Broadway Financial (BYFC) 10-Q 13 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	001-39043
Entity Registrant Name	BROADWAY FINANCIAL CORPORATION
Entity Central Index Key	0001001171
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4547287
Entity Address, Address Line One	4601 Wilshire Boulevard, Suite 150
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	323
Local Phone Number	634-1700
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BYFC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	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		6,014,229
Class B Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,425,574
Class C Non-Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,672,562

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 3,232	$ 5,460
Interest-bearing deposits in other banks	93,847	99,735
Cash and cash equivalents	97,079	105,195
Securities available-for-sale, at fair value (amortized cost of $251,545 and $335,978)	238,489	316,950
Loans receivable held for investment, net of allowance of $8,527 and $7,348	966,788	880,457
Accrued interest receivable	5,744	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	9,467	9,840
Bank owned life insurance, net	3,309	3,275
Deferred tax assets, net	8,415	9,538
Core deposit intangible, net	1,859	2,111
Goodwill	25,858	25,858
Other assets	2,212	3,543
Total assets	1,373,055	1,375,404
Liabilities:
Deposits	672,248	682,635
Securities sold under agreements to repurchase	89,798	73,475
FHLB advances	208,568	209,319
Bank Term Funding Program ("BTFP") borrowing	100,000	100,000
Notes payable	0	14,000
Accrued expenses and other liabilities	15,850	13,878
Total liabilities	1,086,464	1,093,307
Additional paid-in capital	141,998	142,601
Retained earnings	13,179	12,552
Unearned Employee Stock Ownership Plan ("ESOP") shares	(4,275)	(4,492)
Accumulated other comprehensive loss, net of tax	(9,278)	(13,525)
Treasury stock-at cost, 327,228 shares at September 30, 2024 and at December 31, 2023	(5,326)	(5,326)
Total Broadway Financial Corporation and Subsidiary stockholders' equity	286,392	281,903
Non-controlling interest	199	194
Total liabilities and stockholders' equity	1,373,055	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	63	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	Sep. 30, 2024	Dec. 31, 2023
Assets [Abstract]
Amortized cost	$ 251,545	$ 335,978
Allowance for loan losses	$ 8,527	$ 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)	6,341,869	6,242,089
Common stock, shares outstanding (in shares)	6,014,641	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 Income (Loss) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Interest income:
Interest and fees on loans receivable	$ 12,796	$ 9,406		$ 36,104	$ 27,039
Interest on available-for-sale securities	1,635	2,180		5,586	6,543
Other interest income	1,735	341		4,757	1,028
Total interest income	16,166	11,927		46,447	34,610
Interest expense:
Interest on deposits	3,209	2,126		9,094	4,978
Interest on borrowings	4,627	3,028		13,581	7,317
Total interest expense	7,836	5,154		22,675	12,295
Net interest income	8,330	6,773		23,772	22,315
Provision for (recovery of) credit losses	399	(2)		1,153	808
Net interest income after provision for credit losses	7,931	6,775		22,619	21,507
Non-interest income:
Service charges	36	42		114	141
Other	380	289		881	739
Total non-interest income	416	331		995	880
Non-interest expense:
Compensation and benefits	4,432	4,380		13,298	11,863
Occupancy expense	505	466		1,372	1,354
Information services	754	698		2,124	2,148
Professional services	982	629		2,955	1,741
Supervisory costs	196	157		589	452
Office services and supplies	33	24		115	72
Advertising and promotional expense	19	11		110	138
Corporate insurance	27	61		152	184
Appraisal and other loan expense	47	69		98	138
Amortization of core deposit intangible	84	98		252	293
Travel expense	50	39		184	154
Other expense	465	349		1,435	1,117
Total non-interest expense	7,594	6,981		22,684	19,654
Income before income taxes	753	125		930	2,733
Income tax expense	209	39		298	806
Net income	544	86		632	1,927
Less: Net income (loss) attributable to non-controlling interest	22	(5)		5	20
Net income attributable to Broadway Financial Corporation	522	91		627	1,907
Less: Preferred stock dividends	750	0		817	0
Net (loss) income attributable to common stockholders	(228)	91		(190)	1,907
Other comprehensive income (loss), net of tax:
Unrealized income (losses) on securities available-for-sale arising during the period	5,900	(2,677)		5,971	(2,600)
Income tax expense (benefit)	1,703	(770)		1,724	(747)
Other comprehensive income (loss), net of tax	4,197	(1,907)		4,247	(1,853)
Comprehensive income (loss)	$ 3,969	$ (1,816)		$ 4,057	$ 54
(Loss) earnings per common share-basic (in dollars per share)	$ (0.03)	$ 0.01	[1]	$ (0.02)	$ 0.21	[1]
(Loss) earnings per common share-diluted (in dollars per share)	$ (0.03)	$ 0.01	[1]	$ (0.02)	$ 0.21	[1]
[1]Retroactively adjusted, as applicable, for the 1-for-8

Consolidated Statements of Op_2

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

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 632	$ 1,927
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,153	808
Depreciation	502	490
Net change of deferred loan origination costs	370	264
Net accretion of premiums and discounts on available-for-sale securities	(674)	(778)
Accretion of purchase accounting marks on loans	(286)	(148)
Amortization of core deposit intangible	252	293
Accretion of premium on FHLB advances	(8)	(18)
ESOP compensation expense	137	33
Earnings on bank owned life insurance	(34)	(31)
Change in assets and liabilities:
Net change in deferred taxes	(601)	579
Net change in accrued interest receivable	(806)	(952)
Net change in other assets	1,331	(266)
Net change in accrued expenses and other liabilities	1,972	1,554
Net cash provided by operating activities	4,235	4,023
Cash flows from investing activities:
Net change in loans receivable held for investment	(87,568)	(70,043)
Principal payments on available-for-sale securities	85,106	10,498
Purchase of FHLB stock	(136)	(7,534)
Proceeds from redemption of FHLB stock	0	3,939
Proceeds from redemption of FRB stock	0	1,721
Purchase of office properties and equipment	(129)	(114)
Net cash used in investing activities	(2,727)	(61,533)
Cash flows from financing activities:
Net change in deposits	(10,387)	(15,447)
Net change in securities sold under agreements to repurchase	16,323	12,344
Purchase of unreleased ESOP shares	0	(3,400)
Repayment of notes payable	(14,000)	0
Cash dividends paid - ECIP	(817)	0
Proceeds from FHLB advances	176,000	329,000
Repayments of FHLB advances	(176,743)	(269,605)
Net cash (used in) provided by financing activities	(9,624)	52,892
Net change in cash and cash equivalents	(8,116)	(4,618)
Cash and cash equivalents at beginning of the period	105,195	16,105
Cash and cash equivalents at end of the period	97,079	11,487
Supplemental disclosures of cash flow information:
Cash paid for interest	19,285	11,785
Cash paid for income taxes	317	236
Directors [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	96	95
Employees, Excluding Directors [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	$ 199	$ 173

