XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Interest and fees on loans receivable $ 6,879 $ 6,300 $ 14,083 $ 9,944
Interest on available-for-sale securities 834 440 1,425 496
Other interest income 788 144 872 221
Total interest income 8,501 6,884 16,380 10,661
Interest expense:        
Interest on deposits 349 477 699 860
Interest on borrowings 114 586 471 1,135
Total interest expense 463 1,063 1,170 1,995
Net interest income 8,038 5,821 15,210 8,666
Loan loss provision (recapture) (577) 81 (429) 81
Net interest income after loan loss provision (recapture) 8,615 5,740 15,639 8,585
Non-Interest Income:        
Service charges 21 36 85 129
CDFI Grant 0 1,826 0 1,826
Other 240 330 457 360
Total non-interest income 261 2,192 542 2,315
Non-Interest Expense:        
Compensation and benefits 3,307 2,819 6,926 8,209
Occupancy expense 400 627 842 935
Information services 767 566 1,632 807
Professional services 958 513 1,322 2,452
Supervisory costs 62 177 115 247
Office services and supplies 100 59 257 154
Corporate insurance 54 8 115 254
Amortization of core deposit intangible 108 131 217 131
Other 510 474 800 812
Total non-interest expense 6,266 5,374 12,226 14,001
Income (loss) before income taxes 2,610 2,558 3,955 (3,101)
Income tax expense (benefit) 757 1,824 1,120 (348)
Net income (loss) 1,853 734 2,835 (2,753)
Less: Net income (loss) attributable to non-controlling interest (1) 33 23 33
Net income (loss) attributable to Broadway Financial Corporation 1,854 701 2,812 (2,786)
Other comprehensive income, net of tax:        
Unrealized gains (losses) on securities available-for-sale arising during the period (5,178) 1,022 (13,332) 864
Income tax (benefit) expense (1,675) 290 (3,982) 243
Other comprehensive income (loss), net of tax (3,503) 732 (9,350) 621
Comprehensive income (loss) $ (1,649) $ 1,433 $ (6,538) $ (2,165)
Earnings (loss) per common share-basic (in dollars per share) $ 0.03 $ 0.01 $ 0.04 $ (0.06)
Earnings (loss) per common share-diluted (in dollars per share) $ 0.03 $ 0.01 $ 0.04 $ (0.06)