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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income:    
Interest and fees on loans receivable $ 22,831 $ 17,016
Interest on investment securities 1,396 253
Other interest income 525 375
Total interest income 24,752 17,644
Interest expense:    
Interest on deposits 1,676 3,163
Interest on borrowings 2,073 2,312
Total interest expense 3,749 5,475
Net interest income before loan loss provision 21,003 12,169
Loan loss provision 176 29
Net interest income after loan loss provision 20,827 12,140
Non-Interest Income:    
Service charges 249 420
Net gain on sales of loans 0 276
CDFI Grant 2,043 203
Other 922 126
Total non-interest income 3,214 1,025
Non-Interest Expense:    
Compensation and benefits 16,007 8,362
Occupancy expense 1,781 1,288
Information services 3,817 937
Professional services 3,701 2,299
Corporate insurance 345 126
Supervisory costs (OCC and FDIC) 493 199
Office services and supplies 284 354
Amortization of core deposit intangible 393 0
Other 2,106 649
Total non-interest expense 28,927 14,214
Loss before tax benefits (4,886) (1,049)
Income tax benefits (937) (407)
Net loss (3,949) (642)
Less: Net income attributable to non-controlling interest 101 0
Net loss attributable to Broadway Financial Corporation (4,050) (642)
Other comprehensive loss, net of tax:    
Unrealized (loss) gains on securities available-for-sale arising during the period (998) 266
Income tax (benefit) expense (283) 79
Other comprehensive (loss) income, net of tax (715) 187
Comprehensive loss $ (4,765) $ (455)
Loss per common share - basic (in dollars per share) $ (0.07) $ (0.02)
Loss per common share - diluted (in dollars per share) $ (0.07) $ (0.02)