Broadway Financial (BYFC) 10-K 11 Apr 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Mar. 27, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-39043
Entity Registrant Name	BROADWAY FINANCIAL CORPORATION
Entity Central Index Key	0001001171
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4547287
Entity Address, Address Line One	4601 Wilshire Boulevard, Suite 150
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	634-1700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BYFC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Entity Public Float			$ 68.2
Auditor Firm ID	659
Auditor Name	Moss Adams LLP
Auditor Location	Sacramento, California
Class A Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		48,721,223
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		13,380,516

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 7,459	$ 38,418
Interest-bearing deposits in other banks	8,646	193,102
Cash and cash equivalents	16,105	231,520
Securities available-for-sale, at fair value	328,749	156,396
Loans receivable held for investment, net of allowance of $4,388 and $3,391	768,046	648,513
Accrued interest receivable	3,973	3,372
Federal Home Loan Bank (FHLB) stock	5,535	2,573
Federal Reserve Bank (FRB) stock	5,264	693
Office properties and equipment, net	10,291	10,344
Bank owned life insurance	3,233	3,190
Deferred tax assets, net	11,872	6,101
Core deposit intangible, net	2,501	2,936
Goodwill	25,858	25,996
Other assets	2,866	1,871
Total assets	1,184,293	1,093,505
Liabilities:
Deposits	686,916	788,052
Securities sold under agreements to repurchase	63,471	51,960
FHLB advances	128,344	85,952
Notes payable	14,000	14,000
Accrued expenses and other liabilities	11,910	12,441
Total liabilities	904,641	952,405
Stockholders' Equity:
Additional paid-in capital	143,491	140,289
Retained earnings	9,294	3,673
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,265)	(829)
Accumulated other comprehensive loss, net of tax	(17,473)	(551)
Treasury stock-at cost, 2,617,826 shares at December 31, 2022 and at December 31, 2021	(5,326)	(5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity	279,482	141,000
Non-controlling interest	170	100
Total liabilities and stockholders' equity	1,184,293	1,093,505
Cumulative Redeemable Perpetual Preferred Stock, Series A [Member]
Stockholders' Equity:
Preferred stock	0	3,000
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Stockholders' Equity:
Preferred stock	150,000	0
Class A Voting Common Stock [Member]
Stockholders' Equity:
Common stock	513	463
Class B Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock	114	114
Class C Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock	$ 134	$ 167

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Allowance for loan losses	$ 4,388	$ 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)	51,265,209	46,291,852
Common stock, shares outstanding (in shares)	48,647,383	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)	13,380,516	16,689,775
Common stock, shares outstanding (in shares)	13,380,516	16,689,775

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Interest and fees on loans receivable	$ 28,732	$ 22,831
Interest on available-for-sale securities	5,596	1,396
Other interest income	1,941	525
Total interest income	36,269	24,752
Interest expense:
Interest on deposits	2,104	1,676
Interest on borrowings	1,305	2,073
Total interest expense	3,409	3,749
Net interest income	32,860	21,003
Loan loss provision	997	176
Net interest income after loan loss provision	31,863	20,827
Non-interest income:
Service charges	145	249
CDFI Grant	0	2,043
Other	1,050	922
Total non-interest income	1,195	3,214
Non-interest expense:
Compensation and benefits	14,303	16,007
Occupancy expense	1,615	1,781
Information services	2,933	3,817
Professional services	2,758	3,701
Supervisory costs	413	493
Office services and supplies	174	284
Corporate insurance	231	345
Amortization of core deposit intangible	435	393
Other	2,077	2,106
Total non-interest expense	24,939	28,927
Income (loss) before income taxes	8,119	(4,886)
Income tax expense (benefit)	2,413	(937)
Net income (loss)	5,706	(3,949)
Less: Net income attributable to non-controlling interest	70	101
Net income (loss) attributable to Broadway Financial Corporation	5,636	(4,050)
Other comprehensive loss, net of tax:
Unrealized losses on securities available-for-sale arising during the period	(24,047)	(998)
Income tax benefit	(7,125)	(283)
Other comprehensive loss, net of tax	(16,922)	(715)
Comprehensive loss	$ (11,286)	$ (4,765)
Earnings (loss) per common share-basic (in dollars per share)	$ 0.08	$ (0.07)
Earnings (loss) per common share-diluted (in dollars per share)	$ 0.08	$ (0.07)

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 Loss [Member]	Retained Earnings (Substantially Restricted) [Member]	Unearned ESOP Shares [Member]	Treasury Stock [Member]	Non-controlling Interest [Member]	Total
Balance at Dec. 31, 2020	$ 0	$ 219	$ 87	$ 46,851	$ 164	$ 7,783	$ (893)	$ (5,326)	$ 0	$ 48,885
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	0	0	(4,050)	0	0	101	(3,949)
Preferred shares issued in business combination	3,000	0	0	0	0	0	0	0	0	3,000
Common shares issued in business combination	0	140	114	62,839	0	0	0	0	164	63,257
Release of unearned ESOP shares	0	0	0	45	0	0	64	0	0	109
Restricted stock compensation expense	0	0	0	363	0	0	0	0	0	363
Director stock compensation expense	0	0	0	45	0	0	0	0	0	45
Stock option compensation expense	0	0	0	7	0	0	0	0	0	7
Conversion of preferred shares to common shares	0	0	0	0	0	0	0	0	0	0
Share 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
Common stock cancelled for payment of tax withholding	0	(1)	0	(513)	0	0	0	0	0	(514)
Payment to non-controlling interest	0	0	0	0	0	0	0	0	(165)	(165)
Dividends paid on preferred stock	0	0	0	0	0	(60)	0	0	0	(60)
Other comprehensive loss, net of tax	0	0	0	0	(715)	0	0	0	0	(715)
Balance at Dec. 31, 2021	3,000	463	281	140,289	(551)	3,673	(829)	(5,326)	100	141,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0	0	0	0	5,636	0	0	70	5,706
Preferred shares issued in business combination	150,000	0	0	0	0	0	0	0	0	150,000
Release of unearned ESOP shares	0	0	0	2	0	0	64	0	0	66
Increase in unreleased shares	0	0	0	0	0	0	(500)	0	0	(500)
Restricted stock compensation expense	0	5	0	128	0	0	0	0	0	133
Director stock compensation expense	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	33	(33)	0	0	0	0	0	0	0
Dividends paid on preferred stock	0	0	0	0	0	(15)	0	0	0	(15)
Other comprehensive loss, net of tax	0	0	0	0	(16,922)	0	0	0	0	(16,922)
Balance at Dec. 31, 2022	$ 150,000	$ 513	$ 248	$ 143,491	$ (17,473)	$ 9,294	$ (1,265)	$ (5,326)	$ 170	$ 279,652

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 5,706	$ (3,949)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loan loss provision	997	176
Depreciation	376	287
Net change of deferred loan origination costs	229	(229)
Net amortization of premiums & discounts on available-for-sale securities	(225)	643
(Accretion) amortization of purchase accounting marks on loans	(831)	58
Amortization of core deposit intangible	435	393
Accretion of premium on FHLB advances	(38)	(38)
Valuation allowance on deferred tax asset	0	369
ESOP compensation expense	66	109
Earnings on bank owned life insurance	(43)	(43)
Change in assets and liabilities:
Net change in deferred taxes	1,492	(1,272)
Net change in accrued interest receivable	(601)	(533)
Net change in other assets	(995)	908
Net change in accrued expenses and other liabilities	(461)	3,330
Net cash provided by operating activities	6,324	624
Cash flows from investing activities:
Cash acquired in merger	0	84,745
Net change in loans receivable held for investment	(119,928)	(62,504)
Principal payments and maturities on available-for-sale securities	19,325	19,159
Purchase of available-for-sale securities	(215,500)	(16,523)
Purchase of FRB stock	(4,571)	0
Purchase of FHLB stock	(5,414)	(152)
Proceeds from redemption of FHLB stock	2,452	1,378
Purchase of office properties and equipment	(323)	(1,138)
Net cash (used in) provided by investing activities	(323,959)	24,965
Cash flows from financing activities:
Net change in deposits	(101,136)	118,700
Net change in securities sold under agreements to repurchase	11,511	(7,985)
Increase in unreleased ESOP shares	(500)	0
Proceeds from issuance of preferred stock	150,000	0
Proceeds from issuance of common stock, net of issuance costs	0	30,837
Dividends paid on preferred stock	(15)	(60)
Distributions to non-controlling interest	0	(165)
Proceeds from FHLB advances	95,500	5,000
Repayments of FHLB advances	(53,140)	(32,676)
Stock cancelled for income tax withholding	0	(514)
Repayments of junior subordinated debentures	0	(3,315)
Net cash provided by financing activities	102,220	109,822
Net change in cash and cash equivalents	(215,415)	135,411
Cash and cash equivalents at beginning of the period	231,520	96,109
Cash and cash equivalents at end of the period	16,105	231,520
Supplemental disclosures of cash flow information:
Cash paid for interest	3,053	3,716
Cash paid for income taxes	332	711
Supplemental non-cash disclosures:
Right-of-use assets obtained in exchange for operating lease liabilities	0	1,119
Common stock issued in exchange for preferred stock	3,000	0
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	(138)	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	138	(717)
Accrued expenses and other liabilities	0	(4,063)
Employees, Excluding Directors [Member]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense	133	370
Directors [Member]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense	$ 84	$ 45

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Nature of Operations and Principles of Consolidation Broadway Financial Corporation was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association as part of the bank’s conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the bank’s name was changed to Broadway Federal Bank, f.s.b. (“Broadway Federal”). The conversion was completed, and the Broadway Federal became a wholly‑owned subsidiary of the Company, in January 1996. On April 1, 2021, the Company completed its merger with CFBanc Corporation, with the Company continuing as the surviving entity. Immediately following the CFBanc Merger, Broadway Federal merged with and into City First Bank of D.C., National Association with City First Bank of D.C., National Association (the“Bank”) continuing as the surviving entity (combined with Broadway Federal). Concurrently with the Merger, the Bank changed its name to City First Bank, National Association. The Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in the Bank’s market areas. At December 31, 2022, the Bank operated three retail‑banking offices: Los Angeles and in the nearby city of Inglewood in California, and another in Washington, D.C. The Bank is subject to significant competition from other financial institutions and is also subject to regulation by certain federal agencies and undergoes periodic examinations by those regulatory authorities. The accompanying consolidated financial statements include Broadway Financial Corporation and its wholly owned subsidiary, City First Bank, National Association (together with the Company, “City First Broadway”). Also included in the consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. The results of Broadway Service Corporation, a wholly owned subsidiary of the Bank, are also included in the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ from these estimates. The allowance and provision for loan losses, specific reserves for impaired loans, fair value of acquired assets and liabilities in business combinations, Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, amounts due from correspondent banks and the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and interest‑bearing deposits in other banks with initial terms of ninety days or less. The Company may be required to maintain reserve and clearing balances with the Federal Reserve Bank under the Federal Reserve Act of 1913, as amended. Effective on March 26, 2020, as a part of Federal Reserve Bank’s tools to promote maximum employment, Federal Reserve Bank Board reduced reserve requirement ratios to zero. The reserve and clearing requirement balance were no longer required at December 31, 2022. Net cash flows are reported for customer loan and deposit transactions, interest‑bearing deposits in other banks, deferred income taxes and other assets and liabilities. Investment Securities Debt securities are classified as held‑to‑maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available‑for‑sale when they might be sold before maturity. Securities available‑for‑sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level‑yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other‑than‑temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Consideration is given to the financial condition and near‑term prospects of the issuer, the length of time and the extent to which the fair value has been less than the cost, and the intent and ability of management to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. Loans Receivable Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of allowance for loan losses, deferred loan fees and costs and unamortized premiums and discounts. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, premiums and discounts are deferred, and recognized in income using the level‑yield method without anticipating prepayments. Interest income on all loans is discontinued at the time the loan is 90 days delinquent unless the loan is well‑secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non‑accrual or charged‑off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on non‑accrual is reversed against interest income. Interest received on such loans is accounted for on the cash‑basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Concentration of Credit Risk Concentrations of credit risk arise when several customers are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s lending activities are predominantly in real estate loans that are secured by properties located in Southern California and in Washington, D.C. and many of the borrowers reside in those areas. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy and real estate market in the markets in which the Company operates. Loans Purchased The Bank purchases or participates in loans originated by other institutions from time to time. Subject to regulatory restrictions applicable to savings institutions, the Bank’s current loan policies allow all loan types to be purchased. The determination to purchase specific loans or pools of loans is based upon the Bank’s investment needs and market opportunities and is subject to the Bank’s underwriting policies, which require consideration of the financial condition of the borrower and the appraised value of the property, among other factors. Premiums or discounts incurred upon the purchase of loans are recognized in income using the interest method over the estimated life of the loans, adjusted for actual prepayments. No loans were purchased during 2022 and 2021. Purchased Credit Impaired Loans As part the Company’s merger with CFBanc, the Company acquired certain loans that have shown evidence of credit deterioration since origination; these loans are referred to as purchased credit impaired loans. These PCI loans are recorded at their fair value at acquisition, such that there is no carryover of the seller’s allowance for loan losses. Such PCI loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each PCI loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the PCI loan, expected cash flows continue to be estimated each quarter. If the present value of expected cash flows decreases from the prior estimate, a provision for loan losses is recorded and an allowance for loan losses is established. If the present value of expected cash flows increases from the prior estimate, the increase is recognized as part of future interest income. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment. Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent cash recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, could be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on case‑by‑case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, either a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or alternatively a charge‑off is taken to record the loan at the fair value of the collateral, less estimated selling costs, if repayment is expected solely from the collateral. TDRs are individually evaluated for impairment and included in the separately identified impairment disclosures. TDRs are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of any necessary additional charge‑off based on internal analyses and appraisals of the underlying collateral securing these loans. The general component covers loans that are collectively evaluated for impairment and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment with the use of a loss migration analysis and is based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is supplemented with information about other current economic factors based on the risks present for each portfolio segment. These current economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge‑offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. The following portfolio segments have been identified: one‑to‑four units (“single family”), five or more units (“multi‑family”), commercial real estate, church, construction, commercial loans, and consumer loans. The risks in our various portfolio segments are as follows: Single Family Multi‑Family Commercial Real Estate Church Construction Commercial Consumer Business Combinations Business combinations are accounted for using the acquisition accounting method. Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on the acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and that are determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed. The Company has selected November 30th as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Company’s consolidated statement of financial condition. Core deposit intangible assets arising from mergers and acquisitions are amortized on an accelerated basis reflecting the pattern in which the economic benefits of the intangible asset are consumed or otherwise used up. The estimated life of the core deposit intangible is approximately 10 years. Office Properties and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight‑line method with useful lives ranging from 10 to 40 years. Furniture, fixtures, and equipment are depreciated using the straight‑line method with useful lives ranging from 3 to 10 years. Leasehold improvements are amortized over the lease term or the estimated useful life of the asset, whichever is shorter. Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock The Bank is a member of the FHLB and FRB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of their par value. Both cash and stock dividends are reported as income when declared. Bank‑Owned Life Insurance The Bank has purchased life insurance policies on a former key executive. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Investment in Affordable Housing Limited Partnership The Bank owns a less than 5% interest in an affordable housing limited partnership. The investment is recorded using the cost method and is being amortized over the life of the related tax credits. The tax credits are being recognized in income tax expense in the consolidated financial statements to the extent they are utilized on the Company’s income tax returns. The investment is reviewed for impairment on an annual basis or on an interim basis if an event occurs that would trigger potential impairment. Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Variable Interest Entities (“VIE”) An entity is considered to be a VIE when it does not have sufficient equity investment at risk, the equity investors as a group lack the characteristics of a controlling financial interest, or the entity is structured with disproportionate voting rights and substantially all of the entity’s activities are conducted on behalf of an investor with disproportionately few voting rights. The Company is required to consolidate a VIE when it holds a variable interest in the VIE and is also the primary beneficiary of the VIE. CFC 45 is a Community Development Entity (“CDE”), and is considered to be a VIE. The Company is the primary beneficiary because it has the power to direct activities that most significantly affect the economic performance of CFC 45 and has the obligation to absorb the majority of the losses or benefits of its financial performance. Noncontrolling Interests For consolidated subsidiaries that are less than wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The portion of net income attributable to noncontrolling interests for such subsidiaries is presented as net income applicable to noncontrolling interests on the consolidated statements of operations and comprehensive income, and the portion of the stockholders’ equity of such subsidiaries is presented as noncontrolling interests on the consolidated statements of financial condition and consolidated statements of changes in stockholders’ equity. Revenue Recognition Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires the Company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. Most of our revenue‑generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans and investment securities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. The Company’s revenue stream that is within the scope of Topic 606 is primarily service charges on deposit accounts, which consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Stock‑Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Compensation cost is recognized on a straight‑line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur. Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest related to income tax matters in interest expense and penalties related to tax matters in income tax expense. Retirement Plans Employee 401(k) expense is the amount of matching contributions made by the Company. Employee Stock Ownership Plan (ESOP) The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest. Earnings (Loss) Per Common Share Basic earnings (loss) per share of common stock is computed pursuant to the two‑class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards using treasury stock method and additional potential common shares issuable under stock options. For the year ended December 31, 2022, diluted earnings per share of common stock includes the dilutive effect of any unvested stock awards using the treasury stock method and the dilutive effect of any additional potential common shares issuable under stock options. Because the Company recorded losses for the year ended December 31, 2021, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in that year. Comprehensive Loss Comprehensive loss consists of the net income (loss) from operations and other comprehensive income or loss. Other comprehensive loss includes unrealized gains and losses on securities available‑for‑sale, net of tax, which are also recognized as separate components of equity. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe that any such matters existed as of the balance sheet date that will have a material effect on the consolidated financial statements. L eases The Company determines if an arrangement is a lease at inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are included in the Company’s consolidated financial statements. ROU assets represent the Company’s right-of-use of an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments pursuant to the Company’s leases. The ROU assets and liabilities are recognized at commencement of the lease based on the present value of lease payments over the lease term. To determine the present value of lease payments, the Company uses its incremental borrowing rate. The lease term may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair values are estimated using relevant market information and other assumptions, as more fully disclosed in Note 9 “Fair Value”. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Operating Segments The Company operates as a single segment. The operating information used by management to assess performance and make operating decisions about the Company is the consolidated financial data presented in these financial statements. For the years ended 2022 and 2021, the Company has determined that banking is its one reportable business segment. 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. Under ASU 2016-13, available-for-sale debt securities are evaluated for impairment if fair value is less than amortized cost, with any estimated credit losses recorded through a credit loss expense and an allowance, rather than a write-down of the investment. Changes in fair value that are not credit-related will continue to be recorded in other comprehensive income. For debt securities with other-than-temporary impairment, the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchased credit deteriorated (PCD) assets at the date of adoption. The asset will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. 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. 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 is currently finalizing the CECL model by validating the data, preparing supporting documentation, and developing policies and procedures. 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 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	12 Months Ended
	Dec. 31, 2022
Business Combination [Abstract]
Business Combination	Note 2 – Business Combination The Company completed its merger with CFBanc Corporation on April 1, 2021, with the Company continuing as the surviving entity. Immediately following this merger, Broadway Federal, a subsidiary of the Company, merged with and into City First Bank of D.C., National Association, with City First Bank of D.C., National Association continuing as the surviving entity (which concurrently changed its name to City First Bank, National Association). The Company recorded $5.6 million in direct transaction costs in connection with the merger during 2021, which were comprised of $3.2 million in compensation costs and $2.4 million in professional services costs. On April 1, 2021, (1) each share of CFBanc Corporation’s Class A Common Stock, par value $0.50 per share, and Class B Common Stock, par value $0.50 per share, issued and outstanding immediately prior to the CFBanc Merger was converted into 13.626 validly issued, fully paid and nonassessable shares, respectively, of the voting common stock of the Company, par value $0.01 per share, which were renamed Class A Common Stock, and a new class of non-voting common stock of the Company, par value $0.01 per share, which was named Class B Common Stock, and (2) each share of Fixed Rate Cumulative Redeemable Perpetual Preferred Stock, Series B, par value $0.50 per share, of CFBanc Corporation (“CFBanc Corporation Preferred Stock”) issued and outstanding immediately prior to the effective time of the CFBanc Merger was converted into one validly issued, fully paid and non-assessable share of a new series of preferred stock of the Company, which was designated as the Company’s Fixed Rate Cumulative Redeemable Perpetual Preferred Stock, Series A, with such rights, preferences, privileges and voting powers, and limitations and restrictions thereof, which taken as a whole, are not materially less favorable to the holders of CFBanc Corporation Preferred Stock than the rights, preferences, privileges and voting powers, and limitations and restrictions thereof of CFBanc Corporation Preferred Stock. The total value of the consideration transferred to CFBanc Corporation shareholders was approximately $66.3 million, which was based on the closing price of the Company’s common stock on March 31, 2021, the last trading day prior to the consummation of the merger. The Company accounted for the CFBanc Merger under the acquisition method of accounting which requires purchased assets and liabilities assumed to be recorded at their respective fair values at the date of acquisition. The Company determined the fair value of the acquired assets and assumed liabilities with the assistance of third-party valuation firms. Goodwill in the amount of $26.0 million was recognized in the CFBanc Merger. Goodwill represents the future economic benefits arising from net assets acquired that are not individually identified and separately recognized and are attributable to synergies expected to be derived from the combination of the two entities. Goodwill is not amortized for financial reporting purposes; rather, it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, by comparing its carrying value to the reporting unit’s fair value. Goodwill recognized in this transaction is not deductible for income tax purposes. The following table represents the assets acquired and liabilities assumed in the CFBanc Merger as of April 1, 2021, and the fair value adjustments and amounts recorded by the Company as of the same date under the acquisition method of accounting: CFBanc Book Value Fair Value Adjustments Fair Value Assets acquired (In thousands) Cash and cash equivalents $ 84,745 $ – $ 84,745 Securities available-for-sale 150,052 (77 ) 149,975 Loans receivable held for investment: Gross loans receivable held for investment 227,669 (1,784 ) 225,885 Deferred fees and costs (315 ) 315 – Allowance for loan losses (2,178 ) 2,178 – 225,176 709 225,885 Accrued interest receivable 1,637 – 1,637 FHLB and FRB stock 1,061 – 1,061 Office properties and equipment 5,152 1,801 6,953 Deferred tax assets, net 890 (1,470 ) (580 ) Core deposit intangible – 3,329 3,329 Other assets 2,290 – 2,290 Total assets $ 471,003 $ 4,292 $ 475,295 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 $ 4,132 $ 40,399 Consideration paid 66,257 Goodwill recognized $ 25,858 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): Acquired Contractual amounts due $ 231,432 Cash flows not expected to be collected (3,666 ) Expected cash flows 227,766 Interest component of expected cash flows (1,881 ) Fair value of acquired loans $ 225,885 A component of total loans acquired from CFBanc were loans that were considered to be PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of the date of acquisition (in thousands): Contractual amounts due $ 1,825 Non-accretable difference (cash flows not expected to be collected) (634 ) Expected cash flows 1,191 Accretable yield (346 ) Fair value of acquired PCI loans $ 845 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.

