v3.26.1
Parent Company Only Condensed Financial Information (Tables)
 12 Months Ended
Dec. 31, 2025
Parent Company Only Condensed Financial Information [Abstract]  
Condensed Balance Sheet
Condensed financial information of Broadway Financial Corporation follows:
 
Condensed Balance Sheets
December 31,
 
   
2025
    
2024
  
   
(In thousands)
  
Assets
            
Cash and cash equivalents
  
$
70,165
    
$
73,172
  
Investment in bank subsidiary
    
187,152
      
205,744
  
Other assets
    
5,601
      
6,161
  
Total assets
  
$
262,918
    
$
285,077
  
Liabilities and stockholders’ equity
                
Accrued expenses and other liabilities
   $
167
     $
104
  
Stockholders’ equity
    
262,751
      
284,973
  
Total liabilities and stockholders’ equity
  
$
262,918
    
$
285,077
  
Condensed Statements of Income
Condensed Statements of Income
Years Ended December 31,
 
   
2025
    
2024
  
   
(In thousands)
  
Interest income
  
$
260
    
$
283
  
Interest expense
    
–
      
–
  
Other expense
    
(1,125
)
    
(988
)
Loss before income tax and undistributed subsidiary income
    
(865
)
    
(705
)
Income tax benefits
    
235
      
209
  
Equity in undistributed subsidiary (loss) income
    
(24,165
)
    
2,425
  
Net (loss) income
  
$
(24,795
)
  
$
1,929
  
Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
Years Ended December 31,
 
   
2025
    
2024
  
   
(In thousands)
  
Cash flows from operating activities
            
Net (loss) income
  
$
(24,795
)
  
$
1,929
  
Adjustments to reconcile net (loss) income to net cash used in operating activities:
                
Equity in undistributed subsidiary loss (income)
    
24,165
      
(2,425
)
Stock awards expenses
     625       593  
Change in other assets
    
(242
)
    
(2,927
)
Change in accrued expenses and other liabilities
    
63
      
(290
)
Net cash used in operating activities
    
(184
)
    
(3,120
)
Cash flows from financing activities
                
Dividends declared and paid- ECIP
     (3,000 )     (1,567 )
City First Bank Fund Manager II distribution
     (170 )     –  
Proceeds from repayment of ESOP loan
    
347
      
402
  
Net cash used in financing activities
    
(2,823
)
    
(1,165
)
Net change in cash and cash equivalents
    
(3,007
)
    
(4,285
)
Beginning cash and cash equivalents
    
73,172
      
77,457
  
Ending cash and cash equivalents
  
$
70,165
    
$
73,172