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock [Member] Preferred Stock Non-Voting [Member]	Preferred Stock [Member] Preferred Stock Non-Voting [Member] Employees, Excluding Directors [Member]	Preferred Stock [Member] Preferred Stock Non-Voting [Member] Directors [Member]	Common Stock [Member] Common Stock Voting [Member]	Common Stock [Member] Common Stock Voting [Member] Employees, Excluding Directors [Member]	Common Stock [Member] Common Stock Voting [Member] Directors [Member]	Common Stock [Member] Common Stock Non-Voting [Member]	Common Stock [Member] Common Stock Non-Voting [Member] Employees, Excluding Directors [Member]	Common Stock [Member] Common Stock Non-Voting [Member] Directors [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Employees, Excluding Directors [Member]	Additional Paid-in Capital [Member] Directors [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Other Comprehensive Loss [Member] Employees, Excluding Directors [Member]	Accumulated Other Comprehensive Loss [Member] Directors [Member]	Retained Earnings [Member]	Retained Earnings [Member] Employees, Excluding Directors [Member]	Retained Earnings [Member] Directors [Member]	Unearned ESOP Shares [Member]	Unearned ESOP Shares [Member] Employees, Excluding Directors [Member]	Unearned ESOP Shares [Member] Directors [Member]	Treasury Stock [Member]	Treasury Stock [Member] Employees, Excluding Directors [Member]	Treasury Stock [Member] Directors [Member]	Non-Controlling Interest [Member]	Non-Controlling Interest [Member] Employees, Excluding Directors [Member]	Non-Controlling Interest [Member] Directors [Member]	Total	Employees, Excluding Directors [Member]	Directors [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Preferred Stock [Member] Preferred Stock Non-Voting [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Stock Voting [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] Common Stock Non-Voting [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Accumulated Other Comprehensive Loss [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Unearned ESOP Shares [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Non-Controlling Interest [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Balance at Dec. 31, 2022	$ 150,000			$ 64			$ 31			$ 144,157			$ (17,473)			$ 9,294			$ (1,265)			$ (5,326)			$ 170			$ 279,652			$ (1,256)	$ (1,256)	$ 150,000	$ 64	$ 31	$ 144,157	$ (17,473)	$ 8,038	$ (1,265)	$ (5,326)	$ 170	$ 278,396
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]																												ASU 2016-13 [Member]
Net income (loss)	0			0			0			0			0			1,907			0			0			20			$ 1,927
Release of unearned ESOP shares	0			0			0			(15)			0			0			48			0			0			33
Stock-based compensation expense		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 173	$ 95		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 173	$ 95
ESOP adjustment	0			0			0			0			0			0			(214)			0			0			(214)
Purchase of unreleased ESOP shares	0			0			0			0			0			0			(3,400)			0			0			(3,400)
Other comprehensive income (loss), net of tax	0			0			0			0			(1,853)			0			0			0			0			(1,853)
Balance at Sep. 30, 2023	150,000			64			31			144,410			(19,326)			9,945			(4,831)			(5,326)			190			275,157
Balance at Jun. 30, 2023	150,000			65			31			144,331			(17,419)			9,854			(4,247)			(5,326)			195			277,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0			0			0			0			0			91			0			0			(5)			86
Release of unearned ESOP shares	0			0			0			(5)			0			0			16			0			0			11
Stock-based compensation expense		0	0		(1)	0		0	0		88	(4)		0	0		0	0		0	0		0	0		0	0		87	(4)
Purchase of unreleased ESOP shares	0			0			0			0			0			0			(600)			0			0			(600)
Other comprehensive income (loss), net of tax	0			0			0			0			(1,907)			0			0			0			0			(1,907)
Balance at Sep. 30, 2023	150,000			64			31			144,410			(19,326)			9,945			(4,831)			(5,326)			190			275,157
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 income (loss)	0			0			0			0			0			627			0			0			5			632
Release of unearned ESOP shares	0			1			0			(81)			0			0			217			0			0			137
Stock-based compensation expense		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 199	$ 96		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ 199	$ 96
Dividends declared and paid - ECIP	0			0			0			(817)			0			0			0			0			0			(817)
Other comprehensive income (loss), net of tax	0			0			0			0			4,247			0			0			0			0			4,247
Balance at Sep. 30, 2024	150,000			63			31			141,998			(9,278)			13,179			(4,275)			(5,326)			199			286,591
Balance at Jun. 30, 2024	150,000			64			31			142,690			(13,475)			12,657			(4,348)			(5,326)			177			282,470
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	0			0			0			0			0			522			0			0			22			544
Release of unearned ESOP shares	0			(1)			0			(26)			0			0			73			0			0			46
Stock-based compensation expense	0			0			0			84			0			0			0			0			0			84
Dividends declared and paid - ECIP	0			0			0			(750)			0			0			0			0			0			(750)
Other comprehensive income (loss), net of tax	0			0			0			0			4,197			0			0			0			0			4,197
Balance at Sep. 30, 2024	$ 150,000			$ 63			$ 31			$ 141,998			$ (9,278)			$ 13,179			$ (4,275)			$ (5,326)			$ 199			$ 286,591

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. 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. Accounting Pronouncements Recently Issued In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40) Disaggregation of Income Statement Expenses 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 eight shares ll common stock share amounts and per share numbers discussed herein have been retroactively adjusted f or the Reverse Stock Split.

Earnings Per Share of Common St

Earnings Per Share of Common Stock	9 Months Ended
	Sep. 30, 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 any undistributed earnings attributable to participating securities by the weighted average common shares outstanding during the period. The weighted average common shares outstanding includes the weighted average number of shares of common stock outstanding less the weighted average number of unvested shares of restricted common stock. Employee Stock Ownership Plan (“ESOP”) shares are considered outstanding for this calculation unless unearned. Diluted earnings per share of common stock includes the dilutive effect of unvested stock awards and additional potential common shares issuable under stock compensation plans. Stock options for 12,500 and 31,250 shares of common stock at September 30,2024 and 2023, respectively, were not considered in computing diluted earnings per common share because they were anti‑dilutive. The following table shows how the Company computed basic and diluted earnings per share of common stock for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except share and per share data) Net income $ 522 $ 91 $ 627 $ 1,907 Less: Net income attributable to participating securities 5 1 4 27 Less: Preferred stock dividends 750 – 817 – Net (loss) income available to common stockholders $ (233 ) $ 90 $ (194 ) $ 1,880 Weighted average common shares outstanding for basic earnings per common share (1) 8,520,730 8,709,301 8,386,919 8,756,189 Add: Effects of unvested restricted stock awards (1) 163,566 116,493 179,156 123,004 Weighted average common shares outstanding for diluted earnings per common share (1) 8,684,296 8,825,794 8,566,075 8,879,193 (Loss) earnings per common share - basic (1) $ (0.03 ) $ 0.01 $ (0.02 ) $ 0.21 (Loss) earnings per common share - diluted (1) $ (0.03 ) $ 0.01 $ (0.02 ) $ 0.21 (1) Retroactively adjusted, as applicable, 1-for-8

Securities

Securities	9 Months Ended
	Sep. 30, 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) September 30, 2024: Federal agency mortgage-backed securities $ 64,839 $ 8 $ (7,639 ) $ 57,208 Federal agency collateralized mortgage obligations (“CMO”) 22,182 7 (881 ) 21,308 Federal agency debt 46,050 2 (1,888 ) 44,164 Municipal bonds 4,808 – (353 ) 4,455 U. S. Treasuries 102,725 – (987 ) 101,738 U.S. Small Business Administration (“SBA”) pools 10,941 6 (1,331 ) 9,616 Total available-for-sale securities $ 251,545 $ 23 $ (13,079 ) $ 238,489 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 September 30, 2024, investment securities with a fair value of $97.6 million were pledged as collateral for securities sold under agreements to repurchase and included $56.2 million of U.S. Treasury securities, $31.1 million of federal agency debt securities, $5.8 million of federal agency mortgage-backed securities and $4.4 million of SBA pool investments. 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. Treasury securities, $30.2 million of federal agency debt securities, and $11.0 million of federal agency mortgage-backed securities. Investment securities with a fair value of $94.3 million and $98.3 million were pledged as collateral for the BTFP borrowing as of September (See Note 6 – Borrowings). Accrued interest receivable on securities was $887 thousand and $1.2 million at September 30, 2024 and December 31, 2023, respectively, and is included in the consolidated statements of financial condition under accrued interest receivable At September 30 , 2024 The amortized cost and estimated fair value of all investment securities available-for-sale at September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 100,746 $ – $ (886 ) $ 99,860 Due after one year through five years 49,392 2 (2,142 ) 47,252 Due after five years through ten years 24,899 13 (1,006 ) 23,906 Due after ten years 76,508 8 (9,045 ) 67,471 $ 251,545 $ 23 $ (13,079 ) $ 238,489 The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) September 30, 2024 Federal agency mortgage-backed securities $ – $ – $ 56,732 $ (7,639 ) $ 56,732 $ (7,639 ) Federal agency CMOs – – 20,536 (881 ) 20,536 (881 ) Federal agency debt – – 41,635 (1,888 ) 41,635 (1,888 ) Municipal bonds – – 4,455 (353 ) 4,455 (353 ) U. S. Treasuries – – 101,738 (987 ) 101,738 (987 ) SBA pools – – 8,539 (1,331 ) 8,539 (1,331 ) Total unrealized loss position investment securities $ – $ – $ 233,635 $ (13,079 ) $ 233,635 $ (13,079 ) 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 September 30, 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 September 30, 2024, and December 31, 2023, there were no securities purchased with deterioration in credit quality since their origination. At September 30, 2024, and December 31, 2023, there were no collateral dependent securities. The Company’s assessment of available-for-sale investment securities as of September 30, 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 September 30, 2024 or December 31, 2023.

Loans Receivable Held for Inves

Loans Receivable Held for Investment	9 Months Ended
	Sep. 30, 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: September 30, 2024 December 31, 2023 (In thousands) Real estate: Single-family $ 23,845 $ 24,702 Multi-family 625,662 561,447 Commercial real estate 163,258 119,436 Church 9,543 12,717 Construction 79,396 89,887 Commercial – other 71,236 63,450 SBA loans (1) 895 14,954 Consumer 20 13 Gross loans receivable before deferred loan costs and premiums 973,855 886,606 Unamortized net deferred loan costs and premiums 1,896 1,971 Gross loans receivable 975,751 888,577 Credit and interest marks on purchased loans, net (436 ) (772 ) Allowance for credit losses (8,527 ) (7,348 ) Loans receivable, net $ 966,788 $ 880,457 (1) Including Paycheck Protection Program ( “ As of September 30, 2024 and December 31, 2023, the SBA loan category above included $0 and $2.5 million, respectively, of loans issued under the SBA’s PPP. PPP loans have terms of two A ccrued interest on loans receivable was $4.5 million and $3.3 million at September 30, 2024 and December 31, 2023, respectively. The Company accounts for credit losses on loans in accordance with ASC 326, which requires the Company to recognize estimates for lifetime losses on loans and off-balance sheet loan commitments at the time of origination or acquisition. The recognition of losses at origination or acquisition represents the Company’s best estimate of the lifetime expected credit loss associated with a loan given the facts and circumstances associated with the particular loan, and involves the use of significant management judgement and estimates, which are subject to change based on management’s on-going assessment of the credit quality of the loan portfolio and changes in economic forecasts used in the model. The Company uses the weighted average remaining maturity (“WARM”) method when determining estimates for the allowance for credit losses (“ACL”) for each of its portfolio segments. The weighted average remaining life, including the effect of estimated prepayments, is calculated for each loan pool on a quarterly basis. The Company then estimates a loss rate for each pool using both its own historical loss experience and the historical losses of a group of peer institutions during the period from 2004 through the most recent quarter. The Company’s ACL model also includes adjustments for qualitative factors, where appropriate. Qualitative adjustments may include, but are not limited to, factors such as: (i) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices; (ii) changes in international, national, regional, and local conditions; (iii) changes in the nature and volume of the portfolio and terms of loans; (iv) changes in the experience, depth, and ability of lending management; (v) changes in the volume and severity of past due loans and other similar conditions; (vi) changes in the quality of the organization’s loan review system; (vii) changes in the value of underlying collateral for collateral dependent loans; (viii) the existence and effect of any concentrations of credit and changes in the levels of such concentrations; and (ix) the effect of other external factors (i.e., competition, legal and regulatory requirements) on the level of estimated credit losses. These qualitative factors incorporate the concept of reasonable and supportable forecasts, as required by ASC 326. For the three months ended September 30, 2024, the Company recorded a provision for credit losses of $399 thousand, compared to a recovery of provision for credit losses of $2 thousand for the three months ended September 30, 2023. For the nine months ended September 30, 2024, the Company recorded a provision for credit losses of $1.2 million, compared to $808 thousand for the nine months ended September 30, 2023. The provisions for credit losses during the third quarter and nine months ended September 30, 2024 include recoveries of provisions for credit losses for off-balance sheet loan commitments of $24 thousand and $26 thousand, respectively. The increases in the provisions for credit losses during the three and nine months ended September 30, 2024 were primarily due to growth in the loan portfolio. The allowance for credit losses (“ACL”) increased to $8.5 million as of September 30, 2024, compared to $7.3 million as of December 31, 2023 due to growth in the loan portfolio. The following tables summarize the activity in the allowance for credit losses on loans for the periods indicated: Three Months Ended September 30, 2024 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single-family $ 301 $ – $ – $ (87 ) $ 214 Multi-family 4,690 – – 46 4,736 Commercial real estate 1,171 – – 122 1,293 Church 84 – – (24 ) 60 Construction 1,110 – – 271 1,381 Commercial - other 618 – – 141 759 SBA loans 130 – – (46 ) 84 Consumer – – – – – Total $ 8,104 $ – $ – $ 423 $ 8,527 Nine Months Ended September 30, 2024 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance ( In thousands Loans receivable held for investment: Real estate: Single family $ 260 $ – $ – $ (46 ) $ 214 Multi-family 4,413 – – 323 4,736 Commercial real estate 1,094 – – 199 1,293 Church 72 – – (12 ) 60 Construction 932 – – 449 1,381 Commercial - other 529 – – 230 759 SBA loans 48 – – 36 84 Consumer – – – – – Total $ 7,348 $ – $ – $ 1,179 $ 8,527 (1) The Bank also recorded a recovery of provision for off-balance sheet loan commitments of $24 thousand and $26 thousand for the three and nine months ended September 30, 2024, respectively. Three Months Ended September 30, 2023 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single-family $ 247 $ – $ – $ (6 ) $ 241 Multi-family 4,255 – – (8 ) 4,247 Commercial real estate 1,012 – – 9 1,021 Church 83 – – (4 ) 79 Construction 788 – – 59 847 Commercial - other 546 – – (121 ) 425 SBA loans 39 – – – 39 Consumer – – – – – Total $ 6,970 $ – $ – $ (71 ) $ 6,899 Nine Months Ended September 30, 2023 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single family $ 109 $ 214 $ – $ – $ (82 ) $ 241 Multi-family 3,273 603 – – 371 4,247 Commercial real estate 449 466 – – 106 1,021 Church 65 37 – – (23 ) 79 Construction 313 219 – – 315 847 Commercial - other 175 254 – – (4 ) 425 SBA loans – 20 – – 19 39 Consumer 4 (4 ) – – – – Total $ 4,388 $ 1,809 $ – $ – $ 702 $ 6,899 (1) The Bank also recorded a provision for off-balance sheet loan commitments of $69 thousand and $106 thousand for the three and nine months ended September 30, 2023, respectively. The Company evaluates loans collectively for purposes of determining the ACL in accordance with ASC 326. Collective evaluation is based on aggregating loans deemed to possess similar risk characteristics. In certain instances, the Company may identify loans that it believes no longer possess risk characteristics similar to other loans in the loan portfolio. These loans are typically identified from those that have exhibited deterioration in credit quality, since the specific attributes and risks associated with such loans tend to become unique as the credit deteriorates. Such loans are typically nonperforming, downgraded to substandard or worse, and/or are deemed collateral dependent, where the ultimate repayment of the loan is expected to come from the operation of or eventual sale of the collateral. Loans that are deemed by management to no longer possess risk characteristics similar to other loans in the portfolio, or that have been identified as collateral dependent, are evaluated individually for purposes of determining an appropriate ACL. The Company uses a discounted cash flow approach, using the loan’s effective interest rate, for determining the ACL on individually evaluated loans, unless the loan is deemed collateral dependent, which requires evaluation based on the estimated fair value of the underlying collateral, less estimated selling costs. The Company may increase or decrease the ACL for collateral dependent loans based on changes in the estimated fair value of the collateral. The following table presents collateral dependent loans by collateral type as of the dates indicated: September 30, 2024 Single-Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single-family $ 36 $ – $ – $ – $ 36 Total $ 36 $ – $ – $ – $ 36 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 September 30, 2024 and December 31, 2023, $36 thousand and $6.4 million, respectively, of individually evaluated loans were evaluated based on the estimated fair value of the underlying collateral. These loans had an associated ACL of $0 and $112 thousand, as of September 30, 2024 and December 31, 2023, respectively. None of these collateral dependent loans were on nonaccrual status at September 30, 2024 or December 31, 2023. At September 30, 2024, one $73 thousand individually evaluated loan was evaluated using a discounted future cash flow approach. At December 31, 2023, no individually evaluated loans were evaluated using a discounted future cash flow approach. Past Due Loans The following tables present the aging of the recorded investment in past due loans by loan type as of the dates indicated: September 30, 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 $ – $ – $ – $ – $ 23,869 $ 23,869 Multi-family – – – – 628,591 628,591 Commercial real estate – 1,374 – 1,374 159,434 160,808 Church – – – – 11,717 11,717 Construction – – – – 78,950 78,950 Commercial - other – – – – 70,901 70,901 SBA loans – 291 – 291 604 895 Consumer – – – – 20 20 Total $ – $ 1,665 $ – $ 1,665 $ 974,086 $ 975,751 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: September 30, 2024 December 31, 2023 (In thousands) Loans receivable held for investment: SBA loans $ 291 $ – Total non-accrual loans $ 291 $ – There were no loans 90 days or more delinquent that were accruing interest as of September 30, 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 or nine months ended September 30, 2024 or 2023. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. For single-family residential, consumer, and other smaller balance homogenous loans, a credit grade is established at inception, and generally only adjusted based on performance. Information about payment status is disclosed elsewhere herein. The Company analyzes all other loans individually by classifying the loans as to credit risk. This analysis is performed at least on a quarterly basis. The Company uses the following definitions for risk ratings: ● Watch. ● Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. ● Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. ● Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. ● Loss. Loans classified as loss are considered uncollectible and of such little value that to continue to carry the loan as an active asset is no longer warranted. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor and/or by the value of the underlying collateral. Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms. The following tables stratify the loans held for investment portfolio by the Company’s internal risk grading and by year of origination as of September 30, 2024 and December 31, 2023: Term Loans Amortized Cost Basis by Origination Year - As of September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total (In thousands) Single-family: Pass $ – $ 556 $ 4,073 $ 1,822 $ 2,016 $ 13,813 $ – $ 22,280 Watch – – – 734 855 – – 1,589 Special Mention – – – – – – – – Substandard – – – – – – – – Total $ – $ 556 $ 4,073 $ 2,556 $ 2,871 $ 13,813 $ – $ 23,869 Multi-family: Pass $ 65,883 $ 82,266 $ 173,000 $ 126,251 $ 26,941 $ 85,822 $ – $ 560,163 Watch – 1,384 15,727 16,638 – 8,032 – 41,781 Special Mention – – 3,238 3,155 – 653 – 7,046 Substandard – 1,549 – 4,487 – 13,565 – 19,601 Total $ 65,883 $ 85,199 $ 191,965 $ 150,531 $ 26,941 $ 108,072 $ – $ 628,591 Commercial real estate: Pass $ 31,882 $ 13,695 $ 20,982 $ 29,797 $ 14,695 $ 18,944 $ – $ 129,995 Watch 14,886 – 435 – 13,120 1,498 – 29,939 Special Mention – – – – – – – – Substandard – 874 – – – – – $ 874 Total $ 46,768 $ 14,569 $ 21,417 $ 29,797 $ 27,815 $ 20,442 $ – $ 160,808 Church: Pass $ – $ 2,465 $ – $ 2,161 $ 1,709 $ 2,956 $ – $ 9,291 Watch – 381 – – – 842 – 1,223 Special Mention – – – – – – – – Substandard – – – – – 1,203 – 1,203 Total $ – $ 2,846 $ – $ 2,161 $ 1,709 $ 5,001 $ – $ 11,717 Construction: Pass $ – $ – $ – $ – $ – $ – $ – $ – Watch 5,699 31,804 4,160 – – 2,037 – 43,700 Special Mention – – – – – – – – Substandard – 3,896 27,289 4,065 – – – 35,250 Total $ 5,699 $ 35,700 $ 31,449 $ 4,065 $ – $ 2,037 $ – $ 78,950 Commercial – other: Pass $ – $ 4 $ 7,867 $ – $ 2,799 $ 6,054 $ – $ 16,724 Watch 8,606 28,147 717 – – 2,250 – 39,720 Special Mention 8,832 – 351 – – – – 9,183 Substandard – – – 108 867 4,299 – 5,274 Total $ 17,438 $ 28,151 $ 8,935 $ 108 $ 3,666 $ 12,603 $ – $ 70,901 SBA: Pass $ 300 $ – $ 150 $ – $ – $ 76 $ – $ 526 Substandard – – – – 369 – – 369 Total $ 300 $ – $ 150 $ – $ 369 $ 76 $ – $ 895 Consumer: Pass $ 20 $ – $ – $ – $ – $ – $ – $ 20 Total $ 20 $ – $ – $ – $ – $ – $ – $ 20 Total loans: Pass $ 98,085 $ 98,986 $ 206,072 $ 160,031 $ 48,160 $ 127,665 $ – $ 738,999 Watch 29,191 61,716 21,039 17,372 13,975 14,659 – 157,952 Special Mention 8,832 – 3,589 3,155 – 653 – 16,229 Substandard – 6,319 27,289 8,660 1,236 19,067 – 62,571 Total loans $ 136,108 $ 167,021 $ 257,989 $ 189,218 $ 63,371 $ 162,044 $ – $ 975,751 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 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 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 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 Special Mention – – – 467 – – – 467 Total $ 11,809 $ 109 $ 2,453 $ 467 $ 16 $ 100 $ – $ 14,954 Consumer: Pass $ 13 $ – $ – $ – $ – $ – $ – $ 13 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 The allowance for off-balance sheet commitments was $342 thousand and $364 thousand at September 30, 2024 and December 31, 2023, respectively. The recovery of provision for off-balance sheet loan commitments was $24 thousand for the three months ended September 30, 2024 and $26 thousand for the nine months ended September 30, 2024. The provision for off-balance sheet loan commitments was $69 thousand for the three months ended September 30, 2023 and $106 thousand for the nine months ended September 30, 2023.

Goodwill and Core Deposit Intan

Goodwill and Core Deposit Intangible	9 Months Ended
	Sep. 30, 2024
Goodwill and Core Deposit Intangible [Abstract]
Goodwill and Core Deposit Intangible	NOTE 5 – The following tables present the changes in the carrying amounts of goodwill and core deposit intangibles for the nine months ended September 30, 2024 and 2023 September 30, 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 – (252 ) Balance at the end of the period $ 25,858 $ 1,859 September 30, 2023 Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,858 $ 2,501 Additions – – Change in deferred tax estimate – – Amortization – (293 ) Balance at the end of the period $ 25,858 $ 2,208 The carrying amount of the core deposit intangible consisted of the following September 30, 2024 December 31, 2023 Core deposit intangible acquired $ 3,329 $ 3,329 Less: Accumulated amortization (1,470 ) (1,218 ) $ 1,859 $ 2,111 The following table outlines the estimated amortization expense for the core deposit intangible during the next five fiscal years (in thousands): Remainder of 2024 $ 84 2025 315 2026 304 2027 291 2028 279 Thereafter 586 $ 1,859

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 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. September 30, 2024 September 30 , 2024 At September 30 , 2024 and December 31, 2023, the Company had outstanding advances from the FHLB totaling $208.6 million and $209.3 million, respectively. The weighted average interest rate was 4.35% and 4.91% as of September 30 , 2024 and December 31, 2023, respectively. The weighted average contractual maturity was two months as of both September 30 September 30, 2024 and $435.4 million at December 31, 202 September 30, 2024 On December 27, 2023, the Company borrowed $100.0 million from the Federal Reserve under the BTFP. As of both September 30 September 30 In addition, the Company had additional lines of credit of $10.0 million with other financial institutions as of September 30, 2024 and December 31, 2023 September 30, 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	9 Months Ended
	Sep. 30, 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. Appraisals for collateral-dependent loans and assets acquired through or by transfer of in lieu of foreclosure are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, an independent third-party licensed appraiser reviews the appraisals for accuracy and reasonableness, reviewing the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Assets Measured on a Recurring Basis Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In thousands) At September 30, 2024: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 57,208 $ – $ 57,208 Federal agency CMOs – 21,308 – 21,308 Federal agency debt – 44,164 – 44,164 Municipal bonds – 4,455 – 4,455 U.S. Treasuries 101,738 – – 101,738 SBA pools – 9,616 – 9,616 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 nine months ended September 30, 2024 and 2023. As of September 30, 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 September 30, 2024 and December 31, 2023. Fair Value Measurements at September 30, 2024 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 97,079 $ 97,079 $ – $ – $ 97,079 Securities available-for-sale 238,489 101,738 136,751 – 238,489 Loans receivable held for investment 966,788 – – 958,934 958,934 Accrued interest receivable 5,744 5,744 – – 5,744 Bank owned life insurance 3,309 3,309 – – 3,309 Financial Liabilities: Deposits $ 672,248 $ – $ 608,374 $ – $ 608,374 FHLB advances 208,568 – 208,202 – 208,202 BTFP borrowing 100,000 – 100,000 – 100,000 Securities sold under agreements to repurchase 89,798 – 89,671 – 89,671 Accrued interest payable 4,885 – 4,885 – 4,885 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 4,938 – – 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 ASC 820, the fair value of financial assets and liabilities was measured using an exit price notion. Although the exit price notion represents the value that would be received to sell an asset or paid to transfer a liability, the actual price received for a sale of assets or paid to transfer liabilities could be different from exit price disclosed.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 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. 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. Stock-based compensation is recognized on a straight-line basis over the vesting period. During the three months ended September 30, 2024 and 2023, the Company recorded $84 thousand and $88 thousand of stock-based compensation expense, respectively. During the nine months ended September 30, 2024 and 2023, the Company recorded $199 thousand and $173 thousand of stock-based compensation expense, respectively. During the three months ended September 30, 2024 and 2023, the Company did not record any director stock compensation expense. During the nine months ended September 30, 2024 and 2023, the Company recorded $96 thousand and $95 thousand, respectively, of director stock compensation expense, which was determined using the fair value of the stock on the dates of the awards. As of September 30, 2024, 299,048 shares had been awarded under the Amended and Restated LTIP and 350,091 shares were available to be awarded. The following tables present stock award activity during the three and nine months ended September 30, 2024 and 2023: Three months ended September 30, 2024 September 30, 2023 (In thousands) Outstanding at the beginning of the period 187,749 129,645 Granted during period – – Forfeited during period (452 ) (10,684 ) Vested during period – – Outstanding at the end of the period 187,297 118,961 Nine months ended September 30, 2024 September 30, 2023 (In thousands) Outstanding at the beginning of the period 113,568 51,090 Granted during period 145,890 101,930 Forfeited during period (27,601 ) (12,044 ) Vested during period (44,560 ) (22,015 ) Outstanding at the end of the period 187,297 118,961 No stock options were granted, exercised or expired during the three and nine months ended September 30, 2024 or 2023. During the three and nine months ended September 30, 2024, zero and 18,750 stock options were forfeited, respectively. Options outstanding and exercisable at September 30, 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 12,500 1.40 years $ 12.96 $ – 12,500 $ 12.96 $ – T he Company did not record any stock-based compensation expense related to stock options during the three and nine months ended September 30, 2024 and 2023. All common stock share amounts above have been retroactively adjusted, as applicable, for the 1-for-8

