Broadway financial corp \de\ (BYFC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest Income:
Interest and fees on loans receivable

15,845

14,279

15,397

14,485

14,230

14,994

15,331

19,279

24,376

29,047

Interest on investment securities

359

413

318

323

351

370

306

491

700

964

Other interest income

643

545

572

482

574

365

329

121

39

52

Total interest income

16,847

15,237

16,287

15,290

15,155

15,729

15,966

19,891

25,115

30,063

Interest Expense:
Interest on deposits

4,276

3,089

2,398

2,180

1,910

1,726

2,239

3,246

4,493

5,910

Interest on borrowings

2,110

1,840

1,950

1,697

1,954

2,142

2,625

3,180

3,558

3,363

Total interest expense

6,386

4,929

4,348

3,877

3,864

3,868

4,864

6,426

8,051

9,273

Net interest income before loan loss provision recapture

10,461

10,308

11,939

11,413

11,291

11,861

11,102

13,465

17,064

20,790

Loan loss provision recapture

-

-

-1,100

-550

-3,700

-2,932

414

1,190

12,153

4,465

Loan loss provision (recapture)

-7

-1,254

-

-

-

-

-

-

-

-

Net interest income after loan loss provision (recapture)

10,468

11,562

13,039

11,963

14,991

14,793

10,688

12,275

4,911

16,325

Non-Interest Income:
Service charges

491

449

446

-

-

-

-

-

-

-

Service charges

-

-

-

489

453

437

536

593

692

-

Net gain on sale of loans

204

70

560

-

1,751

-

-

-

-

-

CDFI grant

233

233

227

-

-

-

-

-

-

-

CDFI grant

-

-

-

265

355

-

-

-

-

-

Income from litigation settlement

-

-

1,183

-

-

-

-

-

-

-

Loan servicing fees, net

-

-

-

-

-

-

-

-175

-

-

Loan servicing fees, net

-

-

-

-

-

-

-

-

13

-

Service charges

-

-

-

-

-

-

-

-

-

881

Net losses on mortgage banking activities

-

-

-

-

-

-

-

-

-

46

Net gain on sales of loans

-

-

-

-

-

19

110

-253

-88

-

Gain (loss) on sale/disposal of office properties and equipment

-

-

-

-

-

-

-

2,523

0

-

Gain on sale of securities

-

-

-

-

-

-

-

50

-

-

Gain on restructuring of debt

-

-

-

-

-

365

1,221

-

-

-

Net gain (loss) on sale of REOs

-

-

-

-

-

-

112

292

-35

-88

CDFI grant

-

-

-

-

-

200

-

-

-

-

Gain on sale of securities

-

-

-

-

-

-

-

-

0

-

Other

124

113

114

290

349

52

143

103

131

1,593

Total non-interest income

1,052

865

2,530

1,044

2,908

1,073

2,122

3,133

713

2,432

Non-Interest Expense:
Compensation and benefits

7,357

7,055

7,092

7,025

8,105

6,887

5,846

6,239

6,541

6,657

Occupancy expense

1,265

1,278

1,278

1,196

1,208

1,210

1,243

1,288

1,436

1,429

Information services

888

822

818

758

880

845

845

882

868

807

Professional services

1,144

653

716

1,154

877

1,085

861

692

962

1,167

Amortization of investment in affordable housing limited partnership

-

-

-

-

-

-

219

-

-

-

Office services and supplies

280

289

302

289

299

384

408

447

539

548

REO expense

-

-

-

-

-

572

-

-

-

-

Loan related expenses

163

167

205

-

-

-

-

-

-

-

Loan related expenses

-

-

-

245

-

-

599

-

-

-

Provision for losses on REO

-

-

-

-

-

-

-

-1,218

-

-

Provision for (recapture of) losses on loans held for sale

-

-

-

-

-

-

-

-

1,612

1,188

Provision for (recapture of) losses on REO

-

-

-

-

-

-

-

-

2,654

1,102

FDIC assessments

-

-

-

-

429

709

751

860

1,017

1,043

Corporate insurance

133

147

196

234

319

-

-

-

-

-

Amortization of investment in affordable housing limited partnership

179

195

195

193

-

-

-

-

-

-

Provision for losses on loans receivable held for sale

-

-

-

-

-

-

153

-84

-

-

REO expenses

-

-

-

-

-

-

590

-

-

-

Regulatory assessments

-

-

-

-

-

-

214

-

-

-

Corporate insurance

-

-

-

-

-

378

503

-

-

-

Other

662

950

1,035

658

1,284

1,264

875

2,449

2,408

1,560

Total non-interest expense

12,071

11,556

11,837

11,752

13,401

13,334

13,107

13,991

18,037

15,501

(Loss) income before income taxes

-551

871

3,732

1,255

4,498

2,532

-297

1,417

-12,413

3,256

Income tax (benefit) expense

-345

56

1,863

-2,225

-4,574

3

4

829

1,842

1,341

Net (loss) income

-206

815

1,869

3,480

9,072

2,529

-301

588

-14,255

1,915

Other comprehensive income, net of tax:
Unrealized gains on securities available-for-sale arising during the period

369

-292

-98

-178

-167

85

-238

-203

532

145

Income tax expense

109

-90

-54

-77

-

-

-

-

-

-

Reclassification of net gains included in net income

-

-

-

-

-

-

-

50

-

-

Reclassification of net gains included in net income

-

-

-

-

-

-

-

-

0

-

Income tax effect

-

-

-

-

-

-

-

-

224

-58

Other comprehensive income, net of tax

260

-202

-44

-101

-167

85

-238

-253

308

-

Other comprehensive (loss) income, net of tax

-

-

-

-

-

-

-

-

-

87

Comprehensive income

54

613

1,825

3,379

8,905

2,614

-539

335

-13,947

2,002

Net income (loss)

-206

815

1,869

3,480

-

-

-301

588

-14,255

1,915

Dividends and discount accretion on preferred stock

-

-

-

-

-

-

779

1,281

1,114

1,145

Income (loss) allocable to common stockholders

-

-

-

-

-

-

-1,080

-693

-15,369

770

(Loss) earnings per common share-basic

-0.01

0.03

0.07

0.12

0.31

0.11

-0.13

-0.38

-8.81

0.44

(Loss) earnings per common share-diluted

-0.01

0.03

0.07

0.12

0.31

0.11

-0.13

-0.38

-8.81

0.44