Broadway Financial (BYFC) 10-K 20 May 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Apr. 30, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-39043
Entity Registrant Name	BROADWAY FINANCIAL CORPORATION
Entity Central Index Key	0001001171
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4547287
Entity Address, Address Line One	4601 Wilshire Boulevard, Suite 150
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	634-1700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BYFC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Public Float			$ 65.4
Auditor Firm ID	659
Auditor Name	Moss Adams LLP
Auditor Location	Sacramento, California
Voting Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,033,212
Nonvoting Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,425,574
Nonvoting Class C 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	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash and due from banks	$ 5,460	$ 7,459
Interest-bearing deposits in other banks	99,735	8,646
Cash and cash equivalents	105,195	16,105
Securities available-for-sale, at fair value	316,950	328,749
Loans receivable held for investment, net of allowance of $7,348 and $4,388	880,457	768,046
Accrued interest receivable	4,938	3,973
Federal Home Loan Bank (FHLB) stock	10,156	5,535
Federal Reserve Bank (FRB) stock	3,543	5,264
Office properties and equipment, net	9,840	10,291
Bank owned life insurance	3,275	3,233
Deferred tax assets, net	9,538	11,872
Core deposit intangible, net	2,111	2,501
Goodwill	25,858	25,858
Other assets	3,543	2,866
Total assets	1,375,404	1,184,293
Liabilities:
Deposits	682,635	686,916
Securities sold under agreements to repurchase	73,475	63,471
FHLB advances	209,319	128,344
Bank Term Funding Program borrowing	100,000	0
Notes payable	14,000	14,000
Accrued expenses and other liabilities	13,878	11,910
Total liabilities	1,093,307	904,641
Stockholders' equity:
Additional paid-in capital	142,601	144,157
Retained earnings	12,552	9,294
Unearned Employee Stock Ownership Plan (ESOP) shares	(4,492)	(1,265)
Accumulated other comprehensive loss, net of tax	(13,525)	(17,473)
Treasury stock-at cost, 327,228(1) shares at December 31, 2023 and at December 31, 2022	(5,326)	(5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity	281,903	279,482
Non-controlling interest	194	170
Total liabilities and stockholders' equity	1,375,404	1,184,293
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Stockholders' equity:
Preferred stock	150,000	150,000
Class A Voting Common Stock [Member]
Stockholders' equity:
Common stock	62	64
Class B Non-Voting Common Stock [Member]
Stockholders' equity:
Common stock	14	14
Class C Non-Voting Common Stock [Member]
Stockholders' equity:
Common stock	$ 17	$ 17

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) $ in Thousands		Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Assets:
Allowance for loan losses | $	[1]	$ 7,348	$ 4,388
Stockholders' Equity:
Treasury stock, shares (in shares)	[2]	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)		75,000,000	75,000,000
Common stock, shares issued (in shares)		6,230,705	6,408,151	[2]
Common stock, shares outstanding (in shares)		5,914,861	6,080,745	[2]
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)		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)		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, as applicable, for the 1-for-8

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income:
Interest and fees on loans receivable	$ 37,143	$ 28,732
Interest on available-for-sale securities	8,697	5,596
Other interest income	1,388	1,941
Total interest income	47,228	36,269
Interest expense:
Interest on deposits	7,512	2,104
Interest on borrowings	10,254	1,305
Total interest expense	17,766	3,409
Net interest income	29,462	32,860
Provision for credit losses	933	997
Net interest income after provision for credit losses	28,529	31,863
Non-interest income:
Service charges	179	145
Grants	4,156	0
Other	1,022	1,050
Total non-interest income	5,357	1,195
Non-interest expense:
Compensation and benefits	15,653	14,303
Occupancy expense	1,870	1,615
Information services	2,777	2,933
Professional services	3,126	2,758
Supervisory costs	613	413
Office services and supplies	101	174
Corporate insurance	245	231
Amortization of core deposit intangible	390	435
Advertising and promotional expense	168	137
Travel expense	221	188
Other	2,199	1,752
Total non-interest expense	27,363	24,939
Income before income taxes	6,523	8,119
Income tax expense	1,985	2,413
Net income	4,538	5,706
Less: Net income attributable to non-controlling interest	24	70
Net income attributable to Broadway Financial Corporation	4,514	5,636
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on securities available-for-sale arising during the period	5,552	(24,047)
Income tax expense (benefit)	1,604	(7,125)
Other comprehensive income (loss), net of tax	3,948	(16,922)
Comprehensive income (loss)	$ 8,462	$ (11,286)
Earnings per common share-basic (in dollars per share)	$ 0.52	$ 0.62
Earnings per common share-diluted (in dollars per share)	$ 0.51	$ 0.62

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			$ 140,940			$ (551)			$ 3,673			$ (829)			$ (5,326)			$ 100			$ 141,100
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0			0			0			0			0			5,636			0			0			70			5,706
Preferred shares issued	150,000			0			0			0			0			0			0			0			0			150,000
Release of unearned ESOP shares	0			0			0			2			0			0			64			0			0			66
Increase in unreleased shares	0			0			0			0			0			0			(500)			0			0			(500)
Stock-based compensation expense		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 133	$ 84		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 133	$ 84
Conversion of preferred shares to common shares	(3,000)			2			0			2,998			0			0			0			0			0			0
Conversion of non-voting shares into voting shares	0			4			(4)			0			0			0			0			0			0			0
Dividends paid on preferred stock	0			0			0			0			0			(15)			0			0			0			(15)
Other comprehensive (loss) income, net of tax	0			0			0			0			(16,922)			0			0			0			0			(16,922)
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			4,514			0			0			24			$ 4,538
Release of unearned ESOP shares	0			0			0			(80)			0			0			173			0			0			93
Increase in unreleased shares	0			0			0			0			0			0			(3,400)			0			0			(3,400)
Stock-based compensation expense		$ 0	$ 0		$ (2)	$ 0		$ 0	$ 0		$ 210	$ 95		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 208	$ 95
FDIC stock repurchase	0			0			0			(1,781)			0			0			0			0			0			(1,781)
Other comprehensive (loss) income, net of tax	0			0			0			0			3,948			0			0			0			0			3,948
Balance at Dec. 31, 2023	$ 150,000			$ 62			$ 31			$ 142,601			$ (13,525)			$ 12,552			$ (4,492)			$ (5,326)			$ 194			$ 282,097

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 4,538	$ 5,706
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	933	997
Depreciation and amortization	385	376
Net change of deferred loan origination costs	413	229
Net amortization of premiums & discounts on available-for-sale securities	(1,044)	(225)
Accretion of purchase accounting marks on loans	(235)	(831)
Amortization of core deposit intangible	390	435
Accretion of premium on FHLB advances	(23)	(38)
ESOP compensation expense	93	66
Earnings on bank owned life insurance	(42)	(43)
Net change in assets and liabilities:
Deferred tax assets	1,238	1,492
Accrued interest receivable	(965)	(601)
Other assets	(677)	(995)
Accrued expenses and other liabilities	2,287	(461)
Net cash provided by operating activities	7,594	6,324
Cash flows from investing activities:
Net change in loans receivable held for investment	(115,331)	(119,928)
Principal payments and maturities on available-for-sale securities	18,395	19,325
Purchase of available-for-sale securities	0	(215,500)
Purchase of FRB stock	0	(4,571)
Purchase of FHLB stock	(13,287)	(5,414)
Proceeds from redemption of FHLB stock	8,667	2,452
Proceeds from redemption of FRB stock	1,720	0
Purchase of office properties and equipment	(208)	(323)
Net cash used in investing activities	(100,044)	(323,959)
Cash flows from financing activities:
Net change in deposits	(4,281)	(101,136)
Net change in securities sold under agreements to repurchase	10,004	11,511
Increase in unreleased ESOP shares	(3,400)	(500)
Proceeds from issuance of preferred stock	0	150,000
Proceeds from Bank Term Funding Program	100,000	0
Dividends paid on preferred stock	0	(15)
FDIC stock repurchase	(1,781)	0
Proceeds from FHLB advances	456,138	95,500
Repayments of FHLB advances	(375,140)	(53,140)
Net cash provided by financing activities	181,540	102,220
Net change in cash and cash equivalents	89,090	(215,415)
Cash and cash equivalents at beginning of the period	16,105	231,520
Cash and cash equivalents at end of the period	105,195	16,105
Supplemental disclosures of cash flow information:
Cash paid for interest	16,921	3,053
Cash paid for income taxes	2,036	332
Supplemental non-cash disclosures:
Common stock issued in exchange for preferred stock	0	3,000
Assets acquired (liabilities assumed) in acquisition:
Goodwill	0	(138)
Deferred taxes	0	138
Employees, Excluding Directors [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	208	133
Directors [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	$ 95	$ 84

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Nature of Operations and Principles of Consolidation Broadway Financial Corporation (the “Company”) was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association as part of the bank’s conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the bank’s name was changed to Broadway Federal Bank, f.s.b. (“Broadway Federal”). The conversion was completed, and Broadway Federal became a wholly‑owned subsidiary of the Company, in January 1996. On April 1, 2021, the Company completed its merger with CFBanc Corporation, with the Company continuing as the surviving entity. Immediately following the CFBanc Merger, Broadway Federal merged with and into City First Bank of D.C, National Association with City First Bank of D.C., National Association (the “Bank”) continuing as the surviving entity (combined with Broadway Federal). Concurrently with the Merger, the Bank changed its name to City First Bank, National Association. The Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in the Bank’s market areas. At December 31, 2023, the Bank operated three retail‑banking offices: Los Angeles and in the nearby city of Inglewood in California, and another in Washington, D.C. The Bank is subject to significant competition from other financial institutions and is also subject to regulation by certain federal agencies and undergoes periodic examinations by those regulatory authorities. The accompanying consolidated financial statements include Broadway Financial Corporation and its wholly owned subsidiary, City First Bank, National Association (together with the Company, “City First Broadway”). Also included in the consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. The results of Broadway Service Corporation, a wholly owned subsidiary of the Bank, are also included in the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. 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, management determined 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 addressed these prior period adjustments and incorporated 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). Use of Estimates To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ from these estimates. The allowance and provision for credit losses, deferred tax asset valuation allowance, and fair values of investment securities and other financial instruments are particularly subject to change. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, amounts due from correspondent banks and the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and interest‑bearing deposits in other banks with initial terms of ninety days or less. The Company may be required to maintain reserve and clearing balances with the Federal Reserve Bank under the Federal Reserve Act of 1913, as amended. Effective on March 26, 2020, as a part of Federal Reserve Bank’s tools to promote maximum employment, Federal Reserve Bank Board reduced reserve requirement ratios to zero. The reserve and clearing requirement balance were no longer required at December 31, 2023. Net cash flows are reported for customer loan and deposit transactions, interest‑bearing deposits in other banks, deferred income taxes and other assets and liabilities. Investment Securities Debt securities are classified as held‑to‑maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available‑for‑sale when they might be sold before maturity. Securities available‑for‑sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level‑yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. 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. The ACL on securities is recorded at the time of purchase or acquisition, representing the Company’s best estimate of current expected credit losses (“CECL”) as of the date of the consolidated statements of financial condition. 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 December 31, 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 December 31, 2023. Loans Receivable Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of allowance for credit losses, deferred loan fees and costs and unamortized premiums and discounts. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, premiums and discounts are deferred, and recognized in income using the level‑yield method without anticipating prepayments. Interest income on all loans is discontinued at the time the loan is 90 days delinquent unless the loan is well‑secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non‑accrual or charged‑off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on non‑accrual is reversed against interest income. Interest received on such loans is accounted for on the cash‑basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Concentration of Credit Risk Concentrations of credit risk arise when several customers are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s lending activities are predominantly in real estate loans that are secured by properties located in Southern California and in Washington, D.C. and many of the borrowers reside in those areas. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy and real estate market in the markets in which the Company operates. Purchased Credit Deteriorated Loans 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 future cash 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. 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 Real Estate: Real Estate: Real Estate: Commercial Consumer Modified Loans to Borrowers Experiencing Financial Difficulty Business Combinations Business combinations are accounted for using the acquisition accounting method. Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on the acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and that are determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed. The Company has selected December 31st as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Company’s consolidated statement of financial condition. Core deposit intangible assets arising from mergers and acquisitions are amortized on an accelerated basis reflecting the pattern in which the economic benefits of the intangible asset are consumed or otherwise used up. The estimated life of the core deposit intangible is approximately 10 years. Office Properties and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight‑line method with useful lives ranging from 10 to 40 years. Furniture, fixtures, and equipment are depreciated using the straight‑line method with useful lives ranging from 3 to 10 years. Leasehold improvements are amortized over the lease term or the estimated useful life of the asset, whichever is shorter. Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock The Bank is a member of the FHLB and FRB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of their par value. Both cash and stock dividends are reported as income when declared. Bank‑Owned Life Insurance The Bank has purchased life insurance policies on a former key executive. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Investment in Affordable Housing Limited Partnership The Bank owns a less than 5% interest in an affordable housing limited partnership. The investment is recorded using the cost method and is being amortized over the life of the related tax credits. The tax credits are being recognized in income tax expense in the consolidated financial statements to the extent they are utilized on the Company’s income tax returns. The investment is reviewed for impairment on an annual basis or on an interim basis if an event occurs that would trigger potential impairment. Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Variable Interest Entities (“VIE”) An entity is considered to be a VIE when it does not have sufficient equity investment at risk, the equity investors as a group lack the characteristics of a controlling financial interest, or the entity is structured with disproportionate voting rights and substantially all of the entity’s activities are conducted on behalf of an investor with disproportionately few voting rights. The Company is required to consolidate a VIE when it holds a variable interest in the VIE and is also the primary beneficiary of the VIE. CFC 45 is a Community Development Entity (“CDE”), and is considered to be a VIE. The Company is the primary beneficiary because it has the power to direct activities that most significantly affect the economic performance of CFC 45 and has the obligation to absorb the majority of the losses or benefits of its financial performance. Noncontrolling Interests For consolidated subsidiaries that are less than wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The portion of net income attributable to noncontrolling interests for such subsidiaries is presented as net income applicable to noncontrolling interests on the consolidated statements of operations and comprehensive income (loss), and the portion of the stockholders’ equity of such subsidiaries is presented as noncontrolling interests on the consolidated statements of financial condition and consolidated statements of changes in stockholders’ equity. Revenue Recognition Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires the Company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. Most of our revenue‑generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans and investment securities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. The Company’s revenue stream that is within the scope of Topic 606 is primarily service charges on deposit accounts, which consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Stock‑Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Compensation cost is recognized on a straight‑line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur. Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest related to income tax matters in interest expense and penalties related to tax matters in income tax expense. Retirement Plans Employee 401(k) expense is the amount of matching contributions made by the Company. Employee Stock Ownership Plan (ESOP) The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest. Earnings Per Common Share Basic earnings per share of common stock is computed pursuant to the two‑class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards. It also includes the dilutive effect of additional potential common shares issuable under stock options using the treasury method. Comprehensive Income (Loss) Comprehensive income (loss) consists of the net income from operations and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available‑for‑sale, net of tax, which are also recognized as separate components of equity. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe that any such matters existed as of the balance sheet date that will have a material effect on the consolidated financial statements. L eases The Company determines if an arrangement is a lease at inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are included in the Company’s consolidated financial statements. ROU assets represent the Company’s right-of-use of an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments pursuant to the Company’s leases. The ROU assets and liabilities are recognized at commencement of the lease based on the present value of lease payments over the lease term. To determine the present value of lease payments, the Company uses its incremental borrowing rate. The lease term may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair values are estimated using relevant market information and other assumptions, as more fully disclosed in Note 8 “Fair Value”. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Operating Segments The Company operates as a single segment. The operating information used by management to assess performance and make operating decisions about the Company is the consolidated financial data presented in these financial statements. For the years ended 2023 and 2022, the Company has determined that banking is its one reportable business segment. Accounting Pronouncements Recently Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13 – Financial Instruments

Capital

Capital	12 Months Ended
	Dec. 31, 2023
Capital [Abstract]
Capital	Note 2 – Capital On June 7, 2022, the Company closed a private placement of shares of the Company’s Senior Non-Cumulative Perpetual Preferred Stock, Series C, par value $0.01, pursuant to a Letter Agreement, dated as of June 7, 2022, with the United States Department of the Treasury. The Purchase Agreement was entered into pursuant to the Purchaser’s Emergency Capital Investment Program. Pursuant to the Purchase Agreement, the Purchaser acquired an aggregate of 150,000 shares of Series C Preferred Stock, for an aggregate purchase price equal to $150.0 million in cash. The liquidation value of the Series C Preferred Stock is $1,000 per share. This is non-cumulative redeemable perpetual preferred stock which does not have any voting rights, with the exception of voting rights on certain matters. The holders of Series C Preferred Stock will be entitled to a dividend payable in cash quarterly at an annual rate dependent on certain factors as reported by the Company to the Purchaser in a quarterly supplemental report, as set forth in the Purchase Agreement. The initial dividend rate is zero percent for the first two years after issuance, and thereafter the floor dividend rate is 0.50% and the ceiling dividend rate is 2.00%. During the first quarter of 2022, the Company completed the exchange of all the Series A Fixed Rate Cumulative Redeemable Preferred Stock, with an aggregate liquidation value of $3.0 million, plus accrued dividends, for 149,164 shares of Class A Common Stock at an exchange price of $20.08 per share of Class A Common Stock. 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 A or the Reverse Stock Split. 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

Securities

Securities	12 Months Ended
	Dec. 31, 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 at December 31, 2023 and December 31, 2022 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income (loss): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) December 31, 2023: Federal agency mortgage-backed securities $ 76,091 $ 3 $ (9,316 ) $ 66,778 Federal agency Collateralized Mortgage Obligations “CMOs” 24,720 – (1,381 ) 23,339 Federal agency debt 50,893 – (3,057 ) 47,836 Municipal bonds 4,833 – (460 ) 4,373 U. S. Treasuries 167,055 – (3,175 ) 163,880 SBA pools 12,386 4 (1,646 ) 10,744 Total available-for-sale securities $ 335,978 $ 7 $ (19,035 ) $ 316,950 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 There were no sales of securities during the years ended December 31, 2023 or 2022. The amortized cost and estimated fair value of all investment securities available-for-sale at December 31, 2023, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 103,441 $ – $ (1,179 ) $ 102,262 Due after one year through five years 119,530 – (5,231 ) 114,299 Due after five years through ten years 29,078 2 (1,802 ) 27,278 Due after ten years (1) 83,929 5 (10,823 ) 73,111 $ 335,978 $ 7 $ (19,035 ) $ 316,950 (1) Mortgage-backed securities, CMOs and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category. The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2023: (In thousands) Federal agency mortgage-backed securities $ – $ – $ 66,575 $ (9,316 ) $ 66,575 $ (9,316 ) Federal agency CMOs – – 23,339 (1,381 ) 23,339 (1,381 ) Federal agency debt 3,018 (37 ) 44,818 (3,020 ) 47,836 (3,057 ) Municipal bonds – – 4,373 (460 ) 4,373 (460 ) U. S. Treasuries – – 163,880 (3,175 ) 163,880 (3,175 ) SBA pools 286 (1 ) 9,439 (1,645 ) 9,725 (1,646 ) Total $ 3,304 $ (38 ) 312,424 $ (18,997 ) $ 315,728 $ (19,035 ) 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 $ 235,668 $ (11,785 ) $ 87,969 $ (12,832 ) $ 323,637 $ (24,617 ) Securities with a market value of $89.0 million were pledged as collateral for securities sold under agreements to repurchase as of December 31, 2023 and included $47.8 million of U.S. Treasuries, $30.2 million of federal agency debt, and $11.0 million of federal agency mortgage-backed securities. Securities with a market value of $64.4 million were pledged as collateral for securities sold under agreements to repurchase as of December 31, 2022 and included $33.3 million of federal agency debt, $19.2 million of U.S. Treasuries and $11.9 million of federal agency mortgage-backed securities. . At December 31, 2023 and 2022, there were no securities pledged to secure public deposits since those public deposits are under $250 thousand which are fully insured by FDIC. At December 31, 2023 and 2022, there were no holdings of securities by any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity. Accrued interest receivable on securities was $1.2 million at December 31, 2023 and 2022, and is included in the consolidated statement of financial condition in accrued interest receivable At December 31, 2023 and 2022, there were no securities in nonaccrual status. All securities in the portfolio were current with their contractual principal and interest payments. At December 31, 2023 and 2022, there were no securities purchased with deterioration in credit quality since their origination, and there were no collateral dependent securities.

