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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2014
Parent Company Only Condensed Financial Information |
Parent Company Only Condensed Financial Information | Note 17—Parent Company Only Condensed Financial Information Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheet December 31,
|  | 2014 |  | 2013 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,880 |  | $ | 1,231 |
Investment in bank subsidiary |  |  | 39,944 |  |  | 34,127 |
Other assets |  |  | — |  |  | 2 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets |  | $ | 42,824 |  | $ | 35,360 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and stockholders' equity |  |  |  |  |  |  |
Senior debt |  | $ | — |  | $ | 2,923 |
Junior subordinated debentures |  |  | 5,100 |  |  | 6,000 |
Accrued expenses and other liabilities |  |  | 466 |  |  | 847 |
Stockholders' equity |  |  | 37,258 |  |  | 25,590 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities and stockholders' equity |  | $ | 42,824 |  | $ | 35,360 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Condensed Statements of Operations Years ended December 31,
|  | 2014 |  | 2013 |
|  | (In thousands) |
Interest income |  | $ | — |  | $ | — |
Interest expense |  |  | (180 | ) |  | (557 | )
Gain on restructuring of debt |  |  | 365 |  |  | 1,221 |
Other expense |  |  | (875 | ) |  | (815 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss before income tax and undistributed subsidiary income (loss) |  |  | (690 | ) |  | (151 | )
Income taxes expense |  |  | (2 | ) |  | (2 | )
Equity in undistributed subsidiary income (loss) |  |  | 3,221 |  |  | (148 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) |  | $ | 2,529 |  | $ | (301 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Condensed Statements of Cash Flows Years ended December 31,
|  | 2014 |  | 2013 |
|  | (In thousands) |
Cash flows from operating activities |  |  |  |  |  |  |
Net income (loss) |  | $ | 2,529 |  | $ | (301 | )
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |
Equity in undistributed subsidiary (income) loss |  |  | (3,221 | ) |  | 148 |
Gain on restructuring of debt |  |  | (365 | ) |  | (1,221 | )
Amortization of deferred gain on debt restructuring |  |  | (133 | ) |  | (37 | )
Stock-based compensation—non-employee |  |  | 25 |  |  | — |
Change in other assets |  |  | 2 |  |  | 338 |
Change in accrued expenses and other liabilities |  |  | (381 | ) |  | 507 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in operating activities |  |  | (1,544 | ) |  | (566 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from investing activities |  |  |  |  |  |  |
Investment in bank subsidiary |  |  | (2,500 | ) |  | (1,200 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in investing activities |  |  | (2,500 | ) |  | (1,200 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities |  |  |  |  |  |  |
Reduction in amount due to bank subsidiary |  |  | — |  |  | (521 | )
Net proceeds from issuance of common stock and Recapitalization |  |  | 9,018 |  |  | 3,398 |
Repayments on senior debt |  |  | (2,425 | ) |  | — |
Repayments on junior subordinated debentures |  |  | (900 | ) |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by financing activities |  |  | 5,693 |  |  | 2,877 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in cash and cash equivalents |  |  | 1,649 |  |  | 1,111 |
Beginning cash and cash equivalents |  |  | 1,231 |  |  | 120 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending cash and cash equivalents |  | $ | 2,880 |  | $ | 1,231 |
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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