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. 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.
Catalyst Bancorp, Inc., parent of Catalyst Bank, announced that Lakeside Bancshares shareholders have approved their pending merger and that all required regulatory approvals have been received. The mergers of Lakeside into Catalyst and Lakeside Bank into Catalyst Bank are expected to close on or about July 14, 2026, subject to remaining closing conditions in the merger agreement.
Catalyst Bancorp is a Louisiana bank holding company with $288.5 million in assets as of March 31, 2026, operating six full-service branches in the Acadiana region. Both the 8-K and the attached press release emphasize customary forward-looking statement cautions and outline integration, timing and execution risks related to the transaction.
Catalyst Bancorp, Inc. Chief Operations Officer Amanda B. Quebedeaux reported routine equity compensation and related tax withholding. She received 1,000 shares of common stock at no cost and a grant of 2,000 stock options with a $15.96 exercise price, both vesting 20% per year starting on June 10, 2027.
To cover taxes on a stock benefit distribution, 131 shares were disposed of at $15.96 per share, described as solely for tax obligations. After these transactions, she directly holds 10,132 common shares and indirectly 4,282.651 ESOP shares, plus options for 4,000 shares at $12.08, 21,160 shares at $13.30, and the new 2,000-share grant.
Catalyst Bancorp, Inc. chief risk officer Don P. Ledet reported equity compensation activity and updated holdings. He received a grant of 1,000 shares of common stock and 2,000 stock options with a $15.96 exercise price that vest 20% per year starting on June 10, 2027. To cover tax obligations, 131 shares were withheld at $15.96 per share, leaving him with 12,706 directly owned shares plus additional shares held through an ESOP and previously granted, unvested awards. He also continues to hold options on 4,000 shares at $12.08 and 21,160 shares at $11.30 with expirations in 2035 and 2033, respectively.
Catalyst Bancorp, Inc. chief financial officer Jacques L.J. Bourque reported compensation-related stock activity. He received a grant of 1,000 shares of common stock and a grant of stock options for 2,000 shares at an exercise price of $15.96 per share, both at no cost to him.
To cover related tax obligations, 131 shares were disposed of at $15.96 per share. After these transactions, he directly holds 4,466 common shares and has stock options covering 4,000 shares at $12.08 per share expiring on June 10, 2035, 5,000 shares at $13.30 per share expiring on September 1, 2032, and 2,000 shares at $15.96 per share expiring on June 10, 2036.
He also has indirect ownership of common stock, including 100 shares as UTMA custodian for each of Levi and Quinn Bourque, 2,793.2688 shares through the ESOP, and 826.6889 shares through the 401(k) plan, reflecting allocations since the prior Form 4.
Catalyst Bancorp, Inc. Chief Operations Officer Amanda B. Quebedeaux reported new equity awards and updated holdings. She received a grant of 1,000 shares of common stock at no cost under the 2022 Recognition and Retention Plan, vesting 20% per year starting on June 10, 2027. She also received 2,000 stock options with an exercise price of $15.96 per share, which vest 20% per year beginning June 10, 2027 and expire on June 10, 2036. After these awards, she holds 10,816 common shares directly and 4,282.651 shares indirectly through the ESOP. In addition, she continues to hold earlier option grants covering 4,000 shares at $12.08 per share expiring June 10, 2035 and 21,160 shares at $13.30 per share expiring September 1, 2032, which vest in 20% annual installments that commenced in 2023 and 2026.
Catalyst Bancorp, Inc. director and President/CEO Joseph B. Zanco reported new equity awards in the form of both restricted stock and stock options. He received 5,290 shares of common stock at a grant price of $0.00 per share, issued under the 2022 Recognition and Retention Plan, which vest at 20% per year commencing on June 10, 2027.
He also received 13,225 stock options with an exercise price of $15.96 per share, expiring on June 10, 2036, which vest at 20% per year starting on June 10, 2027. Following these awards, he directly holds 38,160 common shares and maintains indirect holdings through an IRA, ESOP, a 401(k) plan, and shares held by his spouse, along with previously granted options at exercise prices of $12.08 and $13.30.
Catalyst Bancorp, Inc. director Craig C. LeBouef reported equity awards and updated holdings. On June 10, 2026, he received a grant of 1,058 shares of Common Stock at $0.00 per share as compensation, vesting 20% per year starting June 10, 2027. He also received a new stock option for 2,645 shares of Common Stock with a $15.96 exercise price, vesting 20% per year from June 10, 2027 and expiring on June 10, 2036. After these awards, he directly holds 25,580 Common shares and indirectly 10,000 shares through Craig C. LeBouef CPA LLC, plus multiple option positions that can be exercised into additional shares over time.