v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Interest and fees on loans receivable $ 14,353 $ 12,825 $ 27,640 $ 25,942
Interest on available-for-sale securities 3,210 1,171 5,823 2,379
Other interest income 240 401 549 877
Total interest income 17,803 14,397 34,012 29,198
Interest expense:        
Interest on deposits 6,985 4,879 12,975 9,078
Interest on borrowings 1,328 1,763 2,494 4,320
Total interest expense 8,313 6,642 15,469 13,398
Net interest income 9,490 7,755 18,543 15,800
Provision for (recapture of) credit losses 1,481 (454) 1,681 1,460
Net interest income after provision for (recapture of) credit losses 8,009 8,209 16,862 14,340
Non-interest income:        
Service charges 44 41 88 84
Grants 23 105 130 130
Earnings on bank owned life insurance 261 11 516 22
Management fees 475 37 489 87
Other 147 161 316 320
Total non-interest income 950 355 1,539 643
Non-interest expense:        
Compensation and benefits 4,253 4,412 9,139 9,696
Occupancy expense 458 485 966 1,025
Information services 804 774 1,744 1,480
Professional services 571 788 1,157 1,488
Advertising and promotional expense 56 61 180 107
Supervisory costs 179 156 364 349
Corporate insurance 56 66 111 133
Amortization of core deposit intangible 76 79 152 158
Operational loss 0 0 0 1,943
Other 1,023 701 1,678 1,340
Total non-interest expense 7,476 7,522 15,491 17,719
Income (loss) before income taxes 1,483 1,042 2,910 (2,736)
Income tax expense (benefit) 330 296 612 (790)
Net income (loss) 1,153 746 2,298 (1,946)
Less: Net income (loss) attributable to non-controlling interest 185 (6) 171 (9)
Net income (loss) attributable to Broadway Financial Corporation 968 752 2,127 (1,937)
Less: Preferred stock dividends 750 750 1,500 1,500
Net income (loss) attributable to common stockholders 218 2 627 (3,437)
Other comprehensive (loss) income, net of tax:        
Net income (loss) 1,153 746 2,298 (1,946)
Unrealized (losses) gains on securities available-for-sale arising during the period (609) 1,327 (2,115) 3,743
Income tax effect (178) 376 (614) 1,077
Other comprehensive (loss) income, net of tax (431) 951 (1,501) 2,666
Comprehensive income 722 1,697 797 720
Less: Net income (loss) attributable to non-controlling interest 185 (6) 171 (9)
Comprehensive income attributable to Broadway Financial Corporation $ 537 $ 1,703 $ 626 $ 729
Earnings (loss) per common share-basic (in Dollars per share) $ 0.02 $ 0 $ 0.07 $ (0.39)
Earnings (loss) per common share-diluted (in Dollars per share) $ 0.02 $ 0 $ 0.07 $ (0.39)