Broadway Financial (BYFC) 10-K 15 Apr 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-39043
Entity Registrant Name	BROADWAY FINANCIAL CORPORATION
Entity Central Index Key	0001001171
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4547287
Entity Address, Address Line One	4601 Wilshire Boulevard, Suite 150
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	634-1700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BYFC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Entity Public Float			$ 169,325,000
Auditor Name	Moss Adams LLP
Auditor Location	Sacramento, California
Auditor Firm ID	659
Class A Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		45,788,946
Class B Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,404,618
Class C Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,768,172

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and due from banks	$ 38,418	$ 71,110
Interest-bearing deposits in other banks	193,102	24,999
Cash and cash equivalents	231,520	96,109
Investment securities available-for-sale, at fair value	156,396	10,698
Loans receivable held for investment, net of allowance of $3,391 and $3,215	648,513	360,129
Accrued interest receivable	3,372	1,202
Federal Home Loan Bank (FHLB) stock	2,573	3,431
Federal Reserve Bank (FRB) stock	693	0
Office properties and equipment, net	10,344	2,540
Bank owned life insurance	3,190	3,147
Deferred tax assets, net	6,101	5,633
Core deposit intangible, net	2,936	0
Goodwill	25,996	0
Other assets	1,871	489
Total assets	1,093,505	483,378
Liabilities:
Deposits	788,052	315,630
FHLB advances	85,952	110,500
Junior subordinated debentures	0	3,315
Securities sold under agreements to repurchase	51,960	0
Notes payable	14,000	0
Other liabilities	12,441	5,048
Total liabilities	952,405	434,493
Commitments and Contingencies
Stockholders' Equity:
Additional paid-in capital	140,289	46,851
Retained earnings	3,673	7,783
Unearned Employee Stock Ownership Plan (ESOP) shares	(829)	(893)
Accumulated other comprehensive (loss) income, net of tax	(551)	164
Treasury stock-at cost, 2,617,826 shares at December 31, 2021 and at December 31, 2020	(5,326)	(5,326)
Total stockholders' equity	141,000	48,885
Non-controlling interest	100	0
Total liabilities and stockholders' equity	1,093,505	483,378
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]
Stockholders' Equity:
Cumulative Redeemable Perpetual Preferred stock, Series A, authorized 3,000 shares at December 31, 2021 and none at December 31, 2020; issued and outstanding 3,000 shares at December 31, 2021 and none at December 31, 2020, liquidation value $1,000 per share	3,000	0
Class A Voting Common Stock [Member]
Stockholders' Equity:
Common stock	463	219
Class B Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock	114	0
Class C Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock	$ 167	$ 87

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020
Assets:
Allowance for loan losses	$ 3,391	[1]	$ 3,215
Stockholders' Equity:
Treasury stock, shares (in shares)	2,617,826		2,617,826
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]
Stockholders' Equity:
Preferred stock, shares authorized (in shares)	3,000		0
Preferred stock, shares issued (in shares)	3,000		0
Preferred stock, shares outstanding (in shares)	3,000		0
Preferred stock, liquidation value (in dollars per share)	$ 1,000		$ 1,000
Class A Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Common stock, shares authorized (in shares)	75,000,000		50,000,000
Common stock, shares issued (in shares)	46,291,852		21,899,584
Common stock, shares outstanding (in shares)	43,674,026		19,281,758
Class B Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Common stock, shares authorized (in shares)	15,000,000		0
Common stock, shares issued (in shares)	11,404,618		0
Common stock, shares outstanding (in shares)	11,404,618		0
Class C Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Common stock, shares authorized (in shares)	25,000,000		25,000,000
Common stock, shares issued (in shares)	16,689,775		8,756,396
Common stock, shares outstanding (in shares)	16,689,775		8,756,396
[1]	Loans acquirqed in the City First Merger and PPP loans originated since the merger were not considered in this analysis.

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest income:
Interest and fees on loans receivable	$ 22,831	$ 17,016
Interest on investment securities	1,396	253
Other interest income	525	375
Total interest income	24,752	17,644
Interest expense:
Interest on deposits	1,676	3,163
Interest on borrowings	2,073	2,312
Total interest expense	3,749	5,475
Net interest income before loan loss provision	21,003	12,169
Loan loss provision	176	29
Net interest income after loan loss provision	20,827	12,140
Non-Interest Income:
Service charges	249	420
Net gain on sales of loans	0	276
CDFI Grant	2,043	203
Other	922	126
Total non-interest income	3,214	1,025
Non-Interest Expense:
Compensation and benefits	16,007	8,362
Occupancy expense	1,781	1,288
Information services	3,817	937
Professional services	3,701	2,299
Corporate insurance	345	126
Supervisory costs (OCC and FDIC)	493	199
Office services and supplies	284	354
Amortization of core deposit intangible	393	0
Other	2,106	649
Total non-interest expense	28,927	14,214
Loss before tax benefits	(4,886)	(1,049)
Income tax benefits	(937)	(407)
Net loss	(3,949)	(642)
Less: Net income attributable to non-controlling interest	101	0
Net loss attributable to Broadway Financial Corporation	(4,050)	(642)
Other comprehensive loss, net of tax:
Unrealized (loss) gains on securities available-for-sale arising during the period	(998)	266
Income tax (benefit) expense	(283)	79
Other comprehensive (loss) income, net of tax	(715)	187
Comprehensive loss	$ (4,765)	$ (455)
Loss per common share - basic (in dollars per share)	$ (0.07)	$ (0.02)
Loss per common share - diluted (in dollars per share)	$ (0.07)	$ (0.02)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 12 months ended Dec. 31, 2021 - USD ($) $ in Thousands	Preferred Stock [Member]Preferred Stock Non-Voting [Member]	Common Stock [Member]Common Stock Voting [Member]	Common Stock [Member]Common Stock Non-Voting [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive loss [Member]	Retained Earnings (Substantially Restricted) [Member]	Unearned ESOP Shares [Member]	Treasury Stock [Member]	Non-controlling Interest [Member]	Total
Balance at Dec. 31, 2020	$ 0	$ 219	$ 87	$ 46,851	$ 164	$ 7,783	$ (893)	$ (5,326)	$ 0	$ 48,885
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	0	0	(4,050)	0	0	101	(3,949)
Preferred shares issued in business combination	3,000	0	0	0	0	0	0	0	0	3,000
Dividends paid on preferred stock	0	0	0	0	0	(60)	0	0	0	(60)
Common shares issued in business combination	0	140	114	62,839	0	0	0	0	164	63,257
Shares transferred from voting to non-voting after business combination	0	(7)	7	0	0	0	0	0	0	0
Common shares issued in private placement	0	112	73	30,652	0	0	0	0	0	30,837
Release of unearned ESOP shares	0	0	0	45	0	0	64	0	0	109
Restricted stock compensation expense	0	0	0	363	0	0	0	0	0	363
Stock awarded to directors	0	0	0	45	0	0	0	0	0	45
Stock option compensation expense	0	0	0	7	0	0	0	0	0	7
Common stock cancelled for payment of tax withholdings	0	(1)	0	(513)	0	0	0	0	0	(514)
Payment to non-controlling interest	0	0	0	0	0	0	0	0	(165)	(165)
Other comprehensive loss, net of tax	0	0	0	0	(715)	0	0	0	0	(715)
Balance at Dec. 31, 2021	$ 3,000	$ 463	$ 281	$ 140,289	$ (551)	$ 3,673	$ (829)	$ (5,326)	$ 100	$ 141,100

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (3,949)	$ (642)
Adjustments to reconcile net loss to net cash provided by operating activities:
Loan loss provision	176	29
Depreciation	287	121
Net (accretion) amortization of deferred loan origination costs	(229)	275
Net amortization of premiums on mortgage-backed securities	643	37
Amortization of investment in affordable housing limited partnership	52	105
Amortization of core deposit intangible	393	0
Amortization of premium on FHLB advances	(38)	0
ESOP compensation expense	109	68
Earnings on bank owned life insurance	(43)	(47)
Valuation allowance on deferred tax asset	369	0
Originations of loans receivable held for sale	0	(118,626)
Proceeds from sales and repayments of loans receivable held for sale	0	105,211
Gain on sale of loans receivable held for sale	0	(276)
Changes in operating assets and liabilities:
Net change in deferred taxes	(1,272)	(492)
Net change in accrued interest receivable	(533)	21
Net change in other assets	856	114
Net change in accrued expenses and other liabilities	3,330	123
Net cash provided by (used in) operating activities	566	(13,555)
Cash flows from investing activities:
Cash acquired in business combination	84,745	0
Net change in loans receivable held for investment	(62,446)	51,105
Principal payments on available-for-sale securities	19,159	2,537
Purchases of available-for-sale securities	(16,523)	(2,000)
Purchase of FHLB stock	(152)	(742)
Redemption of FHLB stock	1,378	227
Additions to office properties and equipment	(1,138)	(415)
Net cash provided by (used in) investing activities	25,023	50,712
Cash flows from financing activities:
Net change in deposits	118,700	17,906
Proceeds from FHLB advances	5,000	60,000
Repayments of FHLB advances	(32,676)	(33,500)
Net change in securities sold under agreements to repurchase	(7,985)	0
Repayment of junior subordinated debentures	(3,315)	(1,020)
Proceeds from issuance of common stock, net of issuance costs	30,837	0
Payment for tax withholding for vesting of restricted stock	(514)	0
Cash dividends paid on preferred stock	(60)	0
Payment to non-controlling interest	(165)	0
Net cash provided by financing activities	109,822	43,386
Net change in cash and cash equivalents	135,411	80,543
Cash and cash equivalents at beginning of the year	96,109	15,566
Cash and cash equivalents at end of the year	231,520	96,109
Supplemental disclosures of cash flow information:
Cash paid for interest	3,716	5,771
Cash paid for income taxes	711	8
Supplemental disclosures of non-cash investing and financing:
Transfers of loans receivable held for sale to loans receivable held for investment	0	13,691
Initial recognition of right of use asset	1,119	0
Initial recognition of operating lease liabilities	1,119	0
Assets acquired (liabilities assumed) in acquisition:
Securities available for sale, at fair value	149,975	0
Loans receivable	225,885	0
Accrued interest receivable	1,637	0
FHLB and FRB stock	1,061	0
Office property and equipment	6,953	0
Goodwill	25,966	0
Core deposit intangible	3,329	0
Other assets	2,290	0
Deposits	(353,722)	0
FHLB advances	(3,166)	0
Securities sold under agreements to repurchase	(59,945)	0
Other borrowings	(14,000)	0
Deferred taxes	(717)	0
Accrued expenses and other liabilities	(4,063)	0
Preferred Stock [Member]
Assets acquired (liabilities assumed) in acquisition:
Issuance of stock	(3,000)	0
Common Stock [Member]
Assets acquired (liabilities assumed) in acquisition:
Issuance of stock	(63,257)	0
Employees, Excluding Directors [Member]
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation expense	370	379
Directors [Member]
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation expense	$ 45	$ 45

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Nature of Operations and Principles of Consolidation Broadway Financial Corporation (the “Company”) was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association (“Broadway Federal”) as part of the Bank’s conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the Bank’s name was changed to Broadway Federal Bank, f.s.b. The conversion was completed, and the Bank became a wholly‑owned subsidiary of the Company, in January 1996. On April 1, 2021, the Company completed its merger with CFBanc Corporation (“CFBanc”), with the Company continuing as the surviving entity. Immediately following the CFBanc Merger, Broadway Federal Bank, f.s.b. merged with and into City First Bank of D.C, National Association with City First Bank of D.C., National Association continuing as the surviving entity (combined with Broadway Federal, “City First” or the “Bank”). Concurrently with the Merger, the Bank changed its name to City First Bank, National Association. The Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in the Bank’s market areas. At December 31, 2021, the Bank operated three retail‑banking offices: Los Angeles and in the nearby city of Inglewood in California, and another in Washington, D.C. The Bank is subject to significant competition from other financial institutions and is also subject to regulation by certain federal agencies and undergoes periodic examinations by those regulatory authorities. The accompanying consolidated financial statements include Broadway Financial Corporation and its wholly owned subsidiary, City First Bank, National Association (together with the Company, “City First Broadway”). Also included in the consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. The results of Broadway Service Corporation, a wholly owned subsidiary of the Bank, are also included in the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”), management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ from these estimates. The allowance and provision for loan losses, specific reserves for impaired loans, fair value of acquired assets and liabilities in business combinations, Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, amounts due from correspondent banks and the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and interest‑bearing deposits in other banks with initial terms of ninety days or less. The Company may be required to maintain reserve and clearing balances with the Federal Reserve Bank under the Federal Reserve Act of 1913, as amended. Effective on March 26, 2020, as a part of Federal Reserve Bank’s tools to promote maximum employment, Federal Reserve Bank Board reduced reserve requirement ratios to zero. The reserve and clearing requirement balance were no longer required at December 31, 2021. Net cash flows are reported for customer loan and deposit transactions, interest‑bearing deposits in other banks, deferred income taxes and other assets and liabilities. Investment Securities Securities are classified as held‑to‑maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Securities are classified as available‑for‑sale when they might be sold before maturity. Securities available‑for‑sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level‑yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other‑than‑temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Consideration is given to the financial condition and near‑term prospects of the issuer, the length of time and the extent to which the fair value has been less than the cost, and the intent and ability of management to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. Loans Receivable Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of allowance for loan losses, deferred loan fees and costs and unamortized premiums and discounts. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, premiums and discounts are deferred, and recognized in income using the level‑yield method without anticipating prepayments. Interest income on all loans is discontinued at the time the loan is 90 days delinquent unless the loan is well‑secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non‑accrual or charged‑off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on non‑accrual is reversed against interest income. Interest received on such loans is accounted for on the cash‑basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Concentration of Credit Risk Concentrations of credit risk arise when several customers are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s lending activities are predominantly in real estate loans that are secured by properties located in Southern California and in Washington D.C., and many of the borrowers reside in those areas. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy and real estate market in the markets in which the Company operates. Loans Purchased The Bank purchases or participates in loans originated by other institutions from time to time. Subject to regulatory restrictions applicable to savings institutions, the Bank’s current loan policies allow all loan types to be purchased. The determination to purchase specific loans or pools of loans is based upon the Bank’s investment needs and market opportunities and is subject to the Bank’s underwriting policies, which require consideration of the financial condition of the borrower and the appraised value of the property, among other factors. Premiums or discounts incurred upon the purchase of loans are recognized in income using the interest method over the estimated life of the loans, adjusted for actual prepayments. No loans were purchased during 2021 and 2020. Purchased Credit Impaired Loans As part the Company’s merger with CFBanc, the Company acquired certain loans that have shown evidence of credit deterioration since origination; these loans are referred to as purchased credit impaired loans (“PCI loans”). These PCI loans are recorded at their fair value at acquisition, such that there is no carryover of the seller’s allowance for loan losses. Such PCI loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each PCI loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the PCI loan, expected cash flows continue to be estimated each quarter. If the present value of expected cash flows decreases from the prior estimate, a provision for loan losses is recorded and an allowance for loan losses is established. If the present value of expected cash flows increases from the prior estimate, the increase is recognized as part of future interest income. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment. Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent cash recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, could be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDR”) and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on case‑by‑case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, either a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or alternatively a charge‑off is taken to record the loan at the fair value of the collateral, less estimated selling costs, if repayment is expected solely from the collateral. TDRs are individually evaluated for impairment and included in the separately identified impairment disclosures. TDRs are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of any necessary additional charge‑off based on internal analyses and appraisals of the underlying collateral securing these loans. The general component covers loans that are collectively evaluated for impairment and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment with the use of a loss migration analysis and is based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is supplemented with information about other current economic factors based on the risks present for each portfolio segment. These current economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge‑offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. The following portfolio segments have been identified: one‑to‑four units (“single family”), five or more units (“multi‑family”), commercial real estate, church, construction, commercial loans, and consumer loans. The risks in our various portfolio segments are as follows: Single Family Multi‑Family Commercial Real Estate Church Construction Commercial Consumer Real Estate Owned Assets acquired through, or by deed in lieu of, loan foreclosure are initially recorded at fair value less estimated costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through a provision that is charged to non‑interest expense. Operating costs after acquisition are expensed as incurred. The Company had no REO assets as of December 31, 2021 or December 31, 2020. Business Combinations Business combinations are accounted for using the acquisition accounting method. Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on the acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and that are determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed. The Company has selected November 30th as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Company’s consolidated statement of financial condition. Core deposit intangible assets arising from mergers and acquisitions are amortized on an accelerated basis reflecting the pattern in which the economic benefits of the intangible asset are consumed or otherwise used up. The estimated life of the core deposit intangible is approximately 10 years. Office Properties and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight‑line method with useful lives ranging from 10 to 40 years. Furniture, fixtures, and equipment are depreciated using the straight‑line method with useful lives ranging from 3 to 10 years. Leasehold improvements are amortized over the lease term or the estimated useful life of the asset, whichever is shorter. Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock The Bank is a member of the FHLB and FRB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of their par value. Both cash and stock dividends are reported as income when declared. Bank‑Owned Life Insurance The Bank has purchased life insurance policies on a former key executive. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Investment in Affordable Housing Limited Partnership The Bank owns a less than 5% interest in an affordable housing limited partnership. The investment is recorded using the cost method and is being amortized over the life of the related tax credits. The tax credits are being recognized in income tax expense in the consolidated financial statements to the extent they are utilized on the Company’s income tax returns. The investment is reviewed for impairment on an annual basis or on an interim basis if an event occurs that would trigger potential impairment. Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Variable Interest Entities (“VIE”) An entity is considered to be a VIE when it does not have sufficient equity investment at risk, the equity investors as a group lack the characteristics of a controlling financial interest, or the entity is structured with disproportionate voting rights and substantially all of the entity’s activities are conducted on behalf of an investor with disproportionately few voting rights. The Company is required to consolidate a VIE when it holds a variable interest in the VIE and is also the primary beneficiary of the VIE. CFC 45 is a Community Development Entity (“CDE”), and is considered to be a VIE. The Company is the primary beneficiary because it has the power to direct activities that most significantly affect the economic performance of CFC 45 and has the obligation to absorb the majority of the losses or benefits of its financial performance. Noncontrolling Interests For consolidated subsidiaries that are less than wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The portion of net income attributable to noncontrolling interests for such subsidiaries is presented as net income applicable to noncontrolling interests on the consolidated statements of operations and comprehensive income, and the portion of the stockholders’ equity of such subsidiaries is presented as noncontrolling interests on the consolidated statements of financial condition and consolidated statements of changes in stockholders’ equity. Revenue Recognition Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires the Company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. Most of our revenue‑generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans and investment securities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. The Company’s revenue stream that is within the scope of Topic 606 is primarily service charges on deposit accounts, which consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Stock‑Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees, based on the fair value of these awards at the date of grant. A Black‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Compensation cost is recognized on a straight‑line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur. Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest related to income tax matters in interest expense and penalties related to tax matters in income tax expense. Retirement Plans Employee 401(k) expense is the amount of matching contributions made by the Company. Employee Stock Ownership Plan (ESOP) The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest. Earnings (Loss) Per Common Share Basic earnings (loss) per share of common stock is computed pursuant to the two‑class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards using treasury stock method and additional potential common shares issuable under stock options. Because the Company recorded losses for the years ended December 31, 2021 and 2020, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in either year. Comprehensive Loss Comprehensive loss consists of the net loss from operations and other comprehensive income or loss. Other comprehensive loss includes unrealized gains and losses on securities available‑for‑sale, net of tax, which are also recognized as separate components of equity. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe that any such matters existed as of the balance sheet date that will have a material effect on the consolidated financial statements. Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair values are estimated using relevant market information and other assumptions, as more fully disclosed in Note 10. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Operating Segments The Company operates as a single segment. The operating information used by management to assess performance and make operating decisions about the Company is the consolidated financial data presented in these financial statements. For the years ended 2021 and 2020, the Company has determined that banking is its one reportable business segment. Reclassifications Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year consolidated net income or stockholders’ equity. Accounting Pronouncements Yet to Be Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 replaces the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (CECL) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held-to-maturity debt securities, and reinsurance receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance (such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor. For debt securities with other-than-temporary impairment, the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchased credit deteriorated (PCD) assets at the date of adoption. The asset will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. On October 16, 2019, the FASB voted to affirm the proposed amended effective date for ASU 2016-13 for smaller reporting companies (“SRCs”) as defined by the SEC. The final ASU, which was issued in November 2019, delays the implementation date for ASU 2016-13 to fiscal years beginning after December 15, 2022. SRCs are defined as companies with less than $250 million of public float or less than $100 million in annual revenues for the previous year and no public float or public float of less than $700 million. The Company qualifies as an SRC, and management will implement ASU 2016-13 in the first quarter of 2023. The estimated financial impact has not yet been determined. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This ASU clarifies the scope of the credit losses standard and addresses issues related to accrued interest receivable balances, recoveries, variable interest rates and prepayments, among other things. The amendments to Topic 326 have the same effective dates as ASU 2016-13. This guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In March 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions regarding the accounting related to the modifications of certain contracts, relationships and other transactions that are affected by reference rate reform related to contracts that reference LIBOR or other reference rates that could be discontinued due to reference rate reform. This guidance was effective immediately and was adopted by the Company as of January 1, 2022. As of December 31, 2021, the Company modified all of its loan contracts that were bencmarked to the LIBOR index to SOFR, and applied the practical expedients allowed by this ASU regarding treatment of those modifications. In May 2019, the FASB issued ASU No. 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief. This ASU allows entities to irrevocably elect the fair value option on an instrument-by-instrument basis for eligible financial assets measured at amortized cost basis upon adoption of the credit loss standards. The effective date for this ASU is the same as for ASU 2016-13. Management will evaluate this ASU in conjunction with ASU 2016-13 to determine whether the fair value option will be elected for any eligible financial assets. In December 2020, the FASB issued ASU No. 2020-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. The amendments in this ASU are intended to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments are also intended to improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. Adoption of this ASU is not expected to have a material effect on the Company’s financial position or results