Capital

Capital	12 Months Ended
	Dec. 31, 2022
Capital [Abstract]
Capital	Note 3 – Capital On June 7, 2022, the Company closed a private placement of shares of the Company’s Senior Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.01, pursuant to a Letter Agreement, dated as of June 7, 2022, with the United States Department of the Treasury. The Purchase Agreement was entered into pursuant to the Purchaser’s Emergency Capital Investment Program. Pursuant to the Purchase Agreement, the Purchaser acquired an aggregate of 150,000 shares of Series C Preferred Stock, for an aggregate purchase price equal to $150.0 million in cash. The liquidation value of the Series C Preferred Stock is $1,000 per share. This is non-cumulative redeemable perpetual preferred stock which does not have any voting rights, with the exception of voting rights on certain matters. The holders of Series C Preferred Stock will be entitled to a dividend payable in cash quarterly at an annual rate dependent on certain factors as reported by the Company to the Purchaser in a quarterly supplemental report, as set forth in the Purchase Agreement. The initial dividend rate 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%. On April 6, 2021, the Company completed the sale of 18,474,000 shares of Broadway Financial Corporation common stock in private placements to institutional and accredited investors at a purchase price of $1.78 per share for an aggregate purchase price of $30.8 million (net of expenses). The following table shows the common stock issued on April 1, 2021 as a result of the merger and on April 6, 2021 as a result of the private placements by class: Common Shares Outstanding Voting Class A Nonvoting Class B Nonvoting Class C Total Shares Shares outstanding March 31, 2021: 19,142,498 – 8,756,396 27,898,894 Shares issued in merger 13,999,870 11,404,621 – 25,404,491 Shares exchanged post-merger (681,300 ) – 681,300 – Shares cancelled (52,105 ) – – (52,105 ) Shares issued in private placements 11,221,921 – 7,252,079 18,474,000 Fractional shares cancelled (20 ) (3 ) – (23 ) Shares outstanding April 6, 2021: 43,630,864 11,404,618 16,689,775 71,725,257 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 value of $3.0 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.

Securities

Securities	12 Months Ended
	Dec. 31, 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 at December 31, 2022 and December 31, 2021 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) December 31, 2022: Federal agency mortgage-backed securities $ 84,955 $ 2 $ (10,788 ) $ 74,169 Federal agency CMOs 27,776 – (1,676 ) 26,100 Federal agency debt 55,687 26 (4,288 ) 51,425 Municipal bonds 4,866 – (669 ) 4,197 U. S. Treasuries 165,997 – (5,408 ) 160,589 SBA pools 14,048 9 (1,788 ) 12,269 Total available-for-sale securities $ 353,329 $ 37 $ (24,617 ) $ 328,749 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 There were no sales of securities during the years ended December 31, 2022 and 2021. The amortized cost and estimated fair value of all investment securities available-for-sale at December 31, 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 $ 4,997 $ – $ (107 ) $ 4,890 Due after one year through five years 214,003 – (8,871 ) 205,132 Due after five years through ten years 36,862 27 (3,228 ) 33,661 Due after ten years (1) 97,467 10 (12,411 ) 85,066 $ 353,329 $ 37 $ (24,617 ) $ 328,749 (1) Mortgage-backed securities, CMOs and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category. The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022: (In thousands) Federal agency mortgage-backed securities $ 38,380 $ (4,807 ) $ 35,526 $ (5,981 ) $ 73,906 $ (10,788 ) Federal agency CMOs 20,997 (885 ) 5,103 (791 ) 26,100 (1,676 ) Federal agency debt 26,383 (1,529 ) 21,956 (2,759 ) 48,339 (4,288 ) Municipal bonds 2,176 (315 ) 2,021 (354 ) 4,197 (669 ) U. S. Treasuries 143,989 (3,884 ) 16,600 (1,524 ) 160,589 (5,408 ) SBA pools 3,743 (365 ) 6,763 (1,423 ) 10,506 (1,788 ) Total unrealized loss position investment securities $ 235,668 $ (11,785 ) 87,969 $ (12,832 ) $ 323,637 $ (24,617 ) December 31, 2021: Federal agency mortgage-backed securities $ 49,265 $ (245 ) $ – $ – $ 49,265 $ (245 ) Federal agency CMOs 6,882 (115 ) – – 6,882 (115 ) Federal agency debt 25,413 (269 ) – – 25,413 (269 ) Municipal bonds 2,349 (23 ) – – 2,349 (23 ) U. S. Treasuries 17,950 (218 ) – – 17,950 (218 ) SBA pools 9,309 (138 ) – – 9,309 (138 ) Total unrealized loss position investment securities $ 111,168 $ (1,008 ) $ – $ – $ 111,168 $ (1,008 ) Securities with a market value of $64.4 million were pledged as collateral for securities sold under agreements to repurchase as of December 31, 2022 and included $33.3 million of federal agency debt, $19.2 million of U.S. Treasuries and $11.9 million of federal agency mortgage-backed securities. Securities with a market value of $53.2 million were pledged as collateral for securities sold under agreements to repurchase as of December 31, 2021 and included $25.9 million of federal agency mortgage-backed securities, $13.3 million of federal agency debt, $9.8 million of SBA pool, and $4.2 million of federal agency CMO. At December 31, 2022 and 2021, there were no securities pledged to secure public deposits since those public deposits are under $250 thousand which are fully insured by FDIC. At December 31, 2022 and 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	12 Months Ended
	Dec. 31, 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 periods indicated: December 31, 2022 December 31, 2021 (In thousands) Real estate: Single family $ 30,038 $ 45,372 Multi-family 502,141 393,704 Commercial real estate 114,574 93,193 Church 15,780 22,503 Construction 40,703 32,072 Commercial – other 64,841 46,539 SBA loans (1) 3,601 18,837 Consumer 11 – Gross loans receivable before deferred loan costs and premiums 771,689 652,220 Unamortized net deferred loan costs and premiums 1,755 1,526 773,444 653,746 Credit and interest marks on purchased loans, net (1,010 ) (1,842 ) Allowance for loan losses (4,388 ) (3,391 ) Loans receivable, net $ 768,046 $ 648,513 (1) Including Paycheck Protection Program (PPP) loans. As of December 31, 2022 and 2021, the commercial loan category above included $2.7 million and $18.0 million of loans issued under the SBA’s Paycheck Protection Program. PPP loans have terms of two The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: For the Year Ended December 31, 2022 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (36 ) 616 213 (38 ) 101 152 (11 ) 997 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 For the Year Ended December 31, 2021 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Provision for (recapture of) loan losses (151 ) 224 14 (134 ) 190 19 14 176 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 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 following table presents the carrying amount of these loans for the periods indicated: December 31, 2022 December 31, 2021 (In thousands) Real estate: Single family $ 68 $ 558 Commercial real estate – 221 Commercial – other 57 104 $ 125 $ 883 On the acquisition date, the amount by which the undiscounted expected cash flows of the PCI loans exceeded the estimated fair value of the loan is the accretable yield. The accretable yield is measured at each financial reporting date and represents the difference between the remaining undiscounted cash flows and the current carrying value of the PCI loan. At December 31, 2022, none of the Company’s PCI loans were classified as nonaccrual. The following table summarizes the accretable yield on the PCI loans for the periods ended: December 31, 2022 December 31, 2021 (In thousands) Balance at the beginning of the period $ 289 $ – Additions – 346 Accretion (262 ) (57 ) Balance at the end of the period $ 27 $ 289 The following tables present the balance in the allowance for loan losses and the recorded investment (unpaid contractual principal balance less charge‑offs, less interest applied to principal, plus unamortized deferred costs and premiums) by loan type and based on impairment method as of and for the periods indicated: December 31, 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 106 3,273 449 61 313 175 4 4,381 Total ending allowance balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 Loans: Loans individually evaluated for impairment $ 57 $ – $ – $ 1,655 $ – $ – $ – $ 1,712 Loans collectively evaluated for impairment 20,893 462,539 63,929 9,008 38,530 29,558 11 624,468 Subtotal 20,950 462,539 63,929 10,663 38,530 29,558 11 626,180 Loans acquired in the Merger 9,088 41,357 50,645 5,117 2,173 38,884 – 147,264 Total ending loans balance $ 30,038 $ 503,896 $ 114,574 $ 15,780 $ 40,703 $ 68,442 $ 11 $ 773,444 December 31, 2021 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 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 62,252 – 203,753 Total ending loans balance $ 45,372 $ 395,230 $ 93,193 $ 22,503 $ 32,072 $ 65,376 $ – $ 653,746 The following table presents information related to loans individually evaluated for impairment by loan type as of the periods indicated: December 31, 2022 December 31, 2021 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Multi-family $ – $ – $ – $ 282 $ 282 $ – Church 1,572 1,572 – 1,854 1,854 – With an allowance recorded: Single family 57 57 3 65 65 3 Church 83 83 4 100 100 4 Total $ 1,712 $ 1,712 $ 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: For the Year Ended December 31, 2022 For the Year Ended December 31, 2021 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 83 $ 3 $ 66 $ 5 Multi‑family – – 290 19 Church 2,381 103 2,310 176 Total $ 2,464 $ 106 $ 2,666 $ 200 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 $31 thousand and $71 thousand for the years ended December 31, 2022 and 2021, respectively, and were not included in the consolidated results of operations. The following tables present the aging of the recorded investment in past due loans by loan type as of the periods indicated: December 31, 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 $ – $ – $ – $ – $ 30,038 $ 30,038 Multi-family – – – – 503,896 503,896 Commercial real estate – – – – 114,574 114,574 Church – – – – 15,780 15,780 Construction – – – – 40,703 40,703 Commercial - other – – – – 64,841 64,841 SBA loans – – – – 3,601 3,601 Consumer – – – – 11 11 Total $ – $ – $ – $ – $ 773,444 $ 773,444 December 31, 2021 30‑59 Days Past Due 60‑89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single family $ – $ – $ – $ – $ 45,372 $ 45,372 Multi-family – – – – 395,230 395,230 Commercial real estate – 2,423 – 2,423 90,770 93,193 Church – – – – 22,503 22,503 Construction – – – – 32,072 32,072 Commercial - other – – – – 46,539 46,539 SBA loans – – – – 18,837 18,837 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 periods indicated: December 31, 2022 December 31, 2021 Loans receivable held for investment: (In thousands) Church 144 684 Total non-accrual loans $ 144 $ 684 There were no loans 90 days or more delinquent that were accruing interest as of December 31, 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 At December 31, 2022, loans classified as troubled debt restructurings totaled $1.7 million, of which $144 thousand were included in non‑accrual loans and $1.6 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 both December 31, 2022 and 2021. TDRs on accrual status are comprised of loans that were accruing at the time of restructuring or loans that have complied with the terms of their restructured agreements for a satisfactory period and for which the Bank anticipates full repayment of both principal and interest. TDRs that are on non‑accrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments, as modified. A well‑documented credit analysis that supports a return to accrual status based on the borrower’s financial condition and prospects for repayment under the revised terms is also required. As of December 31, 2022 and 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 years ended December 31, 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. ● Special Mention. ● Substandard. ● Doubtful. ● Loss. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor and/or by the value of the underlying collateral. Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms. Based on the most recent analysis performed, the risk categories of loans by loan type as of the dates indicated were as follows: December 31, 2022 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 29,022 $ 354 $ 260 $ 402 $ – $ – $ 30,038 Multi-family 479,182 9,855 14,859 – – – 503,896 Commercial real estate 104,066 4,524 1,471 4,513 – – 114,574 Church 14,505 728 – 547 – – 15,780 Construction 2,173 38,530 – – – – 40,703 Commercial – others 53,396 11,157 – 288 – – 64,841 SBA 3,032 569 – – – – 3,601 Consumer 11 – – – – – 11 Total $ 685,387 $ 65,717 $ 16,590 $ 5,750 $ – $ – $ 773,444 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 – others 33,988 12,551 – – – – 46,539 SBA 18,665 – 172 – – – 18,837 Total $ 573,048 $ 50,465 $ 10,865 $ 19,368 $ – $ – $ 653,746