ESOP Plan

ESOP Plan	9 Months Ended
	Sep. 30, 2024
ESOP Plan [Abstract]
ESOP Plan	NOTE 9 – ESOP Plan Employees participate in the 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 and during 2023, the ESOP purchased 369,958 shares of the Company’s common stock at an average cost of $9.19 per share for a total cost of $3.4 million. These purchases were funded with a $5.0 million line of credit from the Company. The loan will be repaid from the Bank’s annual discretionary contributions to the ESOP, net of dividends paid, over a period of 20 years. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants. When loan payments are made, shares are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. As the unearned shares are released from the suspense account, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to equity as additional paid-in capital. Any dividends on allocated shares increase participant accounts. Any dividends on unallocated shares will be used to repay the loan. Participants will receive shares for their vested balance at the end of their employment. Compensation expense related to the ESOP was $46 thousand and $11 thousand for the three months ended September 30, 2024 and 2023, respectively, and $137 thousand and $33 thousand for the nine months ended September 30, 2024 and 2023, respectively. Shares held by the ESOP were as follows: September 30, 2024 December 31, 2023 (Dollars in thousands) Allocated to participants 156,970 134,444 Committed to be released 13,652 28,669 Suspense shares 451,320 458,829 Total ESOP shares 621,942 621,942 Fair value of unearned shares $ 2,907 $ 4,217 The book value of unearned shares, which are reported as Unearned ESOP shares in the equity section of the consolidated statements of financial condition, were $4.3 million and $4.5 million at September 30, 2024 and December 31, 2023, respectively. All share amounts and per share amounts above have been retroactively adjusted, as applicable, for 1-for-8

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 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) September 30 2024 Community Bank Leverage Ratio $ 187,310 13.84 % $ 121,838 9.00 % December 31 2023 Community Bank Leverage Ratio $ 185,773 14.97 % $ 111,696 9.00 % At September 30, 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 September 30, 2024

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 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 September 30, 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. The Company recorded an income tax expense of $209 thousand for the third quarter of 2024, compared to $39 thousand for the third quarter of 2023. The increase in income tax expense reflected an increase of $628 thousand in pre-tax income between the two periods. The effective tax rate was 27.76% for the third quarter of 2024, compared to 31.20% for the third quarter of 2023. For the nine months ended September 30, 2024, income tax expense was $298 thousand, compared to $806 thousand for the nine months ended September 30, 2023. The decrease in income tax expense reflected a decrease in pretax earnings of $1.8 million between the two periods. The effective tax rate was 32.04% for the nine months ended September 30, 2024 , compared to 29.49% for the nine months ended September 30, 2023

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2024
Concentrations [Abstract]
Concentrations	NOTE 12 – Concentrations The Bank has a significant concentration of deposits with two customers that accounted for approximately 12% of its deposits as of both September The Bank a lso h September

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. 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.
Accounting Pronouncements Recently Issued	Accounting Pronouncements Recently Issued In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40) Disaggregation of Income Statement Expenses
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 eight shares ll common stock share amounts and per share numbers discussed herein have been retroactively adjusted f or the Reverse Stock Split.

Earnings Per Share of Common _2

Earnings Per Share of Common Stock (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except share and per share data) Net income $ 522 $ 91 $ 627 $ 1,907 Less: Net income attributable to participating securities 5 1 4 27 Less: Preferred stock dividends 750 – 817 – Net (loss) income available to common stockholders $ (233 ) $ 90 $ (194 ) $ 1,880 Weighted average common shares outstanding for basic earnings per common share (1) 8,520,730 8,709,301 8,386,919 8,756,189 Add: Effects of unvested restricted stock awards (1) 163,566 116,493 179,156 123,004 Weighted average common shares outstanding for diluted earnings per common share (1) 8,684,296 8,825,794 8,566,075 8,879,193 (Loss) earnings per common share - basic (1) $ (0.03 ) $ 0.01 $ (0.02 ) $ 0.21 (Loss) earnings per common share - diluted (1) $ (0.03 ) $ 0.01 $ (0.02 ) $ 0.21 (1) Retroactively adjusted, as applicable, 1-for-8