Loans Receivable Held for Inves

Loans Receivable Held for Investment	12 Months Ended
	Dec. 31, 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 periods indicated: December 31, 2023 December 31, 2022 (In thousands) Real estate: Single-family $ 24,702 $ 30,038 Multi-family 561,447 502,141 Commercial real estate 119,436 114,574 Church 12,717 15,780 Construction 89,887 40,703 Commercial – other 63,450 64,841 SBA loans (1) 14,954 3,601 Consumer 13 11 Gross loans receivable before deferred loan costs and premiums 886,606 771,689 Unamortized net deferred loan costs and premiums 1,971 1,755 888,577 773,444 Credit and interest marks on purchased loans, net (772 ) (1,010 ) Allowance for credit losses (2) (7,348 ) (4,388 ) Loans receivable, net $ 880,457 $ 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. As of December 31, 2023 and 2022, the commercial loan category above included $2.5 million and $2.7 million of loans issued under the SBA’s Paycheck Protection Program. PPP loans have terms of two 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 judgment 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 table summarizes the activity in the allowance for credit losses on loans for the period indicated: For the Year Ended December 31, 2023 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (Recapture) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single-family $ 109 $ 214 $ – $ – $ (63 ) $ 260 Multi-family 3,273 603 – 109 428 4,413 Commercial real estate 449 466 – 107 72 1,094 Church 65 37 – – (30 ) 72 Construction 313 219 – – 400 932 Commercial - other 175 254 – – 100 529 SBA loans – 20 – – 28 48 Consumer 4 (4 ) – – – – Total $ 4,388 $ 1,809 $ – $ 216 $ 935 $ 7,348 The following table presents the activity in the allowance for loan losses by loan type for the period indicated: For the Year Ended December 31, 2022 Real Estate Single- family Multi‑ family Commercial real estate Church Construction Commercial– other Consumer Total (In thousands) Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (36 ) 616 213 (38 ) 101 152 (11 ) 997 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 The ACL increased to $7.3 million as of December 31, 2023, compared to $4.4 million as of December 31, 2022. The increase was primarily 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 $935 thousand for the twelve months ended December 31, 2023 due to loan growth of $114.9 million. The CECL methodology includes estimates of expected loss rates in the future, whereas the former 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 lifetime 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: December 31, 2023 Single-Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single-family $ 45 $ – $ – $ – $ 45 Multi-family – 5,672 – – 5,672 Commercial real estate – – 65 – 65 Church – – 391 – 391 Commercial – other – – – 268 268 Total $ 45 $ 5,672 $ 456 $ 268 $ 6,441 At December 31, 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 an associated ACL of $112 thousand as of December 31, 2023. None of these collateral dependent loans were on nonaccrual status at December 31, 2023. 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: December 31, 2023 December 31, 2022 (In thousands) Real estate: Single-family $ – $ 68 Commercial real estate – – Commercial – other 47 57 $ 47 $ 125 The following table summarizes the discount on the PCD loans for the periods indicated: December 31, 2023 December 31, 2022 (In thousands) Balance at the beginning of the period $ 27 $ 289 Deductions due to payoffs (13 ) – Accretion (12 ) (262 ) Balance at the end of the period $ 2 $ 27 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‑ family Commercial real estate Church Construction Commercial– other Consumer Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 3 $ – $ – $ 4 $ – $ – $ – $ 7 Collectively evaluated for impairment 106 3,273 449 61 313 175 4 4,381 Total ending allowance balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 Loans: Loans individually evaluated for impairment $ 57 $ – $ – $ 1,655 $ – $ – $ – $ 1,712 Loans collectively evaluated for impairment 20,893 462,539 63,929 9,008 38,530 29,558 11 624,468 Subtotal 20,950 462,539 63,929 10,663 38,530 29,558 11 626,180 Loans acquired in the Merger 9,088 41,357 50,645 5,117 2,173 38,884 – 147,264 Total ending loans balance $ 30,038 $ 503,896 $ 114,574 $ 15,780 $ 40,703 $ 68,442 $ 11 $ 773,444 The following table presents information related to loans individually evaluated for impairment by loan type as of the period indicated: December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Multi-family $ – $ – $ – 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. For purposes of this disclosure, the unpaid principal balance is not reduced for net charge‑offs. The following table presents the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the periods indicated: For the Year Ended December 31, 2022 Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single-family $ 83 $ 3 Multi-family – – Church 2,381 103 Total $ 2,464 $ 106 Past Due Loans The following tables present the aging of the recorded investment in past due loans by loan type as of the periods indicated: December 31, 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: Real estate: Single-family $ – $ – $ – $ – $ 24,702 $ 24,702 Multi-family – 401 – 401 563,017 563,418 Commercial real estate – – – – 119,436 119,436 Church – – – – 12,717 12,717 Construction – – – – 89,887 89,887 Commercial - other – – – – 63,450 63,450 SBA loans 379 – – 379 14,575 14,954 Consumer – – – – 13 13 Total $ 379 $ 401 $ – $ 780 $ 887,797 $ 888,577 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: Real estate: 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 periods indicated: December 31, 2023 December 31, 2022 Loans receivable held for investment: (In thousands) Church - 144 Total non-accrual loans $ - $ 144 There were no loans 90 days or more delinquent that were accruing interest as of December 31, 2023 or December 31, 2022. None of the church non-accrual loans were delinquent, but none qualified for accrual status as of the dates indicated. Cash‑basis interest income recognized represents cash received for interest payments on accruing impaired loans and interest recoveries on non‑accrual loans that were paid off. Interest payments collected on non‑accrual loans are characterized as payments of principal rather than payments of the outstanding accrued interest on the loans until the remaining principal on the non‑accrual loans is considered to be fully collectible or paid off. When a loan is returned to accrual status, the interest payments that were previously applied to principal are deferred and amortized over the remaining life of the loan. Foregone interest income that would have been recognized had loans performed in accordance with their original terms amounted to $31 thousand for the year ended December 31, 2022, and was not included in the consolidated results of operations. 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 year-ended December 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. ● Substandard. ● Doubtful. ● Loss. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor and/or by the value of the underlying collateral. Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms. The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination as of December 31, 2023: Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (In thousands) Single-family: Pass $ – $ 2,474 $ 1,862 $ 2,940 $ 1,485 $ 12,374 $ – $ 21,135 Watch – – 750 – – 999 – 1,749 Special Mention – – – – – 116 – 116 Substandard – – – 1,365 – 337 – 1,702 Total $ – $ 2,474 $ 2,612 $ 4,305 $ 1,485 $ 13,826 $ – $ 24,702 Multi-family: Pass $ 81,927 $ 183,295 $ 145,652 $ 27,356 $ 44,511 $ 47,119 $ – $ 529,860 Watch – 4,686 6,203 – 1,186 6,474 – 18,549 Special Mention – – 899 – – 1,344 – 2,243 Substandard – – – – 363 12,403 – 12,766 Total $ 81,927 $ 187,981 $ 152,754 $ 27,356 $ 46,060 $ 67,340 $ – $ 563,418 Commercial real estate: Pass $ 9,881 $ 22,131 $ 26,019 $ 24,684 $ 6,718 $ 15,106 $ – $ 104,539 Watch – 442 – 5,286 – 2,599 – 8,327 Special Mention – – – – 325 – – 325 Substandard – – – $ – $ – 6,245 – $ 6,245 Total $ 9,881 $ 22,573 $ 26,019 $ 29,970 $ 7,043 $ 23,950 $ – $ 119,436 Church: Pass $ 2,923 $ – $ 2,210 $ 1,748 $ – $ 2,704 $ – $ 9,585 Watch – – – – 636 1,525 – 2,161 Special Mention – – – – – – – – Substandard – – – – – 971 – 971 Total $ 2,923 $ – $ 2,210 $ 1,748 $ 636 $ 5,200 $ – $ 12,717 Construction: Pass $ – $ 1,109 $ 1,198 $ – $ – $ – $ – $ 2,307 Watch 42,300 35,179 5,484 – – 2,097 – 85,060 Special Mention – – 2,520 – – – – 2,520 Substandard – – – – – – – – Total $ 42,300 $ 36,288 $ 9,202 $ – $ – $ 2,097 $ – $ 89,887 Commercial – other: Pass $ 15,000 $ 9,077 $ 87 $ 5,600 $ – $ 25,154 $ – $ 54,918 Watch – 312 – 1,500 6,550 – – 8,362 Special Mention – – 170 – – – – 170 Substandard – – – – – – – – Total $ 15,000 $ 9,389 $ 257 $ 7,100 $ 6,550 $ 25,154 $ – $ 63,450 SBA: Pass $ 11,809 $ 109 $ 2,453 $ – $ 16 $ 100 $ – $ 14,487 Watch – – – – – – – – Special Mention – – – 467 – – – 467 Substandard – – – – – – – – Total $ 11,809 $ 109 $ 2,453 $ 467 $ 16 $ 100 $ – $ 14,954 Consumer: Pass $ 13 $ – $ – $ – $ – $ – $ – $ 13 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – – – – – Total $ 13 $ – $ – $ – $ – $ – $ – $ 13 Total loans: Pass $ 121,553 $ 218,195 $ 179,481 $ 62,328 $ 52,730 $ 102,557 $ – $ 736,844 Watch 42,300 40,619 12,437 6,786 8,372 13,694 – 124,208 Special Mention – – 3,589 467 325 1,460 – 5,841 Substandard – – – 1,365 363 19,956 – 21,684 Total loans $ 163,853 $ 258,814 $ 195,507 $ 70,946 $ 61,790 $ 137,667 $ – $ 888,577 Based on the most recent analysis performed, the risk categories of loans by loan type as of the dates indicated were as follows: December 31, 2022 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single-family $ 29,022 $ 354 $ 260 $ 402 $ – $ – $ 30,038 Multi-family 479,182 9,855 14,859 – – – 503,896 Commercial real estate 104,066 4,524 1,471 4,513 – – 114,574 Church 14,505 728 – 547 – – 15,780 Construction 2,173 38,530 – – – – 40,703 Commercial – others 53,396 11,157 – 288 – – 64,841 SBA 3,032 569 – – – – 3,601 Consumer 11 – – – – – 11 Total $ 685,387 $ 65,717 $ 16,590 $ 5,750 $ – $ – $ 773,444 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 $364 thousand and $412 thousand at December 31, 2023 and 2022, respectively. These amounts are included in accrued expenses and other liabilities on the consolidated statements of condition. The recovery of credit losses for off-balance sheet commitments was $2 thousand for the year ended December 31, 2023.

Office Properties and Equipment

Office Properties and Equipment, net	12 Months Ended
	Dec. 31, 2023
Office Properties and Equipment, net [Abstract]
Office Properties and Equipment, net	Note 5 – Office Properties and Equipment, net Year‑end office properties and equipment were as follows: December 31, 2023 December 31, 2022 (In thousands) Land $ 5,322 $ 5,322 Office buildings and improvements 6,433 6,303 Right of use assets 655 889 Furniture, fixtures, and equipment 2,318 2,185 14,728 14,699 Less accumulated depreciation (4,888 ) (4,408 ) Office properties and equipment, net $ 9,840 $ 10,291 Depreciation expense was $385 thousand and $376 thousand for the years 2023 and 2022, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Note 6 – Leases Effective October 1, 2021, the Bank entered into an operating lease for its administrative offices at 4601 Wilshire Boulevard in Los Angeles. The ROU asset represents our right to use the underlying asset during the lease term. Operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the date of implementation of the new accounting standard. The ROU asset totaled $655 thousand as of December 31, 2023 and was included in office properties and equipment, net accrued expenses and other liabilities The operating lease has one 5-year extension option at the then fair market rate. As this extension option is not reasonably certain of exercise, it is not included in the lease term. The Bank has no finance leases. The Company recognized rent expense of $305 thousand in 2023 and $214 thousand in 2022. Additional information regarding our operating leases is summarized below for the periods indicated (dollars in thousands): Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities for operating leases: $ 242 $ 229 ROU assets obtained in exchange for lease liabilities – – Weighted average remaining lease term in months 33 45 Weighted average discount rate 1.1 % 1.1 % The future minimum payments for operating leases with remaining terms of one year or more as of December 31, 2023 were as follows (in thousands): Year ended December 31, 2024 $ 242 Year ended December 31, 2025 242 Year ended December 31, 2026 181 Total future minimum lease payments 665 Amounts representing interest (10 ) Present value of net future minimum lease payments $ 655

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	12 Months Ended
	Dec. 31, 2023
Goodwill and Core Deposit Intangible [Abstract]
Goodwill and Core Deposit Intangible	Note 7 – Goodwill and Core Deposit Intangible The Company recognized goodwill of $25.9 million and a core deposit intangible of $2.1 million. The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the year ended December 31, 2023 and 2022: December 31, 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 – (390 ) Balance at the end of the period $ 25,858 $ 2,111 December 31, 2022 Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,996 $ 2,936 Additions – – Change in deferred tax estimate (138 ) – Amortization – (435 ) Balance at the end of the period $ 25,858 $ 2,501 No impairment charges were recorded during 2023 or 2022 for goodwill. Management’s assessment of goodwill is performed in accordance with ASC 350-20 – Intangibles-Goodwill and Other, which allows the Company to perform a qualitative assessment of goodwill to determine if it is more likely than not the fair value of the Company’s equity is below its carrying value. The Company performed its qualitative assessment as of December 31, 2023 as well as a quantitative assessment as of December 31, 2023 due to concerns regarding declines in the Company’s stock price. No impairment charges were necessary as a result of the quantitative assessment. The deposit intangible consisted of the following at December 31, 2023 and 2022: December 31, 2023 December 31, 2022 (In thousands) Core deposit intangible acquired $ 3,329 $ 3,329 Less: accumulated amortization (1,218 ) (828 ) $ 2,111 $ 2,501 The following table outlines the estimated amortization expense related to the core deposit intangible during the next five fiscal years: (In thousands) 2024 $ 336 2025 315 2026 304 2027 291 2028 279 Thereafter 586 $ 2,111

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2023
Fair Value [Abstract]
Fair Value	Note 8 – Fair Value The Company used the following methods and significant assumptions to estimate fair value: The fair values of securities available‑for‑sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair value of 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. 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 December 31, 2023 Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 66,778 $ – $ 66,778 Federal agency CMOs – 23,339 – 23,339 Federal agency debt – 47,836 – 47,836 Municipal bonds – 4,373 – 4,373 U.S. Treasuries 163,880 – – 163,880 SBA pools – 10,744 – 10,744 At December 31, 2022 Securities available-for-sale: Federal agency mortgage-backed $ – $ 74,169 $ – $ 74,169 Federal agency CMO – 26,100 – 26,100 Federal agency debt – 51,425 – 51,425 Municipal bonds – 4,197 – 4,197 U.S. Treasuries 160,589 – – 160,589 SBA pools – 12,269 – 12,269 There were no transfers between Level 1, Level 2, or Level 3 during the years ended December 31, 2023 and 2022. Fair Values of Financial Instruments The carrying amounts and estimated fair values of financial instruments as of the periods indicated were as follows: Carrying Fair Value Measurements at December 31, 2023 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 105,195 $ 105,195 $ – $ – $ 105,195 Securities available-for-sale 316,950 163,880 153,070 – 316,950 Loans receivable held for investment 880,457 – – 746,539 746,539 Accrued interest receivable 4,938 306 1,301 3,331 4,938 Bank owned life insurance 3,275 3,275 – – 3,275 Financial Liabilities: Deposits $ 682,635 $ – $ 536,171 $ – $ 536,171 FHLB advances 209,319 – 208,107 – 208,107 Securities sold under agreements to repurchase 73,475 – 72,597 – 72,597 Bank Term Funding Program borrowing 100,000 – 100,000 – 100,000 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 1,420 – 1,420 – 1,420 Carrying Fair Value Measurements at December 31, 2022 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 16,105 $ 16,105 $ – $ – $ 16,105 Securities available-for-sale 328,749 160,589 168,160 – 328,749 Loans receivable held for investment 768,046 – – 641,088 641,088 Accrued interest receivable 3,973 442 793 2,738 3,973 Bank owned life insurance 3,233 3,233 – – 3,233 Financial Liabilities: Deposits $ 686,916 $ – $ 673,615 $ – $ 673,615 FHLB advances 128,344 – 126,328 – 126,328 Securities sold under agreements to repurchase 63,471 – 60,017 – 60,017 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 453 – 453 – 453

