Welcome to our dedicated page for Catalyst Bancorp SEC filings (Ticker: CLST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Catalyst Bancorp, Inc. filings document the formal reporting record for the parent company of Catalyst Bank. The company’s 8-K reports furnish quarterly results and financial condition updates, including loan portfolio composition, deposit categories, net interest trends, and related exhibits from earnings releases.
Other filings cover capital-structure and governance matters, including common stock repurchase authorizations, annual meeting proxy materials, shareholder voting matters, board and audit committee disclosures, and changes in the company’s independent registered public accounting firm.
Catalyst Bancorp, Inc., through its wholly owned subsidiary Catalyst Bank, entered into three-year employment agreements with Chief Operations Officer Amanda Quebedeaux and Chief Financial Officer Jacques Bourque, effective September 13, 2026 and expiring September 12, 2029, unless renewed or extended by the board.
Quebedeaux’s agreement provides a base salary of $162,500, and Bourque’s agreement provides a base salary of $117,500, each subject to potential increases at the Catalyst Bank board’s discretion. If either executive is involuntarily terminated, or resigns for defined “good reason,” they are entitled to a lump-sum severance equal to 12 months of base salary and up to 12 months of continued health insurance, subject to a release of claims. Upon certain terminations in connection with a change in control, they are entitled to a similar 12‑month salary severance based on the higher of salary at change in control or termination, plus up to 12 months of health coverage. If employment ends due to death, the executive’s estate or beneficiary receives 12 weeks of base salary and continued family health coverage for the same period.
Catalyst Bancorp, Inc. (CLST) director, president and CEO Joseph B. Zanco reported a disposition of 1,158 shares of Common Stock on September 1, 2026, at $17.81 per share, described as a payment of tax liability by delivering or withholding shares from a stock benefit plan distribution.
After this tax-withholding disposition, he holds 37,002 Common shares directly, plus additional indirect holdings through a spouse, 401(k) plan, ESOP, and IRA, and maintains several stock option awards covering underlying shares at exercise prices between $12.08 and $15.96.
Catalyst Bancorp, Inc. (CLST) reported that its chief financial officer, Jacques L.J. Bourque, had 131 shares of common stock withheld on September 1, 2026 at $17.81 per share to pay tax obligations arising from a stock benefit plan distribution. After this tax-withholding disposition, he holds 4,335 common shares directly, plus additional indirect holdings through a 401(k) plan, an employee stock ownership plan and custodial accounts, and retains unexercised stock options over 11,000 shares with exercise prices between about $12 and $16.
Catalyst Bancorp, Inc. (CLST) reported that Chief Operations Officer Amanda B. Quebedeaux had 553 shares of common stock withheld on September 1, 2026 at $17.81 per share to pay tax obligations related to a stock benefit plan distribution. After this, she directly holds 9,579 common shares and also has indirect holdings through the employee stock ownership plan, plus several option awards that vest over time.
Catalyst Bancorp, Inc. (CLST) is the subject of an anticipated proxy solicitation by Joseph Stilwell and affiliated investment entities for the 2027 annual meeting of shareholders. Stilwell and the other participants plan to file a preliminary proxy statement and use a universal proxy card to solicit support for a business proposal and the election of Stilwell’s director nominee.
Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., and Stilwell Partners, L.P. together report 364,085 shares of common stock of Catalyst Bancorp that may be deemed beneficially owned through Stilwell Value LLC and Joseph Stilwell. Individual participants include Joseph Stilwell, Mark D. Alcott, and Corissa B. Porcelli. The group states that detailed proxy materials will be provided to shareholders and available from the SEC.
Catalyst Bancorp, Inc. (CLST) is the subject of this third amendment to a Schedule 13D by the Stilwell Group and nominee Mark D. Alcott. The group reports beneficial ownership of 364,085 shares of common stock, representing 9.0% of the 4,033,791 shares outstanding as of August 12, 2026. Alcott directly owns an additional 1,000 shares, or 0.02%.
The filers state their purpose is to profit from appreciation in Catalyst Bancorp’s stock by asserting shareholder rights and express the view that the company’s asset value is not adequately reflected in the current share price. They have notified the company of their intent to nominate Mark D. Alcott as director at the 2027 annual meeting, with Corissa B. Porcelli as alternate, and have entered into nominee agreements covering expense reimbursement and indemnification.
