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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 5,460 $ 7,459
Interest-bearing deposits in other banks 99,735 8,646
Cash and cash equivalents 105,195 16,105
Securities available-for-sale, at fair value 316,950 328,749
Loans receivable held for investment, net of allowance of $7,348 and $4,388 880,457 768,046
Accrued interest receivable 4,938 3,973
Federal Home Loan Bank (FHLB) stock 10,156 5,535
Federal Reserve Bank (FRB) stock 3,543 5,264
Office properties and equipment, net 9,840 10,291
Bank owned life insurance 3,275 3,233
Deferred tax assets, net 9,538 11,872
Core deposit intangible, net 2,111 2,501
Goodwill 25,858 25,858
Other assets 3,543 2,866
Total assets 1,375,404 1,184,293
Liabilities:    
Deposits 682,635 686,916
Securities sold under agreements to repurchase 73,475 63,471
FHLB advances 209,319 128,344
Bank Term Funding Program borrowing 100,000 0
Notes payable 14,000 14,000
Accrued expenses and other liabilities 13,878 11,910
Total liabilities 1,093,307 904,641
Stockholders' equity:    
Additional paid-in capital 142,601 144,157
Retained earnings 12,552 9,294
Unearned Employee Stock Ownership Plan (ESOP) shares (4,492) (1,265)
Accumulated other comprehensive loss, net of tax (13,525) (17,473)
Treasury stock-at cost, 327,228(1) shares at December 31, 2023 and at December 31, 2022 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 281,903 279,482
Non-controlling interest 194 170
Total liabilities and stockholders' equity 1,375,404 1,184,293
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]    
Stockholders' equity:    
Preferred stock 150,000 150,000
Class A Voting Common Stock [Member]    
Stockholders' equity:    
Common stock 62 64
Class B Non-Voting Common Stock [Member]    
Stockholders' equity:    
Common stock 14 14
Class C Non-Voting Common Stock [Member]    
Stockholders' equity:    
Common stock $ 17 $ 17