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2021
Business Combination [Abstract]
Business Combination	Note 2 – Business Combination The Company completed its merger with CFBanc Corporation on April 1, 2021, with the Company continuing as the surviving entity (the “CFBanc Merger”). Immediately following this merger, Broadway Federal Bank, f.s.b., a subsidiary of Broadway Financial Corporation, merged with and into City First Bank of D.C., National Association, with City First Bank of D.C., National Association continuing as the surviving entity (which concurrently changed its name to City First Bank, National Association). The Company recorded $5.6 million in direct transaction costs in connection with the merger during 2021, which were comprised of $3.2 million in compensation costs and $2.4 million in professional services costs. On April 1, 2021, (1) each share of CFBanc Corporation’s Class A Common Stock, par value $0.50 per share, and Class B Common Stock, par value $0.50 per share, issued and outstanding immediately prior to the CFBanc Merger was converted into 13.626 validly issued, fully paid and nonassessable shares, respectively, of the voting common stock of the Company, par value $0.01 per share, which were renamed Class A Common Stock, and a new class of non-voting common stock of the Company, par value $0.01 per share, which was named Class B Common Stock, and (2) each share of Fixed Rate Cumulative Redeemable Perpetual Preferred Stock, Series B, par value $0.50 per share, of CFBanc Corporation (“CFBanc Corporation Preferred Stock”) issued and outstanding immediately prior to the effective time of the CFBanc Merger was converted into one validly issued, fully paid and non-assessable share of a new series of preferred stock of the Company, which was designated as the Company’s Fixed Rate Cumulative Redeemable Perpetual Preferred Stock, Series A, with such rights, preferences, privileges and voting powers, and limitations and restrictions thereof, which taken as a whole, are not materially less favorable to the holders of CFBanc Corporation Preferred Stock than the rights, preferences, privileges and voting powers, and limitations and restrictions thereof of CFBanc Corporation Preferred Stock. The total value of the consideration transferred to CFBanc Corporation shareholders was approximately $66.3 million, which was based on the closing price of the Company’s common stock on March 31, 2021, the last trading day prior to the consummation of the merger. The Company accounted for the CFBanc Merger under the acquisition method of accounting which requires purchased assets and liabilities assumed to be recorded at their respective fair values at the date of acquisition. The Company determined the fair value of the acquired assets and assumed liabilities with the assistance of third-party valuation firms. Goodwill in the amount of $26.0 million was recognized in the CFBanc Merger. Goodwill represents the future economic benefits arising from net assets acquired that are not individually identified and separately recognized and are attributable to synergies expected to be derived from the combination of the two entities. Goodwill is not amortized for financial reporting purposes; rather, it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, by comparing its carrying value to the reporting unit’s fair value. Goodwill recognized in this transaction is not deductible for income tax purposes. The following table represents the assets acquired and liabilities assumed in the CFBanc Merger as of April 1, 2021, and the fair value adjustments and amounts recorded by the Company as of the same date under the acquisition method of accounting: CFBanc Book Value Fair Value Adjustments Fair Value Assets acquired (In thousands) Cash and cash equivalents $ 84,745 $ - $ 84,745 Securities available-for-sale 150,052 (77 ) 149,975 Loans receivable held for investment: Gross loans receivable held for investment 227,669 (1,784 ) 225,885 Deferred fees and costs (315 ) 315 - Allowance for loan losses (2,178 ) 2,178 - 225,176 709 225,885 Accrued interest receivable 1,637 - 1,637 FHLB and FRB stock 1,061 - 1,061 Office properties and equipment 5,152 1,801 6,953 Deferred tax assets, net 890 (1,608 ) (718 ) Core deposit intangible - 3,329 3,329 Other assets 2,290 - 2,290 Total assets $ 471,003 $ 4,154 $ 475,157 Liabilities assumed Deposits $ 353,671 $ 51 $ 353,722 Securities sold under agreements to repurchase 59,945 - 59,945 FHLB advances 3,057 109 3,166 Notes payable 14,000 - 14,000 Accrued expenses and other liabilities 4,063 - 4,063 Total liabilities $ 434,736 $ 160 $ 434,896 Excess of assets acquired over liabilities assumed $ 36,267 $ 3,994 $ 40,261 Consideration paid $ 66,257 Goodwill recognized $ 25,996 The contractual amounts due, expected cash flows to be collected, the interest component, and the fair value of loans acquired from CFBanc as of the acquisition date were as follows: Acquired Loans (In thousands) Contractual amounts due $ 231,432 Cash flows not expected to be collected (3,666 ) Expected cash flows 227,766 Interest component of expected cash flows (1,881 ) Fair value of acquired loans $ 225,885 A component of total loans acquired from CFBanc were loans that were considered to be PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of the date of acquisition (in thousands): Contractual amounts due $ 1,825 Non-accretable difference (cash flows not expected to be collected) (634 ) Expected cash flows 1,191 Accretable yield (346 ) Fair value of acquired PCI loans $ 845 After the acquisition date, the revenues and earnings of CFBanc are included in the Company’s Consolidated Statement of Operations for the year ended December 31, 2021and standalone financial information for each entity is not available. The following table presents the net interest income, net income, and earnings per share as if the CFBanc Merger was effective as of January 1, 2020. The unaudited pro forma financial information included in the table below is based on various estimates and is presented for informational purposes only and does not indicate the financial condition or results of operations of the combined Company that would have been achieved for the periods presented had the transactions been completed as of the date indicated or that may be achieved in the future. For the Year Ended December 31 2021 2020 (Dollars in thousands, except per share amounts) Net interest income $ 23,336 $ 18,684 Net income (loss) (4,770 ) 110 Basic earnings per share $ (0.07 ) $ 0.0 Diluted earnings per share $ (0.07 ) $ 0.0

Capital Raise

Capital Raise	12 Months Ended
	Dec. 31, 2021
Capital Raise [Abstract]
Capital Raise	Note 3 – Capital Raise On April 6, 2021, the Company completed the sale of 18,474,000 shares of Broadway Financial Corporation common stock in private placements to institutional and accredited investors at a purchase price of $1.78 per share for an aggregate purchase price of $30.8 million (net of expenses). The following table shows the common stock issued on April 1, 2021 as a result of the merger and on April 6, 2021 as a result of the private placements by class: Common Shares Outstanding Voting Class A Nonvoting Class B Nonvoting Class C Total Shares Shares outstanding March 31, 2021: 19,142,498 - 8,756,396 27,898,894 Shares issued in merger 13,999,870 11,404,621 - 25,404,491 Shares exchanged post-merger (681,300 ) - 681,300 - Shares cancelled (52,105 ) - - (52,105 ) Shares issued in private placements 11,221,921 - 7,252,079 18,474,000 Fractional shares cancelled (20 ) (3 ) - (23 ) Shares outstanding April 6, 2021: 43,630,864 11,404,618 16,689,775 71,725,257

Securities

Securities	12 Months Ended
	Dec. 31, 2021
Securities [Abstract]
Securities	Note 4 – Securities The following table summarizes the amortized cost and fair value of the available‑for‑sale investment securities portfolios at December 31, 2021 and December 31, 2020 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) December 31, 2021 Federal agency mortgage‑backed securities $ 70,078 $ 196 $ (244 ) $ 70,030 Federal agency collateralized mortgage obligation (“CMO”) 9,391 11 (115 ) 9,287 Federal agency debt 38,152 106 (270 ) 37,988 Municipal bonds 4,898 40 (23 ) 4,915 U.S. treasuries 18,169 - (218 ) 17,951 SBA pools 16,241 122 (138 ) 16,225 Total available‑for‑sale securities $ 156,929 $ 475 $ (1,008 ) $ 156,396 December 31, 2020 Federal agency mortgage‑backed securities $ 5,550 $ 257 $ - $ 5,807 Federal agency debt 2,682 190 - 2,872 Municipal bonds 2,000 19 - 2,019 Total available‑for‑sale securities $ 10,232 $ 466 $ - $ 10,698 At December 31, 2021, the Bank had 97 federal agency mortgage-backed securities with total amortized cost of $70.1 million, estimated total fair value of $70.0 million and an estimated average remaining life of 4.7 years; 11 federal agency CMO with a total amortized cost of $9.4 million and estimated total fair value of $9.3 million and an estimated average remaining life of 5.6 years; 15 federal agency debt with total amortized cost of 38.2 million, estimated total fair value of $38.0 million and an estimated average remaining life of 5.71 years ; 9 municipal bonds with a total amortized cost of $4.9 million and estimated total fair value of $4.9 million and an estimated average remaining life of 10.7 years; 9 U.S. treasuries with a total amortized cost of $18.2 million, estimated total fair value of $18.0 million and an estimated average remaining life of 3.6 years; and 16 SBA Pools with a total amortized cost of $16.2 million and an estimated average remaining life of 5.5 years. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. In 2021, the Bank purchased 5 federal agency mortgage-backed securities with total amortized cost of $9.6 million, estimated fair value of $9.6 million at December 31, 2021 and an estimated average remaining life of 5.4 years; 2 federal agency debt with total amortized cost of $4.9 million, estimated fair value of $4.9 million at December 31, 2021 and an estimated average remaining life of 4.7 years; and 1 federal agency CMO with total amortized cost of $2.0 million, estimated fair value of $1.9 million at December 31, 2021 and an estimated average remaining life of 5.1 years. There were no sales of securities during the years ended December 31, 2021 and 2020. The amortized cost and estimated fair value of all investment securities available-for-sale at December 31, 2021, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 1,014 $ - $ (1 ) $ 1,013 Due after one year through five years 33,613 15 (368 ) 33,260 Due after five years through ten years 46,437 114 (233 ) 46,318 Due after ten years (1) 75,865 346 (406 ) 75,805 $ 156,929 $ 475 $ (1,008 ) $ 156,396 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category. The Bank held 129 securities with unrealized losses of $1,008 thousand at December 31, 2021. None of these securities has been in a loss position for greater than one year. The Bank’s securities were primarily issued by the federal government or its agencies. The unrealized gains or losses on our available-for-sale securities at December 31, 2021 were primarily caused by movements in market interest rates subsequent to the purchase of such securities. Securities with a market value of $53.2 million were pledged as collateral for securities sold under agreements to repurchase as of December 31, 2021 and included $25.9 million of federal agency mortgage-backed securities, $13.3 million of federal agency debt, $9.8 million of SBA pool, and $4.2 million of federal agency CMO. There were no securities pledged as collateral for securities sold under agreements to repurchase as December 31, 2020. At December 31, 2021 and 2020, there were no securities pledged to secure public deposits since those public deposits are under $250 thousand which are fully insured by FDIC. At December 31, 2021 and 2020, there were no holdings of securities by any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

Loans Receivable Held for Sale

Loans Receivable Held for Sale	12 Months Ended
	Dec. 31, 2021
Loans Receivable Held for Sale [Abstract]
Loans Receivable Held for Sale	Note 5 – Loans Receivable Held for Sale The Bank had no loans held for sale as of December 31, 2021 and 2020. Multi-family loans held for sale totaling $13.7 million were transferred to the loans held for investment portfolio during 2020 at the lower of cost or fair value. Loan sales of $22.8 million in multi‑family loans were completed during 2020 for a total gain of $276 thousand.

Loans Receivable Held for Inves

Loans Receivable Held for Investment	12 Months Ended
	Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Note 6 – Loans Receivable Held for Investment Loans receivable held for investment were as follows as of the periods indicated: December 31, 2021 December 31, 2020 (In thousands) Real estate: Single family $ 45,372 $ 48,217 Multi‑family 393,704 272,387 Commercial real estate 93,193 24,289 Church 22,503 16,658 Construction 32,072 429 Commercial – other 46,539 57 SBA loans 18,837 - Consumer - 7 Gross loans receivable before deferred loan costs and premiums 652,220 362,044 Unamortized net deferred loan costs and premiums 1,526 1,300 653,746 363,344 Credit and interest marks on purchased loans, net (1,842 ) - Allowance for loan losses (3,391 ) (3,215 ) Loans receivable, net $ 648,513 $ 360,129 As of December 31, 2021, the commercial loan category above included $18.0 million of loans issued under the SBA’s Paycheck Protection Program (“PPP”). PPP loans have terms of two The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: For the year ended December 31, 2021 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Provision for (recapture of) loan losses (151 ) 224 14 (134 ) 190 19 14 176 Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance (1) $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 (1) Loans acquirqed in the City First Merger and PPP loans originated since the merger were not considered in this analysis. For the year ended December 31, 2020 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 312 $ 2,319 $ 133 $ 362 $ 48 $ 7 $ 1 $ 3,182 Provision for (recapture of) loan losses (20 ) 114 89 (125 ) (26 ) (3 ) - 29 Recoveries 4 - - - - - - 4 Loans charged off - - - - - - - - Ending balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 As part of the CFBanc Merger, the Company acquired loans for which there was, at acquisition, evidence of credit deterioration of credit quality since origination and for which it was probable, at acquisition, that all contractually required payments would not be collected. Prior to the CFBanc Merger, there were no such acquired loans. The carrying amount of those loans as of December 31, 2021, was as follows: (In thousands) Real estate: Single family $ 558 Commercial real estate 221 Commercial – other 104 $ 883 On the acquisition date, the amount by which the undiscounted expected cash flows of the PCI loans exceeded the estimated fair value of the loan is the accretable yield. The accretable yield is measured at each financial reporting date and represents the difference between the remaining undiscounted cash flows and the current carrying value of the PCI loan. At December 31, 2021, none of the Company’s PCI loans were classified as nonaccrual. The following table summarizes the accretable yield on the PCI loans for the year ended December 31, 2021: (In thousands) Balance on acquisition date $ - Additions 346 Accretion (57 ) Balance at the end of the year $ 289 The following tables present the balance in the allowance for loan losses and the recorded investment (unpaid contractual principal balance less charge‑offs, less interest applied to principal, plus unamortized deferred costs and premiums) by loan type and based on impairment method as of and for the periods indicated: December 31, 2021 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other SBA Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 3 $ - $ - $ 4 $ - $ - $ - $ 7 Collectively evaluated for impairment 142 2,657 236 99 212 23 15 3,384 Total ending allowance balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Loans: Loans individually evaluated for impairment $ 65 $ 282 $ - $ 1,954 $ - $ - $ - $ 2,301 Loans collectively evaluated for impairment 32,599 353,179 25,507 9,058 24,225 3,124 - 447,692 Subtotal 32,664 353,461 25,507 11,012 24,225 3,124 - 449,993 Loans acquired in the Merger 12,708 41,769 67,686 11,491 7,847 43,415 18,837 203,753 Total ending loans balance $ 45,372 $ 395,230 $ 93,193 $ 22,503 $ 32,072 $ 46,539 $ 18,837 $ 653,746 December 31, 2020 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 89 $ - $ - $ 52 $ - $ - $ - $ 141 Collectively evaluated for impairment 207 2,433 222 185 22 4 1 3,074 Total ending allowance balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Loans: Loans individually evaluated for impairment $ 573 $ 298 $ - $ 3,813 $ - $ 47 $ - $ 4,731 Loans collectively evaluated for impairment 47,784 273,566 24,322 12,495 430 9 7 358,613 Total ending loans balance $ 48,357 $ 273,864 $ 24,322 $ 16,308 $ 430 $ 56 $ 7 $ 363,344 The following table presents information related to loans individually evaluated for impairment by loan type as of the periods indicated: December 31, 2021 December 31, 2020 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Single‑family $ - $ - $ - $ 2 $ 1 $ - Multi‑family 282 282 - 298 298 - Church - - - 2,527 1,970 - With an allowance recorded: Single family 65 65 3 573 573 89 Church 1,954 1,954 4 1,842 1,842 52 Commercial – other - - - 47 47 - Total $ 2,301 $ 2,301 $ 7 $ 5,289 $ 4,731 $ 141 The recorded investment in loans excludes accrued interest receivable due to immateriality. For purposes of this disclosure, the unpaid principal balance is not reduced for net charge‑offs. The following tables present the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the periods indicated: For the year ended December 31, 2021 For the year ended December 31, 2020 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 66 $ 5 $ 591 $ 29 Multi‑family 290 19 306 21 Church 2,310 176 4,033 442 Commercial – other - - 55 4 Total $ 2,666 $ 200 $ 4,985 $ 496 Cash‑basis interest income recognized represents cash received for interest payments on accruing impaired loans and interest recoveries on non‑accrual loans that were paid off. Interest payments collected on non‑accrual loans are characterized as payments of principal rather than payments of the outstanding accrued interest on the loans until the remaining principal on the non‑accrual loans is considered to be fully collectible or paid off. When a loan is returned to accrual status, the interest payments that were previously applied to principal are deferred and amortized over the remaining life of the loan. Foregone interest income that would have been recognized had loans performed in accordance with their original terms amounted to $71 thousand and $89 thousand for the years ended December 31, 2021 and 2020, respectively, and were not included in the consolidated results of operations. The following tables present the aging of the recorded investment in past due loans by loan type as of the periods indicated: December 31, 2021 30‑59 Days Past Due 60‑89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single family $ - $ - $ - $ - $ 45,372 $ 45,372 Multi‑family - - - - 395,230 395,230 Commercial real estate - 2,423 - 2,423 90,770 93,193 Church - - - - 22,503 22,503 Construction - - - - 32,072 32,072 Commercial – other - - - - 46,539 46,539 SBA loans 18,837 18,837 Consumer - - - - - - Total $ - $ 2,423 $ - $ 2,423 $ 651,323 $ 653,746 December 31, 2020 30‑59 Days Past Due 60‑89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single family $ - $ - $ - $ - $ 48,357 $ 48,357 Multi‑family - - - - 273,864 273,864 Commercial real estate - - - - 24,322 24,322 Church - - - - 16,308 16,308 Construction - - - - 430 430 Commercial – other - - - - 56 56 Consumer - - - - 7 7 Total $ - $ - $ - $ - $ 363,344 $ 363,344 The following table presents the recorded investment in non‑accrual loans by loan type as of the periods indicated: December 31, 2021 December 31, 2020 Loans receivable held for investment: (In thousands) Single family $ - $ 1 Church 684 786 Total non-accrual loans $ 684 $ 787 There were no loans 90 days or more delinquent that were accruing interest as of December 31, 2021 or December 31, 2020. Troubled Debt Restructurings At December 31, 2021, loans classified as troubled debt restructurings (“TDRs”) totaled $1.8 million, of which $188 thousand were included in non‑accrual loans and $1.6 million were on accrual status. At December 31, 2020, loans classified as TDRs totaled $4.5 million, of which $232 thousand were included in non‑accrual loans and $4.3 million were on accrual status. The Company has allocated $7 thousand and $141 thousand of specific reserves for accruing TDRs as of December 31, 2021 and 2020, respectively. TDRs on accrual status are comprised of loans that were accruing at the time of restructuring or loans that have complied with the terms of their restructured agreements for a satisfactory period and for which the Bank anticipates full repayment of both principal and interest. TDRs that are on non‑accrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments, as modified. A well‑documented credit analysis that supports a return to accrual status based on the borrower’s financial condition and prospects for repayment under the revised terms is also required. As of December 31, 2021 and 2020, the Company had no commitment to lend additional amounts to customers with outstanding loans that are classified as TDRs. No loans were modified during the years ended December 31, 2021 and 2020. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. For single family residential, consumer and other smaller balance homogenous loans, a credit grade is established at inception, and generally only adjusted based on performance. Information about payment status is disclosed elsewhere herein. The Company analyzes all other loans individually by classifying the loans as to credit risk. This analysis is performed at least on a quarterly basis. The Company uses the following definitions for risk ratings: ● Watch. ● Special Mention. ● Substandard. ● Doubtful. ● Loss. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor and/or by the value of the underlying collateral. Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms. The following table shows the risk categories of loans by type excluding loans acquired in the City First Merger as of December 31, 2021: December 31, 2021 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 32,664 $ - $ - $ - $ - $ - $ 32,664 Multi‑family 353,118 - - 343 - - 353,461 Commercial real estate 24,049 - - 1,458 - - 25,507 Church 8,530 - - 2,482 - - 11,012 Construction 8,275 15,950 - - - - 24,225 Commercial – other 3,124 - - - - - 3,124 Consumer - - - - - - - Total $ 429,760 $ 15,950 $ - $ 4,283 $ - $ - $ 449,993 The following table shows the risk categories of loans by type for loans acquired in the City First Merger as of December 31, 2021: December 31, 2021 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 9,790 $ 1,343 $ 271 $ 1,304 $ - $ - $ 12,708 Multi‑family 25,023 7,987 575 8,184 - - 41,769 Commercial real estate 45,208 7,034 9,847 5,597 - - 67,686 Church 11,491 - - - - - 11,491 Construction 2,247 5,600 - - - - 7,847 Commercial – other 30,864 12,551 - - - - 43,415 SBA 18,665 - 172 - - - 18,837 Total $ 143,288 $ 34,515 $ 10,865 $ 15,085 $ - $ - $ 203,753 December 31, 2020 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 48,357 $ - $ - $ - $ - $ - $ 48,357 Multi‑family 273,501 - - 363 - - 273,864 Commercial real estate 22,834 1,488 - - - - 24,322 Church 12,899 657 - 2,752 - - 16,308 Construction 430 - - - - - 430 Commercial – other 9 - - 47 - - 56 Consumer 7 - - - - - 7 Total $ 358,037 $ 2,145 $ - $ 3,162 $ - $ - $ 363,344

