91 $ por acción.
Los activos no productivos permanecieron estables en 1.8 millones de $ (0.64% del total de activos), con el 99% de los préstamos no productivos en hipotecas residenciales.
Catalyst Bancorp (NASDAQ: CLST)는 2025년 2분기 순이익이 521,000달러로, 2025년 1분기 586,000달러에서 감소했다고 보고했습니다. 은행은 총 대출금이 1억 6,760만 달러로 1분기 대비 150만 달러(1%) 증가하며 소폭 성장했으며, 예금은 1억 8,220만 달러로 160만 달러(1%) 증가했습니다.
주요 재무 지표로는 순이자마진 3.98% (9bp 상승)과 대손충당금 240만 달러 (총 대출의 1.45%)가 포함됩니다. 회사는 총자산 대비 29.5%인 8,080만 달러의 통합 주주지분으로 강한 자본 수준을 유지했으며, 주당 평균 11.91달러에 62,385주를 자사주 매입 프로그램을 통해 계속해서 매입했습니다.
부실 자산은 총자산의 0.64%인 180만 달러로 안정적이었으며, 부실 대출의 99%는 주택담보대출에 집중되어 있습니다.
Catalyst Bancorp (NASDAQ: CLST) a annoncé un bénéfice net de 521 000 $ au deuxième trimestre 2025, en baisse par rapport à 586 000 $ au premier trimestre 2025. La banque a affiché une croissance modeste avec un total de prêts atteignant 167,6 millions de $, en hausse de 1,5 million de $ (1 %) par rapport au premier trimestre, tandis que les dépôts ont augmenté à 182,2 millions de $, soit une hausse de 1,6 million de $ (1 %).
Les principaux indicateurs financiers comprennent une marge nette d’intérêt de 3,98 % (en hausse de 9 points de base) et une provision pour pertes sur prêts de 2,4 millions de $ (1,45 % du total des prêts). La société a maintenu des niveaux de capital solides avec des capitaux propres consolidés des actionnaires de 80,8 millions de $ (29,5 % du total des actifs) et a poursuivi son programme de rachat d’actions, rachetant 62 385 actions à un coût moyen de 11,91 $ par action.
Les actifs non performants sont restés stables à 1,8 million de $ (0,64 % du total des actifs), 99 % des prêts non performants étant des prêts hypothécaires résidentiels.
Catalyst Bancorp (NASDAQ: CLST) meldete für das zweite Quartal 2025 einen Nettogewinn von 521.000 $, was einem Rückgang gegenüber 586.000 $ im ersten Quartal 2025 entspricht. Die Bank verzeichnete ein moderates Wachstum, wobei die Gesamtkredite auf 167,6 Millionen $ anstiegen, ein Plus von 1,5 Millionen $ (1%) gegenüber dem ersten Quartal, während die Einlagen auf 182,2 Millionen $ stiegen, ein Zuwachs von 1,6 Millionen $ (1%).
Wichtige Finanzkennzahlen umfassen eine Nettozinsmarge von 3,98% (plus 9 Basispunkte) und eine Rückstellung für Kreditausfälle von 2,4 Millionen $ (1,45% der Gesamtkredite). Das Unternehmen hielt starke Kapitalquoten mit einem konsolidierten Eigenkapital der Aktionäre von 80,8 Millionen $ (29,5% der Gesamtaktiva) und setzte sein Aktienrückkaufprogramm fort, indem es 62.385 Aktien zu einem durchschnittlichen Preis von 11,91 $ pro Aktie zurückkaufte.
Die notleidenden Vermögenswerte blieben stabil bei 1,8 Millionen $ (0,64% der Gesamtaktiva), wobei 99% der notleidenden Kredite Wohnungsbaukredite waren.
- Net interest margin improved to 3.98%, up 9 basis points from previous quarter
- Strong capital position with shareholders' equity at 29.5% of total assets
- Loan growth of $1.5 million and deposit growth of $1.6 million quarter-over-quarter
- Low non-performing assets ratio at 0.64% of total assets
- Net income decreased to $521,000 from $586,000 in previous quarter
- Non-interest income declined 38% quarter-over-quarter to $344,000
- Net loan charge-offs increased slightly to $42,000 from $39,000 in previous quarter
Insights
Catalyst Bancorp reported modest growth but declining profits; strong capital position mitigates concerns about slight deterioration in asset quality.
