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Earnings Per Share of Common Stock (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share of Common Stock [Abstract] |
Basic and Diluted Earnings Per Share of Common Stock | The following table shows how the Company computed basic and diluted earnings per share of common stock for the periods indicated:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (In thousands, except share and per share data) |
Net income attributable to Broadway Financial Corporation |  | $ | 91 |  |  | $ | 1,318 |  |  | $ | 1,907 |  |  | $ | 4,130 |
Less net income attributable to participating securities |  |  | 1 |  |  |  | 7 |  |  |  | 27 |  |  |  | 25 |
Income available to common stockholders |  | $ | 90 |  |  | $ | 1,311 |  |  | $ | 1,880 |  |  | $ | 4,105 |
Weighted average common shares outstanding for basic earnings per common share(1) |  |  | 8,709,301 |  |  |  | 9,069,410 |  |  |  | 8,756,189 |  |  |  | 9,048,363 |
Add: dilutive effects of unvested restricted stock awards(1) |  |  | 116,493 |  |  |  | 51,069 |  |  |  | 123,004 |  |  |  | 55,269 |
Add: dilutive effects of assumed exercise of stock options(2) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Weighted average common shares outstanding for diluted earnings per common share(1) |  |  | 8,825,794 |  |  |  | 9,120,479 |  |  |  | 8,879,193 |  |  |  | 9,103,632 |
Earnings per common share - basic(1) |  | $ | 0.01 |  |  | $ | 0.14 |  |  | $ | 0.21 |  |  | $ | 0.45 |
Earnings per common share - diluted(1) |  | $ | 0.01 |  |  | $ | 0.14 |  |  | $ | 0.21 |  |  | $ | 0.45 |
(1) Retroactively adjusted for the 1-for-8 reverse stock split effective November 1, 2023 - see Note 1
(2) Excluding 31,250 anti-dilutive vested stock options

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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