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Earnings Per Share of Common Stock (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands, except share and per share data) |
Net income attributable to Broadway Financial Corporation |  | $ | 269 |  |  | $ | 243 |  |  | $ | 105 |  |  | $ | 1,816 |
Less: Net income attributable to participating securities |  |  | 6 |  |  |  | 4 |  |  |  | 3 |  |  |  | 27 |
Income available to common stockholders |  | $ | 263 |  |  | $ | 239 |  |  | $ | 102 |  |  | $ | 1,789 |
Weighted average common shares outstanding for basic earnings per common share(1) |  |  | 8,394,367 |  |  |  | 8,683,764 |  |  |  | 8,308,359 |  |  |  | 8,772,198 |
Add: Dilutive effects of unvested restricted stock awards(1) |  |  | 202,618 |  |  |  | 128,230 |  |  |  | 204,903 |  |  |  | 130,149 |
Weighted average common shares outstanding for diluted earnings per common share(1) |  |  | 8,596,985 |  |  |  | 8,811,994 |  |  |  | 8,513,262 |  |  |  | 8,902,347 |
Earnings per common share - basic(1) |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.01 |  |  | $ | 0.20 |
Earnings per common share - diluted(1) |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.01 |  |  | $ | 0.20 |
(1) Retroactively adjusted, as applicable, for the 1-for-8 reverse stock split effective November 1, 2023 - see Note 1

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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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