Catalyst Bancorp reported
The loan portfolio underwent significant composition shifts rather than substantial growth. Commercial real estate loans surged
Credit quality metrics showed marginal deterioration with non-performing assets increasing slightly to
Net interest margin improved to
The bank maintains an exceptionally strong capital position with equity at
"We're pleased to see both loan and deposit growth during the quarter," said Joe Zanco, President and Chief Executive Officer of the Company and Bank. "When given the opportunity to earn new business, our success rate remains strong. Our team continues to build momentum across our markets."
Loans
Loans totaled
(Dollars in thousands) | 6/30/2025 | 3/31/2025 | Change | |||||||||
Real estate loans | ||||||||||||
One- to four-family residential | $ | 80,195 | $ | 82,025 | $ | (1,830) | (2) | % | ||||
Commercial real estate | 33,976 | 22,103 | 11,873 | 54 | ||||||||
Construction and land | 20,650 | 32,038 | (11,388) | (36) | ||||||||
Multi-family residential | 5,432 | 2,530 | 2,902 | 115 | ||||||||
Total real estate loans | 140,253 | 138,696 | 1,557 | 1 | ||||||||
Other loans | ||||||||||||
Commercial and industrial | 25,035 | 25,447 | (412) | (2) | % | |||||||
Consumer | 2,281 | 1,934 | 347 | 18 | ||||||||
Total other loans | 27,316 | 27,381 | (65) | - | ||||||||
Total loans | $ | 167,569 | $ | 166,077 | $ | 1,492 | 1 | |||||
In the second quarter of 2025, four construction loans totaling
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) | 6/30/2025 | 3/31/2025 | Change | |||||||||
Commercial real estate | ||||||||||||
Retail | $ | 9,739 | $ | 3,723 | $ | 6,016 | 162 | % | ||||
Hospitality | 5,849 | 3,342 | 2,507 | 75 | ||||||||
Health service facilities | 3,345 | 389 | 2,956 | 760 | ||||||||
Restaurants | 1,049 | 1,070 | (21) | (2) | ||||||||
Oilfield services | 384 | 393 | (9) | (2) | ||||||||
Other non-owner occupied | 2,648 | 2,479 | 169 | 7 | ||||||||
Other owner occupied | 10,962 | 10,707 | 255 | 2 | ||||||||
Total commercial real estate | $ | 33,976 | $ | 22,103 | $ | 11,873 | 54 | |||||
Construction and land | ||||||||||||
Multi-family residential | $ | 8,997 | $ | 11,297 | $ | (2,300) | (20) | % | ||||
Health service facilities | 7,649 | 8,626 | (977) | (11) | ||||||||
Hospitality | - | 2,716 | (2,716) | (100) | ||||||||
Retail | - | 6,077 | (6,077) | (100) | ||||||||
Other commercial construction and land | 1,782 | 1,791 | (9) | (1) | ||||||||
Consumer residential construction and land | 2,222 | 1,531 | 691 | 45 | ||||||||
Total construction and land | $ | 20,650 | $ | 32,038 | $ | (11,388) | (36) | |||||
Commercial and industrial | ||||||||||||
Oilfield services | $ | 8,081 | $ | 8,474 | $ | (393) | (5) | % | ||||
Industrial equipment | 8,453 | 8,285 | 168 | 2 | ||||||||
Professional services | 3,146 | 3,119 | 27 | 1 | ||||||||
Other commercial and industrial | 5,355 | 5,569 | (214) | (4) | ||||||||
Total commercial and industrial loans | $ | 25,035 | $ | 25,447 | $ | (412) | (2) | |||||
Credit Quality and Allowance for Credit Losses
