Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||||||
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Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Interest income: | ||||||||||||
| Interest and fees on loans receivable | $ 9,406 | $ 6,520 | $ 27,039 | $ 20,603 | ||||||||
| Interest on available-for-sale securities | 2,180 | 2,069 | 6,543 | 3,416 | ||||||||
| Other interest income | 341 | 639 | 1,028 | 1,589 | ||||||||
| Total interest income | 11,927 | 9,228 | 34,610 | 25,608 | | | ||||||
| Interest expense: | ||||||||||||
| Interest on deposits | 2,126 | 474 | 4,978 | 1,173 | ||||||||
| Interest on borrowings | 3,028 | 146 | 7,317 | 617 | ||||||||
| Total interest expense | 5,154 | 620 | 12,295 | 1,790 | | |||||||
| Net interest income | 6,773 | 8,608 | 22,315 | 23,818 | | |||||||
| (Recapture of) provision for credit losses | (2) | 1,021 | 808 | 592 | | | | | ||||
| Net interest income after (recapture of) provision for credit losses | 6,775 | 7,587 | 21,507 | 23,226 | | | | | ||||
| Non-interest income: | | | | | ||||||||
| Service charges | 42 | 21 | 141 | 106 | | | | | ||||
| Other | 289 | 344 | 739 | 801 | | | | | ||||
| Total non-interest income | 331 | 365 | 880 | 907 | | | | | | |||
| Non-interest expense: | | | | | ||||||||
| Compensation and benefits | 4,380 | 3,440 | 11,863 | 10,366 | | | | | ||||
| Occupancy expense | 466 | 367 | 1,354 | 1,209 | | | | | ||||
| Information services | 698 | 732 | 2,148 | 2,364 | | | | | ||||
| Professional services | 629 | 861 | 1,741 | 2,183 | | | | | ||||
| Supervisory costs | 157 | 4 | 452 | 261 | | | | | ||||
| Office services and supplies | 24 | 38 | 72 | 153 | | | | | ||||
| Advertising and promotional expense | 11 | 14 | 138 | 81 | | | | | ||||
| Corporate insurance | 61 | 49 | 184 | 164 | | | | | ||||
| Appraisal and other loan expense | 69 | 53 | 138 | 150 | | | | | ||||
| Amortization of core deposit intangible | 98 | 109 | 293 | 326 | | | | | ||||
| Travel expense | 39 | 67 | 154 | 122 | | | | | ||||
| Other expense | 349 | 338 | 1,117 | 919 | | | | | ||||
| Total non-interest expense | 6,981 | 6,072 | 19,654 | 18,298 | | | | | | | | |
| Total Other Income Expenses | 21397.0 | 19440.0 | 61767.0 | 61044.0 | 0.0 | |
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| Total Other Income Expenses | 7851.0 | 6308.0 | 20369.0 | 15776.0 | 0.0 | |
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| Total Other Income Expenses | 7847.0 | 4266.0 | 18753.0 | 14592.0 | 0.0 | |
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| Total Other Income Expenses | 21401.0 | 21482.0 | 63383.0 | 62228.0 | 0.0 | |
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| Income before income taxes | 125 | 1,880 | 2,733 | 5,835 | | | | |||||
| Total NonInterest Income Expenses | -6650.0 | -5707.0 | -18774.0 | -17391.0 | 0.0 | |
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| Income tax expense | 39 | 534 | 806 | 1,654 | ||||||||
| Net income | 86 | 1,346 | 1,927 | 4,181 | ||||||||
| Less: Net (loss) income attributable to non-controlling interest | (5) | 28 | 20 | 51 | ||||||||
| Net income attributable to Broadway Financial Corporation | 91 | 1,318 | 1,907 | 4,130 | ||||||||
| Other comprehensive loss, net of tax: | ||||||||||||
| Unrealized losses on securities available-for-sale arising during the period | (2,677) | (11,949) | (2,600) | (25,281) | ||||||||
| Income tax benefit | (770) | (3,382) | (747) | (7,364) | | |||||||
| Other comprehensive loss, net of tax | (1,907) | (8,567) | (1,853) | (17,917) | ||||||||
| Comprehensive (loss) income | $ (1,816) | $ (7,249) | $ 54 | $ (13,787) | ||||||||
| Earnings per common share-basic (in dollars per share) | [1] | $ 0.01 | $ 0.14 | $ 0.21 | $ 0.45 | |||||||
| Earnings per common share-diluted (in dollars per share) | [1] | $ 0.01 | $ 0.14 | $ 0.21 | $ 0.45 | |||||||
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- Definition Expenses incurred for appraisal and other loan expense during the period. No definition available.
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable, including off-balance sheet loan commitments. No definition available.
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- Definition Amount of expense associated with office services and supplies that were used during the current accounting period. No definition available.
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- Definition Amount of expense associated with the supervision incurred during the current accounting period. No definition available.
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- Definition Expenses incurred for travel during the period. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all borrowings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, before tax and adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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