Office Properties and Equipment

Office Properties and Equipment, net	12 Months Ended
	Dec. 31, 2021
Office Properties and Equipment, net [Abstract]
Office Properties and Equipment, net	Note 7 – Office Properties and Equipment, net Year‑end office properties and equipment were as follows: 2021 2020 (In thousands) Land $ 5,322 $ 572 Office buildings and improvements 5,763 3,275 Rights of use assets 1,120 190 Furniture, fixtures, and equipment 2,171 2,239 14,376 6,276 Less accumulated depreciation (4,032 ) (3,736 ) Office properties and equipment, net $ 10,344 $ 2,540 Depreciation expense was $287 thousand and $121 thousand for the years 2021 and 2020, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Note 8 – Leases Effective October 1, 2021, the Bank entered into an operating lease for its administrative offices at 4601 Wilshire Boulevard in Los Angeles. The right of use (“ROU”) asset and operating lease liability are recorded in fixed assets other liabilities The ROU asset represents our right to use the underlying asset during the lease term. Operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the date of implementation of the new accounting standard. The operating lease has one 5-year extension option at the then fair market rate. As this extension option is not reasonably certain of exercise, it is not included in the lease term. The Bank recorded an ROU asset of $1.1 million and an operating lease liability of $1.1 million as of December 31, 2021. The Bank has no finance leases. Rent expense under the operating lease at 4601 Wilshire Boulevard in Los Angeles was $61 thousand for 2021. The Company paid $417 thousand in rent expense in 2021 and $598 thousand in rent expense in 2020 for an operating lease on its previous administrative offices and branch location at 5055 Wilshire Boulevard in Los Angeles. Additional information regarding our operating leases is summarized below for the periods indicated dollars in thousands): Year Ended December 31, 2021 Cash paid for amounts included in the measurement of lease liabilities for operating leases: $ 57 ROU assets obtained in exchange for lease liabilities $ 1,119 Weighted average remaining lease term in months 57 Weighted average discount rate 1.10 % The future minimum payments for operating leases with remaining terms of one year or more as of December 31, 2021 were as follows (in thousands): Year ended December 31, 2022 $ 229 Year ended December 31, 2023 236 Year ended December 31, 2024 244 Year ended December 31, 2025 252 Year ended December 31, 2026 193 Total future minimum lease payments 1,154 Amounts representing interest (31 ) Present value of net future minimum lease payments $ 1,123

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	12 Months Ended
	Dec. 31, 2021
Goodwill and Core Deposit Intangible [Abstract]
Goodwill and Core Deposit Intangible	Note 9 – Goodwill and Core Deposit Intangible In connection with the CFBanc Merger, the Company recognized goodwill of $26.0 million and a core deposit intangible of $3.3 million. The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the year ended December 31, 2021: Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ - $ - Additions 25,996 3,329 Amortization - (393 ) Impairment - - Balance at the end of the period $ 25,996 $ 2,936 No impairment charges were recorded during 2021 for goodwill impairment. Management’s assessment of goodwill is performed in accordance with ASC 350-20 – Intangibles-Goodwill and Other, which allows the Company to perform a qualitative assessment of goodwill to determine if it is more likely than not the fair value of the Company’s equity is below its carrying value. The Company performed its qualitative assessment as of November 30, 2021. Due to the relatively short amount of time that has passed between the acquisition date, the fact that the combined Company is realizing the intended benefits of the Merger (i.e. lower cost of funds, increased ability to lend, etc.), and the Company’s stock price post-acquisition, no impairment charges were recorded during 2021 for goodwill. The following table outlines the estimated amortization expense related to the core deposit intangible during the next five fiscal years: (In thousands) 2022 $ 435 2023 390 2024 336 2025 315 2026 304 Thereafter 1,156 $ 2,936

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2021
Fair Value [Abstract]
Fair Value	Note 10 – Fair Value The Company used the following methods and significant assumptions to estimate fair value: The fair values of securities available‑for‑sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair value of impaired loans that are collateral dependent is generally based upon the fair value of the collateral, which is obtained from recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Assets acquired through or by transfer in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated every nine months. These appraisals may utilize a single valuation approach or a combination of approaches, including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals for collateral‑dependent impaired loans are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, an independent third‑party licensed appraiser reviews the appraisals for accuracy and reasonableness, reviewing the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry‑wide statistics. Assets Measured on a Recurring Basis Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) At December 31, 2021 Securities available for sale: Federal agency mortgage‑backed securities $ - $ 70,030 $ - $ 70,030 Federal agency CMO - 9,287 - 9,287 Federal agency debt - 37,988 - 37,988 Municipal bonds - 4,915 - 4,915 U.S. Treasuries - 17,951 - 17,951 SBA Pools - 16,225 - 16,225 At December 31, 2020 - Securities available for sale: Federal agency mortgage‑backed securities $ - $ 5,807 $ - $ 5,807 Municipal bonds - 2,019 - 2,019 Federal agency debt - 2,872 - 2,872 There were no transfers between Level 1, Level 2, or Level 3 during the years ended December 31, 2021 and 2020. Fair Values of Financial Instruments The carrying amounts and estimated fair values of financial instruments as of the periods indicated were as follows: Carrying Fair Value Measurements at December 31, 2021 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 231,520 $ 231,520 $ - $ - $ 231,520 Securities available‑for‑sale 156,396 - 156,396 - 156,396 Loans receivable held for investment 648,513 - - 623,778 623,778 Accrued interest receivable 3,372 19 1,089 2,264 3,372 Bank owned life insurance 3,190 3,190 - - 3,190 Financial Liabilities: Deposits $ 788,052 $ - $ 754,181 $ - $ 754,181 Federal Home Loan Bank advances 85,952 - 87,082 - 87,082 Securities sold under agreements to repurchase 51,960 - - - 51,960 Notes payable 14,000 - - - 14,000 Accrued interest payable 119 - 119 - 119 Carrying Fair Value Measurements at December 31, 2020 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 96,109 $ 96,109 $ - $ - $ 96,109 Securities available‑for‑sale 10,698 - 10,698 - 10,698 Loans receivable held for investment 360,129 - - 366,279 366,279 Accrued interest receivable 1,202 60 14 1,128 1,202 Bank owned life insurance 5,633 5,633 - - 5,633 Financial Liabilities: Deposits $ 315,630 $ - $ 312,725 $ - $ 312,725 Federal Home Loan Bank advances 110,500 - 113,851 - 113,851 Junior subordinated debentures 3,315 - - 2,798 2,798 Accrued interest payable 88 - 84 4 88

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	Note 11 – Deposits Deposits are summarized as follows: December 31, 2021 2020 (In thousands) NOW account and other demand deposits $ 90,285 $ 15,237 Non‑interest bearing demand deposits 220,152 47,269 Money market deposits 204,888 60,281 Passbook 70,750 64,127 Certificates of deposit 201,977 128,716 Total $ 788,052 $ 315,630 The Bank accepts two types of deposits from a deposit placement service called the Certificate of Deposit Account Registry Service (“CDARS”). Reciprocal deposits are the Bank’s own retail deposits in amounts in excess of the insured limits. The CDARS program allows banks to place their customers’ funds in FDIC‑insured certificates of deposit at other banks and, at the same time, receive an equal sum of funds from the customers of other banks in the CDARS Network. These deposits totaled $141.6 million and $35.8 million at December 31, 2021 and 2020, respectively and are not considered to be brokered deposits. One‑way deposits are also available using the CDARS program. With the one‑way program, the Bank accepts deposits from CDARS even though there is no customer account involved. These one-way deposits, which are considered to brokered deposits, totaled $223 thousand and $9.6 million at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, the Bank had $5.0 million and $15.1 million in (non-CDARS) brokered deposits, respectively. Scheduled maturities of certificates of deposit for the next five years are as follows: Maturity Amount (In thousands) 2022 $ 191,943 2023 8,103 2024 834 2025 796 2026 237 Thereafter 64 $ 201,977 Certificates of deposit of $250 thousand or more totaled $20.4 million and $18.9 million at December 31, 2021 and 2020, respectively. The Company has a significant concentration of deposits with five long‑time customers that accounted for approximately 22% of its deposits as of December 31, 2021. The Company expects to maintain the relationships with the customers for the near term. Deposits from principal officers, directors, and their affiliates totaled $22.7 million and $838 thousand at December 31, 2021 and 2020, respectively.

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Bank Advances [Abstract]
Federal Home Loan Bank Advances	Note 12 – Federal Home Loan Bank Advances The following table summarizes information relating to FHLB advances at or for the periods indicated: At or For the Year Ended 2021 2020 (Dollars in thousands) FHLB Advances: Average balance outstanding during the year $ 100,471 $ 114,020 Maximum amount outstanding at any month‑end during the year $ 113,580 $ 121,500 Balance outstanding at end of year $ 85,952 $ 110,500 Weighted average interest rate at end of year 1.85 % 1.94 % Average cost of advances during the year 1.96 % 1.91 % Weighted average contractual maturity (in months) 22 27 Each advance is subject to a prepayment penalty if paid before its maturity date. The advances were collateralized by $165.0 million and $220.0 million of first mortgage loans at December 31, 2021 and 2020, respectively, under a blanket lien arrangement. Based on collateral pledged and the Company’s holdings of FHLB stock as of December 31, 2021, the Company was eligible to borrow up to an additional $14.4 million at year‑end 2021. Scheduled maturities of FHLB advances over the next five years are as follows: Amount (In thousands) 2022 $ 18,140 2023 30,140 2024 5,140 2025 32,532 2026 - $ 85,952

Junior Subordinated Debentures

Junior Subordinated Debentures	12 Months Ended
	Dec. 31, 2021
Junior Subordinated Debentures [Abstract]
Junior Subordinated Debentures	Note 13 – Junior Subordinated Debentures On March 17, 2004, the Company issued $6.0 million of Floating Rate Junior Subordinated Debentures (the “Debentures”) in a private placement to a trust that was capitalized to purchase subordinated debt and preferred stock of multiple community banks. Interest on the Debentures is payable quarterly at a rate per annum equal to the 3‑Month LIBOR plus 2.54%. On October 16, 2014, the Company made payments of $900 thousand of principal on Debentures, executed a Supplemental Indenture for the Debentures that extended the maturity of the Debentures to March 17, 2024, and modified the payment terms of the remaining $5.1 million principal amount thereof. The Company made quarterly payments of interest only through March 2020 at the original rate of 3‑Month LIBOR plus 2.54%. Starting in June 2020, the Company began making quarterly payments of equal amounts of principal plus interest at the original rate of 3-Month LIBOR plus 2.54%. On September 17, 2021, the Company fully redeemed its Floating Rate Junior Subordinated Debentures for $2.8 million.

Securities Sold Under Agreement

Securities Sold Under Agreements to Repurchase	12 Months Ended
	Dec. 31, 2021
Securities Sold Under Agreements to Repurchase [Abstract]
Securities Sold Under Agreements to Repurchase	Note 14 – Securities Sold Under Agreements to Repurchase The Bank enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Bank may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Bank to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing agreements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability in the Banks’s consolidated statements of financial condition, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. As of December 31, 2021, securities sold under agreements to repurchase totaled $52.0 million at an average rate of 0.10%. These agreements mature on a daily basis. The market value of securities pledged totaled $53.2 million as of December 31, 2021 and included $13.3 million of U.S. Government Agency securities and $39.9 million of mortgage-backed securities. There were no securities sold under agreements to repurchase or securities pledged as of December 31, 2020.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2021
Notes Payable [Abstract]
Notes Payable	Note 15 – Notes Payable In connection with the New Market Tax Credit activities of City First Bank, CFC 45 is a partnership whose members include CFNMA and City First New Markets Fund II, LLC. This CDE acts in effect as a pass-through for a Merrill Lynch allocation totaling $14.0 million that needed to be deployed. In December 2015, Merrill Lynch made a $14.0 million non-recourse loan to CFC 45, whereby CFC 45 passed that loan through to a Qualified Active Low-Income Community Business (“QALICB”). The loan to the QALICB is secured by a Leasehold Deed of Trust that, due to the pass-through, non-recourse structure, is operationally and ultimately for the benefit of Merrill Lynch rather than CFC 45. Debt service payments received by CFC 45 from the QALICB are passed through to Merrill Lynch in return for which CFC 45 receives a servicing fee. The financial statements of CFC 45 are consolidated with those of the Bank and the Company. There are two notes outstanding at CFC 45. Note A is in the amount of $9.9 million with a fixed interest rate of 5.2% per annum. Note B is in the amount of $4.1 million with a fixed interest rate of 0.24% per annum. Quarterly interest only payments commenced in March 2016 and will continue through March 2023 for Notes A and B. Beginning in September 2023, quarterly principal and interest payments will be due for Notes A and B. Both notes will mature on December 1, 2040.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 16 – Employee Benefit Plans 401(k) Plans As of December 31, 2021, the Company was operating under two different 401(k) plans. Broadway Federal 401(k) Plan The Broadway Federal Bank 401(k) benefit plan allows employee contributions for substantially all employees up to 15% of their compensation, which are matched at a rate equal to 50% of the first 6% of the compensation contributed. Expense totaled $142 thousand and $146 thousand for 2021 and 2020. City First Bank 401(k) Plan The City First Bank 401(k) benefit plan allows employee contributions for substantially all employees us to the IRS limit, 100% of which is matched by the Bank up to 3% of each employee’s contribution. In addition, City First Bank makes a non-elective safe harbor contribution of 3% of each eligible employee’s compensation.Expense for this plan totaled $174 thousand for 2021. ESOP Plan Employees participate in an Employee Stock Option Plan (“ESOP”) after attaining certain age and service requirements. In December 2016, the ESOP purchased 1,493,679 shares of the Company’s common stock at $1.59 per share, for a total cost of $2.4 million, of which $1.2 million was funded with a loan from the Company. The loan will be repaid from the Bank’s annual discretionary contributions to the ESOP, net of dividends paid, over a period of 20 years. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants. When loan payments are made, shares are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. As the unearned shares are released from the suspense account, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to equity as additional paid‑in capital. Dividends on allocated shares increase participant accounts. Dividends on unallocated shares will be used to repay the loan. At the end of employment, participants will receive shares for their vested balance. Compensation expense related to the ESOP was $109 thousand for 2021 and $68 thousand for 2020. Shares held by the ESOP were as follows: December 31, 2021 December 31, 2020 (Dollars in thousands) Allocated to participants 1,087,216 1,065,275 Committed to be released 10,064 10,236 Suspense shares 521,618 562,391 Total ESOP shares 1,618,898 1,637,902 Fair value of unearned shares $ 1,454 $ 1,040 During 2021 and 2020, 40,945 and 41,665 of ESOP shares were released for allocation to participants, respectively. The outstanding balance of unearned ESOP shares at December 31, 2021 and 2020 were $829 thousand and $893 thousand, respectively, which are shown as Unearned ESOP shares in the equity section of the consolidated statements of financial condition.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Taxes [Abstract]
Income Taxes	Note 17 – Income Taxes The Company and its subsidiary are subject to U.S. federal and state income taxes. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Income tax (benefit) expense was as follows: 2021 2020 (In thousands) Current Federal $ 4 $ (59 ) State (38 ) 144 Deferred Federal (909 ) 7 State (363 ) (499 ) Change in Valuation Allowance 369 - Total $ (937 ) $ (407 ) Effective tax rates differ from the federal statutory rate of 21% applied to income before income taxes due to the following: 2021 2020 (In thousands) Federal statutory rate times financial statement net loss $ (1,026 ) $ (220 ) Effect of: State taxes, net of federal benefit (292 ) (7 ) Earnings from bank owned life insurance (9 ) (10 ) Merger-related expense 195 200 Low income housing credits (58 ) (117 ) Change in valuation allowance 369 - Tax effect of stock-based compensation (129 ) - Tax benefit from tax positions taken in prior years - (273 ) Other, net 13 20 Total $ (937 ) $ (407 ) Year‑end deferred tax assets and liabilities were due to the following: 2021 2020 (In thousands) Deferred tax assets: Allowance for loan losses $ 677 $ 909 Accrued liabilities 954 139 State income taxes 1 58 Stock compensation 154 310 Net operating loss carryforward 3,946 3,437 Non‑accrual loan interest 51 1 Partnership investment 155 188 General business credit 2,006 1,969 Alternative minimum tax credit 5 34 Net unrealized loss on securities available-for-sale 464 - Right of use liability 319 - Fair value adjustment on acquired loans 521 - Other 363 40 Total deferred tax assets 9,616 7,085 Less: valuation allowance (369 ) - Total deferred tax assets , net of valuation allowance 9,247 7,085 Deferred tax liabilities: Section 481 Adjustments to bad debts (6 ) (334 ) Deferred loan fees/costs (750 ) (651 ) Basis difference on fixed assets (702 ) (18 ) Net unrealized appreciation on available‑for‑sale securities - (138 ) FHLB stock dividends (98 ) (266 ) Mortgage servicing rights - (1 ) Prepaid expenses (220 ) (44 ) Right of use assets (317 ) - Core deposit intangibles (1,053 ) - Total deferred tax liabilities (3,146 ) (1,452 ) Net deferred tax assets $ 6,101 $ 5,633 Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluated both positive and negative evidence, the amount of taxes paid in available carry‑back years, and the forecasts of future income and tax planning strategies. Based on this analysis, the Company determined that, as of December 31, 2021, a valuation allowance of $369 thousand was required on the Company’s deferred tax assets, which totaled $6.1 million (net of valuation allowance). As of December 31, 2020, no valuation allowance required on the Company’s deferred tax assets, which totaled $5.6 million. On June 29, 2020, the Assembly Bill No. 85 (AB 85) was signed into law by California Governor Gavin Newsom to raise additional income tax revenue to assist in balancing the California budget caused by the COVID-19 pandemic. The most significant provision of this bill is the suspension of the net operating loss (NOL) deduction for tax years beginning on or after January 1, 2020 and before January 1, 2023. The existing 20-year carry forward period for NOLs (10 years for losses incurred in the tax years 2000 through 2007) would be extended for up to three years if losses are not used due to the NOL suspension. This means the Bank cannot take California NOL deductions for 2020-2022 if its California taxable income is more than $1 million. The life of the 2011 NOL will be extended for up to three years. This also means the Bank could have more cash tax liability for 2020-2022. As of December 31, 2021, the Company had federal net operating loss carryforwards of $7.4 million. Approximately $2.1 million of the federal net operating loss carryforwards can be carried forward indefinitely. The remaining $5.3 million will begin to expire, if not utilized, in 2032 through 2037. The Company also had California net operating loss carryforwards of $27.6 million which will begin to expire in 2032 through 2041 if not utilized, and D.C. net operating loss carryforwards of $0.6 million which can be carried forward indefinitely. The Company also had federal general business credits of $2.0 million, which will begin to expire in 2030 through 2041, if not utilized. Prior to 2018, the Company computed its bad debt deduction for income tax purposes under the reserve method. In 2018, the Company requested, and the IRS consented to a change in accounting method used for computing its tax bad debt deduction from the reserve method to the charge-off method as defined under Internal Revenue Code Section 166. As a result, the Company computes its tax bad debt deduction under the new method and recaptures its excess tax bad debt reserve of $4.3 million into taxable income evenly over a 4 year period starting in 2018. The Company did not have any unrecognized tax benefits as of December 31, 2021 and 2020. Federal tax years 2018 through 2021 remain open for the assessment of Federal income tax. California tax years 2017 through 2021 remain open for the assessment of California franchise tax. The Company is not currently under examinations by any tax authorities.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2021
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 18 – Stock‑Based Compensation Prior to July 25, 2018, the Company issued stock‑based compensation awards to its directors and employees under the 2008 Long‑Term Incentive Plan (“2008 LTIP”). The 2008 LTIP permitted the grant of non‑qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards for up to 2,000,000 shares of common stock. As of July 25, 2018, the Company ceased granting awards under the 2008 LTIP. On July 25, 2018, the stockholders approved the 2018 Long‑Term Incentive Plan (“2018 LTIP”). As with the 2008 LTIP, the 2018 LTIP permits the grant of non‑qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards. The plan will be in effect for ten years. The maximum number of shares that can be awarded under the plan is 1,293,109 shares of common stock. As of December 31, 2021, 481,064 shares had been awarded and 812,045 shares were available under the 2018 LTIP. No stock options were granted during the years ended December 31, 2021 and December 31, 2020. The following table summarizes stock option activity during the years ended December 31, 2021 and 2020: 2021 2020 Number Outstanding Weighted Average Exercise Price Number Outstanding Weighted Average Exercise Price Outstanding at beginning of year 450,000 $ 1.62 455,000 $ 1.67 Granted during the year - - - - Exercised during the year - - - - Forfeited or expired during the year - - (5,000 ) 6.00 Outstanding at end of year 450,000 $ 1.62 450,000 $ 1.62 Exercisable at end of year 450,000 $ 1.62 360,000 $ 1.62 For the years ended December 31, 2021 and 2020, the Company recorded $7 thousand and $39 thousand, respectively, of stock‑based compensation expense related to stock options. As of December 31, 2021, there was no unrecognized compensation cost related to non-vested stock options granted under the plan. Options outstanding and exercisable at year‑end 2021 were as follows: Outstanding Exercisable Grant Date Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value February 24, 2016 450,000 4.15 years $ 1.62 450,000 $ 1.62 - 4.15 years $ 1.62 $ - 450,000 $ 1.62 $ - In February 2021 and 2020, the Company awarded 20,736 and 30,930 shares of common stock, respectively, to its directors under the 2018 LTIP, which are fully vested. The Company recorded $45 thousand of compensation expense in each of the years ended December 31, 2021 and December 31, 2020, based on the fair value of the stock, which was determined using the average of the high and the low price of the stock on the date of the award. In July of 2021, the Company awarded 64,516 shares of common stock to its Chief Executive Officer, which are fully vested. The company recorded $200 thousand of compensation expense for the year ended December 31, 2021 based on the fair value of the stock, which was determined using the average of the high and the low price of the stock on the date of the award. In February 2020, the Company awarded 140,218 shares of restricted stock to its officers and employees under the 2018 LTIP. Each restricted stock award was valued based on the fair value of the stock, which was determined using the average of the high and the low price of the stock on the date of the award. These awarded shares of restricted stock became fully vested on April 1, 2021, the date of the Merger, and all unrecognized compensation expense was recognized at that time. During 2021, and 2020, the Company recorded $153 thousand and $340 thousand of stock based compensation expense related to shares awarded to employees. As all restricted stock awarded to employees were fully vested as of December 31, 2021, there was no remaining unrecognized compensation cost related to non-vested restricted stock awards as of December 31, 2021.