At June 30, 2025, non-performing assets ("NPAs") totaled
At June 30, 2025, the allowance for credit losses on loans totaled
Deposits
Total deposits were
(Dollars in thousands) | 6/30/2025 | 3/31/2025 | Change | |||||||||
Non-interest-bearing demand deposits | $ | 31,155 | $ | 26,093 | $ | 5,062 | 19 | % | ||||
Interest-bearing demand deposits | 35,307 | 42,737 | (7,430) | (17) | ||||||||
Money market | 9,437 | 9,737 | (300) | (3) | ||||||||
Savings | 51,001 | 42,542 | 8,459 | 20 | ||||||||
Certificates of deposit | 55,311 | 59,489 | (4,178) | (7) | ||||||||
Total deposits | $ | 182,211 | $ | 180,598 | $ | 1,613 | 1 | |||||
The ratio of the Company's total loans to total deposits was
Total public fund deposits amounted to
Capital and Share Repurchases
At June 30, 2025 and March 31, 2025, consolidated shareholders' equity totaled
The Company repurchased 62,385 shares of its common stock at an average cost per share of
Net Interest Income
The net interest margin for the second quarter of 2025 was
Net interest income for the second quarter of 2025 was
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
Three Months Ended | ||||||||||||||||||
6/30/2025 | 3/31/2025 | |||||||||||||||||
(Dollars in thousands) | Average | Interest | Average | Average | Interest | Average | ||||||||||||
INTEREST-EARNING ASSETS | ||||||||||||||||||
Loans receivable(1) | $ | 167,627 | $ | 2,792 | 6.68 | % | $ | 166,145 | $ | 2,738 | 6.68 | % | ||||||
Investment securities(2) | 48,285 | 294 | 2.49 | 46,960 | 275 | 2.35 | ||||||||||||
Other interest earning assets | 33,225 | 375 | 4.53 | 33,585 | 361 | 4.36 | ||||||||||||
Total interest-earning assets | $ | 249,137 | $ | 3,461 | 5.58 | $ | 246,690 | $ | 3,374 | 5.54 | ||||||||
INTEREST-BEARING LIABILITIES | ||||||||||||||||||
Demand deposits, money market, and savings accounts | $ | 92,088 | $ | 466 | 2.03 | % | $ | 94,133 | $ | 483 | 2.08 | % | ||||||
Certificates of deposit | 57,018 | 459 | 3.23 | 55,846 | 458 | 3.32 | ||||||||||||
Total interest-bearing deposits | 149,106 | 925 | 2.49 | 149,979 | 941 | 2.54 | ||||||||||||
Borrowings | 9,619 | 68 | 2.84 | 9,573 | 68 | 2.85 | ||||||||||||
Total interest-bearing liabilities | $ | 158,725 | $ | 993 | 2.51 | $ | 159,552 | $ | 1,009 | 2.56 | ||||||||
Net interest-earning assets | $ | 90,412 | $ | 87,138 | ||||||||||||||
Net interest income; average interest rate spread | $ | 2,468 | 3.07 | % | $ | 2,365 | 2.98 | % | ||||||||||
Net interest margin(3) | 3.98 | 3.89 | ||||||||||||||||
(1) | Includes non-accrual loans during the respective periods. Calculated net of deferred fees and discounts and loans in-process. |
(2) | Average investment securities does 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 |
Non-interest Income
Non-interest income for the second quarter of 2025 totaled
Non-interest Expense
Non-interest expense for the second quarter of 2025 totaled
Foreclosed assets expense for the second quarter of 2025 included a write-down on foreclosed assets of
Other non-interest expense totaled
About Catalyst Bancorp, Inc.
