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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 6,037 $ 5,460
Interest-bearing deposits in other banks 61,085 99,735
Cash and cash equivalents 67,122 105,195
Securities available-for-sale, at fair value 293,243 316,950
Loans receivable held for investment, net of allowance of $7,552 and $7,348 926,497 880,457
Accrued interest receivable 5,638 4,938
Federal Home Loan Bank ("FHLB") stock 10,292 10,156
Federal Reserve Bank ("FRB") stock 3,543 3,543
Office properties and equipment, net 9,731 9,840
Bank owned life insurance, net 3,286 3,275
Deferred tax assets, net 9,827 9,538
Core deposit intangible, net 2,027 2,111
Goodwill 25,858 25,858
Other assets 13,400 3,543
Total assets 1,370,464 1,375,404
Liabilities:    
Deposits 695,494 682,635
Securities sold under agreements to repurchase 71,681 73,475
FHLB advances 209,280 209,319
Bank Term Funding Program ("BTFP") borrowing 100,000 100,000
Notes payable 0 14,000
Accrued expenses and other liabilities 12,542 13,878
Total liabilities 1,088,997 1,093,307
Additional paid-in capital 142,653 142,601
Retained earnings 12,388 12,552
Unearned Employee Stock Ownership Plan ("ESOP") shares (4,420) (4,492)
Accumulated other comprehensive loss, net of tax (14,096) (13,525)
Treasury stock-at cost, 327,228 shares at March 31, 2024 and at December 31, 2023 (5,326) (5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity 281,292 281,903
Non-controlling interest 175 194
Total liabilities and stockholders' equity 1,370,464 1,375,404
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 62 62
Class B Non-Voting Common Stock [Member]    
Liabilities:    
Common stock 14 14
Class C Non-Voting Common Stock [Member]    
Liabilities:    
Common stock $ 17 $ 17