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Note 9 – Deposits Deposits are summarized as follows: December 31, 2023 December 31, 2022 (In thousands) Interest checking and other demand deposits $ 219,138 $ 244,562 Non‑interest-bearing demand deposits 107,891 89,779 Money market deposits 127,590 155,200 Savings deposits 59,981 62,322 Certificates of deposit 168,035 135,053 Total $ 682,635 $ 686,916 The Bank accepts two types of deposits from a deposit placement service called the Certificate of Deposit Account Registry Service (“CDARS”). Reciprocal deposits are the Bank’s own retail deposits in amounts in excess of the insured limits. The CDARS program allows banks to place their customers’ funds in FDIC‑insured certificates of deposit at other banks and, at the same time, receive an equal sum of funds from the customers of other banks in the CDARS Network. These deposits totaled $114.8 million and $74.6 million at December 31, 2023 and 2022, respectively and are not considered to be brokered deposits. The other type of deposit that may be accepted under the CDARS program is nonreciprocal deposits which are considered to be brokered funds. As of December 31, 2023, the Bank had no such deposits. At December 31, 2023 and 2022, the Bank had $0 and $4.3 million in (non-CDARS) brokered deposits, respectively. As of December 31, 2023 and 2022, approximately $286.4 million and $212.9 million of our total deposits (including deposits from affiliates) were not insured by FDIC insurance, which represented 37% and 31% of total deposits, respectively. Scheduled maturities of certificates of deposit for the next five years are as follows: Maturity Amount (In thousands) 2024 $ 141,705 2025 20,002 2026 6,000 2027 178 2028 10 Thereafter 140 $ 168,035 Certificates of deposit of $250 thousand or more totaled $23.5 million and $30.2 million at December 31, 2023 and 2022, respectively. The Company has a significant concentration of deposits with five long‑time customers that accounted for approximately 28% and 27% of its deposits as of December 31, 2023 and 2022, respectively. The Company expects to maintain the relationships with the customers for the near term. Deposits from principal officers, directors, and their affiliates totaled $21.3 million and $24.3 million at December 31, 2023 and 2022, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Borrowings [Abstract]
Borrowings	Note 10 – Borrowings The following table summarizes information relating to FHLB advances at or for the periods indicated: At or For the Year Ended December 31, 2023 2022 (Dollars in thousands) FHLB Advances: Average balance outstanding during the year $ 177,261 $ 61,593 Maximum amount outstanding at any month‑end during the year $ 210,242 $ 128,823 Balance outstanding at end of year $ 209,319 $ 128,344 Weighted average interest rate at end of year 4.91 % 3.74 % Average cost of advances during the year 4.70 % 1.74 % Weighted average maturity (in months) 2 7 Each advance is subject to a prepayment penalty if paid before its maturity date. The advances were collateralized by $435.4 million and $328.1 million of commercial real estate loans at December 31, 2023 and 2022, respectively, under a blanket lien arrangement. Based on collateral pledged and the Company’s holdings of FHLB stock as of December 31, 2023, the Company was eligible to borrow up to an additional $117.0 million at year‑end 2023. Scheduled maturities of FHLB advances are as follows: Amount (In thousands) 2024 $ 176,638 2025 32,681 $ 209,319 On December 27, 2023, the Company borrowed $100.0 million from the Federal Reserve under the Bank Term Funding Program (“BTFP”). As of December 31, 2023, $100.0 million was outstanding. The interest rate on this borrowing is fixed at 4.84% and the borrowing matures on December 29, 2024. Investment securities with a book value of $107.3 million and a fair value of $98.3 million were pledged as collateral for this borrowing as of December 31, 2023. There are no prepayment penalties for early payoff. As the BTFP ended on March 11, 2024, no additional borrowings can be made under the program. In addition, the Bank had additional lines of credit of $10.0 million with other financial institutions as of December 31, 2023.

Securities Sold Under Agreement

Securities Sold Under Agreements to Repurchase	12 Months Ended
	Dec. 31, 2023
Securities Sold Under Agreements to Repurchase [Abstract]
Securities Sold Under Agreements to Repurchase	Note 11 – Securities Sold Under Agreements to Repurchase The Bank enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Bank may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Bank to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing agreements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability in the Bank’s consolidated statements of financial condition, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. As of December 31, 2023, securities sold under agreements to repurchase totaled $73.5 million at an average rate of 2.60%. These agreements mature on a daily basis, but management expects the agreements to be available in the foreseeable future. The fair value of securities pledged totaled $89.0 million as of December 31, 2023 and included $47.8 million of U.S. Treasuries, $30.2 million of federal agency debt, and $11.0 million of federal agency mortgage-backed securities. As of December 31, 2022, securities sold under agreements to repurchase totaled $63.5 million at an average rate of 0.38%. The fair value of securities pledged totaled $64.4 million as of December 31, 2022 and included $33.3 million of federal agency debt, $19.2 million of U.S. Treasuries and $11.9 million of federal agency mortgage-backed securities.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2023
Notes Payable [Abstract]
Notes Payable	Note 12 – Notes Payable In connection with the New Market Tax Credit activities of City First Bank, CFC 45 is a partnership whose members include CFNMA and City First New Markets Fund II, LLC. This CDE acts in effect as a pass-through for a Merrill Lynch allocation totaling $14.0 million that needed to be deployed. In December 2015, Merrill Lynch made a $14.0 million non-recourse loan to CFC 45, whereby CFC 45 passed that loan through to a Qualified Active Low-Income Community Business. The loan to the QALICB is secured by a Leasehold Deed of Trust that, due to the pass-through, non-recourse structure, is operationally and ultimately for the benefit of Merrill Lynch rather than CFC 45. Debt service payments received by CFC 45 from the QALICB are passed through to Merrill Lynch in return for which CFC 45 receives a servicing fee. The financial statements of CFC 45 are consolidated with those of the Bank and the Company.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 13 – Employee Benefit Plans 401(k) Plans In July of 2022, the Broadway Federal Bank 401(k) benefit plan and the City First Bank 401(k) benefit plan were combined into one plan called “the City First Bank 401(k) benefit plan” (the “401(k) Plan”). The 401(k) Plan allows employee contributions for substantially all employees up to 15% of their compensation, which are matched at a rate equal to 50% of the first 6% of compensation contributed. In addition, the 401(k) Plan makes a non-elective safe harbor contribution of 3% of each eligible employee’s compensation. Expenses related to the 401(k) plans totaled $447 thousand in 2023 and $309 thousand for 2022. ESOP Plan Employee s participate in an Employee Stock Ownership Plan (“ESOP”) after attaining certain age and service requirements. During 2022, the ESOP purchased 58,369 shares of the Company’s common stock at an average cost of $8.57 per share for a total cost of $500 thousand which was funded with a $5 million line of credit from the Company. During 2023, the ESOP purchased 369,958 additional shares of the Company’s common stock at an average cost of $9.19 per share for a total cost of $3.4 million which was funded with the line of credit. Any loans or borrowings under the line of credit will be repaid from the Bank’s discretionary contributions to the ESOP, net of dividends paid, over a period of 20 years. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants. When loan payments are made, shares are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. As the unearned shares are released from the suspense account, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to equity as additional paid‑in capital. Dividends on allocated shares increase participant accounts. Dividends on unallocated shares will be used to repay the loan. At the end of employment, participants will receive shares for their vested balance. Compensation expense related to the ESOP was $307 thousand for 2023 and $66 thousand for 2022 . Shares held by the ESOP were as follows: December 31, 2023 December 31, 2022 (Dollars in thousands) Allocated to participants 134,444 132,188 Committed to be released 28,669 1,237 Suspense shares 458,829 118,561 Total ESOP shares 621,942 251,986 Fair value of unearned shares $ 4,217 $ 1,016 During 2023 and 2022, 28,669 and 5,032 of ESOP shares were released for allocation to participants, respectively. The outstanding book balance of unearned ESOP shares at December 31, 2023 and 2022 was $4.5 million and $1.3 million, respectively, which is shown as unearned ESOP shares in the equity section of the consolidated statements of financial condition. During December of 2022, the Company issued a $5 million line of credit to the ESOP Plan for the purchase of additional shares. As of December 31, 2023, the trustee for the ESOP had purchased 428,327 shares at a total cost of $3.9 million. As of December 31, 2022, the trustee for the ESOP had purchased 58,369 shares at a total cost of $500 thousand All common stock share amounts and per share amounts above have been retroactively adjusted, as applicable, for 1-for-8

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Income Taxes	Note 14 – Income Taxes The Company and its subsidiary are subject to U.S. federal and state income taxes. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Income tax expense was as follows: 2023 2022 (In thousands) Current Federal $ 300 $ 700 State 398 218 Deferred Federal 1,046 944 State 241 551 Total $ 1,985 $ 2,413 Effective tax rates differ from the federal statutory rate of 21% applied to income before income taxes due to the following: 2023 2022 (In thousands) Federal statutory rate times pre-tax net income $ 1,370 $ 1,705 Effect of: State taxes, net of federal benefit 512 623 Earnings from bank owned life insurance (9 ) (9 ) Low-income housing credits – (6 ) Change in valuation allowance 80 – Tax effect of stock-based compensation 14 25 Other, net 18 75 Total $ 1,985 $ 2,413 Year‑end deferred tax assets and liabilities were due to the following: 2023 2022 (In thousands) Deferred tax assets: Allowance for credit losses $ 2,008 $ 1,063 Accrued liabilities 580 555 State income taxes 30 45 Stock compensation 196 226 Net operating loss carryforward 1,982 2,616 Partnership investment 340 257 General business credit 1,962 1,962 Alternative minimum tax credit 11 5 Net unrealized loss on securities available-for-sale 5,815 7,388 Right of use liability 196 266 Fair value adjustment on acquired loans 223 291 Other 212 332 Total deferred tax assets 13,555 15,006 Less: valuation allowance (449 ) (369 ) Total deferred tax assets , net of valuation allowance 13,106 14,637 Deferred tax liabilities: Section 481 adjustments to bad debts – (7 ) Deferred loan fees/costs (1,743 ) (776 ) Basis difference on fixed assets (748 ) (723 ) FHLB stock dividends (98 ) (90 ) Nonaccrual loan interest – (8 ) Prepaid expenses (180 ) (186 ) Right of use assets (189 ) (256 ) Core deposit intangibles (610 ) (719 ) Total deferred tax liabilities (3,568 ) (2,765 ) Net deferred tax assets $ 9,538 $ 11,872 Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluated both positive and negative evidence, the amount of taxes paid in available carry‑back years, and the forecasts of future income and tax planning strategies. Based on this analysis, management determined that, as of December 31, 2023, a valuation allowance of $449 thousand was required on the Company’s deferred tax assets, which totaled $9.5 million (net of valuation allowance). As of December 31, 2022, a valuation allowance of $369 thousand was required on the Company’s deferred tax assets, which totaled $11.9 million (net of valuation allowance). As of December 31, 2023, the Company had federal net operating loss carryforwards of $536 thousand, all of which can be carried forward indefinitely. The Company also had California net operating loss carryforwards of $21.8 million which will expire in 2031 through 2041, if not utilized. The Company also had federal general business credits of $2.0 million, which will expire in 2030 through 2041, if not utilized. The Company did not have any unrecognized tax benefits as of December 31, 2023 or 2022. 2022 is the most recent tax year for which the Company has filed federal and state income or franchise tax returns. Federal tax years 2020 through 2022 remain open for the assessment of Federal income tax. California tax years 2019 through 2022 remain open for the assessment of California franchise tax. Washington, D.C. tax years 2020 through 2022 remain open for the assessment of D.C. franchise tax. The Company is not currently under examination by any tax authorities .

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 15 – 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 that could be awarded under that plan was 161,639 shares. On June 21, 2023, stockholders approved the Amended and Restated 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 649,139 shares. No stock options were granted during the year ended December 31, 2023. The following table summarizes stock option activity during the year ended December 31, 2023: 2023 Number Outstanding Weighted Average Exercise Price Outstanding at beginning of year 31,250 $ 12.96 Granted during the year – – Exercised during the year – – Forfeited or expired during the year – – Outstanding at end of year 31,250 $ 12.96 Exercisable at end of year 31,250 $ 12.96 There was no stock-based compensation expense related to stock options during 2022 or 2023 as there was no remaining unrecognized compensation cost related to non-vested options granted under the plan as of December 31, 2021. Options outstanding and exercisable at year‑end 2023 were as follows: Outstanding Exercisable Grant Date Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value February 24, 2016 31,250 $ 12.96 31,250 $ 12.96 31,250 2.13 years $ 12.96 $ – 31,250 $ 12.96 $ – Stock Awards to Directors In February 2023 and 2022, the Company awarded 9,230 and 5,898 shares of common stock, respectively, to its directors under the LTIP, which are fully vested. The Company recorded $95 thousand and $84 thousand of compensation expense in the years ended December 31, 2023 and December 31, 2022, respectively, based on the fair value of the stock on the date of the award. Restricted Stock Awards to Employees In March of 2022, the Company issued 61,908 shares of restricted stock to its officers and employees under the LTIP, of which 17,012 shares have been forfeited as of December 31, 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 2023 and 2022, the Company recorded $106 thousand and $133 thousand of stock-based compensation expense related to shares awarded to employees. On June 21, 2023, the Company issued 92,720 shares of restricted stock to its officers and employees under the Amended and Restated LTIP, of which 11,237 shares have been forfeited as of December 31, 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 year ended December 31, 2023, the Company recorded $104 thousand of stock-based compensation expense related to these restricted stock awards. As of December 31, 2023, 199,268 shares had been awarded under the Amended and Restated LTIP and 449,871 shares were available to be awarded. A summary of restricted stock unit activity for the year ended December 31, 2023 is as follows: Restricted Stock Units (In thousands) Weighted Average Grant Date Fair Value Remaining Contractual Life (months) Unvested at December 31, 2022 52,949 12.24 43 Granted during period 92,720 $ 8.56 52 Vested during period 11,848 – – Forfeited or expired during period (19,290 ) – – Unvested at December 31, 2023 114,531 $ 9.12 39 As of December 31, 2023, there was $1.1 million of total unrecognized equity-based compensation expense that the Company expects to recognize over the remaining contractual life. All common stock share amounts above have been retroactively adjusted, as applicable, for the 1-for-8

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Regulatory Matters [Abstract]
Regulatory Matters	Note 16 – Regulatory Matters The Bank’s capital requirements are administered by the Office of the Comptroller of the Currency (“OCC”) and involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by the OCC. Failure to meet capital requirements can result in regulatory action. As a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies have developed a “Community Bank Leverage Ratio” (“CBLR”) (the ratio of a bank’s tier 1 capital to average total consolidated assets) for financial institutions with assets of less than $10 billion. A “qualifying community bank” that exceeds this ratio will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. The federal banking agencies have set the Community Bank Leverage Ratio at 9%. 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) December 31, 2023 Community Bank Leverage Ratio $ 185,773 14.97 % $ 111,696 9.00 % December 31, 2022 Community Bank Leverage Ratio $ 181,304 15.75 % $ 103,591 9.00 % At December 31, 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 that would materially adversely change the Bank’s capital classifications. From time to time, we may need to raise additional capital to support the Bank’s further growth and to maintain the “well capitalized” status.

Loan Commitments and Other Rela

Loan Commitments and Other Related Activities	12 Months Ended
	Dec. 31, 2023
Loan Commitments and Other Related Activities [Abstract]
Loan Commitments and Other Related Activities	Note 17 – Loan Commitments and Other Related Activities Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off‑balance‑sheet risk for credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. The contractual amounts of financial instruments with off‑balance‑sheet risk at year‑end were as follows: 2023 2022 (In thousands) Commitments to make loans $ 7,560 $ 15,160 Unfunded construction loans 42,678 27,811 Unused lines of credit – variable rates 3,302 13,341 Commitments to make loans are generally made for periods of 60 days or less.

