BROADWAY FINANCIAL CORP DE
For the period ended Dec 31, 2023. Filed May 20, 2024.
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FY2023 · Filed May 20, 2024
BYFC$11.52-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
Statements ofChanges inStockholders’ Equity
(In thousands, except share and per share)
| Preferred Stock Non-Voting | Common Stock Voting | Common Stock Non-Voting | Additional Paid in Capital | Accumulated Other Comprehensive Loss | Retained Earnings | Unearned ESOP Shares | Treasury Stock | Non- Controlling Interest | Total Stockholders’ Equity | |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2021 | $3,000 | $58 | $35 | $140,940 | $(551) | $3,673 | $(829) | $(5,326) | $100 | $141,100 |
| Net income | – | – | – | – | – | 5,636 | – | – | 70 | 5,706 |
| Preferred shares issued | 150,000 | – | – | – | – | – | – | – | – | 150,000 |
| Increase in unreleased shares | – | – | – | – | – | – | (500) | – | – | (500) |
| Release of unearned ESOP shares | – | – | – | 2 | – | – | 64 | – | – | 66 |
| Stock-based compensation expense | – | – | – | 133 | – | – | – | – | – | 133 |
| Director stock compensation expense | – | – | – | 84 | – | – | – | – | – | 84 |
| Conversion of preferred shares to common shares | (3,000) | 2 | – | 2,998 | – | – | – | – | – | – |
| Conversion of non-voting shares into voting shares | – | 4 | (4) | – | – | – | – | – | – | – |
| Dividends paid on preferred stock | – | – | – | – | – | (15) | – | – | – | (15) |
| Other comprehensive loss, net of tax | – | – | – | – | (16,922) | – | – | – | – | (16,922) |
| Balance at December 31, 2022 | 150,000 | 64 | 31 | 144,157 | (17,473) | 9,294 | (1,265) | (5,326) | 170 | 279,652 |
| Cumulative effect of change related to adoption of ASU 2016-13 | – | – | – | – | – | (1,256) | – | – | – | (1,256) |
| Adjusted balance, January 1, 2023 | 150,000 | 64 | 31 | 144,157 | (17,473) | 8,038 | (1,265) | (5,326) | 170 | 278,396 |
| Net income | – | – | – | – | – | 4,514 | – | – | 24 | 4,538 |
| Release of unearned ESOP shares | – | – | – | (80) | – | – | 173 | – | – | 93 |
| Increase in unreleased shares | – | – | – | – | – | – | (3,400) | – | – | (3,400) |
| Stock-based compensation expense | – | (2) | – | 210 | – | – | – | – | – | 208 |
| Director stock compensation expense | – | – | – | 95 | – | – | – | – | – | 95 |
| Share repurchase - FDIC | – | – | – | (1,781) | – | – | – | – | – | (1,781) |
| Other comprehensive income, net of tax | – | – | – | – | 3,948 | – | – | – | – | 3,948 |
| Balance at December 31, 2023 | $150,000 | $62 | $31 | $142,601 | $(13,525) | $12,552 | $(4,492) | $(5,326) | $194 | $282,097 |
Consolidated
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