Office Properties and Equipment

Office Properties and Equipment, net	12 Months Ended
	Dec. 31, 2022
Office Properties and Equipment, net [Abstract]
Office Properties and Equipment, net	Note 6 – Office Properties and Equipment, net Year‑end office properties and equipment were as follows: December 31, 2022 December 31, 2021 (In thousands) Land $ 5,322 $ 5,322 Office buildings and improvements 6,303 5,763 Rights of use assets 889 1,120 Furniture, fixtures, and equipment 2,185 2,171 14,699 14,376 Less accumulated depreciation (4,408 ) (4,032 ) Office properties and equipment, net $ 10,291 $ 10,344 Depreciation expense was $376 thousand and $287 thousand for the years 2022 and 2021, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Note 7 – Leases Effective October 1, 2021, the Bank entered into an operating lease for its administrative offices at 4601 Wilshire Boulevard in Los Angeles. The right-of-use asset and operating lease liability are recorded in fixed assets and other liabilities The ROU asset represents our right to use the underlying asset during the lease term. Operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the date of implementation of the new accounting standard. The ROU asset totaled $889 thousand as of December 31, 2022 and was included in Office properties and equipment, net Accrued expenses and other liabilities The operating lease has one 5-year extension option at the then fair market rate. As this extension option is not reasonably certain of exercise, it is not included in the lease term. The Bank has no finance leases. The Company recognized rent expense of $214 thousand 2022 and $478 thousand in 2021. Additional information regarding our operating leases is summarized below for the periods indicated (dollars in thousands): Year Ended December 31, 2022 Year Ended Cash paid for amounts included in the measurement of lease liabilities for operating leases: $ 229 $ 57 ROU assets obtained in exchange for lease liabilities – 1,119 Weighted average remaining lease term in months 45 57 Weighted average discount rate 1.1 % 1.1 % The future minimum payments for operating leases with remaining terms of one year or more as of December 31, 2022 were as follows (in thousands): Year ended December 31, 2023 $ 236 Year ended December 31, 2024 244 Year ended December 31, 2025 252 Year ended December 31, 2026 194 Total future minimum lease payments 926 Amounts representing interest (20 ) Present value of net future minimum lease payments $ 906

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	12 Months Ended
	Dec. 31, 2022
Goodwill and Core Deposit Intangible [Abstract]
Goodwill and Core Deposit Intangible	Note 8 – Goodwill and Core Deposit Intangible The Company recognized goodwill of $25.9 million and a core deposit intangible of $2.5 million. The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the year ended December 31, 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 – (435 ) Impairment – – Balance at the end of the period $ 25,858 $ 2,501 No impairment charges were recorded during 2022 or 2021 for goodwill impairment. Management’s assessment of goodwill is performed in accordance with ASC 350-20 – Intangibles-Goodwill and Other, which allows the Company to perform a qualitative assessment of goodwill to determine if it is more likely than not the fair value of the Company’s equity is below its carrying value. The Company performed its qualitative assessment as of December 31, 2022. The deposit intangible consisted of the following at December 31, 2022: (In thousands) Core deposit intangible acquired $ 3,329 Less: accumulated amortization (828 ) $ 2,501 The following table outlines the estimated amortization expense related to the core deposit intangible during the next five fiscal years: (In thousands) 2023 $ 390 2024 336 2025 315 2026 304 2027 291 Thereafter 865 $ 2,501

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2022
Fair Value [Abstract]
Fair Value	Note 9 – Fair Value The Company used the following methods and significant assumptions to estimate fair value: The fair values of securities available‑for‑sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair value of impaired loans that are collateral dependent is generally based upon the fair value of the collateral, which is obtained from recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Assets acquired through or by transfer in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated every nine months. These appraisals may utilize a single valuation approach or a combination of approaches, including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals for collateral‑dependent impaired loans are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, an independent third‑party licensed appraiser reviews the appraisals for accuracy and reasonableness, reviewing the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry‑wide statistics. Assets Measured on a Recurring Basis Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) At December 31, 2022 Securities available-for-sale: Federal agency mortgage-backed $ – $ 74,169 $ – $ 74,169 Federal agency CMO – 26,100 – 26,100 Federal agency debt – 51,425 – 51,425 Municipal bonds – 4,197 – 4,197 U.S. Treasuries 160,589 – – 160,589 SBA pools – 12,269 – 12,269 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 years ended December 31, 2022 and 2021. Fair Values of Financial Instruments The carrying amounts and estimated fair values of financial instruments as of the periods indicated were as follows: Carrying Fair Value Measurements at December 31, 2022 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 16,105 $ 16,105 $ – $ – $ 16,105 Securities available-for-sale 328,749 160,589 168,160 – 328,749 Loans receivable held for investment 768,046 – – 641,088 641,088 Accrued interest receivable 3,973 442 793 2,738 3,973 Bank owned life insurance 3,233 3,233 – – 3,233 Financial Liabilities: Deposits $ 686,916 $ – $ 673,615 $ – $ 673,615 Federal Home Loan Bank advances 128,344 – 126,328 – 126,328 Securities sold under agreements to repurchase 63,471 – 60,017 – 60,017 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 453 – 453 – 453 Carrying Fair Value Measurements at December 31, 2021 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 231,520 $ 231,520 $ – $ – $ 231,520 Securities available-for-sale 156,396 17,951 138,445 – 156,396 Loans receivable held for investment 648,513 – – 623,778 623,778 Accrued interest receivable 3,372 19 1,089 2,264 3,372 Bank owned life insurance 3,190 3,190 – – 3,190 Financial Liabilities: Deposits $ 788,052 $ – $ 754,181 $ – $ 754,181 Federal Home Loan Bank advances 85,952 – 87,082 – 87,082 Securities sold under agreements to repurchase 51,960 – 51,960 – 51,960 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 119 – 119 – 119

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Deposits	Note 10 – Deposits Deposits are summarized as follows: December 31, 2022 December 31, 2021 (In thousands) Interest checking and other demand deposits $ 5,764 $ 90,285 Non‑interest-bearing demand deposits 328,577 220,152 Money market deposits 155,200 204,888 Savings deposits 62,322 70,750 Certificates of deposit 135,053 201,977 Total $ 686,916 $ 788,052 The Bank accepts two types of deposits from a deposit placement service called the Certificate of Deposit Account Registry Service. Reciprocal deposits are the Bank’s own retail deposits in amounts in excess of the insured limits. The CDARS program allows banks to place their customers’ funds in FDIC‑insured certificates of deposit at other banks and, at the same time, receive an equal sum of funds from the customers of other banks in the CDARS Network. These deposits totaled $74.6 million and $141.6 million at December 31, 2022 and 2021, respectively and are not considered to be brokered deposits. One‑way deposits are also available using the CDARS program. With the one‑way program, the Bank accepts deposits from CDARS even though there is no customer account involved. These one-way deposits, which are considered to brokered deposits, totaled $0 and $223 thousand at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, the Bank had $4.3 million and $5.0 million in (non-CDARS) brokered deposits, respectively. As of December 31, 2022 and 2021, approximately $212.9 million and $265.8 million of our total deposits were not insured by FDIC insurance. Scheduled maturities of certificates of deposit for the next five years are as follows: Maturity Amount (In thousands) 2023 $ 118,070 2024 10,767 2025 729 2026 5,312 2027 167 Thereafter 8 $ 135,053 Certificates of deposit of $250 thousand or more totaled $30.2 million and $20.4 million at December 31, 2022 and 2021, respectively. The Company has a significant concentration of deposits with five long‑time customers that accounted for approximately 27% of its deposits as of December 31, 2022. The Company expects to maintain the relationships with the customers for the near term. Deposits from principal officers, directors, and their affiliates totaled $24.3 million and $22.7 million at December 31, 2022 and 2021, respectively.

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2022
Federal Home Loan Bank Advances [Abstract]
Federal Home Loan Bank Advances	Note 11 – Federal Home Loan Bank Advances The following table summarizes information relating to FHLB advances at or for the periods indicated: At or For the Year Ended December 31, 2022 2021 (Dollars in thousands) FHLB Advances: Average balance outstanding during the year $ 61,593 $ 100,471 Maximum amount outstanding at any month‑end during the year $ 128,823 $ 113,580 Balance outstanding at end of year $ 128,344 $ 85,952 Weighted average interest rate at end of year 3.74 % 1.85 % Average cost of advances during the year 1.74 % 1.96 % Weighted average maturity (in months) 13 22 Each advance is subject to a prepayment penalty if paid before its maturity date. The advances were collateralized by $328.1 million and $165.0 million of commercial real estate loans at December 31, 2022 and 2021, respectively, under a blanket lien arrangement. Based on collateral pledged and the Company’s holdings of FHLB stock as of December 31, 2022, the Company was eligible to borrow up to an additional $70.6 million at year‑end 2022. In addition, the Bank had additional lines of credit of $10.0 million with other financial institutions as of that date. Scheduled maturities of FHLB advances are as follows: Amount (In thousands) 2023 $ 95,500 2024 – 2025 32,844 $ 128,344

Junior Subordinated Debentures

Junior Subordinated Debentures	12 Months Ended
	Dec. 31, 2022
Junior Subordinated Debentures [Abstract]
Junior Subordinated Debentures	Note 12 – Junior Subordinated Debentures On March 17, 2004, the Company issued $6.0 million of Floating Rate Junior Subordinated Debentures in a private placement to a trust that was capitalized to purchase subordinated debt and preferred stock of multiple community banks. Interest on the Debentures is payable quarterly at a rate per annum equal to the 3‑Month LIBOR plus 2.54%. On October 16, 2014, the Company made payments of $900 thousand of principal on Debentures, executed a Supplemental Indenture for the Debentures that extended the maturity of the Debentures to March 17, 2024, and modified the payment terms of the remaining $5.1 million principal amount thereof. The Company made quarterly payments of interest only through March 2020 at the original rate of 3‑Month LIBOR plus 2.54%. Starting in June 2020, the Company began making quarterly payments of equal amounts of principal plus interest at the original rate of 3-Month LIBOR plus 2.54%. On September 17, 2021, the Company fully redeemed its Floating Rate Junior Subordinated Debentures for $2.8 million.

Securities Sold Under Agreement

Securities Sold Under Agreements to Repurchase	12 Months Ended
	Dec. 31, 2022
Securities Sold Under Agreements to Repurchase [Abstract]
Securities Sold Under Agreements to Repurchase	Note 13 – Securities Sold Under Agreements to Repurchase The Bank enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Bank may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Bank to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing agreements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability in the Banks’s consolidated statements of financial condition, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. As of December 31, 2022, securities sold under agreements to repurchase totaled $63.5 million at an average rate of 0.38%. These agreements mature on a daily basis, but we expect the agreements to be available in the foreseeable f uture . The market value of securities pledged totaled $64.4 million as of December 31, 2022 and included $33.3 million of federal agency debt, $19.2 million of U.S. Treasuries and $11.9 million of federal agency mortgage-backed securities. As of December 31, 2021, securities sold under

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2022
Notes Payable [Abstract]
Notes Payable	Note 14 – Notes Payable In connection with the New Market Tax Credit activities of City First Bank, CFC 45 is a partnership whose members include CFNMA and City First New Markets Fund II, LLC. This CDE acts in effect as a pass-through for a Merrill Lynch allocation totaling $14.0 million that needed to be deployed. In December 2015, Merrill Lynch made a $14.0 million non-recourse loan to CFC 45, whereby CFC 45 passed that loan through to a Qualified Active Low-Income Community Business. 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.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 15 – Employee Benefit Plans 401(k) Plans As of December 31, 2021, the Company was operating under two different 401(k) plans. In July of 2022, the Broadway Federal Bank 401(k) benefit plan and the City First Bank 401(k) benefit plan were combined into one plan called “the City First Bank 401(k) benefit plan” (the “401(k) Plan”). The 401(k) Plan allows employee contributions for substantially all employees up to 15% of their compensation, which are matched at a rate equal to 50% of the first 6% of compensation contributed. In addition, the 401(k) Plan makes a non-elective safe harbor contribution of 3% of each eligible employee’s compensation. Expenses related to the 401(k) plans totaled $309 thousand in 2022 and $316 thousand for 2021. ESOP Plan Employees participate in an Employee Stock Option Plan (“ESOP”) after attaining certain age and service requirements. During 2022, the ESOP purchased 466,955 shares of the Company’s common stock at a cost of $1.07 per share for a total cost of $500 thousand which was funded with a $5 million line of credit from the Company. During the first quarter of 2023, the ESOP purchased 1,156,076 additional shares of the Company’s common stock at a cost of $1.30 per share for a total cost of $1.5 million which was funded with the line of credit. Any loans or borrowings under the line of credit will be repaid from the Bank’s discretionary contributions to the ESOP, net of dividends paid, over a period of 20 years. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants. When loan payments are made, shares are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. As the unearned shares are released from the suspense account, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to equity as additional paid‑in capital. Dividends on allocated shares increase participant accounts. Dividends on unallocated shares will be used to repay the loan. At the end of employment, participants will receive shares for their vested balance. Compensation expense related to the ESOP was $66 thousand for 2022 and $109 thousand for 2021. Shares held by the ESOP were as follows: December 31, 2022 December 31, 2021 (Dollars in thousands) Allocated to participants 1,057,504 1,087,216 Committed to be released 9,892 10,064 Suspense shares 948,488 521,618 Total ESOP shares 2,015,884 1,618,898 Fair value of unearned shares $ 1,015 $ 1,454 During 2022 and 2021, 40,257 and 40,945 of ESOP shares were released for allocation to participants, respectively. The outstanding balance of unearned ESOP shares at December 31, 2022 and 2021 were $1.3 million and $829 thousand, respectively, which are shown as unearned ESOP shares in the equity section of the consolidated statements of financial condition. During December of 2022, the Company issued a $5 million line of credit to the ESOP Plan for the purchase of additional shares. As of December 31, 2022, the trustee for the ESOP had purchased 466,955 shares at a total cost of $500 thousand.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes [Abstract]
Income Taxes	Note 16 – Income Taxes The Company and its subsidiary are subject to U.S. federal and state income taxes. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Income tax expense (benefit) was as follows: 2022 2021 (In thousands) Current Federal $ 700 $ 4 State 218 (38 ) Deferred Federal 944 (909 ) State 551 (363 ) Change in Valuation Allowance – 369 Total $ 2,413 $ (937 ) Effective tax rates differ from the federal statutory rate of 21% applied to income before income taxes due to the following: 2022 2021 (In thousands) Federal statutory rate times financial statement net gain (loss) $ 1,705 $ (1,026 ) Effect of: State taxes, net of federal benefit 623 (292 ) Earnings from bank owned life insurance (9 ) (9 ) Merger-related expense – 195 Low-income housing credits (6 ) (58 ) Change in valuation allowance – 369 Tax effect of stock-based compensation 25 (129 ) Other, net 75 13 Total $ 2,413 $ (937 ) Year‑end deferred tax assets and liabilities were due to the following: 2022 2021 (In thousands) Deferred tax assets: Allowance for loan losses $ 1,063 $ 677 Accrued liabilities 555 954 State income taxes 45 1 Stock compensation 226 154 Net operating loss carryforward 2,616 3,946 Non‑accrual loan interest – 51 Partnership investment 257 155 General business credit 1,962 2,006 Alternative minimum tax credit 5 5 Net unrealized loss on securities available-for-sale 7,388 464 Right of use liability 266 319 Fair value adjustment on acquired loans 291 521 Other 332 363 Total deferred tax assets 15,006 9,616 Less: valuation allowance (369 ) (369 ) Total deferred tax assets , net of valuation allowance 14,637 9,247 Deferred tax liabilities: Section 481 adjustments to bad debts (7 ) (6 ) Deferred loan fees/costs (776 ) (750 ) Basis difference on fixed assets (723 ) (702 ) FHLB stock dividends (90 ) (98 ) Nonaccrual loan interest (8 ) – Prepaid expenses (186 ) (220 ) Right of use assets (256 ) (317 ) Core deposit intangibles (719 ) (1,053 ) Total deferred tax liabilities (2,765 ) (3,146 ) Net deferred tax assets $ 11,872 $ 6,101 Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluated both positive and negative evidence, the amount of taxes paid in available carry‑back years, and the forecasts of future income and tax planning strategies. Based on this analysis, management determined that, as of December 31, 2022, a valuation allowance of $369 thousand was required on the Company’s deferred tax assets, which totaled $11.9 million (net of valuation allowance). As of December 31, 2021, a valuation allowance of $369 thousand was required on the Company’s deferred tax assets, which totaled $6.1 million (net of valuation allowance). As of December 31, 2022, the Company had federal net operating loss carryforwards of $3.1 million. Approximately $2.7 million of the federal net operating loss carryforwards can be carried forward indefinitely. The remaining $364 thousand will begin to expire, if not utilized, in 2036 through 2037. The Company also had California net operating loss carryforwards of $23.0 million which will begin to expire in 2031 through 2041 if not utilized. The Company also had federal general business credits of $2.0 million, which will begin to expire in 2030 through 2041, if not utilized. The Company did not have any unrecognized tax benefits as of December 31, 2022 and 2021. Federal tax years 2018 through 2022 remain open for the assessment of Federal income tax. California tax years 2017 through 2022 remain open for the assessment of California franchise tax. The Company is not currently under examination by any tax authorities.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2022
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 17 – Stock‑Based Compensation Prior to July 25, 2018, the Company issued stock‑based compensation awards to its directors and employees under the 2008 Long‑Term Incentive Plan (“2008 LTIP”). The 2008 LTIP permitted the grant of non‑qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards for up to 2,000,000 shares of common stock. As of July 25, 2018, the Company ceased granting awards under the 2008 LTIP. On July 25, 2018, the stockholders approved the 2018 Long‑Term Incentive Plan (“2018 LTIP”). As with the 2008 LTIP, the 2018 LTIP permits the grant of non‑qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards. The plan will be in effect for ten years. The maximum number of shares that can be awarded under the plan is 1,293,109 shares of common stock. As of December 31, 2022, 897,800 shares had been awarded and 395,309 shares were available under the 2018 LTIP. No stock options were granted during the year ended December 31, 2022. The following table summarizes stock option activity during the year ended December 31, 2022: 2022 Number Outstanding Weighted Average Exercise Price Outstanding at beginning of year 450,000 $ 1.62 Granted during the year – – Exercised during the year – – Forfeited or expired during the year (200,000 ) – Outstanding at end of year 250,000 $ 1.62 Exercisable at end of year 250,000 $ 1.62 There was no stock-based compensation expense related to stock options during 2022 as there was no remaining unrecognized compensation cost related to non-vested options granted under the plan as of December 31, 2021. For the year ended December 31, 2021, the Company recorded $7 thousand of stock‑based compensation expense related to stock options. Options outstanding and exercisable at year‑end 2022 were as follows: Outstanding Exercisable Grant Date Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value February 24, 2016 250,000 $ 1.62 250,000 $ 1.62 250,000 3.13 years $ 1.62 $ – 250,000 $ 1.62 $ – Stock Awards to Directors In February 2022 and 2021, the Company awarded 47,187 and 20,736 shares of common stock, respectively, to its directors under the 2018 LTIP, which are fully vested. The Company recorded $84 thousand and $45 thousand of compensation expense in the years ended December 31, 2022 and December 31, 2021, respectively, based on the fair value of the stock on the date of the award. In July of 2021, the Company awarded 64,516 shares of common stock to its Chief Executive Officer, which are fully vested. The company recorded $200 thousand of compensation expense for the year ended December 31, 2021 based on the fair value of the stock on the date of the award. Restricted Stock Awards to Employees In March of 2022, the Company issued 495,262 shares to its officers and employees under the 2018 LTIP. Each restricted stock award was 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 2022 and 2021, the Company recorded $363 thousand and $153 thousand of stock-based compensation expense related to shares awarded to employees. A summary of restricted stock unit activity for the year ended December 31, 2022 is as follows: Restricted Stock Units (In thousands) Weighted Average Grant Date Fair Value Remaining Contractual Life (months) Unvested at December 31, 2021 – – – Granted during period 495,262 $ 1.53 53 Vested during period – – – Forfeited or expired during period (71,668 ) – – Unvested at December 31, 2022 423,594 $ 1.53 43 As of December 31, 2022, there was $517 thousand of total unrecognized equity-based compensation expense that the Company expects to recognize over the remaining contractual life.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2022
Regulatory Matters [Abstract]
Regulatory Matters	Note 18 – Regulatory Matters The Bank’s capital requirements are administered by the Office of the Comptroller of the Currency 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 (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 Coronavirus Aid Relief and Economic Security Act temporarily lowered this ratio to 8% beginning in the three months ended September 30, 2020. The ratio then rose to 8.5% for 2021 and reestablished at 9% on January 1, 2022. City First Bank, N.A. elected to adopt the CBLR option on April 1, 2020 as reflected in its June 30, 2020 Call Report. Its CBLR as of December 31, 2022 and 2021 is shown in the table below. Actual Minimum Required to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2022 Community Bank Leverage Ratio $ 181,304 15.75 % $ 103,591 9.00 % December 31, 2021 Community Bank Leverage Ratio $ 98,590 9.32 % $ 89,871 8.50 % At December 31, 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 that would materially adversely change the Bank’s capital classifications. From time to time, we may need to raise additional capital to support the Bank’s further growth and to maintain the “well capitalized” status. The Bank’s capital requirements are administered by the OCC and involve quantitative measures of assets, liabilities, and certain off‑balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the OCC. Failure to meet capital requirements can result in regulatory action.

