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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2018
Parent Company Only Condensed Financial Information |
Parent Company Only Condensed Financial Information | Note 15 – Parent Company Only Condensed Financial Information Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheet December 31,
|  | 2018 |  | 2017
|  | (In thousands)
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 156 |  | $ | 400
Investment in bank subsidiary |  |  | 51,221 |  |  | 50,594
Other assets |  |  | 2,225 |  |  | 2,015
Total assets |  | $ | 53,602 |  | $ | 53,009
Liabilities and stockholders’ equity |  |  |  |  |  |
Junior subordinated debentures |  | $ | 5,100 |  | $ | 5,100
Accrued expenses and other liabilities |  |  | 66 |  |  | 178
Stockholders’ equity |  |  | 48,436 |  |  | 47,731
Total liabilities and stockholders’ equity |  | $ | 53,602 |  | $ | 53,009
Condensed Statements of Income Years ended December 31,
|  | 2018 |  | 2017
|  | (In thousands)
Interest income |  | $ | 25 |  | $ | 28
Interest expense |  |  | (243) |  |  | (194)
Other expense |  |  | (469) |  |  | (730)
Loss before income tax and undistributed subsidiary income |  |  | (687) |  |  | (896)
Income tax benefit (expense) |  |  | 205 |  |  | (326)
Equity in undistributed subsidiary income |  |  | 1,297 |  |  | 3,091
Net income |  | $ | 815 |  | $ | 1,869
Condensed Statements of Cash Flows Years ended December 31,
|  | 2018 |  | 2017
|  | (In thousands)
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 815 |  | $ | 1,869
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |
Equity in undistributed subsidiary income |  |  | (1,297) |  |  | (3,091)
Change in other assets |  |  | (210) |  |  | 330
Change in accrued expenses and other liabilities |  |  | (112) |  |  | (183)
Net cash used in operating activities |  |  | (804) |  |  | (1,075)
Cash flows from investing activities |  |  |  |  |  |
Dividends from bank subsidiary |  |  | 600 |  |  | 500
Net cash provided by investing activities |  |  | 600 |  |  | 500
Cash flows from financing activities |  |  |  |  |  |
Common stock repurchased for tax withholdings |  |  | (108) |  |  | —
Proceeds from repayment of ESOP loan |  |  | 68 |  |  | 80
Net cash (used in) provided by financing activities |  |  | (40) |  |  | 80
Net change in cash and cash equivalents |  |  | (244) |  |  | (495)
Beginning cash and cash equivalents |  |  | 400 |  |  | 895
Ending cash and cash equivalents |  | $ | 156 |  | $ | 400

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- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph d -Subparagraph 4 -Subsection 10 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph c -Subparagraph 4 -Subsection 10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph a -Subsection 04 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph e -Subparagraph 4 -Subsection 10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph f -Subparagraph 4 -Subsection 10 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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