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Catalyst Bancorp, Inc. (Nasdaq: CLST) operates as a financial institution through its subsidiary, Catalyst Bank. The company focuses on attracting deposits from the public and utilizing these funds to originate loans and invest in securities. Catalyst Bancorp provides a range of loan products and investment opportunities, catering primarily to small- to mid-sized businesses and professionals in its market area.
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Loans - Offers various types of loans, including single-family residential mortgage loans, commercial real estate loans, multi-family residential loans, commercial and industrial loans, construction and land loans, and consumer loans.
- Single-family residential mortgage loans - Provides long-term financing for individual homes, historically the primary focus of the company.
- Commercial real estate loans - Targets properties used for business purposes, offering higher yields and shorter anticipated lives.
- Multi-family residential loans - Secures financing for apartment or residential buildings with five or more units.
- Commercial and industrial loans - Supports small and mid-sized businesses with secured and unsecured financing.
- Construction and land loans - Funds ground-up construction projects and land improvements.
- Consumer loans - Provides loans for household, family, and personal use.
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Securities - Invests in mortgage-backed securities, U.S. government and agency obligations, and municipal obligations, classified as either available-for-sale or held-to-maturity.
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Non-interest Income - Generates revenue from fees related to loan origination, service charges on deposit accounts, and other services.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Joseph B. Zanco ExecutiveBoard | President and Chief Executive Officer | Board member, Louisiana Association of Business and Industry; Board member, Community Foundation of Acadiana; Board member, Vision St. Landry | CEO of Catalyst Bank since August 2020 and Director since January 2021. Previously held executive roles at Home Bancorp, Inc. and IBERIABANK. | View Report → |
Amanda B. Quebedeaux Executive | Senior Vice President and Chief Operations Officer | Amanda B. Quebedeaux has served as Senior Vice President and Chief Operations Officer at Catalyst Bank since July 2024. Previously, she held roles as Senior Vice President and Director of Operations from February 2022 to July 2024 and as Vice President and Director of Operations from June 2021 to February 2022. | ||
Don P. Ledet Executive | Senior Vice President and Chief Risk Officer | Don P. Ledet is the Senior Vice President and Chief Risk Officer at CLST since November 13, 2023. He has extensive banking experience from his previous roles as Executive Vice President at First Horizon Bank and Iberiabank. | ||
Jacques L. J. Bourque Executive | Chief Financial Officer | Jacques L. J. Bourque has been the Chief Financial Officer (CFO) since February 2022. He joined as Treasurer in October 2021 and has prior experience in financial roles including Senior Accountant and Auditor. | ||
Craig C. LeBouef Board | Director | Partner at Going, Sebastien, Fisher & LeBouef, LLP; Owner of Craig C. LeBouef CPA, LLC | Craig C. LeBouef serves as a Director at Catalyst Bank since 2017 and has served as a Director of Catalyst Bancorp since its inception. He also chairs the Audit Committee, bringing extensive expertise in accounting, financial management, investment management, and personal financial planning. | |
Frederick R. Lafleur Board | Director | President and Chief Executive Officer of Savoie's Sausage & Food Products, Inc.; Board Director of Vision St. Landry | Frederick R. Lafleur has served as a Director at Catalyst Bancorp since its inception in 2021. He is also the President and Chief Executive Officer of Savoie's Sausage & Food Products, Inc. since October 2019 and serves on the Board of Directors of Vision St. Landry. | |
Kirk E. Kleiser Board | Director | Founder and Senior Managing Principal at K & G On the Geaux LLC and Kleiser Enterprises, Inc.; Managing Member at All in G.S. LLC | Kirk E. Kleiser is a Director at Catalyst Bancorp, serving since its inception, and also serves as a Director of Catalyst Bank since January 2021. He brings extensive business experience from his roles as Founder and Senior Managing Principal at K & G On the Geaux LLC and Kleiser Enterprises, Inc., and as Managing Member at All in G.S. LLC. | |
Matthew L. Scruggins Board | Director | Matthew L. Scruggins has served as Director at Catalyst Bancorp (CLST) since 2014. He also serves on key board committees as a member of the Audit Committee and as Chair of the Compensation Committee, bringing extensive oversight experience from his previous role as a retired Supervisor of Personnel for the St. Landry Parish School System. | ||
Ted D. Bellard Board | Director and Secretary | President and owner of Targil, Inc. (since July 1995) | Ted D. Bellard is the Director and Secretary at Catalyst Bancorp, Inc., having served as a Director of Catalyst Bank since 2014 and on Catalyst Bancorp since its inception, while also being the Corporate Secretary. He has been the President and owner of Targil, Inc. since July 1995, bringing extensive business expertise to his roles. | |
Todd A. Kidder Board | Director of Catalyst Bancorp | Engineering Technician at Louisiana State Department of Transportation (since July 1987); Committee Member at Opelousas General Health System Foundation; Committee Member at Opelousas Chapter of Ducks Unlimited | Todd A. Kidder has served as the Director of Catalyst Bancorp since its inception in 2021 and is also the Chairman of the Board of Catalyst Bank since December 2016. He brings extensive experience from his long-standing role as an Engineering Technician at the Louisiana State Department of Transportation since July 1987 and is actively involved in community initiatives as a committee member for both the Opelousas General Health System Foundation and the Opelousas Chapter of Ducks Unlimited. |
Recent press releases and 8-K filings for CLST.
- Catalyst Bancorp reported Q1 2025 net income of $586K, down from $626K in Q4 2024**[1849867_20250424DA71434:0]** , amid muted loan growth and market turbulence.
- Total loans were approximately $166.1 million, reflecting stability with only marginal declines across segments**[1849867_20250424DA71434:0]** .
- Total deposits declined 3% to $180.6 million, with a maintained loan-to-deposit ratio of 92%.
- The bank’s net interest income of $2.4 million dropped by $107K compared to the prior quarter**[1849867_20250424DA71434:0]** .
- Catalyst Bancorp repurchased 72,949 shares at an average cost of $11.86, contributing to a cumulative repurchase of about 21% of its originally issued shares**[1849867_20250424DA71434:1]** .