Broadway Financial (BYFC) 10-Q 20 May 24 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Apr. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	001-39043
Entity Registrant Name	BROADWAY FINANCIAL CORPORATION
Entity Central Index Key	0001001171
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4547287
Entity Address, Address Line One	4601 Wilshire Boulevard, Suite 150
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	634-1700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BYFC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Class A Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,033,212
Class B Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,425,574
Class C Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,672,562

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Cash and due from banks	$ 5,031	$ 7,459
Interest-bearing deposits in other banks	6,456	8,646
Cash and cash equivalents	11,487	16,105
Securities available-for-sale, at fair value	316,429	328,749
Loans receivable held for investment, net of allowance of $6,899 and $4,388	835,356	768,046
Accrued interest receivable	4,925	3,973
Federal Home Loan Bank ("FHLB") stock	9,130	5,535
Federal Reserve Bank ("FRB") stock	3,543	5,264
Office properties and equipment, net	9,915	10,291
Bank owned life insurance, net	3,264	3,233
Deferred tax assets, net	12,548	11,872
Core deposit intangible, net	2,208	2,501
Goodwill	25,858	25,858
Other assets	3,132	2,866
Total assets	1,237,795	1,184,293
Liabilities:
Deposits	671,469	686,916
Securities sold under agreements to repurchase	75,815	63,471
FHLB advances	187,721	128,344
Notes payable	14,000	14,000
Accrued expenses and other liabilities	13,633	11,910
Total liabilities	962,638	904,641
Additional paid-in capital	144,410	144,157
Retained earnings	9,945	9,294
Unearned Employee Stock Ownership Plan ("ESOP") shares	(4,831)	(1,265)
Accumulated other comprehensive loss, net of tax	(19,326)	(17,473)
Treasury stock-at cost, 327,228 shares at September 30, 2023 and at December 31, 2022	(5,326)	(5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity	274,967	279,482
Non-controlling interest	190	170
Total liabilities and stockholders' equity	1,237,795	1,184,293
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Liabilities:
Preferred stock	150,000	150,000
Class A Voting Common Stock [Member]
Liabilities:
Common stock	64	64
Class B Non-Voting Common Stock [Member]
Liabilities:
Common stock	14	14
Class C Non-Voting Common Stock [Member]
Liabilities:
Common stock	$ 17	$ 17

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) $ in Thousands		Sep. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Assets [Abstract]
Allowance for loan losses | $	[1]	$ 6,899	$ 4,388
Stockholders' Equity:
Treasury stock, shares (in shares)		327,228	327,228
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Stockholders' Equity:
Preferred stock, shares authorized (in shares)		150,000	150,000
Preferred stock, shares issued (in shares)		150,000	150,000
Preferred stock, shares outstanding (in shares)		150,000	150,000
Preferred stock, liquidation value (in dollars per share) | $ / shares		$ 1,000	$ 1,000
Class A Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	[2]	75,000,000	75,000,000
Common stock, shares issued (in shares)	[2]	6,411,777	6,408,151
Common stock, shares outstanding (in shares)	[2]	6,170,648	6,080,745
Class B Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	[2]	15,000,000	15,000,000
Common stock, shares issued (in shares)	[2]	1,425,574	1,425,574
Common stock, shares outstanding (in shares)	[2]	1,425,574	1,425,574
Class C Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	[2]	25,000,000	25,000,000
Common stock, shares issued (in shares)	[2]	1,672,562	1,672,562
Common stock, shares outstanding (in shares)	[2]	1,672,562	1,672,562
[1]The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.[2] Retroactively adjusted for the 1-for-8

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income:
Interest and fees on loans receivable		$ 9,406	$ 6,520	$ 27,039	$ 20,603
Interest on available-for-sale securities		2,180	2,069	6,543	3,416
Other interest income		341	639	1,028	1,589
Total interest income		11,927	9,228	34,610	25,608
Interest expense:
Interest on deposits		2,126	474	4,978	1,173
Interest on borrowings		3,028	146	7,317	617
Total interest expense		5,154	620	12,295	1,790
Net interest income		6,773	8,608	22,315	23,818
(Recapture of) provision for credit losses		(2)	1,021	808	592
Net interest income after (recapture of) provision for credit losses		6,775	7,587	21,507	23,226
Non-interest income:
Service charges		42	21	141	106
Other		289	344	739	801
Total non-interest income		331	365	880	907
Non-interest expense:
Compensation and benefits		4,380	3,440	11,863	10,366
Occupancy expense		466	367	1,354	1,209
Information services		698	732	2,148	2,364
Professional services		629	861	1,741	2,183
Supervisory costs		157	4	452	261
Office services and supplies		24	38	72	153
Advertising and promotional expense		11	14	138	81
Corporate insurance		61	49	184	164
Appraisal and other loan expense		69	53	138	150
Amortization of core deposit intangible		98	109	293	326
Travel expense		39	67	154	122
Other expense		349	338	1,117	919
Total non-interest expense		6,981	6,072	19,654	18,298
Income before income taxes		125	1,880	2,733	5,835
Income tax expense		39	534	806	1,654
Net income		86	1,346	1,927	4,181
Less: Net (loss) income attributable to non-controlling interest		(5)	28	20	51
Net income attributable to Broadway Financial Corporation		91	1,318	1,907	4,130
Other comprehensive loss, net of tax:
Unrealized losses on securities available-for-sale arising during the period		(2,677)	(11,949)	(2,600)	(25,281)
Income tax benefit		(770)	(3,382)	(747)	(7,364)
Other comprehensive loss, net of tax		(1,907)	(8,567)	(1,853)	(17,917)
Comprehensive (loss) income		$ (1,816)	$ (7,249)	$ 54	$ (13,787)
Earnings per common share-basic (in dollars per share)	[1]	$ 0.01	$ 0.14	$ 0.21	$ 0.45
Earnings per common share-diluted (in dollars per share)	[1]	$ 0.01	$ 0.14	$ 0.21	$ 0.45
[1] Retroactively adjusted for the 1-for-8

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical)	Nov. 01, 2023
Earnings per Share [Abstract]
Reverse stock split ratio	0.125
Subsequent Event [Member]
Earnings per Share [Abstract]
Reverse stock split ratio	0.125

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 1,927	$ 4,181
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	808	592
Depreciation	490	630
Amortization of deferred loan origination costs, net	264	38
Net (accretion) amortization of discounts and premiums on available-for-sale securities	(778)	20
Accretion of purchase accounting marks on loans	(148)	(647)
Amortization of core deposit intangible	293	326
Accretion of premium on FHLB advances	(18)	(64)
ESOP compensation expense	33	56
Earnings on bank owned life insurance	(31)	(32)
Change in assets and liabilities:
Net change in deferred taxes	579	1,732
Net change in accrued interest receivable	(952)	(95)
Net change in other assets	(266)	(391)
Net change in accrued expenses and other liabilities	1,554	(1,195)
Net cash provided by operating activities	4,023	5,328
Cash flows from investing activities:
Net change in loans receivable held for investment	(70,043)	(74,155)
Principal payments on available-for-sale securities	10,498	13,850
Purchase of available-for-sale securities	0	(215,500)
Purchase of FHLB stock	(7,534)	(332)
Proceeds from redemption of FHLB stock	3,939	1,431
Proceeds from redemption of FRB stock	1,721	0
Purchase of office properties and equipment	(114)	(816)
Net cash used in investing activities	(61,533)	(275,522)
Cash flows from financing activities:
Net change in deposits	(15,447)	(19,541)
Net change in securities sold under agreements to repurchase	12,344	13,447
Purchase of unreleased ESOP shares	(3,400)	0
Proceeds from issuance of preferred stock	0	150,000
Dividends paid on preferred stock	0	(15)
Proceeds from FHLB advances	329,000	0
Repayments of FHLB advances	(269,605)	(53,000)
Net cash provided by financing activities	52,892	90,891
Net change in cash and cash equivalents	(4,618)	(179,303)
Cash and cash equivalents at beginning of the period	16,105	231,520
Cash and cash equivalents at end of the period	11,487	52,217
Supplemental disclosures of cash flow information:
Cash paid for interest	11,785	1,758
Cash paid for income taxes	236	42
Directors [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	95	84
Employees, Excluding Directors [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	$ 173	$ 93

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock [Member] Preferred Stock Non-Voting [Member]	Preferred Stock [Member] Preferred Stock Non-Voting [Member] Employees, Excluding Directors [Member]	Preferred Stock [Member] Preferred Stock Non-Voting [Member] Directors [Member]	Common Stock [Member] Common Stock Voting [Member]	Common Stock [Member] Common Stock Voting [Member] Employees, Excluding Directors [Member]	Common Stock [Member] Common Stock Voting [Member] Directors [Member]	Common Stock [Member] Common Stock Non-Voting [Member]	Common Stock [Member] Common Stock Non-Voting [Member] Employees, Excluding Directors [Member]	Common Stock [Member] Common Stock Non-Voting [Member] Directors [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Employees, Excluding Directors [Member]	Additional Paid-in Capital [Member] Directors [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Other Comprehensive Loss [Member] Employees, Excluding Directors [Member]	Accumulated Other Comprehensive Loss [Member] Directors [Member]	Retained Earnings [Member]	Retained Earnings [Member] Employees, Excluding Directors [Member]	Retained Earnings [Member] Directors [Member]	Unearned ESOP Shares [Member]	Unearned ESOP Shares [Member] Employees, Excluding Directors [Member]	Unearned ESOP Shares [Member] Directors [Member]	Treasury Stock [Member]	Treasury Stock [Member] Employees, Excluding Directors [Member]	Treasury Stock [Member] Directors [Member]	Non-Controlling Interest [Member]	Non-Controlling Interest [Member] Employees, Excluding Directors [Member]	Non-Controlling Interest [Member] Directors [Member]	Total	Employees, Excluding Directors [Member]	Directors [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Preferred Stock [Member] Preferred Stock Non-Voting [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Stock Voting [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Stock Non-Voting [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Accumulated Other Comprehensive Loss [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Unearned ESOP Shares [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Non-Controlling Interest [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Balance at Dec. 31, 2021	$ 3,000			$ 58			$ 35			$ 140,955			$ (551)			$ 3,673			$ (829)			$ (5,326)			$ 100			$ 141,115
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0			0			0			0			0			4,130			0			0			51			4,181
Preferred shares issued	150,000			0			0			0			0			0			0			0			0			150,000
Dividends declared and paid on preferred stock	0			0			0			0			0			(15)			0			0			0			(15)
Release of unearned ESOP shares	0			0			0			8			0			0			48			0			0			56
Stock-based compensation expense		$ 0	$ 0		$ 1	$ 0		$ 0	$ 0		$ 88	$ 84		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 89	$ 84
Conversion of preferred shares to common shares	(3,000)			2			0			2,988			0			0			0			0			0			(11)
Conversion of non-voting common shares into voting common shares	0			4			(4)			0			0			0			0			0			0			(1)
Other comprehensive loss, net of tax	0			0			0			0			(17,917)			0			0			0			0			(17,917)
Balance at Sep. 30, 2022	150,000			64			31			144,123			(18,468)			7,788			(781)			(5,326)			151			277,582
Balance at Jun. 30, 2022	150,000			63			32			144,093			(9,901)			6,470			(797)			(5,326)			123			284,757
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0			0			0			0			0			1,318			0			0			28			1,346
Release of unearned ESOP shares	0			0			0			(5)			0			0			16			0			0			11
Stock-based compensation expense		0			0			0			35			0			0			0			0			0			35
Conversion of non-voting common shares into voting common shares	0			1			(1)			0			0			0			0			0			0			(1)
Other comprehensive loss, net of tax	0			0			0			0			(8,567)			0			0			0			0			(8,567)
Balance at Sep. 30, 2022	150,000			64			31			144,123			(18,468)			7,788			(781)			(5,326)			151			277,582
Balance at Dec. 31, 2022	150,000			64			31			144,157			(17,473)			9,294			(1,265)			(5,326)			170			$ 279,652			$ (1,256)	$ (1,256)	$ 150,000	$ 64	$ 31	$ 144,157	$ (17,473)	$ 8,038	$ (1,265)	$ (5,326)	$ 170	$ 278,396
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]																												ASU 2016-13 [Member]
Net income	0			0			0			0			0			1,907			0			0			20			$ 1,927
Release of unearned ESOP shares	0			0			0			(15)			0			0			48			0			0			33
ESOP adjustment	0			0			0			0			0			0			(214)			0			0			(214)
Purchase of unreleased ESOP shares	0			0			0			0			0			0			(3,400)			0			0			(3,400)
Stock-based compensation expense		0	0		0	0		0	0		173	95		0	0		0	0		0	0		0	0		0	0		173	95
Other comprehensive loss, net of tax	0			0			0			0			(1,853)			0			0			0			0			(1,853)
Balance at Sep. 30, 2023	150,000			64			31			144,410			(19,326)			9,945			(4,831)			(5,326)			190			275,157
Balance at Jun. 30, 2023	150,000			65			31			144,331			(17,419)			9,854			(4,247)			(5,326)			195			277,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0			0			0			0			0			91			0			0			(5)			86
Release of unearned ESOP shares	0			0			0			(5)			0			0			16			0			0			11
Purchase of unreleased ESOP shares	0			0			0			0			0			0			(600)			0			0			(600)
Stock-based compensation expense		$ 0	$ 0		$ (1)	$ 0		$ 0	$ 0		$ 88	$ (4)		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 87	$ (4)
Other comprehensive loss, net of tax	0			0			0			0			(1,907)			0			0			0			0			(1,907)
Balance at Sep. 30, 2023	$ 150,000			$ 64			$ 31			$ 144,410			$ (19,326)			$ 9,945			$ (4,831)			$ (5,326)			$ 190			$ 275,157

