XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 39,705 $ 71,110
Interest-bearing deposits in other banks 168,982 24,999
Cash and cash equivalents 208,687 96,109
Securities available-for-sale, at fair value 157,628 10,698
Loans receivable held for investment, net of allowance of $3,661 and $3,215 642,198 360,129
Accrued interest receivable 2,565 1,202
Federal Home Loan Bank ("FHLB") stock 2,708 3,431
Federal Reserve Bank (FRB) stock 693 0
Office properties and equipment, net 9,221 2,540
Bank owned life insurance 3,179 3,147
Deferred tax assets, net 5,645 5,633
Core deposit intangible, net 3,067 0
Goodwill 25,996 0
Other assets 1,974 489
Total assets 1,063,561 483,378
Liabilities:    
Deposits 749,645 315,630
Securities sold under agreements to repurchase 52,876 0
FHLB advances 91,070 110,500
Junior subordinated debentures 0 3,315
Notes payable 14,000 0
Accrued expenses and other liabilities 12,591 5,048
Total liabilities 920,182 434,493
Additional paid-in capital 140,275 46,851
Retained earnings 5,149 7,783
Unearned Employee Stock Ownership Plan (ESOP) shares (844) (893)
Accumulated other comprehensive income, net of tax 325 164
Treasury stock-at cost, 2,617,826 shares at September 30, 2021 and at December 31, 2020 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 143,323 48,885
Non-controlling interest 56 0
Total liabilities and stockholders' equity 1,063,561 483,378
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]    
Liabilities:    
Cumulative Redeemable Perpetual Preferred stock, Series A, authorized 3,000 shares at September 30, 2021 and none at December 31, 2020; issued and outstanding 3,000 shares at September 30, 2021 and none at December 31, 2020, liquidation value $1,000 per share 3,000 0
Class A Voting Common Stock [Member]    
Liabilities:    
Common stock 463 219
Class B Non-Voting Common Stock [Member]    
Liabilities:    
Common stock 114 0
Class C Non-Voting Common Stock [Member]    
Liabilities:    
Common stock $ 167 $ 87