Parent Company Only Condensed F

Parent Company Only Condensed Financial Information	12 Months Ended
	Dec. 31, 2023
Parent Company Only Condensed Financial Information [Abstract]
Parent Company Only Condensed Financial Information	Note 18 – Parent Company Only Condensed Financial Information Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheets December 31, 2023 2022 (In thousands) Assets Cash and cash equivalents $ 77,457 $ 84,015 Investment in bank subsidiary 200,830 192,977 Other assets 4,003 2,725 Total assets $ 282,290 $ 279,717 Liabilities and stockholders’ equity Accrued expenses and other liabilities $ 387 $ 235 Stockholders’ equity 281,903 279,482 Total liabilities and stockholders’ equity $ 282,290 $ 279,717 Condensed Statements of Income Years Ended December 31, 2023 2022 (In thousands) Interest income $ 268 $ 88 Interest expense – – Other expense (1,099 ) (877 ) Income (loss) before income tax and undistributed subsidiary income (831 ) (789 ) Income tax benefits 196 85 Equity in undistributed subsidiary income 5,149 6,340 Net income $ 4,514 $ 5,636 Condensed Statements of Cash Flows Years Ended December 31, 2023 2022 (In thousands) Cash flows from operating activities Net income $ 4,514 $ 5,636 Adjustments to reconcile net loss to net cash used in operating activities: Equity in undistributed subsidiary income (5,149 ) (6,340 ) Change in other assets (1,222 ) 1,196 Change in accrued expenses and other liabilities 152 (348 ) Net cash (used in) provided by operating activities (1,705 ) 144 Cash flows from investing activities Capital distribution to bank subsidiary – (75,000 ) Net cash used in investing activities – (75,000 ) Cash flows from financing activities Share repurchase - FDIC (1,781 ) – Proceeds from issuance of preferred stock – 150,000 Increase in unreleased ESOP shares (3,400 ) (500 ) Proceeds from repayment of ESOP loan 328 66 Net cash (used in) provided by financing activities (4,853 ) 149,566 Net change in cash and cash equivalents (6,558 ) 74,710 Beginning cash and cash equivalents 84,015 9,305 Ending cash and cash equivalents $ 77,457 $ 84,015 There was $3.0 million of non-cash financing activities for the exchange of preferred stock for common stock in 2022.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 19 – Earnings Per Common Share The factors used in the earnings per common share computation follow: 2023 2022 (Dollars in thousands, except share and per share) Net income attributable to Broadway Financial Corporation $ 4,514 $ 5,636 Less net income attributable to participating securities 59 27 Income available to common stockholders $ 4,455 $ 5,609 Weighted average common shares outstanding for basic earnings per common share 8,627,071 9,051,128 Add: dilutive effects of unvested restricted stock awards 114,599 51,737 Weighted average common shares outstanding for diluted earnings per common share 8,741,670 9,102,865 Earnings per common share - basic $ 0.52 $ 0.62 Earnings per common share - diluted $ 0.51 $ 0.62 Stock options for 31,250 shares of common stock for the year ended December 31, 2023, were not considered in computing diluted earnings per common share because they were anti‑dilutive. Basic earnings per share of common stock is computed pursuant to the two-class method by dividing net loss available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed loss attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock options. No unvested stock awards or potential common shares issuable under stock options were included in diluted earnings per share in either year. All common stock share amounts above have been retroactively adjusted, as applicable, for the 1-for-8

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 20 – Subsequent Events The Company evaluated its December 31, 2023 consolidated financial statements for subsequent events through the date these financial statements were issued.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Principles of Consolidation	Nature of Operations and Principles of Consolidation Broadway Financial Corporation (the “Company”) was incorporated under Delaware law in 1995 for the purpose of acquiring and holding all of the outstanding capital stock of Broadway Federal Savings and Loan Association as part of the bank’s conversion from a federally chartered mutual savings association to a federally chartered stock savings bank. In connection with the conversion, the bank’s name was changed to Broadway Federal Bank, f.s.b. (“Broadway Federal”). The conversion was completed, and Broadway Federal became a wholly‑owned subsidiary of the Company, in January 1996. On April 1, 2021, the Company completed its merger with CFBanc Corporation, with the Company continuing as the surviving entity. Immediately following the CFBanc Merger, Broadway Federal merged with and into City First Bank of D.C, National Association with City First Bank of D.C., National Association (the “Bank”) continuing as the surviving entity (combined with Broadway Federal). Concurrently with the Merger, the Bank changed its name to City First Bank, National Association. The Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in the Bank’s market areas. At December 31, 2023, the Bank operated three retail‑banking offices: Los Angeles and in the nearby city of Inglewood in California, and another in Washington, D.C. The Bank is subject to significant competition from other financial institutions and is also subject to regulation by certain federal agencies and undergoes periodic examinations by those regulatory authorities. The accompanying consolidated financial statements include Broadway Financial Corporation and its wholly owned subsidiary, City First Bank, National Association (together with the Company, “City First Broadway”). Also included in the consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. The results of Broadway Service Corporation, a wholly owned subsidiary of the Bank, are also included in the consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.
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, management determined 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 addressed these prior period adjustments and incorporated 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).
Use of Estimates	Use of Estimates To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ from these estimates. The allowance and provision for credit losses, deferred tax asset valuation allowance, and fair values of investment securities and other financial instruments are particularly subject to change.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash items in the process of collection, amounts due from correspondent banks and the Federal Reserve Bank of San Francisco (the “Federal Reserve Bank”), and interest‑bearing deposits in other banks with initial terms of ninety days or less. The Company may be required to maintain reserve and clearing balances with the Federal Reserve Bank under the Federal Reserve Act of 1913, as amended. Effective on March 26, 2020, as a part of Federal Reserve Bank’s tools to promote maximum employment, Federal Reserve Bank Board reduced reserve requirement ratios to zero. The reserve and clearing requirement balance were no longer required at December 31, 2023. Net cash flows are reported for customer loan and deposit transactions, interest‑bearing deposits in other banks, deferred income taxes and other assets and liabilities.
Investment Securities	Investment Securities Debt securities are classified as held‑to‑maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available‑for‑sale when they might be sold before maturity. Securities available‑for‑sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level‑yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. 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. The ACL on securities is recorded at the time of purchase or acquisition, representing the Company’s best estimate of current expected credit losses (“CECL”) as of the date of the consolidated statements of financial condition. 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 December 31, 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 December 31, 2023.
Loans Receivable Held for Investment	Loans Receivable Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of allowance for credit losses, deferred loan fees and costs and unamortized premiums and discounts. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct loan origination costs, premiums and discounts are deferred, and recognized in income using the level‑yield method without anticipating prepayments. Interest income on all loans is discontinued at the time the loan is 90 days delinquent unless the loan is well‑secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non‑accrual or charged‑off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on non‑accrual is reversed against interest income. Interest received on such loans is accounted for on the cash‑basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Concentration of Credit Risk	Concentration of Credit Risk Concentrations of credit risk arise when several customers are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. The Company’s lending activities are predominantly in real estate loans that are secured by properties located in Southern California and in Washington, D.C. and many of the borrowers reside in those areas. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy and real estate market in the markets in which the Company operates.
Purchased Credit Deteriorated Loans	Purchased Credit Deteriorated Loans 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 future cash 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.
Allowance for Credit Losses - Loans	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 Real Estate: Real Estate: Real Estate: Commercial Consumer
Modified Loans to Borrowers Experiencing Financial Difficulty	Modified Loans to Borrowers Experiencing Financial Difficulty
Business Combinations	Business Combinations Business combinations are accounted for using the acquisition accounting method. Under the acquisition method, the Company measures the identifiable assets acquired, including identifiable intangible assets, and liabilities assumed in a business combination at fair value on the acquisition date. Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and that are determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate the necessity for such impairment tests to be performed. The Company has selected December 31st as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on the Company’s consolidated statement of financial condition. Core deposit intangible assets arising from mergers and acquisitions are amortized on an accelerated basis reflecting the pattern in which the economic benefits of the intangible asset are consumed or otherwise used up. The estimated life of the core deposit intangible is approximately 10 years.
Office Properties and Equipment	Office Properties and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight‑line method with useful lives ranging from 10 to 40 years. Furniture, fixtures, and equipment are depreciated using the straight‑line method with useful lives ranging from 3 to 10 years. Leasehold improvements are amortized over the lease term or the estimated useful life of the asset, whichever is shorter.
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock	Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock The Bank is a member of the FHLB and FRB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of their par value. Both cash and stock dividends are reported as income when declared.
Bank-Owned Life Insurance	Bank‑Owned Life Insurance The Bank has purchased life insurance policies on a former key executive. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Investment in Affordable Housing Limited Partnership	Investment in Affordable Housing Limited Partnership The Bank owns a less than 5% interest in an affordable housing limited partnership. The investment is recorded using the cost method and is being amortized over the life of the related tax credits. The tax credits are being recognized in income tax expense in the consolidated financial statements to the extent they are utilized on the Company’s income tax returns. The investment is reviewed for impairment on an annual basis or on an interim basis if an event occurs that would trigger potential impairment.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Variable Interest Entities ("VIE")	Variable Interest Entities (“VIE”) An entity is considered to be a VIE when it does not have sufficient equity investment at risk, the equity investors as a group lack the characteristics of a controlling financial interest, or the entity is structured with disproportionate voting rights and substantially all of the entity’s activities are conducted on behalf of an investor with disproportionately few voting rights. The Company is required to consolidate a VIE when it holds a variable interest in the VIE and is also the primary beneficiary of the VIE. CFC 45 is a Community Development Entity (“CDE”), and is considered to be a VIE. The Company is the primary beneficiary because it has the power to direct activities that most significantly affect the economic performance of CFC 45 and has the obligation to absorb the majority of the losses or benefits of its financial performance.
Noncontrolling Interests	Noncontrolling Interests For consolidated subsidiaries that are less than wholly-owned, the third-party holdings of equity interests are referred to as noncontrolling interests. The portion of net income attributable to noncontrolling interests for such subsidiaries is presented as net income applicable to noncontrolling interests on the consolidated statements of operations and comprehensive income (loss), and the portion of the stockholders’ equity of such subsidiaries is presented as noncontrolling interests on the consolidated statements of financial condition and consolidated statements of changes in stockholders’ equity.
Revenue Recognition	Revenue Recognition Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires the Company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. Most of our revenue‑generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans and investment securities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. The Company’s revenue stream that is within the scope of Topic 606 is primarily service charges on deposit accounts, which consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transaction based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.
Stock-Based Compensation	Stock‑Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. Compensation cost is recognized on a straight‑line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest related to income tax matters in interest expense and penalties related to tax matters in income tax expense.
Retirement Plans	Retirement Plans Employee 401(k) expense is the amount of matching contributions made by the Company.
Employee Stock Ownership Plan (ESOP)	Employee Stock Ownership Plan (ESOP) The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per share of common stock is computed pursuant to the two‑class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. ESOP shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards. It also includes the dilutive effect of additional potential common shares issuable under stock options using the treasury method.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of the net income from operations and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available‑for‑sale, net of tax, which are also recognized as separate components of equity.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe that any such matters existed as of the balance sheet date that will have a material effect on the consolidated financial statements.
Leases	L eases The Company determines if an arrangement is a lease at inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are included in the Company’s consolidated financial statements. ROU assets represent the Company’s right-of-use of an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments pursuant to the Company’s leases. The ROU assets and liabilities are recognized at commencement of the lease based on the present value of lease payments over the lease term. To determine the present value of lease payments, the Company uses its incremental borrowing rate. The lease term may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense is recognized on a straight-line basis over the lease term.
Fair Value Measurements	Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair values are estimated using relevant market information and other assumptions, as more fully disclosed in Note 8 “Fair Value”. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Operating Segments	Operating Segments The Company operates as a single segment. The operating information used by management to assess performance and make operating decisions about the Company is the consolidated financial data presented in these financial statements. For the years ended 2023 and 2022, the Company has determined that banking is its one reportable business segment.
Accounting Pronouncements Recently Adopted and Yet to Be 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 326): Measurement of Credit Losses on Financial Instruments. This ASU replaces the incurred loss impairment model in previous GAAP with a model that reflects current expected credit losses. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. CECL also requires credit losses on available-for-sale debt securities be measured through an allowance for credit losses when the fair value is less than the amortized cost basis. The new guidance also applies to off-balance sheet credit exposures. The ASU requires that all expected credit losses for financial assets held at the reporting date be measured based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU also requires enhanced disclosures, including qualitative and quantitative disclosures that provide additional information about significant estimates and judgments used in estimating credit losses. The provisions of this ASU became effective for the Company for all annual and interim periods beginning January 1, 2023. 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. This ASU was issued as part of an ongoing project on the FASB’s agenda for improving the Codification or correcting for its unintended application. The amendments in this ASU became effective for all interim and annual reporting periods for the Company on January 1, 2023. The Company adopted the provisions within this ASU in conjunction with the implementation of ASC 326, including: (i) the election to not measure credit losses on accrued interest receivable when such balances are written-off in a timely manner when deemed uncollectable and (ii) the election to not include the balance of accrued interest receivable as part of the amortized cost of a loan or security. In May 2019, the FASB issued ASU 2019-05 - Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief. This ASU was issued to allow entities that have certain financial instruments within the scope of ASC 326-20 - Financial Instruments-Credit Losses-Measured at Amortized Cost to make an irrevocable election to elect the fair value option for those instruments in accordance with ASC 825 – Financial Instruments upon the adoption of ASC 326, which for the Company was January 1, 2023. The fair value option is not applicable to held-to-maturity debt securities. Entities are required to make this election on an instrument-by-instrument basis. The Company did not elect the fair value option for any of its financial assets upon the adoption of ASC 326. 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 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. The FASB issued this ASU in response to feedback the FASB received from various stakeholders in its post-implementation review process related to the issuance of ASU 2016-13. The amendments in this ASU include the elimination of accounting guidance for troubled debt restructurings (“TDRs”) in Subtopic 310-40 – Receivables-Troubled Debt Restructurings by Creditors, and introduce new disclosures and enhance existing disclosures concerning certain loan refinancings and restructurings when a borrower is experiencing financial difficulty. Under the provisions of this ASU, an entity must determine whether a modification results in a new loan or the continuation of an existing loan. Further, the amendments in this ASU require that an entity disclose current period gross charge-offs on financing receivables within the scope of ASC 326 by year of origination and class of financing receivable. The amendments in this ASU became effective for the Company on January 1, 2023, for all interim and annual periods. The adoption of the provisions in this ASU are applied prospectively and have resulted in additional disclosures concerning modifications of loans to borrowers experiencing financial difficulty, as well as disaggregated disclosure of charge-offs on loans. Accounting Pronouncements Yet to Be Adopted In March 2023, the FASB issued ASU 2023-02 – Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method, a Consensus of the Emerging Issues Task Force. The amendments in this ASU allow the option for an entity to apply the proportional amortization method of accounting to other equity investments that are made for the primary purpose of receiving tax credits or other income tax benefits, if certain conditions are met. Prior to this ASU, the application of the proportional amortization method of accounting was limited to investments in low-income housing tax credit structures. The proportional amortization method of accounting results in the amortization of applicable investments, as well as the related income tax credits or other income tax benefits received, being presented on a single line in the consolidated statements of operations and comprehensive loss (within income tax expense). Under this ASU, an entity has the option to apply the proportional amortization method of accounting to applicable investments on a tax-credit-program-by-tax-credit-program basis. In addition, the amendments in this ASU require that all tax equity investments accounted for using the proportional amortization method use the delayed equity contribution guidance in paragraph 323-740-25-3, requiring a liability be recognized for delayed equity contributions that are unconditional and legally binding or for equity contributions that are contingent upon a future event when that contingent event becomes probable. Under this ASU, low-income housing tax credit investments for which the proportional amortization method is not applied can no longer be accounted for using the delayed equity contribution guidance. Further, this ASU specifies that impairment of low-income housing tax credit investments not accounted for using the equity method must apply the impairment guidance in Topic 323 – Investments-Equity Method and Joint Ventures. This ASU also clarifies that for low-income housing tax credit investments not accounted for under the proportional amortization method or the equity method, an entity shall account for them under Topic 321 – Investments-Equity Securities. The amendments in this ASU also require additional disclosures in interim and annual periods concerning investments for which the proportional amortization method is applied, including the nature of tax equity investments and the effect of tax equity investments and related income tax credits and other income tax benefits on the consolidated statements of financial position and results of operations. The provisions of this ASU are effective for the Company for interim and annual periods beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07 – Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The new ASU adds required disclosure of significant segments expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, as well as the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance. The ASU also clarifies that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance, an entity may report one or more of those additional measures of segment profit; however, at least one of the reported segment profit or loss measures should be the measure that is most consistent with the measurement principals used in measuring the corresponding amounts in the entity’s consolidated financial statements. Finally, the new ASU requires that an entity that has only one reportable segment provide all of the disclosures required by this ASU and all existing segment disclosures in Topic 280. The provisions of this ASU are effective, on a prospective basis, for the Company for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments in this ASU will not affect the Company’s consolidated statements of financial condition or consolidated statements of operations and comprehensive loss; however, the required disclosures will be added to the Company’s consolidated financial statements after the ASU is adopted. In December 2023, the FASB issued ASU 2023-09 – Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in this ASU address investor requests for more transparency about income tax information through improvements to income tax disclosures. The ASU enhances existing requirements that an entity disclose a tabular reconciliation, using both reporting currency amounts and percentages, of the entity’s reported income tax expense and the amount computed by multiplying income from continuing operations before income taxes by the applicable statutory Federal income tax rate by including specific categories in the rate reconciliation table and requiring additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5% of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). The ASU also includes requirements to disclose the amount of income taxes paid (net of refunds received) disaggregated by Federal, state, and foreign taxes and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid are equal to or greater than 5% of total income taxes paid. The amendments in this ASU are effective, on a prospective basis, for annual periods beginning after December 31, 2024. Early adoption is permitted. The amendments in this ASU will not affect the Company’s consolidated statements of financial condition or consolidated statements of operations and comprehensive loss; however, the required disclosures will be added to the Company’s consolidated financial statements after the ASU is adopted.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Impact of ASC 326 Adoption	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 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

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 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 at December 31, 2023 and December 31, 2022 and the corresponding amounts of unrealized gains (losses) which are recognized in accumulated other comprehensive income (loss): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) December 31, 2023: Federal agency mortgage-backed securities $ 76,091 $ 3 $ (9,316 ) $ 66,778 Federal agency Collateralized Mortgage Obligations “CMOs” 24,720 – (1,381 ) 23,339 Federal agency debt 50,893 – (3,057 ) 47,836 Municipal bonds 4,833 – (460 ) 4,373 U. S. Treasuries 167,055 – (3,175 ) 163,880 SBA pools 12,386 4 (1,646 ) 10,744 Total available-for-sale securities $ 335,978 $ 7 $ (19,035 ) $ 316,950 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 December 31, 2023, by contractual maturities are shown below. Contractual maturities may differ from expected maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 103,441 $ – $ (1,179 ) $ 102,262 Due after one year through five years 119,530 – (5,231 ) 114,299 Due after five years through ten years 29,078 2 (1,802 ) 27,278 Due after ten years (1) 83,929 5 (10,823 ) 73,111 $ 335,978 $ 7 $ (19,035 ) $ 316,950 (1) Mortgage-backed securities, CMOs and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.
Securities in Continuous Unrealized Loss Position	The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2023: (In thousands) Federal agency mortgage-backed securities $ – $ – $ 66,575 $ (9,316 ) $ 66,575 $ (9,316 ) Federal agency CMOs – – 23,339 (1,381 ) 23,339 (1,381 ) Federal agency debt 3,018 (37 ) 44,818 (3,020 ) 47,836 (3,057 ) Municipal bonds – – 4,373 (460 ) 4,373 (460 ) U. S. Treasuries – – 163,880 (3,175 ) 163,880 (3,175 ) SBA pools 286 (1 ) 9,439 (1,645 ) 9,725 (1,646 ) Total $ 3,304 $ (38 ) 312,424 $ (18,997 ) $ 315,728 $ (19,035 ) 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 $ 235,668 $ (11,785 ) $ 87,969 $ (12,832 ) $ 323,637 $ (24,617 )