Catalyst Bancorp, Inc. (Nasdaq: CLST) is a
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 expectation 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, 2024, 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. AND SUBSIDIARY | ||||||||||||
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION | ||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||
(Dollars in thousands) | 6/30/2025 | 3/31/2025 | 12/31/2024 | 6/30/2024 | ||||||||
ASSETS | ||||||||||||
Non-interest-bearing cash | $ | 4,024 | $ | 4,128 | $ | 4,076 | $ | 4,952 | ||||
Interest-bearing cash and due from banks | 36,032 | 36,190 | 40,219 | 70,503 | ||||||||
Total cash and cash equivalents | 40,056 | 40,318 | 44,295 | 75,455 | ||||||||
Investment securities: | ||||||||||||
Securities available-for-sale, at fair value | 29,294 | 29,840 | 28,712 | 29,748 | ||||||||
Securities held-to-maturity | 14,948 | 13,445 | 13,447 | 13,454 | ||||||||
Loans receivable, net of unearned income | 167,569 | 166,077 | 167,076 | 153,266 | ||||||||
Allowance for credit losses | (2,431) | (2,500) | (2,522) | (2,215) | ||||||||
Loans receivable, net | 165,138 | 163,577 | 164,554 | 151,051 | ||||||||
Accrued interest receivable | 883 | 866 | 851 | 737 | ||||||||
Foreclosed assets | 80 | 77 | 194 | 104 | ||||||||
Premises and equipment, net | 5,977 | 6,049 | 6,085 | 6,114 | ||||||||
Stock in correspondent banks, at cost | 825 | 809 | 1,961 | 1,919 | ||||||||
Bank-owned life insurance | 14,726 | 14,607 | 14,489 | 14,252 | ||||||||
Other assets | 1,858 | 2,060 | 2,109 | 2,499 | ||||||||
TOTAL ASSETS | $ | 273,785 | $ | 271,648 | $ | 276,697 | $ | 295,333 | ||||
LIABILITIES | ||||||||||||
Deposits: | ||||||||||||
Non-interest-bearing | $ | 31,155 | $ | 26,093 | $ | 28,281 | $ | 30,177 | ||||
Interest-bearing | 151,056 | 154,505 | 157,393 | 149,888 | ||||||||
Total deposits | 182,211 | 180,598 | 185,674 | 180,065 | ||||||||
Borrowings | 9,647 | 9,603 | 9,558 | 30,261 | ||||||||
Other liabilities | 1,128 | 856 | 1,261 | 3,994 | ||||||||
TOTAL LIABILITIES | 192,986 | 191,057 | 196,493 | 214,320 | ||||||||
SHAREHOLDERS' EQUITY | ||||||||||||
Common stock | 41 | 42 | 43 | 45 | ||||||||
Additional paid-in capital | 38,259 | 38,844 | 39,561 | 41,914 | ||||||||
Unallocated common stock held by benefit plans | (5,596) | (5,649) | (5,702) | (6,116) | ||||||||
Retained earnings | 50,967 | 50,446 | 49,860 | 48,787 | ||||||||
Accumulated other comprehensive loss | (2,872) | (3,092) | (3,558) | (3,617) | ||||||||
TOTAL SHAREHOLDERS' EQUITY | 80,799 | 80,591 | 80,204 | 81,013 | ||||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 273,785 | $ | 271,648 | $ | 276,697 | $ | 295,333 | ||||
CATALYST BANCORP, INC. AND SUBSIDIARY | |||||||||||||||
CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||||
(Unaudited) | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||
(Dollars in thousands) | 6/30/2025 | 3/31/2025 | 6/30/2024 | 6/30/2025 | 6/30/2024 | ||||||||||
INTEREST INCOME | |||||||||||||||
Loans receivable, including fees | $ | 2,792 | $ | 2,738 | $ | 2,383 | $ | 5,530 | $ | 4,597 | |||||
Investment securities | 294 | 275 | 210 | 569 | 535 | ||||||||||
Cash and due from banks | 353 | 341 | 912 | 694 | 1,506 | ||||||||||
Other | 22 | 20 | 20 | 42 | 42 | ||||||||||
Total interest income | 3,461 | 3,374 | 3,525 | 6,835 | 6,680 | ||||||||||
