Broadway Financial (BYFC) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 08, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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 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
Class A Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		48,026,435
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		16,689,775

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 37,919	$ 38,418
Interest-bearing deposits in other banks	242,218	193,102
Cash and cash equivalents	280,137	231,520
Securities available-for-sale, at fair value	238,298	156,396
Loans receivable held for investment, net of allowance of $2,962 and $3,391	646,868	648,513
Accrued interest receivable	2,694	3,372
Federal Home Loan Bank (FHLB) stock	1,470	2,573
Federal Reserve Bank (FRB) stock	693	693
Office properties and equipment, net	10,354	10,344
Bank owned life insurance	3,211	3,190
Deferred tax assets, net	9,012	6,101
Core deposit intangible, net	2,719	2,936
Goodwill	25,858	25,996
Other assets	2,910	1,871
Total assets	1,224,224	1,093,505
Liabilities:
Deposits	816,177	788,052
Securities sold under agreements to repurchase	67,292	51,960
FHLB advances	32,932	85,952
Notes payable	14,000	14,000
Accrued expenses and other liabilities	9,066	12,441
Total liabilities	939,467	952,405
Additional paid-in capital	143,427	140,289
Retained earnings	6,470	3,673
Unearned Employee Stock Ownership Plan (ESOP) shares	(797)	(829)
Accumulated other comprehensive loss, net of tax	(9,901)	(551)
Treasury stock-at cost, 2,617,826 shares at June 30, 2022 and at December 31, 2021	(5,326)	(5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity	284,634	141,000
Non-controlling interest	123	100
Total liabilities and stockholders' equity	1,224,224	1,093,505
Cumulative Redeemable Perpetual Preferred Stock, Series A [Member]
Liabilities:
Preferred stock	0	3,000
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Liabilities:
Preferred stock	150,000	0
Class A Voting Common Stock [Member]
Liabilities:
Common stock	504	463
Class B Non-Voting Common Stock [Member]
Liabilities:
Common stock	114	114
Class C Non-Voting Common Stock [Member]
Liabilities:
Common stock	$ 143	$ 167

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets [Abstract]
Allowance for loan losses	$ 2,962	$ 3,391
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	3,000
Preferred stock, shares issued (in shares)	0	3,000
Preferred stock, shares outstanding (in shares)	0	3,000
Preferred stock, liquidation value (in dollars per share)	$ 1,000	$ 1,000
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Stockholders' Equity:
Preferred stock, shares authorized (in shares)	150,000	0
Preferred stock, shares issued (in shares)	150,000	0
Preferred stock, shares outstanding (in shares)	150,000	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	75,000,000
Common stock, shares issued (in shares)	50,438,555	46,291,852
Common stock, shares outstanding (in shares)	47,820,729	43,674,026
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	15,000,000
Common stock, shares issued (in shares)	11,404,618	11,404,618
Common stock, shares outstanding (in shares)	11,404,618	11,404,618
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)	14,258,735	16,689,775
Common stock, shares outstanding (in shares)	14,258,735	16,689,775

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income:
Interest and fees on loans receivable	$ 6,879	$ 6,300	$ 14,083	$ 9,944
Interest on available-for-sale securities	834	440	1,425	496
Other interest income	788	144	872	221
Total interest income	8,501	6,884	16,380	10,661
Interest expense:
Interest on deposits	349	477	699	860
Interest on borrowings	114	586	471	1,135
Total interest expense	463	1,063	1,170	1,995
Net interest income	8,038	5,821	15,210	8,666
Loan loss provision (recapture)	(577)	81	(429)	81
Net interest income after loan loss provision (recapture)	8,615	5,740	15,639	8,585
Non-Interest Income:
Service charges	21	36	85	129
CDFI Grant	0	1,826	0	1,826
Other	240	330	457	360
Total non-interest income	261	2,192	542	2,315
Non-Interest Expense:
Compensation and benefits	3,307	2,819	6,926	8,209
Occupancy expense	400	627	842	935
Information services	767	566	1,632	807
Professional services	958	513	1,322	2,452
Supervisory costs	62	177	115	247
Office services and supplies	100	59	257	154
Corporate insurance	54	8	115	254
Amortization of core deposit intangible	108	131	217	131
Other	510	474	800	812
Total non-interest expense	6,266	5,374	12,226	14,001
Income (loss) before income taxes	2,610	2,558	3,955	(3,101)
Income tax expense (benefit)	757	1,824	1,120	(348)
Net income (loss)	1,853	734	2,835	(2,753)
Less: Net income (loss) attributable to non-controlling interest	(1)	33	23	33
Net income (loss) attributable to Broadway Financial Corporation	1,854	701	2,812	(2,786)
Other comprehensive income, net of tax:
Unrealized gains (losses) on securities available-for-sale arising during the period	(5,178)	1,022	(13,332)	864
Income tax (benefit) expense	(1,675)	290	(3,982)	243
Other comprehensive income (loss), net of tax	(3,503)	732	(9,350)	621
Comprehensive income (loss)	$ (1,649)	$ 1,433	$ (6,538)	$ (2,165)
Earnings (loss) per common share-basic (in dollars per share)	$ 0.03	$ 0.01	$ 0.04	$ (0.06)
Earnings (loss) per common share-diluted (in dollars per share)	$ 0.03	$ 0.01	$ 0.04	$ (0.06)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 2,835	$ (2,753)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Loan loss (recapture) provision	(429)	81
Depreciation	573	345
Net change in amortization of deferred loan origination costs	(376)	964
Net amortization of premiums on available-for-sale securities	192	231
Amortization of investment in affordable housing limited partnership	0	26
Amortization of purchase accounting marks on loans	(990)	0
Amortization of core deposit intangible	217	131
Accretion of premium on FHLB advances	(20)	(7)
Valuation allowance on deferred tax asset	0	370
ESOP compensation expense	45	47
Change in deferred taxes on goodwill	138	0
Earnings on bank owned life insurance	(21)	(21)
Change in assets and liabilities:
Net change in deferred taxes	1,071	(1,210)
Net change in accrued interest receivable	678	267
Net change in other assets	(1,039)	(1,118)
Net change in accrued expenses and other liabilities	(3,375)	(137)
Net cash used in operating activities	(359)	(2,570)
Cash flows from investing activities:
Cash acquired in merger	0	84,745
Net change in loans receivable held for investment	3,440	(29,749)
Principal payments on available-for-sale securities	9,231	6,547
Purchase of available-for-sale securities	(104,657)	(4,073)
Purchase of FHLB stock	(328)	(152)
Proceeds from redemption of FHLB stock	1,431	1,055
Purchase of office properties and equipment	(583)	(56)
Proceeds from disposals of office properties and equipment	0	45
Net cash (used in) provided by investing activities	(91,466)	58,362
Cash flows from financing activities:
Net change in deposits	28,125	35,690
Net increase in securities sold under agreements to repurchase	15,332	10,613
Proceeds from sale of stock (net of costs)	0	30,837
Proceeds from issuance of preferred stock	150,000	0
Dividends paid on preferred stock	(15)	0
Distributions to non-controlling interest	0	(165)
Proceeds from FHLB advances	0	5,000
Repayments of FHLB advances	(53,000)	(22,535)
Stock cancelled for income tax withholding	0	(448)
Repayments of junior subordinated debentures	0	(510)
Net cash provided by financing activities	140,442	58,482
Net change in cash and cash equivalents	48,617	114,274
Cash and cash equivalents at beginning of the period	231,520	96,109
Cash and cash equivalents at end of the period	280,137	210,383
Supplemental disclosures of cash flow information:
Cash paid for interest	1,378	1,803
Cash paid for income taxes	0	429
Assets acquired (liabilities assumed) in acquisition:
Securities available-for-sale, at fair value	0	149,975
Loans receivable	0	225,885
Accrued interest receivable	0	1,637
FHLB and FRB stock	0	1,061
Office property and equipment	0	6,953
Goodwill	0	25,966
Core deposit intangible	0	3,329
Other assets	0	2,290
Deposits	0	(353,722)
FHLB advances	0	(3,166)
Securities sold under agreements to repurchase	0	(59,945)
Other borrowings	0	(14,000)
Deferred taxes	0	(717)
Accrued expenses and other liabilities	0	(4,063)
Preferred Stock [Member]
Assets acquired (liabilities assumed) in acquisition:
Issuance of stock	0	(3,000)
Common Stock [Member]
Assets acquired (liabilities assumed) in acquisition:
Issuance of stock	0	(63,257)
Directors [Member]
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock-based compensation expense	84	45
Employees, Excluding Directors [Member]
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock-based compensation expense	$ 58	$ 169