Capital and Regulatory Matters

Capital and Regulatory Matters	12 Months Ended
	Dec. 31, 2021
Capital and Regulatory Matters [Abstract]
Capital and Regulatory Matters	Note 19 – Capital and Regulatory Matters The Bank’s capital requirements are administered by the Office of the Comptroller of the Currency (“OCC”) and involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the OCC. Failure to meet capital requirements can result in regulatory action. As a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies have developed a “Community Bank Leverage Ratio” (“CBLR”) (the ratio of a bank’s tier 1 capital to average total consolidated assets) for financial institutions with assets of less than $10 billion. A “qualifying community bank” that exceeds this ratio will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. The federal banking agencies have set the Community Bank Leverage Ratio at 9%. The CARES Act temporarily lowered this ratio to 8% beginning in the three months ended September 30, 2020. The ratio then rose to 8.5% for 2021 and reestablished at 9% on January 1, 2022. City First Bank, N.A. elected to adopt the CBLR option on April 1, 2020 as reflected in its June 30, 2020 Call Report. Its CBLR as of December 31, 2021 is shown in the table below. The Company’s former subsidiary, Broadway Federal Bank, f.s.b., did not elect to adopt the CBLR and reported the December 31, 2020 capital ratios as shown in the table below. Actual Minimum Capital Requirements Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2021 Community Bank Leverage Ratio (1) $ 98,590 9.32 % $ $ 89,871 8.50 % December 31, 2020 Tier 1 (Leverage) $ 46,565 9.54 % $ 19,530 4.00 % $ 24,413 5.00 % Common Equity Tier 1 $ 46,565 18.95 % $ 11,059 4.50 % $ 15,975 6.50 % Tier 1 $ 46,565 18.95 % $ 14,746 6.00 % $ 19,661 8.00 % Total Capital $ 49,802 20.20 % $ 19,661 8.00 % $ 24,577 10.00 % (1) At the Merger on April 1, 2021, the Company’s former subsidiary, Broadway Federal Bank, f.s.b., was merged into City First Bank of D.C, N. A., with City First Bank of D.C, N.A. as the surviving entity and the resultant bank being named City First Bank, National Association, which had elected to adopt Community Bank Leverage Ratio option on April 1, 2020 as reflected in its june 30, 2020 Call Report. At December 31, 2021, the Company and the Bank met all the capital adequacy requirements to which they were subject. In addition, the Bank was “well capitalized” under the regulatory framework for prompt corrective action. Management believes that no conditions or events have occurred that would materially adversely change the Bank’s capital classifications. From time to time, we may need to raise additional capital to support the Bank’s further growth and to maintain the “well capitalized” status. The Bank’s capital requirements are administered by the OCC and involve quantitative measures of assets, liabilities, and certain off‑balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the OCC. Failure to meet capital requirements can result in regulatory action.

Loan Commitments and Other Rela

Loan Commitments and Other Related Activities	12 Months Ended
	Dec. 31, 2021
Loan Commitments and Other Related Activities [Abstract]
Loan Commitments and Other Related Activities	Note 20 – Loan Commitments and Other Related Activities Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off‑balance‑sheet risk for credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. The contractual amounts of financial instruments with off‑balance‑sheet risk at year‑end were as follows: 2021 2020 (In thousands) Commitments to make loans $ 13,384 $ - Unfunded construction loans 10,352 Unused lines of credit – variable rates 9,326 2,472 Commitments to make loans are generally made for periods of 60 days or less. At December 31, 2021, loan commitments consisted of five (5) multi‑family residential loans with initial five-year interest rates ranging from 3.125% to 3.50%, three (3) commercial real estate loans and with interest rates ranging from 3.25% to 4.05%, and two commercial loans with interest rates ranging from 4.25% to 5%. Unfunded construction loans and line of credit loans have variable interest rates based on prime. At December 31, 2020, the Bank did not have any commitments to originate loans.

Parent Company Only Condensed F

Parent Company Only Condensed Financial Information	12 Months Ended
	Dec. 31, 2021
Parent Company Only Condensed Financial Information
Parent Company Only Condensed Financial Information	Note 21 – Parent Company Only Condensed Financial Information Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheet December 31, 2021 2020 (In thousands) Assets Cash and cash equivalents $ 6,439 $ 126 Investment in bank subsidiary 131,540 49,418 Other assets 3,604 2,735 Total assets $ 141,583 $ 52,279 Liabilities and stockholders’ equity Junior subordinated debentures $ - $ 3,315 Accrued expenses and other liabilities 583 79 Stockholders’ equity 141,000 48,885 Total liabilities and stockholders’ equity $ 141,583 $ 52,279 Condensed Statements of Income Years ended December 31, 2021 2020 (In thousands) Interest income $ 27 $ 23 Interest expense (60 ) (133 ) Other expense (1,982 ) (1,033 ) Loss before income tax and undistributed subsidiary income (2,015 ) (1,143 ) Income tax benefits 405 291 Equity in undistributed subsidiary (loss) income (2,440 ) 210 Net loss $ (4,050 ) $ (642 ) Condensed Statements of Cash Flows Years ended December 31, 2021 2020 (In thousands) Cash flows from operating activities Net loss $ (4,050 ) $ (642 ) Adjustments to reconcile net loss to net cash used in operating activities: Equity in undistributed subsidiary loss (income) 2,440 (210 ) Change in other assets (869 ) (223 ) Change in accrued expenses and other liabilities 504 21 Net cash used in operating activities (1,975 ) (1,054 ) Cash flows from investing activities Capital distribution to bank subsidiary (20,000 ) - Dividends from bank subsidiary 700 2,000 Net cash (used in) provided by investing activities (19,300 ) 2,000 Cash flows from financing activities Proceeds from sale of stock 30,837 - Repayments of borrowings (3,315 ) (1,020 ) Proceeds from repayment of ESOP loan 66 66 Net cash used in financing activities 27,588 (954 ) Net change in cash and cash equivalents 6,313 (8 ) Beginning cash and cash equivalents 126 134 Ending cash and cash equivalents $ 6,439 $ 126

Loss Per Common Share

Loss Per Common Share	12 Months Ended
	Dec. 31, 2021
Loss Per Common Share [Abstract]
Loss Per Common Share	Note 22 – Loss Per Common Share The factors used in the earnings per common share computation follow: 2021 2020 (Dollars in thousands, except share and per share) Net loss $ (4,050 ) $ (642 ) Less net income attributable to participating securities - - Loss available to common stockholders $ (4,050 ) $ (642 ) Weighted average common shares outstanding for basic earnings per common share 60,151,556 27,163,427 Add: dilutive effects of unvested restricted stock awards - - Weighted average common shares outstanding for diluted earnings per common share 60,151,556 27,163,427 Loss per common share – basic $ (0.07 ) $ (0.02 ) Loss per common share – diluted $ (0.07 ) $ (0.02 ) Stock options for 450,000 shares of common stock for the years ended December 31, 2021 and 2020, respectively, were not considered in computing diluted earnings per common share because they were anti‑dilutive. Basic loss per share of common stock is computed pursuant to the two-class method by dividing net loss available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed loss attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Because the Company recorded losses for the years ended December 31, 2021 and 2020, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in either year.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 23 – Subsequent Events Subsequent events have been evaluated through April 14, 2022, which is the date these financial statements were issued.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation Broadway Financial Corporation (the “Company”) was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association (“Broadway Federal”) as part of the Bank’s conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the Bank’s name was changed to Broadway Federal Bank, f.s.b. The conversion was completed, and the Bank became a wholly‑owned subsidiary of the Company, in January 1996. On April 1, 2021, the Company completed its merger with CFBanc Corporation (“CFBanc”), with the Company continuing as the surviving entity. Immediately following the CFBanc Merger, Broadway Federal Bank, f.s.b. merged with and into City First Bank of D.C, National Association with City First Bank of D.C., National Association continuing as the surviving entity (combined with Broadway Federal, “City First” or the “Bank”). Concurrently with the Merger, the Bank changed its name to City First Bank, National Association. The Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in the Bank’s market areas. At December 31, 2021, the Bank operated three retail‑banking offices: Los Angeles and in the nearby city of Inglewood in California, and another in Washington, D.C. The Bank is subject to significant competition from other financial institutions and is also subject to regulation by certain federal agencies and undergoes periodic examinations by those regulatory authorities. The accompanying consolidated financial statements include Broadway Financial Corporation and its wholly owned subsidiary, City First Bank, National Association (together with the Company, “City First Broadway”). Also included in the consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. The results of Broadway Service Corporation, a wholly owned subsidiary of the Bank, are also included in the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”), management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ from these estimates. The allowance and provision for loan losses, specific reserves for impaired loans, fair value of acquired assets and liabilities in business combinations,
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, amounts due from correspondent banks and the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and interest‑bearing deposits in other banks with initial terms of ninety days or less. The Company may be required to maintain reserve and clearing balances with the Federal Reserve Bank under the Federal Reserve Act of 1913, as amended. Effective on March 26, 2020, as a part of Federal Reserve Bank’s tools to promote maximum employment, Federal Reserve Bank Board reduced reserve requirement ratios to zero. The reserve and clearing requirement balance were no longer required at December 31, 2021. Net cash flows are reported for customer loan and deposit transactions, interest‑bearing deposits in other banks, deferred income taxes and other assets and liabilities.
Investment Securities	Investment Securities Securities are classified as held‑to‑maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Securities are classified as available‑for‑sale when they might be sold before maturity. Securities available‑for‑sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level‑yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other‑than‑temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Consideration is given to the financial condition and near‑term prospects of the issuer, the length of time and the extent to which the fair value has been less than the cost, and the intent and ability of management to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition.
Loans Receivable Held for Investment	Loans Receivable Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of allowance for loan losses, deferred loan fees and costs and unamortized premiums and discounts. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, premiums and discounts are deferred, and recognized in income using the level‑yield method without anticipating prepayments. Interest income on all loans is discontinued at the time the loan is 90 days delinquent unless the loan is well‑secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non‑accrual or charged‑off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on non‑accrual is reversed against interest income. Interest received on such loans is accounted for on the cash‑basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Concentration of Credit Risk	Concentration of Credit Risk Concentrations of credit risk arise when several customers are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s lending activities are predominantly in real estate loans that are secured by properties located in Southern California and in Washington D.C., and many of the borrowers reside in those areas. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy and real estate market in the markets in which the Company operates.
Loans Purchased	Loans Purchased The Bank purchases or participates in loans originated by other institutions from time to time. Subject to regulatory restrictions applicable to savings institutions, the Bank’s current loan policies allow all loan types to be purchased. The determination to purchase specific loans or pools of loans is based upon the Bank’s investment needs and market opportunities and is subject to the Bank’s underwriting policies, which require consideration of the financial condition of the borrower and the appraised value of the property, among other factors. Premiums or discounts incurred upon the purchase of loans are recognized in income using the interest method over the estimated life of the loans, adjusted for actual prepayments. No loans were purchased during 2021 and 2020.
Purchased Credit Impaired Loans	Purchased Credit Impaired Loans As part the Company’s merger with CFBanc, the Company acquired certain loans that have shown evidence of credit deterioration since origination; these loans are referred to as purchased credit impaired loans (“PCI loans”). These PCI loans are recorded at their fair value at acquisition, such that there is no carryover of the seller’s allowance for loan losses. Such PCI loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each PCI loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the PCI loan, expected cash flows continue to be estimated each quarter. If the present value of expected cash flows decreases from the prior estimate, a provision for loan losses is recorded and an allowance for loan losses is established. If the present value of expected cash flows increases from the prior estimate, the increase is recognized as part of future interest income. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent cash recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, could be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDR”) and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on case‑by‑case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, either a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or alternatively a charge‑off is taken to record the loan at the fair value of the collateral, less estimated selling costs, if repayment is expected solely from the collateral. TDRs are individually evaluated for impairment and included in the separately identified impairment disclosures. TDRs are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of any necessary additional charge‑off based on internal analyses and appraisals of the underlying collateral securing these loans. The general component covers loans that are collectively evaluated for impairment and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment with the use of a loss migration analysis and is based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is supplemented with information about other current economic factors based on the risks present for each portfolio segment. These current economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge‑offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. The following portfolio segments have been identified: one‑to‑four units (“single family”), five or more units (“multi‑family”), commercial real estate, church, construction, commercial loans, and consumer loans. The risks in our various portfolio segments are as follows: Single Family Multi‑Family Commercial Real Estate Church Construction Commercial Consumer
Real Estate Owned	Real Estate Owned Assets acquired through, or by deed in lieu of, loan foreclosure are initially recorded at fair value less estimated costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through a provision that is charged to non‑interest expense. Operating costs after acquisition are expensed as incurred. The Company had no REO assets as of December 31, 2021 or December 31, 2020.
Business Combinations	Business Combinations Business combinations are accounted for using the acquisition accounting method. Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on the acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and that are determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed. The Company has selected November 30th as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Company’s consolidated statement of financial condition. Core deposit intangible assets arising from mergers and acquisitions are amortized on an accelerated basis reflecting the pattern in which the economic benefits of the intangible asset are consumed or otherwise used up. The estimated life of the core deposit intangible is approximately 10 years.
Office Properties and Equipment	Office Properties and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight‑line method with useful lives ranging from 10 to 40 years. Furniture, fixtures, and equipment are depreciated using the straight‑line method with useful lives ranging from 3 to 10 years. Leasehold improvements are amortized over the lease term or the estimated useful life of the asset, whichever is shorter.
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock	Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock The Bank is a member of the FHLB and FRB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of their par value. Both cash and stock dividends are reported as income when declared.
Bank-Owned Life Insurance	Bank‑Owned Life Insurance The Bank has purchased life insurance policies on a former key executive. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Investment in Affordable Housing Limited Partnership	Investment in Affordable Housing Limited Partnership The Bank owns a less than 5% interest in an affordable housing limited partnership. The investment is recorded using the cost method and is being amortized over the life of the related tax credits. The tax credits are being recognized in income tax expense in the consolidated financial statements to the extent they are utilized on the Company’s income tax returns. The investment is reviewed for impairment on an annual basis or on an interim basis if an event occurs that would trigger potential impairment.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Variable Interest Entities ("VIE")	Variable Interest Entities (“VIE”) An entity is considered to be a VIE when it does not have sufficient equity investment at risk, the equity investors as a group lack the characteristics of a controlling financial interest, or the entity is structured with disproportionate voting rights and substantially all of the entity’s activities are conducted on behalf of an investor with disproportionately few voting rights. The Company is required to consolidate a VIE when it holds a variable interest in the VIE and is also the primary beneficiary of the VIE. CFC 45 is a Community Development Entity (“CDE”), and is considered to be a VIE. The Company is the primary beneficiary because it has the power to direct activities that most significantly affect the economic performance of CFC 45 and has the obligation to absorb the majority of the losses or benefits of its financial performance.
Noncontrolling Interests	Noncontrolling Interests For consolidated subsidiaries that are less than wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The portion of net income attributable to noncontrolling interests for such subsidiaries is presented as net income applicable to noncontrolling interests on the consolidated statements of operations and comprehensive income, and the portion of the stockholders’ equity of such subsidiaries is presented as noncontrolling interests on the consolidated statements of financial condition and consolidated statements of changes in stockholders’ equity.
Revenue Recognition	Revenue Recognition Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires the Company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. Most of our revenue‑generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans and investment securities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. The Company’s revenue stream that is within the scope of Topic 606 is primarily service charges on deposit accounts, which consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.
Stock-Based Compensation	Stock‑Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees, based on the fair value of these awards at the date of grant. A Black‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Compensation cost is recognized on a straight‑line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest related to income tax matters in interest expense and penalties related to tax matters in income tax expense.
Retirement Plans	Retirement Plans Employee 401(k) expense is the amount of matching contributions made by the Company.
Employee Stock Ownership Plan (ESOP)	Employee Stock Ownership Plan (ESOP) The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest.
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share Basic earnings (loss) per share of common stock is computed pursuant to the two‑class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards using treasury stock method and additional potential common shares issuable under stock options. Because the Company recorded losses for the years ended December 31, 2021 and 2020, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in either year.
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of the net loss from operations and other comprehensive income or loss. Other comprehensive loss includes unrealized gains and losses on securities available‑for‑sale, net of tax, which are also recognized as separate components of equity.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe that any such matters existed as of the balance sheet date that will have a material effect on the consolidated financial statements.
Fair Value Measurements	Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair values are estimated using relevant market information and other assumptions, as more fully disclosed in Note 10. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Operating Segments	Operating Segments The Company operates as a single segment. The operating information used by management to assess performance and make operating decisions about the Company is the consolidated financial data presented in these financial statements. For the years ended 2021 and 2020, the Company has determined that banking is its one reportable business segment.
Reclassifications	Reclassifications Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year consolidated net income or stockholders’ equity.
Accounting Pronouncements Yet to Be Adopted	Accounting Pronouncements Yet to Be Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 replaces the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (CECL) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held-to-maturity debt securities, and reinsurance receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance (such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor. For debt securities with other-than-temporary impairment, the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchased credit deteriorated (PCD) assets at the date of adoption. The asset will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. On October 16, 2019, the FASB voted to affirm the proposed amended effective date for ASU 2016-13 for smaller reporting companies (“SRCs”) as defined by the SEC. The final ASU, which was issued in November 2019, delays the implementation date for ASU 2016-13 to fiscal years beginning after December 15, 2022. SRCs are defined as companies with less than $250 million of public float or less than $100 million in annual revenues for the previous year and no public float or public float of less than $700 million. The Company qualifies as an SRC, and management will implement ASU 2016-13 in the first quarter of 2023. The estimated financial impact has not yet been determined. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This ASU clarifies the scope of the credit losses standard and addresses issues related to accrued interest receivable balances, recoveries, variable interest rates and prepayments, among other things. The amendments to Topic 326 have the same effective dates as ASU 2016-13. This guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In March 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions regarding the accounting related to the modifications of certain contracts, relationships and other transactions that are affected by reference rate reform related to contracts that reference LIBOR or other reference rates that could be discontinued due to reference rate reform. This guidance was effective immediately and was adopted by the Company as of January 1, 2022. As of December 31, 2021, the Company modified all of its loan contracts that were bencmarked to the LIBOR index to SOFR, and applied the practical expedients allowed by this ASU regarding treatment of those modifications. In May 2019, the FASB issued ASU No. 2019-05, Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief. This ASU allows entities to irrevocably elect the fair value option on an instrument-by-instrument basis for eligible financial assets measured at amortized cost basis upon adoption of the credit loss standards. The effective date for this ASU is the same as for ASU 2016-13. Management will evaluate this ASU in conjunction with ASU 2016-13 to determine whether the fair value option will be elected for any eligible financial assets. In December 2020, the FASB issued ASU No. 2020-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. The amendments in this ASU are intended to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments are also intended to improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. Adoption of this ASU is not expected to have a material effect on the Company’s financial position or results of operations.

