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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 8,432 $ 7,459
Interest-bearing deposits in other banks 21,216 8,646
Cash and cash equivalents 29,648 16,105
Securities available-for-sale, at fair value 329,026 328,749
Loans receivable held for investment, net of allowance of $6,285 and $4,388 776,053 768,046
Accrued interest receivable 4,219 3,973
Federal Home Loan Bank (FHLB) stock 7,300 5,535
Federal Reserve Bank (FRB) stock 3,543 5,264
Office properties and equipment, net 10,122 10,291
Bank owned life insurance 3,242 3,233
Deferred tax assets, net 10,823 11,872
Core deposit intangible, net 2,403 2,501
Goodwill 25,858 25,858
Other assets 2,824 2,866
Total assets 1,205,061 1,184,293
Liabilities:    
Deposits 657,542 686,916
Securities sold under agreements to repurchase 70,941 63,471
FHLB advances 168,810 128,344
Notes payable 14,000 14,000
Accrued expenses and other liabilities 13,900 11,910
Total liabilities 925,193 904,641
Additional paid-in capital 143,621 143,491
Retained earnings 9,611 9,294
Unearned Employee Stock Ownership Plan (ESOP) shares (3,963) (1,265)
Accumulated other comprehensive loss, net of tax (15,028) (17,473)
Treasury stock-at cost, 2,617,826 shares at March 31, 2023 and at December 31, 2022 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 279,676 279,482
Non-controlling interest 192 170
Total liabilities and stockholders' equity 1,205,061 1,184,293
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]    
Liabilities:    
Preferred stock 150,000 150,000
Class A Voting Common Stock [Member]    
Liabilities:    
Common stock 513 513
Class B Non-Voting Common Stock [Member]    
Liabilities:    
Common stock 114 114
Class C Non-Voting Common Stock [Member]    
Liabilities:    
Common stock $ 134 $ 134