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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 5,031 $ 7,459
Interest-bearing deposits in other banks 6,456 8,646
Cash and cash equivalents 11,487 16,105
Securities available-for-sale, at fair value 316,429 328,749
Loans receivable held for investment, net of allowance of $6,899 and $4,388 835,356 768,046
Accrued interest receivable 4,925 3,973
Federal Home Loan Bank ("FHLB") stock 9,130 5,535
Federal Reserve Bank ("FRB") stock 3,543 5,264
Office properties and equipment, net 9,915 10,291
Bank owned life insurance, net 3,264 3,233
Deferred tax assets, net 12,548 11,872
Core deposit intangible, net 2,208 2,501
Goodwill 25,858 25,858
Other assets 3,132 2,866
Total assets 1,237,795 1,184,293
Liabilities:    
Deposits 671,469 686,916
Securities sold under agreements to repurchase 75,815 63,471
FHLB advances 187,721 128,344
Notes payable 14,000 14,000
Accrued expenses and other liabilities 13,633 11,910
Total liabilities 962,638 904,641
Additional paid-in capital 144,410 144,157
Retained earnings 9,945 9,294
Unearned Employee Stock Ownership Plan ("ESOP") shares (4,831) (1,265)
Accumulated other comprehensive loss, net of tax (19,326) (17,473)
Treasury stock-at cost, 327,228 shares at September 30, 2023 and at December 31, 2022 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 274,967 279,482
Non-controlling interest 190 170
Total liabilities and stockholders' equity 1,237,795 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 64 64
Class B Non-Voting Common Stock [Member]    
Liabilities:    
Common stock 14 14
Class C Non-Voting Common Stock [Member]    
Liabilities:    
Common stock $ 17 $ 17