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination [Abstract]
Assets Acquired and Liabilities Assumed	The following table represents the assets acquired and liabilities assumed in the CFBanc Merger as of April 1, 2021, and the fair value adjustments and amounts recorded by the Company as of the same date under the acquisition method of accounting: CFBanc Book Value Fair Value Adjustments Fair Value Assets acquired (In thousands) Cash and cash equivalents $ 84,745 $ - $ 84,745 Securities available-for-sale 150,052 (77 ) 149,975 Loans receivable held for investment: Gross loans receivable held for investment 227,669 (1,784 ) 225,885 Deferred fees and costs (315 ) 315 - Allowance for loan losses (2,178 ) 2,178 - 225,176 709 225,885 Accrued interest receivable 1,637 - 1,637 FHLB and FRB stock 1,061 - 1,061 Office properties and equipment 5,152 1,801 6,953 Deferred tax assets, net 890 (1,608 ) (718 ) Core deposit intangible - 3,329 3,329 Other assets 2,290 - 2,290 Total assets $ 471,003 $ 4,154 $ 475,157 Liabilities assumed Deposits $ 353,671 $ 51 $ 353,722 Securities sold under agreements to repurchase 59,945 - 59,945 FHLB advances 3,057 109 3,166 Notes payable 14,000 - 14,000 Accrued expenses and other liabilities 4,063 - 4,063 Total liabilities $ 434,736 $ 160 $ 434,896 Excess of assets acquired over liabilities assumed $ 36,267 $ 3,994 $ 40,261 Consideration paid $ 66,257 Goodwill recognized $ 25,996
Contractual Amounts Due, Expected Cash Flows to Be Collected, Interest Component, and Fair Value of Loans Acquired	The contractual amounts due, expected cash flows to be collected, the interest component, and the fair value of loans acquired from CFBanc as of the acquisition date were as follows: Acquired Loans (In thousands) Contractual amounts due $ 231,432 Cash flows not expected to be collected (3,666 ) Expected cash flows 227,766 Interest component of expected cash flows (1,881 ) Fair value of acquired loans $ 225,885
Fair Value of PCI Loans	A component of total loans acquired from CFBanc were loans that were considered to be PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of the date of acquisition (in thousands): Contractual amounts due $ 1,825 Non-accretable difference (cash flows not expected to be collected) (634 ) Expected cash flows 1,191 Accretable yield (346 ) Fair value of acquired PCI loans $ 845
Unaudited Pro Forma Information	The following table presents the net interest income, net income, and earnings per share as if the CFBanc Merger was effective as of January 1, 2020. The unaudited pro forma financial information included in the table below is based on various estimates and is presented for informational purposes only and does not indicate the financial condition or results of operations of the combined Company that would have been achieved for the periods presented had the transactions been completed as of the date indicated or that may be achieved in the future. For the Year Ended December 31 2021 2020 (Dollars in thousands, except per share amounts) Net interest income $ 23,336 $ 18,684 Net income (loss) (4,770 ) 110 Basic earnings per share $ (0.07 ) $ 0.0 Diluted earnings per share $ (0.07 ) $ 0.0

Capital Raise (Tables)

Capital Raise (Tables)	12 Months Ended
	Dec. 31, 2021
Capital Raise [Abstract]
Common Stock Issued as a Result of Merger and as a Result of Private Placements by Class	The following table shows the common stock issued on April 1, 2021 as a result of the merger and on April 6, 2021 as a result of the private placements by class: Common Shares Outstanding Voting Class A Nonvoting Class B Nonvoting Class C Total Shares Shares outstanding March 31, 2021: 19,142,498 - 8,756,396 27,898,894 Shares issued in merger 13,999,870 11,404,621 - 25,404,491 Shares exchanged post-merger (681,300 ) - 681,300 - Shares cancelled (52,105 ) - - (52,105 ) Shares issued in private placements 11,221,921 - 7,252,079 18,474,000 Fractional shares cancelled (20 ) (3 ) - (23 ) Shares outstanding April 6, 2021: 43,630,864 11,404,618 16,689,775 71,725,257

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2021
Securities [Abstract]
Available-for-Sale Investment Securities Portfolios	The following table summarizes the amortized cost and fair value of the available‑for‑sale investment securities portfolios at December 31, 2021 and December 31, 2020 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) December 31, 2021 Federal agency mortgage‑backed securities $ 70,078 $ 196 $ (244 ) $ 70,030 Federal agency collateralized mortgage obligation (“CMO”) 9,391 11 (115 ) 9,287 Federal agency debt 38,152 106 (270 ) 37,988 Municipal bonds 4,898 40 (23 ) 4,915 U.S. treasuries 18,169 - (218 ) 17,951 SBA pools 16,241 122 (138 ) 16,225 Total available‑for‑sale securities $ 156,929 $ 475 $ (1,008 ) $ 156,396 December 31, 2020 Federal agency mortgage‑backed securities $ 5,550 $ 257 $ - $ 5,807 Federal agency debt 2,682 190 - 2,872 Municipal bonds 2,000 19 - 2,019 Total available‑for‑sale securities $ 10,232 $ 466 $ - $ 10,698
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of all investment securities available-for-sale at December 31, 2021, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 1,014 $ - $ (1 ) $ 1,013 Due after one year through five years 33,613 15 (368 ) 33,260 Due after five years through ten years 46,437 114 (233 ) 46,318 Due after ten years (1) 75,865 346 (406 ) 75,805 $ 156,929 $ 475 $ (1,008 ) $ 156,396 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.

Loans Receivable Held for Inv_2

Loans Receivable Held for Investment (Tables)	12 Months Ended
	Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Loans receivable held for investment were as follows as of the periods indicated: December 31, 2021 December 31, 2020 (In thousands) Real estate: Single family $ 45,372 $ 48,217 Multi‑family 393,704 272,387 Commercial real estate 93,193 24,289 Church 22,503 16,658 Construction 32,072 429 Commercial – other 46,539 57 SBA loans 18,837 - Consumer - 7 Gross loans receivable before deferred loan costs and premiums 652,220 362,044 Unamortized net deferred loan costs and premiums 1,526 1,300 653,746 363,344 Credit and interest marks on purchased loans, net (1,842 ) - Allowance for loan losses (3,391 ) (3,215 ) Loans receivable, net $ 648,513 $ 360,129
Activity in Allowance for Loan Losses by Loan Type	The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: For the year ended December 31, 2021 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Provision for (recapture of) loan losses (151 ) 224 14 (134 ) 190 19 14 176 Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance (1) $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 (1) Loans acquirqed in the City First Merger and PPP loans originated since the merger were not considered in this analysis. For the year ended December 31, 2020 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 312 $ 2,319 $ 133 $ 362 $ 48 $ 7 $ 1 $ 3,182 Provision for (recapture of) loan losses (20 ) 114 89 (125 ) (26 ) (3 ) - 29 Recoveries 4 - - - - - - 4 Loans charged off - - - - - - - - Ending balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215
Carrying Amount of Purchased Credit Impaired Loans	The carrying amount of those loans as of December 31, 2021, was as follows: (In thousands) Real estate: Single family $ 558 Commercial real estate 221 Commercial – other 104 $ 883
Accretable yield on Purchased Credit Impaired Loans	The following table summarizes the accretable yield on the PCI loans for the year ended December 31, 2021: (In thousands) Balance on acquisition date $ - Additions 346 Accretion (57 ) Balance at the end of the year $ 289
Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method	The following tables present the balance in the allowance for loan losses and the recorded investment (unpaid contractual principal balance less charge‑offs, less interest applied to principal, plus unamortized deferred costs and premiums) by loan type and based on impairment method as of and for the periods indicated: December 31, 2021 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other SBA Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 3 $ - $ - $ 4 $ - $ - $ - $ 7 Collectively evaluated for impairment 142 2,657 236 99 212 23 15 3,384 Total ending allowance balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Loans: Loans individually evaluated for impairment $ 65 $ 282 $ - $ 1,954 $ - $ - $ - $ 2,301 Loans collectively evaluated for impairment 32,599 353,179 25,507 9,058 24,225 3,124 - 447,692 Subtotal 32,664 353,461 25,507 11,012 24,225 3,124 - 449,993 Loans acquired in the Merger 12,708 41,769 67,686 11,491 7,847 43,415 18,837 203,753 Total ending loans balance $ 45,372 $ 395,230 $ 93,193 $ 22,503 $ 32,072 $ 46,539 $ 18,837 $ 653,746 December 31, 2020 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 89 $ - $ - $ 52 $ - $ - $ - $ 141 Collectively evaluated for impairment 207 2,433 222 185 22 4 1 3,074 Total ending allowance balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Loans: Loans individually evaluated for impairment $ 573 $ 298 $ - $ 3,813 $ - $ 47 $ - $ 4,731 Loans collectively evaluated for impairment 47,784 273,566 24,322 12,495 430 9 7 358,613 Total ending loans balance $ 48,357 $ 273,864 $ 24,322 $ 16,308 $ 430 $ 56 $ 7 $ 363,344
Loans Individually Evaluated for Impairment by Loan Type	The following table presents information related to loans individually evaluated for impairment by loan type as of the periods indicated: December 31, 2021 December 31, 2020 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Single‑family $ - $ - $ - $ 2 $ 1 $ - Multi‑family 282 282 - 298 298 - Church - - - 2,527 1,970 - With an allowance recorded: Single family 65 65 3 573 573 89 Church 1,954 1,954 4 1,842 1,842 52 Commercial – other - - - 47 47 - Total $ 2,301 $ 2,301 $ 7 $ 5,289 $ 4,731 $ 141
Average of Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income	The following tables present the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the periods indicated: For the year ended December 31, 2021 For the year ended December 31, 2020 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 66 $ 5 $ 591 $ 29 Multi‑family 290 19 306 21 Church 2,310 176 4,033 442 Commercial – other - - 55 4 Total $ 2,666 $ 200 $ 4,985 $ 496
Aging of Recorded Investment in Past Due Loans by Loan Type	The following tables present the aging of the recorded investment in past due loans by loan type as of the periods indicated: December 31, 2021 30‑59 Days Past Due 60‑89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single family $ - $ - $ - $ - $ 45,372 $ 45,372 Multi‑family - - - - 395,230 395,230 Commercial real estate - 2,423 - 2,423 90,770 93,193 Church - - - - 22,503 22,503 Construction - - - - 32,072 32,072 Commercial – other - - - - 46,539 46,539 SBA loans 18,837 18,837 Consumer - - - - - - Total $ - $ 2,423 $ - $ 2,423 $ 651,323 $ 653,746 December 31, 2020 30‑59 Days Past Due 60‑89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single family $ - $ - $ - $ - $ 48,357 $ 48,357 Multi‑family - - - - 273,864 273,864 Commercial real estate - - - - 24,322 24,322 Church - - - - 16,308 16,308 Construction - - - - 430 430 Commercial – other - - - - 56 56 Consumer - - - - 7 7 Total $ - $ - $ - $ - $ 363,344 $ 363,344
Recorded Investment in Non-accrual Loans by Loan Type	The following table presents the recorded investment in non‑accrual loans by loan type as of the periods indicated: December 31, 2021 December 31, 2020 Loans receivable held for investment: (In thousands) Single family $ - $ 1 Church 684 786 Total non-accrual loans $ 684 $ 787
Risk Categories of Loans by Loan Type	The following table shows the risk categories of loans by type excluding loans acquired in the City First Merger as of December 31, 2021: December 31, 2021 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 32,664 $ - $ - $ - $ - $ - $ 32,664 Multi‑family 353,118 - - 343 - - 353,461 Commercial real estate 24,049 - - 1,458 - - 25,507 Church 8,530 - - 2,482 - - 11,012 Construction 8,275 15,950 - - - - 24,225 Commercial – other 3,124 - - - - - 3,124 Consumer - - - - - - - Total $ 429,760 $ 15,950 $ - $ 4,283 $ - $ - $ 449,993 The following table shows the risk categories of loans by type for loans acquired in the City First Merger as of December 31, 2021: December 31, 2021 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 9,790 $ 1,343 $ 271 $ 1,304 $ - $ - $ 12,708 Multi‑family 25,023 7,987 575 8,184 - - 41,769 Commercial real estate 45,208 7,034 9,847 5,597 - - 67,686 Church 11,491 - - - - - 11,491 Construction 2,247 5,600 - - - - 7,847 Commercial – other 30,864 12,551 - - - - 43,415 SBA 18,665 - 172 - - - 18,837 Total $ 143,288 $ 34,515 $ 10,865 $ 15,085 $ - $ - $ 203,753 December 31, 2020 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 48,357 $ - $ - $ - $ - $ - $ 48,357 Multi‑family 273,501 - - 363 - - 273,864 Commercial real estate 22,834 1,488 - - - - 24,322 Church 12,899 657 - 2,752 - - 16,308 Construction 430 - - - - - 430 Commercial – other 9 - - 47 - - 56 Consumer 7 - - - - - 7 Total $ 358,037 $ 2,145 $ - $ 3,162 $ - $ - $ 363,344

Office Properties and Equipme_2

Office Properties and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2021
Office Properties and Equipment, net [Abstract]
Office Properties and Equipment	Year‑end office properties and equipment were as follows: 2021 2020 (In thousands) Land $ 5,322 $ 572 Office buildings and improvements 5,763 3,275 Rights of use assets 1,120 190 Furniture, fixtures, and equipment 2,171 2,239 14,376 6,276 Less accumulated depreciation (4,032 ) (3,736 ) Office properties and equipment, net $ 10,344 $ 2,540

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Additional Information Related to Operating Leases	Additional information regarding our operating leases is summarized below for the periods indicated dollars in thousands): Year Ended December 31, 2021 Cash paid for amounts included in the measurement of lease liabilities for operating leases: $ 57 ROU assets obtained in exchange for lease liabilities $ 1,119 Weighted average remaining lease term in months 57 Weighted average discount rate 1.10 %
Future Minimum Lease Payments for Operating Lease	The future minimum payments for operating leases with remaining terms of one year or more as of December 31, 2021 were as follows (in thousands): Year ended December 31, 2022 $ 229 Year ended December 31, 2023 236 Year ended December 31, 2024 244 Year ended December 31, 2025 252 Year ended December 31, 2026 193 Total future minimum lease payments 1,154 Amounts representing interest (31 ) Present value of net future minimum lease payments $ 1,123

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Core Deposit Intangible [Abstract]
Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles	The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the year ended December 31, 2021: Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ - $ - Additions 25,996 3,329 Amortization - (393 ) Impairment - - Balance at the end of the period $ 25,996 $ 2,936
Estimated Amortization Expense for Core Deposit Intangible	The following table outlines the estimated amortization expense related to the core deposit intangible during the next five fiscal years: (In thousands) 2022 $ 435 2023 390 2024 336 2025 315 2026 304 Thereafter 1,156 $ 2,936

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value [Abstract]
Assets Measured on Recurring Basis	Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) At December 31, 2021 Securities available for sale: Federal agency mortgage‑backed securities $ - $ 70,030 $ - $ 70,030 Federal agency CMO - 9,287 - 9,287 Federal agency debt - 37,988 - 37,988 Municipal bonds - 4,915 - 4,915 U.S. Treasuries - 17,951 - 17,951 SBA Pools - 16,225 - 16,225 At December 31, 2020 - Securities available for sale: Federal agency mortgage‑backed securities $ - $ 5,807 $ - $ 5,807 Municipal bonds - 2,019 - 2,019 Federal agency debt - 2,872 - 2,872
Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments as of the periods indicated were as follows: Carrying Fair Value Measurements at December 31, 2021 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 231,520 $ 231,520 $ - $ - $ 231,520 Securities available‑for‑sale 156,396 - 156,396 - 156,396 Loans receivable held for investment 648,513 - - 623,778 623,778 Accrued interest receivable 3,372 19 1,089 2,264 3,372 Bank owned life insurance 3,190 3,190 - - 3,190 Financial Liabilities: Deposits $ 788,052 $ - $ 754,181 $ - $ 754,181 Federal Home Loan Bank advances 85,952 - 87,082 - 87,082 Securities sold under agreements to repurchase 51,960 - - - 51,960 Notes payable 14,000 - - - 14,000 Accrued interest payable 119 - 119 - 119 Carrying Fair Value Measurements at December 31, 2020 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 96,109 $ 96,109 $ - $ - $ 96,109 Securities available‑for‑sale 10,698 - 10,698 - 10,698 Loans receivable held for investment 360,129 - - 366,279 366,279 Accrued interest receivable 1,202 60 14 1,128 1,202 Bank owned life insurance 5,633 5,633 - - 5,633 Financial Liabilities: Deposits $ 315,630 $ - $ 312,725 $ - $ 312,725 Federal Home Loan Bank advances 110,500 - 113,851 - 113,851 Junior subordinated debentures 3,315 - - 2,798 2,798 Accrued interest payable 88 - 84 4 88

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	Deposits are summarized as follows: December 31, 2021 2020 (In thousands) NOW account and other demand deposits $ 90,285 $ 15,237 Non‑interest bearing demand deposits 220,152 47,269 Money market deposits 204,888 60,281 Passbook 70,750 64,127 Certificates of deposit 201,977 128,716 Total $ 788,052 $ 315,630
Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit for the next five years are as follows: Maturity Amount (In thousands) 2022 $ 191,943 2023 8,103 2024 834 2025 796 2026 237 Thereafter 64 $ 201,977

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances (Tables)	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Bank Advances [Abstract]
Information Regarding FHLB Advances	The following table summarizes information relating to FHLB advances at or for the periods indicated: At or For the Year Ended 2021 2020 (Dollars in thousands) FHLB Advances: Average balance outstanding during the year $ 100,471 $ 114,020 Maximum amount outstanding at any month‑end during the year $ 113,580 $ 121,500 Balance outstanding at end of year $ 85,952 $ 110,500 Weighted average interest rate at end of year 1.85 % 1.94 % Average cost of advances during the year 1.96 % 1.91 % Weighted average contractual maturity (in months) 22 27
Required Payments over Next Five Years	Scheduled maturities of FHLB advances over the next five years are as follows: Amount (In thousands) 2022 $ 18,140 2023 30,140 2024 5,140 2025 32,532 2026 - $ 85,952