Loans Receivable Held for Inv_2

Loans Receivable Held for Investment (Tables)	12 Months Ended
	Dec. 31, 2023
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Loans receivable held for investment were as follows as of the periods indicated: December 31, 2023 December 31, 2022 (In thousands) Real estate: Single-family $ 24,702 $ 30,038 Multi-family 561,447 502,141 Commercial real estate 119,436 114,574 Church 12,717 15,780 Construction 89,887 40,703 Commercial – other 63,450 64,841 SBA loans (1) 14,954 3,601 Consumer 13 11 Gross loans receivable before deferred loan costs and premiums 886,606 771,689 Unamortized net deferred loan costs and premiums 1,971 1,755 888,577 773,444 Credit and interest marks on purchased loans, net (772 ) (1,010 ) Allowance for credit losses (2) (7,348 ) (4,388 ) Loans receivable, net $ 880,457 $ 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.
Activity in Allowance for Credit Losses on Loans and Activity in Allowance for Loan Losses by Loan Type	The following table summarizes the activity in the allowance for credit losses on loans for the period indicated: For the Year Ended December 31, 2023 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (Recapture) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single-family $ 109 $ 214 $ – $ – $ (63 ) $ 260 Multi-family 3,273 603 – 109 428 4,413 Commercial real estate 449 466 – 107 72 1,094 Church 65 37 – – (30 ) 72 Construction 313 219 – – 400 932 Commercial - other 175 254 – – 100 529 SBA loans – 20 – – 28 48 Consumer 4 (4 ) – – – – Total $ 4,388 $ 1,809 $ – $ 216 $ 935 $ 7,348 The following table presents the activity in the allowance for loan losses by loan type for the period indicated: For the Year Ended December 31, 2022 Real Estate Single- family Multi‑ family Commercial real estate Church Construction Commercial– other Consumer Total (In thousands) Beginning balance $ 145 $ 2,657 $ 236 $ 103 $ 212 $ 23 $ 15 $ 3,391 Provision for (recapture of) loan losses (36 ) 616 213 (38 ) 101 152 (11 ) 997 Recoveries – – – – – – – – Loans charged off – – – – – – – – Ending balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388
Collateral Dependent Loans by Collateral Type	The following table presents collateral dependent loans by collateral type as of the date indicated: December 31, 2023 Single-Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single-family $ 45 $ – $ – $ – $ 45 Multi-family – 5,672 – – 5,672 Commercial real estate – – 65 – 65 Church – – 391 – 391 Commercial – other – – – 268 268 Total $ 45 $ 5,672 $ 456 $ 268 $ 6,441
Carrying Amount of Purchased Credit Deteriorated Loans	The carrying amount of those loans was as follows: December 31, 2023 December 31, 2022 (In thousands) Real estate: Single-family $ – $ 68 Commercial real estate – – Commercial – other 47 57 $ 47 $ 125
Discount on Purchased Credit Deteriorated Loans	The following table summarizes the discount on the PCD loans for the periods indicated: December 31, 2023 December 31, 2022 (In thousands) Balance at the beginning of the period $ 27 $ 289 Deductions due to payoffs (13 ) – Accretion (12 ) (262 ) Balance at the end of the period $ 2 $ 27
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‑ family Commercial real estate Church Construction Commercial– other Consumer Total (In thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 3 $ – $ – $ 4 $ – $ – $ – $ 7 Collectively evaluated for impairment 106 3,273 449 61 313 175 4 4,381 Total ending allowance balance $ 109 $ 3,273 $ 449 $ 65 $ 313 $ 175 $ 4 $ 4,388 Loans: Loans individually evaluated for impairment $ 57 $ – $ – $ 1,655 $ – $ – $ – $ 1,712 Loans collectively evaluated for impairment 20,893 462,539 63,929 9,008 38,530 29,558 11 624,468 Subtotal 20,950 462,539 63,929 10,663 38,530 29,558 11 626,180 Loans acquired in the Merger 9,088 41,357 50,645 5,117 2,173 38,884 – 147,264 Total ending loans balance $ 30,038 $ 503,896 $ 114,574 $ 15,780 $ 40,703 $ 68,442 $ 11 $ 773,444
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 period indicated: December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated (In thousands) With no related allowance recorded: Multi-family $ – $ – $ – 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 table presents the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the periods indicated: For the Year Ended December 31, 2022 Average Recorded Investment Cash Basis Interest Income Recognized (In thousands) Single-family $ 83 $ 3 Multi-family – – Church 2,381 103 Total $ 2,464 $ 106
Aging of Recorded Investment in Past Due Loans by Loan Type	The following tables present the aging of the recorded investment in past due loans by loan type as of the periods indicated: December 31, 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: Real estate: Single-family $ – $ – $ – $ – $ 24,702 $ 24,702 Multi-family – 401 – 401 563,017 563,418 Commercial real estate – – – – 119,436 119,436 Church – – – – 12,717 12,717 Construction – – – – 89,887 89,887 Commercial - other – – – – 63,450 63,450 SBA loans 379 – – 379 14,575 14,954 Consumer – – – – 13 13 Total $ 379 $ 401 $ – $ 780 $ 887,797 $ 888,577 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: Real estate: 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 periods indicated: December 31, 2023 December 31, 2022 Loans receivable held for investment: (In thousands) 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 December 31, 2023: Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Total (In thousands) Single-family: Pass $ – $ 2,474 $ 1,862 $ 2,940 $ 1,485 $ 12,374 $ – $ 21,135 Watch – – 750 – – 999 – 1,749 Special Mention – – – – – 116 – 116 Substandard – – – 1,365 – 337 – 1,702 Total $ – $ 2,474 $ 2,612 $ 4,305 $ 1,485 $ 13,826 $ – $ 24,702 Multi-family: Pass $ 81,927 $ 183,295 $ 145,652 $ 27,356 $ 44,511 $ 47,119 $ – $ 529,860 Watch – 4,686 6,203 – 1,186 6,474 – 18,549 Special Mention – – 899 – – 1,344 – 2,243 Substandard – – – – 363 12,403 – 12,766 Total $ 81,927 $ 187,981 $ 152,754 $ 27,356 $ 46,060 $ 67,340 $ – $ 563,418 Commercial real estate: Pass $ 9,881 $ 22,131 $ 26,019 $ 24,684 $ 6,718 $ 15,106 $ – $ 104,539 Watch – 442 – 5,286 – 2,599 – 8,327 Special Mention – – – – 325 – – 325 Substandard – – – $ – $ – 6,245 – $ 6,245 Total $ 9,881 $ 22,573 $ 26,019 $ 29,970 $ 7,043 $ 23,950 $ – $ 119,436 Church: Pass $ 2,923 $ – $ 2,210 $ 1,748 $ – $ 2,704 $ – $ 9,585 Watch – – – – 636 1,525 – 2,161 Special Mention – – – – – – – – Substandard – – – – – 971 – 971 Total $ 2,923 $ – $ 2,210 $ 1,748 $ 636 $ 5,200 $ – $ 12,717 Construction: Pass $ – $ 1,109 $ 1,198 $ – $ – $ – $ – $ 2,307 Watch 42,300 35,179 5,484 – – 2,097 – 85,060 Special Mention – – 2,520 – – – – 2,520 Substandard – – – – – – – – Total $ 42,300 $ 36,288 $ 9,202 $ – $ – $ 2,097 $ – $ 89,887 Commercial – other: Pass $ 15,000 $ 9,077 $ 87 $ 5,600 $ – $ 25,154 $ – $ 54,918 Watch – 312 – 1,500 6,550 – – 8,362 Special Mention – – 170 – – – – 170 Substandard – – – – – – – – Total $ 15,000 $ 9,389 $ 257 $ 7,100 $ 6,550 $ 25,154 $ – $ 63,450 SBA: Pass $ 11,809 $ 109 $ 2,453 $ – $ 16 $ 100 $ – $ 14,487 Watch – – – – – – – – Special Mention – – – 467 – – – 467 Substandard – – – – – – – – Total $ 11,809 $ 109 $ 2,453 $ 467 $ 16 $ 100 $ – $ 14,954 Consumer: Pass $ 13 $ – $ – $ – $ – $ – $ – $ 13 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – – – – – Total $ 13 $ – $ – $ – $ – $ – $ – $ 13 Total loans: Pass $ 121,553 $ 218,195 $ 179,481 $ 62,328 $ 52,730 $ 102,557 $ – $ 736,844 Watch 42,300 40,619 12,437 6,786 8,372 13,694 – 124,208 Special Mention – – 3,589 467 325 1,460 – 5,841 Substandard – – – 1,365 363 19,956 – 21,684 Total loans $ 163,853 $ 258,814 $ 195,507 $ 70,946 $ 61,790 $ 137,667 $ – $ 888,577 Based on the most recent analysis performed, the risk categories of loans by loan type as of the dates indicated were as follows: December 31, 2022 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Single-family $ 29,022 $ 354 $ 260 $ 402 $ – $ – $ 30,038 Multi-family 479,182 9,855 14,859 – – – 503,896 Commercial real estate 104,066 4,524 1,471 4,513 – – 114,574 Church 14,505 728 – 547 – – 15,780 Construction 2,173 38,530 – – – – 40,703 Commercial – others 53,396 11,157 – 288 – – 64,841 SBA 3,032 569 – – – – 3,601 Consumer 11 – – – – – 11 Total $ 685,387 $ 65,717 $ 16,590 $ 5,750 $ – $ – $ 773,444

Office Properties and Equipme_2

Office Properties and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2023
Office Properties and Equipment, net [Abstract]
Office Properties and Equipment	Year‑end office properties and equipment were as follows: December 31, 2023 December 31, 2022 (In thousands) Land $ 5,322 $ 5,322 Office buildings and improvements 6,433 6,303 Right of use assets 655 889 Furniture, fixtures, and equipment 2,318 2,185 14,728 14,699 Less accumulated depreciation (4,888 ) (4,408 ) Office properties and equipment, net $ 9,840 $ 10,291

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Additional Information Related to Operating Leases	Additional information regarding our operating leases is summarized below for the periods indicated (dollars in thousands): Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities for operating leases: $ 242 $ 229 ROU assets obtained in exchange for lease liabilities – – Weighted average remaining lease term in months 33 45 Weighted average discount rate 1.1 % 1.1 %
Future Minimum Lease Payments for Operating Lease	The future minimum payments for operating leases with remaining terms of one year or more as of December 31, 2023 were as follows (in thousands): Year ended December 31, 2024 $ 242 Year ended December 31, 2025 242 Year ended December 31, 2026 181 Total future minimum lease payments 665 Amounts representing interest (10 ) Present value of net future minimum lease payments $ 655

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	12 Months Ended
	Dec. 31, 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 year ended December 31, 2023 and 2022: December 31, 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 – (390 ) Balance at the end of the period $ 25,858 $ 2,111 December 31, 2022 Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,996 $ 2,936 Additions – – Change in deferred tax estimate (138 ) – Amortization – (435 ) Balance at the end of the period $ 25,858 $ 2,501
Components of Carrying Value and Accumulated Amortization of Core Deposit Intangible	The deposit intangible consisted of the following at December 31, 2023 and 2022: December 31, 2023 December 31, 2022 (In thousands) Core deposit intangible acquired $ 3,329 $ 3,329 Less: accumulated amortization (1,218 ) (828 ) $ 2,111 $ 2,501
Estimated Amortization Expense for Core Deposit Intangible	The following table outlines the estimated amortization expense related to the core deposit intangible during the next five fiscal years: (In thousands) 2024 $ 336 2025 315 2026 304 2027 291 2028 279 Thereafter 586 $ 2,111

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2023 Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 66,778 $ – $ 66,778 Federal agency CMOs – 23,339 – 23,339 Federal agency debt – 47,836 – 47,836 Municipal bonds – 4,373 – 4,373 U.S. Treasuries 163,880 – – 163,880 SBA pools – 10,744 – 10,744 At December 31, 2022 Securities available-for-sale: Federal agency mortgage-backed $ – $ 74,169 $ – $ 74,169 Federal agency CMO – 26,100 – 26,100 Federal agency debt – 51,425 – 51,425 Municipal bonds – 4,197 – 4,197 U.S. Treasuries 160,589 – – 160,589 SBA pools – 12,269 – 12,269
Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments as of the periods indicated were as follows: Carrying Fair Value Measurements at December 31, 2023 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 105,195 $ 105,195 $ – $ – $ 105,195 Securities available-for-sale 316,950 163,880 153,070 – 316,950 Loans receivable held for investment 880,457 – – 746,539 746,539 Accrued interest receivable 4,938 306 1,301 3,331 4,938 Bank owned life insurance 3,275 3,275 – – 3,275 Financial Liabilities: Deposits $ 682,635 $ – $ 536,171 $ – $ 536,171 FHLB advances 209,319 – 208,107 – 208,107 Securities sold under agreements to repurchase 73,475 – 72,597 – 72,597 Bank Term Funding Program borrowing 100,000 – 100,000 – 100,000 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 1,420 – 1,420 – 1,420 Carrying Fair Value Measurements at December 31, 2022 Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 16,105 $ 16,105 $ – $ – $ 16,105 Securities available-for-sale 328,749 160,589 168,160 – 328,749 Loans receivable held for investment 768,046 – – 641,088 641,088 Accrued interest receivable 3,973 442 793 2,738 3,973 Bank owned life insurance 3,233 3,233 – – 3,233 Financial Liabilities: Deposits $ 686,916 $ – $ 673,615 $ – $ 673,615 FHLB advances 128,344 – 126,328 – 126,328 Securities sold under agreements to repurchase 63,471 – 60,017 – 60,017 Note payable 14,000 – – 14,000 14,000 Accrued interest payable 453 – 453 – 453

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Deposits are summarized as follows: December 31, 2023 December 31, 2022 (In thousands) Interest checking and other demand deposits $ 219,138 $ 244,562 Non‑interest-bearing demand deposits 107,891 89,779 Money market deposits 127,590 155,200 Savings deposits 59,981 62,322 Certificates of deposit 168,035 135,053 Total $ 682,635 $ 686,916
Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit for the next five years are as follows: Maturity Amount (In thousands) 2024 $ 141,705 2025 20,002 2026 6,000 2027 178 2028 10 Thereafter 140 $ 168,035

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Borrowings [Abstract]
Information Regarding FHLB Advances	The following table summarizes information relating to FHLB advances at or for the periods indicated: At or For the Year Ended December 31, 2023 2022 (Dollars in thousands) FHLB Advances: Average balance outstanding during the year $ 177,261 $ 61,593 Maximum amount outstanding at any month‑end during the year $ 210,242 $ 128,823 Balance outstanding at end of year $ 209,319 $ 128,344 Weighted average interest rate at end of year 4.91 % 3.74 % Average cost of advances during the year 4.70 % 1.74 % Weighted average maturity (in months) 2 7
Scheduled Maturities of FHLB Advances	Scheduled maturities of FHLB advances are as follows: Amount (In thousands) 2024 $ 176,638 2025 32,681 $ 209,319

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Employee Benefit Plans [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: December 31, 2023 December 31, 2022 (Dollars in thousands) Allocated to participants 134,444 132,188 Committed to be released 28,669 1,237 Suspense shares 458,829 118,561 Total ESOP shares 621,942 251,986 Fair value of unearned shares $ 4,217 $ 1,016

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Income Tax Expense	Income tax expense was as follows: 2023 2022 (In thousands) Current Federal $ 300 $ 700 State 398 218 Deferred Federal 1,046 944 State 241 551 Total $ 1,985 $ 2,413
Effective Income Tax Rate Reconciliation	Effective tax rates differ from the federal statutory rate of 21% applied to income before income taxes due to the following: 2023 2022 (In thousands) Federal statutory rate times pre-tax net income $ 1,370 $ 1,705 Effect of: State taxes, net of federal benefit 512 623 Earnings from bank owned life insurance (9 ) (9 ) Low-income housing credits – (6 ) Change in valuation allowance 80 – Tax effect of stock-based compensation 14 25 Other, net 18 75 Total $ 1,985 $ 2,413
Deferred Tax Assets and Liabilities	Year‑end deferred tax assets and liabilities were due to the following: 2023 2022 (In thousands) Deferred tax assets: Allowance for credit losses $ 2,008 $ 1,063 Accrued liabilities 580 555 State income taxes 30 45 Stock compensation 196 226 Net operating loss carryforward 1,982 2,616 Partnership investment 340 257 General business credit 1,962 1,962 Alternative minimum tax credit 11 5 Net unrealized loss on securities available-for-sale 5,815 7,388 Right of use liability 196 266 Fair value adjustment on acquired loans 223 291 Other 212 332 Total deferred tax assets 13,555 15,006 Less: valuation allowance (449 ) (369 ) Total deferred tax assets , net of valuation allowance 13,106 14,637 Deferred tax liabilities: Section 481 adjustments to bad debts – (7 ) Deferred loan fees/costs (1,743 ) (776 ) Basis difference on fixed assets (748 ) (723 ) FHLB stock dividends (98 ) (90 ) Nonaccrual loan interest – (8 ) Prepaid expenses (180 ) (186 ) Right of use assets (189 ) (256 ) Core deposit intangibles (610 ) (719 ) Total deferred tax liabilities (3,568 ) (2,765 ) Net deferred tax assets $ 9,538 $ 11,872