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	9 Months Ended
	Sep. 30, 2023
Basis of Financial Statement Presentation [Abstract]
Basis of Financial Statement Presentation	NOTE 1 – Basis of Financial Statement Presentation The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, City First Bank, National Association (the “Bank” and, together with the Company, “City First Broadway”). Also included in the unaudited consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2022 (“2022 Form 10-K”) and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Out-of-Period Adjustments Following the quarter ended September 30, 2023, the Company performed a review of internal controls over financial reporting, encompassing an examination of financial reporting processes. During this assessment and while preparing financial statements for the three and nine months ended September 30, 2023, certain previously unrecorded adjustments totaling $8 thousand, net of tax expense, increasing net income were identified pertaining to prior periods. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108, these adjustments were evaluated both individually and collectively. Following this assessment, these adjustments were immaterial to both historical and current reporting periods. Consequently, the Company determined that no amendment to the previously filed reports was warranted. However, recognizing the importance of transparency and accuracy, the Company is addressing these prior period adjustments and incorporating them into its financial statements for the three and nine months ended September 30, 2023. These adjustments are included in the Other Expense line item on the Consolidated Statements of Operations and Comprehensive Income (Loss). Reverse Stock Split On October 31, 2023, the Company effected a reverse stock split of the Company’s outstanding shares of Class A common stock, Class B common stock, and Class C common stock, par value $0.01 per share at a ratio of 1-for-8 8 shares ll common stock share amounts and per share numbers discussed herein have been retroactively adjusted f or the Reverse Stock Split. Subsequent events have been evaluated through the date these financial statements were issued. See Note 13 - Subsequent Events. Except as discussed below, our accounting policies are described in Note 1 – Summary of Significant Accounting Policies of our audited consolidated financial statements included in the 2022 Form 10-K. Allowance for Credit Losses – Securities Effective January 1, 2023, the Company accounts for the allowance for credit losses (“ACL”) on securities in accordance with Accounting Standards Codification Topic 326 (“ASC 326”) – Financial Instruments-Credit Losses For available-for-sale investment securities, the Company performs a qualitative evaluation for those securities that are in an unrealized loss position to determine if the decline in fair value is credit related or non-credit related. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) any downgrades in credit ratings; (iv) the payment structure of the security; (v) the ability of the issuer of the security to make scheduled principal and interest payments; and (vi) general market conditions which reflect prospects for the economy as a whole, including interest rates and sector credit spreads. For investment securities where the Company has reason to believe the credit loss exposure is remote, a zero credit loss assumption is applied. Such investment securities typically consist of those guaranteed by the U.S. government or other government enterprises, where there is an explicit or implicit guarantee by the U.S. government, that are highly rated by rating agencies, and historically have had no credit loss experience. If it is determined that the unrealized loss, or a portion thereof, is credit related, the Company records the amount of credit loss through a charge to the provision for credit losses in current period earnings. However, the amount of credit loss recorded in current period earnings is limited to the amount of the total unrealized loss on the security, which is measured as the amount by which the security’s fair value is below its amortized cost. If the Company intends to sell a security that is in an unrealized loss position, or if it is more likely than not the Company will be required to sell a security in an unrealized loss position, the total amount of the unrealized loss is recognized in current period earnings through the provision for credit losses. Unrealized losses deemed non-credit related are recorded, net of tax, in accumulated other comprehensive income (loss). The Company’s assessment of available-for-sale investment securities as of September 30, 2023, indicated that an ACL was not required. The Company analyzed available-for-sale investment securities that were in an unrealized loss position and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. As such, no ACL was recorded for available-for-sale securities as of September 30, 2023. Allowance for Credit Losses - Loans Effective January 1, 2023, the Company accounts for credit losses on loans in accordance with ASC 326, which requires the Company to record an estimate of expected lifetime credit losses for loans at the time of origination or acquisition. The ACL is maintained at a level deemed appropriate by management to provide for expected credit losses in the portfolio as of the date of the consolidated statements of financial condition. Estimating expected credit losses requires management to use relevant forward-looking information, including the use of reasonable and supportable forecasts. The measurement of the ACL is performed by collectively evaluating loans with similar risk characteristics. The Company measures the ACL for each of its loan segments using the weighted-average remaining maturity (“WARM”) method. The weighted average remaining life, including the effect of estimated prepayments, is calculated for each loan pool on a quarterly basis. The Company then estimates a loss rate for each pool using both its own historical loss experience and the historical losses of a group of peer institutions during the period from 2004 through the most recent quarter. The Company’s ACL model also includes adjustments for qualitative factors, where appropriate. Since historical information (such as historical net losses) may not always, by itself, provide a sufficient basis for determining future expected credit losses, the Company periodically considers the need for qualitative adjustments to the ACL. Qualitative adjustments may include, but are not limited to factors such as: (i) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices; (ii) changes in international, national, regional, and local conditions; (iii) changes in the nature and volume of the portfolio and terms of loans; (iv) changes in the experience, depth, and ability of lending management; (v) changes in the volume and severity of past due loans and other similar conditions; (vi) changes in the quality of the organization’s loan review system; (vii) changes in the value of underlying collateral for collateral dependent loans; (viii) the existence and effect of any concentrations of credit and changes in the levels of such concentrations; and (ix) the effect of other external factors (i.e., competition, legal and regulatory requirements) on the level of estimated credit losses. The Company has a credit portfolio review process designed to detect problem loans. Problem loans are typically those of a substandard or worse internal risk grade, and may consist of loans on nonaccrual status, loans that have recently been modified in response to a borrower’s deteriorating financial condition, loans where the likelihood of foreclosure on underlying collateral has increased, collateral dependent loans, and other loans where concern or doubt over the ultimate collectability of all contractual amounts due has become elevated. Such loans may, in the opinion of management, be deemed to no longer possess risk characteristics similar to other loans in the loan portfolio, because the specific attributes and risks associated with the loan have likely become unique as the credit quality of the loan deteriorates. As such, these loans may require individual evaluation to determine an appropriate ACL for the loan. When a loan is individually evaluated, the Company typically measures the expected credit loss for the loan based on a discounted cash flow approach, unless the loan has been deemed collateral dependent. Collateral dependent loans are loans where the repayment of the loan is expected to come from the operation of and/or eventual liquidation of the underlying collateral. The ACL for collateral dependent loans is determined using estimates of the fair value of the underlying collateral, less estimated selling costs. The estimation of the appropriate level of the ACL requires significant judgment by management. Although management uses the best information available to make these estimates, future adjustments to the ACL may be necessary due to economic, operating, regulatory, and other conditions that may extend beyond the Company’s control. Changes in management’s estimates of forecasted net losses could materially change the level of the ACL. Additionally, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ACL and credit review process. Such agencies may require the Company to recognize additions to the ACL based on judgments different from those of management. The Company has segmented the loan portfolio according to loans that share similar attributes and risk characteristics. Each segment possesses varying degrees of risk based on, among other things, the type of loan, the type of collateral, and the sensitivity of the borrower or industry to changes in external factors such as economic conditions. The Company determines the ACL for loans based on this more detailed loan segmentation and classification. These segments, and the risks associated with each segment, are as follows: Real Estate: Single Family – Subject to adverse employment conditions in the local economy leading to increased default rate, decreased market values from oversupply in a geographic area and incremental rate increases on adjustable-rate mortgages which may impact the ability of borrowers to maintain payments. Real Estate: Multi‑Family – Subject to adverse various market conditions that cause a decrease in market value or lease rates, changes in personal funding sources for tenants, oversupply of units in a specific region, population shifts and reputational risks. Real Estate: Commercial Real Estate – Subject to adverse conditions in the local economy which may lead to reduced cash flows due to vacancies and reduced rental rates and decreases in the value of underlying collateral. Real Estate: Church – Subject to adverse economic and employment conditions, which may lead to reduced cash flows from members’ donations and offerings, and the stability, quality, and popularity of church leadership. Real Estate: Construction – Subject to adverse conditions in the local economy, which may lead to reduced demand for new commercial, multi‑family, or single family buildings or reduced lease or sale opportunities once the building is complete. Commercial and SBA Loans – Subject to industry and economic conditions including decreases in product demand. Consumer – Subject to adverse employment conditions in the local economy, which may lead to higher default rates. Modified Loans to Borrowers Experiencing Financial Difficulty In certain instances, the Company makes modifications to loans in order to alleviate temporary difficulties in the borrower’s financial condition and/or constraints on the borrower’s ability to repay the loan, and to minimize potential losses to the Company. Modifications may include: changes in the amortization terms of the loan, reductions in interest rates, acceptance of interest only payments, and reductions to the outstanding loan balance (or any combination of such changes). Such loans are typically placed on nonaccrual status when there is doubt concerning the full repayment of principal and interest or the loan has been in default for a period of 90 days or more. Such loans may be returned to accrual status when all contractual amounts past due have been brought current, and the borrower’s performance under the modified terms of the loan agreement and the ultimate collectability of all contractual amounts due under the modified terms is no longer in doubt. The Company typically measures the ACL on these loans on an individual basis as the loans are deemed to no longer have risk characteristics that are similar to other loans in the portfolio. The determination of the ACL for these loans is based on a discounted cash flow approach, unless the loan is deemed collateral dependent, which requires measurement of the ACL based on the estimated expected fair value of the underlying collateral, less selling costs. Accounting Pronouncements Recently Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 – Financial Instruments-Credit Losses (Topic 32 6): In April 2019, the FASB issued ASU 2019-04 – Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815-Derivatives and Hedging, and Topic 825-Financial Instruments In May 2019, the FASB issued ASU 2019-05 - Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief Financial Instruments-Credit Losses-Measured at Amortized Cost Financial Instruments Effective January 1, 2023, the Company adopted the provisions of ASC 326 through the application of the modified retrospective transition approach, and recorded a net decrease of $1.3 million to the beginning balance of retained earnings as of January 1, 2023 for the cumulative effect adjustment. The following table illustrates the impact of the adoption of the CECL model under ASC 326 on the Company’s consolidated statements of financial position as of January 1, 2023: Pre-CECL Adoption Impact of CECL Adoption As Reported Under CECL (In thousands) Assets: Allowance for credit losses on available-for-sale securities $ – $ – $ – Allowance for credit losses on loans 4,388 1,809 6,197 Deferred tax assets 11,872 508 12,380 Liabilities: Allowance for credit losses on off-balance sheet exposures 412 (45 ) 367 Stockholders’ equity: Retained earnings 9,294 (1,256 ) 8,038 The Company’s assessment of available-for-sale investment securities as of January 1, 2023 indicated that an ACL was not required. The Company analyzed available-for-sale investment securities that were in an unrealized loss position as of the date of adoption and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. As such, no ACL was recorded for available-for-sale securities as of January 1, 2023. Upon the adoption of ASC 326, the Company did not reassess purchased loans with credit deterioration (previously classified as purchased credit impaired loans under ASC 310-30). In February 2019, the U.S. federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in the adverse regulatory capital effects of the impact of adoption of ASC 326 over a three-year period. As a result, entities have the option to gradually phase in the full effect of CECL on regulatory capital over a three-year transition period. The Company implemented its CECL model commencing January 1, 2023 and elected to phase in the effect of CECL on regulatory capital over the three-year transition period. In March 2022, the FASB issued ASU 2022-02 – Financial Instruments-Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures Receivables-Troubled Debt Restructurings by Creditors

Earnings Per Share of Common St

Earnings Per Share of Common Stock	9 Months Ended
	Sep. 30, 2023
Earnings Per Share of Common Stock [Abstract]
Earnings Per Share of Common Stock	NOTE 2 – Earnings Per Share of Common Stock Basic earnings per share of common stock is computed pursuant to the two-class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. Employee Stock Ownership Plan (“ESOP”) shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options. The following table shows how the Company computed basic and diluted earnings per share of common stock for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands, except share and per share data) Net income $ 91 $ 1,318 $ 1,907 $ 4,130 Less net income attributable to participating securities 1 7 27 25 Income available to common stockholders $ 90 $ 1,311 $ 1,880 $ 4,105 Weighted average common shares outstanding for basic earnings per common share (1) 8,709,301 9,069,410 8,756,189 9,048,363 Add: dilutive effects of unvested restricted stock awards (1) 116,493 51,069 123,004 55,269 Add: dilutive effects of assumed exercise of stock options (2) – – – – Weighted average common shares outstanding for diluted earnings per common share (1) 8,825,794 9,120,479 8,879,193 9,103,632 Earnings per common share - basic (1) $ 0.01 $ 0.14 $ 0.21 $ 0.45 Earnings per common share - diluted (1) $ 0.01 $ 0.14 $ 0.21 $ 0.45 (1) 1-for-8 (2)

Securities

Securities	9 Months Ended
	Sep. 30, 2023
Securities [Abstract]
Securities	NOTE 3 – Securities The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios as of the dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive loss: Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2023: Federal agency mortgage-backed securities (“MBS”) $ 78,141 $ 2 $ (13,006 ) $ 65,137 Federal agency collateralized mortgage obligations (“CMO”) 25,342 – (2,046 ) 23,296 Federal agency debt 55,839 – (4,265 ) 51,574 Municipal bonds 4,842 – (672 ) 4,170 U.S. Treasuries 166,786 – (5,136 ) 161,650 U.S. Small Business Administration (“SBA”) pools 12,659 5 (2,062 ) 10,602 Total available-for-sale securities $ 343,609 $ 7 $ (27,187 ) $ 316,429 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 As of September 30, 2023 and $33.3 million of federal agency debt, $19.2 million of U.S. Treasuries and $11.9 million of federal agency mortgage-backed securities (See Note 6 – Borrowings). There were September At September The amortized cost and estimated fair value of all investment securities available-for-sale at September Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 79,627 $ – $ (1,289 ) $ 78,338 Due after one year through five years 141,871 – (7,344 ) 134,527 Due after five years through ten years 35,895 – (3,688 ) 32,207 Due after ten years (1) 86,216 7 (14,866 ) 71,357 $ 343,609 $ 7 $ (27,187 ) $ 316,429 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category. The 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 (In thousands) September 30, 2023 Federal agency mortgage-backed securities $ 49 $ – $ 64,898 $ (13,006 ) $ 64,947 $ (13,006 ) Federal agency CMOs 768 (4 ) 22,528 (2,042 ) 23,296 (2,046 ) Federal agency debt 5,520 (72 ) 46,054 (4,193 ) 51,574 (4,265 ) Municipal bonds – – 4,170 (672 ) 4,170 (672 ) U. S. Treasuries 14,267 (465 ) 147,383 (4,671 ) 161,650 (5,136 ) SBA pools 288 (1 ) 9,143 (2,061 ) 9,431 (2,062 ) Total unrealized loss position investment securities $ 20,892 $ (542 ) $ 294,176 $ (26,645 ) $ 315,068 $ (27,187 ) December 31, 2022: 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 ) At September 30, 2023, and December 31, 2022, there were no securities in nonaccrual status. All securities in the portfolio were current with their contractual principal and interest payments. At September 30, 2023, and December 31, 2022, there were no securities purchased with deterioration in credit quality since their origination. At September 30, 2023, and December 31, 2022, there were no collateral dependent securities.

