Catalyst Bancorp Q2 FY26 net income rises 0.6% to $524,000; non-interest expense increases 9.3% to $2.38 million - CLST News | RalliesCatalyst Bancorp Q2 FY26 net income rises 0.6% to $524,000; non-interest expense increases 9.3% to $2.38 million
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CLST• Lakeside acquisition
- The Lakeside acquisition closed on July 14.
Credit quality and expenses
- Non-performing loans eased to USD 2.32 million from year-end, lowering the non-performing loan ratio to 1.43% from 1.55%.
- Non-interest expense increased 9.3% to USD 2.38 million.
- Merger-related expenses totaled USD 87,000 in Q2, with USD 182,000 for the first half.
Quarterly results and balance sheet
- Catalyst Bancorp posted Q2 net income of USD 524,000, up 0.6% from a year earlier.
- Total assets rose 2.5% to USD 290.01 million at June 30, while cash and cash equivalents climbed 46.7% to USD 36.98 million.
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