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Employee Benefit Plans [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: December 31, 2021 December 31, 2020 (Dollars in thousands) Allocated to participants 1,087,216 1,065,275 Committed to be released 10,064 10,236 Suspense shares 521,618 562,391 Total ESOP shares 1,618,898 1,637,902 Fair value of unearned shares $ 1,454 $ 1,040

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Taxes [Abstract]
Income Tax (Benefit) Expense	Income tax (benefit) expense was as follows: 2021 2020 (In thousands) Current Federal $ 4 $ (59 ) State (38 ) 144 Deferred Federal (909 ) 7 State (363 ) (499 ) Change in Valuation Allowance 369 - Total $ (937 ) $ (407 )
Effective Income Tax Rate Reconciliation	Effective tax rates differ from the federal statutory rate of 21% applied to income before income taxes due to the following: 2021 2020 (In thousands) Federal statutory rate times financial statement net loss $ (1,026 ) $ (220 ) Effect of: State taxes, net of federal benefit (292 ) (7 ) Earnings from bank owned life insurance (9 ) (10 ) Merger-related expense 195 200 Low income housing credits (58 ) (117 ) Change in valuation allowance 369 - Tax effect of stock-based compensation (129 ) - Tax benefit from tax positions taken in prior years - (273 ) Other, net 13 20 Total $ (937 ) $ (407 )
Deferred Tax Assets and Liabilities	Year‑end deferred tax assets and liabilities were due to the following: 2021 2020 (In thousands) Deferred tax assets: Allowance for loan losses $ 677 $ 909 Accrued liabilities 954 139 State income taxes 1 58 Stock compensation 154 310 Net operating loss carryforward 3,946 3,437 Non‑accrual loan interest 51 1 Partnership investment 155 188 General business credit 2,006 1,969 Alternative minimum tax credit 5 34 Net unrealized loss on securities available-for-sale 464 - Right of use liability 319 - Fair value adjustment on acquired loans 521 - Other 363 40 Total deferred tax assets 9,616 7,085 Less: valuation allowance (369 ) - Total deferred tax assets , net of valuation allowance 9,247 7,085 Deferred tax liabilities: Section 481 Adjustments to bad debts (6 ) (334 ) Deferred loan fees/costs (750 ) (651 ) Basis difference on fixed assets (702 ) (18 ) Net unrealized appreciation on available‑for‑sale securities - (138 ) FHLB stock dividends (98 ) (266 ) Mortgage servicing rights - (1 ) Prepaid expenses (220 ) (44 ) Right of use assets (317 ) - Core deposit intangibles (1,053 ) - Total deferred tax liabilities (3,146 ) (1,452 ) Net deferred tax assets $ 6,101 $ 5,633

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity during the years ended December 31, 2021 and 2020: 2021 2020 Number Outstanding Weighted Average Exercise Price Number Outstanding Weighted Average Exercise Price Outstanding at beginning of year 450,000 $ 1.62 455,000 $ 1.67 Granted during the year - - - - Exercised during the year - - - - Forfeited or expired during the year - - (5,000 ) 6.00 Outstanding at end of year 450,000 $ 1.62 450,000 $ 1.62 Exercisable at end of year 450,000 $ 1.62 360,000 $ 1.62
Options Outstanding and Exercisable	Options outstanding and exercisable at year‑end 2021 were as follows: Outstanding Exercisable Grant Date Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value February 24, 2016 450,000 4.15 years $ 1.62 450,000 $ 1.62 - 4.15 years $ 1.62 $ - 450,000 $ 1.62 $ -

Capital and Regulatory Matters

Capital and Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2021
Capital and Regulatory Matters [Abstract]
Actual and Required Capital Amounts and Ratios	City First Bank, N.A. elected to adopt the CBLR option on April 1, 2020 as reflected in its June 30, 2020 Call Report. Its CBLR as of December 31, 2021 is shown in the table below. The Company’s former subsidiary, Broadway Federal Bank, f.s.b., did not elect to adopt the CBLR and reported the December 31, 2020 capital ratios as shown in the table below. Actual Minimum Capital Requirements Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2021 Community Bank Leverage Ratio (1) $ 98,590 9.32 % $ $ 89,871 8.50 % December 31, 2020 Tier 1 (Leverage) $ 46,565 9.54 % $ 19,530 4.00 % $ 24,413 5.00 % Common Equity Tier 1 $ 46,565 18.95 % $ 11,059 4.50 % $ 15,975 6.50 % Tier 1 $ 46,565 18.95 % $ 14,746 6.00 % $ 19,661 8.00 % Total Capital $ 49,802 20.20 % $ 19,661 8.00 % $ 24,577 10.00 % (1) At the Merger on April 1, 2021, the Company’s former subsidiary, Broadway Federal Bank, f.s.b., was merged into City First Bank of D.C, N. A., with City First Bank of D.C, N.A. as the surviving entity and the resultant bank being named City First Bank, National Association, which had elected to adopt Community Bank Leverage Ratio option on April 1, 2020 as reflected in its june 30, 2020 Call Report.

Loan Commitments and Other Re_2

Loan Commitments and Other Related Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Loan Commitments and Other Related Activities [Abstract]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk	The contractual amounts of financial instruments with off‑balance‑sheet risk at year‑end were as follows: 2021 2020 (In thousands) Commitments to make loans $ 13,384 $ - Unfunded construction loans 10,352 Unused lines of credit – variable rates 9,326 2,472

Parent Company Only Condensed_2

Parent Company Only Condensed Financial Information (Tables)	12 Months Ended
	Dec. 31, 2021
Parent Company Only Condensed Financial Information
Condensed Balance Sheet	Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheet December 31, 2021 2020 (In thousands) Assets Cash and cash equivalents $ 6,439 $ 126 Investment in bank subsidiary 131,540 49,418 Other assets 3,604 2,735 Total assets $ 141,583 $ 52,279 Liabilities and stockholders’ equity Junior subordinated debentures $ - $ 3,315 Accrued expenses and other liabilities 583 79 Stockholders’ equity 141,000 48,885 Total liabilities and stockholders’ equity $ 141,583 $ 52,279
Condensed Statements of Income	Condensed Statements of Income Years ended December 31, 2021 2020 (In thousands) Interest income $ 27 $ 23 Interest expense (60 ) (133 ) Other expense (1,982 ) (1,033 ) Loss before income tax and undistributed subsidiary income (2,015 ) (1,143 ) Income tax benefits 405 291 Equity in undistributed subsidiary (loss) income (2,440 ) 210 Net loss $ (4,050 ) $ (642 )
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years ended December 31, 2021 2020 (In thousands) Cash flows from operating activities Net loss $ (4,050 ) $ (642 ) Adjustments to reconcile net loss to net cash used in operating activities: Equity in undistributed subsidiary loss (income) 2,440 (210 ) Change in other assets (869 ) (223 ) Change in accrued expenses and other liabilities 504 21 Net cash used in operating activities (1,975 ) (1,054 ) Cash flows from investing activities Capital distribution to bank subsidiary (20,000 ) - Dividends from bank subsidiary 700 2,000 Net cash (used in) provided by investing activities (19,300 ) 2,000 Cash flows from financing activities Proceeds from sale of stock 30,837 - Repayments of borrowings (3,315 ) (1,020 ) Proceeds from repayment of ESOP loan 66 66 Net cash used in financing activities 27,588 (954 ) Net change in cash and cash equivalents 6,313 (8 ) Beginning cash and cash equivalents 126 134 Ending cash and cash equivalents $ 6,439 $ 126

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2021
Loss Per Common Share [Abstract]
Factors Used in Earnings Per Common Share Computation	The factors used in the earnings per common share computation follow: 2021 2020 (Dollars in thousands, except share and per share) Net loss $ (4,050 ) $ (642 ) Less net income attributable to participating securities - - Loss available to common stockholders $ (4,050 ) $ (642 ) Weighted average common shares outstanding for basic earnings per common share 60,151,556 27,163,427 Add: dilutive effects of unvested restricted stock awards - - Weighted average common shares outstanding for diluted earnings per common share 60,151,556 27,163,427 Loss per common share – basic $ (0.07 ) $ (0.02 ) Loss per common share – diluted $ (0.07 ) $ (0.02 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies, Nature of Operations and Principles of Consolidation (Details)	Dec. 31, 2021Office
Summary of Significant Accounting Policies [Abstract]
Number of retail-banking offices	3

Summary of Significant Accoun_4

Summary of Significant Accounting Policies, Loans Receivable Held for Investment (Details)	12 Months Ended
	Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Delinquency period for interest income to be discontinued on loans	90 days

Summary of Significant Accoun_5

Summary of Significant Accounting Policies, Loans Purchased and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans Purchased [Abstract]
Purchase of loans receivable held for investment	$ 0	$ 0
Allowance for Loan Losses [Abstract]
Length of period over which historical loss experience is determined	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies, Real Estate Owned (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Real Estate Owned [Abstract]
Real estate owned	$ 0	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies, Business Combinations (Details)	12 Months Ended
	Dec. 31, 2021
Core Deposit Intangible [Member]
Business Combinations [Abstract]
Estimated useful life	10 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies, Office Properties and Equipment (Details)	12 Months Ended
	Dec. 31, 2021
Office Buildings and Improvements [Member] | Minimum [Member]
Office Properties and Equipment [Abstract]
Useful life	10 years
Office Buildings and Improvements [Member] | Maximum [Member]
Office Properties and Equipment [Abstract]
Useful life	40 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Office Properties and Equipment [Abstract]
Useful life	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Office Properties and Equipment [Abstract]
Useful life	10 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies, Investment in Affordable Housing Limited Partnership (Details)	12 Months Ended
	Dec. 31, 2021
Affordable Housing Limited Partnership [Member] | Maximum [Member]
Investment in Affordable Housing Limited Partnership [Abstract]
Ownership interest	5.00%

Summary of Significant Accou_10

Summary of Significant Accounting Policies, Earnings (Loss) Per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Earnings (Loss) Per Common Share [Abstract]
Unvested stock awards or potential common shares issuable under stock options (in shares)	0	0

Summary of Significant Accou_11

Summary of Significant Accounting Policies, Operating Segments (Details) - Segment	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating Segments [Abstract]
Number of reportable business segments	1	1

Business Combination, Summary (

Business Combination, Summary (Details) $ / shares in Units, $ in Thousands	Apr. 02, 2021USD ($)$ / shares	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 31, 2021$ / shares
Acquisition [Abstract]
Professional services costs		$ 3,701	$ 2,299
Goodwill		25,996	$ 0
Common Stock Voting [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares	$ 0.01
Share conversion ratio	13.626
Common Stock Non-Voting [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares	$ 0.01
Series A Preferred Stock [Member]
Acquisition [Abstract]
Share conversion ratio	1
CFBanc Corporation [Member]
Acquisition [Abstract]
Transaction costs		5,600
Compensation costs		3,200
Professional services costs		$ 2,400
Consideration transferred	$ 66,300
Goodwill	$ 26,000
CFBanc Corporation [Member] | Common Class A [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares				$ 0.50
CFBanc Corporation [Member] | Common Class B [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares				0.50
CFBanc Corporation [Member] | Series B Preferred Stock [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares				$ 0.50

Business Combination, Assets Ac

Business Combination, Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 02, 2021	Dec. 31, 2021	Dec. 31, 2020
Liabilities assumed [Abstract]
Goodwill recognized		$ 25,996	$ 0
CFBanc Corporation [Member]
Assets acquired [Abstract]
Cash and cash equivalents	$ 84,745
Securities available-for-sale	150,052
Loans receivable held for investment [Abstract]
Gross loans receivable held for investment	227,669
Deferred fees and costs	(315)
Allowance for loan losses	(2,178)
Net loans receivable held for investment	225,176
Accrued interest receivable	1,637
FHLB and FRB stock	1,061
Office properties and equipment	5,152
Deferred tax assets, net	890
Core deposit intangible	0
Other assets	2,290
Total assets	471,003
Liabilities assumed [Abstract]
Deposits	353,671
Securities sold under agreements to repurchase	59,945
FHLB advances	3,057
Notes payable	14,000
Accrued expenses and other liabilities	4,063
Total liabilities	434,736
Excess of assets acquired over liabilities assumed	36,267
Consideration paid	66,300
Goodwill recognized	26,000
CFBanc Corporation [Member] | Fair Value Adjustments [Member]
Assets acquired [Abstract]
Cash and cash equivalents	0
Securities available-for-sale	(77)
Loans receivable held for investment [Abstract]
Gross loans receivable held for investment	(1,784)
Deferred fees and costs	315
Allowance for loan losses	2,178
Net loans receivable held for investment	709
Accrued interest receivable	0
FHLB and FRB stock	0
Office properties and equipment	1,801
Deferred tax assets, net	(1,608)
Core deposit intangible	3,329
Other assets	0
Total assets	4,154
Liabilities assumed [Abstract]
Deposits	51
Securities sold under agreements to repurchase	0
FHLB advances	109
Notes payable	0
Accrued expenses and other liabilities	0
Total liabilities	160
Excess of assets acquired over liabilities assumed	3,994
CFBanc Corporation [Member] | Fair Value [Member]
Assets acquired [Abstract]
Cash and cash equivalents	84,745
Securities available-for-sale	149,975
Loans receivable held for investment [Abstract]
Gross loans receivable held for investment	225,885
Deferred fees and costs	0
Allowance for loan losses	0
Net loans receivable held for investment	225,885
Accrued interest receivable	1,637
FHLB and FRB stock	1,061
Office properties and equipment	6,953
Deferred tax assets, net	(718)
Core deposit intangible	3,329
Other assets	2,290
Total assets	475,157
Liabilities assumed [Abstract]
Deposits	353,722
Securities sold under agreements to repurchase	59,945
FHLB advances	3,166
Notes payable	14,000
Accrued expenses and other liabilities	4,063
Total liabilities	434,896
Excess of assets acquired over liabilities assumed	40,261
Consideration paid	66,257
Goodwill recognized	$ 25,996

Business Combination, Contractu

Business Combination, Contractual Amounts Due, Expected Cash Flows to Be Collected, Interest Component, and Fair Value of Loans Acquired (Details) - CFBanc Corporation [Member] $ in Thousands	Apr. 02, 2021USD ($)
Contractual Amounts Due, Expected Cash Flows to Be Collected, Interest Component, and Fair Value of Loans Acquired [Abstract]
Contractual amounts due	$ 231,432
Cash flows not expected to be collected	(3,666)
Expected cash flows	227,766
Interest component of expected cash flows	(1,881)
Fair value of acquired loans	$ 225,885

Business Combination, Fair Valu

Business Combination, Fair Value of PCI Loans (Details) - CFBanc Corporation [Member] $ in Thousands	Apr. 02, 2021USD ($)
Purchased Credit Impaired Loans Acquired [Abstract]
Contractual amounts due	$ 231,432
Non-accretable difference (cash flows not expected to be collected)	(3,666)
Expected cash flows	227,766
Fair value of acquired loans	225,885
Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans Acquired [Abstract]
Contractual amounts due	1,825
Non-accretable difference (cash flows not expected to be collected)	(634)
Expected cash flows	1,191
Accretable yield	(346)
Fair value of acquired loans	$ 845

Business Combination, Unaudited

Business Combination, Unaudited pro forma information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Unaudited pro forma information [Abstract]
Net interest income	$ 23,336	$ 18,684
Net income (loss)	$ (4,770)	$ 110
Basic earnings per share (in dollars per share)	$ (0.07)	$ 0
Diluted earnings per share (in dollars per share)	$ (0.07)	$ 0

Capital Raise (Details)

Capital Raise (Details) $ / shares in Units, $ in Millions	Apr. 06, 2021$ / sharesshares	Apr. 06, 2021USD ($)$ / sharesshares
Common Stock Issued by Class [Abstract]
Shares outstanding (in shares)	27,898,894
Shares issued in merger (in shares)	25,404,491
Shares exchanged post-merger (in shares)	0
Shares cancelled (in shares)	(52,105)
Shares issued in private placements (in shares)	18,474,000
Fractional shares cancelled (in shares)	(23)
Shares outstanding (in shares)	71,725,257	71,725,257
Private Placement [Member]
Common Stock Issued by Class [Abstract]
Purchase price of common stock (in dollars per share) | $ / shares	$ 1.78	$ 1.78
Aggregate purchase price | $		$ 30.8
Shares issued in private placements (in shares)		18,474,000
Voting Class A Common Stock [Member]
Common Stock Issued by Class [Abstract]
Shares outstanding (in shares)	19,142,498
Shares issued in merger (in shares)	13,999,870
Shares exchanged post-merger (in shares)	(681,300)
Shares cancelled (in shares)	(52,105)
Shares issued in private placements (in shares)	11,221,921
Fractional shares cancelled (in shares)	(20)
Shares outstanding (in shares)	43,630,864	43,630,864
Nonvoting Class B Common Stock [Member]
Common Stock Issued by Class [Abstract]
Shares outstanding (in shares)	0
Shares issued in merger (in shares)	11,404,621
Shares exchanged post-merger (in shares)	0
Shares cancelled (in shares)	0
Shares issued in private placements (in shares)	0
Fractional shares cancelled (in shares)	(3)
Shares outstanding (in shares)	11,404,618	11,404,618
Nonvoting Class C Common Stock [Member]
Common Stock Issued by Class [Abstract]
Shares outstanding (in shares)	8,756,396
Shares issued in merger (in shares)	0
Shares exchanged post-merger (in shares)	681,300
Shares cancelled (in shares)	0
Shares issued in private placements (in shares)	7,252,079
Fractional shares cancelled (in shares)	0
Shares outstanding (in shares)	16,689,775	16,689,775

Securities (Details)

Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Security	Dec. 31, 2020USD ($)
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 156,929	$ 10,232
Gross unrealized gains	475	466
Gross unrealized losses	(1,008)	0
Fair value	156,396	10,698
Securities [Abstract]
Sales of securities	0	0
Federal Agency Mortgage-backed Securities [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	70,078	5,550
Gross unrealized gains	196	257
Gross unrealized losses	(244)	0
Fair value	$ 70,030	5,807
Securities [Abstract]
Number of securities held | Security	97
Estimated average remaining life	4 years 8 months 12 days
Number of securities purchased | Security	5
Securities purchased, amortized cost	$ 9,600
Securities purchased, estimated fair value	$ 9,600
Securities purchased, estimated average remaining life	5 years 4 months 24 days
Federal Agency Collateralized Mortgage Obligation ("CMO") [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 9,391
Gross unrealized gains	11
Gross unrealized losses	(115)
Fair value	$ 9,287
Securities [Abstract]
Number of securities held | Security	11
Estimated average remaining life	5 years 7 months 6 days
Number of securities purchased | Security	1
Securities purchased, amortized cost	$ 2,000
Securities purchased, estimated fair value	$ 1,900
Securities purchased, estimated average remaining life	5 years 1 month 6 days
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 38,152	2,682
Gross unrealized gains	106	190
Gross unrealized losses	(270)	0
Fair value	$ 37,988	2,872
Securities [Abstract]
Number of securities held | Security	15
Estimated average remaining life	5 years 8 months 15 days
Number of securities purchased | Security	2
Securities purchased, amortized cost	$ 4,900
Securities purchased, estimated fair value	$ 4,900
Securities purchased, estimated average remaining life	4 years 8 months 12 days
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 4,898	2,000
Gross unrealized gains	40	19
Gross unrealized losses	(23)	0
Fair value	$ 4,915	$ 2,019
Securities [Abstract]
Number of securities held | Security	9
Estimated average remaining life	10 years 8 months 12 days
U.S. Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 18,169
Gross unrealized gains	0
Gross unrealized losses	(218)
Fair value	$ 17,951
Securities [Abstract]
Number of securities held | Security	9
Estimated average remaining life	3 years 7 months 6 days
SBA Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 16,241
Gross unrealized gains	122
Gross unrealized losses	(138)
Fair value	$ 16,225
Securities [Abstract]
Number of securities held | Security	16
Estimated average remaining life	5 years 6 months

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Available for sale, amortized cost [Abstract]
Due in one year or less		$ 1,014
Due after one year through five years		33,613
Due after five years through ten years		46,437
Due after ten years	[1]	75,865
Amortized cost		156,929	$ 10,232
Available for sale, gross unrealized gains [Abstract]
Due in one year or less		0
Due after one year through five years		15
Due after five years through ten years		114
Due after ten years	[1]	346
Gross unrealized gains		475	466
Available for sale, gross unrealized losses [Abstract]
Due in one year or less		(1)
Due after one year through five years		(368)
Due after five years through ten years		(233)
Due after ten years	[1]	(406)
Gross unrealized losses		(1,008)	0
Available for sale, fair value [Abstract]
Due in one year or less		1,013
Due after one year through five years		33,260
Due after five years through ten years		46,318
Due after ten years	[1]	75,805
Fair value		$ 156,396	$ 10,698
[1]	Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and  therefore have been included in the “Due after ten years” category.