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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 Income [Member]	Retained Earnings [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 (loss)	0	0	0	0	0	(2,786)	0	0	33	(2,753)
Preferred shares issued in business combination	3,000	0	0	0	0	0	0	0	0	3,000
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	15	0	0	32	0	0	47
Restricted stock compensation expense	0	0	0	162	0	0	0	0	0	162
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 withholding	0	(2)	0	(446)	0	0	0	0	0	(448)
Payment to non-controlling interest	0	0	0	0	0	0	0	0	(165)	(165)
Other comprehensive income (loss), net of tax	0	0	0	0	621	0	0	0	0	621
Balance at Jun. 30, 2021	3,000	462	281	140,125	785	4,997	(861)	(5,326)	32	143,495
Balance at Mar. 31, 2021	0	218	87	46,625	53	4,296	(877)	(5,326)	0	45,076
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0	0	0	0	0	701	0	0	33	734
Preferred shares issued in business combination	3,000	0	0	0	0	0	0	0	0	3,000
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	9	0	0	16	0	0	25
Common stock cancelled for payment of tax withholding	0	(1)	0	0	0	0	0	0	0	(1)
Payment to non-controlling interest	0	0	0	0	0	0	0	0	(165)	(165)
Other comprehensive income (loss), net of tax	0	0	0	0	732	0	0	0	0	732
Balance at Jun. 30, 2021	3,000	462	281	140,125	785	4,997	(861)	(5,326)	32	143,495
Balance at Dec. 31, 2021	3,000	463	281	140,289	(551)	3,673	(829)	(5,326)	100	141,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0	0	0	0	0	2,812	0	0	23	2,835
Preferred shares issued	150,000	0	0	0	0	0	0	0	0	150,000
Release of unearned ESOP shares	0	0	0	13	0	0	32	0	0	45
Restricted stock compensation expense	0	5	0	53	0	0	0	0	0	58
Stock awarded to directors	0	0	0	84	0	0	0	0	0	84
Conversion of preferred shares to common shares	(3,000)	12	0	2,988	0	0	0	0	0	0
Conversion of non-voting shares into voting shares	0	24	(24)	0	0	0	0	0	0	0
Dividends paid on preferred stock	0	0	0	0	0	(15)	0	0	0	(15)
Other comprehensive income (loss), net of tax	0	0	0	0	(9,350)	0	0	0	0	(9,350)
Balance at Jun. 30, 2022	150,000	504	257	143,427	(9,901)	6,470	(797)	(5,326)	123	284,757
Balance at Mar. 31, 2022	0	489	272	143,373	(6,398)	4,616	(813)	(5,326)	124	136,337
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0	0	0	0	0	1,854	0	0	(1)	1,853
Preferred shares issued	150,000	0	0	0	0	0	0	0	0	150,000
Release of unearned ESOP shares	0	0	0	11	0	0	16	0	0	27
Restricted stock compensation expense	0	0	0	43	0	0	0	0	0	43
Conversion of non-voting shares into voting shares	0	15	(15)	0	0	0	0	0	0	0
Other comprehensive income (loss), net of tax	0	0	0	0	(3,503)	0	0	0	0	(3,503)
Balance at Jun. 30, 2022	$ 150,000	$ 504	$ 257	$ 143,427	$ (9,901)	$ 6,470	$ (797)	$ (5,326)	$ 123	$ 284,757

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	6 Months Ended
	Jun. 30, 2022
Basis of Financial Statement Presentation [Abstract]
Basis of Financial Statement Presentation	NOTE (1) – Basis of Financial Statement Presentation The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, City First Bank, National Association (the “Bank” and, together with the Company, “City First Broadway”). Also included in the unaudited 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. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Form 10-K”) and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. Subsequent events have been evaluated through August 15, 2022, which is the date these financial statements were issued. Except as discussed below, our accounting policies are described in Note 1 – Summary of Significant Accounting Policies of our audited consolidated financial statements included in the 2021 Form 10-K. 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 purchase credit impaired (“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 Company has selected a vendor model, formed an implementation committee and is in the process of refining the model. 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 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 March 2022, the FASB issued ASU No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This new accounting standard pertains to eliminating certain existing accounting guidance for troubled debt restructurings (“TDRs”) by creditors and adding additional disclosures related to the nature and characteristics of modifications of loans to borrowers experiencing financial difficulties and vintage disclosures for gross write-offs. 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.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2022
Business Combination [Abstract]
Business Combination	NOTE (2) – Business Combination The Company completed its merger with CFBanc Corporation (“CFBanc”) 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). As of the acquisition date, CFBanc had $471.0 million in total assets, $227.7 million in gross loans, and $353.7 million of total deposits. On April 1, 2021, (1) each share of CFBanc’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 (“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 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 is 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 (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 purchased credit impaired loans (“PCI loans”). Refer to Note 5 for additional information regarding PCI loans. The following table presents the amounts that comprise the fair value of PCI loans (in thousands): Contractual amounts due $ 1,825 Nonaccretable difference (cash flows not expected to be collected) (634 ) Expected cash flows 1,191 Accretable yield (346 ) Fair value of acquired loans $ 845 In accordance with generally accepted accounting principles, there was no carryover of the allowance for loan losses that had been previously recorded on loans by CFBanc. 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, 2021. 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. Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 (Dollars in thousands except per share amounts) Net interest income $ 5,828 $ 11,018 Net income (loss) 708 (3,576 ) Basic earnings per share $ 0.01 $ (0.05 ) Diluted earnings per share $ 0.01 $ (0.05 )

Earnings Per Share of Common St

Earnings Per Share of Common Stock	6 Months Ended
	Jun. 30, 2022
Earnings Per Share of Common Stock [Abstract]
Earnings Per Share of Common Stock	NOTE (3) – Earnings Per Share of Common Stock Basic earnings 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 and additional potential common shares issuable under stock options. The following table shows how the Company computed basic and diluted earnings (loss) per share of common stock for the periods indicated: For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 (Dollars in thousands, except per share) Net income (loss) $ 1,854 $ 701 $ 2,812 $ (2,786 ) Less net income (loss) attributable to participating securities 12 - 18 - Income (loss) available to common stockholders $ 1,842 $ 701 $ 2,794 $ (2,786 ) Weighted average common shares outstanding for basic earnings (loss) per common share 72,527,974 70,163,639 72,292,735 48,873,496 Add: dilutive effects of unvested restricted stock awards 461,047 140,247 467,890 - Add: dilutive effects of assumed exercise of stock options - - 7,982 - Weighted average common shares outstanding for diluted earnings (loss) per common share 72,989,021 70,303,886 72,768,607 48,873,496 Earnings (loss) per common share - basic $ 0.03 $ 0.01 $ 0.04 $ (0.06 ) Earnings (loss) per common share - diluted $ 0.03 $ 0.01 $ 0.04 $ (0.06 )

Securities

Securities	6 Months Ended
	Jun. 30, 2022
Securities [Abstract]
Securities	NOTE (4) – Securities The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios as of the dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive income (loss): Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) June 30, 2022: Federal agency mortgage-backed securities $ 90,453 $ 13 $ (7,364 ) $ 83,102 Federal agency collateralized mortgage obligations (“CMO”) 27,385 79 (644 ) 26,820 Federal agency debt 51,598 47 (2,771 ) 48,874 Municipal bonds 4,882 - (543 ) 4,339 U.S. Treasuries 62,656 63 (1,539 ) 61,180 SBA pools 15,189 25 (1,231 ) 13,983 Total available-for-sale securities $ 252,163 $ 227 $ (14,092 ) $ 238,298 December 31, 2021: Federal agency mortgage-backed securities $ 70,078 $ 196 $ (244 ) $ 70,030 Federal agency CMOs 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 The Bank held 175 securities with unrealized losses of $ million at June 30, 2022. Thirty-one, 31, of these securities had aggregate unrealized losses of $200 thousand and 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 as of June 30, 2022, were primarily caused by movements in market interest rates subsequent to the purchase of such securities. The Bank held 129 securities with unrealized losses of $1.0 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 $ million were pledged as collateral for securities sold under agreements to repurchase as of June 30, 2022, and included $ million of U.S. Government Agency securities, $ million of mortgage-backed securities, $6.2 million of SBA pool securities and $3.8 million were no securities pledged to secure public deposits at June 30, 2022 or December 31, 2021. At June 30, 2022, and December 31, 2021, 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. The amortized cost and estimated fair value of all investment securities available-for-sale at June 30, 2022, 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 $ 1,005 $ - $ (5 ) $ 1,000 Due after one year through five years 103,542 63 (3,393 ) 100,212 Due after five years through ten years 40,021 55 (2,173 ) 37,903 Due after ten years (1) 107,595 109 (8,521 ) 99,183 $ 252,163 $ 227 $ (14,092 ) $ 238,298 (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. At June 30, 2022 and December 31, 2021, 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 Inves