INTEREST EXPENSE | |||||||||||||||
Deposits | 925 | 941 | 771 | 1,866 | 1,540 | ||||||||||
Borrowings | 68 | 68 | 306 | 136 | 599 | ||||||||||
Total interest expense | 993 | 1,009 | 1,077 | 2,002 | 2,139 | ||||||||||
Net interest income | 2,468 | 2,365 | 2,448 | 4,833 | 4,541 | ||||||||||
Provision for credit losses | - | - | 99 | - | 194 | ||||||||||
Net interest income after provision for credit losses | 2,468 | 2,365 | 2,349 | 4,833 | 4,347 | ||||||||||
NON-INTEREST INCOME (LOSS) | |||||||||||||||
Service charges on deposit accounts | 202 | 197 | 194 | 399 | 397 | ||||||||||
Bank-owned life insurance | 119 | 118 | 113 | 237 | 226 | ||||||||||
Loss on sales of investment securities | - | - | - | - | (5,507) | ||||||||||
Other income on foreclosed assets | - | 216 | - | 216 | - | ||||||||||
(Loss) gain on sale of fixed assets | - | - | (5) | - | 6 | ||||||||||
Other | 23 | 22 | 64 | 45 | 81 | ||||||||||
Total non-interest income (loss) | 344 | 553 | 366 | 897 | (4,797) | ||||||||||
NON-INTEREST EXPENSE | |||||||||||||||
Salaries and employee benefits | 1,262 | 1,245 | 1,143 | 2,507 | 2,403 | ||||||||||
Occupancy and equipment | 208 | 199 | 183 | 407 | 379 | ||||||||||
Data processing and communication | 176 | 182 | 138 | 358 | 932 | ||||||||||
Professional fees | 114 | 101 | 117 | 215 | 224 | ||||||||||
Directors' fees | 117 | 114 | 114 | 231 | 229 | ||||||||||
ATM and debit card | 29 | 22 | 31 | 51 | 100 | ||||||||||
Foreclosed assets, net | 18 | 89 | 26 | 107 | 34 | ||||||||||
Advertising and marketing | 20 | 39 | 43 | 59 | 81 | ||||||||||
Other | 234 | 207 | 273 | 441 | 477 | ||||||||||
Total non-interest expense | 2,178 | 2,198 | 2,068 | 4,376 | 4,859 | ||||||||||
Income (loss) before income tax expense (benefit) | 634 | 720 | 647 | 1,354 | (5,309) | ||||||||||
Income tax expense (benefit) | 113 | 134 | 120 | 247 | (1,147) | ||||||||||
NET INCOME (LOSS) | $ | 521 | $ | 586 | $ | 527 | $ | 1,107 | $ | (4,162) | |||||
Earnings (loss) per share: | |||||||||||||||
Basic | $ | 0.14 | $ | 0.16 | $ | 0.13 | $ | 0.30 | $ | (1.03) | |||||
Diluted | 0.14 | 0.16 | 0.13 | 0.30 | (1.03) | ||||||||||
CATALYST BANCORP, INC. AND SUBSIDIARY | ||||||||||||||||||||
SELECTED FINANCIAL DATA | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
(Dollars in thousands) | 6/30/2025 | 3/31/2025 | 6/30/2024 | 6/30/2025 | 6/30/2024 | |||||||||||||||
EARNINGS DATA | ||||||||||||||||||||
Total interest income | $ | 3,461 | $ | 3,374 | $ | 3,525 | $ | 6,835 | $ | 6,680 | ||||||||||
Total interest expense | 993 | 1,009 | 1,077 | 2,002 | 2,139 | |||||||||||||||
Net interest income | 2,468 | 2,365 | 2,448 | 4,833 | 4,541 | |||||||||||||||
Provision for credit losses | - | - | 99 | - | 194 | |||||||||||||||
Total non-interest income (loss) | 344 | 553 | 366 | 897 | (4,797) | |||||||||||||||
Total non-interest expense | 2,178 | 2,198 | 2,068 | 4,376 | 4,859 | |||||||||||||||
Income tax expense (benefit) | 113 | 134 | 120 | 247 | (1,147) | |||||||||||||||
Net income (loss) | $ | 521 | $ | 586 | $ | 527 | $ | 1,107 | $ | (4,162) | ||||||||||
AVERAGE BALANCE SHEET DATA | ||||||||||||||||||||
Total loans | $ | 167,627 | $ | 166,145 | $ | 150,257 | $ | 166,891 | $ | 147,342 | ||||||||||
Total interest-earning assets | 249,137 | 246,690 | 264,776 | 247,920 | 267,306 | |||||||||||||||