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 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) September 30, 2024: Federal agency mortgage-backed securities $ 64,839 $ 8 $ (7,639 ) $ 57,208 Federal agency collateralized mortgage obligations (“CMO”) 22,182 7 (881 ) 21,308 Federal agency debt 46,050 2 (1,888 ) 44,164 Municipal bonds 4,808 – (353 ) 4,455 U. S. Treasuries 102,725 – (987 ) 101,738 U.S. Small Business Administration (“SBA”) pools 10,941 6 (1,331 ) 9,616 Total available-for-sale securities $ 251,545 $ 23 $ (13,079 ) $ 238,489 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 September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Due in one year or less $ 100,746 $ – $ (886 ) $ 99,860 Due after one year through five years 49,392 2 (2,142 ) 47,252 Due after five years through ten years 24,899 13 (1,006 ) 23,906 Due after ten years 76,508 8 (9,045 ) 67,471 $ 251,545 $ 23 $ (13,079 ) $ 238,489
Securities in Continuous Unrealized Loss Position	The table below indicates the length of time individual securities had been in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) September 30, 2024 Federal agency mortgage-backed securities $ – $ – $ 56,732 $ (7,639 ) $ 56,732 $ (7,639 ) Federal agency CMOs – – 20,536 (881 ) 20,536 (881 ) Federal agency debt – – 41,635 (1,888 ) 41,635 (1,888 ) Municipal bonds – – 4,455 (353 ) 4,455 (353 ) U. S. Treasuries – – 101,738 (987 ) 101,738 (987 ) SBA pools – – 8,539 (1,331 ) 8,539 (1,331 ) Total unrealized loss position investment securities $ – $ – $ 233,635 $ (13,079 ) $ 233,635 $ (13,079 ) 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)	9 Months Ended
	Sep. 30, 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: September 30, 2024 December 31, 2023 (In thousands) Real estate: Single-family $ 23,845 $ 24,702 Multi-family 625,662 561,447 Commercial real estate 163,258 119,436 Church 9,543 12,717 Construction 79,396 89,887 Commercial – other 71,236 63,450 SBA loans (1) 895 14,954 Consumer 20 13 Gross loans receivable before deferred loan costs and premiums 973,855 886,606 Unamortized net deferred loan costs and premiums 1,896 1,971 Gross loans receivable 975,751 888,577 Credit and interest marks on purchased loans, net (436 ) (772 ) Allowance for credit losses (8,527 ) (7,348 ) Loans receivable, net $ 966,788 $ 880,457 (1) Including Paycheck Protection Program ( “
Activity in Allowance for Credit Losses on Loans	The following tables summarize the activity in the allowance for credit losses on loans for the periods indicated: Three Months Ended September 30, 2024 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single-family $ 301 $ – $ – $ (87 ) $ 214 Multi-family 4,690 – – 46 4,736 Commercial real estate 1,171 – – 122 1,293 Church 84 – – (24 ) 60 Construction 1,110 – – 271 1,381 Commercial - other 618 – – 141 759 SBA loans 130 – – (46 ) 84 Consumer – – – – – Total $ 8,104 $ – $ – $ 423 $ 8,527 Nine Months Ended September 30, 2024 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance ( In thousands Loans receivable held for investment: Real estate: Single family $ 260 $ – $ – $ (46 ) $ 214 Multi-family 4,413 – – 323 4,736 Commercial real estate 1,094 – – 199 1,293 Church 72 – – (12 ) 60 Construction 932 – – 449 1,381 Commercial - other 529 – – 230 759 SBA loans 48 – – 36 84 Consumer – – – – – Total $ 7,348 $ – $ – $ 1,179 $ 8,527 (1) The Bank also recorded a recovery of provision for off-balance sheet loan commitments of $24 thousand and $26 thousand for the three and nine months ended September 30, 2024, respectively. Three Months Ended September 30, 2023 Beginning Balance Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single-family $ 247 $ – $ – $ (6 ) $ 241 Multi-family 4,255 – – (8 ) 4,247 Commercial real estate 1,012 – – 9 1,021 Church 83 – – (4 ) 79 Construction 788 – – 59 847 Commercial - other 546 – – (121 ) 425 SBA loans 39 – – – 39 Consumer – – – – – Total $ 6,970 $ – $ – $ (71 ) $ 6,899 Nine Months Ended September 30, 2023 Beginning Balance Impact of CECL Adoption Charge-offs Recoveries Provision (Recapture) (1) Ending Balance (In thousands) Loans receivable held for investment: Real estate: Single family $ 109 $ 214 $ – $ – $ (82 ) $ 241 Multi-family 3,273 603 – – 371 4,247 Commercial real estate 449 466 – – 106 1,021 Church 65 37 – – (23 ) 79 Construction 313 219 – – 315 847 Commercial - other 175 254 – – (4 ) 425 SBA loans – 20 – – 19 39 Consumer 4 (4 ) – – – – Total $ 4,388 $ 1,809 $ – $ – $ 702 $ 6,899 (1) The Bank also recorded a provision for off-balance sheet loan commitments of $69 thousand and $106 thousand for the three and nine months ended September 30, 2023, respectively.
Collateral Dependent Loans By Collateral Type	The following table presents collateral dependent loans by collateral type as of the dates indicated: September 30, 2024 Single-Family Multi-Family Residential Church Business Assets Total Real estate: (In thousands) Single-family $ 36 $ – $ – $ – $ 36 Total $ 36 $ – $ – $ – $ 36 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: September 30, 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 $ – $ – $ – $ – $ 23,869 $ 23,869 Multi-family – – – – 628,591 628,591 Commercial real estate – 1,374 – 1,374 159,434 160,808 Church – – – – 11,717 11,717 Construction – – – – 78,950 78,950 Commercial - other – – – – 70,901 70,901 SBA loans – 291 – 291 604 895 Consumer – – – – 20 20 Total $ – $ 1,665 $ – $ 1,665 $ 974,086 $ 975,751 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: September 30, 2024 December 31, 2023 (In thousands) Loans receivable held for investment: SBA loans $ 291 $ – Total non-accrual loans $ 291 $ –
Loans Held for Investment Portfolio By Internal Risk Grading and By Year of Origination	The following tables stratify the loans held for investment portfolio by the Company’s internal risk grading and by year of origination as of September 30, 2024 and December 31, 2023: Term Loans Amortized Cost Basis by Origination Year - As of September 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total (In thousands) Single-family: Pass $ – $ 556 $ 4,073 $ 1,822 $ 2,016 $ 13,813 $ – $ 22,280 Watch – – – 734 855 – – 1,589 Special Mention – – – – – – – – Substandard – – – – – – – – Total $ – $ 556 $ 4,073 $ 2,556 $ 2,871 $ 13,813 $ – $ 23,869 Multi-family: Pass $ 65,883 $ 82,266 $ 173,000 $ 126,251 $ 26,941 $ 85,822 $ – $ 560,163 Watch – 1,384 15,727 16,638 – 8,032 – 41,781 Special Mention – – 3,238 3,155 – 653 – 7,046 Substandard – 1,549 – 4,487 – 13,565 – 19,601 Total $ 65,883 $ 85,199 $ 191,965 $ 150,531 $ 26,941 $ 108,072 $ – $ 628,591 Commercial real estate: Pass $ 31,882 $ 13,695 $ 20,982 $ 29,797 $ 14,695 $ 18,944 $ – $ 129,995 Watch 14,886 – 435 – 13,120 1,498 – 29,939 Special Mention – – – – – – – – Substandard – 874 – – – – – $ 874 Total $ 46,768 $ 14,569 $ 21,417 $ 29,797 $ 27,815 $ 20,442 $ – $ 160,808 Church: Pass $ – $ 2,465 $ – $ 2,161 $ 1,709 $ 2,956 $ – $ 9,291 Watch – 381 – – – 842 – 1,223 Special Mention – – – – – – – – Substandard – – – – – 1,203 – 1,203 Total $ – $ 2,846 $ – $ 2,161 $ 1,709 $ 5,001 $ – $ 11,717 Construction: Pass $ – $ – $ – $ – $ – $ – $ – $ – Watch 5,699 31,804 4,160 – – 2,037 – 43,700 Special Mention – – – – – – – – Substandard – 3,896 27,289 4,065 – – – 35,250 Total $ 5,699 $ 35,700 $ 31,449 $ 4,065 $ – $ 2,037 $ – $ 78,950 Commercial – other: Pass $ – $ 4 $ 7,867 $ – $ 2,799 $ 6,054 $ – $ 16,724 Watch 8,606 28,147 717 – – 2,250 – 39,720 Special Mention 8,832 – 351 – – – – 9,183 Substandard – – – 108 867 4,299 – 5,274 Total $ 17,438 $ 28,151 $ 8,935 $ 108 $ 3,666 $ 12,603 $ – $ 70,901 SBA: Pass $ 300 $ – $ 150 $ – $ – $ 76 $ – $ 526 Substandard – – – – 369 – – 369 Total $ 300 $ – $ 150 $ – $ 369 $ 76 $ – $ 895 Consumer: Pass $ 20 $ – $ – $ – $ – $ – $ – $ 20 Total $ 20 $ – $ – $ – $ – $ – $ – $ 20 Total loans: Pass $ 98,085 $ 98,986 $ 206,072 $ 160,031 $ 48,160 $ 127,665 $ – $ 738,999 Watch 29,191 61,716 21,039 17,372 13,975 14,659 – 157,952 Special Mention 8,832 – 3,589 3,155 – 653 – 16,229 Substandard – 6,319 27,289 8,660 1,236 19,067 – 62,571 Total loans $ 136,108 $ 167,021 $ 257,989 $ 189,218 $ 63,371 $ 162,044 $ – $ 975,751 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 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 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 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 Special Mention – – – 467 – – – 467 Total $ 11,809 $ 109 $ 2,453 $ 467 $ 16 $ 100 $ – $ 14,954 Consumer: Pass $ 13 $ – $ – $ – $ – $ – $ – $ 13 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)	9 Months Ended
	Sep. 30, 2024
Goodwill and Core Deposit Intangible [Abstract]
Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles	The following tables present the changes in the carrying amounts of goodwill and core deposit intangibles for the nine months ended September 30, 2024 and 2023 September 30, 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 – (252 ) Balance at the end of the period $ 25,858 $ 1,859 September 30, 2023 Goodwill Core Deposit Intangible (In thousands) Balance at the beginning of the period $ 25,858 $ 2,501 Additions – – Change in deferred tax estimate – – Amortization – (293 ) Balance at the end of the period $ 25,858 $ 2,208
Components of Carrying Value and Accumulated Amortization of Core Deposit Intangible	The carrying amount of the core deposit intangible consisted of the following September 30, 2024 December 31, 2023 Core deposit intangible acquired $ 3,329 $ 3,329 Less: Accumulated amortization (1,470 ) (1,218 ) $ 1,859 $ 2,111
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 $ 84 2025 315 2026 304 2027 291 2028 279 Thereafter 586 $ 1,859

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024: Securities available-for-sale: Federal agency mortgage-backed securities $ – $ 57,208 $ – $ 57,208 Federal agency CMOs – 21,308 – 21,308 Federal agency debt – 44,164 – 44,164 Municipal bonds – 4,455 – 4,455 U.S. Treasuries 101,738 – – 101,738 SBA pools – 9,616 – 9,616 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 September 30, 2024 and December 31, 2023. Fair Value Measurements at September 30, 2024 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) Financial Assets: Cash and cash equivalents $ 97,079 $ 97,079 $ – $ – $ 97,079 Securities available-for-sale 238,489 101,738 136,751 – 238,489 Loans receivable held for investment 966,788 – – 958,934 958,934 Accrued interest receivable 5,744 5,744 – – 5,744 Bank owned life insurance 3,309 3,309 – – 3,309 Financial Liabilities: Deposits $ 672,248 $ – $ 608,374 $ – $ 608,374 FHLB advances 208,568 – 208,202 – 208,202 BTFP borrowing 100,000 – 100,000 – 100,000 Securities sold under agreements to repurchase 89,798 – 89,671 – 89,671 Accrued interest payable 4,885 – 4,885 – 4,885 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 4,938 – – 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)	9 Months Ended
	Sep. 30, 2024
Stock-based Compensation [Abstract]
Stock Award Activity	The following tables present stock award activity during the three and nine months ended September 30, 2024 and 2023: Three months ended September 30, 2024 September 30, 2023 (In thousands) Outstanding at the beginning of the period 187,749 129,645 Granted during period – – Forfeited during period (452 ) (10,684 ) Vested during period – – Outstanding at the end of the period 187,297 118,961 Nine months ended September 30, 2024 September 30, 2023 (In thousands) Outstanding at the beginning of the period 113,568 51,090 Granted during period 145,890 101,930 Forfeited during period (27,601 ) (12,044 ) Vested during period (44,560 ) (22,015 ) Outstanding at the end of the period 187,297 118,961
Options Outstanding and Exercisable	Options outstanding and exercisable at September 30, 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 12,500 1.40 years $ 12.96 $ – 12,500 $ 12.96 $ –

