Catalyst Bancorp, Inc. Announces Net Loan Charge-Offs for the Third Quarter of 2022
October 27, 2022 at 01:11 pm EDT
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Catalyst Bancorp, Inc. announced Net loan charge-offs for the third quarter of 2022. Net loan charge-offs totaled $61,000 during the third quarter of 2022, compared to net loan charge-offs of $4,000 for the second quarter of 2022.
Catalyst Bancorp, Inc. is a bank holding company for Catalyst Bank (the Bank). The Bank is a federally chartered community-oriented savings bank. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, maturities of investments and funds borrowed from outside sources, such as the Federal Home Loan Bank (FHLB) of Dallas or the Federal Reserve Bank of Atlanta. These funds are primarily used for the origination of loans, including single-family residential first mortgage loans, commercial real estate mortgage loans, multi-family residential mortgage loans, commercial and industrial loans, construction and land loans and other loans. The Bank offers commercial and retail banking products through its six full-service branches located in Carencro, Eunice, Lafayette, Opelousas, and Port Barre.
CATALYST BANCORP, INC. 