Loans Receivable Held for Investment	6 Months Ended
	Jun. 30, 2022
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	NOTE (5) – Loans Receivable Held for Investment Loans receivable held for investment were as follows as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Real estate: Single family $ 32,597 $ 45,372 Multi-family 405,140 393,704 Commercial real estate 85,156 93,193 Church 20,626 22,503 Construction 36,168 32,072 Commercial – other 64,591 46,539 SBA loans (1) 4,451 18,837 Consumer 51 - Gross loans receivable before deferred loan costs and premiums 648,780 652,220 Unamortized net deferred loan costs and premiums 1,902 1,526 Gross loans receivable 650,682 653,746 Credit and interest marks on purchased loans, net (852 ) (1,842 ) Allowance for loan losses (2,962 ) (3,391 ) Loans receivable, net $ 646,868 $ 648,513 (1) Including Paycheck Protection Program (PPP) loans. As of June 30, 2022 and December 31, 2021, the commercial loan category above included $3.6 million and $18.0 million, respectively, of loans issued under the SBA’s Paycheck Protection Program (PPP). PPP loans have terms of two 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 June 30, 2022, and December 31, 2021, was as follows: June 30 , December 31, 2021 (In thousand s) Real estate: Single family $ 53 $ 558 Commercial real estate - 221 Commercial – other 107 104 $ 160 $ 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 30, and December 31, 2021, none of the Company’s PCI The following table summarizes the accretable yield on the PCI three and six months ended 30, and June 30, 2021: Three months ended June 30, 2022 Six months ended June 30, 2022 (In thousands) Balance at the beginning of the period $ 165 $ 883 Deduction due to payoffs - (707 ) Accretion 5 16 Balance at the end of the period $ 160 $ 160 Three months ended June 30, 2021 Six months ended June 30, 2021 (In thousands) Balance at the beginning of the period $ - $ - Additions 346 346 Accretion 19 19 Balance at the end of the period $ 327 $ 327 The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: For the three months ended June 30, 2022 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 157 $ 2,771 $ 217 $ 63 $ 236 $ 95 $ - $ 3,539 Provision for (recapture of) loan losses (37 ) (493 ) (64 ) (15 ) (15 ) 43 4 (577 ) Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 For the three months ended June 30, 2021 Real Estate Single Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 275 $ 2,473 $ 219 $ 221 $ 22 $ 5 $ - $ 3,215 Provision for (recapture of) loan losses (105 ) 133 8 (13 ) 59 (1 ) - 81 Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 170 $ 2,606 $ 227 $ 208 $ 81 $ 4 $ - $ 3,296 For the six months ended June 30, 2022 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (25 ) (379 ) (83 ) (55 ) 9 115 (11 ) (429 ) Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 For the six months ended June 30, 2021 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Provision for (recapture of) loan losses (126 ) 173 5 (29 ) 59 - (1 ) 81 Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 170 $ 2,606 $ 227 $ 208 $ 81 $ 4 $ - $ 3,296 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 the dates indicated: June 30, 2022 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 $ 3 $ - $ - $ 4 $ - $ - $ - $ 7 Collectively evaluated for impairment 117 2,278 153 44 221 138 4 2,955 Total ending allowance balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 Loans: Loans individually evaluated for impairment $ 62 $ 271 $ - $ 1,864 $ - $ - $ - $ 2,197 Loans collectively evaluated for impairment 22,849 375,409 18,748 9,713 30,762 43,305 51 500,837 Subtotal 22,911 375,680 18,748 11,577 30,762 43,305 51 503,034 Loans acquired in the Merger 9,732 31,556 66,360 9,000 5,264 25,736 - 147,648 Total ending loans balance $ 32,643 $ 407,236 $ 85,108 $ 20,577 $ 36,026 $ 69,041 $ 51 $ 650,682 December 31, 2021 Real Estate Single Family Multi- Commercial Real Estate Church Construction Commercial - Other SBA Total 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 The following table presents information related to loans individually evaluated for impairment by loan type as of the dates indicated: June 30, 2022 December 31, 2021 Unpaid Principal Recorded Investment Allowance for Loan Losses Allocated Unpaid Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Multi-family $ 271 $ 271 $ - $ 282 $ 282 $ - Church 2,085 1,772 - 1,854 1,854 - With an allowance recorded: Single family 62 62 3 65 65 3 Church 92 92 4 100 100 4 Total $ 2,510 $ 2,197 $ 7 $ 2,301 $ 2,301 $ 7 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: Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 63 $ 1 $ 316 $ 4 Multi-family 274 5 292 5 Church 2,197 25 3,742 63 Commercial - other - - 11 - Total $ 2,534 $ 31 $ 4,361 $ 72 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income (In thousands) Single family $ 64 $ 2 $ 426 $ 10 Multi-family 276 10 294 10 Church 2,210 50 3,766 126 Commercial - other - - 26 1 Total $ 2,550 $ 62 $ 4,512 $ 147 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 $23 thousand and $19 thousand for the three months ended June 30, 2022 and 2021, respectively, and $54 thousand and $38 thousand for the six months ended 30, 2022 and 2021, respectively, The following tables present the aging of the recorded investment in past due loans by loan type as of the dates indicated: June 30, 2022 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 $ - $ - $ - $ - $ 32,643 $ 32,643 Multi-family - - - - 407,236 407,236 Commercial real estate - - - - 85,108 85,108 Church - - - - 20,577 20,577 Construction - - - - 36,026 36,026 Commercial - other - - - - 64,590 64,590 SBA loans - - - - 4,451 4,451 Consumer - - - - 51 51 Total $ - $ - $ - $ - $ 650,682 $ 650,682 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 Consumer - - - - 18,837 18,837 Total $ - $ 2,423 $ - $ 2,423 $ 651,323 $ 653,746 The following table presents the recorded investment in non-accrual loans by loan type as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Loans receivable held for investment: Church $ 627 $ 684 Total non-accrual loans $ 627 $ 684 There were no loans 90 days or more delinquent that were accruing interest as of June 30, 2022 or December 31, 2021. None of the church non-accrual loans were delinquent, but none qualified for accrual status as of the dates indicated. Troubled Debt Restructurings (TDRs) At June 30, 2022, loans classified as TDRs totaled $2.0 million, of which $164 thousand were included in non-accrual loans and $1.9 million were on accrual status. At December 31, 2021, loans classified as TDRs totaled $1.8 million, of which $188 thousand were included in non-accrual loans and $1.6 million were on accrual status. The Company has allocated $7 thousand of specific reserves for accruing TDRs as of June 30, 2022 and December 31, 2021, 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 of time 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 June 30, 2022 and December 31, 2021, 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 three or six months ended June 30, 2022 and 2021. 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. Loans classified as watch exhibit weaknesses that could threaten the current net worth and paying capacity of the obligors. Watch graded loans are generally performing and are not more than 59 days past due. A watch rating is used when a material deficiency exists, but correction is anticipated within an acceptable time frame. ● Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. ● Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ● Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. ● Loss. Loans classified as loss are considered uncollectible and of such little value that to continue to carry the loan as an active asset is no longer warranted. 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. Based on the most recent analysis performed, the risk categories of loans by loan type as of the dates indicated were as follows: June 30, 2022 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 31,607 $ 363 $ 265 $ 408 $ - $ - $ 32,643 Multi-family 390,186 4,694 4,216 8,140 - - 407,236 Commercial real estate 66,110 8,338 5,930 4,730 - - 85,108 Church 16,086 2,095 - 2,396 - - 20,577 Construction 8,998 27,028 - - - - 36,026 Commercial - others 49,367 14,916 - 300 7 - 64,590 SBA 3,789 662 - - - - 4,451 Consumer 51 - - - - - 51 Total $ 566,194 $ 58,096 $ 10,411 $ 15,974 $ 7 $ - $ 650,682 December 31, 2021 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 42,454 $ 1,343 $ 271 $ 1,304 $ - $ - $ 45,372 Multi-family 378,141 7,987 575 8,527 - - 395,230 Commercial real estate 69,257 7,034 9,847 7,055 - - 93,193 Church 20,021 - - 2,482 - - 22,503 Construction 10,522 21,550 - - - - 32,072 Commercial - other 33,988 12,551 - - - - 46,539 SBA 18,665 - 172 - - - 18,837 Total $ 573,048 $ 50,465 $ 10,865 $ 19,368 $ - $ - $ 653,746

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	NOTE (6) – In connection with the CFBanc Merger (see Note 2 – Business Combination), the Company recognized goodwil l of and a core deposit intangible of . As the Company’s stock recently trading at a steep discount to tangible book value, an assessment of goodwill impairment was performed as of June 30, 2022, in which no impairment was determined. The following table presents the changes in the carrying amounts of goodwill for the six-month period ended June 30, 2022: Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,996 $ 2,936 Additions - - Change in deferred tax estimate (138 ) - Amortization - (217 ) Balance at the end of the period $ 25,858 $ 2,719 The carrying amount of the core deposit intangible consisted of the following at June 30, 2022 Core deposit intangible acquired $ 3,329 Less: accumulated amortization (610 ) $ 2,719 The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): 2022 $ 219 2023 390 2024 336 2025 315 2026 304 Thereafter 1,155 $ 2,719

