CLST — what changed in the latest 10-Q
A section-by-section comparison of CLST's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-15 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +42 | −61 | ~17 | 42 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-15
●our ability to fully realize all the benefits we anticipate in connection with any future acquisitions of other institutions or our assumptions made in connection therewith being inaccurate
●Net interest income increased $180,000, or 7.6%, to $2.5 million and net interest margin decreased six basis points (“bps”) to 3.83% for the three months ended March 31, 2026, compared to the same period in 2025
●A reversal of provision for credit losses of $70,000 for the three months ended March 31, 2026, compared to zero provision for the same period in 2025
●Non-interest expense of $2.3 million for the three months ended March 31, 2026, up $301,000, or 15.2%, compared to the same period in 2025, largely due to $216,000 in insurance proceeds for damaged foreclosed properties which partially offset non-interest expense in 2025
●Non-interest expense for the three months ended March 31, 2026 included professional fees of $95,000 (pre-tax) related to our agreement to acquire Lakeside Bancshares, Inc. and its subsidiary, Lakeside Bank (collectively referred to as “Lakeside”).
Text removed vs the prior filing · source: 10-Q · 2025-11-13
●For the three months ended September 30, 2025, net interest income of $2.5 million, down $82,000, or 3.2%, and net interest margin of 3.88%, up two basis points (“bps”) compared to the same period in 2024
●For the nine months ended September 30, 2025, net interest income of $7.3 million, up $210,000, or 3.0%, and net interest margin of 3.92%, up 36 bps compared to the same period in 2024
●No loss on sales of investment securities in 2025, compared to a loss of $5.5 million for the nine months ended September 30, 2024
●For the three months ended September 30, 2025, non-interest expense of $2.2 million, down $58,000, or 2.6%, compared to the same period in 2024
●For the nine months ended September 30, 2025, non-interest expense of $6.6 million, down $541,000, or 7.6%, compared to the same period in 2024, which included expenses related to the Company’s upgrade to a new core processing system
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice