Broadway Financial (BYFC) 10-Q 24 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	001-39043
Entity Registrant Name	BROADWAY FINANCIAL CORPORATION
Entity Central Index Key	0001001171
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4547287
Entity Address, Address Line One	4601 Wilshire Boulevard, Suite 150
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	634-1700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BYFC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Voting Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,033,212
Class B Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,425,574
Class C Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,672,562

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 6,037	$ 5,460
Interest-bearing deposits in other banks	61,085	99,735
Cash and cash equivalents	67,122	105,195
Securities available-for-sale, at fair value	293,243	316,950
Loans receivable held for investment, net of allowance of $7,552 and $7,348	926,497	880,457
Accrued interest receivable	5,638	4,938
Federal Home Loan Bank ("FHLB") stock	10,292	10,156
Federal Reserve Bank ("FRB") stock	3,543	3,543
Office properties and equipment, net	9,731	9,840
Bank owned life insurance, net	3,286	3,275
Deferred tax assets, net	9,827	9,538
Core deposit intangible, net	2,027	2,111
Goodwill	25,858	25,858
Other assets	13,400	3,543
Total assets	1,370,464	1,375,404
Liabilities:
Deposits	695,494	682,635
Securities sold under agreements to repurchase	71,681	73,475
FHLB advances	209,280	209,319
Bank Term Funding Program ("BTFP") borrowing	100,000	100,000
Notes payable	0	14,000
Accrued expenses and other liabilities	12,542	13,878
Total liabilities	1,088,997	1,093,307
Additional paid-in capital	142,653	142,601
Retained earnings	12,388	12,552
Unearned Employee Stock Ownership Plan ("ESOP") shares	(4,420)	(4,492)
Accumulated other comprehensive loss, net of tax	(14,096)	(13,525)
Treasury stock-at cost, 327,228 shares at March 31, 2024 and at December 31, 2023	(5,326)	(5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity	281,292	281,903
Non-controlling interest	175	194
Total liabilities and stockholders' equity	1,370,464	1,375,404
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Liabilities:
Preferred stock	150,000	150,000
Class A Voting Common Stock [Member]
Liabilities:
Common stock	62	62
Class B Non-Voting Common Stock [Member]
Liabilities:
Common stock	14	14
Class C Non-Voting Common Stock [Member]
Liabilities:
Common stock	$ 17	$ 17

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets [Abstract]
Allowance for loan losses	$ 7,552	$ 7,348
Stockholders' Equity:
Treasury stock, shares (in shares)	327,228	327,228
Non-Cumulative Redeemable Perpetual Preferred Stock, Series C [Member]
Stockholders' Equity:
Preferred stock, shares authorized (in shares)	150,000	150,000
Preferred stock, shares issued (in shares)	150,000	150,000
Preferred stock, shares outstanding (in shares)	150,000	150,000
Preferred stock, liquidation value (in dollars per share)	$ 1,000	$ 1,000
Class A Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	6,230,705	6,230,705
Common stock, shares outstanding (in shares)	6,009,274	5,914,861
Class B Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	1,425,574	1,425,574
Common stock, shares outstanding (in shares)	1,425,574	1,425,574
Class C Non-Voting Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	1,672,562	1,672,562
Common stock, shares outstanding (in shares)	1,672,562	1,672,562

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Interest income:
Interest and fees on loans receivable		$ 11,129	$ 8,666
Interest on available-for-sale securities		2,075	2,180
Other interest income		1,589	328
Total interest income		14,793	11,174
Interest expense:
Interest on deposits		2,799	1,303
Interest on borrowings		4,470	1,597
Total interest expense		7,269	2,900
Net interest income		7,524	8,274
Provision for credit losses		260	88
Net interest income after provision for credit losses		7,264	8,186
Non-interest income:
Service charges		40	61
Other		266	228
Total non-interest income		306	289
Non-interest expense:
Compensation and benefits		4,397	3,749
Occupancy expense		435	303
Information services		707	715
Professional services		1,410	505
Supervisory costs		177	94
Office services and supplies		34	22
Advertising and promotional expense		28	68
Corporate insurance		61	62
Appraisal and other loan expense		0	43
Amortization of core deposit intangible		84	98
Travel expense		79	78
Other expense		398	469
Total non-interest expense		7,810	6,206
(Loss) income before income taxes		(240)	2,269
Income tax (benefit) expense		(57)	674
Net (loss) income		(183)	1,595
Less: Net (loss) income attributable to non-controlling interest		(19)	22
Net (loss) income attributable to Broadway Financial Corporation		(164)	1,573
Other comprehensive (loss) income, net of tax:
Unrealized (losses) income on securities available-for-sale arising during the period		(803)	3,433
Income tax (benefit) expense		(232)	988
Other comprehensive (loss) income, net of tax		(571)	2,445
Comprehensive (loss) income		$ (735)	$ 4,018
(Loss) earnings per common share-basic (in dollars per share)	[1]	$ (0.02)	$ 0.18
(Loss) earnings per common share-diluted (in dollars per share)	[1]	$ (0.02)	$ 0.17
[1]Retroactively adjusted, as applicable, for the 1-for-8

Consolidated Statements of Op_2

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

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (183)	$ 1,595
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Provision for credit losses	260	88
Depreciation	164	172
Net change of deferred loan origination costs	137	(223)
Net amortization of premiums and discounts on available-for-sale securities	(253)	(253)
Accretion of purchase accounting marks on loans	(32)	0
Amortization of core deposit intangible	84	98
(Accretion) amortization of premium on FHLB advances	(4)	1
ESOP compensation expense	47	(202)
Earnings on bank owned life insurance	(11)	(9)
Change in assets and liabilities:
Net change in deferred taxes	(57)	569
Net change in accrued interest receivable	(700)	(246)
Net change in other assets	(9,857)	42
Net change in accrued expenses and other liabilities	(1,336)	2,035
Net cash (used in) provided by operating activities	(11,664)	3,801
Cash flows from investing activities:
Net change in loans receivable held for investment	(46,405)	(9,681)
Principal payments on available-for-sale securities	23,157	3,409
Purchase of FHLB stock	(136)	(1,765)
Proceeds from redemption of FRB stock	0	1,721
Purchase of office properties and equipment	(55)	(3)
Net cash used in investing activities	(23,439)	(6,319)
Cash flows from financing activities:
Net change in deposits	12,859	(29,374)
Net change in securities sold under agreements to repurchase	(1,794)	7,470
Purchase of unreleased ESOP shares	0	(2,500)
Repayment of notes payable	(14,000)	0
Proceeds from FHLB advances	0	40,500
Repayments of FHLB advances	(35)	(35)
Net cash (used in) provided by financing activities	(2,970)	16,061
Net change in cash and cash equivalents	(38,073)	13,543
Cash and cash equivalents at beginning of the period	105,195	16,105
Cash and cash equivalents at end of the period	67,122	29,648
Supplemental disclosures of cash flow information:
Cash paid for interest	5,913	2,882
Cash paid for income taxes	48	0
Directors [Member]
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Stock-based compensation expense	0	96
Employees, Excluding Directors [Member]
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Stock-based compensation expense	$ 77	$ 38

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock [Member] Preferred Stock Non-Voting [Member]	Common Stock [Member] Common Stock Voting [Member]	Common Stock [Member] Common Stock Non-Voting [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Treasury Stock [Member]	Non-Controlling Interest [Member]	Total	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, 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 (loss) income	0	0	0	0	0	1,573	0	0	22	$ 1,595
Release of unearned ESOP shares	0	0	0	(4)	0	0	(198)	0	0	(202)
Increase in unreleased shares	0	0	0	0	0	0	(2,500)	0	0	(2,500)
Stock-based compensation expense	0	0	0	38	0	0	0	0	0	38
Director stock compensation expense	0	1	0	95	0	0	0	0	0	96
Other comprehensive (loss) income, net of tax	0	0	0	0	2,445	0	0	0	0	2,445
Balance at Mar. 31, 2023	150,000	65	31	144,286	(15,028)	9,611	(3,963)	(5,326)	192	279,868
Balance at Dec. 31, 2023	150,000	62	31	142,601	(13,525)	12,552	(4,492)	(5,326)	194	282,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	0	0	0	0	0	(164)	0	0	(19)	(183)
Release of unearned ESOP shares	0	0	0	(25)	0	0	72	0	0	47
Stock-based compensation expense	0	0	0	77	0	0	0	0	0	77
Other comprehensive (loss) income, net of tax	0	0	0	0	(571)	0	0	0	0	(571)
Balance at Mar. 31, 2024	$ 150,000	$ 62	$ 31	$ 142,653	$ (14,096)	$ 12,388	$ (4,420)	$ (5,326)	$ 175	$ 281,467

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	3 Months Ended
	Mar. 31, 2024
Basis of Financial Statement Presentation [Abstract]
Basis of Financial Statement Presentation	NOTE 1 – Basis of Financial Statement Presentation The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, City First Bank, National Association (the “Bank” and, together with the Company, “City First Broadway”). Also included in the unaudited consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”) and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Reverse Stock Split On October 30, 2023, the Company effected a reverse stock split of the Company’s outstanding shares of Class A common stock, Class B common stock, and Class C common stock, par value $0.01 per share at a ratio of 1-for-8 8 shares ll common stock share amounts and per share numbers discussed herein have been retroactively adjusted f or the Reverse Stock Split. Except as discussed below, our accounting policies are described in Note 1 – Summary of Significant Accounting Policies of our audited consolidated financial statements included in the 2023 Form 10-K.

Earnings Per Share of Common St

Earnings Per Share of Common Stock	3 Months Ended
	Mar. 31, 2024
Earnings Per Share of Common Stock [Abstract]
Earnings Per Share of Common Stock	NOTE 2 – Earnings Per Share of Common Stock Basic earnings per share of common stock is computed pursuant to the two-class method by dividing net income available to common stockholders less dividends paid on participating securities (unvested shares of restricted common stock) and The following table shows how the Company computed basic and diluted earnings per share of common stock for the periods indicated: Three Months Ended March 31, 2024 2023 ( Dollars per share data) Net (loss) income attributable to Broadway Financial Corporation $ (164 ) $ 1,573 Less net income attributable to participating securities 4 7 (Loss) income available to common stockholders $ (168 ) $ 1,566 Weighted average common shares outstanding for basic earnings per common share (1) 8,229,774 8,930,270 Add: dilutive effects of unvested restricted stock awards (1) 182,998 40,378 Weighted average common shares outstanding for diluted earnings per common share (1) 8,412,772 8,970,648 (Loss) earnings per common share - basic (1) $ (0.02 ) $ 0.18 (Loss) earnings per common share - diluted (1) $ (0.02 ) $ 0.17 (1) the 1-for-8

Securities

Securities	3 Months Ended
	Mar. 31, 2024
Securities [Abstract]
Securities	NOTE 3 – Securities The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios as of the dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive loss: Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) March 31, 2024: Federal agency mortgage-backed securities $ 74,240 $ 2 $ (10,212 ) $ 64,030 Federal agency collateralized mortgage obligations (“CMO”) 23,977 7 (1,455 ) 22,529 Federal agency debt 50,945 – (3,099 ) 47,846 Municipal bonds 4,824 – (473 ) 4,351 U. S. Treasuries 147,305 – (2,861 ) 144,444 U.S. Small Business Administration (“SBA”) pools 11,783 3 (1,743 ) 10,043 Total available-for-sale securities $ 313,074 $ 12 $ (19,843 ) $ 293,243 December 31, 2023: Federal agency mortgage-backed securities $ 76,091 $ 3 $ (9,316 ) $ 66,778 Federal agency 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 As of March 31, 2024, investment securities with a fair value of $78.6 million were pledged as collateral for securities sold under agreements to repurchase and included $37.9 million of U.S. Treasuries, $30.3 million , and $10.4 million of . As of December 31, 2023, investment securities with a fair value of $89.0 million were pledged as collateral for securities sold under agreements to repurchase and included $47.8 million of U.S. Treasuries, $30.2 million of federal agency , and $11.0 million of federal agency debt securities (See Note 6 – Borrowings). There were no securities pledged to secure public deposits at March 31, 2024 or December 31, 2023. Accrued interest receivable on securities was $1.4 million and $1.2 million at March 31, 2024 and December 31, 2023, respectively, and is included in the consolidated statements of financial condition under accrued interest receivable. At March 31, 2024 The amortized cost and estimated fair value of all investment securities available-for-sale at March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 100,551 $ – $ (1,115 ) $ 99,436 Due after one year through five years 102,864 – (4,993 ) 97,871 Due after five years through ten years 27,891 9 (1,820 ) 26,080 Due after ten years (1) 81,768 3 (11,915 ) 69,856 $ 313,074 $ 12 $ (19,843 ) $ 293,243 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category. The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) March 31, 2024 Federal agency mortgage-backed securities $ – $ – $ 63,839 $ (10,212 ) $ 63,839 $ (10,212 ) Federal agency CMOs – – 21,753 (1,455 ) 21,753 (1,455 ) Federal agency debt – – 47,846 (3,099 ) 47,846 (3,099 ) Municipal bonds – – 4,351 (473 ) 4,351 (473 ) U. S. Treasuries 53,568 (1,057 ) 90,875 (1,804 ) 144,443 (2,861 ) SBA pools 284 (1 ) 8,815 (1,742 ) 9,099 (1,743 ) Total unrealized loss position investment securities $ 53,852 $ (1,058 ) $ 237,479 $ (18,785 ) $ 291,331 $ (19,843 ) December 31, 2023: 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 unrealized loss position investment securities $ 3,304 $ ( 38 ) $ 312,424 $ ( 18,997 ) $ 315,728 $ ( 19,035 ) At March 31, 2024, and December 31, 2023, there were no securities in nonaccrual status. All securities in the portfolio were current with their contractual principal and interest payments. At March 31, 2024, and December 31, 2023, there were no securities purchased with deterioration in credit quality since their origination. At March 31, 2024, and December 31, 2023, there were no collateral dependent securities. The Company’s assessment of available-for-sale investment securities as of March 31, 2024 , indicated that an 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 March 31, 2024.

Loans Receivable Held for Inves

Loans Receivable Held for Investment	3 Months Ended
	Mar. 31, 2024
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	NOTE 4 – Loans Receivable Held for Investment Loans receivable held for investment were as follows as of the dates indicated: March 31, 2024 December 31, 2023 (In thousands) Real estate: Single-family $ 28,184 $ 24,702 Multi-family 601,126 561,447 Commercial real estate 124,717 119,436 Church 12,573 12,717 Construction 90,333 89,887 Commercial – other 63,538 63,450 SBA loans (1) 12,475 14,954 Consumer 14 13 Gross loans receivable before deferred loan costs and premiums 932,960 886,606 Unamortized net deferred loan costs and premiums 1,828 1,971 Gross loans receivable 934,788 888,577 Credit and interest marks on purchased loans, net (739 ) (772 ) Allowance for credit losses (7,552 ) (7,348 ) Loans receivable, net $ 926,497 $ 880,457 (1) Including Paycheck Protection Program (“PPP”) loans. As of March 31, 2024 and December 31, 2023, the SBA loan category above included $15 thousand and $2.5 million, respectively, of loans issued under the SBA’s PPP. PPP loans have terms of two Following , the Company analyzes all acquired loans at the time of acquisition for more-than-insignificant deterioration in credit quality since their origination date. Such loans are classified as purchased credit deteriorated (“PCD”) loans. Acquired loans classified as PCD are recorded at an initial amortized cost, which is comprised of the purchase price of the loans and the initial ACL determined for the loans, which is added to the purchase price, and any resulting discount or premium related to factors other than credit. PCI loans were considered to be PCD loans at the date of adoption of ASC 326. The Company accounts for interest income on PCD loans using the interest method, whereby any purchase discounts or premiums are accreted or amortized into interest income as an adjustment of the loan’s yield. An accretable yield is not determined for PCD loans. As part of the CFBanc merger, the Com pany acquired PCI loans. Prior to the CFBanc merger, there were no such acquired loans. The carrying amount of those loans was as follows: March 31, 2024 December 31, 2023 Real estate: (In thousands) Single-family $ – $ – Commercial – other 47 47 $ 47 $ 47 The following tables summarizes the discount on the PCI loans for the three months ended: March 31, 2024 March 31, 2023 (In thousands) Balance at the beginning of the period $ 2 $ 27 Deduction due to payoffs – (12 ) Accretion (2 ) (4 ) Balance at the end of the period $ – $ 11 The Company accounts for credit losses on loans in accordance with ASC 326 – Financial Instruments-Credit Losses The Company’s ACL model also includes adjustments for qualitative factors, where appropriate. Qualitative adjustments may be related to and include, but are not limited to, factors such as: (i) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices; (ii) changes in international, national, regional, and local conditions; (iii) changes in the nature and volume of the portfolio and terms of loans; (iv) changes in the experience, depth, and ability of lending management; (v) changes in the volume and severity of past due loans and other similar conditions; (vi) changes in the quality of the organization’s loan review system; (vii) changes in the value of underlying collateral for collateral dependent loans; (viii) the existence and effect of any concentrations of credit and changes in the levels of such concentrations; and (ix) the effect of other external factors (i.e., competition, legal and regulatory requirements) on the level of estimated credit losses. These qualitative factors incorporate the concept of reasonable and supportable forecasts, as required by ASC 326. The following tables summarize the activity in the allowance for credit losses on loans for the periods indicated: March 31, 2024 Beginning Balance Charge-offs Recoveries Provision (recapture) Ending Balance Loans receivable held for investment: Single-family $ 260 $ – $ – $ 38 $ 298 Multi-family 4,413 – – (88 ) 4,325 Commercial real estate 1,094 – – 15 1,109 Church 72 – – 18 90 Construction 932 – – 24 956 Commercial - other 529 – – 193 722 SBA loans 48 – – 4 52 Consumer – – – – – Total $ 7,348 $ – $ – $ 204 $ 7,552 March 31 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (benefit) Ending Balance ( In thousands Loans receivable held for investment: Single-family $ 109 $ 214 $ – $ – $ ( 62 ) $ 261 Multi-family 3,273 603 – – 56 3,932 Commercial real estate 449 466 – – 97 1,012 Church 65 37 – – ( 10 ) 92 Construction 313 219 – – 61 593 Commercial - other 175 254 – – ( 72 ) 357 SBA loans – 20 – – 18 38 Consumer 4 ( 4 ) – – – – Total $ 4,388 $ 1,809 $ – $ – $ 88 $ 6,285 The ACL increased from March 31, 2023 to March 31, 2024 due to growth in the loan portfolio. Since the Company has no historical loss rates of its own, it uses peer historical loss rates, which decreased during the first quarter of 2024 and caused the Company to decrease the factor for historical losses in its computation, causing a decrease in the reserve on certain loan categories. 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: March 31, 2024 Single-Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single-family $ 42 $ – $ – $ – $ 42 Multi-family – 401 – – 401 Commercial real estate – – 58 – 58 Church – – 388 – 388 Commercial – other – – – 267 267 Total $ 42 $ 401 $ 446 $ 267 $ 1,156 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 March 31, 2024 , $1.2 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 $111 thousand as of March 31, 2024 and December 31, 2023, respectively. The Company had one individually evaluated loan on nonaccrual status at March 31, 2024. Past Due Loans The following tables present the aging of the recorded investment in past due loans by loan type as of the dates indicated: March 31, 2024 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single-family $ – $ – $ – $ – $ 28,184 $ 28,184 Multi-family – – 401 401 602,553 602,954 Commercial real estate – – – – 124,717 124,717 Church – – – – 12,573 12,573 Construction – – – – 90,333 90,333 Commercial - other – – – – 63,538 63,538 SBA loans 9 360 – 369 12,106 12,475 Consumer – – – – 14 14 Total $ 9 $ 360 $ 401 $ 770 $ 934,018 $ 934,788 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: 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 The following table presents the recorded investment in non-accrual loans by loan type as of the dates indicated: March 31, 2024 December 31, 2023 (In thousands) Loans receivable held for investment: Multi-family $ 401 $ – Total non-accrual loans $ 401 $ – The non-accrual loan above had no related ACL at March 31, 2024. There were no loans 90 days or more delinquent that were accruing interest as of March 31, 2024 or December 31, 2023. Modified Loans to Troubled Borrowers GAAP requires that certain types of modifications of loans in response to a borrower’s financial difficulty be reported, which consist of the following: (i) principal forgiveness, (ii) interest rate reduction, (iii) other-than-insignificant payment delay, (iv) term extension, or (v) any combination of the foregoing. The ACL for loans that were modified in response to a borrower’s financial difficulty is measured on a collective basis, as with other loans in the loan portfolio, unless management determines that such loans no longer possess risk characteristics similar to others in the loan portfolio. In those instances, the ACL for such loans is determined through individual evaluation. There were no loan modifications to borrowers that were experiencing financial difficulty during the three months ended March 31, 2024. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. For single-family residential, consumer, and other smaller balance homogenous loans, a credit grade is established at inception, and generally only adjusted based on performance. Information about payment status is disclosed elsewhere herein. The Company analyzes all other loans individually by classifying the loans as to credit risk. This analysis is performed at least on a quarterly basis. The Company uses the following definitions for risk ratings: ● Watch. Loans classified as watch exhibit weaknesses that could threaten the current net worth and paying capacity of the obligors. Watch graded loans are generally performing and are not more than 59 days past due. A watch rating is used when a material deficiency exists, but correction is anticipated within an acceptable time frame. ● Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. ● Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ● Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. ● Loss. Loans classified as loss are considered uncollectible and of such little value that to continue to carry the loan as an active asset is no longer warranted. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor and/or by the value of the underlying collateral. Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms. The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination as of the date indicated: Term Loans Amortized Cost Basis by Origination Year - As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total (In thousands) Single-family: Pass $ – $ 551 $ 4,135 $ 3,039 $ 2,050 $ 14,612 $ – $ 24,387 Watch – – – 745 869 714 – 2,328 Special Mention – – – – – 115 – 115 Substandard – – – – 1,354 – – 1,354 Total $ – $ 551 $ 4,135 $ 3,784 $ 4,273 $ 15,441 $ – $ 28,184 Multi-family: Pass $ 39,797 $ 86,356 $ 182,415 $ 144,826 $ 27,195 $ 92,345 $ – $ 572,934 Watch – – 4,667 6,168 – 4,377 – 15,212 Special Mention – – – – – 2,039 – 2,039 Substandard – – – 894 – 11,875 – 12,769 Total $ 39,797 $ 86,356 $ 187,082 $ 151,888 $ 27,195 $ 110,636 $ – $ 602,954 Commercial real estate: Pass $ 15,000 $ 1,751 $ 21,406 $ 25,877 $ 24,477 $ 22,487 $ – $ 110,998 Watch – – 440 – 5,256 2,579 – 8,275 Special Mention – 884 – – – – – 884 Substandard – – – – – 4,560 – 4,560 Total $ 15,000 $ 2,635 $ 21,846 $ 25,877 $ 29,733 $ 29,626 $ – $ 124,717 Church: Pass $ – $ 2,892 $ – $ 2,196 $ 1,735 $ 2,649 $ – $ 9,472 Watch – – – – – 1,490 – 1,490 Special Mention – – – – – 648 – 648 Substandard – – – – – 963 – 963 Total $ – $ 2,892 $ – $ 2,196 $ 1,735 $ 5,750 $ – $ 12,573 Construction: Pass $ – $ – $ – $ – $ – $ – $ – $ – Watch 954 43,787 31,126 8,094 – 1,841 – 85,802 Special Mention – 252 4,279 – – – – 4,531 Substandard – – – – – – – – Total $ 954 $ 44,039 $ 35,405 $ 8,094 $ – $ 1,841 $ – $ 90,333 Commercial – other: Pass $ – $ 15,000 $ 9,033 $ 80 $ 6,196 $ 7,632 $ – $ 37,941 Watch 17,594 – 312 – – 6,549 – 24,455 Special Mention – – – – 972 – – 972 Substandard – – – 170 – – – 170 Total $ 17,594 $ 15,000 $ 9,345 $ 250 $ 7,168 $ 14,181 $ – $ 63,538 SBA: Pass $ – $ 9,065 $ 150 $ 15 $ – $ 1,425 $ – $ 10,655 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – 446 1,374 – 1,820 Total $ – $ 9,065 $ 150 $ 15 $ 446 $ 2,799 $ – $ 12,475 Consumer: Pass $ 14 $ – $ – $ – $ – $ – $ – $ 14 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – – – – – Total $ 14 $ – $ – $ – $ – $ – $ – $ 14 Total loans: Pass $ 54,811 $ 115,615 $ 217,139 $ 176,033 $ 61,653 $ 141,150 $ – $ 766,401 Watch 18,548 43,787 36,545 15,007 6,125 17,550 – 137,562 Special Mention – 1,136 4,279 – 972 2,802 – 9,189 Substandard – – – 1,064 1,800 18,772 – 21,636 Total loans $ 73,359 $ 160,538 $ 257,963 $ 192,104 $ 70,550 $ 180,274 $ – $ 934,788 Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023 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 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 $420 thousand and $364 thousand at March 31, 2024 and December 31, 2023, respectively. This amount is included in accrued expenses and other liabilities on the consolidated statements of financial condition. The provision for off-balance sheet commitments was $56 thousand for the quarter-ended March 31, 2024.

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	3 Months Ended
	Mar. 31, 2024
Goodwill and Core Deposit Intangible [Abstract]
Goodwill and Core Deposit Intangible	NOTE 5 – The Company recognized goodwil l of and a core deposit intangible of as of March 31, 2024. The following table presents the changes in the carrying amounts of goodwill and core deposit intangibles for the three months ended March 31, 2024 : Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,858 $ 2,111 Additions – – Change in deferred tax estimate – – Amortization – (84 ) Balance at the end of the period $ 25,858 $ 2,027 The carrying amount of the core deposit intangible consisted of the following at March 31, 2024 Core deposit intangible acquired $ 3,329 Less: accumulated amortization (1,302 ) $ 2,027 The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): Remainder of 2024 $ 252 2025 315 2026 304 2027 291 2028 279 Thereafter 586 $ 2,027

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Borrowings [Abstract]
Borrowings	NOTE 6 – Borrowings T he Company enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. urities is reflected as a liability in the Company’s consolidated hile the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. March 31, 2024 31, 2024 At March 31, 2024 and December 31, 2023, the Company had outstanding advances from the FHLB totaling $209.3 million. The weighted interest rate was 4.91% as of both March 31, 2024 and December 31, 2023. The weighted average contractual maturity was 2 months as of both March 31, 2024 and December 31, 2023, respectively. The advances were collateralized by loans with a fair value of $419.2 million at March 31, 2024 and $435.4 million at December 31, 202 March 31, 2024 On December 27, 2023, the Company borrowed $100 million from the Federal Reserve under the BTFP. As of both March 31, 2024 and December 31, 2023, $100 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 fair value of $98.3 million were pledged as collateral for this borrowing as of both March 31, 2024 and 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 Company had additional lines of credit of $10.0 million with other financial institutions as of March 31, 2024 and December 31, 2023 March 31, 2024 or December 31, 2023 In connection with the New Market Tax Credit activities of the Bank, CFC 45 is a partnership whose members include CFNMA and City First New Markets Fund II, LLC. This community development entity (“CDE”) acts in effect as a pass-through for a Merrill Lynch allocation totaling $14.0 million that needed to be deployed. In December 2015, Merrill Lynch made a $14.0 million non-recourse loan to CFC 45, whereby CFC 45 passed that loan through to a Qualified Active Low-Income Business (“QALICB”). The loan to the QALICB was secured by a Leasehold Deed of Trust that, due to the pass-through, non-recourse structure, was operationally and ultimately for the benefit of Merrill Lynch rather than CFC 45. Debt service payments received by CFC 45 from the QALICB were passed through to Merrill Lynch in return for which CFC 45 received a servicing fee. The financial statements of CFC 45 are consolidated with those of the Bank and the Company. There were two notes for CFC 45. Note A was in the amount of $9.9 million with a fixed interest rate of 5.2% per annum. Note B was in the amount of $4.1 million with a fixed interest rate of 0.24% per annum. Quarterly interest only payments commenced in March 2016 and continued through March 2023 for Notes A and B. These notes were paid off during January 2024.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2024
Fair Value [Abstract]
Fair Value	NOTE 7 – Fair Value The Company used the following methods and significant assumptions to estimate fair value: The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair value of loans that are collateral dependent is generally based upon the fair value of the collateral, which is obtained from recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Collateral dependent loans are evaluated on a quarterly basis for additional required calculation adjustments (taken as part of the ACL) and adjusted accordingly. Assets acquired through or by transfer in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated every nine months. These appraisals may utilize a single valuation approach or a combination of approaches, including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals for collateral-dependent loans and assets acquired through or by transfer of in lieu of foreclosure are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, an independent third-party licensed appraiser reviews the appraisals for accuracy and reasonableness, reviewing the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Assets Measured on a Recurring Basis Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) At March 31, 2024: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 64,030 $ – $ 64,030 Federal agency CMOs – 22,529 – 22,529 Federal agency debt – 47,846 – 47,846 Municipal bonds – 4,351 – 4,351 U.S. Treasuries 144,444 – – 144,444 SBA pools – 10,043 – 10,043 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 There were no transfers between Level 1, Level 2, or Level 3 during the three months ended March 31, 2024 and 2023. As of March 31, 2024 and December 31, 2023, the Bank did not have any assets or liabilities carried at fair value on a nonrecurring basis. Fair Values of Financial Instruments The following tables present the carrying amount, fair value, and level within the fair value hierarchy of the Company’s financial instruments not recorded at fair value on a recurring basis as of March 31, 2024 and December 31, 2023. Fair Value Measurements at March 31, 2024 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 67,122 $ 67,122 $ – $ – $ 67,122 Securities available-for-sale 293,243 144,444 148,799 – 293,243 Loans receivable held for investment 926,497 – – 778,813 778,813 Accrued interest receivable 5,638 416 1,343 3,879 5,638 Bank owned life insurance 3,286 3,286 – – 3,286 Financial Liabilities: Deposits $ 695,494 $ – $ 608,134 $ $ 608,134 FHLB advances 209,280 – 208,213 – 208,213 BTFP borrowing 100,000 – 100,000 – 100,000 Securities sold under agreements to repurchase 71,681 – 70,510 – 70,510 Accrued interest payable 2,810 – 2,810 – 2,810 Fair Value Measurements at December 31, 2023 Carrying 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 BTFP borrowing 100,000 – 100,000 – 100,000 Securities sold under agreements to repurchase 73,475 – 72,597 – 72,597 Notes payable 14,000 – – 14,000 14,000 Accrued interest payable 1,420 – 1,420 – 1,420 In accordance with ASU No. 2016-01, the fair value of financial assets and liabilities was measured using an exit price notion. Although the exit price notion represents the value that would be received to sell an asset or paid to transfer a liability, the actual price received for a sale of assets or paid to transfer liabilities could be different from exit price disclosed.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2024
Stock-based Compensation [Abstract]
Stock-Based Compensation	NOTE 8 – Stock-based Compensation Prior to June 21, 2023, the Company issued stock-based compensation awards to its directors and officers under the 2018 Long Term Incentive Plan (“LTIP”) which allowed the grant of non-qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards. The maximum number of shares available to be awarded under the LTIP was 161,638 shares. During February of 2023, the Company issued 9,230 shares of stock to its directors under the LTIP, which were fully vested. During the three months ended March 31, 2024 and 2023, the Company recorded $0 and $96 thousand of director stock compensation expense, respectively, which was determined using the fair value of the stock on the dates of the awards. During March of 2022, the Company issued 61,907 shares of restricted stock to its officers and employees under the LTIP, of which 17,012 shares have been forfeited as of March 31, 2024. 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. On June 21, 2023, stockholders approved an Amendment and Restatement of the 2018 Long Term Incentive Plan (“Amended and Restated LTIP”) which allows the issuance of 487,500 additional shares and brought the number of shares that may be issued under the Amended and Restated LTIP to 649,138 shares. On June 21, 2023, the Company issued 92,700 shares of restricted stock to its officers and employees under the Amended and Restated LTIP, of which 11,237 shares have been forfeited as of March 31, 2024. 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. On March 26, 2024, the Company issued 94,413 shares of restricted stock to its officers and employees under the Amended and Restated LTIP. Each restricted stock award was valued based on the fair value of the stock on the date of the award. These awarded shares of restricted stock fully vest over periods ranging from 36 months to 60 months from their respective dates of grant. Stock-based compensation is recognized on a straight-line basis over the vesting period. During the three months ended March 31, 2024 and 2023, the Company recorded $77 thousand and $38 thousand of stock-based compensation expense, respectively. As of March 31, 2024, 293,681 shares had been awarded under the Amended and Restated LTIP and 355,458 shares were available to be awarded. No stock options were granted, exercised, forfeited or expired during the three months ended March 31, 2024 or the three months ended March 31, 2023. Options outstanding and exercisable at March 31, 2024 were as follows: Outstanding Exercisable Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value 31,250 1.88 years $ 12.96 $ – 31,250 $ 12.96 $ – T he Company did not record any stock-based compensation expense related to stock options during the three months ended March 31, 2024 and 2023. All common stock share amounts above have been retroactively adjusted, as applicable, for the 1-for-8

ESOP Plan

ESOP Plan	3 Months Ended
	Mar. 31, 2024
ESOP Plan [Abstract]
ESOP Plan	NOTE 9 – ESOP Plan Employees participate in an 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 $47 thousand and $12 thousand for the three months ended March 31, 2024 and 2023, respectively. Shares held by the ESOP were as follows: March 31, 2024 December 31, 2023 (Dollars in thousands) Allocated to participants $ 148,778 $ 134,444 Committed to be released 7,509 28,669 Suspense shares 451,320 458,829 Total ESOP shares 607,607 621,942 Fair value of unearned shares $ 2,487 $ 4,217 The value of unearned shares, which are reported as Unearned ESOP shares in the equity section of the consolidated statements of financial condition, were $4.4 million and $4.5 million at March 31, 2024 and December 31, 2023, respectively. All common stock share amounts above have been retroactively adjusted, as applicable, for 1-for-8

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2024
Regulatory Matters [Abstract]
Regulatory Matters	NOTE 10 – 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” (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) March 31 2024 Community Bank Leverage Ratio $ 185,389 13.65 % $ 122,268 9.00 % December 31 2023 Community Bank Leverage Ratio $ 185,773 14.97 % $ 111,696 9.00 % At March 31, 2024, the Company and the Bank met all the capital adequacy requirements to which they were subject. In addition, the Bank was “well capitalized” under the regulatory framework for prompt corrective action. Management believes that no conditions or events have occurred since March 31, 2024

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Taxes [Abstract]
Income Taxes	NOTE 11 – Income Taxes T he Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluated both positive and negative evidence, including any cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income and tax planning strategies. At March 31, 2024, the Company maintained a $449 thousand valuation allowance on its deferred tax assets because the number of shares sold in the private placements completed on April 6, 2021 triggered limitations on the use of certain tax attributes under the Section 382 of the federal tax code. The ability to use net operating losses (“NOLs”) to offset future taxable income will be restricted and these NOLs could expire or otherwise be unavailable. In general, under Section 382 of the Code and corresponding provisions of state law, a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change NOLs to offset future taxable income. For these purposes, an ownership change generally occurs where the aggregate stock ownership of one or more stockholders or groups of stockholders who owns at least 5% of a corporation’s stock increases its ownership by more than 50 percentage points over its lowest ownership percentage within a specified testing period.

Concentration of Credit Risk

Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2024
Concentration of Credit Risk [Abstract]
Concentration of Credit Risk	NOTE 12 – Concentration of Credit Risk The Bank has a significant concentration of deposits with two customers that accounted for approximately 12% of its deposits as of March The Bank a lso h March

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
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

Basis of Financial Statement _2

Basis of Financial Statement Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Basis of Financial Statement Presentation [Abstract]
Consolidation	The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, City First Bank, National Association (the “Bank” and, together with the Company, “City First Broadway”). Also included in the unaudited consolidated financial statements are the following subsidiaries of City First Bank: 1432 U Street LLC, Broadway Service Corporation, City First Real Estate LLC, City First Real Estate II LLC, City First Real Estate III LLC, City First Real Estate IV LLC, and CF New Markets Advisors, LLC (“CFNMA”). In addition, CFNMA also consolidates CFC Fund Manager II, LLC; City First New Markets Fund II, LLC; City First Capital IX, LLC; and City First Capital 45, LLC (“CFC 45”) into its financial results. All significant intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q. These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”) and, accordingly, should be read in conjunction with such audited consolidated financial statements. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024.
Reverse Stock Split	Reverse Stock Split On October 30, 2023, the Company effected a reverse stock split of the Company’s outstanding shares of Class A common stock, Class B common stock, and Class C common stock, par value $0.01 per share at a ratio of 1-for-8 8 shares ll common stock share amounts and per share numbers discussed herein have been retroactively adjusted f or the Reverse Stock Split. Except as discussed below, our accounting policies are described in Note 1 – Summary of Significant Accounting Policies of our audited consolidated financial statements included in the 2023 Form 10-K.

Earnings Per Share of Common _2

Earnings Per Share of Common Stock (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share of Common Stock [Abstract]
Basic and Diluted Earnings Per Share of Common Stock	The following table shows how the Company computed basic and diluted earnings per share of common stock for the periods indicated: Three Months Ended March 31, 2024 2023 ( Dollars per share data) Net (loss) income attributable to Broadway Financial Corporation $ (164 ) $ 1,573 Less net income attributable to participating securities 4 7 (Loss) income available to common stockholders $ (168 ) $ 1,566 Weighted average common shares outstanding for basic earnings per common share (1) 8,229,774 8,930,270 Add: dilutive effects of unvested restricted stock awards (1) 182,998 40,378 Weighted average common shares outstanding for diluted earnings per common share (1) 8,412,772 8,970,648 (Loss) earnings per common share - basic (1) $ (0.02 ) $ 0.18 (Loss) earnings per common share - diluted (1) $ (0.02 ) $ 0.17 (1) the 1-for-8

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Securities [Abstract]
Available-for-Sale Investment Securities Portfolios	The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios as of the dates indicated and the corresponding amounts of unrealized gains and losses which were recognized in accumulated other comprehensive loss: Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) March 31, 2024: Federal agency mortgage-backed securities $ 74,240 $ 2 $ (10,212 ) $ 64,030 Federal agency collateralized mortgage obligations (“CMO”) 23,977 7 (1,455 ) 22,529 Federal agency debt 50,945 – (3,099 ) 47,846 Municipal bonds 4,824 – (473 ) 4,351 U. S. Treasuries 147,305 – (2,861 ) 144,444 U.S. Small Business Administration (“SBA”) pools 11,783 3 (1,743 ) 10,043 Total available-for-sale securities $ 313,074 $ 12 $ (19,843 ) $ 293,243 December 31, 2023: Federal agency mortgage-backed securities $ 76,091 $ 3 $ (9,316 ) $ 66,778 Federal agency 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
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 March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 100,551 $ – $ (1,115 ) $ 99,436 Due after one year through five years 102,864 – (4,993 ) 97,871 Due after five years through ten years 27,891 9 (1,820 ) 26,080 Due after ten years (1) 81,768 3 (11,915 ) 69,856 $ 313,074 $ 12 $ (19,843 ) $ 293,243 (1) Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.
Securities in Continuous Unrealized Loss Position	The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) March 31, 2024 Federal agency mortgage-backed securities $ – $ – $ 63,839 $ (10,212 ) $ 63,839 $ (10,212 ) Federal agency CMOs – – 21,753 (1,455 ) 21,753 (1,455 ) Federal agency debt – – 47,846 (3,099 ) 47,846 (3,099 ) Municipal bonds – – 4,351 (473 ) 4,351 (473 ) U. S. Treasuries 53,568 (1,057 ) 90,875 (1,804 ) 144,443 (2,861 ) SBA pools 284 (1 ) 8,815 (1,742 ) 9,099 (1,743 ) Total unrealized loss position investment securities $ 53,852 $ (1,058 ) $ 237,479 $ (18,785 ) $ 291,331 $ (19,843 ) December 31, 2023: 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 unrealized loss position investment securities $ 3,304 $ ( 38 ) $ 312,424 $ ( 18,997 ) $ 315,728 $ ( 19,035 )

Loans Receivable Held for Inv_2

Loans Receivable Held for Investment (Tables)	3 Months Ended
	Mar. 31, 2024
Loans Receivable Held for Investment [Abstract]
Loans Receivable Held for Investment	Loans receivable held for investment were as follows as of the dates indicated: March 31, 2024 December 31, 2023 (In thousands) Real estate: Single-family $ 28,184 $ 24,702 Multi-family 601,126 561,447 Commercial real estate 124,717 119,436 Church 12,573 12,717 Construction 90,333 89,887 Commercial – other 63,538 63,450 SBA loans (1) 12,475 14,954 Consumer 14 13 Gross loans receivable before deferred loan costs and premiums 932,960 886,606 Unamortized net deferred loan costs and premiums 1,828 1,971 Gross loans receivable 934,788 888,577 Credit and interest marks on purchased loans, net (739 ) (772 ) Allowance for credit losses (7,552 ) (7,348 ) Loans receivable, net $ 926,497 $ 880,457 (1) Including Paycheck Protection Program (“PPP”) loans.
Carrying Amount of Purchased Credit Impaired Loans	The carrying amount of those loans was as follows: March 31, 2024 December 31, 2023 Real estate: (In thousands) Single-family $ – $ – Commercial – other 47 47 $ 47 $ 47
Discount on Purchased Credit Impaired Loans	The following tables summarizes the discount on the PCI loans for the three months ended: March 31, 2024 March 31, 2023 (In thousands) Balance at the beginning of the period $ 2 $ 27 Deduction due to payoffs – (12 ) Accretion (2 ) (4 ) Balance at the end of the period $ – $ 11
Activity in Allowance for Credit Losses on Loans and Activity in Allowance for Loan Losses by Loan Type	The following tables summarize the activity in the allowance for credit losses on loans for the periods indicated: March 31, 2024 Beginning Balance Charge-offs Recoveries Provision (recapture) Ending Balance Loans receivable held for investment: Single-family $ 260 $ – $ – $ 38 $ 298 Multi-family 4,413 – – (88 ) 4,325 Commercial real estate 1,094 – – 15 1,109 Church 72 – – 18 90 Construction 932 – – 24 956 Commercial - other 529 – – 193 722 SBA loans 48 – – 4 52 Consumer – – – – – Total $ 7,348 $ – $ – $ 204 $ 7,552 March 31 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (benefit) Ending Balance ( In thousands Loans receivable held for investment: Single-family $ 109 $ 214 $ – $ – $ ( 62 ) $ 261 Multi-family 3,273 603 – – 56 3,932 Commercial real estate 449 466 – – 97 1,012 Church 65 37 – – ( 10 ) 92 Construction 313 219 – – 61 593 Commercial - other 175 254 – – ( 72 ) 357 SBA loans – 20 – – 18 38 Consumer 4 ( 4 ) – – – – Total $ 4,388 $ 1,809 $ – $ – $ 88 $ 6,285
Collateral Dependent Loans By Collateral Type	The following table presents collateral dependent loans by collateral type as of the date indicated: March 31, 2024 Single-Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single-family $ 42 $ – $ – $ – $ 42 Multi-family – 401 – – 401 Commercial real estate – – 58 – 58 Church – – 388 – 388 Commercial – other – – – 267 267 Total $ 42 $ 401 $ 446 $ 267 $ 1,156 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
Aging of Recorded Investment in Past Due Loans by Loan Type	The following tables present the aging of the recorded investment in past due loans by loan type as of the dates indicated: March 31, 2024 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Loans receivable held for investment: Single-family $ – $ – $ – $ – $ 28,184 $ 28,184 Multi-family – – 401 401 602,553 602,954 Commercial real estate – – – – 124,717 124,717 Church – – – – 12,573 12,573 Construction – – – – 90,333 90,333 Commercial - other – – – – 63,538 63,538 SBA loans 9 360 – 369 12,106 12,475 Consumer – – – – 14 14 Total $ 9 $ 360 $ 401 $ 770 $ 934,018 $ 934,788 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: 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
Recorded Investment in Non-accrual Loans by Loan Type	The following table presents the recorded investment in non-accrual loans by loan type as of the dates indicated: March 31, 2024 December 31, 2023 (In thousands) Loans receivable held for investment: Multi-family $ 401 $ – Total non-accrual loans $ 401 $ –
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 the date indicated: Term Loans Amortized Cost Basis by Origination Year - As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total (In thousands) Single-family: Pass $ – $ 551 $ 4,135 $ 3,039 $ 2,050 $ 14,612 $ – $ 24,387 Watch – – – 745 869 714 – 2,328 Special Mention – – – – – 115 – 115 Substandard – – – – 1,354 – – 1,354 Total $ – $ 551 $ 4,135 $ 3,784 $ 4,273 $ 15,441 $ – $ 28,184 Multi-family: Pass $ 39,797 $ 86,356 $ 182,415 $ 144,826 $ 27,195 $ 92,345 $ – $ 572,934 Watch – – 4,667 6,168 – 4,377 – 15,212 Special Mention – – – – – 2,039 – 2,039 Substandard – – – 894 – 11,875 – 12,769 Total $ 39,797 $ 86,356 $ 187,082 $ 151,888 $ 27,195 $ 110,636 $ – $ 602,954 Commercial real estate: Pass $ 15,000 $ 1,751 $ 21,406 $ 25,877 $ 24,477 $ 22,487 $ – $ 110,998 Watch – – 440 – 5,256 2,579 – 8,275 Special Mention – 884 – – – – – 884 Substandard – – – – – 4,560 – 4,560 Total $ 15,000 $ 2,635 $ 21,846 $ 25,877 $ 29,733 $ 29,626 $ – $ 124,717 Church: Pass $ – $ 2,892 $ – $ 2,196 $ 1,735 $ 2,649 $ – $ 9,472 Watch – – – – – 1,490 – 1,490 Special Mention – – – – – 648 – 648 Substandard – – – – – 963 – 963 Total $ – $ 2,892 $ – $ 2,196 $ 1,735 $ 5,750 $ – $ 12,573 Construction: Pass $ – $ – $ – $ – $ – $ – $ – $ – Watch 954 43,787 31,126 8,094 – 1,841 – 85,802 Special Mention – 252 4,279 – – – – 4,531 Substandard – – – – – – – – Total $ 954 $ 44,039 $ 35,405 $ 8,094 $ – $ 1,841 $ – $ 90,333 Commercial – other: Pass $ – $ 15,000 $ 9,033 $ 80 $ 6,196 $ 7,632 $ – $ 37,941 Watch 17,594 – 312 – – 6,549 – 24,455 Special Mention – – – – 972 – – 972 Substandard – – – 170 – – – 170 Total $ 17,594 $ 15,000 $ 9,345 $ 250 $ 7,168 $ 14,181 $ – $ 63,538 SBA: Pass $ – $ 9,065 $ 150 $ 15 $ – $ 1,425 $ – $ 10,655 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – 446 1,374 – 1,820 Total $ – $ 9,065 $ 150 $ 15 $ 446 $ 2,799 $ – $ 12,475 Consumer: Pass $ 14 $ – $ – $ – $ – $ – $ – $ 14 Watch – – – – – – – – Special Mention – – – – – – – – Substandard – – – – – – – – Total $ 14 $ – $ – $ – $ – $ – $ – $ 14 Total loans: Pass $ 54,811 $ 115,615 $ 217,139 $ 176,033 $ 61,653 $ 141,150 $ – $ 766,401 Watch 18,548 43,787 36,545 15,007 6,125 17,550 – 137,562 Special Mention – 1,136 4,279 – 972 2,802 – 9,189 Substandard – – – 1,064 1,800 18,772 – 21,636 Total loans $ 73,359 $ 160,538 $ 257,963 $ 192,104 $ 70,550 $ 180,274 $ – $ 934,788 Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023 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

Goodwill and Core Deposit Int_2

Goodwill and Core Deposit Intangible (Tables)	3 Months Ended
	Mar. 31, 2024
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 three months ended March 31, 2024 : Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,858 $ 2,111 Additions – – Change in deferred tax estimate – – Amortization – (84 ) Balance at the end of the period $ 25,858 $ 2,027
Components of Carrying Value and Accumulated Amortization of Core Deposit Intangible	The carrying amount of the core deposit intangible consisted of the following at March 31, 2024 Core deposit intangible acquired $ 3,329 Less: accumulated amortization (1,302 ) $ 2,027
Estimated Amortization Expense for Core Deposit Intangible	The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): Remainder of 2024 $ 252 2025 315 2026 304 2027 291 2028 279 Thereafter 586 $ 2,027

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 64,030 $ – $ 64,030 Federal agency CMOs – 22,529 – 22,529 Federal agency debt – 47,846 – 47,846 Municipal bonds – 4,351 – 4,351 U.S. Treasuries 144,444 – – 144,444 SBA pools – 10,043 – 10,043 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
Fair Values of Financial Instruments	The following tables present the carrying amount, fair value, and level within the fair value hierarchy of the Company’s financial instruments not recorded at fair value on a recurring basis as of March 31, 2024 and December 31, 2023. Fair Value Measurements at March 31, 2024 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 67,122 $ 67,122 $ – $ – $ 67,122 Securities available-for-sale 293,243 144,444 148,799 – 293,243 Loans receivable held for investment 926,497 – – 778,813 778,813 Accrued interest receivable 5,638 416 1,343 3,879 5,638 Bank owned life insurance 3,286 3,286 – – 3,286 Financial Liabilities: Deposits $ 695,494 $ – $ 608,134 $ $ 608,134 FHLB advances 209,280 – 208,213 – 208,213 BTFP borrowing 100,000 – 100,000 – 100,000 Securities sold under agreements to repurchase 71,681 – 70,510 – 70,510 Accrued interest payable 2,810 – 2,810 – 2,810 Fair Value Measurements at December 31, 2023 Carrying 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 BTFP borrowing 100,000 – 100,000 – 100,000 Securities sold under agreements to repurchase 73,475 – 72,597 – 72,597 Notes payable 14,000 – – 14,000 14,000 Accrued interest payable 1,420 – 1,420 – 1,420

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Stock-based Compensation [Abstract]
Options Outstanding and Exercisable	Options outstanding and exercisable at March 31, 2024 were as follows: Outstanding Exercisable Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Number Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value 31,250 1.88 years $ 12.96 $ – 31,250 $ 12.96 $ –

ESOP Plan (Tables)

ESOP Plan (Tables)	3 Months Ended
	Mar. 31, 2024
ESOP Plan [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: March 31, 2024 December 31, 2023 (Dollars in thousands) Allocated to participants $ 148,778 $ 134,444 Committed to be released 7,509 28,669 Suspense shares 451,320 458,829 Total ESOP shares 607,607 621,942 Fair value of unearned shares $ 2,487 $ 4,217