Loan Commitments and Other Rela

Loan Commitments and Other Related Activities	12 Months Ended
	Dec. 31, 2022
Loan Commitments and Other Related Activities [Abstract]
Loan Commitments and Other Related Activities	Note 19 – Loan Commitments and Other Related Activities Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off‑balance‑sheet risk for credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. The contractual amounts of financial instruments with off‑balance‑sheet risk at year‑end were as follows: 2022 2021 (In thousands) Commitments to make loans $ 15,160 $ 13,384 Unfunded construction loans 27,811 10,352 Unused lines of credit – variable rates 13,341 9,326 Commitments to make loans are generally made for periods of 60 days or less.

Parent Company Only Condensed F

Parent Company Only Condensed Financial Information	12 Months Ended
	Dec. 31, 2022
Parent Company Only Condensed Financial Information [Abstract]
Parent Company Only Condensed Financial Information	Note 20 – Parent Company Only Condensed Financial Information Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheet December 31, 2022 2021 (In thousands) Assets Cash and cash equivalents $ 84,015 $ 9,305 Investment in bank subsidiary 192,977 131,540 Other assets 2,725 4,068 Total assets $ 279,717 $ 144,913 Liabilities and stockholders’ equity Accrued expenses and other liabilities $ 235 $ 583 Stockholders’ equity 279,482 144,330 Total liabilities and stockholders’ equity $ 279,717 $ 144,913 Condensed Statements of Income Years Ended December 31, 2022 2021 (In thousands) Interest income $ 88 $ 27 Interest expense – (60 ) Other expense (877 ) (1,982 ) Income (loss) before income tax and undistributed subsidiary income (789 ) (2,015 ) Income tax benefits 85 405 Equity in undistributed subsidiary income (loss) 6,340 (2,440 ) Net income (loss) $ 5,636 $ (4,050 ) Condensed Statements of Cash Flows Years Ended December 31, 2022 2021 (In thousands) Cash flows from operating activities Net income (loss) $ 5,636 $ (4,050 ) Adjustments to reconcile net loss to net cash used in operating activities: Equity in undistributed subsidiary loss (income) (6,340 ) 2,440 Change in other assets 1,196 (1,333 ) Change in accrued expenses and other liabilities (348 ) 504 Net cash used in operating activities 144 (2,439 ) Cash flows from investing activities Capital distribution to bank subsidiary (75,000 ) (20,000 ) Dividends from bank subsidiary – 700 Net cash (used in) provided by investing activities (75,000 ) (19,300 ) Cash flows from financing activities Proceeds from sale of stock – 30,837 Issuance of preferred stock 150,000 – Repayments of borrowings – (3,315 ) Equity in CFBanc Corp on date of purchase – 3,330 Increase in unreleased ESOP shares (500 ) – Proceeds from repayment of ESOP loan 66 66 Net cash used in financing activities 149,566 30,918 Net change in cash and cash equivalents 74,710 9,179 Beginning cash and cash equivalents 9,305 126 Ending cash and cash equivalents $ 84,015 $ 9,305 There was $3.0 million of non-cash financing activities for the exchange of preferred stock for common stock in 2022.

Earnings (Loss) Per Common Shar

Earnings (Loss) Per Common Share	12 Months Ended
	Dec. 31, 2022
Earnings (Loss) Per Common Share [Abstract]
Earnings (Loss) Per Common Share	Note 21 – Earnings (Loss) Per Common Share The factors used in the earnings per common share computation follow: 2022 2021 (Dollars in thousands, except share and per share) Net income (loss) attributable to Broadway Financial Corporation $ 5,636 $ (4,050 ) Less net income (loss) attributable to participating securities 32 2 Income (loss) available to common stockholders $ 5,604 $ (4,052 ) Weighted average common shares outstanding for basic earnings (loss) per common share 72,409,020 60,151,556 Add: dilutive effects of unvested restricted stock awards 413,892 – Add: dilutive effects of assumed exercise of stock options – – Weighted average common shares outstanding for diluted earnings (loss) per common share 72,822,912 60,151,556 Earnings (loss) per common share - basic $ 0.08 $ (0.07 ) Earnings (loss) per common share - diluted $ 0.08 $ (0.07 ) Stock options for 250,000 shares of common stock for the year ended December 31, 2022, were not considered in computing diluted earnings per common share because they were anti‑dilutive. Basic earnings (loss) per share of common stock is computed pursuant to the two-class method by dividing net loss available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed loss attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options. 2022. Because the Company recorded a loss for the year ended December 31, 2021, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in either year.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 22 – Subsequent Events The Company evaluated its December 31, 2022 consolidated financial statements for subsequent events through the date these financial statements were issued.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation Broadway Financial Corporation was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association as part of the bank’s conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the bank’s name was changed to Broadway Federal Bank, f.s.b. (“Broadway Federal”). The conversion was completed, and the Broadway Federal became a wholly‑owned subsidiary of the Company, in January 1996. On April 1, 2021, the Company completed its merger with CFBanc Corporation, with the Company continuing as the surviving entity. Immediately following the CFBanc Merger, Broadway Federal merged with and into City First Bank of D.C., National Association with City First Bank of D.C., National Association (the“Bank”) continuing as the surviving entity (combined with Broadway Federal). Concurrently with the Merger, the Bank changed its name to City First Bank, National Association. The Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in the Bank’s market areas. At December 31, 2022, the Bank operated three retail‑banking offices: Los Angeles and in the nearby city of Inglewood in California, and another in Washington, D.C. The Bank is subject to significant competition from other financial institutions and is also subject to regulation by certain federal agencies and undergoes periodic examinations by those regulatory authorities. The accompanying consolidated financial statements include Broadway Financial Corporation and its wholly owned subsidiary, City First Bank, National Association (together with the Company, “City First Broadway”). Also included in the consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. The results of Broadway Service Corporation, a wholly owned subsidiary of the Bank, are also included in the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ from these estimates. The allowance and provision for loan losses, specific reserves for impaired loans, fair value of acquired assets and liabilities in business combinations,
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, amounts due from correspondent banks and the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and interest‑bearing deposits in other banks with initial terms of ninety days or less. The Company may be required to maintain reserve and clearing balances with the Federal Reserve Bank under the Federal Reserve Act of 1913, as amended. Effective on March 26, 2020, as a part of Federal Reserve Bank’s tools to promote maximum employment, Federal Reserve Bank Board reduced reserve requirement ratios to zero. The reserve and clearing requirement balance were no longer required at December 31, 2022. Net cash flows are reported for customer loan and deposit transactions, interest‑bearing deposits in other banks, deferred income taxes and other assets and liabilities.
Investment Securities	Investment Securities Debt securities are classified as held‑to‑maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available‑for‑sale when they might be sold before maturity. Securities available‑for‑sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level‑yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other‑than‑temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Consideration is given to the financial condition and near‑term prospects of the issuer, the length of time and the extent to which the fair value has been less than the cost, and the intent and ability of management to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition.
Loans Receivable Held for Investment	Loans Receivable Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of allowance for loan losses, deferred loan fees and costs and unamortized premiums and discounts. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, premiums and discounts are deferred, and recognized in income using the level‑yield method without anticipating prepayments. Interest income on all loans is discontinued at the time the loan is 90 days delinquent unless the loan is well‑secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non‑accrual or charged‑off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on non‑accrual is reversed against interest income. Interest received on such loans is accounted for on the cash‑basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Concentration of Credit Risk	Concentration of Credit Risk Concentrations of credit risk arise when several customers are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s lending activities are predominantly in real estate loans that are secured by properties located in Southern California and in Washington, D.C. and many of the borrowers reside in those areas. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy and real estate market in the markets in which the Company operates.
Loans Purchased	Loans Purchased The Bank purchases or participates in loans originated by other institutions from time to time. Subject to regulatory restrictions applicable to savings institutions, the Bank’s current loan policies allow all loan types to be purchased. The determination to purchase specific loans or pools of loans is based upon the Bank’s investment needs and market opportunities and is subject to the Bank’s underwriting policies, which require consideration of the financial condition of the borrower and the appraised value of the property, among other factors. Premiums or discounts incurred upon the purchase of loans are recognized in income using the interest method over the estimated life of the loans, adjusted for actual prepayments. No loans were purchased during 2022 and 2021.
Purchased Credit Impaired Loans	Purchased Credit Impaired Loans As part the Company’s merger with CFBanc, the Company acquired certain loans that have shown evidence of credit deterioration since origination; these loans are referred to as purchased credit impaired loans. These PCI loans are recorded at their fair value at acquisition, such that there is no carryover of the seller’s allowance for loan losses. Such PCI loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each PCI loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the PCI loan, expected cash flows continue to be estimated each quarter. If the present value of expected cash flows decreases from the prior estimate, a provision for loan losses is recorded and an allowance for loan losses is established. If the present value of expected cash flows increases from the prior estimate, the increase is recognized as part of future interest income. If the timing and amount of cash flows is uncertain, then cash payments received will be recognized as a reduction of the recorded investment.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent cash recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, could be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on case‑by‑case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, either a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or alternatively a charge‑off is taken to record the loan at the fair value of the collateral, less estimated selling costs, if repayment is expected solely from the collateral. TDRs are individually evaluated for impairment and included in the separately identified impairment disclosures. TDRs are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of any necessary additional charge‑off based on internal analyses and appraisals of the underlying collateral securing these loans. The general component covers loans that are collectively evaluated for impairment and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment with the use of a loss migration analysis and is based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is supplemented with information about other current economic factors based on the risks present for each portfolio segment. These current economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge‑offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. The following portfolio segments have been identified: one‑to‑four units (“single family”), five or more units (“multi‑family”), commercial real estate, church, construction, commercial loans, and consumer loans. The risks in our various portfolio segments are as follows: Single Family Multi‑Family Commercial Real Estate Church Construction Commercial Consumer
Business Combinations	Business Combinations Business combinations are accounted for using the acquisition accounting method. Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on the acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and that are determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed. The Company has selected November 30th as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Company’s consolidated statement of financial condition. Core deposit intangible assets arising from mergers and acquisitions are amortized on an accelerated basis reflecting the pattern in which the economic benefits of the intangible asset are consumed or otherwise used up. The estimated life of the core deposit intangible is approximately 10 years.
Office Properties and Equipment	Office Properties and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight‑line method with useful lives ranging from 10 to 40 years. Furniture, fixtures, and equipment are depreciated using the straight‑line method with useful lives ranging from 3 to 10 years. Leasehold improvements are amortized over the lease term or the estimated useful life of the asset, whichever is shorter.
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock	Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock The Bank is a member of the FHLB and FRB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of their par value. Both cash and stock dividends are reported as income when declared.
Bank-Owned Life Insurance	Bank‑Owned Life Insurance The Bank has purchased life insurance policies on a former key executive. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Investment in Affordable Housing Limited Partnership	Investment in Affordable Housing Limited Partnership The Bank owns a less than 5% interest in an affordable housing limited partnership. The investment is recorded using the cost method and is being amortized over the life of the related tax credits. The tax credits are being recognized in income tax expense in the consolidated financial statements to the extent they are utilized on the Company’s income tax returns. The investment is reviewed for impairment on an annual basis or on an interim basis if an event occurs that would trigger potential impairment.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Variable Interest Entities ("VIE")	Variable Interest Entities (“VIE”) An entity is considered to be a VIE when it does not have sufficient equity investment at risk, the equity investors as a group lack the characteristics of a controlling financial interest, or the entity is structured with disproportionate voting rights and substantially all of the entity’s activities are conducted on behalf of an investor with disproportionately few voting rights. The Company is required to consolidate a VIE when it holds a variable interest in the VIE and is also the primary beneficiary of the VIE. CFC 45 is a Community Development Entity (“CDE”), and is considered to be a VIE. The Company is the primary beneficiary because it has the power to direct activities that most significantly affect the economic performance of CFC 45 and has the obligation to absorb the majority of the losses or benefits of its financial performance.
Noncontrolling Interests	Noncontrolling Interests For consolidated subsidiaries that are less than wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The portion of net income attributable to noncontrolling interests for such subsidiaries is presented as net income applicable to noncontrolling interests on the consolidated statements of operations and comprehensive income, and the portion of the stockholders’ equity of such subsidiaries is presented as noncontrolling interests on the consolidated statements of financial condition and consolidated statements of changes in stockholders’ equity.
Revenue Recognition	Revenue Recognition Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires the Company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. Most of our revenue‑generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans and investment securities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. The Company’s revenue stream that is within the scope of Topic 606 is primarily service charges on deposit accounts, which consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.
Stock-Based Compensation	Stock‑Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Compensation cost is recognized on a straight‑line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest related to income tax matters in interest expense and penalties related to tax matters in income tax expense.
Retirement Plans	Retirement Plans Employee 401(k) expense is the amount of matching contributions made by the Company.
Employee Stock Ownership Plan (ESOP)	Employee Stock Ownership Plan (ESOP) The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest.
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share Basic earnings (loss) per share of common stock is computed pursuant to the two‑class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards using treasury stock method and additional potential common shares issuable under stock options. For the year ended December 31, 2022, diluted earnings per share of common stock includes the dilutive effect of any unvested stock awards using the treasury stock method and the dilutive effect of any additional potential common shares issuable under stock options. Because the Company recorded losses for the year ended December 31, 2021, no unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in that year.
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of the net income (loss) from operations and other comprehensive income or loss. Other comprehensive loss includes unrealized gains and losses on securities available‑for‑sale, net of tax, which are also recognized as separate components of equity.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe that any such matters existed as of the balance sheet date that will have a material effect on the consolidated financial statements.
Leases	L eases The Company determines if an arrangement is a lease at inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are included in the Company’s consolidated financial statements. ROU assets represent the Company’s right-of-use of an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments pursuant to the Company’s leases. The ROU assets and liabilities are recognized at commencement of the lease based on the present value of lease payments over the lease term. To determine the present value of lease payments, the Company uses its incremental borrowing rate. The lease term may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term.
Fair Value Measurements	Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair values are estimated using relevant market information and other assumptions, as more fully disclosed in Note 9 “Fair Value”. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Operating Segments	Operating Segments The Company operates as a single segment. The operating information used by management to assess performance and make operating decisions about the Company is the consolidated financial data presented in these financial statements. For the years ended 2022 and 2021, the Company has determined that banking is its one reportable business segment.
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. Under ASU 2016-13, available-for-sale debt securities are evaluated for impairment if fair value is less than amortized cost, with any estimated credit losses recorded through a credit loss expense and an allowance, rather than a write-down of the investment. Changes in fair value that are not credit-related will continue to be recorded in other comprehensive income. For debt securities with other-than-temporary impairment, the guidance will be applied prospectively. Existing PCI assets will be grandfathered and classified as purchased credit deteriorated (PCD) assets at the date of adoption. The asset will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. 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. 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 is currently finalizing the CECL model by validating the data, preparing supporting documentation, and developing policies and procedures. 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 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)	12 Months Ended
	Dec. 31, 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 (1,470 ) (580 ) Core deposit intangible – 3,329 3,329 Other assets 2,290 – 2,290 Total assets $ 471,003 $ 4,292 $ 475,295 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 $ 4,132 $ 40,399 Consideration paid 66,257 Goodwill recognized $ 25,858
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): Acquired Contractual amounts due $ 231,432 Cash flows not expected to be collected (3,666 ) Expected cash flows 227,766 Interest component of expected cash flows (1,881 ) Fair value of acquired loans $ 225,885
Fair Value of PCI Loans	A component of total loans acquired from CFBanc were loans that were considered to be PCI loans. The following table presents the amounts that comprise the fair value of PCI loans as of the date of acquisition (in thousands): Contractual amounts due $ 1,825 Non-accretable difference (cash flows not expected to be collected) (634 ) Expected cash flows 1,191 Accretable yield (346 ) Fair value of acquired PCI loans $ 845

