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Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2014
Parent Company Only Condensed Financial Information |
Schedule of condensed financial information of Broadway Financial Corporation | 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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