Loans Receivable Held for Inves

Loans Receivable Held for Investment	9 Months Ended
	Sep. 30, 2023
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	NOTE 4. – Loans Receivable Held for Investment Loans receivable held for investment were as follows as of the dates indicated: September 30, 2023 December 31, 2022 (In thousands) Real estate: Single family $ 25,514 $ 30,038 Multi-family 532,689 502,141 Commercial real estate 116,100 114,574 Church 12,896 15,780 Construction 81,813 40,703 Commercial – other 64,943 64,841 SBA loans (1) 7,770 3,601 Consumer 20 11 Gross loans receivable before deferred loan costs and premiums 841,745 771,689 Unamortized net deferred loan costs and premiums 1,368 1,755 Gross loans receivable 843,113 773,444 Credit and interest marks on purchased loans, net (858 ) (1,010 ) Allowance for credit losses (2) (6,899 ) (4,388 ) Loans receivable, net $ 835,356 $ 768,046 (1) Including Paycheck Protection Program (PPP) loans. (2) The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses. Prior to the adoption of ASC 326, loans that were purchased in a business combination that showed evidence of credit deterioration since their origination and for which it was probable, at acquisition, that not all contractually required payments would be collected were classified as purchased-credit impaired (“PCI”). The Company accounted for PCI loans and associated income recognition in accordance with ASC Subtopic 310-30 – Receivables-Loans and Debt Securities Acquired with Deteriorated Credit Quality. Upon acquisition, the Company measured the amount by which the undiscounted expected cash future flows on PCI loans exceeded the estimated fair value of the loan as the “accretable yield,” representing the amount of estimated future interest income on the loan. The amount of accretable yield was re-measured at each financial reporting date, representing the difference between the remaining undiscounted expected cash flows and the current carrying value of the PCI loan. The accretable yield on PCI loans was recognized in interest income using the interest method. Following the adoption of ASC 326 on January 1, 2023, the Company analyzes all acquired loans at the time of acquisition for more-than-insignificant deterioration in credit quality since their origination date. Such loans are classified as purchased credit deteriorated (“PCD”) loans. Acquired loans classified as PCD are recorded at an initial amortized cost, which is comprised of the purchase price of the loans and the initial ACL determined for the loans, which is added to the purchase price, and any resulting discount or premium related to factors other than credit. PCI loans were considered to be PCD loans at the date of adoption of ASC 326. The Company accounts for interest income on PCD loans using the interest method, whereby any purchase discounts or premiums are accreted or amortized into interest income as an adjustment of the loan’s yield. An accretable yield is not determined for PCD loans. As part of the CFBanc merger on April 1, 2021, the Company acquired PCD loans. Prior to the CFBanc merger, there were no such acquired loans . The carrying amount of those loans was as follows: September 30 , December 31, 2022 (In thousand s) Real estate: Single family $ – $ 68 Commercial – other 45 57 $ 45 $ 125 The following tables summarize the discount on the PCD periods indicated: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (In thousands) Balance at the beginning of the period $ 7 $ 27 Deduction due to payoffs – (12 ) Accretion (2 ) (10 ) Balance at the end of the period $ 5 $ 5 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 (In thousands) Balance at the beginning of the period $ 160 $ 883 Deduction due to payoffs (71 ) (810 ) Accretion (4 ) (20 ) Balance at the end of the period $ 93 $ 93 Effective January 1, 2023, the Company accounts for credit losses on loans in accordance with ASC 326. ASC 326 requires the Company to recognize estimates for lifetime losses on loans and off-balance sheet loan commitments at the time of origination or acquisition. The recognition of losses at origination or acquisition represents the Company’s best estimate of the lifetime expected credit loss associated with a loan given the facts and circumstances associated with the particular loan, and involves the use of significant management judgement and estimates, which are subject to change based on management’s on-going assessment of the credit quality of the loan portfolio and changes in economic forecasts used in the model. The Company uses the WARM method when determining estimates for the ACL for each of its portfolio segments. The weighted average remaining life, including the effect of estimated prepayments, is calculated for each loan pool on a quarterly basis. The Company then estimates a loss rate for each pool using both its own historical loss experience and the historical losses of a group of peer institutions during the period from 2004 through the most recent quarter. The Company’s ACL model also includes adjustments for qualitative factors, where appropriate. Qualitative adjustments may include, but are not limited to factors such as: (i) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices; (ii) changes in international, national, regional, and local conditions; (iii) changes in the nature and volume of the portfolio and terms of loans; (iv) changes in the experience, depth, and ability of lending management; (v) changes in the volume and severity of past due loans and other similar conditions; (vi) changes in the quality of the organization’s loan review system; (vii) changes in the value of underlying collateral for collateral dependent loans; (viii) the existence and effect of any concentrations of credit and changes in the levels of such concentrations; and (ix) the effect of other external factors (i.e., competition, legal and regulatory requirements) on the level of estimated credit losses. These qualitative factors incorporate the concept of reasonable and supportable forecasts, as required by ASC 326. The following tables summarize the activity in the allowance for credit losses on loans for the period indicated: Three Months Ended September 30, 2023 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance ( In thousands Loans receivable held for investment: Real estate: Single family $ 247 $ – $ – $ (6 ) $ 241 Multi-family 4,255 – – (8 ) 4,247 Commercial real estate 1,012 – – 9 1,021 Church 83 – – (4 ) 79 Construction 788 – – 59 847 Commercial - other 546 – – (121 ) 425 SBA loans 39 – – – 39 Consumer – – – – – Total $ 6,970 $ – $ – $ (71 ) $ 6,899 Nine Months Ended September 30, 2023 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single family $ 109 $ 214 $ – $ – $ (82 ) $ 241 Multi-family 3,273 603 – – 371 4,247 Commercial real estate 449 466 – – 106 1,021 Church 65 37 – – (23 ) 79 Construction 313 219 – – 315 847 Commercial - other 175 254 – – (4 ) 425 SBA loans – 20 – – 19 39 Consumer 4 (4 ) – – – – Total $ 4,388 $ 1,809 $ – $ – $ 702 $ 6,899 (1) The bank also recorded a provision for off-balance sheet loan commitments of $69 thousand for the three months ended September 30, 2023 and $106 thousand for the nine months ended September 30, 2023. The following tables present the activity in the allowance for loan losses by loan type for the periods indicated (in thousands): For the Three Months Ended September 30, 2022 Real Estate Single Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 Provision for (recapture of) loan losses (8 ) 641 142 6 187 53 – 1,021 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 112 $ 2,919 $ 295 $ 54 $ 408 $ 191 $ 4 $ 3,983 For the Nine Months Ended September 30, 2022 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (33 ) 262 59 (49 ) 196 168 (11 ) 592 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 112 $ 2,919 $ 295 $ 54 $ 408 $ 191 $ 4 $ 3,983 The ACL increased to $6.9 million as of September 30, 2023, compared to $4.4 million as of December 31, 2022. The increase was due to the implementation of the CECL methodology adopted by the Bank effective January 1, 2023, which increased the ACL by $1.8 million. In addition, the Bank recorded an additional provision for credit losses of $808 thousand for the nine months ended September 30, 2023 due to loan originations during the period. The CECL methodology includes estimates of expected loss rates in the future, whereas the former Allowance for Loan and Lease (“ALLL”) methodology did not. Prior to the Company’s adoption of ASC 326 on January 1, 2023, the Company maintained ALLL in accordance with ASC 310 and ASC 450 that covered estimated credit losses on individually evaluated loans that were determined to be impaired, as well as estimated probable incurred losses inherent in the remainder of the loan portfolio. Beginning on January 1, 2023, the Company evaluates loans collectively for purposes of determining the ACL in accordance with ASC 326. Collective evaluation is based on aggregating loans deemed to possess similar risk characteristics. In certain instances, the Company may identify loans that it believes no longer possess risk characteristics similar to other loans in the loan portfolio. These loans are typically identified from those that have exhibited deterioration in credit quality, since the specific attributes and risks associated with such loans tend to become unique as the credit deteriorates. Such loans are typically nonperforming, downgraded to substandard or worse, and/or are deemed collateral dependent, where the ultimate repayment of the loan is expected to come from the operation of or eventual sale of the collateral. Loans that are deemed by management to no longer possess risk characteristics similar to other loans in the portfolio, or that have been identified as collateral dependent, are evaluated individually for purposes of determining an appropriate ACL. The Company uses a discounted cash flow approach, using the loan’s effective interest rate, for determining the ACL on individually evaluated loans, unless the loan is deemed collateral dependent, which requires evaluation based on the estimated fair value of the underlying collateral, less estimated selling costs. The Company may increase or decrease the ACL for collateral dependent loans based on changes in the estimated fair value of the collateral. The following table presents collateral dependent loans by collateral type as of the date indicated: September 30, 2023 Single Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single family $ 47 $ – $ – $ – $ 47 Multi family – 5,707 – – 5,707 Commercial real estate – – 69 – 69 Church – – 395 – 395 Commercial – other – – – 135 135 Total $ 47 $ 5,707 $ 464 $ 135 $ 6,353 At September 30, 2023, $6.4 million of individually evaluated loans were evaluated based on the underlying value of the collateral and no individually evaluated loans were evaluated using a discounted cash flow approach. These loans had no associated ACL as of September 30, 2023. The increase in multi-family residential loans was due to one loan whose payments were being supported by a guarantor as of September 30, 2023. There was no ACL associated with this loan as of September 30, 2023. None of these collateral dependent loans were on nonaccrual status at September 30, 2023. Prior to the adoption of ASC 326 on January 1, 2023, the Company classified loans as impaired when, based on current information and events, it was probable that the Company would be unable to collect all amounts due according to the contractual terms of the loan agreement or it was determined that the likelihood of the Company receiving all scheduled payments, including interest, when due was remote. Credit losses on impaired loans were determined separately based on the guidance in ASC 310. Beginning January 1, 2023, the Company accounts for credit losses on all loans in accordance with ASC 326, which eliminates the concept of an impaired loan within the context of determining credit losses and requires all loans to be evaluated for credit losses collectively based on similar risk characteristics. Loans are only evaluated individually when they are deemed to no longer possess similar risk characteristics with other loans in the loan portfolio. The following table presents 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 the impairment method as of the date indicated: December 31, 2022 Real Estate Single Family Multi- 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 CFBanc 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 The following table presents information related to loans individually evaluated for impairment by loan type as of the dates indicated: December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Church $ 1,572 $ 1,572 $ – With an allowance recorded: Single family 57 57 3 Church 83 83 4 Total $ 1,712 $ 1,712 $ 7 The recorded investment in loans excludes accrued interest receivable due to immateriality. Accrued interest receivable on loans was $3.0 million and $2.7 million at September 30, 2023 and December 31, 2022, respectively, and is included in the Balance Sheet under Accrued interest receivable. For purposes of this disclosure, the unpaid principal balance is not reduced for net charge-offs. The following tables present the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 60 $ 1 $ 63 $ 3 Multi-family 268 5 274 14 Church 2,172 25 2,197 76 Commercial - other – – – – Total $ 2,500 $ 31 $ 2,534 $ 93 Past Due Loans The following tables present the aging of the recorded investment in past due loans by loan type as of the dates indicated: September 30, 2023 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 $ – $ – $ – $ – $ 25,514 $ 25,514 Multi-family – – – – 534,057 534,057 Commercial real estate – – – – 116,100 116,100 Church – – – – 12,896 12,896 Construction 1,210 – – 1,210 80,603 81,813 Commercial - other – – – – 64,943 64,943 SBA loans – – – – 7,770 7,770 Consumer – – – – 20 20 Total $ 1,210 $ – $ – $ 1,210 $ 841,903 $ 843,113 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 The following table presents the recorded investment in non-accrual loans by loan type as of the dates indicated: September 30, 2023 December 31, 2022 (In thousands) Loans receivable held for investment: Church $ – $ 144 Total non-accrual loans $ – $ 144 There were no loans 90 days or more delinquent that were accruing interest as of September 30, 2023 or December 31, 2022. Modified Loans to Troubled Borrowers On January 1, 2023, the Company adopted ASU 2022-02, which introduces new reporting requirements for modifications of loans to borrowers experiencing financial difficulty. GAAP requires that certain types of modifications of loans in response to a borrower’s financial difficulty be reported, which consist of the following: (i) principal forgiveness, (ii) interest rate reduction, (iii) other-than-insignificant payment delay, (iv) term extension, or (v) any combination of the foregoing. The ACL for loans that were modified in response to a borrower’s financial difficulty is measured on a collective basis, as with other loans in the loan portfolio, unless management determines that such loans no longer possess risk characteristics similar to others in the loan portfolio. In those instances, the ACL for such loans is determined through individual evaluation. There were no loan modifications to borrowers that were experiencing financial difficulty during the three or nine months ended September 30, 2023. Troubled Debt Restructurings (TDRs) Prior to the adoption of ASU 2022-02 – Financial Instruments-Credit Losses: Troubled Debt Restructurings and Vintage Disclosures ASU 2022-02 eliminated the concept of TDRs in current GAAP, and therefore, beginning January 1, 2023, the Company no longer reports loans modified as TDRs except for those loans modified and reported as TDRs in prior period financial information under previous GAAP. 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. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. ● Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ● Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. ● Loss. Loans classified as loss are considered uncollectible and of such little value that to continue to carry the loan as an active asset is no longer warranted. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor and/or by the value of the underlying collateral. Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms. The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination as of September 30, 2023 : Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (In thousands) Single family: Pass $ 4 $ – $ 3,743 $ 2,688 $ 2,271 $ 15,179 $ – $ 23,885 Watch – – – 754 – 283 – 1,037 Special Mention – – – – – 252 – 252 Substandard – – – – – 340 – 340 Total $ 4 $ – $ 3,743 $ 3,442 $ 2,271 $ 16,054 $ – $ 25,514 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Multi-family: Pass $ 46,126 $ 185,387 $ 149,777 $ 30,245 $ 45,639 $ 55,476 $ – $ 512,650 Watch – 3,300 – – – 967 – 4,267 Special Mention – – – 904 – 1,352 – 2,256 Substandard – – – – – 14,884 – 14,884 Total $ 46,126 $ 188,687 $ 149,777 $ 31,149 $ 45,639 $ 72,679 $ – $ 534,057 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Commercial real estate: Pass $ 3,020 $ 25,280 $ 22,222 $ 16,862 $ 22,078 $ 20,299 $ – $ 109,761 Watch – – – – – 1,088 – 1,088 Special Mention – – – – – – – – Substandard – – – $ – $ – 5,251 – $ 5,251 Total $ 3,020 $ 25,280 $ 22,222 $ 16,862 $ 22,078 $ 26,638 $ – $ 116,100 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Church: Pass $ 1,828 $ – $ – $ 3,985 $ – $ 5,463 $ – $ 11,276 Watch – – – – – – – – Special Mention – – – – 640 – – 640 Substandard – – – – – 980 – 980 Total $ 1,828 $ – $ – $ 3,985 $ 640 $ 6,443 $ – $ 12,896 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Construction: Pass $ – $ 1,115 $ 1,210 $ – $ – $ 2,117 $ – $ 4,442 Watch 33,933 35,665 5,253 – – – – 74,851 Special Mention – 2,520 – – – – – 2,520 Substandard – – – – – – – – Total $ 33,933 $ 39,300 $ 6,463 $ – $ – $ 2,117 $ – $ 81,813 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Commercial – other: Pass $ 15,045 $ 2,637 $ 6,240 $ 3,723 $ 6,209 $ 24,730 $ – $ 58,584 Watch – 459 746 1,500 2,250 1,232 – 6,187 Special Mention – – 172 – – – – 172 Substandard – – – – – – – – Total $ 15,045 $ 3,096 $ 7,158 $ 5,223 $ 8,459 $ 25,962 $ – $ 64,943 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – SBA: Pass $ 4,550 $ 148 $ 2,453 $ – $ – $ 129 $ – $ 7,280 Watch – – – – – – – – Special Mention – – – 490 – – – 490 Substandard – – – – – – – – Total $ 4,550 $ 148 $ 2,453 $ 490 $ – $ 129 $ – $ 7,770 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Consumer: Pass $ 20 $ – $ – $ – $ – $ – $ – $ 20 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – – – – – Total $ 20 $ – $ – $ – $ – $ – $ – $ 20 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Total loans: Pass $ 70,593 $ 214,567 $ 185,645 $ 57,503 $ 76,197 $ 123,393 $ – $ 727,898 Watch 33,933 39,424 5,999 2,254 2,250 3,570 – 87,430 Special Mention – 2,520 172 1,394 640 1,604 – 6,330 Substandard – – – – – 21,455 – 21,455 Total loans $ 104,526 $ 256,511 $ 191,816 $ 61,151 $ 79,087 $ 150,022 $ – $ 843,113 Total YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – The following table stratifies the loan portfolio by the Company’s internal risk rating as of the date indicated: 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 - other 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 Allowance for Credit Losses for Off-Balance Sheet Commitments The Company maintains an allowance for credit losses on off-balance sheet commitments related to unfunded loans and lines of credit, which is included in other liabilities of the consolidated statements of financial condition. Upon the Company’s adoption of ASC 326 on January 1, 2023, the Company applies an expected credit loss estimation methodology for off-balance sheet commitments. This methodology is commensurate with the methodology applied to each respective segment of the loan portfolio in determining the ACL for loans held-for-investment. The loss estimation process includes assumptions for the probability that a loan will fund, as well as the expected amount of funding. These assumptions are based on the Company’s own historical internal loan data. The allowance for off-balance sheet commitments was $474 thousand and $412 thousand at September 30, 2023 and December 31, 2022, respectively. This amount is included in other liabilities on the balance sheet. The provision for off-balance sheet loan commitments was $69 thousand for the three months ended and $106 thousand for the .

