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Earnings Per Share of Common Stock (Tables)
6 Months Ended
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