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2024
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) March 31 2024 Community Bank Leverage Ratio $ 185,389 13.65 % $ 122,268 9.00 % December 31 2023 Community Bank Leverage Ratio $ 185,773 14.97 % $ 111,696 9.00 %

Basis of Financial Statement _3

Basis of Financial Statement Presentation (Details)	Nov. 01, 2023 $ / shares
Reverse Stock Split [Abstract]
Reverse stock split ratio	0.125
Common Class A [Member]
Reverse Stock Split [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Reverse stock split ratio	0.125
Common Class B [Member]
Reverse Stock Split [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Reverse stock split ratio	0.125
Common Class C [Member]
Reverse Stock Split [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Reverse stock split ratio	0.125

Earnings Per Share of Common _3

Earnings Per Share of Common Stock (Details) $ / shares in Units, $ in Thousands			3 Months Ended
		Nov. 01, 2023	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares
Earnings Per Share of Common Stock [Abstract]
Net (loss) income attributable to Broadway Financial Corporation | $			$ (164)	$ 1,573
Less net income attributable to participating securities | $			4	7
(Loss) income available to common stockholders | $			$ (168)	$ 1,566
Weighted average common shares outstanding for basic earnings per common share (in shares) | shares			8,229,774	8,930,270
Add: dilutive effects of unvested restricted stock awards (in shares) | shares	[1]		182,998	40,378
Weighted average common shares outstanding for diluted earnings per common share (in shares) | shares	[1]		8,412,772	8,970,648
(Loss) earnings per common share - basic (in dollars per share) | $ / shares	[1]		$ (0.02)	$ 0.18
(Loss) earnings per common share - diluted (in dollars per share) | $ / shares	[1]		$ (0.02)	$ 0.17
Reverse stock split ratio		0.125
[1]Retroactively adjusted, as applicable, for the 1-for-8

Securities, Available-for-Sale

Securities, Available-for-Sale Investment Securities Portfolios (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 313,074	$ 335,978
Gross unrealized gains	12	7
Gross unrealized losses	(19,843)	(19,035)
Fair value	293,243	316,950
Federal Agency Mortgage-backed Securities [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	74,240	76,091
Gross unrealized gains	2	3
Gross unrealized losses	(10,212)	(9,316)
Fair value	64,030	66,778
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	23,977	24,720
Gross unrealized gains	7	0
Gross unrealized losses	(1,455)	(1,381)
Fair value	22,529	23,339
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	50,945	50,893
Gross unrealized gains	0	0
Gross unrealized losses	(3,099)	(3,057)
Fair value	47,846	47,836
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	4,824	4,833
Gross unrealized gains	0	0
Gross unrealized losses	(473)	(460)
Fair value	4,351	4,373
U.S. Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	147,305	167,055
Gross unrealized gains	0	0
Gross unrealized losses	(2,861)	(3,175)
Fair value	144,444	163,880
SBA Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	11,783	12,386
Gross unrealized gains	3	4
Gross unrealized losses	(1,743)	(1,646)
Fair value	$ 10,043	$ 10,744

Securities, Additional Disclosu

Securities, Additional Disclosure (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	$ 78.6	$ 89
Securities of any one issuer, other than U.S. Government, exceeding 10% of stockholders' equity	0	0
Accrued interest receivable on securities	1.4	1.2
Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	78.6	89
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	37.9	47.8
Federal Agency Mortgage-backed Securities [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	30.3	30.2
Federal Agency Debt Securities [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	$ 10.4	$ 11

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Available for sale, amortized cost [Abstract]
Due in one year or less		$ 100,551
Due after one year through five years		102,864
Due after five years through ten years		27,891
Due after ten years	[1]	81,768
Amortized cost		313,074	$ 335,978
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		9
Due after ten years	[1]	3
Gross unrealized gains		12	7
Available for sale, gross unrealized loss [Abstract]
Due in one year or less		(1,115)
Due after one year through five years		(4,993)
Due after five years through ten years		(1,820)
Due after ten years	[1]	(11,915)
Gross unrealized losses		(19,843)	(19,035)
Available for sale, fair value [Abstract]
Due in one year or less		99,436
Due after one year through five years		97,871
Due after five years through ten years		26,080
Due after ten years	[1]	69,856
Fair value		$ 293,243	$ 316,950
[1] Mortgage-backed securities, collateralized mortgage obligations and SBA pools do not have a single stated maturity date and therefore have been included in the “Due after ten years” category.

Securities, Unrealized Loss Pos

Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 53,852	$ 3,304
More than 12 months, fair value	237,479	312,424
Total, fair value	291,331	315,728
Less than 12 months, unrealized losses	(1,058)	(38)
More than 12 months, unrealized losses	(18,785)	(18,997)
Total, unrealized losses	(19,843)	(19,035)
Debt Securities Available-for-Sale [Abstract]
Securities in nonaccrual status	0	0
Securities purchased with deterioration in credit quality	0	0
Collateral dependent securities	0	0
Allowance for credit losses on available-for-sale securities	0
Federal Agency Mortgage-backed Securities [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	0
More than 12 months, fair value	63,839	66,575
Total, fair value	63,839	66,575
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(10,212)	(9,316)
Total, unrealized losses	(10,212)	(9,316)
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	0
More than 12 months, fair value	21,753	23,339
Total, fair value	21,753	23,339
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(1,455)	(1,381)
Total, unrealized losses	(1,455)	(1,381)
Federal Agency Debt [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	3,018
More than 12 months, fair value	47,846	44,818
Total, fair value	47,846	47,836
Less than 12 months, unrealized losses	0	(37)
More than 12 months, unrealized losses	(3,099)	(3,020)
Total, unrealized losses	(3,099)	(3,057)
Municipal Bonds [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	0
More than 12 months, fair value	4,351	4,373
Total, fair value	4,351	4,373
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(473)	(460)
Total, unrealized losses	(473)	(460)
US Treasuries [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	53,568	0
More than 12 months, fair value	90,875	163,880
Total, fair value	144,443	163,880
Less than 12 months, unrealized losses	(1,057)	0
More than 12 months, unrealized losses	(1,804)	(3,175)
Total, unrealized losses	(2,861)	(3,175)
SBA Pools [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	284	286
More than 12 months, fair value	8,815	9,439
Total, fair value	9,099	9,725
Less than 12 months, unrealized losses	(1)	(1)
More than 12 months, unrealized losses	(1,742)	(1,645)
Total, unrealized losses	$ (1,743)	$ (1,646)

Loans Receivable Held for Inv_3

Loans Receivable Held for Investment, Summary (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 932,960	$ 886,606
Unamortized net deferred loan costs and premiums		1,828	1,971
Gross loans receivable		934,788	888,577
Credit and interest marks on purchased loans, net		(739)	(772)
Allowance for credit losses		(7,552)	(7,348)	$ (6,285)	$ (4,388)
Loans receivable, net		926,497	880,457
Real Estate [Member] | Single-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		28,184	24,702
Gross loans receivable		28,184	24,702
Allowance for credit losses		(298)	(260)	(261)	(109)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		601,126	561,447
Gross loans receivable		602,954	563,418
Allowance for credit losses		(4,325)	(4,413)	(3,932)	(3,273)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		124,717	119,436
Gross loans receivable		124,717	119,436
Allowance for credit losses		(1,109)	(1,094)	(1,012)	(449)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		12,573	12,717
Gross loans receivable		12,573	12,717
Allowance for credit losses		(90)	(72)	(92)	(65)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		90,333	89,887
Gross loans receivable		90,333	89,887
Allowance for credit losses		(956)	(932)	(593)	(313)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		63,538	63,450
Allowance for credit losses		$ (722)	$ (529)	(357)	(175)
Commercial - Other [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, interest rate		1%
Commercial - Other [Member] | PPP Loans [Member] | Minimum [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, term		2 years	2 years
Commercial - Other [Member] | PPP Loans [Member] | Maximum [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, term		5 years	5 years
SBA Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums	[1]	$ 12,475	$ 14,954
Gross loans receivable		12,475	14,954
Allowance for credit losses		(52)	(48)	(38)	0
SBA Loans [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		15	2,500
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		14	13
Gross loans receivable		14	13
Allowance for credit losses		$ 0	$ 0	$ 0	$ (4)
[1]Including Paycheck Protection Program (“PPP”) loans.

Loans Receivable Held for Inv_4

Loans Receivable Held for Investment, Purchased Credit Deteriorated (PCD) Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) Loan	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Purchased Credit Deteriorated Loans [Abstract]
Number of acquired loans with evidence of credit deterioration of credit quality since origination at acquisition | Loan	0
Loans receivable	$ 926,497		$ 880,457
Purchased Credit Impaired Loans [Member]
Discount on Purchased Credit Deteriorated Loans [Roll Forward]
Balance at the beginning of the period	2	$ 27
Deduction due to payoffs	0	(12)
Accretion	(2)	(4)
Balance at the end of the period	0	$ 11
Real Estate [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	47		47
Real Estate [Member] | Single-Family [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	0		0
Commercial - Other [Member] | Purchased Credit Impaired Loans [Member]
Purchased Credit Deteriorated Loans [Abstract]
Loans receivable	$ 47		$ 47

Loans Receivable Held for Inv_5

Loans Receivable Held for Investment, Activity in Allowance for Credit Losses on Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	$ 7,348	$ 4,388
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	204	88
Ending balance	7,552	6,285
Real Estate [Member] | Single-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	260	109
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	38	(62)
Ending balance	298	261
Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	4,413	3,273
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	(88)	56
Ending balance	4,325	3,932
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	1,094	449
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	15	97
Ending balance	1,109	1,012
Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	72	65
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	18	(10)
Ending balance	90	92
Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	932	313
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	24	61
Ending balance	956	593
Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	529	175
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	193	(72)
Ending balance	722	357
SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	48	0
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	4	18
Ending balance	52	38
Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	0	4
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	0	0
Ending balance	$ 0	0
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		1,809
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Single-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		214
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		603
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		466
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		37
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		219
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		254
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		20
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASU 2016-13 [Member] | Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance		$ (4)