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2022
Borrowings [Abstract]
Borrowings	NOTE (7) – Borrowings T he 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. urities is reflected as a liability in the Banks’s consolidated hile 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. At 30, 2022 and December 31, 2021, the Bank had outstanding advances from the FHLB totaling $32.9 million and $86.0 million, respectively. The weighted interest rate was 1.34% and 1.85% as of 30, 2022 and December 31, 2021, respectively. The weighted average contractual maturity was 32 months and 22 months as of 30, 2022 and December 31, 2021, respectively. The advances were collateralized by loans with a market value of $63.4 million at 30, 2022 and $165.0 million at December 31, 202 In connection with the New Market Tax Credit activities of the Bank, CFC 45 is a partnership whose members include CFNMA and City First New Markets Fund II, LLC. This community development entity (“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 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 for 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.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2022
Fair Value [Abstract]
Fair Value	NOTE (8) – 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 and assets acquired through or by transfer of in lieu of foreclosure 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 June 30, 2022: Securities available-for-sale: Federal agency mortgage-backed $ - $ 83,102 $ - $ 83,102 Federal agency CMO - 26,820 - 26,820 Federal agency debt - 48,874 - 48,874 Municipal bonds - 4,339 - 4,339 U.S. Treasuries - 61,180 - 61,180 SBA pools - 13,983 - 13,983 At December 31, 2021: Securities available-for-sale: Federal agency mortgage-backed $ - $ 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 There were no transfers between Level 1, Level 2, or Level 3 during the three and six months ended June 30, 2022 and 2021. Assets Measured on a Non-Recurring Basis Assets are considered to be reflected at fair value on a non-recurring basis if the fair value measurement of the instrument does not necessarily result in a change in the amount recorded on the statements of financial condition. Generally, a non-recurring valuation is the result of the application of other accounting pronouncements that require assets to be assessed for impairment or recorded at the lower of cost or fair value. As of June 30, 2022 and December 31, 2021, the Bank did not have any impaired loans carried at fair value. Fair Values of Financial Instruments The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments not recorded at fair value on a recurring basis as of June 30, 2022 and December 31, 2021. For short-term financial assets such as cash and due from banks, interest-bearing deposits in other banks, and accrued interest receivable/payable, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For non-marketable equity securities such as Federal Home Loan Bank stock, the carrying amount is a reasonable estimate of fair value as these securities can only be redeemed or sold at their par value and only to the respective issuing government supported institution or to another member institution. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. Fair Value Measurements at June 30, 2022 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 280,137 $ 280,137 $ - $ - $ 280,137 Securities available-for-sale 238,298 - 238,298 - 238,298 Loans receivable held for investment 646,868 - - 607,927 607,927 Accrued interest receivables 2,694 162 475 2,057 2,694 Bank owned life insurance 3,211 3,211 - - 3,211 Financial Liabilities: Deposits $ 816,177 $ - $ 731,780 $ - $ 731,780 Federal Home Loan Bank advances 32,932 - 31,581 - 31,581 Securities sold under agreements to repurchase 67,292 - 62,716 - 62,716 Note payable 14,000 - - 14,000 14,000 Accrued interest payable 241 - 241 - 241 Fair Value Measurements at December 31, 2021 Carrying 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 receivables 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 - 51,960 Note payable 14,000 - - 14,000 14,000 Accrued interest payable 119 - 119 - 119 In accordance with ASU No. 2016-01, the fair value of financial assets and liabilities was measured using an exit price notion. Although the exit price notion represents the value that would be received to sell an asset or paid to transfer a liability, the actual price received for a sale of assets or paid to transfer liabilities could be different from exit price disclosed.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2022
Stock-based Compensation [Abstract]
Stock-Based Compensation	NOTE (9) – Stock-based Compensation The Long-Term Incentive Plan, which was adopted by the Company and approved by the stockholders in 2018 (the “LTIP”), permits the grant of non-qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards. The plan is 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, 2018. As of June 30, 2022 During February of 2022 and 2021, the Company issued 47,187 and 20,736 shares of stock, respectively, to its directors under the 2018 LTIP, which were fully vested. The Company recorded $0 and $84 thousand of compensation expense during the three and six months ended June 30, 2022, respectively, based on the fair value of the stock, which was determined using the fair value of the stock on the date of the award. During the three and six months ended June 30, 2021, the Company recorded $0 and $45 thousand of stock compensation expense. During March of 2022, the Company issued 495,262 shares to its officers and employees under the 2018 LTIP. Each restricted stock award is valued based on the fair value of the stock on the date of the award. These awarded shares of restricted stock fully vest over periods ranging from 36 months to 60 months from their respective dates of grant. Stock based compensation is recognized on a straight-line basis over the vesting period. There were no shares issued to officers and employees during 2021. During the three- and six-month periods ending June 30, 2022, the company recorded $43 thousand and $58 thousand of stock-based compensation expense, respectively. During the three- and six-month periods ending June 30, 2021, the company recorded $0 thousand and $162 thousand of stock-based compensation expense, respectively, related to awards granted prior to 2021. No stock options were granted during the six months ended June 30, 2022 and 2021. The following table summarizes stock option activity during the six months ended June 30, 2022 and 2021: June 30, 2022 June 30, 2021 Number Outstanding Weighted Average Exercise Price Number Outstanding Weighted Average Exercise Price Outstanding at beginning of period 450,000 $ 1.62 455,000 $ 1.67 Granted during period - - - - Exercised during period - - - - Forfeited or expired during period (200,000 ) - (5,000 ) 6.00 Outstanding at end of period 250,000 $ 1.62 450,000 $ 1.62 Exercisable at end of period 250,000 $ 1.62 360,000 $ 1.62 T he Company did not record any stock-based compensation expense related to stock options during the three and six months ended June 30, 2022 since these stock options became fully vested and all compensation expense was recognized in February 2021. For the three and six months ended June 30, 2021, the Company recorded $0 and $7 thousand expense related to stock options, respectively. Options outstanding and exercisable at June 30, 2022 were as follows: Outstanding Exercisable Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value 250,000 3.63 years $ 1.62 250,000 $ 1.62 250,000 3.63 years $ 1.62 $ - 250,000 $ 1.62 $ -

ESOP Plan

ESOP Plan	6 Months Ended
	Jun. 30, 2022
ESOP Plan [Abstract]
ESOP Plan	NOTE (10) – 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. Any dividends on allocated shares increase participant accounts. Any dividends on unallocated shares will be used to repay the loan. Participants will receive shares for their vested balance at the end of their employment. Compensation expense related to the ESOP was $27 thousand and $25 thousand for the three months ended June 30, 2022 and 2021, respectively, and $45 thousand and $47 thousand for the six months ended June 30, 2022 and 2021, respectively. Shares held by the ESOP were as follows: June 30, 2022 December 31, 2021 (Dollars in thousands) Allocated to participants 1,062,326 1,065,275 Committed to be released 30,192 10,236 Suspense shares 501,490 562,391 Total ESOP shares 1,594,008 1,637,902 Fair value of unearned shares $ 532 $ 1,040 Unearned shares, which are reported as Unearned ESOP shares in the equity section of the consolidated statements of financial condition, were $797 thousand and $829 thousand at June 30, 2022 and December 31, 2021, respectively.

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Matters	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity and Regulatory Matters [Abstract]
Stockholders' Equity and Regulatory Matters	NOTE (11) – Stockholders’ Equity and Regulatory Matters On June 7, 2022, the Company issued 150,000 shares of Senior Non-Cumulative Perpetual Preferred stock, Series C (“Series C Preferred Stock”), for the capital investment of $150.0 million from the U.S. Treasury under the Emergency Capital Investment Program (“ECIP”). ECIP investment is treated as Tier 1 Capital for the regulatory capital treatment. The Series C Preferred stock may be redeemed at the option of the Company on or after the fifth anniversary of issuance (or earlier in the event of loss of regulatory capital treatment), subject to the approval of the appropriate federal banking regulator in accordance with the federal banking agencies’ regulatory capital regulations. The initial dividend rate of the Series C Preferred Stock is zero percent for the first two years after issuance, and thereafter the floor dividend rate is 0.50% and the ceiling dividend rate is 2.00%. During the first quarter of 2022 the Company completed the exchange of all the Series A Fixed Rate Cumulative Redeemable Preferred Stock, with an aggregate liquidation rate of $3 million, plus accrued dividends, for 1,193,317 shares of Class A Common Stock at an exchange price of $2.51 per share of Class A Common Stock. 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 March 31, 2020. The ratio then rose to 8.5% for 2021 and was 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 March 31, 2020 Call Report. Actual and required capital amounts and ratios as of the dates indicated are presented below. Actual Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio (Dollars in thousands) June 30 2022 Community Bank Leverage Ratio $ 171,773 15.87 % $ 92,005 9.00 % December 31 2021 Community Bank Leverage Ratio $ 98,590 9.32 % $ 89,871 8.50 % At June 30, 2022, 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 since June 30

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Taxes [Abstract]
Income Taxes	NOTE (12) – Income Taxes T he 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, including the existence of cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income and tax planning strategies. At June 30, 2022, the Company maintained a $369 thousand valuation allowance on its deferred tax assets because the number of shares sold in the private placements completed on April 6, 2021 triggered limitations on the use of certain tax attributes under the Section 382 of the federal tax code. The ability to use net operating losses (“NOLs”) to offset future taxable income will be restricted and these NOLs could expire or otherwise be unavailable. In general, under Section 382 of the Code and corresponding provisions of state law, a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change NOLs to offset future taxable income. For these purposes, an ownership change generally occurs where the aggregate stock ownership of one or more stockholders or groups of stockholders who owns at least 5% of a corporation’s stock increases its ownership by more than 50 percentage points over its lowest ownership percentage within a specified testing period.

Concentration of Credit Risk

Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2022
Concentration of Credit Risk [Abstract]
Concentration of Credit Risk	NOTE (13) – Concentration of Credit Risk The Bank has a significant concentration of deposits with one customer that accounted for approximately 16% of its deposits as of June The Bank a lso h June

Basis of Financial Statement _2

Basis of Financial Statement Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Basis of Financial Statement Presentation [Abstract]
Consolidation	The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, City First Bank, National Association (the “Bank” and, together with the Company, “City First Broadway”). Also included in the unaudited 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. All significant intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Form 10-K”) and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.
Subsequent Events	Subsequent events have been evaluated through August 15, 2022, which is the date these financial statements were issued.
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 purchase credit impaired (“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 Company has selected a vendor model, formed an implementation committee and is in the process of refining the model. 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 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 March 2022, the FASB issued ASU No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This new accounting standard pertains to eliminating certain existing accounting guidance for troubled debt restructurings (“TDRs”) by creditors and adding additional disclosures related to the nature and characteristics of modifications of loans to borrowers experiencing financial difficulties and vintage disclosures for gross write-offs. 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.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2022
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 (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	The following table presents the amounts that comprise the fair value of PCI loans (in thousands): Contractual amounts due $ 1,825 Nonaccretable difference (cash flows not expected to be collected) (634 ) Expected cash flows 1,191 Accretable yield (346 ) Fair value of acquired 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, 2021. 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. Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 (Dollars in thousands except per share amounts) Net interest income $ 5,828 $ 11,018 Net income (loss) 708 (3,576 ) Basic earnings per share $ 0.01 $ (0.05 ) Diluted earnings per share $ 0.01 $ (0.05 )

Earnings Per Share of Common _2

Earnings Per Share of Common Stock (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share of Common Stock [Abstract]
Basic and Diluted Earnings (Loss) Per Share of Common Stock	The following table shows how the Company computed basic and diluted earnings (loss) per share of common stock for the periods indicated: For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 (Dollars in thousands, except per share) Net income (loss) $ 1,854 $ 701 $ 2,812 $ (2,786 ) Less net income (loss) attributable to participating securities 12 - 18 - Income (loss) available to common stockholders $ 1,842 $ 701 $ 2,794 $ (2,786 ) Weighted average common shares outstanding for basic earnings (loss) per common share 72,527,974 70,163,639 72,292,735 48,873,496 Add: dilutive effects of unvested restricted stock awards 461,047 140,247 467,890 - Add: dilutive effects of assumed exercise of stock options - - 7,982 - Weighted average common shares outstanding for diluted earnings (loss) per common share 72,989,021 70,303,886 72,768,607 48,873,496 Earnings (loss) per common share - basic $ 0.03 $ 0.01 $ 0.04 $ (0.06 ) Earnings (loss) per common share - diluted $ 0.03 $ 0.01 $ 0.04 $ (0.06 )

