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Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Parent Company Only Condensed Financial Information |
Schedule of condensed financial information of Broadway Financial Corporation | Condensed Balance Sheet December 31,
|  | 2017 |  | 2016 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 400 |  | $ | 895 |
Investment in bank subsidiary |  |  | 50,594 |  |  | 47,747 |
Other assets |  |  | 2,015 |  |  | 2,345 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets |  | $ | 53,009 |  | $ | 50,987 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and stockholders' equity |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 5,100 |  | $ | 5,100 |
Accrued expenses and other liabilities |  |  | 178 |  |  | 361 |
Stockholders' equity |  |  | 47,731 |  |  | 45,526 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities and stockholders' equity |  | $ | 53,009 |  | $ | 50,987 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Condensed Statements of Income Years ended December 31,
|  | 2017 |  | 2016 |
|  | (In thousands) |
Interest income |  | $ | 28 |  | $ | - |
Interest expense |  |  | (194 | ) |  | (167 | )
Other expense |  |  | (730 | ) |  | (1,033 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss before income tax and undistributed subsidiary income |  |  | (896 | ) |  | (1,200 | )
Income tax benefit (expense) |  |  | (326 | ) |  | 2,344 |
Equity in undistributed subsidiary income |  |  | 3,091 |  |  | 2,336 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income |  | $ | 1,869 |  | $ | 3,480 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Condensed Statements of Cash Flows Years ended December 31,
|  | 2017 |  | 2016 |
|  | (In thousands) |
Cash flows from operating activities |  |  |  |  |  |  |
Net income |  | $ | 1,869 |  | $ | 3,480 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |  |
Equity in undistributed subsidiary income |  |  | (3,091 | ) |  | (2,336 | )
Change in other assets |  |  | 330 |  |  | (2,345 | )
Change in accrued expenses and other liabilities |  |  | (183 | ) |  | 128 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in operating activities |  |  | (1,075 | ) |  | (1,073 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from investing activities |  |  |  |  |  |  |
Dividends from bank subsidiary |  |  | 500 |  |  | 4,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by investing activities |  |  | 500 |  |  | 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 | )
Proceeds from repayment of ESOP loan |  |  | 80 |  |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by (used in) financing activities |  |  | 80 |  |  | (4,048 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in cash and cash equivalents |  |  | (495 | ) |  | (1,121 | )
Beginning cash and cash equivalents |  |  | 895 |  |  | 2,016 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending cash and cash equivalents |  | $ | 400 |  | $ | 895 |
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