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	9 Months Ended
	Sep. 30, 2023
Goodwill and Core Deposit Intangible [Abstract]
Goodwill and Core Deposit Intangible	NOTE 5 – The Company recognized goodwil l of and a core deposit intangible of as of September 30, 2023. The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the nine months ended September 30, 2023: Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,858 $ 2,501 Additions – – Change in deferred tax estimate – – Amortization – (293 ) Balance at the end of the period $ 25,858 $ 2,208 The carrying amount of the core deposit intangible consisted of the following at September 30 Core deposit intangible acquired $ 3,329 Less: accumulated amortization (1,121 ) $ 2,208 The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): 2023 $ 98 2024 336 2025 315 2026 304 2027 291 Thereafter 864 $ 2,208

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2023
Borrowings [Abstract]
Borrowings	NOTE 6 – Borrowings T he Company enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. urities is reflected as a liability in the Company’s consolidated hile the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. September 30, 2023 September At September and December 31, 2022, the Company had outstanding advances from the FHLB totaling $187.7 million and $128.3 million, respectively. The weighted interest rate was 4.83% and 3.74% as of September and December 31, 2022, respectively. The weighted average contractual maturity was 3 months and 7 months as of September and December 31, 2022, respectively. The advances were collateralized by loans with a fair value of $457.3 million at September 30 September 30 In addition, the Company had additional lines of credit of $10.0 million with other financial institutions as of September 30, 2023. These lines of credit are unsecured, bear interest at the Federal funds rate as of the date of utilization and mature in 30 days. There were no amounts outstanding under these lines of credit as of September 30, 2023. In connection with the New Market Tax Credit activities of the Bank, CFC 45 is a partnership whose members include CFNMA and City First New Markets Fund II, LLC. This community development entity (“CDE”) acts in effect as a pass-through for a Merrill Lynch allocation totaling $14.0 million that needed to be deployed. In December 2015, Merrill Lynch made a $14.0 million non-recourse loan to CFC 45, whereby CFC 45 passed that loan through to a Qualified Active Low-Income Business (“QALICB”). The loan to the QALICB is secured by a Leasehold Deed of Trust that, due to the pass-through, non-recourse structure, is operationally and ultimately for the benefit of Merrill Lynch rather than CFC 45. Debt service payments received by CFC 45 from the QALICB are passed through to Merrill Lynch in return for which CFC 45 receives a servicing fee. The financial statements of CFC 45 are consolidated with those of the Bank and the Company. There are two notes for CFC 45. Note A is in the amount of $9.9 million with a fixed interest rate of 5.2% per annum. Note B is in the amount of $4.1 million with a fixed interest rate of 0.24% per annum. Quarterly interest only payments commenced in March 2016 and continued through March 2023 for Notes A and B. Beginning in September 2023, quarterly principal and interest payments were due for Notes A and B. Both notes mature on December 1, 2040.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2023
Fair Value [Abstract]
Fair Value	NOTE 7 – 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 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. Collateral dependent loans are evaluated on a quarterly basis for additional required calculation adjustments (taken as part of the ACL) 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 loans and assets acquired through or by transfer of in lieu of foreclosure are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, an independent third-party licensed appraiser reviews the appraisals for accuracy and reasonableness, reviewing the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Assets Measured on a Recurring Basis Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) At September 30, 2023: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 65,137 $ – $ 65,137 Federal agency CMOs – 23,296 – 23,296 Federal agency debt – 51,574 – 51,574 Municipal bonds – 4,170 – 4,170 U.S. Treasuries 161,650 – – 161,650 SBA pools – 10,602 – 10,602 At December 31, 2022: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 74,169 $ – $ 74,169 Federal agency CMOs – 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 There were no transfers between Level 1, Level 2, or Level 3 during the three or nine months ended September 30, 2023 and 2022. As of September 30, 2023 and December 31, 2022, the Bank did not have any assets or liabilities carried at fair value on a nonrecurring basis. Fair Values of Financial Instruments The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments not recorded at fair value on a recurring basis as of September 30, 2023 and December 31, 2022. Fair Value Measurements at September 30, 2023 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 11,487 $ 11,487 $ – $ – $ 11,487 Securities available-for-sale 316,429 161,650 154,779 – 316,429 Loans receivable held for investment 835,356 – – 702,200 702,200 Accrued interest receivable 4,925 444 1,271 3,210 4,925 Financial Liabilities: Deposits $ 671,469 $ – $ 594,065 $ $ 594,065 FHLB advances 187,721 – 185,998 – 185,998 Securities sold under agreements to repurchase 75,815 – 73,461 – 73,461 Notes payable 14,000 – – 14,000 14,000 Accrued interest payable 1,026 – 1,026 – 1,026 Fair Value Measurements at December 31, 2022 Carrying 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 Financial Liabilities: Deposits $ 686,916 $ – $ 673,615 $ – $ 673,615 FHLB advances 128,344 – 126,328 – 126,328 Securities sold under agreements to repurchase 63,471 – 60,017 – 60,017 Notes payable 14,000 – – 14,000 14,000 Accrued interest payable 453 – 453 – 453 In accordance with ASU No. 2016-01, the fair value of financial assets and liabilities was measured using an exit price notion. Although the exit price notion represents the value that would be received to sell an asset or paid to transfer a liability, the actual price received for a sale of assets or paid to transfer liabilities could be different from exit price disclosed.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2023
Stock-based Compensation [Abstract]
Stock-Based Compensation	NOTE 8 – Stock-based Compensation Prior to June 21, 2023, the Company issued stock-based compensation awards to its directors and officers under the 2018 Long Term Incentive Plan (“LTIP”) which allowed the grant of non-qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards. The maximum number of shares available to be awarded under the LTIP was 161,638 shares. During February of 2023 and 2022, the Company issued 9,230 and 5,898 shares of stock, respectively, to its directors under the LTIP, which were fully vested. During the nine months ended September 30, 2023 and 2022, the Company recorded $95 thousand and $84 thousand of director stock compensation expense, respectively, based on the fair value of the stock, which was determined using the fair value of the stock on the dates of the awards. During March of 2022, the Company issued 61,907 shares of restricted stock to its officers and employees under the LTIP, of which 14,562 shares have been forfeited as of September 30, 2023. 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. During the three months ended September 30, 2023 and 2022, the Company recorded $40 thousand and $35 thousand of stock-based compensation expense, respectively. During the nine months ended September 30, 2023 and 2022, the Company recorded $114 thousand and $93 thousand of stock-based compensation expense, respectively. On June 21, 2023, stockholders approved an Amendment and Restatement of the 2018 Long Term Incentive Plan (“Amended and Restated LTIP”) which allows the issuance of 487,500 additional shares and brought the number of shares that may be issued under the Amended and Restated LTIP to 649,138 shares. On June 21, 2023, the Company issued 92,700 shares of restricted stock to its officers and employees under the Amended and Restated LTIP, of which 6,442 shares have been forfeited as of September 30, 2023. 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. During the three and nine months ended September 30, 2023, the Company recorded $47 thousand and $59 thousand of stock-based compensation expense, respectively, related to these restricted stock awards. As of September 30, 2023, 202,127 shares had been awarded under the Amended and Restated LTIP and 447,011 shares were available to be awarded. No stock options were granted, exercised, forfeited or expired during the three and nine months ended September 30, 2023 or the three and nine months ended September 30, 2022. Options outstanding and exercisable at September 30, 2023 were as follows: Outstanding Exercisable Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value 31,250 2.38 years $ 12.96 $ – 31,250 $ 12.96 $ – T he Company did not record any stock-based compensation expense related to stock options during the three and nine months ended September 30, 2023 and 2022. All common stock share amounts above have been retroactively adjusted for the 1-for-8

ESOP Plan

ESOP Plan	9 Months Ended
	Sep. 30, 2023
ESOP Plan [Abstract]
ESOP Plan	NOTE 9 – ESOP Plan Employees participate in the ESOP after attaining certain age and service requirements. In 2022, the ESOP purchased 58,369 shares of the Company’s common stock at an average cost of $8.56 per share for a total cost of $500 thousand and during the first nine months of 2023 the ESOP purchased 369,958 shares of the Company’s common stock at an average cost of $9.19 per share for a total cost of $3.4 million. These purchases were funded with a $5.0 million line of credit from the Company. The loan will be repaid from the Bank’s annual discretionary contributions to the ESOP, net of dividends paid, over a period of 20 years. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants. When loan payments are made, shares are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. As the unearned shares are released from the suspense account, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to equity as additional paid-in capital. Any dividends on allocated shares increase participant accounts. Any dividends on unallocated shares will be used to repay the loan. Participants will receive shares for their vested balance at the end of their employment. Compensation expense related to the ESOP was $11 thousand and $11 thousand for the three months ended September 30, 2023 and 2022, respectively, and $33 thousand and $56 thousand for the nine months ended September 30, 2023 and 2022, respectively. Shares held by the ESOP were as follows: September 30, 2023 December 31, 2022 (Dollars in thousands) Allocated to participants 132,188 132,188 Committed to be released 4,946 1,237 Suspense shares 484,800 118,561 Total ESOP shares 621,934 251,986 Fair value of unearned shares $ 4,460 $ 1,016 The book value of unearned shares, which are reported as Unearned ESOP shares in the equity section of the consolidated statements of financial condition, were $4.8 million and $1.3 million at September 30, 2023 and December 31, 2022, respectively. All common stock share amounts and per share amounts above have been retroactively adjusted for the 1-for-8

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Matters	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity and Regulatory Matters [Abstract]
Stockholders' Equity and Regulatory Matters	NOTE 10 – Stockholders’ Equity and Regulatory Matters On June 7, 2022, the Company issued 150,000 shares of Senior Non-Cumulative Perpetual Preferred stock, Series C (“Series C Preferred Stock”), for the capital investment of $150.0 million from the U.S. Treasury under the Emergency Capital Investment Program (“ECIP”). ECIP investment is treated as Tier 1 Capital for the regulatory capital treatment. The Series C Preferred stock may be redeemed at the option of the Company on or after the fifth anniversary of issuance (or earlier in the event of loss of regulatory capital treatment), subject to the approval of the appropriate federal banking regulator in accordance with the federal banking agencies’ regulatory capital regulations. The initial dividend rate of the Series C Preferred Stock is zero percent for the first two years after issuance, and thereafter the dividend rate is 2.00% with the opportunity to reduce to a floor rate of 0.50% under certain circumstances. During the first quarter of 2022, the Company completed the exchange of all the Series A Fixed Rate Cumulative Redeemable Preferred Stock, with an aggregate liquidation rate of $3 million, plus accrued dividends, for 149,164 shares of Class A Common Stock at an exchange price of $20.08 per share of Class A Common Stock. The Bank’s capital requirements are administered by the Office of the Comptroller of the Currency (“OCC”) and involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the OCC. Failure to meet capital requirements can result in regulatory action. As a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies have developed a “Community Bank Leverage Ratio” (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%. Actual and required capital amounts and ratios as of the dates indicated are presented below: Actual Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio (Dollars in thousands) September 30 2023 Community Bank Leverage Ratio $ 182,635 15.13 % $ 108,634 9.00 % December 31 2022 Community Bank Leverage Ratio $ 181,304 15.75 % $ 103,591 9.00 % At September 30, 2023, the Company and the Bank met all the capital adequacy requirements to which they were subject. In addition, the Bank was “well capitalized” under the regulatory framework for prompt corrective action. Management believes that no conditions or events have occurred since September 30 All common stock share amounts and per share amounts above have been retroactively adjusted for the 1-for-8

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Taxes [Abstract]
Income Taxes	NOTE 11 – Income Taxes T he Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluated both positive and negative evidence, including the existence of any cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income and tax planning strategies. At September 30, 2023, the Company maintained a $369 thousand valuation allowance on its deferred tax assets because the number of shares sold in the private placements completed on April 6, 2021 triggered limitations on the use of certain tax attributes under the Section 382 of the federal tax code. The ability to use net operating losses (“NOLs”) to offset future taxable income will be restricted and these NOLs could expire or otherwise be unavailable. In general, under Section 382 of the Code and corresponding provisions of state law, a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change NOLs to offset future taxable income. For these purposes, an ownership change generally occurs where the aggregate stock ownership of one or more stockholders or groups of stockholders who owns at least 5% of a corporation’s stock increases its ownership by more than 50 percentage points over its lowest ownership percentage within a specified testing period.

Concentration of Credit Risk

Concentration of Credit Risk	9 Months Ended
	Sep. 30, 2023
Concentration of Credit Risk [Abstract]
Concentration of Credit Risk	NOTE 12 – Concentration of Credit Risk The Bank has a significant concentration of deposits with five customers that accounted for approximately 21% of its deposits as of September The Bank a lso h

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	NOTE 13 – Subsequent Events Purchase of Shares On October 31, 2023 the Company purchased 244,771 shares of its Class A (voting) Common Stock (adjusted for the 1-for-8 1-for-8