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2022
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 as of the dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive income (loss): Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) June 30, 2022: Federal agency mortgage-backed securities $ 90,453 $ 13 $ (7,364 ) $ 83,102 Federal agency collateralized mortgage obligations (“CMO”) 27,385 79 (644 ) 26,820 Federal agency debt 51,598 47 (2,771 ) 48,874 Municipal bonds 4,882 - (543 ) 4,339 U.S. Treasuries 62,656 63 (1,539 ) 61,180 SBA pools 15,189 25 (1,231 ) 13,983 Total available-for-sale securities $ 252,163 $ 227 $ (14,092 ) $ 238,298 December 31, 2021: Federal agency mortgage-backed securities $ 70,078 $ 196 $ (244 ) $ 70,030 Federal agency CMOs 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
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 June 30, 2022, 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 $ 1,005 $ - $ (5 ) $ 1,000 Due after one year through five years 103,542 63 (3,393 ) 100,212 Due after five years through ten years 40,021 55 (2,173 ) 37,903 Due after ten years (1) 107,595 109 (8,521 ) 99,183 $ 252,163 $ 227 $ (14,092 ) $ 238,298 (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)	6 Months Ended
	Jun. 30, 2022
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Loans receivable held for investment were as follows as of the dates indicated: June 30, 2022 December 31, 2021 (In thousands) Real estate: Single family $ 32,597 $ 45,372 Multi-family 405,140 393,704 Commercial real estate 85,156 93,193 Church 20,626 22,503 Construction 36,168 32,072 Commercial – other 64,591 46,539 SBA loans (1) 4,451 18,837 Consumer 51 - Gross loans receivable before deferred loan costs and premiums 648,780 652,220 Unamortized net deferred loan costs and premiums 1,902 1,526 Gross loans receivable 650,682 653,746 Credit and interest marks on purchased loans, net (852 ) (1,842 ) Allowance for loan losses (2,962 ) (3,391 ) Loans receivable, net $ 646,868 $ 648,513
Carrying Amount of Purchased Credit Impaired Loans	The carrying amount of those loans as of June 30, 2022, and December 31, 2021, was as follows: June 30 , December 31, 2021 (In thousand s) Real estate: Single family $ 53 $ 558 Commercial real estate - 221 Commercial – other 107 104 $ 160 $ 883
Accretable yield on Purchased Credit Impaired Loans	The following table summarizes the accretable yield on the PCI three and six months ended 30, and June 30, 2021: Three months ended June 30, 2022 Six months ended June 30, 2022 (In thousands) Balance at the beginning of the period $ 165 $ 883 Deduction due to payoffs - (707 ) Accretion 5 16 Balance at the end of the period $ 160 $ 160 Three months ended June 30, 2021 Six months ended June 30, 2021 (In thousands) Balance at the beginning of the period $ - $ - Additions 346 346 Accretion 19 19 Balance at the end of the period $ 327 $ 327
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 three months ended June 30, 2022 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 157 $ 2,771 $ 217 $ 63 $ 236 $ 95 $ - $ 3,539 Provision for (recapture of) loan losses (37 ) (493 ) (64 ) (15 ) (15 ) 43 4 (577 ) Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 For the three months ended June 30, 2021 Real Estate Single Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 275 $ 2,473 $ 219 $ 221 $ 22 $ 5 $ - $ 3,215 Provision for (recapture of) loan losses (105 ) 133 8 (13 ) 59 (1 ) - 81 Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 170 $ 2,606 $ 227 $ 208 $ 81 $ 4 $ - $ 3,296 For the six months ended June 30, 2022 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (25 ) (379 ) (83 ) (55 ) 9 115 (11 ) (429 ) Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 For the six months ended June 30, 2021 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Provision for (recapture of) loan losses (126 ) 173 5 (29 ) 59 - (1 ) 81 Recoveries - - - - - - - - Loans charged off - - - - - - - - Ending balance $ 170 $ 2,606 $ 227 $ 208 $ 81 $ 4 $ - $ 3,296
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 the dates indicated: June 30, 2022 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 $ 3 $ - $ - $ 4 $ - $ - $ - $ 7 Collectively evaluated for impairment 117 2,278 153 44 221 138 4 2,955 Total ending allowance balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 Loans: Loans individually evaluated for impairment $ 62 $ 271 $ - $ 1,864 $ - $ - $ - $ 2,197 Loans collectively evaluated for impairment 22,849 375,409 18,748 9,713 30,762 43,305 51 500,837 Subtotal 22,911 375,680 18,748 11,577 30,762 43,305 51 503,034 Loans acquired in the Merger 9,732 31,556 66,360 9,000 5,264 25,736 - 147,648 Total ending loans balance $ 32,643 $ 407,236 $ 85,108 $ 20,577 $ 36,026 $ 69,041 $ 51 $ 650,682 December 31, 2021 Real Estate Single Family Multi- Commercial Real Estate Church Construction Commercial - Other SBA Total 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
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 dates indicated: June 30, 2022 December 31, 2021 Unpaid Principal Recorded Investment Allowance for Loan Losses Allocated Unpaid Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Multi-family $ 271 $ 271 $ - $ 282 $ 282 $ - Church 2,085 1,772 - 1,854 1,854 - With an allowance recorded: Single family 62 62 3 65 65 3 Church 92 92 4 100 100 4 Total $ 2,510 $ 2,197 $ 7 $ 2,301 $ 2,301 $ 7
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: Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 63 $ 1 $ 316 $ 4 Multi-family 274 5 292 5 Church 2,197 25 3,742 63 Commercial - other - - 11 - Total $ 2,534 $ 31 $ 4,361 $ 72 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income (In thousands) Single family $ 64 $ 2 $ 426 $ 10 Multi-family 276 10 294 10 Church 2,210 50 3,766 126 Commercial - other - - 26 1 Total $ 2,550 $ 62 $ 4,512 $ 147
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 dates indicated: June 30, 2022 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 $ - $ - $ - $ - $ 32,643 $ 32,643 Multi-family - - - - 407,236 407,236 Commercial real estate - - - - 85,108 85,108 Church - - - - 20,577 20,577 Construction - - - - 36,026 36,026 Commercial - other - - - - 64,590 64,590 SBA loans - - - - 4,451 4,451 Consumer - - - - 51 51 Total $ - $ - $ - $ - $ 650,682 $ 650,682 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 Consumer - - - - 18,837 18,837 Total $ - $ 2,423 $ - $ 2,423 $ 651,323 $ 653,746
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 dates indicated: June 30, 2022 December 31, 2021 (In thousands) Loans receivable held for investment: Church $ 627 $ 684 Total non-accrual loans $ 627 $ 684
Risk Categories of Loans by Loan Type	Based on the most recent analysis performed, the risk categories of loans by loan type as of the dates indicated were as follows: June 30, 2022 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 31,607 $ 363 $ 265 $ 408 $ - $ - $ 32,643 Multi-family 390,186 4,694 4,216 8,140 - - 407,236 Commercial real estate 66,110 8,338 5,930 4,730 - - 85,108 Church 16,086 2,095 - 2,396 - - 20,577 Construction 8,998 27,028 - - - - 36,026 Commercial - others 49,367 14,916 - 300 7 - 64,590 SBA 3,789 662 - - - - 4,451 Consumer 51 - - - - - 51 Total $ 566,194 $ 58,096 $ 10,411 $ 15,974 $ 7 $ - $ 650,682 December 31, 2021 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 42,454 $ 1,343 $ 271 $ 1,304 $ - $ - $ 45,372 Multi-family 378,141 7,987 575 8,527 - - 395,230 Commercial real estate 69,257 7,034 9,847 7,055 - - 93,193 Church 20,021 - - 2,482 - - 22,503 Construction 10,522 21,550 - - - - 32,072 Commercial - other 33,988 12,551 - - - - 46,539 SBA 18,665 - 172 - - - 18,837 Total $ 573,048 $ 50,465 $ 10,865 $ 19,368 $ - $ - $ 653,746

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets [Abstract]
Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles	The following table presents the changes in the carrying amounts of goodwill for the six-month period ended June 30, 2022: Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,996 $ 2,936 Additions - - Change in deferred tax estimate (138 ) - Amortization - (217 ) Balance at the end of the period $ 25,858 $ 2,719
Components of Carrying Amount of Core Deposit Intangible	The carrying amount of the core deposit intangible consisted of the following at June 30, 2022 Core deposit intangible acquired $ 3,329 Less: accumulated amortization (610 ) $ 2,719
Estimated Amortization Expense for Core Deposit Intangible	The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): 2022 $ 219 2023 390 2024 336 2025 315 2026 304 Thereafter 1,155 $ 2,719

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022: Securities available-for-sale: Federal agency mortgage-backed $ - $ 83,102 $ - $ 83,102 Federal agency CMO - 26,820 - 26,820 Federal agency debt - 48,874 - 48,874 Municipal bonds - 4,339 - 4,339 U.S. Treasuries - 61,180 - 61,180 SBA pools - 13,983 - 13,983 At December 31, 2021: Securities available-for-sale: Federal agency mortgage-backed $ - $ 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
Fair Values of Financial Instruments	For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. Fair Value Measurements at June 30, 2022 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 280,137 $ 280,137 $ - $ - $ 280,137 Securities available-for-sale 238,298 - 238,298 - 238,298 Loans receivable held for investment 646,868 - - 607,927 607,927 Accrued interest receivables 2,694 162 475 2,057 2,694 Bank owned life insurance 3,211 3,211 - - 3,211 Financial Liabilities: Deposits $ 816,177 $ - $ 731,780 $ - $ 731,780 Federal Home Loan Bank advances 32,932 - 31,581 - 31,581 Securities sold under agreements to repurchase 67,292 - 62,716 - 62,716 Note payable 14,000 - - 14,000 14,000 Accrued interest payable 241 - 241 - 241 Fair Value Measurements at December 31, 2021 Carrying 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 receivables 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 - 51,960 Note payable 14,000 - - 14,000 14,000 Accrued interest payable 119 - 119 - 119

