Catalyst Releases Q2 Results
Catalyst Bancorp, Inc. (NASDAQ: CLST), the parent company for Catalyst Bank reported net income of $521,000 for the second quarter of 2025, compared to net income of $586,000 for the first quarter of 2025.
"We're pleased to see both loan and deposit growth during the quarter," said CEO Joe Zanco. "When given the opportunity to earn new business, our success rate remains strong. Our team continues to build momentum across our markets."
Loans totaled $167.6 million at June 30, 2025, up $1.5 million, or less than 1%, from March 31, 2025
In the second quarter of 2025, four construction loans totaling $14.5 million were converted to amortizing real estate loans following the completion of their respective construction projects. Of these, one loan totaling $2.9 million was classified as multi-family, while the remaining loans were designated as commercial real estate.
Total deposits were $182.2 million at June 30, 2025, up $1.6 million, or 1%, from March 31, 2025. Total deposits averaged $179.4 million during the second quarter of 2025, compared to $177.1 million during the first quarter of 2025. The change in deposits was mainly due to fluctuations in public funds and inflows from commercial customers.
CLST shares closed Wednesday trading at $12.35.