Basis of Financial Statement _2

Basis of Financial Statement Presentation (Policies)	9 Months Ended
	Sep. 30, 2023
Basis of Financial Statement Presentation [Abstract]
Consolidation	The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, City First Bank, National Association (the “Bank” and, together with the Company, “City First Broadway”). Also included in the unaudited consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. All significant intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2022 (“2022 Form 10-K”) and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.
Out-of-Period Adjustments	Out-of-Period Adjustments Following the quarter ended September 30, 2023, the Company performed a review of internal controls over financial reporting, encompassing an examination of financial reporting processes. During this assessment and while preparing financial statements for the three and nine months ended September 30, 2023, certain previously unrecorded adjustments totaling $8 thousand, net of tax expense, increasing net income were identified pertaining to prior periods. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108, these adjustments were evaluated both individually and collectively. Following this assessment, these adjustments were immaterial to both historical and current reporting periods. Consequently, the Company determined that no amendment to the previously filed reports was warranted. However, recognizing the importance of transparency and accuracy, the Company is addressing these prior period adjustments and incorporating them into its financial statements for the three and nine months ended September 30, 2023. These adjustments are included in the Other Expense line item on the Consolidated Statements of Operations and Comprehensive Income (Loss).
Reverse Stock Split	Reverse Stock Split On October 31, 2023, the Company effected a reverse stock split of the Company’s outstanding shares of Class A common stock, Class B common stock, and Class C common stock, par value $0.01 per share at a ratio of 1-for-8 8 shares ll common stock share amounts and per share numbers discussed herein have been retroactively adjusted f or the Reverse Stock Split.
Subsequent Events	Subsequent events have been evaluated through the date these financial statements were issued. See Note 13 - Subsequent Events. Except as discussed below, our accounting policies are described in Note 1 – Summary of Significant Accounting Policies of our audited consolidated financial statements included in the 2022 Form 10-K.
Allowance for Credit Losses	Allowance for Credit Losses – Securities Effective January 1, 2023, the Company accounts for the allowance for credit losses (“ACL”) on securities in accordance with Accounting Standards Codification Topic 326 (“ASC 326”) – Financial Instruments-Credit Losses For available-for-sale investment securities, the Company performs a qualitative evaluation for those securities that are in an unrealized loss position to determine if the decline in fair value is credit related or non-credit related. In determining whether a security’s decline in fair value is credit related, the Company considers a number of factors including, but not limited to: (i) the extent to which the fair value of the investment is less than its amortized cost; (ii) the financial condition and near-term prospects of the issuer; (iii) any downgrades in credit ratings; (iv) the payment structure of the security; (v) the ability of the issuer of the security to make scheduled principal and interest payments; and (vi) general market conditions which reflect prospects for the economy as a whole, including interest rates and sector credit spreads. For investment securities where the Company has reason to believe the credit loss exposure is remote, a zero credit loss assumption is applied. Such investment securities typically consist of those guaranteed by the U.S. government or other government enterprises, where there is an explicit or implicit guarantee by the U.S. government, that are highly rated by rating agencies, and historically have had no credit loss experience. If it is determined that the unrealized loss, or a portion thereof, is credit related, the Company records the amount of credit loss through a charge to the provision for credit losses in current period earnings. However, the amount of credit loss recorded in current period earnings is limited to the amount of the total unrealized loss on the security, which is measured as the amount by which the security’s fair value is below its amortized cost. If the Company intends to sell a security that is in an unrealized loss position, or if it is more likely than not the Company will be required to sell a security in an unrealized loss position, the total amount of the unrealized loss is recognized in current period earnings through the provision for credit losses. Unrealized losses deemed non-credit related are recorded, net of tax, in accumulated other comprehensive income (loss). The Company’s assessment of available-for-sale investment securities as of September 30, 2023, indicated that an ACL was not required. The Company analyzed available-for-sale investment securities that were in an unrealized loss position and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. As such, no ACL was recorded for available-for-sale securities as of September 30, 2023. Allowance for Credit Losses - Loans Effective January 1, 2023, the Company accounts for credit losses on loans in accordance with ASC 326, which requires the Company to record an estimate of expected lifetime credit losses for loans at the time of origination or acquisition. The ACL is maintained at a level deemed appropriate by management to provide for expected credit losses in the portfolio as of the date of the consolidated statements of financial condition. Estimating expected credit losses requires management to use relevant forward-looking information, including the use of reasonable and supportable forecasts. The measurement of the ACL is performed by collectively evaluating loans with similar risk characteristics. The Company measures the ACL for each of its loan segments using the weighted-average remaining maturity (“WARM”) method. The weighted average remaining life, including the effect of estimated prepayments, is calculated for each loan pool on a quarterly basis. The Company then estimates a loss rate for each pool using both its own historical loss experience and the historical losses of a group of peer institutions during the period from 2004 through the most recent quarter. The Company’s ACL model also includes adjustments for qualitative factors, where appropriate. Since historical information (such as historical net losses) may not always, by itself, provide a sufficient basis for determining future expected credit losses, the Company periodically considers the need for qualitative adjustments to the ACL. Qualitative adjustments may include, but are not limited to factors such as: (i) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices; (ii) changes in international, national, regional, and local conditions; (iii) changes in the nature and volume of the portfolio and terms of loans; (iv) changes in the experience, depth, and ability of lending management; (v) changes in the volume and severity of past due loans and other similar conditions; (vi) changes in the quality of the organization’s loan review system; (vii) changes in the value of underlying collateral for collateral dependent loans; (viii) the existence and effect of any concentrations of credit and changes in the levels of such concentrations; and (ix) the effect of other external factors (i.e., competition, legal and regulatory requirements) on the level of estimated credit losses. The Company has a credit portfolio review process designed to detect problem loans. Problem loans are typically those of a substandard or worse internal risk grade, and may consist of loans on nonaccrual status, loans that have recently been modified in response to a borrower’s deteriorating financial condition, loans where the likelihood of foreclosure on underlying collateral has increased, collateral dependent loans, and other loans where concern or doubt over the ultimate collectability of all contractual amounts due has become elevated. Such loans may, in the opinion of management, be deemed to no longer possess risk characteristics similar to other loans in the loan portfolio, because the specific attributes and risks associated with the loan have likely become unique as the credit quality of the loan deteriorates. As such, these loans may require individual evaluation to determine an appropriate ACL for the loan. When a loan is individually evaluated, the Company typically measures the expected credit loss for the loan based on a discounted cash flow approach, unless the loan has been deemed collateral dependent. Collateral dependent loans are loans where the repayment of the loan is expected to come from the operation of and/or eventual liquidation of the underlying collateral. The ACL for collateral dependent loans is determined using estimates of the fair value of the underlying collateral, less estimated selling costs. The estimation of the appropriate level of the ACL requires significant judgment by management. Although management uses the best information available to make these estimates, future adjustments to the ACL may be necessary due to economic, operating, regulatory, and other conditions that may extend beyond the Company’s control. Changes in management’s estimates of forecasted net losses could materially change the level of the ACL. Additionally, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ACL and credit review process. Such agencies may require the Company to recognize additions to the ACL based on judgments different from those of management. The Company has segmented the loan portfolio according to loans that share similar attributes and risk characteristics. Each segment possesses varying degrees of risk based on, among other things, the type of loan, the type of collateral, and the sensitivity of the borrower or industry to changes in external factors such as economic conditions. The Company determines the ACL for loans based on this more detailed loan segmentation and classification. These segments, and the risks associated with each segment, are as follows: Real Estate: Single Family – Subject to adverse employment conditions in the local economy leading to increased default rate, decreased market values from oversupply in a geographic area and incremental rate increases on adjustable-rate mortgages which may impact the ability of borrowers to maintain payments. Real Estate: Multi‑Family – Subject to adverse various market conditions that cause a decrease in market value or lease rates, changes in personal funding sources for tenants, oversupply of units in a specific region, population shifts and reputational risks. Real Estate: Commercial Real Estate – Subject to adverse conditions in the local economy which may lead to reduced cash flows due to vacancies and reduced rental rates and decreases in the value of underlying collateral. Real Estate: Church – Subject to adverse economic and employment conditions, which may lead to reduced cash flows from members’ donations and offerings, and the stability, quality, and popularity of church leadership. Real Estate: Construction – Subject to adverse conditions in the local economy, which may lead to reduced demand for new commercial, multi‑family, or single family buildings or reduced lease or sale opportunities once the building is complete. Commercial and SBA Loans – Subject to industry and economic conditions including decreases in product demand. Consumer – Subject to adverse employment conditions in the local economy, which may lead to higher default rates.
Modified Loans to Borrowers Experiencing Financial Difficulty	Modified Loans to Borrowers Experiencing Financial Difficulty In certain instances, the Company makes modifications to loans in order to alleviate temporary difficulties in the borrower’s financial condition and/or constraints on the borrower’s ability to repay the loan, and to minimize potential losses to the Company. Modifications may include: changes in the amortization terms of the loan, reductions in interest rates, acceptance of interest only payments, and reductions to the outstanding loan balance (or any combination of such changes). Such loans are typically placed on nonaccrual status when there is doubt concerning the full repayment of principal and interest or the loan has been in default for a period of 90 days or more. Such loans may be returned to accrual status when all contractual amounts past due have been brought current, and the borrower’s performance under the modified terms of the loan agreement and the ultimate collectability of all contractual amounts due under the modified terms is no longer in doubt. The Company typically measures the ACL on these loans on an individual basis as the loans are deemed to no longer have risk characteristics that are similar to other loans in the portfolio. The determination of the ACL for these loans is based on a discounted cash flow approach, unless the loan is deemed collateral dependent, which requires measurement of the ACL based on the estimated expected fair value of the underlying collateral, less selling costs.
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 – Financial Instruments-Credit Losses (Topic 32 6): In April 2019, the FASB issued ASU 2019-04 – Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815-Derivatives and Hedging, and Topic 825-Financial Instruments In May 2019, the FASB issued ASU 2019-05 - Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief Financial Instruments-Credit Losses-Measured at Amortized Cost Financial Instruments Effective January 1, 2023, the Company adopted the provisions of ASC 326 through the application of the modified retrospective transition approach, and recorded a net decrease of $1.3 million to the beginning balance of retained earnings as of January 1, 2023 for the cumulative effect adjustment. The following table illustrates the impact of the adoption of the CECL model under ASC 326 on the Company’s consolidated statements of financial position as of January 1, 2023: Pre-CECL Adoption Impact of CECL Adoption As Reported Under CECL (In thousands) Assets: Allowance for credit losses on available-for-sale securities $ – $ – $ – Allowance for credit losses on loans 4,388 1,809 6,197 Deferred tax assets 11,872 508 12,380 Liabilities: Allowance for credit losses on off-balance sheet exposures 412 (45 ) 367 Stockholders’ equity: Retained earnings 9,294 (1,256 ) 8,038 The Company’s assessment of available-for-sale investment securities as of January 1, 2023 indicated that an ACL was not required. The Company analyzed available-for-sale investment securities that were in an unrealized loss position as of the date of adoption and determined the decline in fair value for those securities was not related to credit, but rather related to changes in interest rates and general market conditions. As such, no ACL was recorded for available-for-sale securities as of January 1, 2023. Upon the adoption of ASC 326, the Company did not reassess purchased loans with credit deterioration (previously classified as purchased credit impaired loans under ASC 310-30). In February 2019, the U.S. federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in the adverse regulatory capital effects of the impact of adoption of ASC 326 over a three-year period. As a result, entities have the option to gradually phase in the full effect of CECL on regulatory capital over a three-year transition period. The Company implemented its CECL model commencing January 1, 2023 and elected to phase in the effect of CECL on regulatory capital over the three-year transition period. In March 2022, the FASB issued ASU 2022-02 – Financial Instruments-Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures Receivables-Troubled Debt Restructurings by Creditors

Basis of Financial Statement _3

Basis of Financial Statement Presentation (Tables)	9 Months Ended
	Sep. 30, 2023
Basis of Financial Statement Presentation [Abstract]
Impact of ASC 326 Adoption	Effective January 1, 2023, the Company adopted the provisions of ASC 326 through the application of the modified retrospective transition approach, and recorded a net decrease of $1.3 million to the beginning balance of retained earnings as of January 1, 2023 for the cumulative effect adjustment. The following table illustrates the impact of the adoption of the CECL model under ASC 326 on the Company’s consolidated statements of financial position as of January 1, 2023: Pre-CECL Adoption Impact of CECL Adoption As Reported Under CECL (In thousands) Assets: Allowance for credit losses on available-for-sale securities $ – $ – $ – Allowance for credit losses on loans 4,388 1,809 6,197 Deferred tax assets 11,872 508 12,380 Liabilities: Allowance for credit losses on off-balance sheet exposures 412 (45 ) 367 Stockholders’ equity: Retained earnings 9,294 (1,256 ) 8,038

Earnings Per Share of Common _2

Earnings Per Share of Common Stock (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share of Common Stock [Abstract]
Basic and Diluted Earnings Per Share of Common Stock	The following table shows how the Company computed basic and diluted earnings per share of common stock for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands, except share and per share data) Net income $ 91 $ 1,318 $ 1,907 $ 4,130 Less net income attributable to participating securities 1 7 27 25 Income available to common stockholders $ 90 $ 1,311 $ 1,880 $ 4,105 Weighted average common shares outstanding for basic earnings per common share (1) 8,709,301 9,069,410 8,756,189 9,048,363 Add: dilutive effects of unvested restricted stock awards (1) 116,493 51,069 123,004 55,269 Add: dilutive effects of assumed exercise of stock options (2) – – – – Weighted average common shares outstanding for diluted earnings per common share (1) 8,825,794 9,120,479 8,879,193 9,103,632 Earnings per common share - basic (1) $ 0.01 $ 0.14 $ 0.21 $ 0.45 Earnings per common share - diluted (1) $ 0.01 $ 0.14 $ 0.21 $ 0.45 (1) 1-for-8 (2)

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Securities [Abstract]
Available-for-Sale Investment Securities Portfolios	The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios as of the dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive loss: Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2023: Federal agency mortgage-backed securities (“MBS”) $ 78,141 $ 2 $ (13,006 ) $ 65,137 Federal agency collateralized mortgage obligations (“CMO”) 25,342 – (2,046 ) 23,296 Federal agency debt 55,839 – (4,265 ) 51,574 Municipal bonds 4,842 – (672 ) 4,170 U.S. Treasuries 166,786 – (5,136 ) 161,650 U.S. Small Business Administration (“SBA”) pools 12,659 5 (2,062 ) 10,602 Total available-for-sale securities $ 343,609 $ 7 $ (27,187 ) $ 316,429 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
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 September Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 79,627 $ – $ (1,289 ) $ 78,338 Due after one year through five years 141,871 – (7,344 ) 134,527 Due after five years through ten years 35,895 – (3,688 ) 32,207 Due after ten years (1) 86,216 7 (14,866 ) 71,357 $ 343,609 $ 7 $ (27,187 ) $ 316,429 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.
Securities 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 (In thousands) September 30, 2023 Federal agency mortgage-backed securities $ 49 $ – $ 64,898 $ (13,006 ) $ 64,947 $ (13,006 ) Federal agency CMOs 768 (4 ) 22,528 (2,042 ) 23,296 (2,046 ) Federal agency debt 5,520 (72 ) 46,054 (4,193 ) 51,574 (4,265 ) Municipal bonds – – 4,170 (672 ) 4,170 (672 ) U. S. Treasuries 14,267 (465 ) 147,383 (4,671 ) 161,650 (5,136 ) SBA pools 288 (1 ) 9,143 (2,061 ) 9,431 (2,062 ) Total unrealized loss position investment securities $ 20,892 $ (542 ) $ 294,176 $ (26,645 ) $ 315,068 $ (27,187 ) December 31, 2022: 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 )

Loans Receivable Held for Inv_2

Loans Receivable Held for Investment (Tables)	9 Months Ended
	Sep. 30, 2023
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Loans receivable held for investment were as follows as of the dates indicated: September 30, 2023 December 31, 2022 (In thousands) Real estate: Single family $ 25,514 $ 30,038 Multi-family 532,689 502,141 Commercial real estate 116,100 114,574 Church 12,896 15,780 Construction 81,813 40,703 Commercial – other 64,943 64,841 SBA loans (1) 7,770 3,601 Consumer 20 11 Gross loans receivable before deferred loan costs and premiums 841,745 771,689 Unamortized net deferred loan costs and premiums 1,368 1,755 Gross loans receivable 843,113 773,444 Credit and interest marks on purchased loans, net (858 ) (1,010 ) Allowance for credit losses (2) (6,899 ) (4,388 ) Loans receivable, net $ 835,356 $ 768,046 (1) Including Paycheck Protection Program (PPP) loans. (2) The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.
Carrying Amount of Purchased Credit Deteriorated Loans	The carrying amount of those loans was as follows: September 30 , December 31, 2022 (In thousand s) Real estate: Single family $ – $ 68 Commercial – other 45 57 $ 45 $ 125
Accretable yield on Purchased Credit Deteriorated Loans	The following tables summarize the discount on the PCD periods indicated: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (In thousands) Balance at the beginning of the period $ 7 $ 27 Deduction due to payoffs – (12 ) Accretion (2 ) (10 ) Balance at the end of the period $ 5 $ 5 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 (In thousands) Balance at the beginning of the period $ 160 $ 883 Deduction due to payoffs (71 ) (810 ) Accretion (4 ) (20 ) Balance at the end of the period $ 93 $ 93
Activity in Allowance for Credit Losses on Loans	The following tables summarize the activity in the allowance for credit losses on loans for the period indicated: Three Months Ended September 30, 2023 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance ( In thousands Loans receivable held for investment: Real estate: Single family $ 247 $ – $ – $ (6 ) $ 241 Multi-family 4,255 – – (8 ) 4,247 Commercial real estate 1,012 – – 9 1,021 Church 83 – – (4 ) 79 Construction 788 – – 59 847 Commercial - other 546 – – (121 ) 425 SBA loans 39 – – – 39 Consumer – – – – – Total $ 6,970 $ – $ – $ (71 ) $ 6,899 Nine Months Ended September 30, 2023 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single family $ 109 $ 214 $ – $ – $ (82 ) $ 241 Multi-family 3,273 603 – – 371 4,247 Commercial real estate 449 466 – – 106 1,021 Church 65 37 – – (23 ) 79 Construction 313 219 – – 315 847 Commercial - other 175 254 – – (4 ) 425 SBA loans – 20 – – 19 39 Consumer 4 (4 ) – – – – Total $ 4,388 $ 1,809 $ – $ – $ 702 $ 6,899 (1) The bank also recorded a provision for off-balance sheet loan commitments of $69 thousand for the three months ended September 30, 2023 and $106 thousand for the nine months ended September 30, 2023. The following tables present the activity in the allowance for loan losses by loan type for the periods indicated (in thousands): For the Three Months Ended September 30, 2022 Real Estate Single Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 120 $ 2,278 $ 153 $ 48 $ 221 $ 138 $ 4 $ 2,962 Provision for (recapture of) loan losses (8 ) 641 142 6 187 53 – 1,021 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 112 $ 2,919 $ 295 $ 54 $ 408 $ 191 $ 4 $ 3,983 For the Nine Months Ended September 30, 2022 Real Estate Single Family Multi- Family Commercial Real Estate Church Construction Commercial - Other Consumer Total Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (33 ) 262 59 (49 ) 196 168 (11 ) 592 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 112 $ 2,919 $ 295 $ 54 $ 408 $ 191 $ 4 $ 3,983
Collateral Dependent Loans By Collateral Type	The following table presents collateral dependent loans by collateral type as of the date indicated: September 30, 2023 Single Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single family $ 47 $ – $ – $ – $ 47 Multi family – 5,707 – – 5,707 Commercial real estate – – 69 – 69 Church – – 395 – 395 Commercial – other – – – 135 135 Total $ 47 $ 5,707 $ 464 $ 135 $ 6,353
Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method	The following table presents 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 the impairment method as of the date indicated: December 31, 2022 Real Estate Single Family Multi- 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 CFBanc 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
Loans Individually Evaluated for Impairment by Loan Type	The following table presents information related to loans individually evaluated for impairment by loan type as of the dates indicated: December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Church $ 1,572 $ 1,572 $ – With an allowance recorded: Single family 57 57 3 Church 83 83 4 Total $ 1,712 $ 1,712 $ 7
Average of Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income	The following tables present the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the periods indicated: Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Average Recorded Investment Cash Basis Interest Income Recognized Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single family $ 60 $ 1 $ 63 $ 3 Multi-family 268 5 274 14 Church 2,172 25 2,197 76 Commercial - other – – – – Total $ 2,500 $ 31 $ 2,534 $ 93
Aging of Recorded Investment in Past Due Loans by Loan Type	The following tables present the aging of the recorded investment in past due loans by loan type as of the dates indicated: September 30, 2023 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 $ – $ – $ – $ – $ 25,514 $ 25,514 Multi-family – – – – 534,057 534,057 Commercial real estate – – – – 116,100 116,100 Church – – – – 12,896 12,896 Construction 1,210 – – 1,210 80,603 81,813 Commercial - other – – – – 64,943 64,943 SBA loans – – – – 7,770 7,770 Consumer – – – – 20 20 Total $ 1,210 $ – $ – $ 1,210 $ 841,903 $ 843,113 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
Recorded Investment in Non-accrual Loans by Loan Type	The following table presents the recorded investment in non-accrual loans by loan type as of the dates indicated: September 30, 2023 December 31, 2022 (In thousands) Loans receivable held for investment: Church $ – $ 144 Total non-accrual loans $ – $ 144
Loans Held for Investment Portfolio By Internal Risk Grading and By Year of Origination	The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination as of September 30, 2023 : Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (In thousands) Single family: Pass $ 4 $ – $ 3,743 $ 2,688 $ 2,271 $ 15,179 $ – $ 23,885 Watch – – – 754 – 283 – 1,037 Special Mention – – – – – 252 – 252 Substandard – – – – – 340 – 340 Total $ 4 $ – $ 3,743 $ 3,442 $ 2,271 $ 16,054 $ – $ 25,514 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Multi-family: Pass $ 46,126 $ 185,387 $ 149,777 $ 30,245 $ 45,639 $ 55,476 $ – $ 512,650 Watch – 3,300 – – – 967 – 4,267 Special Mention – – – 904 – 1,352 – 2,256 Substandard – – – – – 14,884 – 14,884 Total $ 46,126 $ 188,687 $ 149,777 $ 31,149 $ 45,639 $ 72,679 $ – $ 534,057 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Commercial real estate: Pass $ 3,020 $ 25,280 $ 22,222 $ 16,862 $ 22,078 $ 20,299 $ – $ 109,761 Watch – – – – – 1,088 – 1,088 Special Mention – – – – – – – – Substandard – – – $ – $ – 5,251 – $ 5,251 Total $ 3,020 $ 25,280 $ 22,222 $ 16,862 $ 22,078 $ 26,638 $ – $ 116,100 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Church: Pass $ 1,828 $ – $ – $ 3,985 $ – $ 5,463 $ – $ 11,276 Watch – – – – – – – – Special Mention – – – – 640 – – 640 Substandard – – – – – 980 – 980 Total $ 1,828 $ – $ – $ 3,985 $ 640 $ 6,443 $ – $ 12,896 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Construction: Pass $ – $ 1,115 $ 1,210 $ – $ – $ 2,117 $ – $ 4,442 Watch 33,933 35,665 5,253 – – – – 74,851 Special Mention – 2,520 – – – – – 2,520 Substandard – – – – – – – – Total $ 33,933 $ 39,300 $ 6,463 $ – $ – $ 2,117 $ – $ 81,813 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Commercial – other: Pass $ 15,045 $ 2,637 $ 6,240 $ 3,723 $ 6,209 $ 24,730 $ – $ 58,584 Watch – 459 746 1,500 2,250 1,232 – 6,187 Special Mention – – 172 – – – – 172 Substandard – – – – – – – – Total $ 15,045 $ 3,096 $ 7,158 $ 5,223 $ 8,459 $ 25,962 $ – $ 64,943 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – SBA: Pass $ 4,550 $ 148 $ 2,453 $ – $ – $ 129 $ – $ 7,280 Watch – – – – – – – – Special Mention – – – 490 – – – 490 Substandard – – – – – – – – Total $ 4,550 $ 148 $ 2,453 $ 490 $ – $ 129 $ – $ 7,770 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Consumer: Pass $ 20 $ – $ – $ – $ – $ – $ – $ 20 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – – – – – Total $ 20 $ – $ – $ – $ – $ – $ – $ 20 YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – Total loans: Pass $ 70,593 $ 214,567 $ 185,645 $ 57,503 $ 76,197 $ 123,393 $ – $ 727,898 Watch 33,933 39,424 5,999 2,254 2,250 3,570 – 87,430 Special Mention – 2,520 172 1,394 640 1,604 – 6,330 Substandard – – – – – 21,455 – 21,455 Total loans $ 104,526 $ 256,511 $ 191,816 $ 61,151 $ 79,087 $ 150,022 $ – $ 843,113 Total YTD gross charge-offs $ – $ – $ – $ – $ – $ – $ – $ – The following table stratifies the loan portfolio by the Company’s internal risk rating as of the date indicated: 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 - other 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

