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. director Frederick R. Lafleur reported new equity compensation awards. He received 1,058 shares of common stock at $0.00 per share, increasing his directly held common stock to 10,580 shares. He also received a stock option for 2,645 shares of common stock with a $15.96 exercise price, expiring on June 10, 2036. These stock and option awards vest 20% per year, commencing on June 10, 2027, under the company’s 2022 Recognition and Retention Plan and Trust Agreement. In addition to direct holdings, the filing shows 15,000 shares held indirectly by his spouse and 10,000 shares held indirectly through an IRA.
Catalyst Bancorp, Inc. chairman of the board Todd A. Kidder reported new equity compensation grants. He received 1,058 shares of common stock on June 10, 2026 at a stated price of $0.00 per share, as an award that vests 20% per year starting June 10, 2027 under the 2022 Recognition and Retention Plan and Trust Agreement. He was also granted 2,645 stock options with an exercise price of $15.96 per share, vesting 20% per year beginning on the same date and expiring on June 10, 2036. After these awards, he directly holds 20,580 common shares, plus stock options to buy additional shares, and indirectly holds 10,000 shares through his spouse.
Catalyst Bancorp director Ted D. Bellard reported new equity compensation awards. He received 1,058 shares of common stock at no cost and a stock option for 2,645 shares at an exercise price of $15.95 per share, both vesting 20% per year starting on June 10, 2027.
Following these awards, he holds 35,402 common shares directly and 10,000 shares indirectly through his spouse, plus previously granted options covering additional common shares at exercise prices of $12.08 and $13.30.
Catalyst Bancorp director Matthew L. Scruggins received new equity awards. He was granted 1,058 shares of common stock at no cost, increasing his directly held common stock to 25,912 shares, and he also holds 10,000 shares indirectly through his spouse.
He was additionally granted stock options for 2,645 shares of common stock at an exercise price of $15.9600 per share, expiring on June 10, 2036. These shares and options vest at a rate of 20% per year starting on specified future dates, including June 10, 2027. Scruggins also retains previously awarded options covering 2,645 shares at $12.0800 per share expiring in 2035 and 21,160 shares at $13.3000 per share expiring in 2032.
Catalyst Bancorp director Kirk E. Kleiser reported multiple transactions in Catalyst Bancorp, Inc. common stock. On June 10, 2026, entities associated with him made open-market purchases totaling 6,200 shares at prices around $16.09 per share across direct and IRA accounts.
Related LLCs associated with Kleiser sold a combined 6,000 shares at $16.035 per share, resulting in a small net increase in his overall reported holdings. He also received a grant of 1,058 shares at no cost under the 2022 Recognition and Retention Plan, vesting 20% annually starting on June 10, 2027.
Kleiser continues to hold stock options covering 26,450 shares of common stock at exercise prices of $12.08, $13.30, and $15.96, expiring between 2032 and 2036. These options and prior plan grants vest at 20% per year according to the disclosed schedules.
Catalyst Bancorp, Inc. reported results of its Annual Meeting of shareholders. Investors elected directors Frederick R. Lafleur and Matthew L. Scruggins. Lafleur received 1,473,154 votes for, 790,019 withheld, and 669,464 broker non-votes, while Scruggins received 1,578,557 for, 684,616 withheld, and 669,464 broker non-votes. Shareholders also approved the ratification of the company’s independent registered public accounting firm with 2,926,395 votes for, 515 against, and 5,727 abstentions.
Catalyst Bancorp, Inc. reported a modestly lower profit while strengthening liquidity and announcing a planned acquisition. For the three months ended March 31, 2026, net income was $558,000 versus $586,000 a year earlier, with basic earnings per share steady at $0.16.
Total assets rose to $288.5 million, up 2.0% from year-end, as cash and cash equivalents increased to $38.5 million, driven mainly by a $10.1 million rise in deposits to $195.4 million and lower Federal Home Loan Bank borrowings. The loan portfolio declined 3.8% to $163.7 million, led by paydown of a large commercial and industrial relationship, while the allowance for credit losses decreased slightly to $2.3 million with a small reversal.
Credit quality remained generally stable, with non-accrual loans of $2.4 million and total loans past due still a small portion of the portfolio. After quarter-end, the company agreed to acquire Lakeside Bancshares, Inc. for $19.58 per share in cash, or $41.1 million in aggregate, adding a bank with $385.7 million in assets as of December 31, 2025, subject to regulatory and shareholder approvals.
Catalyst Bancorp, Inc. reported stronger results for the first quarter of 2026, with net income of $558,000 and diluted EPS of $0.15, up from $456,000 and $0.13 in the prior quarter. Earnings included $95,000 of professional fees tied to its agreement to acquire Lakeside Bancshares.
Total loans were $163.7 million, down 4% from December 31, 2025, mainly from payoff of a $5.9 million commercial and industrial relationship, while deposits rose 5% to $195.4 million, lowering the loan-to-deposit ratio to 84%. Non-performing assets were $2.7 million, or 0.94% of total assets, and the allowance for credit losses on loans was $2.3 million, or 1.40% of total loans.
Net interest income was $2.5 million, up 2% quarter over quarter, as lower funding costs offset a modest decline in asset yields, resulting in a net interest margin of 3.83%. Total assets reached $288.5 million, and shareholders’ equity was $82.2 million, or 28.5% of total assets, with the company continuing share repurchases and planning to resume its November 2025 buyback program in the second quarter of 2026.
Catalyst Bancorp Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 215,496 shares of Common Stock, representing 5.28% of the class. The filing shows sole voting power over 25,356 shares and sole dispositive power over 215,496 shares. The Schedule 13G was signed by Ashley Grim on 04/29/2026.