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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest and fees on loans receivable $ 13,117 $ 11,544
Interest on available-for-sale securities 1,208 2,075
Other interest income 476 1,589
Total interest income 14,801 15,208
Interest expense:    
Interest on deposits 4,199 2,799
Interest on borrowings 2,557 4,885
Total interest expense 6,756 7,684
Net interest income 8,045 7,524
Provision for credit losses 1,914 247
Net interest income after provision for credit losses 6,131 7,277
Non-interest income:    
Service charges 43 40
Grants 25 0
Other 220 266
Total non-interest income 288 306
Non-interest expense:    
Compensation and benefits 5,284 4,269
Occupancy expense 540 503
Information services 706 707
Professional services 700 1,410
Advertising and promotional expense 46 28
Supervisory costs 193 177
Corporate insurance 67 61
Amortization of core deposit intangible 79 84
Operational loss 1,943 0
Other 639 571
Total non-interest expense 10,197 7,810
Loss before income taxes (3,778) (227)
Income tax benefit (1,086) (54)
Net loss (2,692) (173)
Less: Net loss attributable to non-controlling interest (3) (19)
Net loss attributable to Broadway Financial Corporation (2,689) (154)
Less: Preferred stock dividends 750 0
Net loss attributable to common stockholders (3,439) (154)
Other comprehensive income (loss), net of tax:    
Unrealized gains (losses) on securities available-for-sale arising during the period 2,416 (803)
Income tax expense (benefit) 701 (232)
Other comprehensive income (loss), net of tax 1,715 (571)
Comprehensive loss $ (1,724) $ (725)
Loss per common share-basic (in dollars per share) $ (0.39) $ (0.02)
Loss per common share-diluted (in dollars per share) $ (0.39) $ (0.02)