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	9 Months Ended
	Sep. 30, 2023
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 nine months ended September 30, 2023: Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,858 $ 2,501 Additions – – Change in deferred tax estimate – – Amortization – (293 ) Balance at the end of the period $ 25,858 $ 2,208
Components of Carrying Value and Accumulated Amortization of Core Deposit Intangible	The carrying amount of the core deposit intangible consisted of the following at September 30 Core deposit intangible acquired $ 3,329 Less: accumulated amortization (1,121 ) $ 2,208
Estimated Amortization Expense for Core Deposit Intangible	The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): 2023 $ 98 2024 336 2025 315 2026 304 2027 291 Thereafter 864 $ 2,208

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 65,137 $ – $ 65,137 Federal agency CMOs – 23,296 – 23,296 Federal agency debt – 51,574 – 51,574 Municipal bonds – 4,170 – 4,170 U.S. Treasuries 161,650 – – 161,650 SBA pools – 10,602 – 10,602 At December 31, 2022: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 74,169 $ – $ 74,169 Federal agency CMOs – 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
Fair Values of Financial Instruments	The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments not recorded at fair value on a recurring basis as of September 30, 2023 and December 31, 2022. Fair Value Measurements at September 30, 2023 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 11,487 $ 11,487 $ – $ – $ 11,487 Securities available-for-sale 316,429 161,650 154,779 – 316,429 Loans receivable held for investment 835,356 – – 702,200 702,200 Accrued interest receivable 4,925 444 1,271 3,210 4,925 Financial Liabilities: Deposits $ 671,469 $ – $ 594,065 $ $ 594,065 FHLB advances 187,721 – 185,998 – 185,998 Securities sold under agreements to repurchase 75,815 – 73,461 – 73,461 Notes payable 14,000 – – 14,000 14,000 Accrued interest payable 1,026 – 1,026 – 1,026 Fair Value Measurements at December 31, 2022 Carrying 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 Financial Liabilities: Deposits $ 686,916 $ – $ 673,615 $ – $ 673,615 FHLB advances 128,344 – 126,328 – 126,328 Securities sold under agreements to repurchase 63,471 – 60,017 – 60,017 Notes payable 14,000 – – 14,000 14,000 Accrued interest payable 453 – 453 – 453

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Stock-based Compensation [Abstract]
Options Outstanding and Exercisable	Options outstanding and exercisable at September 30, 2023 were as follows: Outstanding Exercisable Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value 31,250 2.38 years $ 12.96 $ – 31,250 $ 12.96 $ –

ESOP Plan (Tables)

ESOP Plan (Tables)	9 Months Ended
	Sep. 30, 2023
ESOP Plan [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: September 30, 2023 December 31, 2022 (Dollars in thousands) Allocated to participants 132,188 132,188 Committed to be released 4,946 1,237 Suspense shares 484,800 118,561 Total ESOP shares 621,934 251,986 Fair value of unearned shares $ 4,460 $ 1,016

Stockholders' Equity and Regu_2

Stockholders' Equity and Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity and Regulatory Matters [Abstract]
Actual and Required Capital Amounts and Ratios	Actual and required capital amounts and ratios as of the dates indicated are presented below: Actual Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio (Dollars in thousands) September 30 2023 Community Bank Leverage Ratio $ 182,635 15.13 % $ 108,634 9.00 % December 31 2022 Community Bank Leverage Ratio $ 181,304 15.75 % $ 103,591 9.00 %

Basis of Financial Statement _4

Basis of Financial Statement Presentation, Out of Period Adjustments & Reverse Stock Split (Details) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended
	Nov. 01, 2023 $ / shares	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Out of Period Adjustments [Abstract]
Prior period adjustments | $		$ 8	$ 8
Reverse Stock Split [Abstract]
Reverse stock split ratio	0.125
Common Class A [Member]
Reverse Stock Split [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Reverse stock split ratio	0.125
Common Class B [Member]
Reverse Stock Split [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Reverse stock split ratio	0.125
Common Class C [Member]
Reverse Stock Split [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Reverse stock split ratio	0.125

Basis of Financial Statement _5

Basis of Financial Statement Presentation, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2023		Jun. 30, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Assets [Abstract]
Allowance for credit losses on available-for-sale securities				$ 0
Allowance for credit losses on loans	$ 6,899	[1]	$ 6,970	4,388	[1]	$ 3,983	$ 2,962	$ 3,391
Deferred tax assets	12,548			11,872
Liabilities [Abstract]
Allowance for credit losses on off-balance sheet exposures	474			412
Stockholders' equity [Abstract]
Retained earnings	$ 9,945			9,294
Impact of CECL Adoption [Member] | ASU 2016-13 [Member]
Assets [Abstract]
Allowance for credit losses on available-for-sale securities				0
Allowance for credit losses on loans				1,809
Deferred tax assets				508
Liabilities [Abstract]
Allowance for credit losses on off-balance sheet exposures				(45)
Stockholders' equity [Abstract]
Retained earnings				(1,256)
As Reported Under CECL [Member] | ASU 2016-13 [Member]
Assets [Abstract]
Allowance for credit losses on available-for-sale securities				0
Allowance for credit losses on loans				6,197
Deferred tax assets				12,380
Liabilities [Abstract]
Allowance for credit losses on off-balance sheet exposures				367
Stockholders' equity [Abstract]
Retained earnings				$ 8,038
[1]The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.

Earnings Per Share of Common _3

Earnings Per Share of Common Stock (Details) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended
		Nov. 01, 2023	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares
Earnings Per Share of Common Stock [Abstract]
Net income attributable to Broadway Financial Corporation | $			$ 91	$ 1,318	$ 1,907	$ 4,130
Less net income attributable to participating securities | $			1	7	27	25
Income available to common stockholders | $			$ 90	$ 1,311	$ 1,880	$ 4,105
Weighted average common shares outstanding for basic earnings per common share (in shares)	[1]		8,709,301	9,069,410	8,756,189	9,048,363
Add: dilutive effects of unvested restricted stock awards (in shares)	[1]		116,493	51,069	123,004	55,269
Add: dilutive effects of assumed exercise of stock options (in shares)	[2]		0	0	0	0
Weighted average common shares outstanding for diluted earnings per common share (in shares)	[1]		8,825,794	9,120,479	8,879,193	9,103,632
Earnings per common share-basic (in dollars per share) | $ / shares	[1]		$ 0.01	$ 0.14	$ 0.21	$ 0.45
Earnings per common share-diluted (in dollars per share) | $ / shares	[1]		$ 0.01	$ 0.14	$ 0.21	$ 0.45
Reverse stock split ratio		0.125
Anti-dilutive vested stock options (in shares)					31,250
[1] Retroactively adjusted for the 1-for-8

Securities, Available-for-Sale

Securities, Available-for-Sale Investment Securities Portfolios (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 343,609	$ 353,329
Gross unrealized gains	7	37
Gross unrealized losses	(27,187)	(24,617)
Fair value	316,429	328,749
Federal Agency Mortgage-backed Securities ("MBS") [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	78,141	84,955
Gross unrealized gains	2	2
Gross unrealized losses	(13,006)	(10,788)
Fair value	65,137	74,169
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	25,342	27,776
Gross unrealized gains	0	0
Gross unrealized losses	(2,046)	(1,676)
Fair value	23,296	26,100
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	55,839	55,687
Gross unrealized gains	0	26
Gross unrealized losses	(4,265)	(4,288)
Fair value	51,574	51,425
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	4,842	4,866
Gross unrealized gains	0	0
Gross unrealized losses	(672)	(669)
Fair value	4,170	4,197
U.S. Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	166,786	165,997
Gross unrealized gains	0	0
Gross unrealized losses	(5,136)	(5,408)
Fair value	161,650	160,589
SBA Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	12,659	14,048
Gross unrealized gains	5	9
Gross unrealized losses	(2,062)	(1,788)
Fair value	$ 10,602	$ 12,269

Securities, Additional Disclosu

Securities, Additional Disclosure (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	$ 71,000	$ 64,400
Securities of any one issuer, other than U.S. Government, exceeding 10% of stockholders' equity	0	0
Accrued interest receivable on securities	1,300	1,200
Asset Pledged as Collateral [Member] | Deposits [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged to secure public deposits	0	0
U.S. Treasuries [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	33,700	19,200
U.S. Government Agency Securities [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	26,700	33,300
Mortgage Backed Securities [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged	$ 10,600
Federal Agency Mortgage-backed Securities [Member]
Debt Securities Available-for-Sale [Abstract]
Securities collateral pledged		$ 11,900

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Available for sale, amortized cost [Abstract]
Due in one year or less		$ 79,627
Due after one year through five years		141,871
Due after five years through ten years		35,895
Due after ten years	[1]	86,216
Amortized cost		343,609	$ 353,329
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		0
Due after ten years	[1]	7
Gross unrealized gains		7	37
Available for sale, gross unrealized loss [Abstract]
Due in one year or less		(1,289)
Due after one year through five years		(7,344)
Due after five years through ten years		(3,688)
Due after ten years	[1]	(14,866)
Gross unrealized losses		(27,187)	(24,617)
Available for sale, fair value [Abstract]
Due in one year or less		78,338
Due after one year through five years		134,527
Due after five years through ten years		32,207
Due after ten years	[1]	71,357
Fair value		$ 316,429	$ 328,749
[1] Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.

Securities, Unrealized Loss Pos

Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 20,892	$ 235,668
More than 12 months, fair value	294,176	87,969
Total, fair value	315,068	323,637
Less than 12 months, unrealized losses	(542)	(11,785)
More than 12 months, unrealized losses	(26,645)	(12,832)
Total, unrealized losses	(27,187)	(24,617)
Debt Securities Available-for-Sale [Abstract]
Securities in nonaccrual status	0	0
Securities purchased with deterioration in credit quality	0	0
Collateral dependent securities	0	0
Federal Agency Mortgage-backed Securities [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	49	38,380
More than 12 months, fair value	64,898	35,526
Total, fair value	64,947	73,906
Less than 12 months, unrealized losses	0	(4,807)
More than 12 months, unrealized losses	(13,006)	(5,981)
Total, unrealized losses	(13,006)	(10,788)
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	768	20,997
More than 12 months, fair value	22,528	5,103
Total, fair value	23,296	26,100
Less than 12 months, unrealized losses	(4)	(885)
More than 12 months, unrealized losses	(2,042)	(791)
Total, unrealized losses	(2,046)	(1,676)
Federal Agency Debt [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	5,520	26,383
More than 12 months, fair value	46,054	21,956
Total, fair value	51,574	48,339
Less than 12 months, unrealized losses	(72)	(1,529)
More than 12 months, unrealized losses	(4,193)	(2,759)
Total, unrealized losses	(4,265)	(4,288)
Municipal Bonds [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	2,176
More than 12 months, fair value	4,170	2,021
Total, fair value	4,170	4,197
Less than 12 months, unrealized losses	0	(315)
More than 12 months, unrealized losses	(672)	(354)
Total, unrealized losses	(672)	(669)
US Treasuries [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	14,267	143,989
More than 12 months, fair value	147,383	16,600
Total, fair value	161,650	160,589
Less than 12 months, unrealized losses	(465)	(3,884)
More than 12 months, unrealized losses	(4,671)	(1,524)
Total, unrealized losses	(5,136)	(5,408)
SBA Pools [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	288	3,743
More than 12 months, fair value	9,143	6,763
Total, fair value	9,431	10,506
Less than 12 months, unrealized losses	(1)	(365)
More than 12 months, unrealized losses	(2,061)	(1,423)
Total, unrealized losses	$ (2,062)	$ (1,788)

Loans Receivable Held for Inv_3

Loans Receivable Held for Investment, Summary (Details) - USD ($) $ in Thousands		Sep. 30, 2023		Jun. 30, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 841,745			$ 771,689
Unamortized net deferred loan costs and premiums		1,368			1,755
Gross loans receivable		843,113			773,444
Credit and interest marks on purchased loans, net		(858)			(1,010)
Allowance for credit losses		(6,899)	[1]	$ (6,970)	(4,388)	[1]	$ (3,983)	$ (2,962)	$ (3,391)
Loans receivable, net		835,356			768,046
Real Estate [Member] | Single Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		25,514			30,038
Gross loans receivable		25,514			30,038
Allowance for credit losses		(241)		(247)	(109)		(112)	(120)	(145)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		532,689			502,141
Gross loans receivable		534,057			503,896
Allowance for credit losses		(4,247)		(4,255)	(3,273)		(2,919)	(2,278)	(2,657)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		116,100			114,574
Gross loans receivable		116,100			114,574
Allowance for credit losses		(1,021)		(1,012)	(449)		(295)	(153)	(236)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		12,896			15,780
Gross loans receivable		12,896			15,780
Allowance for credit losses		(79)		(83)	(65)		(54)	(48)	(103)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		81,813			40,703
Gross loans receivable		81,813			40,703
Allowance for credit losses		(847)		(788)	(313)		(408)	(221)	(212)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		64,943			64,841
Gross loans receivable					68,442
Allowance for credit losses		(425)		(546)	(175)		(191)	(138)	(23)
SBA Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	[2]	7,770			3,601
Gross loans receivable		7,770			3,601
Allowance for credit losses		(39)		(39)	0
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		20			11
Gross loans receivable		20			11
Allowance for credit losses		$ 0		$ 0	$ (4)		$ (4)	$ (4)	$ (15)
[1]The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.[2]Including Paycheck Protection Program (PPP) loans.