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Stock-based Compensation [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity during the six months ended June 30, 2022 and 2021: June 30, 2022 June 30, 2021 Number Outstanding Weighted Average Exercise Price Number Outstanding Weighted Average Exercise Price Outstanding at beginning of period 450,000 $ 1.62 455,000 $ 1.67 Granted during period - - - - Exercised during period - - - - Forfeited or expired during period (200,000 ) - (5,000 ) 6.00 Outstanding at end of period 250,000 $ 1.62 450,000 $ 1.62 Exercisable at end of period 250,000 $ 1.62 360,000 $ 1.62
Options Outstanding and Exercisable	Options outstanding and exercisable at June 30, 2022 were as follows: Outstanding Exercisable Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value 250,000 3.63 years $ 1.62 250,000 $ 1.62 250,000 3.63 years $ 1.62 $ - 250,000 $ 1.62 $ -

ESOP Plan (Tables)

ESOP Plan (Tables)	6 Months Ended
	Jun. 30, 2022
ESOP Plan [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: June 30, 2022 December 31, 2021 (Dollars in thousands) Allocated to participants 1,062,326 1,065,275 Committed to be released 30,192 10,236 Suspense shares 501,490 562,391 Total ESOP shares 1,594,008 1,637,902 Fair value of unearned shares $ 532 $ 1,040

Stockholders' Equity and Regu_2

Stockholders' Equity and Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity and Regulatory Matters [Abstract]
Actual and Required Capital Amounts and Ratios	Actual and required capital amounts and ratios as of the dates indicated are presented below. Actual Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio (Dollars in thousands) June 30 2022 Community Bank Leverage Ratio $ 171,773 15.87 % $ 92,005 9.00 % December 31 2021 Community Bank Leverage Ratio $ 98,590 9.32 % $ 89,871 8.50 %

Business Combination, Summary (

Business Combination, Summary (Details) $ / shares in Units, $ in Thousands	Apr. 02, 2021 USD ($) $ / shares	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2021 $ / shares
Acquisition [Abstract]
Goodwill		$ 25,858	$ 25,996
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]
Assets acquired	$ 471,003
Gross loans	227,669
Deposits acquired	353,671
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	Jun. 30, 2022	Dec. 31, 2021
Liabilities assumed [Abstract]
Goodwill recognized		$ 25,858	$ 25,996
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, 2021 USD ($)
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, 2021 USD ($)
Purchased Credit Impaired Loans Acquired [Abstract]
Contractual amounts due	$ 231,432
Nonaccretable difference (cash flows not expected to be collected)	(3,666)
Expected cash flows	227,766
Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans Acquired [Abstract]
Contractual amounts due	1,825
Nonaccretable 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	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Unaudited pro forma information [Abstract]
Net interest income	$ 5,828	$ 11,018
Net income (loss)	$ 708	$ (3,576)
Basic earnings per share (in dollars per share)	$ 0.01	$ (0.05)
Diluted earnings per share (in dollars per share)	$ 0.01	$ (0.05)

Earnings Per Share of Common _3

Earnings Per Share of Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share of Common Stock [Abstract]
Net income (loss) attributable to Broadway Financial Corporation	$ 1,854	$ 701	$ 2,812	$ (2,786)
Less net income (loss) attributable to participating securities	12	0	18	0
Income (loss) available to common stockholders	$ 1,842	$ 701	$ 2,794	$ (2,786)
Weighted average common shares outstanding for basic earnings (loss) per common share (in shares)	72,527,974	70,163,639	72,292,735	48,873,496
Add: dilutive effects of unvested restricted stock awards (in shares)	461,047	140,247	467,890	0
Add: dilutive effects of assumed exercise of stock options (in shares)	0	0	7,982	0
Weighted average common shares outstanding for diluted earnings (loss) per common share (in shares)	72,989,021	70,303,886	72,768,607	48,873,496
Earnings (loss) per common share - basic (in dollars per share)	$ 0.03	$ 0.01	$ 0.04	$ (0.06)
Earnings (loss) per common share - diluted (in dollars per share)	$ 0.03	$ 0.01	$ 0.04	$ (0.06)

Securities, Summary (Details)

Securities, Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 252,163	$ 156,929
Gross unrealized gains	227	475
Gross unrealized losses	(14,092)	(1,008)
Fair value	238,298	156,396
Federal Agency Mortgage-backed Securities [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	90,453	70,078
Gross unrealized gains	13	196
Gross unrealized losses	(7,364)	(244)
Fair value	83,102	70,030
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	27,385	9,391
Gross unrealized gains	79	11
Gross unrealized losses	(644)	(115)
Fair value	26,820	9,287
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	51,598	38,152
Gross unrealized gains	47	106
Gross unrealized losses	(2,771)	(270)
Fair value	48,874	37,988
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	4,882	4,898
Gross unrealized gains	0	40
Gross unrealized losses	(543)	(23)
Fair value	4,339	4,915
US Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	62,656	18,169
Gross unrealized gains	63	0
Gross unrealized losses	(1,539)	(218)
Fair value	61,180	17,951
SBA Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	15,189	16,241
Gross unrealized gains	25	122
Gross unrealized losses	(1,231)	(138)
Fair value	$ 13,983	$ 16,225

Securities, Unrealized Gains (L

Securities, Unrealized Gains (Losses) and Fair Value (Details) $ in Thousands	Jun. 30, 2022 USD ($) Security	Dec. 31, 2021 USD ($) Security
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Number of securities held with unrealized losses | Security	175	129
Securities held with unrealized losses	$ 14,100	$ 1,000
Number of securities in loss position for greater than one year | Security	31	0
Unrealized losses on securities in loss position for greater than one year	$ 200
Securities collateral pledged	72,700	$ 53,200
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
U.S. Government Agency Securities [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	35,100	13,300
Mortgage Backed Securities [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	27,600	39,900
SBA Pools [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	6,200	9,800
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Available-for-sale Securities in Continuous Unrealized Loss Position [Abstract]
Securities collateral pledged	$ 3,800	$ 4,200

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Available for sale, amortized cost [Abstract]
Due in one year or less		$ 1,005
Due after one year through five years		103,542
Due after five years through ten years		40,021
Due after ten years	[1]	107,595
Amortized cost		252,163	$ 156,929
Available for sale, gross unrealized gains [Abstract]
Due in one year or less		0
Due after one year through five years		63
Due after five years through ten years		55
Due after ten years	[1]	109
Gross unrealized gains		227	475
Available for sale, gross unrealized loss [Abstract]
Due in one year or less		(5)
Due after one year through five years		(3,393)
Due after five years through ten years		(2,173)
Due after ten years	[1]	(8,521)
Gross unrealized losses		(14,092)	(1,008)
Available for sale, fair value [Abstract]
Due in one year or less		1,000
Due after one year through five years		100,212
Due after five years through ten years		37,903
Due after ten years	[1]	99,183
Fair value		$ 238,298	$ 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_3

Loans Receivable Held for Investment, Summary (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 648,780		$ 652,220
Unamortized net deferred loan costs and premiums		1,902		1,526
Gross loans receivable		650,682		653,746
Credit and interest marks on purchased loans, net		(852)		(1,842)
Allowance for loan losses		(2,962)	$ (3,539)	(3,391)	$ (3,296)	$ (3,215)	$ (3,215)
Loans receivable, net		646,868		648,513
Real Estate [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		32,597		45,372
Gross loans receivable		32,643		45,372
Allowance for loan losses		(120)	(157)	(145)	(170)	(275)	(296)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		405,140		393,704
Gross loans receivable		407,236		395,230
Allowance for loan losses		(2,278)	(2,771)	(2,657)	(2,606)	(2,473)	(2,433)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		85,156		93,193
Gross loans receivable		85,108		93,193
Allowance for loan losses		(153)	(217)	(236)	(227)	(219)	(222)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		20,626		22,503
Gross loans receivable		20,577		22,503
Allowance for loan losses		(48)	(63)	(103)	(208)	(221)	(237)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		36,168		32,072
Gross loans receivable		36,026		32,072
Allowance for loan losses		(221)	(236)	(212)	(81)	(22)	(22)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		64,591		46,539
Gross loans receivable		69,041		46,539
Allowance for loan losses		(138)	(95)	(23)	(4)	(5)	(4)
Commercial - Other [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 3,600		18,000
Loans receivable, interest rate		1%
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	[1]	$ 4,451		18,837
Gross loans receivable		4,451		18,837
Allowance for loan losses				(15)
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		51		0
Gross loans receivable		51		18,837
Allowance for loan losses		$ (4)	$ 0	$ (15)	$ 0	$ 0	$ (1)
[1]Including Paycheck Protection Program (PPP) loans.

