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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest income:    
Interest and fees on loans receivable $ 37,143 $ 28,732
Interest on available-for-sale securities 8,697 5,596
Other interest income 1,388 1,941
Total interest income 47,228 36,269
Interest expense:    
Interest on deposits 7,512 2,104
Interest on borrowings 10,254 1,305
Total interest expense 17,766 3,409
Net interest income 29,462 32,860
Provision for credit losses 933 997
Net interest income after provision for credit losses 28,529 31,863
Non-interest income:    
Service charges 179 145
Grants 4,156 0
Other 1,022 1,050
Total non-interest income 5,357 1,195
Non-interest expense:    
Compensation and benefits 15,653 14,303
Occupancy expense 1,870 1,615
Information services 2,777 2,933
Professional services 3,126 2,758
Supervisory costs 613 413
Office services and supplies 101 174
Corporate insurance 245 231
Amortization of core deposit intangible 390 435
Advertising and promotional expense 168 137
Travel expense 221 188
Other 2,199 1,752
Total non-interest expense 27,363 24,939
Income before income taxes 6,523 8,119
Income tax expense 1,985 2,413
Net income 4,538 5,706
Less: Net income attributable to non-controlling interest 24 70
Net income attributable to Broadway Financial Corporation 4,514 5,636
Other comprehensive income (loss), net of tax:    
Unrealized gains (losses) on securities available-for-sale arising during the period 5,552 (24,047)
Income tax expense (benefit) 1,604 (7,125)
Other comprehensive income (loss), net of tax 3,948 (16,922)
Comprehensive income (loss) $ 8,462 $ (11,286)
Earnings per common share-basic (in dollars per share) $ 0.52 $ 0.62
Earnings per common share-diluted (in dollars per share) $ 0.51 $ 0.62