Document and Entity Information - shares |
3 Months Ended | |
|---|---|---|
Mar. 31, 2025 |
Jul. 17, 2025 |
|
| Document Information [Line Items] | ||
| Document Type | 10-Q/A | |
| Amendment Flag | true | |
| Amendment Description | Broadway Financial Corporation (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (this “Form 10-Q/A”) to amend and restate certain information included in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on July 24, 2025 (the “Original Form 10-Q”). As disclosed in the Company’s Current Report on Form 8-K filed with the SEC on October 17, 2025, the Audit Committee of the Board of Directors of the Company, the holding company of City First Bank, National Association (“City First Bank”), based on consultations with the Company’s management, concluded that the Company’s unaudited interim consolidated financial statements for the quarter ended March 31, 2025 (the “Restated Period”), as previously filed with the SEC, should no longer be relied upon because of an error related to certain loan participation agreements and should therefore be restated. Specifically, the Company determined that several loan participation agreements originated by City First Bank and sold to other financial institutions did not meet the requirements in Accounting Standards Codification Topic 860 to be treated as sales for accounting purposes, and therefore should have been recorded as secured borrowing arrangements. In addition, subsequent to the filing of the Original Form 10-Q, management discovered that an appraisal had been received for a loan that was considered to be collateral dependent prior to the date that the financial statements for the quarter ended March 31, 2025, were available to be issued. This appraisal had not been considered when estimating the amount of expected credit losses for this particular loan as of March 31, 2025. | |
| Document Quarterly Report | true | |
| Document Period End Date | Mar. 31, 2025 | |
| Current Fiscal Year End Date | --12-31 | |
| Document Fiscal Year Focus | 2025 | |
| Document Fiscal Period Focus | Q1 | |
| Document Transition Report | false | |
| Entity File Number | 001-39043 | |
| Entity Registrant Name | BROADWAY FINANCIAL CORPORATION | |
| Entity Central Index Key | 0001001171 | |
| Entity Incorporation, State or Country Code | DE | |
| Entity Tax Identification Number | 95-4547287 | |
| Entity Address, Address Line One | 4601 Wilshire Boulevard, Suite 150 | |
| Entity Address, City or Town | Los Angeles | |
| Entity Address, State or Province | CA | |
| Entity Address, Postal Zip Code | 90010 | |
| City Area Code | 323 | |
| Local Phone Number | 634-1700 | |
| Title of 12(b) Security | Common Stock, par value $0.01 per share | |
| Trading Symbol | BYFC | |
| Security Exchange Name | NASDAQ | |
| Entity Current Reporting Status | No | |
| Entity Interactive Data Current | No | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | false | |
| Entity Shell Company | false | |
| Class A Voting Common Stock [Member] | ||
| Document Information [Line Items] | ||
| Entity Common Stock, Shares Outstanding | 6,097,773 | |
| Class B Non-Voting Common Stock [Member] | ||
| Document Information [Line Items] | ||
| Entity Common Stock, Shares Outstanding | 1,425,574 | |
| Class C Non-Voting Common Stock [Member] | ||
| Document Information [Line Items] | ||
| Entity Common Stock, Shares Outstanding | 1,672,562 |