Loans Receivable Held for Inv_4

Loans Receivable Held for Investment, Purchased Credit Impaired (PCI) Loans (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) Loan
Purchased Credit Impaired Loans [Abstract]
Number of acquired loans with evidence of credit deterioration of credit quality since origination at acquisition | Loan	0		0
Loans receivable	$ 646,868		$ 646,868		$ 648,513
Number of purchased credit impaired loans classified as nonaccrual | Loan	0		0		0
Purchased Credit Impaired Loans [Member]
Accretable Yield on Purchased Credit Impaired Loans [Roll Forward]
Balance at the beginning of the period	$ 165	$ 0	$ 883	$ 0
Deduction due to Payoffs	0		(707)
Additions		346		346
Accretion	5	19	16	19
Balance at the end of the period	160	$ 327	160	$ 327
Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	160		160		$ 883
Real Estate [Member] | Single Family [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	53		53		558
Real Estate [Member] | Commercial Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	0		0		221
Commercial - Other [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	$ 107		$ 107		$ 104

Loans Receivable Held for Inv_5

Loans Receivable Held for Investment, Activity in Allowance for Loan Losses by Loan Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	$ 3,539	$ 3,215	$ 3,391	$ 3,215
Provision for (recapture of) loan losses	(577)	81	(429)	81
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	2,962	3,296	2,962	3,296
Real Estate [Member] | Single Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	157	275	145	296
Provision for (recapture of) loan losses	(37)	(105)	(25)	(126)
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	120	170	120	170
Real Estate [Member] | Multi-Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	2,771	2,473	2,657	2,433
Provision for (recapture of) loan losses	(493)	133	(379)	173
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	2,278	2,606	2,278	2,606
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	217	219	236	222
Provision for (recapture of) loan losses	(64)	8	(83)	5
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	153	227	153	227
Real Estate [Member] | Church [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	63	221	103	237
Provision for (recapture of) loan losses	(15)	(13)	(55)	(29)
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	48	208	48	208
Real Estate [Member] | Construction [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	236	22	212	22
Provision for (recapture of) loan losses	(15)	59	9	59
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	221	81	221	81
Commercial - Other [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	95	5	23	4
Provision for (recapture of) loan losses	43	(1)	115	0
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	138	4	138	4
Consumer [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	0	0	15	1
Provision for (recapture of) loan losses	4	0	(11)	(1)
Recoveries	0	0	0	0
Loans charged off	0	0	0	0
Ending balance	$ 4	$ 0	$ 4	$ 0

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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	$ 7		$ 7
Collectively evaluated for impairment	2,955		3,384
Total ending allowance balance	2,962	$ 3,539	3,391	$ 3,296	$ 3,215	$ 3,215
Loans [Abstract]
Loans individually evaluated for impairment	2,197		2,301
Loans collectively evaluated for impairment	500,837		447,692
Subtotal	503,034		449,993
Loans acquired in the merger	147,648		203,753
Gross loans receivable	650,682		653,746
Real Estate [Member] | Single Family [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	3		3
Collectively evaluated for impairment	117		142
Total ending allowance balance	120	157	145	170	275	296
Loans [Abstract]
Loans individually evaluated for impairment	62		65
Loans collectively evaluated for impairment	22,849		32,599
Subtotal	22,911		32,664
Loans acquired in the merger	9,732		12,708
Gross loans receivable	32,643		45,372
Real Estate [Member] | Multi-Family [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,278		2,657
Total ending allowance balance	2,278	2,771	2,657	2,606	2,473	2,433
Loans [Abstract]
Loans individually evaluated for impairment	271		282
Loans collectively evaluated for impairment	375,409		353,179
Subtotal	375,680		353,461
Loans acquired in the merger	31,556		41,769
Gross loans receivable	407,236		395,230
Real Estate [Member] | Commercial Real Estate [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	153		236
Total ending allowance balance	153	217	236	227	219	222
Loans [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	18,748		25,507
Subtotal	18,748		25,507
Loans acquired in the merger	66,360		67,686
Gross loans receivable	85,108		93,193
Real Estate [Member] | Church [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	4		4
Collectively evaluated for impairment	44		99
Total ending allowance balance	48	63	103	208	221	237
Loans [Abstract]
Loans individually evaluated for impairment	1,864		1,954
Loans collectively evaluated for impairment	9,713		9,058
Subtotal	11,577		11,012
Loans acquired in the merger	9,000		11,491
Gross loans receivable	20,577		22,503
Real Estate [Member] | Construction [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	221		212
Total ending allowance balance	221	236	212	81	22	22
Loans [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	30,762		24,225
Subtotal	30,762		24,225
Loans acquired in the merger	5,264		7,847
Gross loans receivable	36,026		32,072
Commercial - Other [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	138		23
Total ending allowance balance	138	95	23	4	5	4
Loans [Abstract]
Loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	43,305		3,124
Subtotal	43,305		3,124
Loans acquired in the merger	25,736		43,415
Gross loans receivable	69,041		46,539
Consumer [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0
Collectively evaluated for impairment	4
Total ending allowance balance	4	$ 0	15	$ 0	$ 0	$ 1
Loans [Abstract]
Loans individually evaluated for impairment	0
Loans collectively evaluated for impairment	51
Subtotal	51
Loans acquired in the merger	0
Gross loans receivable	51		18,837
SBA Loans [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	$ 4,451		$ 18,837

Loans Receivable Held for Inv_7

Loans Receivable Held for Investment, Loans Individually Evaluated for Impairment by Loan Type (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
With an Allowance Recorded [Abstract]
Allowance for loan losses allocated	$ 7	$ 7
Total [Abstract]
Unpaid principal balance	2,510	2,301
Recorded investment	2,197	2,301
Real Estate [Member] | Single Family [Member]
With an Allowance Recorded [Abstract]
Unpaid principal balance	62	65
Recorded investment	62	65
Allowance for loan losses allocated	3	3
Real Estate [Member] | Multi-Family [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	271	282
Recorded investment	271	282
Real Estate [Member] | Church [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	2,085	1,854
Recorded investment	1,772	1,854
With an Allowance Recorded [Abstract]
Unpaid principal balance	92	100
Recorded investment	92	100
Allowance for loan losses allocated	$ 4	$ 4

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	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	$ 2,534	$ 4,361	$ 2,550	$ 4,512
Cash basis interest income recognized	31	72	62	147
Foregone interest income	23	19	54	38
Real Estate [Member] | Single Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	63	316	64	426
Cash basis interest income recognized	1	4	2	10
Real Estate [Member] | Multi-Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	274	292	276	294
Cash basis interest income recognized	5	5	10	10
Real Estate [Member] | Church [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	2,197	3,742	2,210	3,766
Cash basis interest income recognized	25	63	50	126
Commercial - Other [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	0	11	0	26
Cash basis interest income recognized	$ 0	$ 0	$ 0	$ 1

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	Jun. 30, 2022	Dec. 31, 2021
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 650,682	$ 653,746
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	2,423
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	0	2,423
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	650,682	651,323
Real Estate [Member] | Single Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	32,643	45,372
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	32,643	45,372
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	407,236	395,230
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	407,236	395,230
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	85,108	93,193
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	0	2,423
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	0	2,423
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	85,108	90,770
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	20,577	22,503
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	20,577	22,503
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	36,026	32,072
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	36,026	32,072
Commercial - Other [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	64,590	46,539
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	64,590	46,539
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	4,451	18,837
SBA Loans [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0
SBA Loans [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0
SBA Loans [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0
SBA Loans [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0
SBA Loans [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	4,451
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	51	18,837
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	$ 51	$ 18,837

Loans Receivable Held for In_10

Loans Receivable Held for Investment, Recorded Investment in Non-accrual Loans by Loan Type (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 627	$ 684
Loans 90 days or more delinquent that were accruing interest	0	0
Recorded total loans	650,682	653,746
Delinquent [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans	0	2,423
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	627	684
Recorded total loans	20,577	22,503
Real Estate [Member] | Delinquent [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans	$ 0	$ 0

Loans Receivable Held for In_11

Loans Receivable Held for Investment, Troubled Debt Restructurings (TDRs) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 Loan	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 Loan	Dec. 31, 2021 USD ($)
Troubled Debt Restructurings (TDRs) [Abstract]
Loans classified as troubled debt restructurings	$ 2,000		$ 2,000		$ 1,800
Specific reserves allocated to TDRs	7		$ 7		7
Timely payment period for return to accrual status			6 months
Commitments to lend additional amounts to customers with TDRs	$ 0		$ 0		0
Number of loans modified | Loan	0	0	0	0
Non-accrual Status [Member]
Troubled Debt Restructurings (TDRs) [Abstract]
Loans classified as troubled debt restructurings	$ 164		$ 164		188
Accrual Status [Member]
Troubled Debt Restructurings (TDRs) [Abstract]
Loans classified as troubled debt restructurings	$ 1,900		$ 1,900		$ 1,600

Loans Receivable Held for In_12

Loans Receivable Held for Investment, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 650,682	$ 653,746
Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	566,194	573,048
Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	58,096	50,465
Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	10,411	10,865
Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	15,974	19,368
Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7	0
Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Single Family [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	32,643	45,372
Real Estate [Member] | Single Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	31,607	42,454
Real Estate [Member] | Single Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	363	1,343
Real Estate [Member] | Single Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	265	271
Real Estate [Member] | Single Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	408	1,304
Real Estate [Member] | Single Family [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Single Family [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Multi-Family [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	407,236	395,230
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	390,186	378,141
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,694	7,987
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,216	575
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,140	8,527
Real Estate [Member] | Multi-Family [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Multi-Family [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Commercial Real Estate [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	85,108	93,193
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	66,110	69,257
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,338	7,034
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	5,930	9,847
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,730	7,055
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Church [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	20,577	22,503
Real Estate [Member] | Church [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	16,086	20,021
Real Estate [Member] | Church [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,095	0
Real Estate [Member] | Church [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Church [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,396	2,482
Real Estate [Member] | Church [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Church [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Construction [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	36,026	32,072
Real Estate [Member] | Construction [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,998	10,522
Real Estate [Member] | Construction [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	27,028	21,550
Real Estate [Member] | Construction [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Construction [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Construction [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Construction [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Commercial - Other [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	64,590	46,539
Commercial - Other [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	49,367	33,988
Commercial - Other [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	14,916	12,551
Commercial - Other [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Commercial - Other [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	300	0
Commercial - Other [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7	0
Commercial - Other [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
SBA Loans [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,451	18,837
SBA Loans [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	3,789	18,665
SBA Loans [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	662	0
SBA Loans [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	172
SBA Loans [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
SBA Loans [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
SBA Loans [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Consumer [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	51	$ 18,837
Consumer [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	51
Consumer [Member] | Watch [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] | Substandard [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] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 0

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 01, 2021	Jun. 30, 2022	Jun. 30, 2021
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance, beginning of period		$ 25,996
Additions	$ 26,000	0
Change in deferred tax estimate		(138)	$ 0
Balance, end of period		25,858
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance, beginning of period		2,936
Amortization		0
Balance, end of period		2,719
Core Deposit Intangible [Member]
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance, beginning of period		2,936
Additions	$ 3,300	0
Change in deferred tax estimate		0
Amortization		(217)
Balance, end of period		$ 2,719