ESOP Plan (Tables)

ESOP Plan (Tables)	9 Months Ended
	Sep. 30, 2024
ESOP Plan [Abstract]
Shares Held by ESOP	Shares held by the ESOP were as follows: September 30, 2024 December 31, 2023 (Dollars in thousands) Allocated to participants 156,970 134,444 Committed to be released 13,652 28,669 Suspense shares 451,320 458,829 Total ESOP shares 621,942 621,942 Fair value of unearned shares $ 2,907 $ 4,217

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 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) September 30 2024 Community Bank Leverage Ratio $ 187,310 13.84 % $ 121,838 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			9 Months Ended
	Nov. 01, 2023	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares		Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares
Earnings Per Share of Common Stock [Abstract]
Net income attributable to Broadway Financial Corporation | $		$ 522	$ 91		$ 627	$ 1,907
Less: Net income attributable to participating securities | $		5	1		4	27
Less: Preferred stock dividends | $		750	0		817	0
Net (loss) income attributable to common stockholders | $		$ (233)	$ 90		$ (194)	$ 1,880
Weighted average common shares outstanding for basic earnings per common share (in shares) | shares		8,520,730	8,709,301	[1]	8,386,919	8,756,189	[1]
Add: Effects of unvested restricted stock awards (in shares) | shares		163,566	116,493	[1]	179,156	123,004	[1]
Weighted average common shares outstanding for diluted earnings per common share (in shares) | shares		8,684,296	8,825,794	[1]	8,566,075	8,879,193	[1]
(Loss) earnings per common share - basic (in dollars per share) | $ / shares		$ (0.03)	$ 0.01	[1]	$ (0.02)	$ 0.21	[1]
(Loss) earnings per common share - diluted (in dollars per share) | $ / shares		$ (0.03)	$ 0.01	[1]	$ (0.02)	$ 0.21	[1]
Reverse stock split ratio	0.125
Stock Options [Member]
Loss Per Common Share [Abstract]
Anti-dilutive stock not considered in computing diluted earnings per common share (in shares) | shares					12,500	31,250
[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	Sep. 30, 2024	Dec. 31, 2023
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	$ 251,545	$ 335,978
Gross unrealized gains	23	7
Gross unrealized losses	(13,079)	(19,035)
Fair value	238,489	316,950
Federal Agency Mortgage-backed Securities [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	64,839	76,091
Gross unrealized gains	8	3
Gross unrealized losses	(7,639)	(9,316)
Fair value	57,208	66,778
Federal Agency Collateralized Mortgage Obligations (CMO) [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	22,182	24,720
Gross unrealized gains	7	0
Gross unrealized losses	(881)	(1,381)
Fair value	21,308	23,339
Federal Agency Debt [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	46,050	50,893
Gross unrealized gains	2	0
Gross unrealized losses	(1,888)	(3,057)
Fair value	44,164	47,836
Municipal Bonds [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	4,808	4,833
Gross unrealized gains	0	0
Gross unrealized losses	(353)	(460)
Fair value	4,455	4,373
U.S. Treasuries [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	102,725	167,055
Gross unrealized gains	0	0
Gross unrealized losses	(987)	(3,175)
Fair value	101,738	163,880
U.S. Small Business Administration (SBA) Pools [Member]
Available-for-Sale Investment Securities Portfolios [Abstract]
Amortized cost	10,941	12,386
Gross unrealized gains	6	4
Gross unrealized losses	(1,331)	(1,646)
Fair value	$ 9,616	$ 10,744

Securities, Additional Disclosu

Securities, Additional Disclosure (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	$ 97,600	$ 89,000
Accrued interest receivable on securities	$ 887	$ 1,200
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Securities of any one issuer, other than U.S. Government, exceeding 10% of stockholders' equity	$ 0	$ 0
Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	97,600	89,000
Bank Term Funding Program [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	94,300	98,300
U.S. Treasuries [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	56,200	47,800
Federal Agency Debt Securities [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	31,100	30,200
Federal Agency Mortgage-backed Securities [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	5,800	$ 11,000
SBA Pools [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities Available-for-Sale [Abstract]
Securities pledged as collateral	$ 4,400

Securities, Contractual Maturit

Securities, Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available for sale, amortized cost [Abstract]
Due in one year or less	$ 100,746
Due after one year through five years	49,392
Due after five years through ten years	24,899
Due after ten years	76,508
Amortized cost	251,545	$ 335,978
Available for sale, gross unrealized gains [Abstract]
Due in one year or less	0
Due after one year through five years	2
Due after five years through ten years	13
Due after ten years	8
Gross unrealized gains	23	7
Available for sale, gross unrealized loss [Abstract]
Due in one year or less	(886)
Due after one year through five years	(2,142)
Due after five years through ten years	(1,006)
Due after ten years	(9,045)
Gross unrealized losses	(13,079)	(19,035)
Available for sale, fair value [Abstract]
Due in one year or less	99,860
Due after one year through five years	47,252
Due after five years through ten years	23,906
Due after ten years	67,471
Fair value	$ 238,489	$ 316,950

Securities, Unrealized Loss Pos

Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0	$ 3,304
More than 12 months, fair value	233,635	312,424
Total, fair value	233,635	315,728
Less than 12 months, unrealized losses	0	(38)
More than 12 months, unrealized losses	(13,079)	(18,997)
Total, unrealized losses	(13,079)	(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	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	56,732	66,575
Total, fair value	56,732	66,575
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(7,639)	(9,316)
Total, unrealized losses	(7,639)	(9,316)
Federal Agency CMOs [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	0
More than 12 months, fair value	20,536	23,339
Total, fair value	20,536	23,339
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(881)	(1,381)
Total, unrealized losses	(881)	(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	41,635	44,818
Total, fair value	41,635	47,836
Less than 12 months, unrealized losses	0	(37)
More than 12 months, unrealized losses	(1,888)	(3,020)
Total, unrealized losses	(1,888)	(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	4,455	4,373
Total, fair value	4,455	4,373
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(353)	(460)
Total, unrealized losses	(353)	(460)
U.S. Treasuries [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	0
More than 12 months, fair value	101,738	163,880
Total, fair value	101,738	163,880
Less than 12 months, unrealized losses	0	0
More than 12 months, unrealized losses	(987)	(3,175)
Total, unrealized losses	(987)	(3,175)
SBA Pools [Member]
Debt Securities Available-for-Sale, Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0	286
More than 12 months, fair value	8,539	9,439
Total, fair value	8,539	9,725
Less than 12 months, unrealized losses	0	(1)
More than 12 months, unrealized losses	(1,331)	(1,645)
Total, unrealized losses	$ (1,331)	$ (1,646)

Loans Receivable Held for Inv_3

Loans Receivable Held for Investment, Summary (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		$ 973,855		$ 973,855		$ 886,606
Unamortized net deferred loan costs and premiums		1,896		1,896		1,971
Gross loans receivable		975,751		975,751		888,577
Credit and interest marks on purchased loans, net		(436)		(436)		(772)
Allowance for credit losses		(8,527)	$ (6,899)	(8,527)	$ (6,899)	(7,348)	$ (8,104)	$ (6,970)	$ (4,388)
Loans receivable, net		966,788		966,788		880,457
Accrued interest on loans receivable		4,500		4,500		3,300
Provision for (recovery of) credit losses		399	(2)	1,153	808
Recovery of provision for off-balance sheet loan commitments		24	69	26	106
Real Estate [Member] | Single-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		23,845		23,845		24,702
Gross loans receivable		23,869		23,869		24,702
Allowance for credit losses		(214)	(241)	(214)	(241)	(260)	(301)	(247)	(109)
Real Estate [Member] | Multi-Family [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		625,662		625,662		561,447
Gross loans receivable		628,591		628,591		563,418
Allowance for credit losses		(4,736)	(4,247)	(4,736)	(4,247)	(4,413)	(4,690)	(4,255)	(3,273)
Real Estate [Member] | Commercial Real Estate [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		163,258		163,258		119,436
Gross loans receivable		160,808		160,808		119,436
Allowance for credit losses		(1,293)	(1,021)	(1,293)	(1,021)	(1,094)	(1,171)	(1,012)	(449)
Real Estate [Member] | Church [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		9,543		9,543		12,717
Gross loans receivable		11,717		11,717		12,717
Allowance for credit losses		(60)	(79)	(60)	(79)	(72)	(84)	(83)	(65)
Real Estate [Member] | Construction [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		79,396		79,396		89,887
Gross loans receivable		78,950		78,950		89,887
Allowance for credit losses		(1,381)	(847)	(1,381)	(847)	(932)	(1,110)	(788)	(313)
Commercial - Other [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		71,236		71,236		63,450
Allowance for credit losses		$ (759)	(425)	$ (759)	(425)	$ (529)	(618)	(546)	(175)
Commercial - Other [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Loans receivable, interest rate		1%		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]	$ 895		$ 895		$ 14,954
Gross loans receivable		895		895		14,954
Allowance for credit losses		(84)	(39)	(84)	(39)	(48)	(130)	(39)	0
SBA Loans [Member] | PPP Loans [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		0		0		2,500
Consumer [Member]
Loans Receivable Held for Investment [Abstract]
Gross loans receivable before deferred loan costs and premiums		20		20		13
Gross loans receivable		20		20		13
Allowance for credit losses		$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (4)
[1]Including Paycheck Protection Program ( “

