Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed financial information of Broadway Financial Corporation follows:

Condensed Balance Sheet

December 31,


	2012		2011
	(In thousands)
Assets
Cash and cash equivalents	$	120	$	641
Investment in bank subsidiary		33,268		31,568
Other assets		340		227

Total assets	$	33,728	$	32,436

Liabilities and shareholders’ equity
Junior subordinated debentures	$	6,000	$	6,000
Other borrowings		5,000		5,000
Dividends payable		2,103		1,219
Due to bank subsidiary		521		674
Other liabilities		2,097		1,267
Shareholders’ equity		18,007		18,276

Total liabilities and shareholders’ equity	$	33,728	$	32,436

Condensed Statements of Operations

Years ended December 31,


	2012			2011
	(In thousands)
Interest income	$	0		$	1
Interest expense		743			858
Other expense		542			548

Loss before income tax and undistributed subsidiary income (loss)		(1,285	)		(1,405	)
Income taxes benefit (expense)		0			(594	)
Equity in undistributed subsidiary income (loss)		1,873			(12,256	)

Net earnings (loss)	$	588		$	(14,255	)

Condensed Statements of Cash Flows

Years ended December 31,


	2012			2011
	(In thousands)
Cash flows from operating activities
Net income (loss)	$	588		$	(14,255	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Equity in undistributed subsidiary (income) loss		(1,873	)		12,256
Change in other assets		(113	)		608
Change in other liabilities		830			977

Net cash used in operating activities		(568	)		(414	)

Cash flows from investing activities
Investment in bank subsidiary		0			0

Net cash used in investing activities		0			0

Cash flows from financing activities
Due to bank subsidiary		(153	)		674
Reissuance of treasury stock		200			5

Net cash provided by financing activities		47			679

Net change in cash and cash equivalents		(521	)		265
Beginning cash and cash equivalents		641			376

Ending cash and cash equivalents	$	120		$	641