XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans receivable $ 7,336 $ 3,644
Interest on investment securities 591 56
Other interest income 84 77
Total interest income 8,011 3,777
Interest expense:    
Interest on deposits 350 383
Interest on borrowings 489 549
Total interest expense 839 932
Net interest income 7,172 2,845
Loan loss provision 148 0
Net interest income after loan loss provision 7,024 2,845
Non-Interest Income:    
Service charges 64 93
Other 217 30
Total non-interest income 281 123
Non-Interest Expense:    
Compensation and benefits 3,619 5,390
Occupancy expense 442 308
Information services 865 241
Professional services 364 1,939
Office services and supplies 157 95
Corporate insurance 61 246
Amortization of investment in affordable housing limited partnership 53 26
Amortization of core deposit intangible 109 0
Other 290 382
Total non-interest expense 5,960 8,627
Income (loss) before income taxes 1,345 (5,659)
Income tax expense (benefit) 363 (2,172)
Net income (loss) 982 (3,487)
Less: Net income attributable to non-controlling interest 24 0
Net income (loss) attributable to Broadway Financial Corporation 958 (3,487)
Other comprehensive loss, net of tax:    
Unrealized loss on securities available-for-sale arising during the period (8,154) (158)
Income tax benefit (2,307) (47)
Other comprehensive loss, net of tax (5,847) (111)
Comprehensive loss $ (4,889) $ (3,598)
Income (loss) per common share-basic (in dollars per share) $ 0.01 $ (0.13)
Income (loss) per common share-diluted (in dollars per share) $ 0.01 $ (0.13)