Loans Receivable Held for Inv_6

Loans Receivable Held for Investment, Collateral Dependent Loans by Collateral Type (Details) $ in Thousands	Mar. 31, 2024 USD ($) Loan	Dec. 31, 2023 USD ($)
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 934,788	$ 888,577
ACL of individually evaluated loans	$ 111	112
Number of individually evaluated loans on nonaccrual status | Loan	1
Amount of individually evaluated loans on nonaccrual status	$ 410
Evaluated Based on Underlying Value of Collateral [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Individually evaluated loans	1,200	6,400
Evaluated Using Discounted Cash Flow Approach [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Individually evaluated loans	0	0
Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	1,156	6,441
Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	42	45
Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	401	5,672
Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	446	456
Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	267	268
Real Estate [Member] | Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	28,184	24,702
Real Estate [Member] | Single-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	42	45
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	42	45
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Multi-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	602,954	563,418
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	401	5,672
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	401	5,672
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Commercial Real Estate [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	124,717	119,436
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	58	65
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	58	65
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	12,573	12,717
Real Estate [Member] | Church [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	388	391
Real Estate [Member] | Church [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Church [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Real Estate [Member] | Church [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	388	391
Real Estate [Member] | Church [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Commercial - Other [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	267	268
Commercial - Other [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Commercial - Other [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Commercial - Other [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	0
Commercial - Other [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 267	$ 268

Loans Receivable Held for Inv_7

Loans Receivable Held for Investment, Aging of Recorded Investment in Past Due Loans by Loan Type (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 934,788	$ 888,577
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	770	780
30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	9	379
60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	360	401
Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	401	0
Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	934,018	887,797
Real Estate [Member] | Single-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	28,184	24,702
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	28,184	24,702
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	602,954	563,418
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	401
Real Estate [Member] | Multi-Family [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Real Estate [Member] | Multi-Family [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	401
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	401	0
Real Estate [Member] | Multi-Family [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	602,553	563,017
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	124,717	119,436
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	124,717	119,436
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	12,573	12,717
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	12,573	12,717
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	90,333	89,887
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	90,333	89,887
Commercial - Other [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	63,538	63,450
Commercial - Other [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Commercial - Other [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	63,538	63,450
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	12,475	14,954
SBA Loans [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	369	379
SBA Loans [Member] | 30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	9	379
SBA Loans [Member] | 60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	360	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	12,106	14,575
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	14	13
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	$ 14	$ 13

Loans Receivable Held for Inv_8

Loans Receivable Held for Investment, Recorded Investment in Non-accrual Loans by Loan Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 401	$ 0
Allowance for credit loss on nonaccrual financing receivable	0
Loans 90 days or more delinquent that were accruing interest	0	0
Modifications made to borrowers experiencing financial difficulty	0
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 401	$ 0

Loans Receivable Held for Inv_9

Loans Receivable Held for Investment, Internal Risk Grading, and by Year of Origination (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	$ 73,359
2023	160,538	$ 163,853
2022	257,963	258,814
2021	192,104	195,507
2020	70,550	70,946
2019		61,790
Prior	180,274	137,667
Revolving Loans	0	0
Total Loans	934,788	888,577
Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	54,811
2023	115,615	121,553
2022	217,139	218,195
2021	176,033	179,481
2020	61,653	62,328
2019		52,730
Prior	141,150	102,557
Revolving Loans	0	0
Total Loans	766,401	736,844
Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	18,548
2023	43,787	42,300
2022	36,545	40,619
2021	15,007	12,437
2020	6,125	6,786
2019		8,372
Prior	17,550	13,694
Revolving Loans	0	0
Total Loans	137,562	124,208
Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	1,136	0
2022	4,279	0
2021	0	3,589
2020	972	467
2019		325
Prior	2,802	1,460
Revolving Loans	0	0
Total Loans	9,189	5,841
Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	1,064	0
2020	1,800	1,365
2019		363
Prior	18,772	19,956
Revolving Loans	0	0
Total Loans	21,636	21,684
Real Estate [Member] | Single-Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	551	0
2022	4,135	2,474
2021	3,784	2,612
2020	4,273	4,305
2019		1,485
Prior	15,441	13,826
Revolving Loans	0	0
Total Loans	28,184	24,702
Real Estate [Member] | Single-Family [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	551	0
2022	4,135	2,474
2021	3,039	1,862
2020	2,050	2,940
2019		1,485
Prior	14,612	12,374
Revolving Loans	0	0
Total Loans	24,387	21,135
Real Estate [Member] | Single-Family [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	745	750
2020	869	0
2019		0
Prior	714	999
Revolving Loans	0	0
Total Loans	2,328	1,749
Real Estate [Member] | Single-Family [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	115	116
Revolving Loans	0	0
Total Loans	115	116
Real Estate [Member] | Single-Family [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	1,354	1,365
2019		0
Prior	0	337
Revolving Loans	0	0
Total Loans	1,354	1,702
Real Estate [Member] | Multi-Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	39,797
2023	86,356	81,927
2022	187,082	187,981
2021	151,888	152,754
2020	27,195	27,356
2019		46,060
Prior	110,636	67,340
Revolving Loans	0	0
Total Loans	602,954	563,418
Real Estate [Member] | Multi-Family [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	39,797
2023	86,356	81,927
2022	182,415	183,295
2021	144,826	145,652
2020	27,195	27,356
2019		44,511
Prior	92,345	47,119
Revolving Loans	0	0
Total Loans	572,934	529,860
Real Estate [Member] | Multi-Family [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	4,667	4,686
2021	6,168	6,203
2020	0	0
2019		1,186
Prior	4,377	6,474
Revolving Loans	0	0
Total Loans	15,212	18,549
Real Estate [Member] | Multi-Family [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	899
2020	0	0
2019		0
Prior	2,039	1,344
Revolving Loans	0	0
Total Loans	2,039	2,243
Real Estate [Member] | Multi-Family [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	894	0
2020	0	0
2019		363
Prior	11,875	12,403
Revolving Loans	0	0
Total Loans	12,769	12,766
Real Estate [Member] | Commercial Real Estate [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	15,000
2023	2,635	9,881
2022	21,846	22,573
2021	25,877	26,019
2020	29,733	29,970
2019		7,043
Prior	29,626	23,950
Revolving Loans	0	0
Total Loans	124,717	119,436
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	15,000
2023	1,751	9,881
2022	21,406	22,131
2021	25,877	26,019
2020	24,477	24,684
2019		6,718
Prior	22,487	15,106
Revolving Loans	0	0
Total Loans	110,998	104,539
Real Estate [Member] | Commercial Real Estate [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	440	442
2021	0	0
2020	5,256	5,286
2019		0
Prior	2,579	2,599
Revolving Loans	0	0
Total Loans	8,275	8,327
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]
2024	0
2023	884	0
2022	0	0
2021	0	0
2020	0	0
2019		325
Prior	0	0
Revolving Loans	0	0
Total Loans	884	325
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	4,560	6,245
Revolving Loans	0	0
Total Loans	4,560	6,245
Real Estate [Member] | Church [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	2,892	2,923
2022	0	0
2021	2,196	2,210
2020	1,735	1,748
2019		636
Prior	5,750	5,200
Revolving Loans	0	0
Total Loans	12,573	12,717
Real Estate [Member] | Church [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	2,892	2,923
2022	0	0
2021	2,196	2,210
2020	1,735	1,748
2019		0
Prior	2,649	2,704
Revolving Loans	0	0
Total Loans	9,472	9,585
Real Estate [Member] | Church [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		636
Prior	1,490	1,525
Revolving Loans	0	0
Total Loans	1,490	2,161
Real Estate [Member] | Church [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	648	0
Revolving Loans	0	0
Total Loans	648	0
Real Estate [Member] | Church [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	963	971
Revolving Loans	0	0
Total Loans	963	971
Real Estate [Member] | Construction [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	954
2023	44,039	42,300
2022	35,405	36,288
2021	8,094	9,202
2020	0	0
2019		0
Prior	1,841	2,097
Revolving Loans	0	0
Total Loans	90,333	89,887
Real Estate [Member] | Construction [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	1,109
2021	0	1,198
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	2,307
Real Estate [Member] | Construction [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	954
2023	43,787	42,300
2022	31,126	35,179
2021	8,094	5,484
2020	0	0
2019		0
Prior	1,841	2,097
Revolving Loans	0	0
Total Loans	85,802	85,060
Real Estate [Member] | Construction [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	252	0
2022	4,279	0
2021	0	2,520
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	4,531	2,520
Real Estate [Member] | Construction [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	0
Commercial - Other [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	17,594
2023	15,000	15,000
2022	9,345	9,389
2021	250	257
2020	7,168	7,100
2019		6,550
Prior	14,181	25,154
Revolving Loans	0	0
Total Loans	63,538	63,450
Commercial - Other [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	15,000	15,000
2022	9,033	9,077
2021	80	87
2020	6,196	5,600
2019		0
Prior	7,632	25,154
Revolving Loans	0	0
Total Loans	37,941	54,918
Commercial - Other [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	17,594
2023	0	0
2022	312	312
2021	0	0
2020	0	1,500
2019		6,550
Prior	6,549	0
Revolving Loans	0	0
Total Loans	24,455	8,362
Commercial - Other [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	170
2020	972	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	972	170
Commercial - Other [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	170	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	170	0
SBA Loans [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	9,065	11,809
2022	150	109
2021	15	2,453
2020	446	467
2019		16
Prior	2,799	100
Revolving Loans	0	0
Total Loans	12,475	14,954
SBA Loans [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	9,065	11,809
2022	150	109
2021	15	2,453
2020	0	0
2019		16
Prior	1,425	100
Revolving Loans	0	0
Total Loans	10,655	14,487
SBA Loans [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	0
SBA Loans [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	467
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	467
SBA Loans [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	446	0
2019		0
Prior	1,374	0
Revolving Loans	0	0
Total Loans	1,820	0
Consumer [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	14
2023	0	13
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	14	13
Consumer [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	14
2023	0	13
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	14	13
Consumer [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	0
Consumer [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	0
Consumer [Member] | Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	$ 0	$ 0

Loans Receivable Held for In_10

Loans Receivable Held for Investment, Off-Balance Sheet Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Off-Balance Sheet Commitments [Abstract]
Allowance for off-balance sheet commitments	$ 420	$ 364
Provision for off balance sheet loan commitments	$ 56