Securities, Securities with Unr

Securities, Securities with Unrealized Losses, Securities Pledged as Collateral and Holdings of Securities by One Issuer in Amount Greater Than 10% of Stockholders' Equity (Details) $ in Thousands	Dec. 31, 2021USD ($)Security	Dec. 31, 2020USD ($)
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Number of securities held with unrealized losses | Security	129
Securities held with unrealized losses	$ 1,008
Number of securities in loss position for greater than one year | Security	0
Securities collateral pledged	$ 53,200	$ 0
Securities sold under agreements to repurchase	51,960	0
Securities of any one issuer, other than U.S. Government, exceeding 10% of stockholders' equity	0	0
Asset Pledged as Collateral [Member] | Deposits [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities pledged to secure public deposits	0	$ 0
Federal Agency Mortgage-backed Securities [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	25,900
Federal Agency Debt [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	13,300
SBA Pools [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	9,800
Federal Agency CMO [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	$ 4,200

Loans Receivable Held for Sale

Loans Receivable Held for Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans Receivable Held for Sale [Abstract]
Loans receivable held for sale	$ 0	$ 0
Gain on sale of loans	$ 0	276
Multi-Family [Member]
Loans Receivable Held for Sale [Abstract]
Transfers of loans receivable held for investment to loans receivable held for sale		13,700
Loan sales		22,800
Gain on sale of loans		$ 276

Loans Receivable Held for Inv_3

Loans Receivable Held for Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	$ 652,220		$ 362,044
Unamortized net deferred loan costs and premiums	1,526		1,300
Gross loans receivable	653,746		363,344
Credit and interest marks on purchased loans, net	(1,842)		0
Allowance for loan losses	(3,391)	[1]	(3,215)	$ (3,182)
Loans receivable, net	648,513		360,129
Real Estate [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	45,372		48,217
Gross loans receivable	45,372		48,357
Allowance for loan losses	(145)	[1]	(296)	(312)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	393,704		272,387
Gross loans receivable	395,230		273,864
Allowance for loan losses	(2,657)	[1]	(2,433)	(2,319)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	93,193		24,289
Gross loans receivable	93,193		24,322
Allowance for loan losses	(236)	[1]	(222)	(133)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	22,503		16,658
Gross loans receivable	22,503		16,308
Allowance for loan losses	(103)	[1]	(237)	(362)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	32,072		429
Gross loans receivable	32,072		430
Allowance for loan losses	(212)	[1]	(22)	(48)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	46,539		57
Gross loans receivable	46,539		56
Allowance for loan losses	(23)	[1]	(4)	(7)
Commercial - Other [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	$ 18,000
Loans receivable, interest rate	1.00%
Commercial - Other [Member] | PPP Loans [Member] | Minimum [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, term	2 years
Commercial - Other [Member] | PPP Loans [Member] | Maximum [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, term	5 years
SBA Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	$ 18,837		0
Gross loans receivable	18,837
Allowance for loan losses	(15)
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	0		7
Gross loans receivable	0		7
Allowance for loan losses	$ (15)	[1]	$ (1)	$ (1)
[1]	Loans acquirqed in the City First Merger and PPP loans originated since the merger were not considered in this analysis.

Loans Receivable Held for Inv_4

Loans Receivable Held for Investment, Activity in Allowance for Loan Losses by Loan Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	$ 3,215		$ 3,182
Provision for (recapture of) loan losses	176		29
Recoveries	0		4
Loans charged off	0		0
Ending balance	3,391	[1]	3,215
Real Estate [Member] | Single Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	296		312
Provision for (recapture of) loan losses	(151)		(20)
Recoveries	0		4
Loans charged off	0		0
Ending balance	145	[1]	296
Real Estate [Member] | Multi-Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	2,433		2,319
Provision for (recapture of) loan losses	224		114
Recoveries	0		0
Loans charged off	0		0
Ending balance	2,657	[1]	2,433
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	222		133
Provision for (recapture of) loan losses	14		89
Recoveries	0		0
Loans charged off	0		0
Ending balance	236	[1]	222
Real Estate [Member] | Church [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	237		362
Provision for (recapture of) loan losses	(134)		(125)
Recoveries	0		0
Loans charged off	0		0
Ending balance	103	[1]	237
Real Estate [Member] | Construction [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	22		48
Provision for (recapture of) loan losses	190		(26)
Recoveries	0		0
Loans charged off	0		0
Ending balance	212	[1]	22
Commercial - Other [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	4		7
Provision for (recapture of) loan losses	19		(3)
Recoveries	0		0
Loans charged off	0		0
Ending balance	23	[1]	4
Consumer [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	1		1
Provision for (recapture of) loan losses	14		0
Recoveries	0		0
Loans charged off	0		0
Ending balance	$ 15	[1]	$ 1
[1]	Loans acquirqed in the City First Merger and PPP loans originated since the merger were not considered in this analysis.

Loans Receivable Held for Inv_5

Loans Receivable Held for Investment, Purchased Credit Impaired (PCI) Loans (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2021USD ($)Loan	Dec. 31, 2020USD ($)
Purchased Credit Impaired Loans [Abstract]
Number of acquired loans with evidence of credit deterioration of credit quality since origination at acquisition | Loan	0
Loans receivable	$ 648,513	$ 360,129
Accretable Yield on Purchased Credit Impaired Loans [Roll Forward]
Number of purchased credit impaired loans classified as nonaccrual | Loan	0
Purchased Credit Impaired Loans [Member]
Accretable Yield on Purchased Credit Impaired Loans [Roll Forward]
Balance on acquisition date	$ 0
Additions	346
Accretion	(57)
Balance at the end of the year	289
Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	883
Real Estate [Member] | Single Family [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	558
Real Estate [Member] | Commercial Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	221
Commercial - Other [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	$ 104

Loans Receivable Held for Inv_6

Loans Receivable Held for Investment, Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method (Details) - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	$ 7		$ 141
Collectively evaluated for impairment	3,384		3,074
Total ending allowance balance	3,391	[1]	3,215	$ 3,182
Loans [Abstract]
Loans individually evaluated for impairment	2,301		4,731
Loans collectively evaluated for impairment	447,692		358,613
Subtotal	449,993
Loans acquired in the merger	203,753
Gross loans receivable	653,746		363,344
Real Estate [Member] | Single Family [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	3		89
Collectively evaluated for impairment	142		207
Total ending allowance balance	145	[1]	296	312
Loans [Abstract]
Loans individually evaluated for impairment	65		573
Loans collectively evaluated for impairment	32,599		47,784
Subtotal	32,664
Loans acquired in the merger	12,708
Gross loans receivable	45,372		48,357
Real Estate [Member] | Multi-Family [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,657		2,433
Total ending allowance balance	2,657	[1]	2,433	2,319
Loans [Abstract]
Loans individually evaluated for impairment	282		298
Loans collectively evaluated for impairment	353,179		273,566
Subtotal	353,461
Loans acquired in the merger	41,769
Gross loans receivable	395,230		273,864
Real Estate [Member] | Commercial Real Estate [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	236		222
Total ending allowance balance	236	[1]	222	133
Loans [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	25,507		24,322
Subtotal	25,507
Loans acquired in the merger	67,686
Gross loans receivable	93,193		24,322
Real Estate [Member] | Church [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	4		52
Collectively evaluated for impairment	99		185
Total ending allowance balance	103	[1]	237	362
Loans [Abstract]
Loans individually evaluated for impairment	1,954		3,813
Loans collectively evaluated for impairment	9,058		12,495
Subtotal	11,012
Loans acquired in the merger	11,491
Gross loans receivable	22,503		16,308
Real Estate [Member] | Construction [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	212		22
Total ending allowance balance	212	[1]	22	48
Loans [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	24,225		430
Subtotal	24,225
Loans acquired in the merger	7,847
Gross loans receivable	32,072		430
Commercial - Other [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	23		4
Total ending allowance balance	23	[1]	4	7
Loans [Abstract]
Loans individually evaluated for impairment	0		47
Loans collectively evaluated for impairment	3,124		9
Subtotal	3,124
Loans acquired in the merger	43,415
Gross loans receivable	46,539		56
SBA [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0
Collectively evaluated for impairment	15
Total ending allowance balance	15
Loans [Abstract]
Loans individually evaluated for impairment	0
Loans collectively evaluated for impairment	0
Subtotal	0
Loans acquired in the merger	18,837
Gross loans receivable	18,837
Consumer [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment			0
Collectively evaluated for impairment			1
Total ending allowance balance	15	[1]	1	$ 1
Loans [Abstract]
Loans individually evaluated for impairment			0
Loans collectively evaluated for impairment			7
Gross loans receivable	$ 0		$ 7
[1]	Loans acquirqed in the City First Merger and PPP loans originated since the merger were not considered in this analysis.

Loans Receivable Held for Inv_7

Loans Receivable Held for Investment, Loans Individually Evaluated for Impairment by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
With an Allowance Recorded [Abstract]
Allowance for loan losses allocated	$ 7	$ 141
Total [Abstract]
Unpaid principal balance	2,301	5,289
Recorded investment	2,301	4,731
Real Estate [Member] | Single Family [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	0	2
Recorded investment	0	1
With an Allowance Recorded [Abstract]
Unpaid principal balance	65	573
Recorded investment	65	573
Allowance for loan losses allocated	3	89
Real Estate [Member] | Multi-Family [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	282	298
Recorded investment	282	298
Real Estate [Member] | Church [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	0	2,527
Recorded investment	0	1,970
With an Allowance Recorded [Abstract]
Unpaid principal balance	1,954	1,842
Recorded investment	1,954	1,842
Allowance for loan losses allocated	4	52
Commercial - Other [Member]
With an Allowance Recorded [Abstract]
Unpaid principal balance	0	47
Recorded investment	0	47
Allowance for loan losses allocated	$ 0	$ 0

Loans Receivable Held for Inv_8

Loans Receivable Held for Investment, Average of Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	$ 2,666	$ 4,985
Cash basis interest income recognized	200	496
Foregone interest income	71	89
Real Estate [Member] | Single Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	66	591
Cash basis interest income recognized	5	29
Real Estate [Member] | Multi-Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	290	306
Cash basis interest income recognized	19	21
Real Estate [Member] | Church [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	2,310	4,033
Cash basis interest income recognized	176	442
Commercial - Other [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	0	55
Cash basis interest income recognized	$ 0	$ 4

Loans Receivable Held for Inv_9

Loans Receivable Held for Investment, Aging of Recorded Investment in Past Due Loans by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 653,746	$ 363,344
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	2,423	0
30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	2,423	0
Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	651,323	363,344
Real Estate [Member] | Single Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	45,372	48,357
Real Estate [Member] | Single Family [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Single Family [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Single Family [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Single Family [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Single Family [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	45,372	48,357
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	395,230	273,864
Real Estate [Member] | Multi-Family [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Multi-Family [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Multi-Family [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Multi-Family [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Multi-Family [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	395,230	273,864
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	93,193	24,322
Real Estate [Member] | Commercial Real Estate [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	2,423	0
Real Estate [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	2,423	0
Real Estate [Member] | Commercial Real Estate [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	90,770	24,322
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	22,503	16,308
Real Estate [Member] | Church [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Church [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Church [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Church [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Church [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	22,503	16,308
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	32,072	430
Real Estate [Member] | Construction [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	32,072	430
Commercial - Other [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	46,539	56
Commercial - Other [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	46,539	56
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	18,837
SBA Loans [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	18,837
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	7
Consumer [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 0	$ 7

Loans Receivable Held for In_10

Loans Receivable Held for Investment, Recorded Investment in Non-accrual Loans by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 684	$ 787
Loans 90 days or more delinquent that were accruing interest	0	0
Real Estate [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	0	1
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 684	$ 786

Loans Receivable Held for In_11

Loans Receivable Held for Investment, Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Loan	Dec. 31, 2020USD ($)Loan
Troubled Debt Restructurings [Abstract]
Loans classified as troubled debt restructurings	$ 1,800	$ 4,500
Specific reserves allocated to TDRs	$ 7	141
Timely payment period for return to accrual status	6 months
Commitments to lend additional amounts to customers with TDRs	$ 0	$ 0
Number of loans modified | Loan	0	0
Non-accrual Status [Member]
Troubled Debt Restructurings [Abstract]
Loans classified as troubled debt restructurings	$ 188	$ 232
Accrual Status [Member]
Troubled Debt Restructurings [Abstract]
Loans classified as troubled debt restructurings	$ 1,600	$ 4,300

Loans Receivable Held for In_12

Loans Receivable Held for Investment, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 653,746	$ 363,344
Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	449,993
Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	203,753
Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		358,037
Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	429,760
Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	143,288
Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		2,145
Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	15,950
Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	34,515
Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	10,865
Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		3,162
Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,283
Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	15,085
Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	45,372	48,357
Real Estate [Member] | Single Family [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	32,664
Real Estate [Member] | Single Family [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	12,708
Real Estate [Member] | Single Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		48,357
Real Estate [Member] | Single Family [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	32,664
Real Estate [Member] | Single Family [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	9,790
Real Estate [Member] | Single Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,343
Real Estate [Member] | Single Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	271
Real Estate [Member] | Single Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,304
Real Estate [Member] | Single Family [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Single Family [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Multi-Family [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	395,230	273,864
Real Estate [Member] | Multi-Family [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	353,461
Real Estate [Member] | Multi-Family [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	41,769
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		273,501
Real Estate [Member] | Multi-Family [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	353,118
Real Estate [Member] | Multi-Family [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	25,023
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Multi-Family [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Multi-Family [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7,987
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	575
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		363
Real Estate [Member] | Multi-Family [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	343
Real Estate [Member] | Multi-Family [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,184
Real Estate [Member] | Multi-Family [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Multi-Family [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Multi-Family [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Multi-Family [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Multi-Family [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Multi-Family [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Commercial Real Estate [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	93,193	24,322
Real Estate [Member] | Commercial Real Estate [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	25,507
Real Estate [Member] | Commercial Real Estate [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	67,686
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		22,834
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	24,049
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	45,208
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		1,488
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7,034
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	9,847
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,458
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	5,597
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Commercial Real Estate [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Commercial Real Estate [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Commercial Real Estate [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	22,503	16,308
Real Estate [Member] | Church [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	11,012
Real Estate [Member] | Church [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	11,491
Real Estate [Member] | Church [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		12,899
Real Estate [Member] | Church [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,530
Real Estate [Member] | Church [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	11,491
Real Estate [Member] | Church [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		657
Real Estate [Member] | Church [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Church [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		2,752
Real Estate [Member] | Church [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,482
Real Estate [Member] | Church [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Church [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Church [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Church [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	32,072	430
Real Estate [Member] | Construction [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	24,225
Real Estate [Member] | Construction [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7,847
Real Estate [Member] | Construction [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		430
Real Estate [Member] | Construction [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,275
Real Estate [Member] | Construction [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,247
Real Estate [Member] | Construction [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Construction [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	15,950
Real Estate [Member] | Construction [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	5,600
Real Estate [Member] | Construction [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Construction [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Construction [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Construction [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Construction [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Real Estate [Member] | Construction [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	46,539	56
Commercial - Other [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	3,124
Commercial - Other [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	43,415
Commercial - Other [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		9
Commercial - Other [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	3,124
Commercial - Other [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	30,864
Commercial - Other [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Other [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	12,551
Commercial - Other [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Other [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		47
Commercial - Other [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Other [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Other [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Commercial - Other [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
SBA Loans [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	18,837
SBA Loans [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	18,837
SBA Loans [Member] | Pass [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	18,665
SBA Loans [Member] | Watch [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
SBA Loans [Member] | Special Mention [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	172
SBA Loans [Member] | Substandard [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
SBA Loans [Member] | Doubtful [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
SBA Loans [Member] | Loss [Member] | Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	7
Consumer [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		7
Consumer [Member] | Pass [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Consumer [Member] | Watch [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Consumer [Member] | Special Mention [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Consumer [Member] | Substandard [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Consumer [Member] | Doubtful [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0
Consumer [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		$ 0
Consumer [Member] | Loss [Member] | Loans Excluding Loans Acquired in City First Merger [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 0

Office Properties and Equipme_3

Office Properties and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	$ 14,376	$ 6,276
Less accumulated depreciation	(4,032)	(3,736)
Office properties and equipment, net	10,344	2,540
Depreciation expense	287	121
Land [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	5,322	572
Office Buildings and Improvements [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	5,763	3,275
Rights of Use Assets [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	1,120	190
Furniture, Fixtures and Equipment [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	$ 2,171	$ 2,239

Leases, Operating Leases (Detai

Leases, Operating Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Option	Dec. 31, 2020USD ($)
Operating Lease [Abstract]
Number of options to extend | Option	1
Operating lease, extension term	5 years
ROU asset	$ 1,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Operating lease liability	$ 1,123
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities
Rent expense	$ 417
Rent expense under operating lease	$ 61	$ 598

Leases, Additional Information

Leases, Additional Information for Operating Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities for operating leases	$ 57
ROU assets obtained in exchange for lease liabilities	$ 1,119
Weighted average remaining lease term in months	57 months
Weighted average discount rate	1.10%

Leases, Future Minimum Payments

Leases, Future Minimum Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2021USD ($)
Future Minimum Payments for Operating Leases [Abstract]
Year ended December 31, 2022	$ 229
Year ended December 31, 2023	236
Year ended December 31, 2024	244
Year ended December 31, 2025	252
Year ended December 31, 2026	193
Total future minimum lease payments	1,154
Amounts representing interest	(31)
Present value of net future minimum lease payments	$ 1,123

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible, Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance at the beginning of the period	$ 0
Additions	25,996
Amortization	0
Impairment	0
Balance at the end of the period	25,996	$ 0
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period	0
Additions	3,329
Amortization	(393)	0
Impairment	0
Balance at the end of the period	$ 2,936	$ 0

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 2,936	$ 0
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
2022	435
2023	390
2024	336
2025	315
2026	304
Thereafter	1,156
Net core deposit intangible	$ 2,936

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 156,396	$ 10,698
Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	70,030	5,807
Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	9,287
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	37,988	2,872
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,915	2,019
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	17,951
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	16,225
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Significant Other Observable Inputs (Level 2) [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	9,287
Significant Other Observable Inputs (Level 2) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	37,988
Significant Other Observable Inputs (Level 2) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	16,225
Significant Unobservable Inputs (Level 3) [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Significant Unobservable Inputs (Level 3) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Recurring Basis [Member] | Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	70,030	5,807
Recurring Basis [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	9,287
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	37,988	2,872
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,915	2,019
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	17,951
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	16,225
Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale		0
Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	70,030	5,807
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale		2,872
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,915	2,019
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	17,951
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale		0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	$ 0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 0

Fair Value, Fair Values of Fina

Fair Value, Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial Assets [Abstract]
Securities available-for-sale	$ 156,396	$ 10,698
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	231,520	96,109
Securities available-for-sale	156,396	10,698
Loans receivable held for investment	648,513	360,129
Accrued interest receivable	3,372	1,202
Bank owned life insurance	3,190	5,633
Financial Liabilities [Abstract]
Deposits	788,052	315,630
Federal Home Loan Bank advances	85,952	110,500
Junior subordinated debentures		3,315
Securities sold under agreements to repurchase	51,960
Notes Payable	14,000
Accrued interest payable	119	88
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	231,520	96,109
Securities available-for-sale	156,396	10,698
Loans receivable held for investment	623,778	366,279
Accrued interest receivable	3,372	1,202
Bank owned life insurance	3,190	5,633
Financial Liabilities [Abstract]
Deposits	754,181	312,725
Federal Home Loan Bank advances	87,082	113,851
Junior subordinated debentures		2,798
Securities sold under agreements to repurchase	51,960
Notes Payable	14,000
Accrued interest payable	119	88
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	231,520	96,109
Securities available-for-sale	0	0
Loans receivable held for investment	0	0
Accrued interest receivable	19	60
Bank owned life insurance	3,190	5,633
Financial Liabilities [Abstract]
Deposits	0	0
Federal Home Loan Bank advances	0	0
Junior subordinated debentures		0
Securities sold under agreements to repurchase	0
Notes Payable	0
Accrued interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	156,396	10,698
Loans receivable held for investment	0	0
Accrued interest receivable	1,089	14
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	754,181	312,725
Federal Home Loan Bank advances	87,082	113,851
Junior subordinated debentures		0
Securities sold under agreements to repurchase	0
Notes Payable	0
Accrued interest payable	119	84
Fair Value [Member] | Level 3 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	0	0
Loans receivable held for investment	623,778	366,279
Accrued interest receivable	2,264	1,128
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	0	0
Federal Home Loan Bank advances	0	0
Junior subordinated debentures		2,798
Securities sold under agreements to repurchase	0
Notes Payable	0
Accrued interest payable	$ 0	$ 4

