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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Interest and fees on loans receivable $ 13,418 $ 13,239 $ 39,360 $ 37,396
Interest on available-for-sale securities 1,690 1,635 4,069 5,586
Other interest income 683 1,735 1,560 4,757
Total interest income 15,791 16,609 44,989 47,739
Interest expense:        
Interest on deposits 5,363 3,209 14,441 9,094
Interest on borrowings 1,811 5,070 6,131 14,873
Total interest expense 7,174 8,279 20,572 23,967
Net interest income 8,617 8,330 24,417 23,772
Provision for credit losses 679 408 2,139 1,169
Net interest income after provision for credit losses 7,938 7,922 22,278 22,603
Non-interest income:        
Service charges 47 36 131 114
Grants 145 0 275 0
Other 230 380 659 881
Total non-interest income 422 416 1,065 995
Non-interest expense:        
Compensation and benefits 4,340 4,432 14,036 13,170
Occupancy expense 505 505 1,530 1,440
Information services 768 754 2,248 2,124
Professional services 624 982 2,112 2,955
Advertising and promotional expense 76 19 183 110
Supervisory costs 161 196 510 589
Corporate insurance 86 27 219 152
Amortization of core deposit intangible 78 84 236 252
Operational loss (recovery) (1,603) 0 340 0
Goodwill impairment 25,858 0 25,858 0
Other 625 595 1,965 1,892
Total non-interest expense 31,518 7,594 49,237 22,684
(Loss) income before income taxes (23,158) 744 (25,894) 914
Income tax expense (benefit) 736 206 (54) 291
Net (loss) income (23,894) 538 (25,840) 623
Less: Net (loss) income attributable to non-controlling interest (11) 22 (20) 5
Net (loss) income attributable to Broadway Financial Corporation (23,883) 516 (25,820) 618
Less: Preferred stock dividends 750 750 2,250 817
Net loss attributable to common stockholders (24,633) (234) (28,070) (199)
Other comprehensive income, net of tax:        
Unrealized gains on securities available-for-sale arising during the period 2,266 5,900 6,009 5,971
Income tax expense 653 1,703 1,730 1,724
Other comprehensive income, net of tax 1,613 4,197 4,279 4,247
Comprehensive (loss) income $ (23,020) $ 3,963 $ (23,791) $ 4,048
Loss per common share-basic (in dollars per share) $ (2.86) $ (0.03) $ (3.27) $ (0.02)
Loss per common share-diluted (in dollars per share) $ (2.86) $ (0.03) $ (3.27) $ (0.02)