Capital (Tables)

Capital (Tables)	12 Months Ended
	Dec. 31, 2022
Capital [Abstract]
Common Stock Issued as a Result of Merger and as a Result of Private Placements by Class	The following table shows the common stock issued on April 1, 2021 as a result of the merger and on April 6, 2021 as a result of the private placements by class: Common Shares Outstanding Voting Class A Nonvoting Class B Nonvoting Class C Total Shares Shares outstanding March 31, 2021: 19,142,498 – 8,756,396 27,898,894 Shares issued in merger 13,999,870 11,404,621 – 25,404,491 Shares exchanged post-merger (681,300 ) – 681,300 – Shares cancelled (52,105 ) – – (52,105 ) Shares issued in private placements 11,221,921 – 7,252,079 18,474,000 Fractional shares cancelled (20 ) (3 ) – (23 ) Shares outstanding April 6, 2021: 43,630,864 11,404,618 16,689,775 71,725,257

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 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 at December 31, 2022 and December 31, 2021 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) December 31, 2022: Federal agency mortgage-backed securities $ 84,955 $ 2 $ (10,788 ) $ 74,169 Federal agency CMOs 27,776 – (1,676 ) 26,100 Federal agency debt 55,687 26 (4,288 ) 51,425 Municipal bonds 4,866 – (669 ) 4,197 U. S. Treasuries 165,997 – (5,408 ) 160,589 SBA pools 14,048 9 (1,788 ) 12,269 Total available-for-sale securities $ 353,329 $ 37 $ (24,617 ) $ 328,749 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 December 31, 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 $ 4,997 $ – $ (107 ) $ 4,890 Due after one year through five years 214,003 – (8,871 ) 205,132 Due after five years through ten years 36,862 27 (3,228 ) 33,661 Due after ten years (1) 97,467 10 (12,411 ) 85,066 $ 353,329 $ 37 $ (24,617 ) $ 328,749 (1) Mortgage-backed securities, CMOs and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.
Securities in Continuous Unrealized Loss Position	The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022: (In thousands) Federal agency mortgage-backed securities $ 38,380 $ (4,807 ) $ 35,526 $ (5,981 ) $ 73,906 $ (10,788 ) Federal agency CMOs 20,997 (885 ) 5,103 (791 ) 26,100 (1,676 ) Federal agency debt 26,383 (1,529 ) 21,956 (2,759 ) 48,339 (4,288 ) Municipal bonds 2,176 (315 ) 2,021 (354 ) 4,197 (669 ) U. S. Treasuries 143,989 (3,884 ) 16,600 (1,524 ) 160,589 (5,408 ) SBA pools 3,743 (365 ) 6,763 (1,423 ) 10,506 (1,788 ) Total unrealized loss position investment securities $ 235,668 $ (11,785 ) 87,969 $ (12,832 ) $ 323,637 $ (24,617 ) December 31, 2021: Federal agency mortgage-backed securities $ 49,265 $ (245 ) $ – $ – $ 49,265 $ (245 ) Federal agency CMOs 6,882 (115 ) – – 6,882 (115 ) Federal agency debt 25,413 (269 ) – – 25,413 (269 ) Municipal bonds 2,349 (23 ) – – 2,349 (23 ) U. S. Treasuries 17,950 (218 ) – – 17,950 (218 ) SBA pools 9,309 (138 ) – – 9,309 (138 ) Total unrealized loss position investment securities $ 111,168 $ (1,008 ) $ – $ – $ 111,168 $ (1,008 )

Loans Receivable Held for Inv_2

Loans Receivable Held for Investment (Tables)	12 Months Ended
	Dec. 31, 2022
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Loans receivable held for investment were as follows as of the periods indicated: December 31, 2022 December 31, 2021 (In thousands) Real estate: Single family $ 30,038 $ 45,372 Multi-family 502,141 393,704 Commercial real estate 114,574 93,193 Church 15,780 22,503 Construction 40,703 32,072 Commercial – other 64,841 46,539 SBA loans (1) 3,601 18,837 Consumer 11 – Gross loans receivable before deferred loan costs and premiums 771,689 652,220 Unamortized net deferred loan costs and premiums 1,755 1,526 773,444 653,746 Credit and interest marks on purchased loans, net (1,010 ) (1,842 ) Allowance for loan losses (4,388 ) (3,391 ) Loans receivable, net $ 768,046 $ 648,513 (1) Including Paycheck Protection Program (PPP) loans.
Activity in Allowance for Loan Losses by Loan Type	The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: For the Year Ended December 31, 2022 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (36 ) 616 213 (38 ) 101 152 (11 ) 997 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 For the Year Ended December 31, 2021 Real Estate Single family Multi‑ family Commercial real estate Church Construction Commercial – other Consumer Total (In thousands) Beginning balance $ 296 $ 2,433 $ 222 $ 237 $ 22 $ 4 $ 1 $ 3,215 Provision for (recapture of) loan losses (151 ) 224 14 (134 ) 190 19 14 176 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391
Carrying Amount of Purchased Credit Impaired Loans	The following table presents the carrying amount of these loans for the periods indicated: December 31, 2022 December 31, 2021 (In thousands) Real estate: Single family $ 68 $ 558 Commercial real estate – 221 Commercial – other 57 104 $ 125 $ 883
Accretable yield on Purchased Credit Impaired Loans	The following table summarizes the accretable yield on the PCI loans for the periods ended: December 31, 2022 December 31, 2021 (In thousands) Balance at the beginning of the period $ 289 $ – Additions – 346 Accretion (262 ) (57 ) Balance at the end of the period $ 27 $ 289
Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method	The following tables present the balance in the allowance for loan losses and the recorded investment (unpaid contractual principal balance less charge‑offs, less interest applied to principal, plus unamortized deferred costs and premiums) by loan type and based on impairment method as of and for the periods indicated: December 31, 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 106 3,273 449 61 313 175 4 4,381 Total ending allowance balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 Loans: Loans individually evaluated for impairment $ 57 $ – $ – $ 1,655 $ – $ – $ – $ 1,712 Loans collectively evaluated for impairment 20,893 462,539 63,929 9,008 38,530 29,558 11 624,468 Subtotal 20,950 462,539 63,929 10,663 38,530 29,558 11 626,180 Loans acquired in the Merger 9,088 41,357 50,645 5,117 2,173 38,884 – 147,264 Total ending loans balance $ 30,038 $ 503,896 $ 114,574 $ 15,780 $ 40,703 $ 68,442 $ 11 $ 773,444 December 31, 2021 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 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 62,252 – 203,753 Total ending loans balance $ 45,372 $ 395,230 $ 93,193 $ 22,503 $ 32,072 $ 65,376 $ – $ 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 periods indicated: December 31, 2022 December 31, 2021 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Multi-family $ – $ – $ – $ 282 $ 282 $ – Church 1,572 1,572 – 1,854 1,854 – With an allowance recorded: Single family 57 57 3 65 65 3 Church 83 83 4 100 100 4 Total $ 1,712 $ 1,712 $ 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: For the Year Ended December 31, 2022 For the Year Ended December 31, 2021 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 83 $ 3 $ 66 $ 5 Multi‑family – – 290 19 Church 2,381 103 2,310 176 Total $ 2,464 $ 106 $ 2,666 $ 200
Aging of Recorded Investment in Past Due Loans by Loan Type	The following tables present the aging of the recorded investment in past due loans by loan type as of the periods indicated: December 31, 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 $ – $ – $ – $ – $ 30,038 $ 30,038 Multi-family – – – – 503,896 503,896 Commercial real estate – – – – 114,574 114,574 Church – – – – 15,780 15,780 Construction – – – – 40,703 40,703 Commercial - other – – – – 64,841 64,841 SBA loans – – – – 3,601 3,601 Consumer – – – – 11 11 Total $ – $ – $ – $ – $ 773,444 $ 773,444 December 31, 2021 30‑59 Days Past Due 60‑89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single family $ – $ – $ – $ – $ 45,372 $ 45,372 Multi-family – – – – 395,230 395,230 Commercial real estate – 2,423 – 2,423 90,770 93,193 Church – – – – 22,503 22,503 Construction – – – – 32,072 32,072 Commercial - other – – – – 46,539 46,539 SBA loans – – – – 18,837 18,837 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 periods indicated: December 31, 2022 December 31, 2021 Loans receivable held for investment: (In thousands) Church 144 684 Total non-accrual loans $ 144 $ 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: December 31, 2022 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single family $ 29,022 $ 354 $ 260 $ 402 $ – $ – $ 30,038 Multi-family 479,182 9,855 14,859 – – – 503,896 Commercial real estate 104,066 4,524 1,471 4,513 – – 114,574 Church 14,505 728 – 547 – – 15,780 Construction 2,173 38,530 – – – – 40,703 Commercial – others 53,396 11,157 – 288 – – 64,841 SBA 3,032 569 – – – – 3,601 Consumer 11 – – – – – 11 Total $ 685,387 $ 65,717 $ 16,590 $ 5,750 $ – $ – $ 773,444 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 – others 33,988 12,551 – – – – 46,539 SBA 18,665 – 172 – – – 18,837 Total $ 573,048 $ 50,465 $ 10,865 $ 19,368 $ – $ – $ 653,746

Office Properties and Equipme_2

Office Properties and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2022
Office Properties and Equipment, net [Abstract]
Office Properties and Equipment	Year‑end office properties and equipment were as follows: December 31, 2022 December 31, 2021 (In thousands) Land $ 5,322 $ 5,322 Office buildings and improvements 6,303 5,763 Rights of use assets 889 1,120 Furniture, fixtures, and equipment 2,185 2,171 14,699 14,376 Less accumulated depreciation (4,408 ) (4,032 ) Office properties and equipment, net $ 10,291 $ 10,344

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Additional Information Related to Operating Leases	Additional information regarding our operating leases is summarized below for the periods indicated (dollars in thousands): Year Ended December 31, 2022 Year Ended Cash paid for amounts included in the measurement of lease liabilities for operating leases: $ 229 $ 57 ROU assets obtained in exchange for lease liabilities – 1,119 Weighted average remaining lease term in months 45 57 Weighted average discount rate 1.1 % 1.1 %
Future Minimum Lease Payments for Operating Lease	The future minimum payments for operating leases with remaining terms of one year or more as of December 31, 2022 were as follows (in thousands): Year ended December 31, 2023 $ 236 Year ended December 31, 2024 244 Year ended December 31, 2025 252 Year ended December 31, 2026 194 Total future minimum lease payments 926 Amounts representing interest (20 ) Present value of net future minimum lease payments $ 906

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Core Deposit Intangible [Abstract]
Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles	The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the year ended December 31, 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 – (435 ) Impairment – – Balance at the end of the period $ 25,858 $ 2,501
Components of Carrying Value and Accumulated Amortization of Core Deposit Intangible	The deposit intangible consisted of the following at December 31, 2022: (In thousands) Core deposit intangible acquired $ 3,329 Less: accumulated amortization (828 ) $ 2,501
Estimated Amortization Expense for Core Deposit Intangible	The following table outlines the estimated amortization expense related to the core deposit intangible during the next five fiscal years: (In thousands) 2023 $ 390 2024 336 2025 315 2026 304 2027 291 Thereafter 865 $ 2,501

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022 Securities available-for-sale: Federal agency mortgage-backed $ – $ 74,169 $ – $ 74,169 Federal agency CMO – 26,100 – 26,100 Federal agency debt – 51,425 – 51,425 Municipal bonds – 4,197 – 4,197 U.S. Treasuries 160,589 – – 160,589 SBA pools – 12,269 – 12,269 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	The carrying amounts and estimated fair values of financial instruments as of the periods indicated were as follows: Carrying Fair Value Measurements at December 31, 2022 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 16,105 $ 16,105 $ – $ – $ 16,105 Securities available-for-sale 328,749 160,589 168,160 – 328,749 Loans receivable held for investment 768,046 – – 641,088 641,088 Accrued interest receivable 3,973 442 793 2,738 3,973 Bank owned life insurance 3,233 3,233 – – 3,233 Financial Liabilities: Deposits $ 686,916 $ – $ 673,615 $ – $ 673,615 Federal Home Loan Bank advances 128,344 – 126,328 – 126,328 Securities sold under agreements to repurchase 63,471 – 60,017 – 60,017 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 453 – 453 – 453 Carrying Fair Value Measurements at December 31, 2021 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 231,520 $ 231,520 $ – $ – $ 231,520 Securities available-for-sale 156,396 17,951 138,445 – 156,396 Loans receivable held for investment 648,513 – – 623,778 623,778 Accrued interest receivable 3,372 19 1,089 2,264 3,372 Bank owned life insurance 3,190 3,190 – – 3,190 Financial Liabilities: Deposits $ 788,052 $ – $ 754,181 $ – $ 754,181 Federal Home Loan Bank advances 85,952 – 87,082 – 87,082 Securities sold under agreements to repurchase 51,960 – 51,960 – 51,960 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 119 – 119 – 119

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Deposits	Deposits are summarized as follows: December 31, 2022 December 31, 2021 (In thousands) Interest checking and other demand deposits $ 5,764 $ 90,285 Non‑interest-bearing demand deposits 328,577 220,152 Money market deposits 155,200 204,888 Savings deposits 62,322 70,750 Certificates of deposit 135,053 201,977 Total $ 686,916 $ 788,052
Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit for the next five years are as follows: Maturity Amount (In thousands) 2023 $ 118,070 2024 10,767 2025 729 2026 5,312 2027 167 Thereafter 8 $ 135,053

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances (Tables)	12 Months Ended
	Dec. 31, 2022
Federal Home Loan Bank Advances [Abstract]
Information Regarding FHLB Advances	The following table summarizes information relating to FHLB advances at or for the periods indicated: At or For the Year Ended December 31, 2022 2021 (Dollars in thousands) FHLB Advances: Average balance outstanding during the year $ 61,593 $ 100,471 Maximum amount outstanding at any month‑end during the year $ 128,823 $ 113,580 Balance outstanding at end of year $ 128,344 $ 85,952 Weighted average interest rate at end of year 3.74 % 1.85 % Average cost of advances during the year 1.74 % 1.96 % Weighted average maturity (in months) 13 22
Scheduled Maturities of FHLB Advances	Scheduled maturities of FHLB advances are as follows: Amount (In thousands) 2023 $ 95,500 2024 – 2025 32,844 $ 128,344