Deposits, Summary of Deposits (

Deposits, Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Summary of Deposits [Abstract]
NOW account and other demand deposits	$ 90,285	$ 15,237
Non-interest bearing demand deposits	220,152	47,269
Money market deposits	204,888	60,281
Passbook	70,750	64,127
Certificates of deposit	201,977	128,716
Total	788,052	315,630
Brokered deposits	5,000	15,100
Reciprocal Deposits from CDARS [Member]
Summary of Deposits [Abstract]
Aggregate amount of certificates of deposits in excess of insured limits	141,600	35,800
One-Way Deposits from CDARS [Member]
Summary of Deposits [Abstract]
Aggregate amount of certificates of deposits in excess of insured limits	$ 223	$ 9,600

Deposits, Certificate of Deposi

Deposits, Certificate of Deposit Maturities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Customer	Dec. 31, 2020USD ($)
Maturities of Certificates of Deposit [Abstract]
2022	$ 191,943
2023	8,103
2024	834
2025	796
2026	237
Thereafter	64
Total	201,977	$ 128,716
Certificate of deposits in denominations of $250,000 or more	20,400	18,900
Deposits from principal officers, directors, and their affiliates	$ 22,700	$ 838
Deposits [Member] | Customer Concentration Risk [Member]
Maturities of Certificates of Deposit [Abstract]
Number of long-time customers | Customer	5
Deposits [Member] | Customer Concentration Risk [Member] | Five Customers [Member]
Maturities of Certificates of Deposit [Abstract]
Percentage of deposits	22.00%

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
FHLB Advances [Abstract]
Average balance outstanding during the year	$ 100,471	$ 114,020
Maximum amount outstanding at any month-end during the year	113,580	121,500
Balance outstanding at end of year	$ 85,952	$ 110,500
Weighted average interest rate at end of year	1.85%	1.94%
Average cost of advances during the year	1.96%	1.91%
Weighted average contractual maturity	22 months	27 months
FHLB advances, collateral real estate loans	$ 653,746	$ 363,344
FHLB advances, remaining amount available to borrow	14,400
FHLB Maturity [Abstract]
2022	18,140
2023	30,140
2024	5,140
2025	32,532
2026	0
Total	85,952	110,500
First Mortgage Loans [Member] | Asset Pledged as Collateral without Right [Member] | FHLB Advances [Member]
FHLB Advances [Abstract]
FHLB advances, collateral real estate loans	$ 165,000	$ 220,000

Junior Subordinated Debentures

Junior Subordinated Debentures (Details) - USD ($) $ in Thousands	Oct. 16, 2014	Dec. 31, 2021	Dec. 31, 2020	Sep. 17, 2021	Mar. 17, 2004
Debt Instrument [Abstract]
Junior subordinated debentures		$ 0	$ 3,315
Payment of principal amount		$ 3,315	$ 1,020
Floating Rate Junior Subordinated Debentures [Member]
Debt Instrument [Abstract]
Junior subordinated debentures	$ 5,100			$ 2,800
Basis spread term		3 months
Payment of principal amount	$ 900
Debt instrument, maturity date		Mar. 17, 2024
Floating Rate Junior Subordinated Debentures [Member] | 3-Month LIBOR [Member]
Debt Instrument [Abstract]
Basis spread		2.54%
Private Placement [Member] | Floating Rate Junior Subordinated Debentures [Member]
Debt Instrument [Abstract]
Junior subordinated debentures					$ 6,000

Securities Sold Under Agreeme_2

Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 51,960	$ 0
Weighted average rate on repurchase agreements	0.10%
Securities collateral pledged	$ 53,200	$ 0
U.S. Government Agency Securities [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	13,300
Mortgage Backed Securities [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	$ 39,900

Notes Payable (Details)

Notes Payable (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Note	Dec. 31, 2020USD ($)
Notes Payable [Abstract]
Notes payable	$ 14,000	$ 0
Number of notes payables | Note	2
Note A [Member]
Notes Payable [Abstract]
Notes payable	$ 9,900
Interest rate	5.20%
Debt instrument, maturity date	Dec. 1, 2040
Note B [Member]
Notes Payable [Abstract]
Notes payable	$ 4,100
Interest rate	0.24%
Debt instrument, maturity date	Dec. 1, 2040

Employee Benefit Plans (Details

Employee Benefit Plans (Details) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2021USD ($)Planshares	Dec. 31, 2020USD ($)shares
ESOP Plan [Abstract]
Number of common stock purchased by ESOP (in shares) | shares	1,493,679
Purchase price of common stock (in dollars per share) | $ / shares	$ 1.59
Total cost of shares purchased by ESOP	$ 2,400
Loan to ESOP	$ 1,200
Term of ESOP loan		20 years
Compensation expense related to ESOP		$ 109	$ 68
Shares Held by ESOP [Abstract]
Allocated to participants (in shares) | shares		1,087,216	1,065,275
Committed to be released (in shares) | shares		10,064	10,236
Suspense shares (in shares) | shares		521,618	562,391
Total ESOP shares (in shares) | shares		1,618,898	1,637,902
Fair value of unearned shares		$ 1,454	$ 1,040
Shares released for allocation (in shares) | shares		40,945	41,665
Unearned ESOP shares		$ 829	$ 893
Pension Plan [Member]
401(k) Plan [Abstract]
Number of 401(k) plans | Plan		2
Pension Plan [Member] | Broadway Federal 401(k) Plan [Member]
401(k) Plan [Abstract]
Employee contributions as a percentage of their compensation		15.00%
Employer matching contribution, percent of match		50.00%
Employer matching contribution, percent of compensation contributed		6.00%
401(k) benefit plan expense		$ 142	$ 146
Pension Plan [Member] | City First Bank 401(k) Plan [Member]
401(k) Plan [Abstract]
Employee contributions as a percentage of their compensation		3.00%
Employer matching contribution, percent of match		100.00%
Employer matching contribution, percent of compensation contributed		3.00%
401(k) benefit plan expense		$ 174

Income Taxes, Income Tax Expens

Income Taxes, Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current [Abstract]
Federal	$ 4	$ (59)
State	(38)	144
Deferred [Abstract]
Federal	(909)	7
State	(363)	(499)
Change in Valuation Allowance	369	0
Total	$ (937)	$ (407)

Income Taxes, Effective Income

Income Taxes, Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Provision of Income Taxes [Abstract]
Federal statutory rate	21.00%
Federal statutory rate times financial statement net loss	$ (1,026)	$ (220)
Effect of [Abstract]
State taxes, net of federal benefit	(292)	(7)
Earnings from bank owned life insurance	(9)	(10)
Merger-related expense	195	200
Low income housing credits	(58)	(117)
Change in valuation allowance	369	0
Tax effect of stock-based compensation	(129)	0
Tax benefit from tax positions taken in prior years	0	(273)
Other, net	13	20
Total	$ (937)	$ (407)

Income Taxes, Deferred Tax Asse

Income Taxes, Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets [Abstract]
Allowance for loan losses	$ 677	$ 909
Accrued liabilities	954	139
State income taxes	1	58
Stock compensation	154	310
Net operating loss carryforward	3,946	3,437
Non-accrual loan interest	51	1
Partnership investment	155	188
General business credit	2,006	1,969
Alternative minimum tax credit	5	34
Net unrealized loss on securities available-for-sale	464	0
Right of use liability	319	0
Fair value adjustment on acquired loans	521	0
Other	363	40
Total deferred tax assets	9,616	7,085
Less: valuation allowance	(369)	0
Total deferred tax assets, net of valuation allowance	9,247	7,085
Deferred tax liabilities [Abstract]
Section 481 Adjustments to bad debts	(6)	(334)
Deferred loan fees/costs	(750)	(651)
Basis difference on fixed assets	(702)	(18)
Net unrealized appreciation on available-for-sale securities	0	(138)
FHLB stock dividends	(98)	(266)
Mortgage servicing rights	0	(1)
Prepaid expenses	(220)	(44)
Right of use assets	(317)	0
Core deposit intangibles	(1,053)	0
Total deferred tax liabilities	(3,146)	(1,452)
Net deferred tax assets	$ 6,101	$ 5,633

Income Taxes, NOL and Tax Credi

Income Taxes, NOL and Tax Credit Carryforwards and Income Tax Uncertainties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Abstract]
Tax bad debt deduction under the new method	$ 4,300
Period for recapturing excess tax bad debt reserve into taxable income	4 years
Unrecognized tax benefits	$ 0	$ 0
Federal [Member]
Income Taxes [Abstract]
Net operating loss carryforwards	7,400
Net operating loss carryforwards with indefinite carryforward period	2,100
Net operating loss carryforwards going to expire if not utilized	5,300
Federal [Member] | General Business Tax Credit Carryforward [Member]
Income Taxes [Abstract]
Tax credit carryforward	2,000
California [Member]
Income Taxes [Abstract]
Net operating loss carryforwards with indefinite carryforward period	600
Net operating loss carryforwards going to expire if not utilized	$ 27,600

Stock-Based Compensation, Summa

Stock-Based Compensation, Summary of Plans (Details) - shares	12 Months Ended
	Dec. 31, 2021	Jul. 25, 2018	Jul. 24, 2018
2008 LTIP [Member]
Stock-based Compensation [Abstract]
Shares available for awards (in shares)			2,000,000
2018 LTIP [Member]
Stock-based Compensation [Abstract]
Shares available for awards (in shares)	812,045
Contractual term of option awards	10 years
Maximum number of shares that can be awarded (in shares)		1,293,109
Aggregate number of shares awarded to date under the plan (in shares)	481,064

Stock-Based Compensation, Stock

Stock-Based Compensation, Stock Option Activity (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number Outstanding [Roll Forward]
Outstanding at beginning of year (in shares)	450,000	455,000
Granted during the year (in shares)	0	0
Exercised during the year (in shares)	0	0
Forfeited or expired during the year (in shares)	0	(5,000)
Outstanding at end of year (in shares)	450,000	450,000
Exercisable at end of year (in shares)	450,000	360,000
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 1.62	$ 1.67
Granted during the year (in dollars per share)	0	0
Exercised during the year (in dollars per share)	0	0
Forfeited or expired during the year (in dollars per share)	0	6
Outstanding at end of year (in dollars per share)	1.62	1.62
Exercisable at end of year (in dollars per share)	$ 1.62	$ 1.62
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense	$ 7	$ 39
Unrecognized compensation cost	$ 0

Stock-Based Compensation, Optio

Stock-Based Compensation, Options Outstanding and Exercisable (Details) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	0
Weighted Average Remaining Contractual Life	4 years 1 month 24 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62
Aggregate Intrinsic Value | $	$ 0
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	450,000
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62
Aggregate Intrinsic Value | $	$ 0
Grant Date February 24, 2016 [Member]
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	450,000
Weighted Average Remaining Contractual Life	4 years 1 month 24 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	450,000
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62

Stock-Based Compensation, Restr

Stock-Based Compensation, Restricted Stock and Common Stock Awards (Details) - 2018 LTIP [Member] - USD ($) $ in Thousands	Apr. 01, 2021	Jul. 31, 2021	Feb. 28, 2021	Feb. 29, 2020	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock [Member]
Stock-based Compensation [Abstract]
Unrecognized compensation cost					$ 0
Chief Executive Officer [Member] | Common Stock [Member]
Stock-based Compensation [Abstract]
Shares issued for services (in shares)		64,516
Stock based compensation expense					200
Directors [Member] | Common Stock [Member]
Stock-based Compensation [Abstract]
Shares issued for services (in shares)			20,736	30,930
Stock based compensation expense					45	$ 45
Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock award issued (in shares)				140,218
Restricted stock awards vested (in shares)	140,218
Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Stock based compensation expense					$ 153	$ 340

Capital and Regulatory Matter_2

Capital and Regulatory Matters (Details) $ in Thousands		Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Actual [Abstract]
Community Bank Leverage Ratio, Amount	[1]	$ 98,590
Community Bank Leverage Ratio, Ratio	[1]	0.0932
Tier 1 (Leverage), Amount			$ 46,565
Tier 1 (Leverage), Ratio			0.0954
Common Equity Tier 1, Amount			$ 46,565
Common Equity Tier 1, Ratio			0.1895
Tier 1, Amount			$ 46,565
Tier 1, Ratio			0.1895
Total Capital, Amount			$ 49,802
Total Capital, Ratio			0.2020
Minimum Capital Requirements [Abstract]
Tier 1 (Leverage), Amount			$ 19,530
Tier 1 (Leverage), Ratio			0.0400
Common Equity Tier 1, Amount			$ 11,059
Common Equity Tier 1, Ratio			0.0450
Tier 1, Amount			$ 14,746
Tier 1, Ratio			0.0600
Total Capital, Amount			$ 19,661
Total Capital, Ratio			0.0800
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount	[1]	$ 89,871
Community Bank Leverage Ratio, Ratio	[1]	0.0850
Tier 1 (Leverage), Amount			$ 24,413
Tier 1 (Leverage), Ratio			0.0500
Common Equity Tier 1, Amount			$ 15,975
Common Equity Tier 1, Ratio			0.0650
Tier 1, Amount			$ 19,661
Tier 1, Ratio			0.0800
Total Capital, Amount			$ 24,577
Total Capital, Ratio			0.1000
[1]	At the Merger on April 1, 2021, the Company’s former subsidiary, Broadway Federal Bank, f.s.b., was merged into City First Bank of D.C, N. A., with City First Bank of D.C, N.A. as the surviving entity and the resultant bank being named City First Bank, National Association, which had elected to adopt Community Bank Leverage Ratio option on April 1, 2020 as reflected in its june 30, 2020 Call Report.

Loan Commitments and Other Re_3

Loan Commitments and Other Related Activities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Loan	Dec. 31, 2020USD ($)
Commitments to Make Loans [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk | $	$ 13,384	$ 0
Commitments to Make Loans [Member] | Maximum [Member]
Commitments Loans [Abstract]
Loan commitment period	60 days
Commitments to Make Loans [Member] | Commercial Real Estate [Member]
Commitments Loans [Abstract]
Number of loan commitments | Loan	3
Commitments to Make Loans [Member] | Commercial Real Estate [Member] | Minimum [Member]
Commitments Loans [Abstract]
Initial interest rate	3.25%
Commitments to Make Loans [Member] | Commercial Real Estate [Member] | Maximum [Member]
Commitments Loans [Abstract]
Initial interest rate	4.05%
Commitments to Make Loans [Member] | Commercial Loan [Member]
Commitments Loans [Abstract]
Number of loan commitments | Loan	2
Commitments to Make Loans [Member] | Commercial Loan [Member] | Minimum [Member]
Commitments Loans [Abstract]
Initial interest rate	4.25%
Commitments to Make Loans [Member] | Commercial Loan [Member] | Maximum [Member]
Commitments Loans [Abstract]
Initial interest rate	5.00%
Commitments to Make Loans [Member] | Real Estate [Member] | Multi-family Loans [Member]
Commitments Loans [Abstract]
Number of loan commitments | Loan	5
Loan period of initial interest rate term	5 years
Commitments to Make Loans [Member] | Real Estate [Member] | Multi-family Loans [Member] | Minimum [Member]
Commitments Loans [Abstract]
Initial interest rate	3.125%
Commitments to Make Loans [Member] | Real Estate [Member] | Multi-family Loans [Member] | Maximum [Member]
Commitments Loans [Abstract]
Initial interest rate	3.50%
Unfunded Construction Loans [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk | $	$ 10,352
Unused Lines of Credit [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk | $	$ 9,326	$ 2,472

Parent Company Only Condensed_3

Parent Company Only Condensed Financial Information, Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets [Abstract]
Cash and cash equivalents	$ 231,520	$ 96,109
Other assets	1,871	489
Total assets	1,093,505	483,378
Liabilities and stockholders' equity [Abstract]
Junior subordinated debentures	0	3,315
Stockholders' equity	141,000	48,885
Total liabilities and stockholders' equity	1,093,505	483,378
Broadway Financial Corporation [Member]
Assets [Abstract]
Cash and cash equivalents	6,439	126
Investment in bank subsidiary	131,540	49,418
Other assets	3,604	2,735
Total assets	141,583	52,279
Liabilities and stockholders' equity [Abstract]
Junior subordinated debentures	0	3,315
Accrued expenses and other liabilities	583	79
Stockholders' equity	141,000	48,885
Total liabilities and stockholders' equity	$ 141,583	$ 52,279

Parent Company Only Condensed_4

Parent Company Only Condensed Financial Information, Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Condensed Statements of Income [Abstract]
Interest income	$ 24,752	$ 17,644
Interest expense	(3,749)	(5,475)
Other expense	(2,106)	(649)
Loss before tax benefits	(4,886)	(1,049)
Income tax benefits	937	407
Net loss attributable to Broadway Financial Corporation	(4,050)	(642)
Broadway Financial Corporation [Member]
Condensed Statements of Income [Abstract]
Interest income	27	23
Interest expense	(60)	(133)
Other expense	(1,982)	(1,033)
Loss before tax benefits	(2,015)	(1,143)
Income tax benefits	405	291
Equity in undistributed subsidiary (loss) income	(2,440)	210
Net loss attributable to Broadway Financial Corporation	$ (4,050)	$ (642)

Parent Company Only Condensed_5

Parent Company Only Condensed Financial Information, Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities [Abstract]
Net loss	$ (4,050)	$ (642)
Adjustments to reconcile net loss to net cash used in operating activities [Abstract]
Change in other assets	856	114
Change in accrued expenses and other liabilities	3,330	123
Net cash provided by (used in) operating activities	566	(13,555)
Cash flows from investing activities [Abstract]
Net cash provided by (used in) investing activities	25,023	50,712
Cash flows from financing activities [Abstract]
Proceeds from sale of stock	30,837	0
Net cash provided by financing activities	109,822	43,386
Net change in cash and cash equivalents	135,411	80,543
Cash and cash equivalents at beginning of the year	96,109	15,566
Cash and cash equivalents at end of the year	231,520	96,109
Broadway Financial Corporation [Member]
Cash flows from operating activities [Abstract]
Net loss	(4,050)	(642)
Adjustments to reconcile net loss to net cash used in operating activities [Abstract]
Equity in undistributed subsidiary loss (income)	2,440	(210)
Change in other assets	(869)	(223)
Change in accrued expenses and other liabilities	504	21
Net cash provided by (used in) operating activities	(1,975)	(1,054)
Cash flows from investing activities [Abstract]
Capital distribution to bank subsidiary	(20,000)	0
Dividends from bank subsidiary	700	2,000
Net cash provided by (used in) investing activities	(19,300)	2,000
Cash flows from financing activities [Abstract]
Proceeds from sale of stock	30,837	0
Repayments of borrowings	(3,315)	(1,020)
Proceeds from repayment of ESOP loan	66	66
Net cash provided by financing activities	27,588	(954)
Net change in cash and cash equivalents	6,313	(8)
Cash and cash equivalents at beginning of the year	126	134
Cash and cash equivalents at end of the year	$ 6,439	$ 126

Loss Per Common Share (Details)

Loss Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loss Per Common Share [Abstract]
Net loss	$ (4,050)	$ (642)
Less net income attributable to participating securities	0	0
Loss available to common stockholders	$ (4,050)	$ (642)
Weighted average common shares outstanding for basic earnings per common share (in shares)	60,151,556	27,163,427
Add: dilutive effects of unvested restricted stock awards (in shares)	0	0
Weighted average common shares outstanding for diluted earnings per common share (in shares)	60,151,556	27,163,427
Loss per common share - basic (in dollars per share)	$ (0.07)	$ (0.02)
Loss per common share - diluted (in dollars per share)	$ (0.07)	$ (0.02)
Stock Options [Member]
Loss Per Common Share [Abstract]
Anti-dilutive stock not considered in computing diluted earnings per common share (in shares)	450,000	450,000