XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 6,192 $ 7,459
Interest-bearing deposits in other banks 4,550 8,646
Cash and cash equivalents 10,742 16,105
Securities available-for-sale, at fair value 322,516 328,749
Loans receivable held for investment, net of allowance of $6,970 and $4,388 824,621 768,046
Accrued interest receivable 4,114 3,973
Federal Home Loan Bank (FHLB) stock 9,062 5,535
Federal Reserve Bank (FRB) stock 3,543 5,264
Office properties and equipment, net 10,000 10,291
Bank owned life insurance 3,253 3,233
Deferred tax assets, net 11,896 11,872
Core deposit intangible, net 2,306 2,501
Goodwill 25,858 25,858
Other assets 3,461 2,866
Total assets 1,231,372 1,184,293
Liabilities:    
Deposits 646,063 686,916
Securities sold under agreements to repurchase 71,381 63,471
FHLB advances 210,268 128,344
Notes payable 14,000 14,000
Accrued expenses and other liabilities 12,176 11,910
Total liabilities 953,888 904,641
Additional paid-in capital 143,659 143,491
Retained earnings 9,854 9,294
Unearned Employee Stock Ownership Plan (ESOP) shares (4,247) (1,265)
Accumulated other comprehensive loss, net of tax (17,419) (17,473)
Treasury stock-at cost, 2,617,826 shares at June 30, 2023 and at December 31, 2022 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 277,289 279,482
Non-controlling interest 195 170
Total liabilities and stockholders' equity 1,231,372 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 520 513
Class B Non-Voting Common Stock [Member]    
Liabilities:    
Common stock 114 114
Class C Non-Voting Common Stock [Member]    
Liabilities:    
Common stock $ 134 $ 134