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	The following table summarizes stock option activity during the year ended December 31, 2023: 2023 Number Outstanding Weighted Average Exercise Price Outstanding at beginning of year 31,250 $ 12.96 Granted during the year – – Exercised during the year – – Forfeited or expired during the year – – Outstanding at end of year 31,250 $ 12.96 Exercisable at end of year 31,250 $ 12.96
Options Outstanding and Exercisable	Options outstanding and exercisable at year‑end 2023 were as follows: Outstanding Exercisable Grant Date Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value February 24, 2016 31,250 $ 12.96 31,250 $ 12.96 31,250 2.13 years $ 12.96 $ – 31,250 $ 12.96 $ –
Summary of Restricted Stock Unit Activity	A summary of restricted stock unit activity for the year ended December 31, 2023 is as follows: Restricted Stock Units (In thousands) Weighted Average Grant Date Fair Value Remaining Contractual Life (months) Unvested at December 31, 2022 52,949 12.24 43 Granted during period 92,720 $ 8.56 52 Vested during period 11,848 – – Forfeited or expired during period (19,290 ) – – Unvested at December 31, 2023 114,531 $ 9.12 39

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
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) December 31, 2023 Community Bank Leverage Ratio $ 185,773 14.97 % $ 111,696 9.00 % December 31, 2022 Community Bank Leverage Ratio $ 181,304 15.75 % $ 103,591 9.00 %

Loan Commitments and Other Re_2

Loan Commitments and Other Related Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Loan Commitments and Other Related Activities [Abstract]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk	The contractual amounts of financial instruments with off‑balance‑sheet risk at year‑end were as follows: 2023 2022 (In thousands) Commitments to make loans $ 7,560 $ 15,160 Unfunded construction loans 42,678 27,811 Unused lines of credit – variable rates 3,302 13,341

Parent Company Only Condensed_2

Parent Company Only Condensed Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Parent Company Only Condensed Financial Information [Abstract]
Condensed Balance Sheet	Condensed financial information of Broadway Financial Corporation follows: Condensed Balance Sheets December 31, 2023 2022 (In thousands) Assets Cash and cash equivalents $ 77,457 $ 84,015 Investment in bank subsidiary 200,830 192,977 Other assets 4,003 2,725 Total assets $ 282,290 $ 279,717 Liabilities and stockholders’ equity Accrued expenses and other liabilities $ 387 $ 235 Stockholders’ equity 281,903 279,482 Total liabilities and stockholders’ equity $ 282,290 $ 279,717
Condensed Statements of Income	Condensed Statements of Income Years Ended December 31, 2023 2022 (In thousands) Interest income $ 268 $ 88 Interest expense – – Other expense (1,099 ) (877 ) Income (loss) before income tax and undistributed subsidiary income (831 ) (789 ) Income tax benefits 196 85 Equity in undistributed subsidiary income 5,149 6,340 Net income $ 4,514 $ 5,636
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years Ended December 31, 2023 2022 (In thousands) Cash flows from operating activities Net income $ 4,514 $ 5,636 Adjustments to reconcile net loss to net cash used in operating activities: Equity in undistributed subsidiary income (5,149 ) (6,340 ) Change in other assets (1,222 ) 1,196 Change in accrued expenses and other liabilities 152 (348 ) Net cash (used in) provided by operating activities (1,705 ) 144 Cash flows from investing activities Capital distribution to bank subsidiary – (75,000 ) Net cash used in investing activities – (75,000 ) Cash flows from financing activities Share repurchase - FDIC (1,781 ) – Proceeds from issuance of preferred stock – 150,000 Increase in unreleased ESOP shares (3,400 ) (500 ) Proceeds from repayment of ESOP loan 328 66 Net cash (used in) provided by financing activities (4,853 ) 149,566 Net change in cash and cash equivalents (6,558 ) 74,710 Beginning cash and cash equivalents 84,015 9,305 Ending cash and cash equivalents $ 77,457 $ 84,015

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Common Share [Abstract]
Factors Used in Earnings Per Common Share Computation	The factors used in the earnings per common share computation follow: 2023 2022 (Dollars in thousands, except share and per share) Net income attributable to Broadway Financial Corporation $ 4,514 $ 5,636 Less net income attributable to participating securities 59 27 Income available to common stockholders $ 4,455 $ 5,609 Weighted average common shares outstanding for basic earnings per common share 8,627,071 9,051,128 Add: dilutive effects of unvested restricted stock awards 114,599 51,737 Weighted average common shares outstanding for diluted earnings per common share 8,741,670 9,102,865 Earnings per common share - basic $ 0.52 $ 0.62 Earnings per common share - diluted $ 0.51 $ 0.62

Summary of Significant Accoun_4

Summary of Significant Accounting Policies, Nature of Operations and Principles of Consolidation (Details)	Dec. 31, 2023 Office
Summary of Significant Accounting Policies [Abstract]
Number of retail-banking offices	3

Summary of Significant Accoun_5

Summary of Significant Accounting Policies, Out of Period Adjustments (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Out of Period Adjustments [Abstract]
Prior period adjustments	$ 8	$ 8

Summary of Significant Accoun_6

Summary of Significant Accounting Policies, Investment Securities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investment Securities [Abstract]
Allowance for credit losses on available-for-sale securities	$ 0	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies, Loans Receivable Held for Investment (Details)	12 Months Ended
	Dec. 31, 2023
Loans Receivable Held for Investment [Abstract]
Delinquency period for interest income to be discontinued on loans	90 days

Summary of Significant Accoun_8

Summary of Significant Accounting Policies, Business Combinations (Details)	12 Months Ended
	Dec. 31, 2023
Core Deposit Intangible [Member]
Business Combinations [Abstract]
Estimated useful life	10 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies, Office Properties and Equipment (Details)	Dec. 31, 2023
Office Buildings and Improvements [Member] | Minimum [Member]
Office Properties and Equipment [Abstract]
Useful life	10 years
Office Buildings and Improvements [Member] | Maximum [Member]
Office Properties and Equipment [Abstract]
Useful life	40 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Office Properties and Equipment [Abstract]
Useful life	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Office Properties and Equipment [Abstract]
Useful life	10 years

Summary of Significant Accou_10

Summary of Significant Accounting Policies, Investment in Affordable Housing Limited Partnership (Details)	12 Months Ended
	Dec. 31, 2023
Affordable Housing Limited Partnership [Member] | Maximum [Member]
Investment in Affordable Housing Limited Partnership [Abstract]
Ownership interest	5%

Summary of Significant Accou_11

Summary of Significant Accounting Policies, Operating Segments (Details) - Segment	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Segments [Abstract]
Number of reportable business segments	1	1

Summary of Significant Accou_12

Summary of Significant Accounting Policies, Allowance for Credit Losses (Details) - USD ($)	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Assets [Abstract]
Allowance for credit losses on available-for-sale securities	$ 0		$ 0
Allowance for credit losses on loans	7,348,000	[1]	4,388,000	[1]	$ 3,391,000
Deferred tax assets	9,538,000		11,872,000
Liabilities [Abstract]
Allowance for credit losses on off-balance sheet exposures	364,000		412,000
Stockholders' equity [Abstract]
Retained earnings	$ 12,552,000		9,294,000
Impact of CECL Adoption [Member]
Assets [Abstract]
Allowance for credit losses on loans			1,809,000
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			1,809,000
Deferred tax assets			508,000
Liabilities [Abstract]
Allowance for credit losses on off-balance sheet exposures			(45,000)
Stockholders' equity [Abstract]
Retained earnings			(1,256,000)
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			6,197,000
Deferred tax assets			12,380,000
Liabilities [Abstract]
Allowance for credit losses on off-balance sheet exposures			367,000
Stockholders' equity [Abstract]
Retained earnings			$ 8,038,000
[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.

Capital (Details)

Capital (Details) $ / shares in Units, $ in Millions				3 Months Ended	12 Months Ended
	Nov. 01, 2023	Oct. 31, 2023 $ / shares shares	Jun. 07, 2022 USD ($) $ / shares shares	Mar. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2023 $ / shares	Dec. 31, 2021	Dec. 31, 2022 $ / shares
Private Placement [Abstract]
Reverse stock split ratio	0.125	0.125				0.125
Percentage of purchased shares of total common equity		2.60%
Purchase price (in dollar per share)		$ 7.276
Period for volume weighted average price		20 days
Maximum [Member]
Private Placement [Abstract]
Percentage of purchased shares of total voting shares prior to purchase		4%
Non-Cumulative Perpetual Preferred Stock, Series C [Member]
Private Placement [Abstract]
Preferred stock, par value (in dollars per share)			$ 0.01
Shares issued (in shares) | shares			150,000
Aggregate purchase price | $			$ 150
Preferred stock, liquidation value (in dollars per share)			$ 1,000		$ 1,000		$ 1,000
Preferred initial dividend rate for first two years after issuance			0%
Preferred stock, period for initial dividend rate					2 years
Floor dividend rate			0.50%
Ceiling dividend rate			2%
Cumulative Redeemable Perpetual Preferred Stock, Series A [Member]
Private Placement [Abstract]
Preferred stock, aggregate liquidation value | $				$ 3
Common Class A [Member]
Private Placement [Abstract]
Common stock, shares issued upon conversion from preferred stock (in shares) | shares				149,164
Exchange price (in dollars per share)				$ 20.08
Common stock, par value (in dollars per share)		$ 0.01
Common Class B [Member]
Private Placement [Abstract]
Common stock, par value (in dollars per share)		0.01
Common Class C [Member]
Private Placement [Abstract]
Common stock, par value (in dollars per share)		$ 0.01
Class A Voting Common Stock [Member]
Private Placement [Abstract]
Common stock, par value (in dollars per share)					$ 0.01		$ 0.01
Shares purchased (in shares) | shares		244,771

Securities, Available-for-Sale

Securities, Available-for-Sale Investment Securities Portfolios (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 335,978	$ 353,329
Gross unrealized gains	7	37
Gross unrealized losses	(19,035)	(24,617)
Fair value	316,950	328,749
Securities [Abstract]
Sales of securities	0	0
Federal Agency Mortgage-backed Securities [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	76,091	84,955
Gross unrealized gains	3	2
Gross unrealized losses	(9,316)	(10,788)
Fair value	66,778	74,169
Federal Agency Collateralized Mortgage Obligations "CMOs" [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	24,720	27,776
Gross unrealized gains	0	0
Gross unrealized losses	(1,381)	(1,676)
Fair value	23,339	26,100
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	50,893	55,687
Gross unrealized gains	0	26
Gross unrealized losses	(3,057)	(4,288)
Fair value	47,836	51,425
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	4,833	4,866
Gross unrealized gains	0	0
Gross unrealized losses	(460)	(669)
Fair value	4,373	4,197
U.S. Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	167,055	165,997
Gross unrealized gains	0	0
Gross unrealized losses	(3,175)	(5,408)
Fair value	163,880	160,589
SBA Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	12,386	14,048
Gross unrealized gains	4	9
Gross unrealized losses	(1,646)	(1,788)
Fair value	$ 10,744	$ 12,269

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Available for sale, amortized cost [Abstract]
Due in one year or less		$ 103,441
Due after one year through five years		119,530
Due after five years through ten years		29,078
Due after ten years	[1]	83,929
Amortized cost		335,978	$ 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		2
Due after ten years	[1]	5
Gross unrealized gains		7	37
Available for sale, gross unrealized losses [Abstract]
Due in one year or less		(1,179)
Due after one year through five years		(5,231)
Due after five years through ten years		(1,802)
Due after ten years	[1]	(10,823)
Gross unrealized losses		(19,035)	(24,617)
Available for sale, fair value [Abstract]
Due in one year or less		102,262
Due after one year through five years		114,299
Due after five years through ten years		27,278
Due after ten years	[1]	73,111
Fair value		$ 316,950	$ 328,749
[1]Mortgage-backed securities, CMOs and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.

Securities, Unrealized Loss Pos

Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 3,304	$ 235,668
More than 12 months, fair value	312,424	87,969
Total, fair value	315,728	323,637
Less than 12 months, unrealized losses	(38)	(11,785)
More than 12 months, unrealized losses	(18,997)	(12,832)
Total, unrealized losses	(19,035)	(24,617)
Federal Agency Mortgage-backed Securities [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	38,380
More than 12 months, fair value	66,575	35,526
Total, fair value	66,575	73,906
Less than 12 months, unrealized losses	0	(4,807)
More than 12 months, unrealized losses	(9,316)	(5,981)
Total, unrealized losses	(9,316)	(10,788)
Federal Agency Collateralized Mortgage Obligations "CMOs" [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	20,997
More than 12 months, fair value	23,339	5,103
Total, fair value	23,339	26,100
Less than 12 months, unrealized losses	0	(885)
More than 12 months, unrealized losses	(1,381)	(791)
Total, unrealized losses	(1,381)	(1,676)
Federal Agency Debt [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	3,018	26,383
More than 12 months, fair value	44,818	21,956
Total, fair value	47,836	48,339
Less than 12 months, unrealized losses	(37)	(1,529)
More than 12 months, unrealized losses	(3,020)	(2,759)
Total, unrealized losses	(3,057)	(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	4,373	2,021
Total, fair value	4,373	4,197
Less than 12 months, unrealized losses	0	(315)
More than 12 months, unrealized losses	(460)	(354)
Total, unrealized losses	(460)	(669)
U.S. Treasuries [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	143,989
More than 12 months, fair value	163,880	16,600
Total, fair value	163,880	160,589
Less than 12 months, unrealized losses	0	(3,884)
More than 12 months, unrealized losses	(3,175)	(1,524)
Total, unrealized losses	(3,175)	(5,408)
SBA Pools [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	286	3,743
More than 12 months, fair value	9,439	6,763
Total, fair value	9,725	10,506
Less than 12 months, unrealized losses	(1)	(365)
More than 12 months, unrealized losses	(1,645)	(1,423)
Total, unrealized losses	$ (1,646)	$ (1,788)

Securities, Securities with Unr

Securities, Securities with Unrealized Losses, Securities Pledged as Collateral and Holdings of Securities by One Issuer in Amount Greater Than 10% of Stockholders' Equity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities Available-for-Sale [Abstract]
Securities of any one issuer, other than U.S. Government, exceeding 10% of stockholders' equity	$ 0	$ 0
Accrued interest receivable on securities	$ 1.2	$ 1.2
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Securities in nonaccrual status	$ 0	$ 0
Securities purchased with deterioration in credit quality	0	0
Collateral dependent securities	0	0
Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	89	64.4
Federal Reserve for Borrowings under Bank Term Funding Program [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral, at book value	107.3
Securities pledged as collateral	98.3
Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	89	64.4
Asset Pledged as Collateral [Member] | Public Deposits [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	0	0
U.S. Treasuries [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	47.8	19.2
U.S. Treasuries [Member] | Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	47.8	19.2
Federal Agency Debt [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	30.2	33.3
Federal Agency Debt [Member] | Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	30.2	33.3
Federal Agency Mortgage-backed Securities [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	11	11.9
Federal Agency Mortgage-backed Securities [Member] | Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	$ 11	$ 11.9

Loans Receivable Held for Inv_3

Loans Receivable Held for Investment, Summary (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 886,606		$ 771,689
Unamortized net deferred loan costs and premiums		1,971		1,755
Gross loans receivable		888,577		773,444
Credit and interest marks on purchased loans, net		(772)		(1,010)
Allowance for credit losses		(7,348)	[1]	(4,388)	[1]	$ (3,391)
Loans receivable, net		880,457		768,046
Real Estate [Member] | Single-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		24,702		30,038
Gross loans receivable		24,702		30,038
Allowance for credit losses		(260)		(109)		(145)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		561,447		502,141
Gross loans receivable		563,418		503,896
Allowance for credit losses		(4,413)		(3,273)		(2,657)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		119,436		114,574
Gross loans receivable		119,436		114,574
Allowance for credit losses		(1,094)		(449)		(236)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		12,717		15,780
Gross loans receivable		12,717		15,780
Allowance for credit losses		(72)		(65)		(103)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		89,887		40,703
Gross loans receivable		89,887		40,703
Allowance for credit losses		(932)		(313)		(212)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		63,450		64,841
Gross loans receivable				68,442
Allowance for credit losses		(529)		(175)		(23)
Commercial - Other [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 2,500		2,700
Loans receivable, interest rate		1%
Commercial - Other [Member] | PPP Loans [Member] | Minimum [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, term		2 years
Commercial - Other [Member] | PPP Loans [Member] | Maximum [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, term		5 years
SBA Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	[2]	$ 14,954		3,601
Gross loans receivable		14,954		3,601
Allowance for credit losses		(48)		0
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		13		11
Gross loans receivable		13		11
Allowance for credit losses		$ 0		$ (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, Activity in Allowance for Credit Losses on Loans (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		$ 4,388	[1]	$ 3,391
Charge-offs		0		0
Recoveries		216		0
Provision (recapture)		935		997
Ending balance	[1]	7,348		4,388
Real Estate [Member] | Single-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		109		145
Charge-offs		0		0
Recoveries		0		0
Provision (recapture)		(63)		(36)
Ending balance		260		109
Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		3,273		2,657
Charge-offs		0		0
Recoveries		109		0
Provision (recapture)		428		616
Ending balance		4,413		3,273
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		449		236
Charge-offs		0		0
Recoveries		107		0
Provision (recapture)		72		213
Ending balance		1,094		449
Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		65		103
Charge-offs		0		0
Recoveries		0		0
Provision (recapture)		(30)		(38)
Ending balance		72		65
Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		313		212
Charge-offs		0		0
Recoveries		0		0
Provision (recapture)		400		101
Ending balance		932		313
Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		175		23
Charge-offs		0		0
Recoveries		0		0
Provision (recapture)		100		152
Ending balance		529		175
SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		0
Charge-offs		0
Recoveries		0
Provision (recapture)		28
Ending balance		48		0
Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		4		15
Charge-offs		0		0
Recoveries		0		0
Provision (recapture)		0		(11)
Ending balance		0		4
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		1,809
Ending balance				1,809
Cumulative Effect, Period of Adoption, Adjustment [Member] | Real Estate [Member] | Single-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		214
Ending balance				214
Cumulative Effect, Period of Adoption, Adjustment [Member] | Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		603
Ending balance				603
Cumulative Effect, Period of Adoption, Adjustment [Member] | Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		466
Ending balance				466
Cumulative Effect, Period of Adoption, Adjustment [Member] | Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		37
Ending balance				37
Cumulative Effect, Period of Adoption, Adjustment [Member] | Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		219
Ending balance				219
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		254
Ending balance				254
Cumulative Effect, Period of Adoption, Adjustment [Member] | SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		20
Ending balance				20
Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		(4)
Ending balance				(4)
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		$ 1,809
Ending balance				$ 1,809
[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_5

Loans Receivable Held for Investment, Activity in Allowance for Loan Losses by Loan Type (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		$ 4,388	[1]	$ 3,391
Provision (recapture)		935		997
Recoveries		216		0
Charge-offs		0		0
Ending balance	[1]	7,348		4,388
Allowance for credit loss due to loan growth		114,900
Real Estate [Member] | Single-Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		109		145
Provision (recapture)		(63)		(36)
Recoveries		0		0
Charge-offs		0		0
Ending balance		260		109
Real Estate [Member] | Multi-Family [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		3,273		2,657
Provision (recapture)		428		616
Recoveries		109		0
Charge-offs		0		0
Ending balance		4,413		3,273
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		449		236
Provision (recapture)		72		213
Recoveries		107		0
Charge-offs		0		0
Ending balance		1,094		449
Real Estate [Member] | Church [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		65		103
Provision (recapture)		(30)		(38)
Recoveries		0		0
Charge-offs		0		0
Ending balance		72		65
Real Estate [Member] | Construction [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		313		212
Provision (recapture)		400		101
Recoveries		0		0
Charge-offs		0		0
Ending balance		932		313
Commercial - Other [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		175		23
Provision (recapture)		100		152
Recoveries		0		0
Charge-offs		0		0
Ending balance		529		175
Consumer [Member]
Allowance for Loan and Lease Losses by Loan Type [Roll Forward]
Beginning balance		4		15
Provision (recapture)		0		(11)
Recoveries		0		0
Charge-offs		0		0
Ending balance		$ 0		$ 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.

