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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest income:    
Interest and fees on loans receivable $ 28,732 $ 22,831
Interest on available-for-sale securities 5,596 1,396
Other interest income 1,941 525
Total interest income 36,269 24,752
Interest expense:    
Interest on deposits 2,104 1,676
Interest on borrowings 1,305 2,073
Total interest expense 3,409 3,749
Net interest income 32,860 21,003
Loan loss provision 997 176
Net interest income after loan loss provision 31,863 20,827
Non-interest income:    
Service charges 145 249
CDFI Grant 0 2,043
Other 1,050 922
Total non-interest income 1,195 3,214
Non-interest expense:    
Compensation and benefits 14,303 16,007
Occupancy expense 1,615 1,781
Information services 2,933 3,817
Professional services 2,758 3,701
Supervisory costs 413 493
Office services and supplies 174 284
Corporate insurance 231 345
Amortization of core deposit intangible 435 393
Other 2,077 2,106
Total non-interest expense 24,939 28,927
Income (loss) before income taxes 8,119 (4,886)
Income tax expense (benefit) 2,413 (937)
Net income (loss) 5,706 (3,949)
Less: Net income attributable to non-controlling interest 70 101
Net income (loss) attributable to Broadway Financial Corporation 5,636 (4,050)
Other comprehensive loss, net of tax:    
Unrealized losses on securities available-for-sale arising during the period (24,047) (998)
Income tax benefit (7,125) (283)
Other comprehensive loss, net of tax (16,922) (715)
Comprehensive loss $ (11,286) $ (4,765)
Earnings (loss) per common share-basic (in dollars per share) $ 0.08 $ (0.07)
Earnings (loss) per common share-diluted (in dollars per share) $ 0.08 $ (0.07)