Loans Receivable Held for Inv_4

Loans Receivable Held for Investment, Purchased Credit Deteriorated (PCD) Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	$ 835,356		$ 835,356		$ 768,046
Purchased Credit Impaired Loans [Member]
Accretable Yield on Purchased Credit Deteriorated Loans [Roll Forward]
Balance at the beginning of the period	7	$ 160	27	$ 883
Deduction due to payoffs	0	(71)	(12)	(810)
Accretion	(2)	(4)	(10)	(20)
Balance at the end of the period	5	$ 93	5	$ 93
Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	45		45		125
Real Estate [Member] | Single Family [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	0		0		68
Commercial - Other [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	$ 45		$ 45		$ 57

Loans Receivable Held for Inv_5

Loans Receivable Held for Investment, Activity in Allowance for Credit Losses on Loans (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022	Sep. 30, 2023		Sep. 30, 2022
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		$ 6,970		$ 2,962	$ 4,388	[1]	$ 3,391
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		(71)	[2]	1,021	702	[2]	592
Ending balance		6,899	[1]	3,983	6,899	[1]	3,983
Provision for off balance sheet loan commitments		69			106
(Recapture of) provision for credit losses		(2)		1,021	808		592
Real Estate [Member] | Single Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		247		120	109		145
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		(6)	[2]	(8)	(82)	[2]	(33)
Ending balance		241		112	241		112
Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		4,255		2,278	3,273		2,657
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		(8)	[2]	641	371	[2]	262
Ending balance		4,247		2,919	4,247		2,919
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		1,012		153	449		236
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		9	[2]	142	106	[2]	59
Ending balance		1,021		295	1,021		295
Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		83		48	65		103
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		(4)	[2]	6	(23)	[2]	(49)
Ending balance		79		54	79		54
Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		788		221	313		212
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		59	[2]	187	315	[2]	196
Ending balance		847		408	847		408
Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		546		138	175		23
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		(121)	[2]	53	(4)	[2]	168
Ending balance		425		191	425		191
SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		39			0
Charge-offs		0			0
Recoveries		0			0
Provision (recapture)	[2]	0			19
Ending balance		39			39
Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		0		4	4		15
Charge-offs		0		0	0		0
Recoveries		0		0	0		0
Provision (recapture)		0	[2]	0	0	[2]	(11)
Ending balance		$ 0		$ 4	0		$ 4
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					1,809
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Single Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					214
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					603
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					466
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					37
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					219
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					254
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					20
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance					$ (4)
[1]The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.[2]The bank also recorded a provision for off-balance sheet loan commitments of $69 thousand for the three months ended September 30, 2023 and $106 thousand for the nine months ended September 30, 2023.

Loans Receivable Held for Inv_6

Loans Receivable Held for Investment, Collateral Dependent Loans by Collateral Type (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) Loan	Dec. 31, 2022 USD ($)
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 843,113	$ 773,444
Individually evaluated loans based on the underlying value of collateral	$ 6,400
Number of loans individually evaluated using discounted cash flow approach | Loan	0
Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 6,353
Collateral Pledged - Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	47
Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 5,707
Number of loans whose payments were being supported by guarantor | Loan	1
Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 464
Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	135
Real Estate [Member] | Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	25,514	30,038
Real Estate [Member] | Single Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	47
Real Estate [Member] | Single Family [Member] | Collateral Pledged - Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	47
Real Estate [Member] | Single Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Single Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Single Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Multi-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	534,057	503,896
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	5,707
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	5,707
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Commercial Real Estate [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	116,100	114,574
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	69
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	69
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	12,896	15,780
Real Estate [Member] | Church [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	395
Real Estate [Member] | Church [Member] | Collateral Pledged - Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Church [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Real Estate [Member] | Church [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	395
Real Estate [Member] | Church [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Commercial - Other [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		$ 68,442
Commercial - Other [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	135
Commercial - Other [Member] | Collateral Pledged - Single Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Commercial - Other [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Commercial - Other [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0
Commercial - Other [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 135

Loans Receivable Held for Inv_7

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	Sep. 30, 2023		Jun. 30, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				$ 7
Collectively evaluated for impairment				4,381
Total ending allowance balance	$ 6,899	[1]	$ 6,970	4,388	[1]	$ 3,983	$ 2,962	$ 3,391
Loans [Abstract]
Loans individually evaluated for impairment				1,712
Loans collectively evaluated for impairment				624,468
Subtotal				626,180
Loans acquired in the CFBanc merger				147,264
Gross loans receivable	843,113			773,444
Real Estate [Member] | Single Family [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				3
Collectively evaluated for impairment				106
Total ending allowance balance	241		247	109		112	120	145
Loans [Abstract]
Loans individually evaluated for impairment				57
Loans collectively evaluated for impairment				20,893
Subtotal				20,950
Loans acquired in the CFBanc merger				9,088
Gross loans receivable	25,514			30,038
Real Estate [Member] | Multi-Family [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				0
Collectively evaluated for impairment				3,273
Total ending allowance balance	4,247		4,255	3,273		2,919	2,278	2,657
Loans [Abstract]
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				462,539
Subtotal				462,539
Loans acquired in the CFBanc merger				41,357
Gross loans receivable	534,057			503,896
Real Estate [Member] | Commercial Real Estate [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				0
Collectively evaluated for impairment				449
Total ending allowance balance	1,021		1,012	449		295	153	236
Loans [Abstract]
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				63,929
Subtotal				63,929
Loans acquired in the CFBanc merger				50,645
Gross loans receivable	116,100			114,574
Real Estate [Member] | Church [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				4
Collectively evaluated for impairment				61
Total ending allowance balance	79		83	65		54	48	103
Loans [Abstract]
Loans individually evaluated for impairment				1,655
Loans collectively evaluated for impairment				9,008
Subtotal				10,663
Loans acquired in the CFBanc merger				5,117
Gross loans receivable	12,896			15,780
Real Estate [Member] | Construction [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				0
Collectively evaluated for impairment				313
Total ending allowance balance	847		788	313		408	221	212
Loans [Abstract]
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				38,530
Subtotal				38,530
Loans acquired in the CFBanc merger				2,173
Gross loans receivable	81,813			40,703
Commercial - Other [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				0
Collectively evaluated for impairment				175
Total ending allowance balance	425		546	175		191	138	23
Loans [Abstract]
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				29,558
Subtotal				29,558
Loans acquired in the CFBanc merger				38,884
Gross loans receivable				68,442
Consumer [Member]
Ending Allowance Balance Attributable to Loans [Abstract]
Individually evaluated for impairment				0
Collectively evaluated for impairment				4
Total ending allowance balance	0		$ 0	4		$ 4	$ 4	$ 15
Loans [Abstract]
Loans individually evaluated for impairment				0
Loans collectively evaluated for impairment				11
Subtotal				11
Loans acquired in the CFBanc merger				0
Gross loans receivable	$ 20			$ 11
[1]The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.

Loans Receivable Held for Inv_8

Loans Receivable Held for Investment, Loans Individually Evaluated for Impairment by Loan Type (Details) $ in Thousands	Dec. 31, 2022 USD ($)
With an Allowance Recorded [Abstract]
Allowance for loan losses allocated	$ 7
Total [Abstract]
Unpaid principal balance	1,712
Recorded investment	1,712
Real Estate [Member] | Single Family [Member]
With an Allowance Recorded [Abstract]
Unpaid principal balance	57
Recorded investment	57
Allowance for loan losses allocated	3
Real Estate [Member] | Church [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	1,572
Recorded investment	1,572
With an Allowance Recorded [Abstract]
Unpaid principal balance	83
Recorded investment	83
Allowance for loan losses allocated	$ 4

Loans Receivable Held for Inv_9

Loans Receivable Held for Investment, Accrued interest receivable (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Loans Receivable Held for Investment [Abstract]
Accrued interest receivable on loans	$ 3	$ 2.7

Loans Receivable Held for In_10

Loans Receivable Held for Investment, Average of Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	$ 2,500	$ 2,534
Cash basis interest income recognized	31	93
Real Estate [Member] | Single Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	60	63
Cash basis interest income recognized	1	3
Real Estate [Member] | Multi-Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	268	274
Cash basis interest income recognized	5	14
Real Estate [Member] | Church [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	2,172	2,197
Cash basis interest income recognized	25	76
Commercial - Other [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	0	0
Cash basis interest income recognized	$ 0	$ 0

Loans Receivable Held for In_11

Loans Receivable Held for Investment, Aging of Recorded Investment in Past Due Loans by Loan Type (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 843,113	$ 773,444
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	1,210	0
30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	1,210	0
60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	841,903	773,444
Real Estate [Member] | Single Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	25,514	30,038
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	25,514	30,038
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	534,057	503,896
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	534,057	503,896
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	116,100	114,574
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	0
Real Estate [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	116,100	114,574
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	12,896	15,780
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	12,896	15,780
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	81,813	40,703
Real Estate [Member] | Construction [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	1,210	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	1,210	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	80,603	40,703
Commercial - Other [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	64,943	64,841
Commercial - Other [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	64,943	64,841
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	7,770	3,601
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	7,770	3,601
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	20	11
Consumer [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Consumer [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 20	$ 11

Loans Receivable Held for In_12

Loans Receivable Held for Investment, Recorded Investment in Non-accrual Loans by Loan Type (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 0	$ 0	$ 144
Loans 90 days or more delinquent that were accruing interest	0	0	0
Modifications made to borrowers experiencing financial difficulty	0	0
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 0	$ 0	$ 144

Loans Receivable Held for In_13

Loans Receivable Held for Investment, Troubled Debt Restructurings (TDRs) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Troubled Debt Restructurings (TDRs) [Abstract]
Loans classified as troubled debt restructurings		$ 1,700
Specific reserves allocated to TDRs		7
Timely payment period for return to accrual status	6 months
Non-accrual Status [Member]
Troubled Debt Restructurings (TDRs) [Abstract]
Loans classified as troubled debt restructurings		144
Accrual Status [Member]
Troubled Debt Restructurings (TDRs) [Abstract]
Loans classified as troubled debt restructurings		$ 1,600

Loans Receivable Held for In_14

Loans Receivable Held for Investment, Internal Risk Grading, and by Year of Origination (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	$ 104,526		$ 104,526
2022	256,511		256,511
2021	191,816		191,816
2020	61,151		61,151
2019	79,087		79,087
Prior	150,022		150,022
Revolving Loans	0		0
Total Loans	843,113		843,113		$ 773,444
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	$ 0	0	$ 0
Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	70,593		70,593
2022	214,567		214,567
2021	185,645		185,645
2020	57,503		57,503
2019	76,197		76,197
Prior	123,393		123,393
Revolving Loans	0		0
Total Loans	727,898		727,898		685,387
Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	33,933		33,933
2022	39,424		39,424
2021	5,999		5,999
2020	2,254		2,254
2019	2,250		2,250
Prior	3,570		3,570
Revolving Loans	0		0
Total Loans	87,430		87,430		65,717
Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	2,520		2,520
2021	172		172
2020	1,394		1,394
2019	640		640
Prior	1,604		1,604
Revolving Loans	0		0
Total Loans	6,330		6,330		16,590
Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	21,455		21,455
Revolving Loans	0		0
Total Loans	21,455		21,455		5,750
Real Estate [Member] | Single Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	4		4
2022	0		0
2021	3,743		3,743
2020	3,442		3,442
2019	2,271		2,271
Prior	16,054		16,054
Revolving Loans	0		0
Total Loans	25,514		25,514		30,038
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	0	0	0
Real Estate [Member] | Single Family [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	4		4
2022	0		0
2021	3,743		3,743
2020	2,688		2,688
2019	2,271		2,271
Prior	15,179		15,179
Revolving Loans	0		0
Total Loans	23,885		23,885		29,022
Real Estate [Member] | Single Family [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	754		754
2019	0		0
Prior	283		283
Revolving Loans	0		0
Total Loans	1,037		1,037		354
Real Estate [Member] | Single Family [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	252		252
Revolving Loans	0		0
Total Loans	252		252		260
Real Estate [Member] | Single Family [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	340		340
Revolving Loans	0		0
Total Loans	340		340		402
Real Estate [Member] | Multi-Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	46,126		46,126
2022	188,687		188,687
2021	149,777		149,777
2020	31,149		31,149
2019	45,639		45,639
Prior	72,679		72,679
Revolving Loans	0		0
Total Loans	534,057		534,057		503,896
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	0	0	0
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	46,126		46,126
2022	185,387		185,387
2021	149,777		149,777
2020	30,245		30,245
2019	45,639		45,639
Prior	55,476		55,476
Revolving Loans	0		0
Total Loans	512,650		512,650		479,182
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	3,300		3,300
2021	0		0
2020	0		0
2019	0		0
Prior	967		967
Revolving Loans	0		0
Total Loans	4,267		4,267		9,855
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	904		904
2019	0		0
Prior	1,352		1,352
Revolving Loans	0		0
Total Loans	2,256		2,256		14,859
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	14,884		14,884
Revolving Loans	0		0
Total Loans	14,884		14,884		0
Real Estate [Member] | Commercial Real Estate [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	3,020		3,020
2022	25,280		25,280
2021	22,222		22,222
2020	16,862		16,862
2019	22,078		22,078
Prior	26,638		26,638
Revolving Loans	0		0
Total Loans	116,100		116,100		114,574
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	0	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	3,020		3,020
2022	25,280		25,280
2021	22,222		22,222
2020	16,862		16,862
2019	22,078		22,078
Prior	20,299		20,299
Revolving Loans	0		0
Total Loans	109,761		109,761		104,066
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	1,088		1,088
Revolving Loans	0		0
Total Loans	1,088		1,088		4,524
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		1,471
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	5,251		5,251
Revolving Loans	0		0
Total Loans	5,251		5,251		4,513
Real Estate [Member] | Church [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	1,828		1,828
2022	0		0
2021	0		0
2020	3,985		3,985
2019	640		640
Prior	6,443		6,443
Revolving Loans	0		0
Total Loans	12,896		12,896		15,780
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	0	0	0
Real Estate [Member] | Church [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	1,828		1,828
2022	0		0
2021	0		0
2020	3,985		3,985
2019	0		0
Prior	5,463		5,463
Revolving Loans	0		0
Total Loans	11,276		11,276		14,505
Real Estate [Member] | Church [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		728
Real Estate [Member] | Church [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	640		640
Prior	0		0
Revolving Loans	0		0
Total Loans	640		640		0
Real Estate [Member] | Church [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	980		980
Revolving Loans	0		0
Total Loans	980		980		547
Real Estate [Member] | Construction [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	33,933		33,933
2022	39,300		39,300
2021	6,463		6,463
2020	0		0
2019	0		0
Prior	2,117		2,117
Revolving Loans	0		0
Total Loans	81,813		81,813		40,703
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	0	0	0
Real Estate [Member] | Construction [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	1,115		1,115
2021	1,210		1,210
2020	0		0
2019	0		0
Prior	2,117		2,117
Revolving Loans	0		0
Total Loans	4,442		4,442		2,173
Real Estate [Member] | Construction [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	33,933		33,933
2022	35,665		35,665
2021	5,253		5,253
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	74,851		74,851		38,530
Real Estate [Member] | Construction [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	2,520		2,520
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	2,520		2,520		0
Real Estate [Member] | Construction [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		0
Commercial - Others [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	15,045		15,045
2022	3,096		3,096
2021	7,158		7,158
2020	5,223		5,223
2019	8,459		8,459
Prior	25,962		25,962
Revolving Loans	0		0
Total Loans	64,943		64,943		64,841
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans			0
Commercial - Others [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	15,045		15,045
2022	2,637		2,637
2021	6,240		6,240
2020	3,723		3,723
2019	6,209		6,209
Prior	24,730		24,730
Revolving Loans	0		0
Total Loans	58,584		58,584		53,396
Commercial - Others [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	459		459
2021	746		746
2020	1,500		1,500
2019	2,250		2,250
Prior	1,232		1,232
Revolving Loans	0		0
Total Loans	6,187		6,187		11,157
Commercial - Others [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	172		172
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	172		172		0
Commercial - Others [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		288
SBA Loans [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	4,550		4,550
2022	148		148
2021	2,453		2,453
2020	490		490
2019	0		0
Prior	129		129
Revolving Loans	0		0
Total Loans	7,770		7,770		3,601
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0		0
SBA Loans [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	4,550		4,550
2022	148		148
2021	2,453		2,453
2020	0		0
2019	0		0
Prior	129		129
Revolving Loans	0		0
Total Loans	7,280		7,280		3,032
SBA Loans [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		569
SBA Loans [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	490		490
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	490		490		0
SBA Loans [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		0
Consumer [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	20		20
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	20		20		11
Financing Receivable, Gross Charge-offs [Abstract]
2023			0
2022			0
2021			0
2020			0
2019			0
Prior			0
Revolving Loans			0
Total Loans	0	$ 0	0	$ 0
Consumer [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	20		20
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	20		20		11
Consumer [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		0
Consumer [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	0		0		0
Consumer [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0		0
2022	0		0
2021	0		0
2020	0		0
2019	0		0
Prior	0		0
Revolving Loans	0		0
Total Loans	$ 0		$ 0		$ 0