Loans Receivable Held for Inv_6

Loans Receivable Held for Investment, Collateral Dependent Loans by Collateral Type (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Loan	Dec. 31, 2022 USD ($)
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	$ 888,577	$ 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
Reserve for collateral dependent loans	$ 112
Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	6,441
Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	45
Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	5,672
Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	456
Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	268
Real Estate [Member] | Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	24,702	30,038
Real Estate [Member] | Single-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	45
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	45
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Multi-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	563,418	503,896
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	5,672
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	5,672
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Commercial Real Estate [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	119,436	114,574
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	65
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	65
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	12,717	15,780
Real Estate [Member] | Church [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	391
Real Estate [Member] | Church [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Church [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Real Estate [Member] | Church [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	391
Real Estate [Member] | Church [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Commercial - Other [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans		$ 68,442
Commercial - Other [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	268
Commercial - Other [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Commercial - Other [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Commercial - Other [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	0
Commercial - Other [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Recorded total loans	$ 268

Loans Receivable Held for Inv_7

Loans Receivable Held for Investment, Purchased Credit Deteriorated (PCD) Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Loan	Dec. 31, 2022 USD ($)
Purchased Credit Impaired Loans [Abstract]
Number of acquired loans with evidence of credit deterioration of credit quality since origination at acquisition | Loan	0
Loans receivable	$ 880,457	$ 768,046
Purchased Credit Impaired Loans [Member]
Discount on Purchased Credit Deteriorated Loans [Roll Forward]
Balance at the beginning of the period	27	289
Deductions due to payoffs	(13)	0
Accretion	(12)	(262)
Balance at the end of the period	2	27
Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	47	125
Real Estate [Member] | Single-Family [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	0	68
Real Estate [Member] | Commercial Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	0	0
Commercial - Other [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Impaired Loans [Abstract]
Loans receivable	$ 47	$ 57

Loans Receivable Held for Inv_8

Loans Receivable Held for Investment, Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 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	$ 7,348	[1]	4,388	[1]	$ 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	888,577		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	260		109		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	24,702		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	4,413		3,273		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	563,418		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	1,094		449		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	119,436		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	72		65		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	12,717		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	932		313		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	89,887		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	529		175		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		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	$ 13		$ 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_9

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] | Multi-Family [Member]
With No Related Allowance Recorded [Abstract]
Unpaid principal balance	0
Recorded investment	0
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 In_10

Loans Receivable Held for Investment, Average of Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	$ 2,464
Cash basis interest income recognized	106
Real Estate [Member] | Single-Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	83
Cash basis interest income recognized	3
Real Estate [Member] | Multi-Family [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	0
Cash basis interest income recognized	0
Real Estate [Member] | Church [Member]
Loans Individually Evaluated for Impairment by Loan Type and Related Interest Income [Abstract]
Average recorded investment	2,381
Cash basis interest income recognized	$ 103

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	Dec. 31, 2023	Dec. 31, 2022
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 888,577	$ 773,444
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	780	0
30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	379	0
60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	401	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	887,797	773,444
Real Estate [Member] | Single-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	24,702	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	24,702	30,038
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	563,418	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	401	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	401	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	563,017	503,896
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	119,436	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	119,436	114,574
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	12,717	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	12,717	15,780
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	89,887	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	0	0
Real Estate [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Construction [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	89,887	40,703
Commercial - Others [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	63,450	64,841
Commercial - Others [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Others [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Others [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Others [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Others [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	63,450	64,841
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	14,954	3,601
SBA Loans [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	379	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	379	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	14,575	3,601
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	13	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	$ 13	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans			$ 144	$ 0
Loans 90 days or more delinquent that were accruing interest			0	0
Recorded total loans			773,444	888,577
Modifications made to borrowers experiencing financial difficulty	$ 0	$ 0
Foregone interest income			31
Delinquent [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans			0	780
Real Estate [Member] | Single-Family [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans			30,038	24,702
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans			144	0
Recorded total loans			15,780	12,717
Real Estate [Member] | Delinquent [Member] | Single-Family [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans			0	0
Real Estate [Member] | Delinquent [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Recorded total loans			$ 0	$ 0

Loans Receivable Held for In_13

Loans Receivable Held for Investment, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Troubled Debt Restructurings [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 [Abstract]
Loans classified as troubled debt restructurings		144
Accrual Status [Member]
Troubled Debt Restructurings [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	Dec. 31, 2023	Dec. 31, 2022
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	$ 163,853
2022	258,814
2021	195,507
2020	70,946
2019	61,790
Prior	137,667
Revolving Loans	0
Recorded total loans	888,577	$ 773,444
Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	121,553
2022	218,195
2021	179,481
2020	62,328
2019	52,730
Prior	102,557
Revolving Loans	0
Recorded total loans	736,844	685,387
Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	42,300
2022	40,619
2021	12,437
2020	6,786
2019	8,372
Prior	13,694
Revolving Loans	0
Recorded total loans	124,208	65,717
Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	3,589
2020	467
2019	325
Prior	1,460
Revolving Loans	0
Recorded total loans	5,841	16,590
Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	1,365
2019	363
Prior	19,956
Revolving Loans	0
Recorded total loans	21,684	5,750
Real Estate [Member] | Single-Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	2,474
2021	2,612
2020	4,305
2019	1,485
Prior	13,826
Revolving Loans	0
Recorded total loans	24,702	30,038
Real Estate [Member] | Single-Family [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	2,474
2021	1,862
2020	2,940
2019	1,485
Prior	12,374
Revolving Loans	0
Recorded total loans	21,135	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
2022	0
2021	750
2020	0
2019	0
Prior	999
Revolving Loans	0
Recorded total loans	1,749	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
2022	0
2021	0
2020	0
2019	0
Prior	116
Revolving Loans	0
Recorded total loans	116	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
2022	0
2021	0
2020	1,365
2019	0
Prior	337
Revolving Loans	0
Recorded total loans	1,702	402
Real Estate [Member] | Multi-Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	81,927
2022	187,981
2021	152,754
2020	27,356
2019	46,060
Prior	67,340
Revolving Loans	0
Recorded total loans	563,418	503,896
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	81,927
2022	183,295
2021	145,652
2020	27,356
2019	44,511
Prior	47,119
Revolving Loans	0
Recorded total loans	529,860	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
2022	4,686
2021	6,203
2020	0
2019	1,186
Prior	6,474
Revolving Loans	0
Recorded total loans	18,549	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
2022	0
2021	899
2020	0
2019	0
Prior	1,344
Revolving Loans	0
Recorded total loans	2,243	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
2022	0
2021	0
2020	0
2019	363
Prior	12,403
Revolving Loans	0
Recorded total loans	12,766	0
Real Estate [Member] | Commercial Real Estate [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	9,881
2022	22,573
2021	26,019
2020	29,970
2019	7,043
Prior	23,950
Revolving Loans	0
Recorded total loans	119,436	114,574
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	9,881
2022	22,131
2021	26,019
2020	24,684
2019	6,718
Prior	15,106
Revolving Loans	0
Recorded total loans	104,539	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
2022	442
2021	0
2020	5,286
2019	0
Prior	2,599
Revolving Loans	0
Recorded total loans	8,327	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
2022	0
2021	0
2020	0
2019	325
Prior	0
Revolving Loans	0
Recorded total loans	325	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
2022	0
2021	0
2020	0
2019	0
Prior	6,245
Revolving Loans	0
Recorded total loans	6,245	4,513
Real Estate [Member] | Church [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	2,923
2022	0
2021	2,210
2020	1,748
2019	636
Prior	5,200
Revolving Loans	0
Recorded total loans	12,717	15,780
Real Estate [Member] | Church [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	2,923
2022	0
2021	2,210
2020	1,748
2019	0
Prior	2,704
Revolving Loans	0
Recorded total loans	9,585	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
2022	0
2021	0
2020	0
2019	636
Prior	1,525
Revolving Loans	0
Recorded total loans	2,161	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
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	0	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
2022	0
2021	0
2020	0
2019	0
Prior	971
Revolving Loans	0
Recorded total loans	971	547
Real Estate [Member] | Construction [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	42,300
2022	36,288
2021	9,202
2020	0
2019	0
Prior	2,097
Revolving Loans	0
Recorded total loans	89,887	40,703
Real Estate [Member] | Construction [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	1,109
2021	1,198
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	2,307	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	42,300
2022	35,179
2021	5,484
2020	0
2019	0
Prior	2,097
Revolving Loans	0
Recorded total loans	85,060	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
2022	0
2021	2,520
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	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
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	0	0
Commercial - Others [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	15,000
2022	9,389
2021	257
2020	7,100
2019	6,550
Prior	25,154
Revolving Loans	0
Recorded total loans	63,450	64,841
Commercial - Others [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	15,000
2022	9,077
2021	87
2020	5,600
2019	0
Prior	25,154
Revolving Loans	0
Recorded total loans	54,918	53,396
Commercial - Others [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	312
2021	0
2020	1,500
2019	6,550
Prior	0
Revolving Loans	0
Recorded total loans	8,362	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
2022	0
2021	170
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	170	0
Commercial - Others [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	0	288
SBA Loans [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	11,809
2022	109
2021	2,453
2020	467
2019	16
Prior	100
Revolving Loans	0
Recorded total loans	14,954	3,601
SBA Loans [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	11,809
2022	109
2021	2,453
2020	0
2019	16
Prior	100
Revolving Loans	0
Recorded total loans	14,487	3,032
SBA Loans [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	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
2022	0
2021	0
2020	467
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	467	0
SBA Loans [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	0	0
Consumer [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	13
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	13	11
Consumer [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	13
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	13	11
Consumer [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	0	0
Consumer [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	0	0
Consumer [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans	0
Recorded total loans	$ 0	$ 0

Loans Receivable Held for In_15

Loans Receivable Held for Investment, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	$ 888,577	$ 773,444
Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	736,844	685,387
Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	124,208	65,717
Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	5,841	16,590
Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	21,684	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	24,702	30,038
Real Estate [Member] | Single-Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	21,135	29,022
Real Estate [Member] | Single-Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,749	354
Real Estate [Member] | Single-Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	116	260
Real Estate [Member] | Single-Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	1,702	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	563,418	503,896
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	529,860	479,182
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	18,549	9,855
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,243	14,859
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	12,766	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	119,436	114,574
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	104,539	104,066
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,327	4,524
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	325	1,471
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	6,245	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	12,717	15,780
Real Estate [Member] | Church [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	9,585	14,505
Real Estate [Member] | Church [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,161	728
Real Estate [Member] | Church [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	0
Real Estate [Member] | Church [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	971	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	89,887	40,703
Real Estate [Member] | Construction [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	2,307	2,173
Real Estate [Member] | Construction [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	85,060	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 - Others [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	63,450	64,841
Commercial - Others [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	54,918	53,396
Commercial - Others [Member] | Watch [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	8,362	11,157
Commercial - Others [Member] | Special Mention [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	170	0
Commercial - Others [Member] | Substandard [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	0	288
Commercial - Others [Member] | Doubtful [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable		0
Commercial - Others [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	14,954	3,601
SBA Loans [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	14,487	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	467	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	13	11
Consumer [Member] | Pass [Member]
Risk Grade Category of Loans by Loan Type [Abstract]
Loans receivable	13	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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Off-Balance Sheet Commitments [Abstract]
Allowance for off-balance sheet commitments	$ 364	$ 412
Recovery of credit losses for off-balance sheet commitments	$ (2)

Office Properties and Equipme_3

Office Properties and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	$ 14,728	$ 14,699
Less accumulated depreciation	(4,888)	(4,408)
Office properties and equipment, net	9,840	10,291
Depreciation expense	385	376
Land [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	5,322	5,322
Office Buildings and Improvements [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	6,433	6,303
Right of Use Assets [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	655	889
Furniture, Fixtures and Equipment [Member]
Office Properties and Equipment [Abstract]
Office properties and equipment, gross	$ 2,318	$ 2,185

Leases, Operating Leases (Detai

Leases, Operating Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Option	Dec. 31, 2022 USD ($)
Operating Lease [Abstract]
ROU asset	$ 655
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Operating lease liability	$ 655
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities
Number of options to extend | Option	1
Operating lease, extension term	5 years
Rent expense	$ 305	$ 214

Leases, Additional Information

Leases, Additional Information for Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities for operating leases	$ 242	$ 229
ROU assets obtained in exchange for lease liabilities	$ 0	$ 0
Weighted average remaining lease term in months	33 months	45 months
Weighted average discount rate	1.10%	1.10%

Leases, Future Minimum Payments

Leases, Future Minimum Payments for Operating Leases (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Future Minimum Payments for Operating Leases [Abstract]
Year ended December 31, 2024	$ 242
Year ended December 31, 2025	242
Year ended December 31, 2026	181
Total future minimum lease payments	665
Amounts representing interest	(10)
Present value of net future minimum lease payments	$ 655

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible, Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance at the beginning of the period	$ 25,858	$ 25,996
Additions	0	0
Change in deferred tax estimate	0	(138)
Amortization	0	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	(390)	(435)
Balance at the end of the period	2,111	2,501
Goodwill impairment loss	0	0
Core Deposit Intangible [Member]
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period	2,501	2,936
Additions	0	0
Change in deferred tax estimate	0	0
Amortization	(390)	(435)
Balance at the end of the period	$ 2,111	$ 2,501

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible, Components of Carrying Amount of Core Deposit Intangible (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Net core deposit intangible	$ 2,111	$ 2,501
Core Deposits [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Core deposit intangible acquired	3,329	3,329
Less: accumulated amortization	(1,218)	(828)
Net core deposit intangible	$ 2,111	$ 2,501	$ 2,936

Goodwill and Core Deposit Int_5

Goodwill and Core Deposit Intangible, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 2,111	$ 2,501
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
2024	336
2025	315
2026	304
2027	291
2028	279
Thereafter	586
Net core deposit intangible	$ 2,111	$ 2,501	$ 2,936

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 316,950	$ 328,749
Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	66,778	74,169
Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	23,339	26,100
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	47,836	51,425
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,373	4,197
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	163,880	160,589
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	10,744	12,269
Recurring Basis [Member] | Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	66,778	74,169
Recurring Basis [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	23,339	26,100
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	47,836	51,425
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,373	4,197
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	163,880	160,589
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	10,744	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	163,880	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	66,778	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	23,339	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	47,836	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	4,373	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	10,744	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, Fair Values of Fina

Fair Value, Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial Assets [Abstract]
Securities available-for-sale	$ 316,950	$ 328,749
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	105,195	16,105
Securities available-for-sale	316,950	328,749
Loans receivable held for investment	880,457	768,046
Accrued interest receivable	4,938	3,973
Bank owned life insurance	3,275	3,233
Financial Liabilities [Abstract]
Deposits	682,635	686,916
FHLB advances	209,319	128,344
Securities sold under agreements to repurchase	73,475	63,471
Bank Term Funding Program borrowing	100,000
Note Payable	14,000	14,000
Accrued interest payable	1,420	453
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	105,195	16,105
Securities available-for-sale	316,950	328,749
Loans receivable held for investment	746,539	641,088
Accrued interest receivable	4,938	3,973
Bank owned life insurance	3,275	3,233
Financial Liabilities [Abstract]
Deposits	536,171	673,615
FHLB advances	208,107	126,328
Securities sold under agreements to repurchase	72,597	60,017
Bank Term Funding Program borrowing	100,000
Note Payable	14,000	14,000
Accrued interest payable	1,420	453
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	105,195	16,105
Securities available-for-sale	163,880	160,589
Loans receivable held for investment	0	0
Accrued interest receivable	306	442
Bank owned life insurance	3,275	3,233
Financial Liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
Securities sold under agreements to repurchase	0	0
Bank Term Funding Program borrowing	0
Note Payable	0	0
Accrued interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	153,070	168,160
Loans receivable held for investment	0	0
Accrued interest receivable	1,301	793
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	536,171	673,615
FHLB advances	208,107	126,328
Securities sold under agreements to repurchase	72,597	60,017
Bank Term Funding Program borrowing	100,000
Note Payable	0	0
Accrued interest payable	1,420	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	746,539	641,088
Accrued interest receivable	3,331	2,738
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
Securities sold under agreements to repurchase	0	0
Bank Term Funding Program borrowing	0
Note Payable	14,000	14,000
Accrued interest payable	$ 0	$ 0