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Components of Carrying Amount of Core Deposit Intangible (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Net core deposit intangible	$ 2,719	$ 2,936
Core Deposits [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Core deposit intangible acquired	3,329
Less: accumulated amortization	(610)
Net core deposit intangible	$ 2,719	$ 2,936

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 2,719	$ 2,936
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
2022	219
2023	390
2024	336
2025	315
2026	304
Thereafter	1,155
Net core deposit intangible	$ 2,719	$ 2,936

Borrowings, Liabilities Securit

Borrowings, Liabilities Securities Sold under Agreements to Repurchase (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 67,292	$ 51,960
Securities collateral pledged	$ 72,700	$ 53,200
Weighted average rate on repurchase agreements	0.22%	0.10%
U.S. Government Agency Securities [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	$ 35,100	$ 13,300
Mortgage Backed Securities [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	27,600	39,900
Federal Agency CMO [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	3,800	4,200
SBA Pools [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	$ 6,200	$ 9,800

Borrowings, Other Borrowings (D

Borrowings, Other Borrowings (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) Note	Dec. 31, 2021 USD ($)
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks	$ 32,932	$ 85,952
Loans receivable	646,868	648,513
Notes payable	$ 14,000	14,000
Number of notes payables | Note	2
FHLB of Atlanta [Member]
Debt Instrument [Abstract]
FHLB advances, additional amount eligible to borrow	$ 13,800
Note A [Member]
Debt Instrument [Abstract]
Debt instrument, maturity date	Dec. 01, 2040
Notes payable	$ 9,900
Interest rate	5.20%
Note B [Member]
Debt Instrument [Abstract]
Debt instrument, maturity date	Dec. 01, 2040
Notes payable	$ 4,100
Interest rate	0.24%
Federal Home Loan Bank Advances [Member]
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks	$ 32,900	$ 86,000
Weighted average interest rate	1.34%	1.85%
Weighted average contractual maturity	32 months	22 months
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member]
Debt Instrument [Abstract]
Loans receivable	$ 63,400	$ 165,000
Federal Home Loan Bank Advances [Member] | FHLB of Atlanta [Member]
Debt Instrument [Abstract]
Borrowings approved amount, in terms of percentage on total assets	25%

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 238,298	$ 156,396
Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	83,102	70,030
Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	26,820	9,287
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	48,874	37,988
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,339	4,915
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	61,180	17,951
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	13,983	16,225
Recurring Basis [Member] | Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	83,102	70,030
Recurring Basis [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	26,820	9,287
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	48,874	37,988
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,339	4,915
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	61,180	17,951
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	13,983	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	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	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	0
Recurring Basis [Member] | 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	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	83,102	70,030
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	26,820	9,287
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	48,874	37,988
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,339	4,915
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	61,180	17,951
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	13,983	16,225
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 CMO [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	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	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 0	$ 0

Fair Value, Assets Measured o_2

Fair Value, Assets Measured on Non-Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Non-Recurring Basis [Member] | Impaired Loans Carried at Fair Value [Member]
Assets Measured on Non-Recurring Basis [Abstract]
Assets, fair value	$ 0	$ 0

Fair Value, Fair Values of Fina

Fair Value, Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial Assets [Abstract]
Securities available-for-sale	$ 238,298	$ 156,396
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	280,137	231,520
Securities available-for-sale	238,298	156,396
Loans receivable held for investment	646,868	648,513
Accrued interest receivables	2,694	3,372
Bank owned life insurance	3,211	3,190
Financial Liabilities [Abstract]
Deposits	816,177	788,052
Federal Home Loan Bank advances	32,932	85,952
Securities sold under agreements to repurchase	67,292	51,960
Note payable	14,000	14,000
Accrued interest payable	241	119
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	280,137	231,520
Securities available-for-sale	238,298	156,396
Loans receivable held for investment	607,927	623,778
Accrued interest receivables	2,694	3,372
Bank owned life insurance	3,211	3,190
Financial Liabilities [Abstract]
Deposits	731,780	754,181
Federal Home Loan Bank advances	31,581	87,082
Securities sold under agreements to repurchase	62,716	51,960
Note payable	14,000	14,000
Accrued interest payable	241	119
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	280,137	231,520
Securities available-for-sale	0	0
Loans receivable held for investment	0	0
Accrued interest receivables	162	19
Bank owned life insurance	3,211	3,190
Financial Liabilities [Abstract]
Deposits	0	0
Federal Home Loan Bank advances	0	0
Securities sold under agreements to repurchase	0	0
Note payable	0	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	238,298	156,396
Loans receivable held for investment	0	0
Accrued interest receivables	475	1,089
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	731,780	754,181
Federal Home Loan Bank advances	31,581	87,082
Securities sold under agreements to repurchase	62,716	51,960
Note payable	0	0
Accrued interest payable	241	119
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	607,927	623,778
Accrued interest receivables	2,057	2,264
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	0	0
Federal Home Loan Bank advances	0	0
Securities sold under agreements to repurchase	0	0
Note payable	14,000	14,000
Accrued interest payable	$ 0	$ 0

Stock-based Compensation, Long-

Stock-based Compensation, Long-Term Incentive Plan (Details) - 2018 LTIP [Member] - USD ($) $ in Thousands	1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2022	Feb. 28, 2022	Feb. 28, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2018
Stock-based Compensation [Abstract]
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)				949,362		949,362
Shares available for awards (in shares)				343,747		343,747
Directors [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)		47,187	20,736
Restricted stock awards vested (in shares)		47,187	20,736
Stock based compensation expense				$ 0	$ 0	$ 84	$ 45
Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)	495,262							0
Stock based compensation expense				$ 43	$ 0	$ 58	$ 162
Officers and Employees [Member] | Restricted Stock [Member] | Minimum [Member]
Stock-based Compensation [Abstract]
Award vesting period						36 years
Officers and Employees [Member] | Restricted Stock [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Award vesting period						60 years

Stock-based Compensation, Stock

Stock-based Compensation, Stock Option Activity (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Number Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)			450,000	455,000
Granted during period (in shares)			0	0
Exercised during period (in shares)			0	0
Forfeited or expired during period (in shares)			(200,000)	(5,000)
Outstanding at end of period (in shares)	250,000	450,000	250,000	450,000
Exercisable at end of period (in shares)	250,000	360,000	250,000	360,000
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of period (in dollars per share)			$ 1.62	$ 1.67
Granted during period (in dollars per share)			0	0
Exercised during period (in dollars per share)			0	0
Forfeited or expired during period (in dollars per share)			0	6
Outstanding at end of period (in dollars per share)	$ 1.62	$ 1.62	1.62	1.62
Exercisable at end of period (in dollars per share)	$ 1.62	$ 1.62	$ 1.62	$ 1.62
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense	$ 0	$ 0	$ 0	$ 7

Stock-based Compensation, Optio

Stock-based Compensation, Options Outstanding and Exercisable (Details) - Stock Options [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	250,000
Weighted Average Remaining Contractual Life	3 years 7 months 17 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62
Aggregate Intrinsic Value | $	$ 0
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	250,000
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62
Aggregate Intrinsic Value | $	$ 0

ESOP Plan (Details)

ESOP Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
ESOP Plan [Abstract]
Number of common stock purchased by ESOP (in shares)	1,493,679
Purchase price of common stock (in dollars per share)	$ 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		$ 27	$ 25	$ 45	$ 47
Shares Held by ESOP [Abstract]
Allocated to participants (in shares)		1,062,326		1,062,326		1,065,275
Committed to be released (in shares)		30,192		30,192		10,236
Suspense shares (in shares)		501,490		501,490		562,391
Total ESOP shares (in shares)		1,594,008		1,594,008		1,637,902
Fair value of unearned shares		$ 532		$ 532		$ 1,040
Unearned ESOP shares		$ 797		$ 797		$ 829

Stockholders' Equity and Regu_3

Stockholders' Equity and Regulatory Matters (Details) $ / shares in Units, $ in Thousands		3 Months Ended
	Jun. 07, 2022 USD ($) shares	Mar. 31, 2022 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Actual [Abstract]
Community Bank Leverage Ratio, Amount			$ 171,773	$ 98,590
Community Bank Leverage Ratio, Ratio			0.1587	0.0932
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount			$ 92,005	$ 89,871
Community Bank Leverage Ratio, Ratio			0.0900	0.0850
Non-Cumulative Perpetual Preferred Stock, Series C [Member]
Stockholders' Equity [Abstract]
Preferred stock, shares issued (in shares) | shares	150,000		150,000	0
Capital investment	$ 150,000		$ 150,000	$ 0
Preferred initial dividend rate for first two years after issuance	0%
Preferred stock, period for initial dividend rate	2 years
Floor dividend rate	0.50%
Ceiling dividend rate	2%
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]
Stockholders' Equity [Abstract]
Preferred stock, aggregate liquidation rate		$ 3,000
Preferred stock, shares issued (in shares) | shares			0	3,000
Capital investment			$ 0	$ 3,000
Common Class A [Member]
Stockholders' Equity [Abstract]
Common stock, shares upon conversion from preferred stock (in shares) | shares		1,193,317
Exchange price (in dollars per share) | $ / shares		$ 2.51

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Valuation Allowance [Abstract]
Cumulative losses lookback period	2 years
Deferred tax assets, valuation allowance	$ 369

Concentration of Credit Risk (D

Concentration of Credit Risk (Details) - Customer Concentration Risk [Member]	6 Months Ended
	Jun. 30, 2022 Customer
Deposits [Member]
Concentration Percentage [Abstract]
Number of significant customers	1
Deposits [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	16%
Securities Sold under Agreements to Repurchase [Member]
Concentration Percentage [Abstract]
Number of significant customers	1
Securities Sold under Agreements to Repurchase [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	80%