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Consolidated Statements of Operations and Comprehensive income (loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans receivable $ 8,666 $ 7,336
Interest on available-for-sale securities 2,180 591
Other interest income 328 84
Total interest income 11,174 8,011
Interest expense:    
Interest on deposits 1,303 350
Interest on borrowings 1,597 489
Total interest expense 2,900 839
Net interest income 8,274 7,172
Provision for credit losses 88 148
Net interest income after provision for credit losses 8,186 7,024
Non-interest income:    
Service charges 61 64
Other 228 217
Total non-interest income 289 281
Non-interest expense:    
Compensation and benefits 3,749 3,619
Occupancy expense 303 442
Information services 715 865
Professional services 505 364
Supervisory costs 94 157
Office services and supplies 22 61
Advertising and promotional expense 68 50
Corporate insurance 62 53
Appraisal and other loan expense 43 30
Amortization of core deposit intangible 98 109
Travel expense 78 27
Other 469 183
Total non-interest expense 6,206 5,960
Income before income taxes 2,269 1,345
Income tax expense 674 363
Net income 1,595 982
Less: Net income attributable to non-controlling interest 22 24
Net income attributable to Broadway Financial Corporation 1,573 958
Other comprehensive income, net of tax:    
Unrealized gains (losses) on securities available-for-sale arising during the period 3,433 (8,154)
Income tax expense (benefit) 988 (2,307)
Other comprehensive income (loss), net of tax 2,445 (5,847)
Comprehensive income (loss) $ 4,018 $ (4,889)
Earnings per common share-basic (in dollars per share) $ 0.02 $ 0.01
Earnings per common share-diluted (in dollars per share) $ 0.02 $ 0.01