XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest income:    
Interest and fees on loans receivable $ 48,807 $ 37,143
Interest on available-for-sale securities 7,034 8,697
Other interest income 6,368 1,388
Total interest income 62,209 47,228
Interest expense:    
Interest on deposits 13,183 7,512
Interest on borrowings 17,257 10,254
Total interest expense 30,440 17,766
Net interest income 31,769 29,462
Provision for credit losses 664 933
Net interest income after provision for credit losses 31,105 28,529
Non-interest income:    
Service charges 155 179
Grants 280 4,156
Other 1,119 1,022
Total non-interest income 1,554 5,357
Non-interest expense:    
Compensation and benefits 17,562 15,653
Occupancy expense 1,858 1,870
Information services 2,763 2,777
Professional services 3,449 3,126
Supervisory costs 785 613
Corporate insurance 234 245
Amortization of core deposit intangible 336 390
Other 2,907 2,689
Total non-interest expense 29,894 27,363
Income before income taxes 2,765 6,523
Income tax expense 814 1,985
Net income 1,951 4,538
Less: Net income attributable to non-controlling interest 25 24
Net income attributable to Broadway Financial Corporation 1,926 4,514
Less: Preferred stock dividends 1,567 0
Net income attributable to common stockholders 359 4,514
Other comprehensive income, net of tax:    
Unrealized gains on securities available-for-sale arising during the period 3,232 5,552
Income tax expense 930 1,604
Other comprehensive income, net of tax 2,302 3,948
Comprehensive income $ 2,661 $ 8,462
Earnings per common share-basic (in dollars per share) $ 0.04 $ 0.52
Earnings per common share-diluted (in dollars per share) $ 0.04 $ 0.51