Loans Receivable Held for In_15

Loans Receivable Held for Investment, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 843,113	$ 773,444
Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	727,898	685,387
Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	87,430	65,717
Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	6,330	16,590
Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	21,455	5,750
Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	25,514	30,038
Real Estate [Member] | Single Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	23,885	29,022
Real Estate [Member] | Single Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,037	354
Real Estate [Member] | Single Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	252	260
Real Estate [Member] | Single Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	340	402
Real Estate [Member] | Single Family [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Single Family [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Multi-Family [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	534,057	503,896
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	512,650	479,182
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,267	9,855
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,256	14,859
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	14,884	0
Real Estate [Member] | Multi-Family [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Multi-Family [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Commercial Real Estate [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	116,100	114,574
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	109,761	104,066
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,088	4,524
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	1,471
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	5,251	4,513
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Commercial Real Estate [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Church [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	12,896	15,780
Real Estate [Member] | Church [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	11,276	14,505
Real Estate [Member] | Church [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	728
Real Estate [Member] | Church [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	640	0
Real Estate [Member] | Church [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	980	547
Real Estate [Member] | Church [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Church [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Real Estate [Member] | Construction [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	81,813	40,703
Real Estate [Member] | Construction [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	4,442	2,173
Real Estate [Member] | Construction [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	74,851	38,530
Real Estate [Member] | Construction [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,520	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
Real Estate [Member] | Construction [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Other [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	64,943	64,841
Commercial - Other [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	58,584	53,396
Commercial - Other [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	6,187	11,157
Commercial - Other [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	172	0
Commercial - Other [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	288
Commercial - Other [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Other [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
SBA Loans [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7,770	3,601
SBA Loans [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	7,280	3,032
SBA Loans [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	569
SBA Loans [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	490	0
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
SBA Loans [Member] | Loss [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Consumer [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	20	11
Consumer [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	20	11
Consumer [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Consumer [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Consumer [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 0	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

Loans Receivable Held for In_16

Loans Receivable Held for Investment, Off-Balance Sheet Commitments (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Off-Balance Sheet Commitments [Abstract]
Allowance for off-balance sheet commitments	$ 474	$ 474	$ 412
Provision for off balance sheet loan commitments	$ 69	$ 106

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible, Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance at the beginning of the period			$ 25,858
Additions			0
Change in deferred tax estimate			0
Amortization			0
Balance at the end of the period	$ 25,858		25,858
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period			2,501
Amortization	(98)	$ (109)	(293)	$ (326)
Balance at the end of the period	2,208		2,208
Core Deposit Intangible [Member]
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period			2,501
Additions			0
Change in deferred tax estimate			0
Amortization			(293)
Balance at the end of the period	$ 2,208		$ 2,208

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible, Components of Carrying Amount of Core Deposit Intangible (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Net [Abstract]
Net core deposit intangible	$ 2,208	$ 2,501
Core Deposits [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Core deposit intangible acquired	3,329
Less: accumulated amortization	(1,121)
Net core deposit intangible	$ 2,208	$ 2,501

Goodwill and Core Deposit Int_5

Goodwill and Core Deposit Intangible, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 2,208	$ 2,501
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
2023	98
2024	336
2025	315
2026	304
2027	291
Thereafter	864
Net core deposit intangible	$ 2,208	$ 2,501

Borrowings, Liabilities Securit

Borrowings, Liabilities Securities Sold under Agreements to Repurchase (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 75,815	$ 63,471
Securities collateral pledged	$ 71,000	$ 64,400
Weighted average rate on repurchase agreements	3.06%	0.38%

Borrowings, Other Borrowings (D

Borrowings, Other Borrowings (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($) Note	Dec. 31, 2022 USD ($)
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks	$ 187,721	$ 187,721	$ 128,344
Loans receivable	835,356	835,356	768,046
Notes payable	14,000	$ 14,000	14,000
Number of notes payables | Note		2
Other Financial Institutions [Member]
Debt Instrument [Abstract]
Lines of credit, maximum borrowing capacity	$ 10,000	$ 10,000
Line of credit maturity period	30 days
Outstanding amount of line of credit	$ 0	0
FHLB of Atlanta [Member]
Debt Instrument [Abstract]
FHLB advances, additional amount eligible to borrow	154,300	$ 154,300
Note A [Member]
Debt Instrument [Abstract]
Debt instrument, maturity date		Dec. 01, 2040
Notes payable	$ 9,900	$ 9,900
Interest rate	5.20%	5.20%
Note B [Member]
Debt Instrument [Abstract]
Debt instrument, maturity date		Dec. 01, 2040
Notes payable	$ 4,100	$ 4,100
Interest rate	0.24%	0.24%
Federal Home Loan Bank Advances [Member]
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks	$ 187,700	$ 187,700	$ 128,300
Weighted average interest rate	4.83%	4.83%	3.74%
Weighted average contractual maturity	3 months	3 months	7 months
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member]
Debt Instrument [Abstract]
Loans receivable	$ 457,300	$ 457,300	$ 328,100
Federal Home Loan Bank Advances [Member] | FHLB of Atlanta [Member]
Debt Instrument [Abstract]
Borrowings approved amount, in terms of percentage on total assets		25%

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 316,429	$ 328,749
Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	65,137	74,169
Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	23,296	26,100
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	51,574	51,425
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,170	4,197
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	161,650	160,589
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	10,602	12,269
Recurring Basis [Member] | Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	65,137	74,169
Recurring Basis [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	23,296	26,100
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	51,574	51,425
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,170	4,197
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	161,650	160,589
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	10,602	12,269
Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Federal Agency Mortgage-backed Securities [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 CMOs [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	161,650	160,589
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 Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	65,137	74,169
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	23,296	26,100
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	51,574	51,425
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,170	4,197
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	10,602	12,269
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 0	$ 0

Fair Value, Assets Measured o_2

Fair Value, Assets Measured on Non-Recurring Basis (Details) - Non-Recurring Basis [Member] - Impaired Loans Carried at Fair Value [Member] - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Net Asset (Liability) [Abstract]
Assets, fair value	$ 0	$ 0
Liabilities fair value	$ 0	$ 0

Fair Value, Fair Values of Fina

Fair Value, Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financial Assets [Abstract]
Securities available-for-sale	$ 316,429	$ 328,749
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	11,487	16,105
Securities available-for-sale	316,429	328,749
Loans receivable held for investment	835,356	768,046
Accrued interest receivable	4,925	3,973
Financial Liabilities [Abstract]
Deposits	671,469	686,916
FHLB advances	187,721	128,344
Securities sold under agreements to repurchase	75,815	63,471
Notes payable	14,000	14,000
Accrued interest payable	1,026	453
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	11,487	16,105
Securities available-for-sale	316,429	328,749
Loans receivable held for investment	702,200	641,088
Accrued interest receivable	4,925	3,973
Financial Liabilities [Abstract]
Deposits	594,065	673,615
FHLB advances	185,998	126,328
Securities sold under agreements to repurchase	73,461	60,017
Notes payable	14,000	14,000
Accrued interest payable	1,026	453
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	11,487	16,105
Securities available-for-sale	161,650	160,589
Loans receivable held for investment	0	0
Accrued interest receivable	444	442
Financial Liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
Securities sold under agreements to repurchase	0	0
Notes 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	154,779	168,160
Loans receivable held for investment	0	0
Accrued interest receivable	1,271	793
Financial Liabilities [Abstract]
Deposits	594,065	673,615
FHLB advances	185,998	126,328
Securities sold under agreements to repurchase	73,461	60,017
Notes payable	0	0
Accrued interest payable	1,026	453
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	702,200	641,088
Accrued interest receivable	3,210	2,738
Financial Liabilities [Abstract]
Deposits		0
FHLB advances	0	0
Securities sold under agreements to repurchase	0	0
Notes payable	14,000	14,000
Accrued interest payable	$ 0	$ 0

Stock-based Compensation, Long-

Stock-based Compensation, Long-Term Incentive Plan (Details) - USD ($) $ in Thousands		1 Months Ended			3 Months Ended		9 Months Ended
	Jun. 21, 2023	Feb. 28, 2023	Mar. 31, 2022	Feb. 28, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 20, 2023
2018 LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)									161,638
2018 LTIP [Member] | Directors [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)		9,230		5,898
Restricted stock awards vested (in shares)		9,230		5,898
Stock based compensation expense							$ 95	$ 84
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)			61,907
Restricted stock awards forfeited (in shares)							14,562
Stock based compensation expense					$ 40	$ 35	$ 114	$ 93
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Minimum [Member]
Stock-based Compensation [Abstract]
Award vesting period							36 months
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Award vesting period							60 months
Amended and Restated LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)	649,138
Number of additional share authorized for issuance (in shares)	487,500
Aggregate number of shares awarded to date under the plan (in shares)					202,127		202,127
Shares available for awards (in shares)					447,011		447,011
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)	92,700
Restricted stock awards forfeited (in shares)							6,442
Stock based compensation expense					$ 47		$ 59
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Minimum [Member]
Stock-based Compensation [Abstract]
Award vesting period							36 months
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Award vesting period							60 months

Stock-based Compensation, Stock

Stock-based Compensation, Stock Option Activity (Details) $ in Thousands		3 Months Ended		9 Months Ended
	Nov. 01, 2023	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Reverse stock split ratio	0.125
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Reverse stock split ratio	0.125
Stock Options [Member]
Number Outstanding [Roll Forward]
Granted during period (in shares)		0	0	0	0
Exercised during period (in shares)		0	0	0	0
Forfeited or expired during period (in shares)		0	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense | $		$ 0	$ 0	$ 0	$ 0

Stock-based Compensation, Optio

Stock-based Compensation, Options Outstanding and Exercisable (Details) - Stock Options [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	31,250
Weighted Average Remaining Contractual Life	2 years 4 months 17 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.96
Aggregate Intrinsic Value | $	$ 0
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	31,250
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.96
Aggregate Intrinsic Value | $	$ 0

ESOP Plan (Details)

ESOP Plan (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 01, 2023	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares
ESOP Plan [Abstract]
Number of common stock purchased by ESOP (in shares) | shares				369,958		58,369
Purchase price of common stock (in dollars per share) | $ / shares				$ 9.19		$ 8.56
Total cost of shares purchased by ESOP | $				$ 3,400		$ 500
Line of credit to ESOP | $				$ 5,000
Term of ESOP loan				20 years
Compensation expense related to ESOP | $		$ 11	$ 11	$ 33	$ 56
Reverse stock split ratio	0.125
Shares Held by ESOP [Abstract]
Allocated to participants (in shares) | shares		132,188		132,188		132,188
Committed to be released (in shares) | shares		4,946		4,946		1,237
Suspense shares (in shares) | shares		484,800		484,800		118,561
Total ESOP shares (in shares) | shares		621,934		621,934		251,986
Fair value of unearned shares | $		$ 4,460		$ 4,460		$ 1,016
Unearned ESOP shares | $		$ 4,831		$ 4,831		$ 1,265
Subsequent Event [Member]
ESOP Plan [Abstract]
Reverse stock split ratio	0.125

Stockholders' Equity and Regu_3

Stockholders' Equity and Regulatory Matters (Details) $ / shares in Units, $ in Thousands			3 Months Ended
	Nov. 01, 2023	Jun. 07, 2022 USD ($) shares	Mar. 31, 2022 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Stockholders' Equity [Abstract]
Reverse stock split ratio	0.125
Actual [Abstract]
Community Bank Leverage Ratio, Amount				$ 182,635	$ 181,304
Community Bank Leverage Ratio, Ratio				0.1513	0.1575
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount				$ 108,634	$ 103,591
Community Bank Leverage Ratio, Ratio				0.09	0.09
Subsequent Event [Member]
Stockholders' Equity [Abstract]
Reverse stock split ratio	0.125
Non-Cumulative Perpetual Preferred Stock, Series C [Member]
Stockholders' Equity [Abstract]
Preferred stock, shares issued (in shares) | shares		150,000		150,000	150,000
Capital investment		$ 150,000		$ 150,000	$ 150,000
Preferred initial dividend rate for first two years after issuance		0%
Preferred stock, period for initial dividend rate		2 years
Dividend rate		2%
Floor rate		0.50%
Cumulative Redeemable Perpetual Preferred stock, Series A [Member]
Stockholders' Equity [Abstract]
Preferred stock, aggregate liquidation value			$ 3,000
Common Class A [Member]
Stockholders' Equity [Abstract]
Common stock, shares issued upon conversion from preferred stock (in shares) | shares			149,164
Exchange price (in dollars per share) | $ / shares			$ 20.08
Reverse stock split ratio	0.125

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Valuation Allowance [Abstract]
Cumulative losses lookback period	2 years
Deferred tax assets, valuation allowance	$ 369

Concentration of Credit Risk (D

Concentration of Credit Risk (Details) - Customer Concentration Risk [Member]	9 Months Ended
	Sep. 30, 2023 Customer
Deposits [Member]
Concentration Percentage [Abstract]
Number of significant customers	5
Deposits [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	21%
Securities Sold under Agreements to Repurchase [Member]
Concentration Percentage [Abstract]
Number of significant customers	1
Securities Sold under Agreements to Repurchase [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	77%

Subsequent Events (Details)

Subsequent Events (Details)	Nov. 01, 2023	Oct. 31, 2023 $ / shares shares
Purchase of Shares [Abstract]
Reverse stock split ratio	0.125
Subsequent Event [Member]
Purchase of Shares [Abstract]
Reverse stock split ratio	0.125
Percentage of purchased shares of total common equity		2.60%
Purchase price (in dollars per share) | $ / shares		$ 7.276
Period for volume weighted average price		20 days
Subsequent Event [Member] | Maximum [Member]
Purchase of Shares [Abstract]
Percentage of purchased shares of total voting shares prior to the purchase		4%
Subsequent Event [Member] | Class A Voting Common Stock [Member]
Purchase of Shares [Abstract]
Shares purchased (in shares) | shares		244,771