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Earnings Per Share of Common Stock (Tables) | 9 Months Ended
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Sep. 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands, except share and per share data) |
Net income attributable to Broadway Financial Corporation |  | $ | 522 |  |  | $ | 91 |  |  | $ | 627 |  |  | $ | 1,907 |
Less: Net income attributable to participating securities |  |  | 5 |  |  |  | 1 |  |  |  | 4 |  |  |  | 27 |
Less: Preferred stock dividends |  |  | 750 |  |  |  | – |  |  |  | 817 |  |  |  | – |
Net (loss) income available to common stockholders |  | $ | (233 | ) |  | $ | 90 |  |  | $ | (194 | ) |  | $ | 1,880 |
Weighted average common shares outstanding for basic earnings per common share(1) |  |  | 8,520,730 |  |  |  | 8,709,301 |  |  |  | 8,386,919 |  |  |  | 8,756,189 |
Add: Effects of unvested restricted stock awards(1) |  |  | 163,566 |  |  |  | 116,493 |  |  |  | 179,156 |  |  |  | 123,004 |
Weighted average common shares outstanding for diluted earnings per common share(1) |  |  | 8,684,296 |  |  |  | 8,825,794 |  |  |  | 8,566,075 |  |  |  | 8,879,193 |
(Loss) earnings per common share - basic(1) |  | $ | (0.03 | ) |  | $ | 0.01 |  |  | $ | (0.02 | ) |  | $ | 0.21 |
(Loss) earnings per common share - diluted(1) |  | $ | (0.03 | ) |  | $ | 0.01 |  |  | $ | (0.02 | ) |  | $ | 0.21 |
(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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