BROADWAY FINANCIAL CORP \DE\
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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 Operations and Comprehensive Income
Statements of Operations andComprehensive Income
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands, except per share) | ||
| Interest income: | ||
| Interest and fees on loans receivable | $48,807 | $37,143 |
| Interest on available-for-sale securities | 7,034 | 8,697 |
| Other interest income | 6,368 | 1,388 |
| Total interest income | 62,209 | 47,228 |
| Interest expense: | ||
| Interest on deposits | 13,183 | 7,512 |
| Interest on borrowings | 17,257 | 10,254 |
| Total interest expense | 30,440 | 17,766 |
| Net interest income | 31,769 | 29,462 |
| Provision for credit losses | 664 | 933 |
| Net interest income after provision for credit losses | 31,105 | 28,529 |
| Non-interest income: | ||
| Service charges | 155 | 179 |
| Grants | 280 | 4,156 |
| Other | 1,119 | 1,022 |
| Total non-interest income | 1,554 | 5,357 |
| Non-interest expense: | ||
| Compensation and benefits | 17,562 | 15,653 |
| Occupancy expense | 1,858 | 1,870 |
| Information services | 2,763 | 2,777 |
| Professional services | 3,449 | 3,126 |
| Supervisory costs | 785 | 613 |
| Corporate insurance | 234 | 245 |
| Amortization of core deposit intangible | 336 | 390 |
| Other | 2,907 | 2,689 |
| Total non-interest expense | 29,894 | 27,363 |
| Income before income taxes | 2,765 | 6,523 |
| Income tax expense | 814 | 1,985 |
| Net income | $1,951 | $4,538 |
| Less: Net income attributable to non-controlling interest | 25 | 24 |
| Net income attributable to Broadway Financial Corporation | $1,926 | $4,514 |
| Less: Preferred stock dividends | 1,567 | - |
| Net income attributable to common stockholders | $359 | $4,514 |
| Other comprehensive income, net of tax: | ||
| Unrealized gains on securities available-for-sale arising during the period | $3,232 | $5,552 |
| Income tax expense | 930 | 1,604 |
| Other comprehensive income, net of tax | 2,302 | 3,948 |
| Comprehensive income | $2,661 | $8,462 |
| Earnings per common share-basic | $0.04 | $0.52 |
| Earnings per common share-diluted | $0.04 | $0.51 |
See accompanying notes to consolidated financial statements
ConsolidatedStatements ofChanges in
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