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Employee Benefit Plans [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: December 31, 2022 December 31, 2021 (Dollars in thousands) Allocated to participants 1,057,504 1,087,216 Committed to be released 9,892 10,064 Suspense shares 948,488 521,618 Total ESOP shares 2,015,884 1,618,898 Fair value of unearned shares $ 1,015 $ 1,454

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes [Abstract]
Income Tax Expense (Benefit)	Income tax expense (benefit) was as follows: 2022 2021 (In thousands) Current Federal $ 700 $ 4 State 218 (38 ) Deferred Federal 944 (909 ) State 551 (363 ) Change in Valuation Allowance – 369 Total $ 2,413 $ (937 )
Effective Income Tax Rate Reconciliation	Effective tax rates differ from the federal statutory rate of 21% applied to income before income taxes due to the following: 2022 2021 (In thousands) Federal statutory rate times financial statement net gain (loss) $ 1,705 $ (1,026 ) Effect of: State taxes, net of federal benefit 623 (292 ) Earnings from bank owned life insurance (9 ) (9 ) Merger-related expense – 195 Low-income housing credits (6 ) (58 ) Change in valuation allowance – 369 Tax effect of stock-based compensation 25 (129 ) Other, net 75 13 Total $ 2,413 $ (937 )
Deferred Tax Assets and Liabilities	Year‑end deferred tax assets and liabilities were due to the following: 2022 2021 (In thousands) Deferred tax assets: Allowance for loan losses $ 1,063 $ 677 Accrued liabilities 555 954 State income taxes 45 1 Stock compensation 226 154 Net operating loss carryforward 2,616 3,946 Non‑accrual loan interest – 51 Partnership investment 257 155 General business credit 1,962 2,006 Alternative minimum tax credit 5 5 Net unrealized loss on securities available-for-sale 7,388 464 Right of use liability 266 319 Fair value adjustment on acquired loans 291 521 Other 332 363 Total deferred tax assets 15,006 9,616 Less: valuation allowance (369 ) (369 ) Total deferred tax assets , net of valuation allowance 14,637 9,247 Deferred tax liabilities: Section 481 adjustments to bad debts (7 ) (6 ) Deferred loan fees/costs (776 ) (750 ) Basis difference on fixed assets (723 ) (702 ) FHLB stock dividends (90 ) (98 ) Nonaccrual loan interest (8 ) – Prepaid expenses (186 ) (220 ) Right of use assets (256 ) (317 ) Core deposit intangibles (719 ) (1,053 ) Total deferred tax liabilities (2,765 ) (3,146 ) Net deferred tax assets $ 11,872 $ 6,101

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity during the year ended December 31, 2022: 2022 Number Outstanding Weighted Average Exercise Price Outstanding at beginning of year 450,000 $ 1.62 Granted during the year – – Exercised during the year – – Forfeited or expired during the year (200,000 ) – Outstanding at end of year 250,000 $ 1.62 Exercisable at end of year 250,000 $ 1.62
Options Outstanding and Exercisable	Options outstanding and exercisable at year‑end 2022 were as follows: Outstanding Exercisable Grant Date Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value February 24, 2016 250,000 $ 1.62 250,000 $ 1.62 250,000 3.13 years $ 1.62 $ – 250,000 $ 1.62 $ –
Summary of Restricted Stock Unit Activity	A summary of restricted stock unit activity for the year ended December 31, 2022 is as follows: Restricted Stock Units (In thousands) Weighted Average Grant Date Fair Value Remaining Contractual Life (months) Unvested at December 31, 2021 – – – Granted during period 495,262 $ 1.53 53 Vested during period – – – Forfeited or expired during period (71,668 ) – – Unvested at December 31, 2022 423,594 $ 1.53 43

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Matters [Abstract]
Actual and Required Capital Amounts and Ratios	City First Bank, N.A. elected to adopt the CBLR option on April 1, 2020 as reflected in its June 30, 2020 Call Report. Its CBLR as of December 31, 2022 and 2021 is shown in the table below. Actual Minimum Required to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2022 Community Bank Leverage Ratio $ 181,304 15.75 % $ 103,591 9.00 % December 31, 2021 Community Bank Leverage Ratio $ 98,590 9.32 % $ 89,871 8.50 %

Loan Commitments and Other Re_2

Loan Commitments and Other Related Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Loan Commitments and Other Related Activities [Abstract]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk	The contractual amounts of financial instruments with off‑balance‑sheet risk at year‑end were as follows: 2022 2021 (In thousands) Commitments to make loans $ 15,160 $ 13,384 Unfunded construction loans 27,811 10,352 Unused lines of credit – variable rates 13,341 9,326

Parent Company Only Condensed_2

Parent Company Only Condensed Financial Information (Tables)	12 Months Ended
	Dec. 31, 2022
Parent Company Only Condensed Financial Information [Abstract]
Condensed Balance Sheet	Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheet December 31, 2022 2021 (In thousands) Assets Cash and cash equivalents $ 84,015 $ 9,305 Investment in bank subsidiary 192,977 131,540 Other assets 2,725 4,068 Total assets $ 279,717 $ 144,913 Liabilities and stockholders’ equity Accrued expenses and other liabilities $ 235 $ 583 Stockholders’ equity 279,482 144,330 Total liabilities and stockholders’ equity $ 279,717 $ 144,913
Condensed Statements of Income	Condensed Statements of Income Years Ended December 31, 2022 2021 (In thousands) Interest income $ 88 $ 27 Interest expense – (60 ) Other expense (877 ) (1,982 ) Income (loss) before income tax and undistributed subsidiary income (789 ) (2,015 ) Income tax benefits 85 405 Equity in undistributed subsidiary income (loss) 6,340 (2,440 ) Net income (loss) $ 5,636 $ (4,050 )
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years Ended December 31, 2022 2021 (In thousands) Cash flows from operating activities Net income (loss) $ 5,636 $ (4,050 ) Adjustments to reconcile net loss to net cash used in operating activities: Equity in undistributed subsidiary loss (income) (6,340 ) 2,440 Change in other assets 1,196 (1,333 ) Change in accrued expenses and other liabilities (348 ) 504 Net cash used in operating activities 144 (2,439 ) Cash flows from investing activities Capital distribution to bank subsidiary (75,000 ) (20,000 ) Dividends from bank subsidiary – 700 Net cash (used in) provided by investing activities (75,000 ) (19,300 ) Cash flows from financing activities Proceeds from sale of stock – 30,837 Issuance of preferred stock 150,000 – Repayments of borrowings – (3,315 ) Equity in CFBanc Corp on date of purchase – 3,330 Increase in unreleased ESOP shares (500 ) – Proceeds from repayment of ESOP loan 66 66 Net cash used in financing activities 149,566 30,918 Net change in cash and cash equivalents 74,710 9,179 Beginning cash and cash equivalents 9,305 126 Ending cash and cash equivalents $ 84,015 $ 9,305

Earnings (Loss) Per Common Sh_2

Earnings (Loss) Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings (Loss) Per Common Share [Abstract]
Factors Used in Earnings Per Common Share Computation	The factors used in the earnings per common share computation follow: 2022 2021 (Dollars in thousands, except share and per share) Net income (loss) attributable to Broadway Financial Corporation $ 5,636 $ (4,050 ) Less net income (loss) attributable to participating securities 32 2 Income (loss) available to common stockholders $ 5,604 $ (4,052 ) Weighted average common shares outstanding for basic earnings (loss) per common share 72,409,020 60,151,556 Add: dilutive effects of unvested restricted stock awards 413,892 – Add: dilutive effects of assumed exercise of stock options – – Weighted average common shares outstanding for diluted earnings (loss) per common share 72,822,912 60,151,556 Earnings (loss) per common share - basic $ 0.08 $ (0.07 ) Earnings (loss) per common share - diluted $ 0.08 $ (0.07 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies, Nature of Operations and Principles of Consolidation (Details)	Dec. 31, 2022 Office
Summary of Significant Accounting Policies [Abstract]
Number of retail-banking offices	3

Summary of Significant Accoun_4

Summary of Significant Accounting Policies, Loans Receivable Held for Investment (Details)	12 Months Ended
	Dec. 31, 2022
Loans Receivable Held for Investment [Abstract]
Delinquency period for interest income to be discontinued on loans	90 days

Summary of Significant Accoun_5

Summary of Significant Accounting Policies, Loans Purchased and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans Purchased [Abstract]
Purchase of loans receivable held for investment	$ 0	$ 0
Allowance for Loan Losses [Abstract]
Length of period over which historical loss experience is determined	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies, Business Combinations (Details)	12 Months Ended
	Dec. 31, 2022
Core Deposit Intangible [Member]
Business Combinations [Abstract]
Estimated useful life	10 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies, Office Properties and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Office Buildings and Improvements [Member] | Minimum [Member]
Office Properties and Equipment [Abstract]
Useful life	10 years
Office Buildings and Improvements [Member] | Maximum [Member]
Office Properties and Equipment [Abstract]
Useful life	40 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Office Properties and Equipment [Abstract]
Useful life	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Office Properties and Equipment [Abstract]
Useful life	10 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies, Investment in Affordable Housing Limited Partnership (Details)	12 Months Ended
	Dec. 31, 2022
Affordable Housing Limited Partnership [Member] | Maximum [Member]
Investment in Affordable Housing Limited Partnership [Abstract]
Ownership interest	5%

Summary of Significant Accoun_9

Summary of Significant Accounting Policies, Earnings (Loss) Per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings (Loss) Per Common Share [Abstract]
Unvested stock awards or potential common shares issuable under stock options (in shares)	413,892	0

Summary of Significant Accou_10

Summary of Significant Accounting Policies, Operating Segments (Details) - Segment	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Segments [Abstract]
Number of reportable business segments	1	1

Business Combination, Summary (

Business Combination, Summary (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Apr. 02, 2021 USD ($) $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2021 $ / shares
Acquisition [Abstract]
Professional services costs		$ 2,758	$ 3,701
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]
Transaction costs			5,600
Compensation costs			3,200
Professional services costs			$ 2,400
Consideration transferred	$ 66,300
Goodwill	$ 26,000
CFBanc Corporation [Member] | Common Class A [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares				$ 0.5
CFBanc Corporation [Member] | Common Class B [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares				0.5
CFBanc Corporation [Member] | Series B Preferred Stock [Member]
Acquisition [Abstract]
Common stock, par value (in dollars per share) | $ / shares				$ 0.5

Business Combination, Assets Ac

Business Combination, Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 02, 2021	Dec. 31, 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	(1,470)
Core deposit intangible	3,329
Other assets	0
Total assets	4,292
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	4,132
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	(580)
Core deposit intangible	3,329
Other assets	2,290
Total assets	475,295
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	40,399
Consideration paid	66,257
Goodwill recognized	$ 25,858

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
Non-accretable 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
Non-accretable difference (cash flows not expected to be collected)	(634)
Expected cash flows	1,191
Accretable yield	(346)
Fair value of acquired loans	$ 845

Capital (Details)

Capital (Details) $ / shares in Units, $ in Millions				3 Months Ended
	Jun. 07, 2022 USD ($) $ / shares shares	Apr. 06, 2021 $ / shares shares	Apr. 06, 2021 USD ($) $ / shares shares	Mar. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 $ / shares	Dec. 31, 2021 $ / shares
Private Placement [Abstract]
Shares outstanding (in shares)		27,898,894
Shares issued in merger (in shares)		25,404,491
Shares exchanged post-merger (in shares)		0
Shares cancelled (in shares)		(52,105)
Shares issued in private placements (in shares)		18,474,000
Fractional shares cancelled (in shares)		(23)
Shares outstanding (in shares)		71,725,257	71,725,257
Private Placement [Member]
Private Placement [Abstract]
Aggregate purchase price | $			$ 30.8
Purchase price of common stock (in dollars per share) | $ / shares		$ 1.78	$ 1.78
Shares issued in private placements (in shares)			18,474,000
Non-Cumulative Perpetual Preferred Stock, Series C [Member]
Private Placement [Abstract]
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01
Shares issued (in shares)	150,000
Aggregate purchase price | $	$ 150
Preferred stock, liquidation value (in dollars per share) | $ / shares	$ 1,000				$ 1,000	$ 1,000
Initial dividend rate for first two years after issuance	0
Floor dividend rate	0.50%
Ceiling dividend rate	2%
Cumulative Redeemable Perpetual Preferred Stock, Series A [Member]
Private Placement [Abstract]
Preferred stock, liquidation value (in dollars per share) | $ / shares					$ 1,000	$ 1,000
Preferred stock, aggregate liquidation value | $				$ 3
Common Class A [Member]
Private Placement [Abstract]
Common stock, shares issued upon conversion from preferred stock (in shares)				1,193,317
Exchange price (in dollars per share) | $ / shares				$ 2.51
Voting Class A Common Stock [Member]
Private Placement [Abstract]
Shares outstanding (in shares)		19,142,498
Shares issued in merger (in shares)		13,999,870
Shares exchanged post-merger (in shares)		(681,300)
Shares cancelled (in shares)		(52,105)
Shares issued in private placements (in shares)		11,221,921
Fractional shares cancelled (in shares)		(20)
Shares outstanding (in shares)		43,630,864	43,630,864
Nonvoting Class B Common Stock [Member]
Private Placement [Abstract]
Shares outstanding (in shares)		0
Shares issued in merger (in shares)		11,404,621
Shares exchanged post-merger (in shares)		0
Shares cancelled (in shares)		0
Shares issued in private placements (in shares)		0
Fractional shares cancelled (in shares)		(3)
Shares outstanding (in shares)		11,404,618	11,404,618
Nonvoting Class C Common Stock [Member]
Private Placement [Abstract]
Shares outstanding (in shares)		8,756,396
Shares issued in merger (in shares)		0
Shares exchanged post-merger (in shares)		681,300
Shares cancelled (in shares)		0
Shares issued in private placements (in shares)		7,252,079
Fractional shares cancelled (in shares)		0
Shares outstanding (in shares)		16,689,775	16,689,775

Securities, Available-for-Sale

Securities, Available-for-Sale Investment Securities Portfolios (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 353,329	$ 156,929
Gross unrealized gains	37	475
Gross unrealized losses	(24,617)	(1,008)
Fair value	328,749	156,396
Securities [Abstract]
Sales of securities	0	0
Federal Agency Mortgage-backed Securities [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	84,955	70,078
Gross unrealized gains	2	196
Gross unrealized losses	(10,788)	(244)
Fair value	74,169	70,030
Federal Agency Collateralized Mortgage Obligation ("CMO") [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	27,776	9,391
Gross unrealized gains	0	11
Gross unrealized losses	(1,676)	(115)
Fair value	26,100	9,287
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	55,687	38,152
Gross unrealized gains	26	106
Gross unrealized losses	(4,288)	(270)
Fair value	51,425	37,988
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	4,866	4,898
Gross unrealized gains	0	40
Gross unrealized losses	(669)	(23)
Fair value	4,197	4,915
U.S. Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	165,997	18,169
Gross unrealized gains	0	0
Gross unrealized losses	(5,408)	(218)
Fair value	160,589	17,951
SBA Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	14,048	16,241
Gross unrealized gains	9	122
Gross unrealized losses	(1,788)	(138)
Fair value	$ 12,269	$ 16,225

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Available for sale, amortized cost [Abstract]
Due in one year or less		$ 4,997
Due after one year through five years		214,003
Due after five years through ten years		36,862
Due after ten years	[1]	97,467
Amortized cost		353,329	$ 156,929
Available for sale, gross unrealized gains [Abstract]
Due in one year or less		0
Due after one year through five years		0
Due after five years through ten years		27
Due after ten years	[1]	10
Gross unrealized gains		37	475
Available for sale, gross unrealized losses [Abstract]
Due in one year or less		(107)
Due after one year through five years		(8,871)
Due after five years through ten years		(3,228)
Due after ten years	[1]	(12,411)
Gross unrealized losses		(24,617)	(1,008)
Available for sale, fair value [Abstract]
Due in one year or less		4,890
Due after one year through five years		205,132
Due after five years through ten years		33,661
Due after ten years	[1]	85,066
Fair value		$ 328,749	$ 156,396
[1]Mortgage-backed securities, CMOs and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.

