Catalyst Bancorp (NASDAQ: CLST) is a bank holding company that operates through its wholly owned subsidiary, Catalyst Bank, a community bank serving small- to mid-sized businesses and business professionals. The company earns money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings, supplemented by non-interest income from service charges on deposit accounts and bank-owned life insurance. Catalyst Bancorp was incorporated in February 2021 as part of the mutual-to-stock conversion of St. Landry Homestead Federal Savings Bank, which completed its IPO on October 12, 2021, issuing 5,290,000 shares of common stock. The bank changed its name to Catalyst Bank in June 2022. As of December 31, 2025, total loans outstanding included a construction and land loan portfolio of $18.8 million (11.0% of total loans), with an allowance for credit losses on loans of $2.4 million, or 1.39% of total loans. The company operates as a smaller reporting company and focuses on organic growth in its local market area.

Revenue model

Net interest income from loans receivable, investment securities, and cash and due from banks, minus interest paid on deposits and borrowings. Non-interest income from service charges on deposit accounts, bank-owned life insurance, and other fee income. Revenue streams are transactional and spread-based.

Products and services

Commercial and residential loans, construction and land loans (including multi-family residential, health care, and commercial construction), deposit accounts with associated service charges, bank-owned life insurance, ATM and debit card services. Completed core processing system conversion in Q1 2024 to expand online and technology-based banking services.

Customers and end markets

Small- to mid-sized businesses, business professionals, and retail depositors in the local market area. End markets include residential construction, multi-family housing, health care facilities, and commercial development.

Value-chain role

Community bank and bank holding company. Takes deposits from local customers and deploys capital into loans and investment securities. Provides credit, deposit, and basic banking services directly to end customers with no intermediary.

Geographic exposure

Local market area in Louisiana, with references to Acadiana market presence. Filing does not specify branch count or precise geographic footprint beyond the local market area.

Source: SEC 10-K, filed 2026-03-31

Industry: Savings Institution, Federally Chartered Peers: 1895 Bancorp of Wisconsin Inc FFBW, Inc. /MD/ First Seacoast Bancorp IF Bancorp, Inc. NSTS Bancorp Inc Skyline Bankshares Inc Rocket Companies Inc TC Bancshares, Inc.