SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2026
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8. SUBSEQUENT EVENT As reported on Form 8-K filed on July 14, 2026, the Company completed the previously announced acquisitions of Lakeside Bancshares, Inc., a Louisiana corporation (“Lakeside Bancshares”), and Lakeside Bank, a Louisiana banking corporation and the wholly-owned subsidiary of Lakeside Bancshares. The acquisition was completed in accordance with the previously announced Agreement and Plan of Share Exchange and Merger (the “Merger Agreement”), dated April 7, 2026, by and among the Company, the Bank, Lakeside Bancshares and Lakeside Bank. The Merger Agreement provided for the merger of Lakeside Bancshares with and into Catalyst Bancorp, with Catalyst Bancorp surviving, and the merger of Lakeside Bank with and into Catalyst Bank, with Catalyst Bank surviving. Effective July 14, 2026, the Company acquired 100% of the outstanding shares of Lakeside Bancshares in exchange for $19.58 per share in cash, or $41.1 million in aggregate. The Company expects to account for the transaction in accordance with ASC Topic 805, Business Combinations, which generally requires assets and liabilities acquired in business combinations to be recorded at fair value. The Company is continuing to evaluate the fair values of assets acquired and liabilities assumed, including loans, investment securities and core deposit intangible assets. Accordingly, the purchase accounting and related valuation estimates remain preliminary and are subject to change as additional information becomes available during the measurement period. As a result, the amount of goodwill and identifiable intangible assets ultimately recorded may differ materially from the preliminary estimates. Based on data as of June 30, 2026, the acquisition increases the Company’s total assets to approximately $632 million with $387 million in loans and $480 million in deposits and expands its presence across Southwest Louisiana with four additional branch locations in Calcasieu Parish. Consolidated shareholders’ equity is estimated to be approximately $78.7 million based on data as of June 30, 2026.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2026

NOTE 8. SUBSEQUENT EVENT

As reported on Form 8-K filed on July 14, 2026, the Company completed the previously announced acquisitions of Lakeside Bancshares, Inc., a Louisiana corporation (“Lakeside Bancshares”), and Lakeside Bank, a Louisiana banking corporation and the wholly-owned subsidiary of Lakeside Bancshares. The acquisition was completed in accordance with the previously announced Agreement and Plan of Share Exchange and Merger (the “Merger Agreement”), dated April 7, 2026, by and among the Company, the Bank, Lakeside Bancshares and Lakeside Bank. The Merger Agreement provided for the merger of Lakeside Bancshares with and into Catalyst Bancorp, with Catalyst Bancorp surviving, and the merger of Lakeside Bank with and into Catalyst Bank, with Catalyst Bank surviving.

Effective July 14, 2026, the Company acquired 100% of the outstanding shares of Lakeside Bancshares in exchange for $19.58 per share in cash, or $41.1 million in aggregate. The Company expects to account for the transaction in accordance with ASC Topic 805, Business Combinations, which generally requires assets and liabilities acquired in business combinations to be recorded at fair value. The Company is continuing to evaluate the fair values of assets acquired and liabilities assumed, including loans, investment securities and core deposit intangible assets. Accordingly, the purchase accounting and related valuation estimates remain preliminary and are subject to change as additional information becomes available during the measurement period. As a result, the amount of goodwill and identifiable intangible assets ultimately recorded may differ materially from the preliminary estimates. Based on data as of June 30, 2026, the acquisition increases the Company’s total assets to approximately $632 million with $387 million in loans and $480 million in deposits and expands its presence across Southwest Louisiana with four additional branch locations in Calcasieu Parish. Consolidated shareholders’ equity is estimated to be approximately $78.7 million based on data as of June 30, 2026.