Total assets | 270,788 | 268,232 | 285,773 | 269,517 | 286,240 | |||||||||||||||
Total interest-bearing deposits | 149,106 | 149,979 | 143,611 | 149,540 | 144,906 | |||||||||||||||
Total interest-bearing liabilities | 158,725 | 159,552 | 173,079 | 159,136 | 173,636 | |||||||||||||||
Total deposits | 179,426 | 177,106 | 173,326 | 178,272 | 173,990 | |||||||||||||||
Total shareholders' equity | 80,611 | 80,426 | 80,965 | 80,519 | 81,816 | |||||||||||||||
SELECTED RATIOS | ||||||||||||||||||||
Return on average assets | 0.77 | % | 0.89 | % | 0.74 | % | 0.83 | % | (2.92) | % | ||||||||||
Return on average equity | 2.59 | 2.96 | 2.62 | 2.77 | (10.23) | |||||||||||||||
Efficiency ratio | 77.46 | 75.31 | 73.47 | 76.37 | (1,901.18) | |||||||||||||||
Net interest margin(TE) | 3.98 | 3.89 | 3.72 | 3.93 | 3.42 | |||||||||||||||
Average equity to average assets | 29.77 | 29.98 | 28.33 | 29.88 | 28.58 | |||||||||||||||
Common equity Tier 1 capital ratio(1) | 43.72 | 46.95 | 49.09 | |||||||||||||||||
Tier 1 leverage capital ratio(1) | 27.56 | 29.45 | 26.88 | |||||||||||||||||
Total risk-based capital ratio(1) | 44.98 | 48.20 | 50.34 | |||||||||||||||||
NON-FINANCIAL DATA | ||||||||||||||||||||
Total employees (full-time equivalent) | 49 | 49 | 47 | |||||||||||||||||
Common shares issued and outstanding, end of period | 4,142,816 | 4,205,201 | 4,478,527 | |||||||||||||||||
(1) Capital ratios are preliminary end-of-period ratios for the Bank only and are subject to change. |
CATALYST BANCORP, INC. AND SUBSIDIARY | ||||||||||||||||||||
SELECTED FINANCIAL DATA | ||||||||||||||||||||
(continued) | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
(Dollars in thousands) | 6/30/2025 | 3/31/2025 | 6/30/2024 | 6/30/2025 | 6/30/2024 | |||||||||||||||
ALLOWANCE FOR CREDIT LOSSES | ||||||||||||||||||||
Loans: | ||||||||||||||||||||
Beginning balance | $ | 2,500 | $ | 2,522 | $ | 2,068 | $ | 2,522 | $ | 2,124 | ||||||||||
Provision for credit losses | (27) | 17 | 185 | (10) | 227 | |||||||||||||||
Charge-offs | (63) | (53) | (57) | (116) | (180) | |||||||||||||||
Recoveries | 21 | 14 | 19 | 35 | 44 | |||||||||||||||
Net (charge-offs) recoveries | (42) | (39) | (38) | (81) | (136) | |||||||||||||||
Ending balance | $ | 2,431 | $ | 2,500 | $ | 2,215 | $ | 2,431 | $ | 2,215 | ||||||||||
Unfunded commitments: | ||||||||||||||||||||
Beginning balance | $ | 104 | $ | 121 | $ | 310 | 121 | 257 | ||||||||||||
Provision for (reversal of) credit losses on unfunded commitments | 27 | (17) | (86) | 10 | (33) | |||||||||||||||
Ending balance | $ | 131 | $ | 104 | $ | 224 | $ | 131 | $ | 224 | ||||||||||
Total provision for credit losses | $ | - | $ | - | $ | 99 | $ | - | $ | 194 | ||||||||||
CREDIT QUALITY(1) | ||||||||||||||||||||
Non-accruing loans | $ | 1,455 | $ | 1,554 | $ | 1,560 | ||||||||||||||
Accruing loans 90 days or more past due | 215 | 91 | 40 | |||||||||||||||||
Total non-performing loans | 1,670 | 1,645 | 1,600 | |||||||||||||||||
Foreclosed assets | 80 | 77 | 104 | |||||||||||||||||
Total non-performing assets | $ | 1,750 | $ | 1,722 | $ | 1,704 | ||||||||||||||
Total non-performing loans to total loans | 1.00 | % | 0.99 | % | 1.04 | % | ||||||||||||||
Total non-performing assets to total assets | 0.64 | 0.63 | 0.58 | |||||||||||||||||
(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.
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