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Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Parent Company Only Condensed Financial Information |
Schedule of condensed financial information of Broadway Financial Corporation | Condensed Balance Sheet December 31,
|  | 2016 |  | 2015 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 895 |  | $ | 2,016 |
Investment in bank subsidiary |  |  | 47,747 |  |  | 49,480 |
Other assets |  |  | 2,345 |  |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets |  | $ | 50,987 |  | $ | 51,496 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and stockholders' equity |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 5,100 |  | $ | 5,100 |
Accrued expenses and other liabilities |  |  | 361 |  |  | 233 |
Stockholders' equity |  |  | 45,526 |  |  | 46,163 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities and stockholders' equity |  | $ | 50,987 |  | $ | 51,496 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Condensed Statements of Income Years ended December 31,
|  | 2016 |  | 2015 |
|  | (In thousands) |
Interest income |  | $ | - |  | $ | - |
Interest expense |  |  | (167 | ) |  | (146 | )
Other expense |  |  | (1,033 | ) |  | (484 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss before income tax and undistributed subsidiary income |  |  | (1,200 | ) |  | (630 | )
Income tax benefit (expense) |  |  | 2,344 |  |  | (1 | )
Equity in undistributed subsidiary income |  |  | 2,336 |  |  | 9,703 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | $ | 3,480 |  | $ | 9,072 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Condensed Statements of Cash Flows Years ended December 31,
|  | 2016 |  | 2015 |
|  | (In thousands) |
Cash flows from operating activities |  |  |  |  |  |  |
Net income |  | $ | 3,480 |  | $ | 9,072 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |  |
Equity in undistributed subsidiary income |  |  | (2,336 | ) |  | (9,703 | )
Change in other assets |  |  | (2,345 | ) |  | - |
Change in accrued expenses and other liabilities |  |  | 128 |  |  | (233 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in operating activities |  |  | (1,073 | ) |  | (864 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from investing activities |  |  |  |  |  |  |
Dividends from bank subsidiary |  |  | 4,000 |  |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by investing activities |  |  | 4,000 |  |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities |  |  |  |  |  |  |
Net proceeds from issuance of common stock |  |  | 1,125 |  |  | - |
Repurchase of common stock |  |  | (3,997 | ) |  | - |
Loan to ESOP |  |  | (1,176 | ) |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in financing activities |  |  | (4,048 | ) |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in cash and cash equivalents |  |  | (1,121 | ) |  | (864 | )
Beginning cash and cash equivalents |  |  | 2,016 |  |  | 2,880 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending cash and cash equivalents |  | $ | 895 |  | $ | 2,016 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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