XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Cash and due from banks $ 37,925 $ 38,418
Interest-bearing deposits in other banks 208,181 193,102
Cash and cash equivalents 246,106 231,520
Securities available-for-sale, at fair value 170,308 156,396
Loans receivable held for investment, net of allowance of $3,539 and $3,391 653,375 648,513
Accrued interest receivable 2,449 3,372
Federal Home Loan Bank (FHLB) stock 2,222 2,573
Federal Reserve Bank (FRB) stock 693 693
Office properties and equipment, net 10,380 10,344
Bank owned life insurance 3,200 3,190
Deferred tax assets, net 8,312 6,101
Core deposit intangible, net 2,827 2,936
Goodwill 25,858 25,996
Other assets 5,395 1,871
Total assets 1,131,125 1,093,505
Liabilities:    
Deposits 839,714 788,052
Securities sold under agreements to repurchase 56,003 51,960
FHLB advances 73,001 85,952
Notes payable 14,000 14,000
Accrued expenses and other liabilities 12,070 12,441
Total liabilities 994,788 952,405
Additional paid-in capital 143,373 140,289
Retained earnings 4,616 3,673
Unearned Employee Stock Ownership Plan (ESOP) shares (813) (829)
Accumulated other comprehensive loss, net of tax (6,398) (551)
Treasury stock-at cost, 2,617,826 shares at March 31, 2022 and at December 31, 2021 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 136,213 141,000
Non-controlling interest 124 100
Total liabilities and stockholders' equity 1,131,125 1,093,505
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]    
Liabilities:    
Cumulative Redeemable Perpetual Preferred stock, Series A, authorized 3,000 shares at March 31, 2022 and December 31, 2021; issued and outstanding none at March 31, 2022 and 3,000 shares at December 31, 2021, liquidation value $1,000 per share 0 3,000
Class A Voting Common Stock [Member]    
Liabilities:    
Common stock 489 463
Class B Non-Voting Common Stock [Member]    
Liabilities:    
Common stock 114 114
Class C Non-Voting Common Stock [Member]    
Liabilities:    
Common stock $ 158 $ 167