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible, Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance at the beginning of the period	$ 25,858
Additions	0
Change in deferred tax estimate	0
Amortization	0
Balance at the end of the period	25,858
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period	2,111
Amortization	(84)	$ (98)
Balance at the end of the period	2,027
Core Deposit Intangible [Member]
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period	2,111
Additions	0
Change in deferred tax estimate	0
Amortization	(84)
Balance at the end of the period	$ 2,027

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible, Components of Carrying Amount of Core Deposit Intangible (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Net core deposit intangible	$ 2,027	$ 2,111
Core Deposits [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Core deposit intangible acquired	3,329
Less: accumulated amortization	(1,302)
Net core deposit intangible	$ 2,027	$ 2,111

Goodwill and Core Deposit Int_5

Goodwill and Core Deposit Intangible, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 2,027	$ 2,111
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
Remainder of 2024	252
2025	315
2026	304
2027	291
2028	279
Thereafter	586
Net core deposit intangible	$ 2,027	$ 2,111

Borrowings, Liabilities Securit

Borrowings, Liabilities Securities Sold under Agreements to Repurchase (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 71,681	$ 73,475
Weighted average rate on repurchase agreements	3.62%	3.64%
Securities pledged as collateral	$ 78,600	$ 89,000

Borrowings, Other Borrowings (D

Borrowings, Other Borrowings (Details) $ in Thousands			1 Months Ended	3 Months Ended
	Mar. 11, 2024 USD ($)	Dec. 27, 2023 USD ($)	Jan. 31, 2024 USD ($)	Mar. 31, 2024 USD ($) Note	Dec. 31, 2023 USD ($)
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks				$ 209,280	$ 209,319
Loans receivable				926,497	880,457
Bank term funding program outstanding amount				100,000	100,000
Securities pledged as collateral				78,600	89,000
Notes payable				$ 0	14,000
Number of notes payables | Note				2
Other Financial Institutions [Member]
Debt Instrument [Abstract]
Lines of credit, maximum borrowing capacity				$ 10,000	10,000
Line of credit maturity period				30 days
Outstanding amount of line of credit				$ 0	0
Federal Reserve for Borrowings under Bank Term Funding Program [Member]
Debt Instrument [Abstract]
Bank term funding program borrowing amount	$ 0	$ 100,000
Bank term funding program outstanding amount				$ 100,000	100,000
Interest rate				4.84%
Debt instrument, maturity date				Dec. 29, 2024
Prepayment penalties for early payoff				$ 0
Asset Pledged as Collateral [Member] | Federal Reserve for Borrowings under Bank Term Funding Program [Member]
Debt Instrument [Abstract]
Securities pledged as collateral				98,300	98,300
FHLB of Atlanta [Member]
Debt Instrument [Abstract]
FHLB advances, additional amount eligible to borrow				$ 105,000
Note A [Member]
Debt Instrument [Abstract]
Interest rate				5.20%
Notes payable				$ 9,900
Notes paid off			$ 9,900
Note B [Member]
Debt Instrument [Abstract]
Interest rate				0.24%
Notes payable				$ 4,100
Notes paid off			$ 4,100
Federal Home Loan Bank Advances [Member]
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks				$ 209,300	$ 209,300
Weighted average interest rate				4.91%	4.91%
Weighted average contractual maturity				2 months	2 months
Federal Home Loan Bank Advances [Member] | Asset Pledged as Collateral [Member]
Debt Instrument [Abstract]
Loans receivable				$ 419,200	$ 435,400
Federal Home Loan Bank Advances [Member] | FHLB of Atlanta [Member]
Debt Instrument [Abstract]
Borrowings approved amount, in terms of percentage on total assets				25%

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 293,243	$ 316,950
Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	64,030	66,778
Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	22,529	23,339
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	47,846	47,836
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,351	4,373
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	144,444	163,880
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	10,043	10,744
Recurring Basis [Member] | Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	64,030	66,778
Recurring Basis [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	22,529	23,339
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	47,846	47,836
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,351	4,373
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	144,444	163,880
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	10,043	10,744
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	144,444	163,880
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	64,030	66,778
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	22,529	23,339
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	47,846	47,836
Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,351	4,373
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	10,043	10,744
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	0	0
Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 0	$ 0

Fair Value, Assets Measured o_2

Fair Value, Assets Measured on Non-Recurring Basis (Details) - Non-Recurring Basis [Member] - Impaired Loans Carried at Fair Value [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Net Asset (Liability) [Abstract]
Assets, fair value	$ 0	$ 0
Liabilities fair value	$ 0	$ 0

Fair Value, Fair Values of Fina

Fair Value, Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Assets [Abstract]
Securities available-for-sale	$ 293,243	$ 316,950
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	67,122	105,195
Securities available-for-sale	293,243	316,950
Loans receivable held for investment	926,497	880,457
Accrued interest receivable	5,638	4,938
Bank owned life insurance	3,286	3,275
Financial Liabilities [Abstract]
Deposits	695,494	682,635
FHLB advances	209,280	209,319
BTFP borrowing	100,000	100,000
Securities sold under agreements to repurchase	71,681	73,475
Notes payable		14,000
Accrued interest payable	2,810	1,420
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	67,122	105,195
Securities available-for-sale	293,243	316,950
Loans receivable held for investment	778,813	746,539
Accrued interest receivable	5,638	4,938
Bank owned life insurance	3,286	3,275
Financial Liabilities [Abstract]
Deposits	608,134	536,171
FHLB advances	208,213	208,107
BTFP borrowing	100,000	100,000
Securities sold under agreements to repurchase	70,510	72,597
Notes payable		14,000
Accrued interest payable	2,810	1,420
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	67,122	105,195
Securities available-for-sale	144,444	163,880
Loans receivable held for investment	0	0
Accrued interest receivable	416	306
Bank owned life insurance	3,286	3,275
Financial Liabilities [Abstract]
Deposits	0	0
FHLB advances	0	0
BTFP borrowing	0	0
Securities sold under agreements to repurchase	0	0
Notes payable		0
Accrued interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	148,799	153,070
Loans receivable held for investment	0	0
Accrued interest receivable	1,343	1,301
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	608,134	536,171
FHLB advances	208,213	208,107
BTFP borrowing	100,000	100,000
Securities sold under agreements to repurchase	70,510	72,597
Notes payable		0
Accrued interest payable	2,810	1,420
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	778,813	746,539
Accrued interest receivable	3,879	3,331
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits		0
FHLB advances	0	0
BTFP borrowing	0	0
Securities sold under agreements to repurchase	0	0
Notes payable		14,000
Accrued interest payable	$ 0	$ 0

Stock-based Compensation, Long-

Stock-based Compensation, Long-Term Incentive Plan (Details) - USD ($) $ in Thousands			1 Months Ended		3 Months Ended
	Mar. 26, 2024	Jun. 21, 2023	Feb. 28, 2023	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Jun. 20, 2023
Stock-based Compensation [Abstract]
Stock based compensation expense					$ 77	$ 38
2018 LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)							161,638
2018 LTIP [Member] | Directors [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)			9,230
Restricted stock awards vested (in shares)			9,230
Stock based compensation expense					$ 0	$ 96
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)				61,907
Restricted stock awards forfeited (in shares)					17,012
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Minimum [Member]
Stock-based Compensation [Abstract]
Award vesting period					36 months
2018 LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Award vesting period					60 months
Amended and Restated LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)		649,138
Number of additional share authorized for issuance (in shares)		487,500
Aggregate number of shares awarded to date under the plan (in shares)					293,681
Shares available for awards (in shares)					355,458
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member]
Stock-based Compensation [Abstract]
Restricted stock awards issued (in shares)	94,413	92,700
Restricted stock awards forfeited (in shares)					11,237
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Minimum [Member]
Stock-based Compensation [Abstract]
Award vesting period					36 months
Amended and Restated LTIP [Member] | Officers and Employees [Member] | Restricted Stock [Member] | Maximum [Member]
Stock-based Compensation [Abstract]
Award vesting period					60 months

Stock-based Compensation, Stock

Stock-based Compensation, Stock Option Activity (Details) $ in Thousands		3 Months Ended
	Nov. 01, 2023	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense | $		$ 77	$ 38
Reverse stock split ratio	0.125
Stock Options [Member]
Number Outstanding [Roll Forward]
Granted during period (in shares)		0	0
Exercised during period (in shares)		0	0
Forfeited or expired during period (in shares)		0	0
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense | $		$ 0	$ 0

Stock-based Compensation, Optio

Stock-based Compensation, Options Outstanding and Exercisable (Details) - Stock Options [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares	31,250
Weighted Average Remaining Contractual Life	1 year 10 months 17 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.96
Aggregate Intrinsic Value | $	$ 0
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares	31,250
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 12.96
Aggregate Intrinsic Value | $	$ 0

ESOP Plan (Details)

ESOP Plan (Details) $ / shares in Units, $ in Thousands		3 Months Ended		12 Months Ended
	Nov. 01, 2023	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
ESOP Plan [Abstract]
Number of common stock purchased by ESOP (in shares) | shares				369,958	58,369
Purchase price of common stock (in dollars per share) | $ / shares				$ 9.19	$ 8.57
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 | $		$ 47	$ 12
Shares Held by ESOP [Abstract]
Allocated to participants (in shares) | shares		148,778		134,444
Committed to be released (in shares) | shares		7,509		28,669
Suspense shares (in shares) | shares		451,320		458,829
Total ESOP shares (in shares) | shares		607,607		621,942
Fair value of unearned shares | $		$ 2,487		$ 4,217
Unearned ESOP shares | $		$ 4,420		$ 4,492
Reverse stock split ratio	0.125

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Actual [Abstract]
Community Bank Leverage Ratio, Amount	$ 185,389	$ 185,773
Community Bank Leverage Ratio, Ratio	0.1365	0.1497
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount	$ 122,268	$ 111,696
Community Bank Leverage Ratio, Ratio	0.09	0.09

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Valuation Allowance [Abstract]
Cumulative losses lookback period	2 years
Deferred tax assets, valuation allowance	$ 449

Concentration of Credit Risk (D

Concentration of Credit Risk (Details) - Customer Concentration Risk [Member]	3 Months Ended
	Mar. 31, 2024 Customer
Deposits [Member]
Concentration Percentage [Abstract]
Number of significant customers	2
Deposits [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	12%
Securities Sold under Agreements to Repurchase [Member]
Concentration Percentage [Abstract]
Number of significant customers	1
Securities Sold under Agreements to Repurchase [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	86%