Securities, Securities with Unr

Securities, Securities with Unrealized Losses, Securities Pledged as Collateral and Holdings of Securities by One Issuer in Amount Greater Than 10% of Stockholders' Equity (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	$ 64.4	$ 53.2
Securities of any one issuer, other than U.S. Government, exceeding 10% of stockholders' equity	0	0
Asset Pledged as Collateral [Member] | Deposits [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged to secure public deposits	0	0
Federal Agency Mortgage-backed Securities [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	11.9	25.9
Federal Agency Debt [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	33.3	13.3
US Treasury Securities [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	$ 19.2
SBA Pools [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged		9.8
Federal Agency CMO [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged		$ 4.2

Securities, Unrealized Loss Pos

Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 235,668	$ 111,168
More than 12 months, fair value	87,969	0
Total, fair value	323,637	111,168
Less than 12 months, unrealized losses	(11,785)	(1,008)
More than 12 months, unrealized losses	(12,832)	0
Total, unrealized losses	(24,617)	(1,008)
Federal Agency Mortgage-backed Securities [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	38,380	49,265
More than 12 months, fair value	35,526	0
Total, fair value	73,906	49,265
Less than 12 months, unrealized losses	(4,807)	(245)
More than 12 months, unrealized losses	(5,981)	0
Total, unrealized losses	(10,788)	(245)
Federal Agency CMO [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	20,997	6,882
More than 12 months, fair value	5,103	0
Total, fair value	26,100	6,882
Less than 12 months, unrealized losses	(885)	(115)
More than 12 months, unrealized losses	(791)	0
Total, unrealized losses	(1,676)	(115)
Federal Agency Debt [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	26,383	25,413
More than 12 months, fair value	21,956	0
Total, fair value	48,339	25,413
Less than 12 months, unrealized losses	(1,529)	(269)
More than 12 months, unrealized losses	(2,759)	0
Total, unrealized losses	(4,288)	(269)
Municipal Bonds [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	2,176	2,349
More than 12 months, fair value	2,021	0
Total, fair value	4,197	2,349
Less than 12 months, unrealized losses	(315)	(23)
More than 12 months, unrealized losses	(354)	0
Total, unrealized losses	(669)	(23)
U.S. Treasuries [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	143,989	17,950
More than 12 months, fair value	16,600	0
Total, fair value	160,589	17,950
Less than 12 months, unrealized losses	(3,884)	(218)
More than 12 months, unrealized losses	(1,524)	0
Total, unrealized losses	(5,408)	(218)
SBA Pools [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	3,743	9,309
More than 12 months, fair value	6,763	0
Total, fair value	10,506	9,309
Less than 12 months, unrealized losses	(365)	(138)
More than 12 months, unrealized losses	(1,423)	0
Total, unrealized losses	$ (1,788)	$ (138)

Loans Receivable Held for Inv_3

Loans Receivable Held for Investment, Summary (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 771,689	$ 652,220
Unamortized net deferred loan costs and premiums		1,755	1,526
Gross loans receivable		773,444	653,746
Credit and interest marks on purchased loans, net		(1,010)	(1,842)
Allowance for loan losses		(4,388)	(3,391)	$ (3,215)
Loans receivable, net		768,046	648,513
Real Estate [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		30,038	45,372
Gross loans receivable		30,038	45,372
Allowance for loan losses		(109)	(145)	(296)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		502,141	393,704
Gross loans receivable		503,896	395,230
Allowance for loan losses		(3,273)	(2,657)	(2,433)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		114,574	93,193
Gross loans receivable		114,574	93,193
Allowance for loan losses		(449)	(236)	(222)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		15,780	22,503
Gross loans receivable		15,780	22,503
Allowance for loan losses		(65)	(103)	(237)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		40,703	32,072
Gross loans receivable		40,703	32,072
Allowance for loan losses		(313)	(212)	(22)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		64,841	46,539
Gross loans receivable		68,442	65,376
Allowance for loan losses		(175)	(23)	(4)
Commercial - Other [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 2,700	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]	$ 3,601	18,837
Gross loans receivable		3,601	18,837
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		11	0
Gross loans receivable		11	0
Allowance for loan losses		$ (4)	$ (15)	$ (1)
[1]Including Paycheck Protection Program (PPP) loans.

Loans Receivable Held for Inv_4

Loans Receivable Held for Investment, Activity in Allowance for Loan Losses by Loan Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	$ 3,391	$ 3,215
Provision for (recapture of) loan losses	997	176
Recoveries	0	0
Loans charged off	0	0
Ending balance	4,388	3,391
Real Estate [Member] | Single Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	145	296
Provision for (recapture of) loan losses	(36)	(151)
Recoveries	0	0
Loans charged off	0	0
Ending balance	109	145
Real Estate [Member] | Multi-Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	2,657	2,433
Provision for (recapture of) loan losses	616	224
Recoveries	0	0
Loans charged off	0	0
Ending balance	3,273	2,657
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	236	222
Provision for (recapture of) loan losses	213	14
Recoveries	0	0
Loans charged off	0	0
Ending balance	449	236
Real Estate [Member] | Church [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	103	237
Provision for (recapture of) loan losses	(38)	(134)
Recoveries	0	0
Loans charged off	0	0
Ending balance	65	103
Real Estate [Member] | Construction [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	212	22
Provision for (recapture of) loan losses	101	190
Recoveries	0	0
Loans charged off	0	0
Ending balance	313	212
Commercial - Other [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	23	4
Provision for (recapture of) loan losses	152	19
Recoveries	0	0
Loans charged off	0	0
Ending balance	175	23
Consumer [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance	15	1
Provision for (recapture of) loan losses	(11)	14
Recoveries	0	0
Loans charged off	0	0
Ending balance	$ 4	$ 15

Loans Receivable Held for Inv_5

Loans Receivable Held for Investment, Purchased Credit Impaired (PCI) Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Loan	Dec. 31, 2021 USD ($)
Purchased Credit Impaired Loans [Abstract]
Number of acquired loans with evidence of credit deterioration of credit quality since origination at acquisition | Loan	0
Loans receivable	$ 768,046	$ 648,513
Accretable Yield on Purchased Credit Impaired Loans [Roll Forward]
Number of purchased credit impaired loans classified as nonaccrual | Loan	0
Purchased Credit Impaired Loans [Member]
Accretable Yield on Purchased Credit Impaired Loans [Roll Forward]
Balance at the beginning of the period	$ 289	0
Additions	0	346
Accretion	(262)	(57)
Balance at the end of the period	27	289
Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	125	883
Real Estate [Member] | Single Family [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	68	558
Real Estate [Member] | Commercial Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	0	221
Commercial - Other [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	$ 57	$ 104

Loans Receivable Held for Inv_6

Loans Receivable Held for Investment, Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	$ 7	$ 7
Collectively evaluated for impairment	4,381	3,384
Total ending allowance balance	4,388	3,391	$ 3,215
Loans [Abstract]
Loans individually evaluated for impairment	1,712	2,301
Loans collectively evaluated for impairment	624,468	447,692
Subtotal	626,180	449,993
Loans acquired in the merger	147,264	203,753
Gross loans receivable	773,444	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	106	142
Total ending allowance balance	109	145	296
Loans [Abstract]
Loans individually evaluated for impairment	57	65
Loans collectively evaluated for impairment	20,893	32,599
Subtotal	20,950	32,664
Loans acquired in the merger	9,088	12,708
Gross loans receivable	30,038	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	3,273	2,657
Total ending allowance balance	3,273	2,657	2,433
Loans [Abstract]
Loans individually evaluated for impairment	0	282
Loans collectively evaluated for impairment	462,539	353,179
Subtotal	462,539	353,461
Loans acquired in the merger	41,357	41,769
Gross loans receivable	503,896	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	449	236
Total ending allowance balance	449	236	222
Loans [Abstract]
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	63,929	25,507
Subtotal	63,929	25,507
Loans acquired in the merger	50,645	67,686
Gross loans receivable	114,574	93,193
Real Estate [Member] | Church [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	4	4
Collectively evaluated for impairment	61	99
Total ending allowance balance	65	103	237
Loans [Abstract]
Loans individually evaluated for impairment	1,655	1,954
Loans collectively evaluated for impairment	9,008	9,058
Subtotal	10,663	11,012
Loans acquired in the merger	5,117	11,491
Gross loans receivable	15,780	22,503
Real Estate [Member] | Construction [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	313	212
Total ending allowance balance	313	212	22
Loans [Abstract]
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	38,530	24,225
Subtotal	38,530	24,225
Loans acquired in the merger	2,173	7,847
Gross loans receivable	40,703	32,072
Commercial - Other [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	175	23
Total ending allowance balance	175	23	4
Loans [Abstract]
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	29,558	3,124
Subtotal	29,558	3,124
Loans acquired in the merger	38,884	62,252
Gross loans receivable	68,442	65,376
Consumer [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	4	15
Total ending allowance balance	4	15	$ 1
Loans [Abstract]
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	11	0
Subtotal	11	0
Loans acquired in the merger	0	0
Gross loans receivable	$ 11	$ 0

Loans Receivable Held for Inv_7

Loans Receivable Held for Investment, Loans Individually Evaluated for Impairment by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
With an Allowance Recorded [Abstract]
Allowance for loan losses allocated	$ 7	$ 7
Total [Abstract]
Unpaid principal balance	1,712	2,301
Recorded investment	1,712	2,301
Real Estate [Member] | Single Family [Member]
With an Allowance Recorded [Abstract]
Unpaid principal balance	57	65
Recorded investment	57	65
Allowance for loan losses allocated	3	3
Real Estate [Member] | Multi-Family [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	0	282
Recorded investment	0	282
Real Estate [Member] | Church [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	1,572	1,854
Recorded investment	1,572	1,854
With an Allowance Recorded [Abstract]
Unpaid principal balance	83	100
Recorded investment	83	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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	$ 2,464	$ 2,666
Cash basis interest income recognized	106	200
Foregone interest income	31	71
Real Estate [Member] | Single Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	83	66
Cash basis interest income recognized	3	5
Real Estate [Member] | Multi-Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	0	290
Cash basis interest income recognized	0	19
Real Estate [Member] | Church [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	2,381	2,310
Cash basis interest income recognized	$ 103	$ 176

Loans Receivable Held for Inv_9

Loans Receivable Held for Investment, Aging of Recorded Investment in Past Due Loans by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 773,444	$ 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	773,444	651,323
Real Estate [Member] | Single Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	30,038	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	30,038	45,372
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	503,896	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	503,896	395,230
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	114,574	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	114,574	90,770
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	15,780	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	15,780	22,503
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	40,703	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	40,703	32,072
Commercial - Others [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	64,841	46,539
Commercial - Others [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Others [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 - Others [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 - Others [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 - Others [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	64,841	46,539
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	3,601	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	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	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	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	0
SBA Loans [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	3,601	18,837
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	11	$ 0
Consumer [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	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
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	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
Consumer [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 11

Loans Receivable Held for In_10

Loans Receivable Held for Investment, Recorded Investment in Non-accrual Loans by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 144	$ 684
Loans 90 days or more delinquent that were accruing interest	0	0
Recorded total loans	773,444	653,746
Delinquent [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans	0	2,423
Real Estate [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans	30,038	45,372
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	144	684
Recorded total loans	15,780	22,503
Real Estate [Member] | Delinquent [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans	0	0
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 (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Loan	Dec. 31, 2021 USD ($) Loan
Troubled Debt Restructurings [Abstract]
Loans classified as troubled debt restructurings	$ 1,700	$ 1,800
Specific reserves allocated to TDRs	$ 7	7
Timely payment period for return to accrual status	6 months
Commitments to lend additional amounts to customers with TDRs	$ 0	$ 0
Number of loans modified | Loan	0	0
Non-accrual Status [Member]
Troubled Debt Restructurings [Abstract]
Loans classified as troubled debt restructurings	$ 144	$ 188
Accrual Status [Member]
Troubled Debt Restructurings [Abstract]
Loans classified as troubled debt restructurings	$ 1,600	$ 1,600

Loans Receivable Held for In_12

Loans Receivable Held for Investment, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 773,444	$ 653,746
Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	685,387	573,048
Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	65,717	50,465
Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	16,590	10,865
Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	5,750	19,368
Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	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	30,038	45,372
Real Estate [Member] | Single Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	29,022	42,454
Real Estate [Member] | Single Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	354	1,343
Real Estate [Member] | Single Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	260	271
Real Estate [Member] | Single Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	402	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	503,896	395,230
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	479,182	378,141
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	9,855	7,987
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	14,859	575
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	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	114,574	93,193
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	104,066	69,257
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,524	7,034
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,471	9,847
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,513	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	15,780	22,503
Real Estate [Member] | Church [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	14,505	20,021
Real Estate [Member] | Church [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	728	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	547	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	40,703	32,072
Real Estate [Member] | Construction [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,173	10,522
Real Estate [Member] | Construction [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	38,530	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 - Others [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	64,841	46,539
Commercial - Others [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	53,396	33,988
Commercial - Others [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	11,157	12,551
Commercial - Others [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Commercial - Others [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	288	0
Commercial - Others [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Commercial - Others [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	3,601	18,837
SBA Loans [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	3,032	18,665
SBA Loans [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	569	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	11	$ 0
Consumer [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	11
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

Office Properties and Equipme_3

Office Properties and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	$ 14,699	$ 14,376
Less accumulated depreciation	(4,408)	(4,032)
Office properties and equipment, net	10,291	10,344
Depreciation expense	376	287
Land [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	5,322	5,322
Office Buildings and Improvements [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	6,303	5,763
Rights of Use Assets [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	889	1,120
Furniture, Fixtures and Equipment [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	$ 2,185	$ 2,171

Leases, Operating Leases (Detai

Leases, Operating Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Option	Dec. 31, 2021 USD ($)
Operating Lease [Abstract]
ROU asset	$ 889
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Operating lease liability	$ 906
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities
Number of options to extend | Option	1
Operating lease, extension term	5 years
Rent expense	$ 214	$ 478

Leases, Additional Information

Leases, Additional Information for Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities for operating leases	$ 229	$ 57
ROU assets obtained in exchange for lease liabilities	$ 0	$ 1,119
Weighted average remaining lease term in months	45 months	57 months
Weighted average discount rate	1.10%	1.10%

Leases, Future Minimum Payments

Leases, Future Minimum Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Future Minimum Payments for Operating Leases [Abstract]
Year ended December 31, 2023	$ 236
Year ended December 31, 2024	244
Year ended December 31, 2025	252
Year ended December 31, 2026	194
Total future minimum lease payments	926
Amounts representing interest	(20)
Present value of net future minimum lease payments	$ 906
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible, Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance at the beginning of the period	$ 25,996
Additions	0
Change in deferred tax estimate	(138)
Amortization	0
Impairment	0	$ 0
Balance at the end of the period	25,858	25,996
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period	2,936
Amortization	(435)	(393)
Balance at the end of the period	2,501	2,936
Core Deposit Intangible [Member]
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period	2,936
Additions	0
Change in deferred tax estimate	0
Amortization	(435)
Impairment	0
Balance at the end of the period	$ 2,501	$ 2,936

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible, Components of Carrying Amount of Core Deposit Intangible (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Net core deposit intangible	$ 2,501	$ 2,936
Core Deposits [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Core deposit intangible acquired	3,329
Less: accumulated amortization	(828)
Net core deposit intangible	$ 2,501	$ 2,936

Goodwill and Core Deposit Int_5

Goodwill and Core Deposit Intangible, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 2,501	$ 2,936
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
2023	390
2024	336
2025	315
2026	304
2027	291
Thereafter	865
Net core deposit intangible	$ 2,501	$ 2,936

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 328,749	$ 156,396
Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	74,169	70,030
Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	26,100	9,287
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	51,425	37,988
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,197	4,915
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	160,589	17,951
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	12,269	16,225
Recurring Basis [Member] | Federal Agency Mortgage-backed [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	74,169	70,030
Recurring Basis [Member] | Federal Agency CMO [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	26,100	9,287
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	51,425	37,988
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,197	4,915
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	160,589	17,951
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	12,269	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	160,589	17,951
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	74,169	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	26,100	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	51,425	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	4,197	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	0	0
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	12,269	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, Fair Values of Fina

Fair Value, Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Assets [Abstract]
Securities available-for-sale	$ 328,749	$ 156,396
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	16,105	231,520
Securities available-for-sale	328,749	156,396
Loans receivable held for investment	768,046	648,513
Accrued interest receivable	3,973	3,372
Bank owned life insurance	3,233	3,190
Financial Liabilities [Abstract]
Deposits	686,916	788,052
Federal Home Loan Bank advances	128,344	85,952
Securities sold under agreements to repurchase	63,471	51,960
Note Payable	14,000	14,000
Accrued interest payable	453	119
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	16,105	231,520
Securities available-for-sale	328,749	156,396
Loans receivable held for investment	641,088	623,778
Accrued interest receivable	3,973	3,372
Bank owned life insurance	3,233	3,190
Financial Liabilities [Abstract]
Deposits	673,615	754,181
Federal Home Loan Bank advances	126,328	87,082
Securities sold under agreements to repurchase	60,017	51,960
Note Payable	14,000	14,000
Accrued interest payable	453	119
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	16,105	231,520
Securities available-for-sale	160,589	17,951
Loans receivable held for investment	0	0
Accrued interest receivable	442	19
Bank owned life insurance	3,233	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	168,160	138,445
Loans receivable held for investment	0	0
Accrued interest receivable	793	1,089
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	673,615	754,181
Federal Home Loan Bank advances	126,328	87,082
Securities sold under agreements to repurchase	60,017	51,960
Note Payable	0	0
Accrued interest payable	453	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	641,088	623,778
Accrued interest receivable	2,738	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

Deposits, Summary of Deposits (

Deposits, Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Summary of Deposits [Abstract]
Interest checking and other demand deposits	$ 5,764	$ 90,285
Non-interest-bearing demand deposits	328,577	220,152
Money market deposits	155,200	204,888
Savings deposits	62,322	70,750
Certificates of deposit	135,053	201,977
Total	686,916	788,052
Brokered deposits	4,300	5,000
Deposits not insured by FDIC insurance	212,900	265,800
Reciprocal Deposits from CDARS [Member]
Summary of Deposits [Abstract]
Aggregate amount of certificates of deposits in excess of insured limits	74,600	141,600
One-Way Deposits from CDARS [Member]
Summary of Deposits [Abstract]
Aggregate amount of certificates of deposits in excess of insured limits	$ 0	$ 223