The group has also submitted a non-binding “Sale Proposal” asking shareholders to approve a request that the board take all necessary steps to promptly effectuate a sale of Catalyst Bancorp. In connection with Alcott’s nomination, the Stilwell entities granted him an option to purchase up to 50,000 shares of common stock beneficially owned by the group at a price of $17.37 per share, vesting the day after the 2027 annual meeting.
Catalyst Bancorp, Inc. (CLST) disclosed that its wholly owned subsidiary, Catalyst Bank, entered into a new employment agreement with President and Chief Executive Officer Joseph B. Zanco effective August 17, 2026, replacing his prior agreement and running through August 17, 2029, with potential extensions subject to board review.
The agreement provides a base salary of $350,000, potential discretionary increases, and eligibility for the maximum allocation currently set at 25% of the stock option and restricted stock compensation pools. Mr. Zanco also receives $500,000 in additional life insurance and a supplemental benefit of $750,000 vesting over 15 years under a prior Restricted Executive Benefit Agreement.
If employment is involuntarily terminated without cause or for specified “good reason,” Mr. Zanco is entitled to a lump-sum severance equal to 12 months of base salary and continued health coverage for up to 12 months, subject to a release. If such a termination occurs on or within 30 days after a change in control, severance increases to a lump sum equal to 36 months of the greater of base salary at the change in control or termination, plus up to 36 months of health coverage. Upon death, his estate would receive 12 weeks of base salary and continued family health coverage for the same period.
Catalyst Bancorp, Inc. reported stable performance for the quarter ended June 30, 2026. Total assets were $290.0 million, up from $282.9 million at December 31, 2025, driven by higher cash and investment securities. Net loans declined to $160.6 million from $167.8 million as construction and commercial balances ran off or converted.
For the three months ended June 30, 2026, net interest income was $2.6 million, with total interest income of $3.6 million and interest expense of $1.0 million. A $104 thousand reversal of credit losses boosted results, leading to quarterly net income of $524 thousand, similar to $521 thousand a year earlier, and diluted EPS of $0.14. For the first half of 2026, net income was $1.1 million and diluted EPS was $0.30.
Asset quality metrics remained controlled. The allowance for credit losses on loans decreased to $2.2 million, reflecting portfolio contraction and lower classified balances. Non-accrual loans totaled $2.2 million, and loans with modifications for borrowers experiencing financial difficulty were $662 thousand. Deposits increased to $196.4 million, while FHLB borrowings declined to $9.8 million, with $53.9 million of remaining FHLB capacity.
Catalyst Bancorp, Inc. reported net income of $524,000 for the quarter ended June 30, 2026, or $0.14 per diluted share, compared with $558,000 and $0.15 in the prior quarter. Results included $87,000 of pre-tax merger-related expenses tied to the July 14, 2026 acquisition of Lakeside Bancshares, Inc.
Loans totaled $162.8 million and deposits $196.4 million at June 30, 2026, producing an 83% loan-to-deposit ratio. Credit quality improved as non-performing assets declined to $2.3 million, 0.80% of total assets, and non-performing loans fell to 1.43% of total loans, with most NPLs in one- to four-family mortgages.
Net interest margin rose to 3.86%, supported by higher-yielding securities, including $6.0 million of subordinated bank holding company debt purchased at a 6.3% weighted average yield, and lower interest expense. Shareholders’ equity was $82.5 million, 28.5% of assets, and is estimated at $78.7 million, or 12.5% of total assets, after the Lakeside merger. The company repurchased 24,206 shares in the quarter and had 4,034,091 shares outstanding at period-end.
Catalyst Bancorp, Inc. completed the cash acquisition of Lakeside Bancshares, Inc. and its subsidiary Lakeside Bank effective July 14, 2026, under a previously announced Agreement and Plan of Share Exchange and Merger. Lakeside shareholders, other than Dissenting Shares, receive $19.58 in cash per share, or $41.1 million in total. As of March 31, 2026, Lakeside Bank had $375.7 million in assets, $229.8 million in loans, $277.6 million in deposits and four full-service branches in Calcasieu Parish.
Based on March 31, 2026 data, the acquisition increases Catalyst Bank’s size to approximately $620 million in assets, with $390 million in loans and $478 million in deposits, and adds four branch locations in Southwest Louisiana. Catalyst plans to convert Lakeside’s branch and operating systems to those of Catalyst Bank in November 2026.
Catalyst states that financial statements of the business acquired and related pro forma financial information will be provided in an amendment within the permitted 71-day period and highlights typical forward-looking risks around integration, cost savings, and potential disruption to relationships.