Deposits, Summary of Deposits (

Deposits, Summary of Deposits (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Summary of Deposits [Abstract]
Interest checking and other demand deposits	$ 219,138,000	$ 244,562,000
Non-interest-bearing demand deposits	107,891,000	89,779,000
Money market deposits	127,590,000	155,200,000
Savings deposits	59,981,000	62,322,000
Certificates of deposit	168,035,000	135,053,000
Total	682,635,000	686,916,000
Brokered deposits	0	4,300,000
Deposits not insured by FDIC insurance	$ 286,400,000	$ 212,900,000
Percentage of uninsured deposits	37%	31%
Reciprocal Deposits from CDARS [Member]
Summary of Deposits [Abstract]
Aggregate amount of certificates of deposits in excess of insured limits	$ 114,800,000	$ 74,600,000
Nonreciprocal Deposits from CDARS [Member]
Summary of Deposits [Abstract]
Aggregate amount of certificates of deposits in excess of insured limits	$ 0

Deposits, Certificate of Deposi

Deposits, Certificate of Deposit Maturities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Customer	Dec. 31, 2022 USD ($)
Maturities of Certificates of Deposit [Abstract]
2024	$ 141,705
2025	20,002
2026	6,000
2027	178
2028	10
Thereafter	140
Total	168,035	$ 135,053
Certificate of deposits in denominations of $250,000 or more	23,500	30,200
Deposits from principal officers, directors, and their affiliates	$ 21,300	$ 24,300
Deposits [Member] | Customer Concentration Risk [Member]
Maturities of Certificates of Deposit [Abstract]
Number of long-time customers | Customer	5
Deposits [Member] | Customer Concentration Risk [Member] | Five Customers [Member]
Maturities of Certificates of Deposit [Abstract]
Percentage of deposits	28%	27%

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands			12 Months Ended
	Mar. 11, 2024	Dec. 27, 2023	Dec. 31, 2023	Dec. 31, 2022
FHLB Advances [Abstract]
Average balance outstanding during the year			$ 177,261	$ 61,593
Maximum amount outstanding at any month-end during the year			210,242	128,823
Balance outstanding at end of year			$ 209,319	$ 128,344
Weighted average interest rate at end of year			4.91%	3.74%
Average cost of advances during the year			4.70%	1.74%
Weighted average maturity (in months)			2 months	7 months
FHLB advances, collateral real estate loans			$ 888,577	$ 773,444
FHLB advances, remaining amount available to borrow			117,000
FHLB Maturity [Abstract]
2024			176,638
2025			32,681
Total			209,319	128,344
Bank term funding program outstanding amount			100,000	0
Other Financial Institutions [Member]
FHLB Maturity [Abstract]
Lines of credit			10,000
Federal Reserve for Borrowings under Bank Term Funding Program [Member]
FHLB Maturity [Abstract]
Bank term funding program borrowing amount		$ 100,000
Bank term funding program outstanding amount			$ 100,000
Percentage of fixed interest rate			4.84%
Debt instrument, maturity date			Dec. 29, 2024
Securities pledged as collateral			$ 98,300
Securities pledged as collateral, at book value			107,300
Prepayment penalties for early payoff			0
Federal Reserve for Borrowings under Bank Term Funding Program [Member] | Subsequent Event [Member]
FHLB Maturity [Abstract]
Bank term funding program borrowing amount	$ 0
Asset Pledged as Collateral without Right [Member] | Federal Reserve for Borrowings under Bank Term Funding Program [Member]
FHLB Maturity [Abstract]
Securities pledged as collateral			107,300
Securities pledged as collateral, at book value			98,300
Commercial Real Estate [Member] | Asset Pledged as Collateral without Right [Member] | FHLB Advances [Member]
FHLB Advances [Abstract]
FHLB advances, collateral real estate loans			$ 435,400	$ 328,100

Securities Sold Under Agreeme_2

Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 73,475	$ 63,471
Weighted average rate on repurchase agreements	2.60%	0.38%
Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	$ 89,000	$ 64,400
Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	89,000	64,400
U.S. Treasuries [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	47,800	19,200
U.S. Treasuries [Member] | Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	47,800	19,200
Federal Agency Debt [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	30,200	33,300
Federal Agency Debt [Member] | Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	30,200	33,300
Federal Agency Mortgage-backed Securities [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	11,000	11,900
Federal Agency Mortgage-backed Securities [Member] | Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Repurchase Agreements [Abstract]
Securities pledged as collateral	$ 11,000	$ 11,900

Notes Payable (Details)

Notes Payable (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) Note	Dec. 31, 2022 USD ($)
Notes Payable [Abstract]
Notes payable		$ 14,000	$ 14,000
Number of notes payables | Note		2
Note A [Member]
Notes Payable [Abstract]
Notes payable		$ 9,900
Interest rate		5.20%
Debt instrument, maturity date		Dec. 01, 2040
Note A [Member] | Subsequent Event [Member]
Notes Payable [Abstract]
Notes paid off	$ 9,900
Note B [Member]
Notes Payable [Abstract]
Notes payable		$ 4,100
Interest rate		0.24%
Debt instrument, maturity date		Dec. 01, 2040
Note B [Member] | Subsequent Event [Member]
Notes Payable [Abstract]
Notes paid off	$ 4,100

Employee Benefit Plans (Details

Employee Benefit Plans (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Nov. 01, 2023	Oct. 31, 2023	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021
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	$ 8.57
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 | $			$ 307	$ 66
Shares Held by ESOP [Abstract]
Allocated to participants (in shares) | shares			134,444	132,188
Committed to be released (in shares) | shares			28,669	1,237
Suspense shares (in shares) | shares			458,829	118,561
Total ESOP shares (in shares) | shares			621,942	251,986
Fair value of unearned shares | $			$ 4,217	$ 1,016
Shares released for allocation (in shares) | shares			28,669	5,032
Unearned ESOP shares | $			$ 4,492	$ 1,265
Total number of common stock purchased by ESOP to date (in shares) | shares			428,327	58,369
Total cost of shares purchased by ESOP to date | $			$ 3,900	$ 500
Reverse stock split ratio	0.125	0.125			0.125
Pension Plan [Member] | City First Bank 401(k) Plan [Member]
401(k) Plan [Abstract]
Employee contributions as a percentage of their compensation			15%
Employer matching contribution, percent of match			50%
Employer matching contribution, percent of compensation contributed			6%
Additional employer matching contribution, percent of compensation contributed			3%
401(k) benefit plan expense | $			$ 447	$ 309

Income Taxes, Income Tax Expens

Income Taxes, Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current [Abstract]
Federal	$ 300	$ 700
State	398	218
Deferred [Abstract]
Federal	1,046	944
State	241	551
Total	$ 1,985	$ 2,413

Income Taxes, Effective Income

Income Taxes, Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Provision of Income Taxes [Abstract]
Federal statutory rate	21%
Federal statutory rate times pre-tax net income	$ 1,370	$ 1,705
Effect of [Abstract]
State taxes, net of federal benefit	512	623
Earnings from bank owned life insurance	(9)	(9)
Low-income housing credits	0	(6)
Change in valuation allowance	80	0
Tax effect of stock-based compensation	14	25
Other, net	18	75
Total	$ 1,985	$ 2,413

Income Taxes, Deferred Tax Asse

Income Taxes, Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets [Abstract]
Allowance for credit losses	$ 2,008	$ 1,063
Accrued liabilities	580	555
State income taxes	30	45
Stock compensation	196	226
Net operating loss carryforward	1,982	2,616
Partnership investment	340	257
General business credit	1,962	1,962
Alternative minimum tax credit	11	5
Net unrealized loss on securities available-for-sale	5,815	7,388
Right of use liability	196	266
Fair value adjustment on acquired loans	223	291
Other	212	332
Total deferred tax assets	13,555	15,006
Less: valuation allowance	(449)	(369)
Total deferred tax assets, net of valuation allowance	13,106	14,637
Deferred tax liabilities [Abstract]
Section 481 adjustments to bad debts	0	(7)
Deferred loan fees/costs	(1,743)	(776)
Basis difference on fixed assets	(748)	(723)
FHLB stock dividends	(98)	(90)
Nonaccrual loan interest	0	(8)
Prepaid expenses	(180)	(186)
Right of use assets	(189)	(256)
Core deposit intangibles	(610)	(719)
Total deferred tax liabilities	(3,568)	(2,765)
Net deferred tax assets	$ 9,538	$ 11,872

Income Taxes, NOL and Tax Credi

Income Taxes, NOL and Tax Credit Carryforwards and Income Tax Uncertainties (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Unrecognized tax benefits	$ 0	$ 0
Federal [Member]
Income Taxes [Abstract]
Net operating loss carryforwards	536
Net operating loss carryforwards with indefinite carryforward period	536
Federal [Member] | General Business Tax Credit Carryforward [Member]
Income Taxes [Abstract]
Tax credit carryforward	2,000
California [Member]
Income Taxes [Abstract]
Net operating loss carryforwards going to expire if not utilized	$ 21,800

Stock-Based Compensation, Summa

Stock-Based Compensation, Summary of Plans (Details) - shares	Jun. 21, 2023	Jun. 20, 2023
2018 LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)		161,639
Amended and Restated LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)	649,139
Number of additional share authorized for issuance (in shares)	487,500

Stock-Based Compensation, Stock

Stock-Based Compensation, Stock Option Activity (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number Outstanding [Roll Forward]
Outstanding at beginning of year (in shares)	31,250
Granted during the year (in shares)	0
Exercised during the year (in shares)	0
Forfeited or expired during the year (in shares)	0
Outstanding at end of year (in shares)	31,250	31,250
Exercisable at end of year (in shares)	31,250
Weighted Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 12.96
Granted during the year (in dollars per share)	0
Exercised during the year (in dollars per share)	0
Forfeited or expired during the year (in dollars per share)	0
Outstanding at end of year (in dollars per share)	12.96	$ 12.96
Exercisable at end of year (in dollars per share)	$ 12.96
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense	$ 0	$ 0
Unrecognized compensation cost	$ 0	$ 0

Stock-Based Compensation, Optio

Stock-Based Compensation, Options Outstanding and Exercisable (Details) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	31,250
Weighted Average Remaining Contractual Life	2 years 1 month 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
Grant Date February 24, 2016 [Member]
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	31,250
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.96
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	31,250
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.96

Stock-Based Compensation, Sto_2

Stock-Based Compensation, Stock Awards to Directors and Restricted Stock Awards to Employees (Details) $ in Thousands				1 Months Ended			12 Months Ended
	Nov. 01, 2023	Oct. 31, 2023	Jun. 21, 2023 shares	Feb. 28, 2023 shares	Mar. 31, 2022 shares	Feb. 28, 2022 shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021
Stock-based Compensation [Abstract]
Reverse stock split ratio	0.125	0.125							0.125
Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)							92,720,000
Restricted stock awards vested (in shares)							11,848,000
Restricted stock awards forfeited (in shares)							19,290,000
Unrecognized compensation cost | $							$ 1,100
2018 LTIP [Member] | Directors [Member] | Common 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)					61,908
Restricted stock awards forfeited (in shares)							17,012
Stock based compensation expense | $							$ 106	$ 133
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]
Aggregate number of shares awarded to date under the plan (in shares)							199,268
Shares available for awards (in shares)							449,871
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)			92,720
Restricted stock awards forfeited (in shares)							11,237
Stock based compensation expense | $							$ 104
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, Sum_2

Stock-Based Compensation, Summary of Restricted Stock Unit Activity (Details) - Restricted Stock [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restricted Stock Units [Roll Forward]
Unvested at beginning of year (in shares)	52,949
Granted during period (in shares)	92,720
Vested during period (in shares)	11,848
Forfeited or expired during period (in shares)	(19,290)
Unvested at end of year (in shares)	114,531	52,949
Weighted Average Grant Date Fair Value [Abstract]
Unvested at beginning of year (in dollars per share)	$ 12.24
Granted during period (in dollars per share)	8.56
Vested during period (in dollars per share)	0
Forfeited or expired during period (in dollars per share)	0
Unvested at end of year (in dollars per share)	$ 9.12	$ 12.24
Remaining Contractual Life (months) [Abstract]
Unvested	39 months	43 months
Granted during period	52 months

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Actual [Abstract]
Community Bank Leverage Ratio, Amount	$ 185,773	$ 181,304
Community Bank Leverage Ratio, Ratio	0.1497	0.1575
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount	$ 111,696	$ 103,591
Community Bank Leverage Ratio, Ratio	0.09	0.09

Loan Commitments and Other Re_3

Loan Commitments and Other Related Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments to Make Loans [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk	$ 7,560	$ 15,160
Commitments to Make Loans [Member] | Maximum [Member]
Commitments Loans [Abstract]
Loan commitment period	60 days
Unfunded Construction Loans [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk	$ 42,678	27,811
Unused Lines of Credit [Member]
Contractual Amounts of Financial Instruments Off-Balance-Sheet Risk [Abstract]
Contractual amounts of financial instruments off-balance-sheet risk	$ 3,302	$ 13,341

Parent Company Only Condensed_3

Parent Company Only Condensed Financial Information, Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Cash and cash equivalents	$ 105,195	$ 16,105
Other assets	3,543	2,866
Total assets	1,375,404	1,184,293
Liabilities and stockholders' equity [Abstract]
Accrued expenses and other liabilities	13,878	11,910
Stockholders' equity	281,903	279,482
Total liabilities and stockholders' equity	1,375,404	1,184,293
Broadway Financial Corporation [Member]
Assets [Abstract]
Cash and cash equivalents	77,457	84,015
Investment in bank subsidiary	200,830	192,977
Other assets	4,003	2,725
Total assets	282,290	279,717
Liabilities and stockholders' equity [Abstract]
Accrued expenses and other liabilities	387	235
Stockholders' equity	281,903	279,482
Total liabilities and stockholders' equity	$ 282,290	$ 279,717

Parent Company Only Condensed_4

Parent Company Only Condensed Financial Information, Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Condensed Statements of Income [Abstract]
Interest income	$ 47,228	$ 36,269
Interest expense	(17,766)	(3,409)
Other expense	(2,199)	(1,752)
Income before income taxes	6,523	8,119
Income tax benefits	(1,985)	(2,413)
Net income attributable to Broadway Financial Corporation	4,514	5,636
Broadway Financial Corporation [Member]
Condensed Statements of Income [Abstract]
Interest income	268	88
Interest expense	0	0
Other expense	(1,099)	(877)
Income before income taxes	(831)	(789)
Income tax benefits	196	85
Equity in undistributed subsidiary income	5,149	6,340
Net income attributable to Broadway Financial Corporation	$ 4,514	$ 5,636

Parent Company Only Condensed_5

Parent Company Only Condensed Financial Information, Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities [Abstract]
Net income	$ 4,514	$ 5,636
Adjustments to reconcile net loss to net cash used in operating activities [Abstract]
Change in other assets	(677)	(995)
Change in accrued expenses and other liabilities	2,287	(461)
Net cash provided by operating activities	7,594	6,324
Cash flows from investing activities [Abstract]
Net cash used in investing activities	(100,044)	(323,959)
Cash flows from financing activities [Abstract]
FDIC stock repurchase	(1,781)	0
Proceeds from issuance of preferred stock	0	150,000
Increase in unreleased ESOP shares	(3,400)	(500)
Net cash provided by financing activities	181,540	102,220
Net change in cash and cash equivalents	89,090	(215,415)
Cash and cash equivalents at beginning of the period	16,105	231,520
Cash and cash equivalents at end of the period	105,195	16,105
Broadway Financial Corporation [Member]
Cash flows from operating activities [Abstract]
Net income	4,514	5,636
Adjustments to reconcile net loss to net cash used in operating activities [Abstract]
Equity in undistributed subsidiary income	(5,149)	(6,340)
Change in other assets	(1,222)	1,196
Change in accrued expenses and other liabilities	152	(348)
Net cash provided by operating activities	(1,705)	144
Cash flows from investing activities [Abstract]
Capital distribution to bank subsidiary	0	(75,000)
Net cash used in investing activities	0	(75,000)
Cash flows from financing activities [Abstract]
FDIC stock repurchase	(1,781)	0
Proceeds from issuance of preferred stock	0	150,000
Increase in unreleased ESOP shares	(3,400)	(500)
Proceeds from repayment of ESOP loan	328	66
Net cash provided by financing activities	(4,853)	149,566
Net change in cash and cash equivalents	(6,558)	74,710
Cash and cash equivalents at beginning of the period	84,015	9,305
Cash and cash equivalents at end of the period	$ 77,457	84,015
Non-cash financing activities for exchange of preferred stock for common stock		$ 3,000

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Nov. 01, 2023	Oct. 31, 2023	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021
Earnings Per Common Share [Abstract]
Net income attributable to Broadway Financial Corporation | $			$ 4,514	$ 5,636
Less net income attributable to participating securities | $			59	27
Income available to common stockholders | $			$ 4,455	$ 5,609
Weighted average common shares outstanding for basic earnings per common share (in shares)			8,627,071	9,051,128
Add: dilutive effects of unvested restricted stock awards (in shares)			114,599	51,737
Weighted average common shares outstanding for diluted earnings per common share (in shares)			8,741,670	9,102,865
Earnings per common share-basic (in dollars per share) | $ / shares			$ 0.52	$ 0.62
Earnings per common share-diluted (in dollars per share) | $ / shares			$ 0.51	$ 0.62
Loss Per Common Share [Abstract]
Unvested stock awards or potential common shares issuable under stock options (in shares)			0
Reverse stock split ratio	0.125	0.125			0.125
Stock Options [Member]
Loss Per Common Share [Abstract]
Anti-dilutive stock not considered in computing diluted earnings per common share (in shares)			31,250