Deposits, Certificate of Deposi

Deposits, Certificate of Deposit Maturities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Customer	Dec. 31, 2021 USD ($)
Maturities of Certificates of Deposit [Abstract]
2023	$ 118,070
2024	10,767
2025	729
2026	5,312
2027	167
Thereafter	8
Total	135,053	$ 201,977
Certificate of deposits in denominations of $250,000 or more	30,200	20,400
Deposits from principal officers, directors, and their affiliates	$ 24,300	$ 22,700
Deposits [Member] | Customer Concentration Risk [Member]
Maturities of Certificates of Deposit [Abstract]
Number of long-time customers | Customer	5
Deposits [Member] | Customer Concentration Risk [Member] | Five Customers [Member]
Maturities of Certificates of Deposit [Abstract]
Percentage of deposits	27%

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
FHLB Advances [Abstract]
Average balance outstanding during the year	$ 61,593	$ 100,471
Maximum amount outstanding at any month-end during the year	128,823	113,580
Balance outstanding at end of year	$ 128,344	$ 85,952
Weighted average interest rate at end of year	3.74%	1.85%
Average cost of advances during the year	1.74%	1.96%
Weighted average maturity (in months)	13 months	22 months
FHLB advances, collateral real estate loans	$ 773,444	$ 653,746
FHLB advances, remaining amount available to borrow	70,600
FHLB Maturity [Abstract]
2023	95,500
2024	0
2025	32,844
Total	128,344	85,952
Other Financial Institutions [Member]
FHLB Advances [Abstract]
Lines of credit	10,000
Commercial Real Estate [Member] | Asset Pledged as Collateral without Right [Member] | FHLB Advances [Member]
FHLB Advances [Abstract]
FHLB advances, collateral real estate loans	$ 328,100	$ 165,000

Junior Subordinated Debentures

Junior Subordinated Debentures (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 16, 2014	Dec. 31, 2022	Dec. 31, 2021	Sep. 17, 2021	Mar. 17, 2004
Debt Instrument [Abstract]
Payment of principal amount		$ 0	$ 3,315
Floating Rate Junior Subordinated Debentures [Member]
Debt Instrument [Abstract]
Junior subordinated debentures	$ 5,100			$ 2,800
Basis spread term		3 months
Payment of principal amount	$ 900
Debt instrument, maturity date		Mar. 17, 2024
Floating Rate Junior Subordinated Debentures [Member] | 3-Month LIBOR [Member]
Debt Instrument [Abstract]
Basis spread		2.54%
Private Placement [Member] | Floating Rate Junior Subordinated Debentures [Member]
Debt Instrument [Abstract]
Junior subordinated debentures					$ 6,000

Securities Sold Under Agreeme_2

Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 63,471	$ 51,960
Weighted average rate on repurchase agreements	0.38%	0.10%
Securities collateral pledged	$ 64,400	$ 53,200
Federal Agency Debt [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	33,300	13,300
U.S. Treasuries [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	19,200
Federal Agency Mortgage-backed Securities [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged	$ 11,900	25,900
SBA Pool Securities [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged		9,800
Federal Agency CMO [Member]
Repurchase Agreements [Abstract]
Securities collateral pledged		$ 4,200

Notes Payable (Details)

Notes Payable (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Note	Dec. 31, 2021 USD ($)
Notes Payable [Abstract]
Notes payable	$ 14,000	$ 14,000
Number of notes payables | Note	2
Note A [Member]
Notes Payable [Abstract]
Notes payable	$ 9,900
Interest rate	5.20%
Debt instrument, maturity date	Dec. 01, 2040
Note B [Member]
Notes Payable [Abstract]
Notes payable	$ 4,100
Interest rate	0.24%
Debt instrument, maturity date	Dec. 01, 2040

Employee Benefit Plans (Details

Employee Benefit Plans (Details) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) Plan shares
ESOP Plan [Abstract]
Number of common stock purchased by ESOP (in shares) | shares		466,955
Purchase price of common stock (in dollars per share) | $ / shares		$ 1.07
Total cost of shares purchased by ESOP | $		$ 500
Line of credit to ESOP | $		$ 5,000
Term of ESOP loan		20 years
Compensation expense related to ESOP | $		$ 66	$ 109
Shares Held by ESOP [Abstract]
Allocated to participants (in shares) | shares		1,057,504	1,087,216
Committed to be released (in shares) | shares		9,892	10,064
Suspense shares (in shares) | shares		948,488	521,618
Total ESOP shares (in shares) | shares		2,015,884	1,618,898
Fair value of unearned shares | $		$ 1,015	$ 1,454
Shares released for allocation (in shares) | shares		40,257	40,945
Unearned ESOP shares | $		$ 1,265	$ 829
Subsequent Event [Member]
ESOP Plan [Abstract]
Number of common stock purchased by ESOP (in shares) | shares	1,156,076
Purchase price of common stock (in dollars per share) | $ / shares	$ 1.3
Total cost of shares purchased by ESOP | $	$ 1,500
Pension Plan [Member]
401(k) Plan [Abstract]
Number of 401(k) plans | Plan			2
Pension Plan [Member] | City First Bank 401(k) Plan [Member]
401(k) Plan [Abstract]
Employee contributions as a percentage of their compensation		15%
Employer matching contribution, percent of match		50%
Employer matching contribution, percent of compensation contributed		6%
Additional employer matching contribution, percent of compensation contributed		3%
401(k) benefit plan expense | $		$ 309	$ 316

Income Taxes, Income Tax Expens

Income Taxes, Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current [Abstract]
Federal	$ 700	$ 4
State	218	(38)
Deferred [Abstract]
Federal	944	(909)
State	551	(363)
Change in Valuation Allowance	0	369
Total	$ 2,413	$ (937)

Income Taxes, Effective Income

Income Taxes, Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Provision of Income Taxes [Abstract]
Federal statutory rate	21%
Federal statutory rate times financial statement net gain (loss)	$ 1,705	$ (1,026)
Effect of [Abstract]
State taxes, net of federal benefit	623	(292)
Earnings from bank owned life insurance	(9)	(9)
Merger-related expense	0	195
Low-income housing credits	(6)	(58)
Change in valuation allowance	0	369
Tax effect of stock-based compensation	25	(129)
Other, net	75	13
Total	$ 2,413	$ (937)

Income Taxes, Deferred Tax Asse

Income Taxes, Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets [Abstract]
Allowance for loan losses	$ 1,063	$ 677
Accrued liabilities	555	954
State income taxes	45	1
Stock compensation	226	154
Net operating loss carryforward	2,616	3,946
Non-accrual loan interest	0	51
Partnership investment	257	155
General business credit	1,962	2,006
Alternative minimum tax credit	5	5
Net unrealized loss on securities available-for-sale	7,388	464
Right of use liability	266	319
Fair value adjustment on acquired loans	291	521
Other	332	363
Total deferred tax assets	15,006	9,616
Less: valuation allowance	(369)	(369)
Total deferred tax assets, net of valuation allowance	14,637	9,247
Deferred tax liabilities [Abstract]
Section 481 adjustments to bad debts	(7)	(6)
Deferred loan fees/costs	(776)	(750)
Basis difference on fixed assets	(723)	(702)
FHLB stock dividends	(90)	(98)
Nonaccrual loan interest	(8)	0
Prepaid expenses	(186)	(220)
Right of use assets	(256)	(317)
Core deposit intangibles	(719)	(1,053)
Total deferred tax liabilities	(2,765)	(3,146)
Net deferred tax assets	$ 11,872	$ 6,101

Income Taxes, NOL and Tax Credi

Income Taxes, NOL and Tax Credit Carryforwards and Income Tax Uncertainties (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Unrecognized tax benefits	$ 0	$ 0
Federal [Member]
Income Taxes [Abstract]
Net operating loss carryforwards	3,100
Net operating loss carryforwards with indefinite carryforward period	2,700
Net operating loss carryforwards going to expire if not utilized	364
Federal [Member] | General Business Tax Credit Carryforward [Member]
Income Taxes [Abstract]
Tax credit carryforward	2,000
California [Member]
Income Taxes [Abstract]
Net operating loss carryforwards going to expire if not utilized	$ 23,000

Stock-Based Compensation, Summa

Stock-Based Compensation, Summary of Plans (Details) - shares	12 Months Ended
	Dec. 31, 2022	Jul. 25, 2018	Jul. 24, 2018
2008 LTIP [Member]
Stock-based Compensation [Abstract]
Shares available for awards (in shares)			2,000,000
2018 LTIP [Member]
Stock-based Compensation [Abstract]
Shares available for awards (in shares)	395,309
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)	897,800

Stock-Based Compensation, Stock

Stock-Based Compensation, Stock Option Activity (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number Outstanding [Roll Forward]
Outstanding at beginning of year (in shares)	450,000
Granted during the year (in shares)	0
Exercised during the year (in shares)	0
Forfeited or expired during the year (in shares)	(200,000)
Outstanding at end of year (in shares)	250,000	450,000
Exercisable at end of year (in shares)	250,000
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 1.62
Granted during the year (in dollars per share)	0
Exercised during the year (in dollars per share)	0
Forfeited or expired during the year (in dollars per share)	0
Outstanding at end of year (in dollars per share)	1.62	$ 1.62
Exercisable at end of year (in dollars per share)	$ 1.62
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense	$ 0	$ 7
Unrecognized compensation cost	$ 0

Stock-Based Compensation, Optio

Stock-Based Compensation, Options Outstanding and Exercisable (Details) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	250,000
Weighted Average Remaining Contractual Life	3 years 1 month 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
Grant Date February 24, 2016 [Member]
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	250,000
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	250,000
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.62

Stock-Based Compensation, Sto_2

Stock-Based Compensation, Stock Awards to Directors and Restricted Stock Awards to Employees (Details) - USD ($) $ in Thousands	1 Months Ended				12 Months Ended
	Mar. 31, 2022	Feb. 28, 2022	Jul. 31, 2021	Feb. 28, 2021	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Units (RSUs) [Member]
Stock-based Compensation [Abstract]
Restricted stock award issued (in shares)					495,262,000
Unrecognized compensation cost					$ 517
2018 LTIP [Member] | Chief Executive Officer [Member] | Common Stock [Member]
Stock-based Compensation [Abstract]
Shares issued (in shares)			64,516
Stock based compensation expense						$ 200
2018 LTIP [Member] | Directors [Member] | Common Stock [Member]
Stock-based Compensation [Abstract]
Shares issued (in shares)		47,187		20,736
Stock based compensation expense					$ 84	$ 45
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock Units (RSUs) [Member]
Stock-based Compensation [Abstract]
Restricted stock award issued (in shares)	495,262					0
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Stock-based Compensation [Abstract]
Award vesting period					36 months
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Award vesting period					60 months
2018 LTIP [Member] | Employees [Member] | Restricted Stock Units (RSUs) [Member]
Stock-based Compensation [Abstract]
Stock based compensation expense					$ 363	$ 153

Stock-Based Compensation, Sum_2

Stock-Based Compensation, Summary of Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted Stock Units [Roll Forward]
Unvested at beginning of year (in shares) | shares	0
Granted during period (in shares) | shares	495,262
Vested during period (in shares) | shares	0
Forfeited or expired during period (in shares) | shares	(71,668)
Unvested at end of year (in shares) | shares	423,594
Weighted Average Grant Date Fair Value [Abstract]
Unvested at beginning of year (in dollars per share) | $ / shares	$ 0
Granted during period (in dollars per share) | $ / shares	1.53
Vested during period (in dollars per share) | $ / shares	0
Forfeited or expired during period (in dollars per share) | $ / shares	0
Unvested at end of year (in dollars per share) | $ / shares	$ 1.53
Remaining Contractual Life (months) [Abstract]
Unvested	43 months
Granted during period	53 months

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Actual [Abstract]
Community Bank Leverage Ratio, Amount	$ 181,304	$ 98,590
Community Bank Leverage Ratio, Ratio	0.1575	0.0932
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount	$ 103,591	$ 89,871
Community Bank Leverage Ratio, Ratio	0.09	0.085

Loan Commitments and Other Re_3

Loan Commitments and Other Related Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commitments to Make Loans [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk	$ 15,160	$ 13,384
Commitments to Make Loans [Member] | Maximum [Member]
Commitments Loans [Abstract]
Loan commitment period	60 days
Unfunded Construction Loans [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk	$ 27,811	10,352
Unused Lines of Credit [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk	$ 13,341	$ 9,326

Parent Company Only Condensed_3

Parent Company Only Condensed Financial Information, Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets [Abstract]
Cash and cash equivalents	$ 16,105	$ 231,520
Other assets	2,866	1,871
Total assets	1,184,293	1,093,505
Liabilities and stockholders' equity [Abstract]
Accrued expenses and other liabilities	11,910	12,441
Stockholders' equity	279,482	141,000
Total liabilities and stockholders' equity	1,184,293	1,093,505
Broadway Financial Corporation [Member]
Assets [Abstract]
Cash and cash equivalents	84,015	9,305
Investment in bank subsidiary	192,977	131,540
Other assets	2,725	4,068
Total assets	279,717	144,913
Liabilities and stockholders' equity [Abstract]
Accrued expenses and other liabilities	235	583
Stockholders' equity	279,482	144,330
Total liabilities and stockholders' equity	$ 279,717	$ 144,913

Parent Company Only Condensed_4

Parent Company Only Condensed Financial Information, Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Condensed Statements of Income [Abstract]
Interest income	$ 36,269	$ 24,752
Interest expense	(3,409)	(3,749)
Other expense	(2,077)	(2,106)
Income (loss) before income taxes	8,119	(4,886)
Income tax benefits	(2,413)	937
Net income (loss) attributable to Broadway Financial Corporation	5,636	(4,050)
Broadway Financial Corporation [Member]
Condensed Statements of Income [Abstract]
Interest income	88	27
Interest expense	0	(60)
Other expense	(877)	(1,982)
Income (loss) before income taxes	(789)	(2,015)
Income tax benefits	85	405
Equity in undistributed subsidiary income (loss)	6,340	(2,440)
Net income (loss) attributable to Broadway Financial Corporation	$ 5,636	$ (4,050)

Parent Company Only Condensed_5

Parent Company Only Condensed Financial Information, Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities [Abstract]
Net income (loss)	$ 5,636	$ (4,050)
Adjustments to reconcile net loss to net cash used in operating activities [Abstract]
Change in other assets	(995)	908
Change in accrued expenses and other liabilities	(461)	3,330
Net cash provided by operating activities	6,324	624
Cash flows from investing activities [Abstract]
Net cash (used in) provided by investing activities	(323,959)	24,965
Cash flows from financing activities [Abstract]
Proceeds from sale of stock	0	30,837
Issuance of preferred stock	150,000	0
Increase in unreleased ESOP shares	(500)	0
Net cash provided by financing activities	102,220	109,822
Net change in cash and cash equivalents	(215,415)	135,411
Cash and cash equivalents at beginning of the period	231,520	96,109
Cash and cash equivalents at end of the period	16,105	231,520
Broadway Financial Corporation [Member]
Cash flows from operating activities [Abstract]
Net income (loss)	5,636	(4,050)
Adjustments to reconcile net loss to net cash used in operating activities [Abstract]
Equity in undistributed subsidiary loss (income)	(6,340)	2,440
Change in other assets	1,196	(1,333)
Change in accrued expenses and other liabilities	(348)	504
Net cash provided by operating activities	144	(2,439)
Cash flows from investing activities [Abstract]
Capital distribution to bank subsidiary	(75,000)	(20,000)
Dividends from bank subsidiary	0	700
Net cash (used in) provided by investing activities	(75,000)	(19,300)
Cash flows from financing activities [Abstract]
Proceeds from sale of stock	0	30,837
Issuance of preferred stock	150,000	0
Repayments of borrowings	0	(3,315)
Equity in CFBanc Corp on date of purchase	0	3,330
Increase in unreleased ESOP shares	(500)	0
Proceeds from repayment of ESOP loan	66	66
Net cash provided by financing activities	149,566	30,918
Net change in cash and cash equivalents	74,710	9,179
Cash and cash equivalents at beginning of the period	9,305	126
Cash and cash equivalents at end of the period	84,015	$ 9,305
Non-cash financing activities for exchange of preferred stock for common stock	$ 3,000

Earnings (Loss) Per Common Sh_3

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings (Loss) Per Common Share [Abstract]
Net income (loss) attributable to Broadway Financial Corporation	$ 5,636	$ (4,050)
Less net income (loss) attributable to participating securities	32	2
Income (loss) available to common stockholders	$ 5,604	$ (4,052)
Weighted average common shares outstanding for basic earnings (loss) per common share (in shares)	72,409,020	60,151,556
Add: dilutive effects of unvested restricted stock awards (in shares)	413,892	0
Add: dilutive effects of assumed exercise of stock options (in shares)	0	0
Weighted average common shares outstanding for diluted earnings (loss) per common share (in shares)	72,822,912	60,151,556
Earnings (loss) per common share - basic (in dollars per share)	$ 0.08	$ (0.07)
Earnings (loss) per common share - diluted (in dollars per share)	$ 0.08	$ (0.07)
Stock Options [Member]
Loss Per Common Share [Abstract]
Anti-dilutive stock not considered in computing diluted earnings per common share (in shares)	250,000