Loans Receivable Held for Inv_4

Loans Receivable Held for Investment, Activity in Allowance for Credit Losses on Loans (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	$ 8,104		$ 6,970		$ 7,348		$ 4,388
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	423	[1]	(71)	[2]	1,179	[1]	702	[2]
Ending balance	8,527		6,899		8,527		6,899
Recovery of provision for off-balance sheet loan commitments	24		69		26		106
Real Estate [Member] | Single-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	301		247		260		109
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	(87)	[1]	(6)	[2]	(46)	[1]	(82)	[2]
Ending balance	214		241		214		241
Real Estate [Member] | Multi-Family [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	4,690		4,255		4,413		3,273
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	46	[1]	(8)	[2]	323	[1]	371	[2]
Ending balance	4,736		4,247		4,736		4,247
Real Estate [Member] | Commercial Real Estate [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	1,171		1,012		1,094		449
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	122	[1]	9	[2]	199	[1]	106	[2]
Ending balance	1,293		1,021		1,293		1,021
Real Estate [Member] | Church [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	84		83		72		65
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	(24)	[1]	(4)	[2]	(12)	[1]	(23)	[2]
Ending balance	60		79		60		79
Real Estate [Member] | Construction [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	1,110		788		932		313
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	271	[1]	59	[2]	449	[1]	315	[2]
Ending balance	1,381		847		1,381		847
Commercial - Other [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	618		546		529		175
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	141	[1]	(121)	[2]	230	[1]	(4)	[2]
Ending balance	759		425		759		425
SBA Loans [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	130		39		48		0
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	(46)	[1]	0	[2]	36	[1]	19	[2]
Ending balance	84		39		84		39
Consumer [Member]
Allowance for Credit Losses on Loans [Roll Forward]
Beginning balance	0		0		0		4
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Provision (recapture)	0	[1]	0	[2]	0	[1]	0	[2]
Ending balance	$ 0		$ 0		$ 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)
[1]The Bank also recorded a recovery of provision for off-balance sheet loan commitments of $24 thousand and $26 thousand for the three and nine months ended September 30, 2024, respectively.[2]The Bank also recorded a provision for off-balance sheet loan commitments of $69 thousand and $106 thousand for the three and nine months ended September 30, 2023, respectively.

Loans Receivable Held for Inv_5

Loans Receivable Held for Investment, Collateral Dependent Loans by Collateral Type (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) Loan	Dec. 31, 2023 USD ($)
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 975,751	$ 888,577
ACL of individually evaluated loans	0	112
Amount of individually evaluated loans on nonaccrual status	$ 0	0
Number of loans individually evaluated using discounted cash flow approach | Loan	1
Evaluated Based on Underlying Value of Collateral [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Individually evaluated loans	$ 36	6,400
Evaluated Using Discounted Future Cash Flow Approach [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Individually evaluated loans	73	0
Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	36	6,441
Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	36	45
Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	5,672
Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	456
Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	0	268
Real Estate [Member] | Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	23,869	24,702
Real Estate [Member] | Single-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	36	45
Real Estate [Member] | Single-Family [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	36	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	628,591	563,418
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		5,672
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		5,672
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Multi-Family [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Commercial Real Estate [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	160,808	119,436
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		65
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		65
Real Estate [Member] | Commercial Real Estate [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans	$ 11,717	12,717
Real Estate [Member] | Church [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		391
Real Estate [Member] | Church [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Church [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Real Estate [Member] | Church [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		391
Real Estate [Member] | Church [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Commercial - Other [Member] | Collateral Pledged [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		268
Commercial - Other [Member] | Collateral Pledged - Single-Family [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Commercial - Other [Member] | Collateral Pledged - Multi-Family Residential [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Commercial - Other [Member] | Collateral Pledged - Church [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		0
Commercial - Other [Member] | Collateral Pledged - Business Assets [Member]
Collateral Dependent Loans By Collateral Type [Abstract]
Total Loans		$ 268

Loans Receivable Held for Inv_6

Loans Receivable Held for Investment, Aging of Recorded Investment in Past Due Loans by Loan Type (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	$ 975,751	$ 888,577
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	1,665	780
30-59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	379
60-89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	1,665	401
Greater than 90 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	0	0
Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	974,086	887,797
Real Estate [Member] | Single-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	23,869	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	23,869	24,702
Real Estate [Member] | Multi-Family [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	628,591	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	0	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	0	0
Real Estate [Member] | Multi-Family [Member] | Current [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	628,591	563,017
Real Estate [Member] | Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	160,808	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	1,374	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	1,374	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	159,434	119,436
Real Estate [Member] | Church [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	11,717	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	11,717	12,717
Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	78,950	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	78,950	89,887
Commercial - Other [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	70,901	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	70,901	63,450
SBA Loans [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	895	14,954
SBA Loans [Member] | Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	291	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	0	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	291	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	604	14,575
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Loan Type [Abstract]
Recorded total loans	20	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	$ 20	$ 13

Loans Receivable Held for Inv_7

Loans Receivable Held for Investment, Recorded Investment in Non-accrual Loans by Loan Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 291		$ 291		$ 0
Loans 90 days or more delinquent that were accruing interest	0		0		0
Modifications made to borrowers experiencing financial difficulty	0	$ 0	0	$ 0
SBA Loans [Member]
Loans Receivable Held for Investment [Abstract]
Total non-accrual loans	$ 291		$ 291		$ 0

Loans Receivable Held for Inv_8

Loans Receivable Held for Investment, Internal Risk Grading and by Year of Origination (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	$ 136,108
2023	167,021	$ 163,853
2022	257,989	258,814
2021	189,218	195,507
2020	63,371	70,946
2019		61,790
Prior	162,044	137,667
Revolving Loans	0	0
Total Loans	975,751	888,577
Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	98,085
2023	98,986	121,553
2022	206,072	218,195
2021	160,031	179,481
2020	48,160	62,328
2019		52,730
Prior	127,665	102,557
Revolving Loans	0	0
Total Loans	738,999	736,844
Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	29,191
2023	61,716	42,300
2022	21,039	40,619
2021	17,372	12,437
2020	13,975	6,786
2019		8,372
Prior	14,659	13,694
Revolving Loans	0	0
Total Loans	157,952	124,208
Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	8,832
2023	0	0
2022	3,589	0
2021	3,155	3,589
2020	0	467
2019		325
Prior	653	1,460
Revolving Loans	0	0
Total Loans	16,229	5,841
Substandard [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	0
2023	6,319	0
2022	27,289	0
2021	8,660	0
2020	1,236	1,365
2019		363
Prior	19,067	19,956
Revolving Loans	0	0
Total Loans	62,571	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	556	0
2022	4,073	2,474
2021	2,556	2,612
2020	2,871	4,305
2019		1,485
Prior	13,813	13,826
Revolving Loans	0	0
Total Loans	23,869	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	556	0
2022	4,073	2,474
2021	1,822	1,862
2020	2,016	2,940
2019		1,485
Prior	13,813	12,374
Revolving Loans	0	0
Total Loans	22,280	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	734	750
2020	855	0
2019		0
Prior	0	999
Revolving Loans	0	0
Total Loans	1,589	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	0	116
Revolving Loans	0	0
Total Loans	0	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	0	1,365
2019		0
Prior	0	337
Revolving Loans	0	0
Total Loans	0	1,702
Real Estate [Member] | Multi-Family [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	65,883
2023	85,199	81,927
2022	191,965	187,981
2021	150,531	152,754
2020	26,941	27,356
2019		46,060
Prior	108,072	67,340
Revolving Loans	0	0
Total Loans	628,591	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	65,883
2023	82,266	81,927
2022	173,000	183,295
2021	126,251	145,652
2020	26,941	27,356
2019		44,511
Prior	85,822	47,119
Revolving Loans	0	0
Total Loans	560,163	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	1,384	0
2022	15,727	4,686
2021	16,638	6,203
2020	0	0
2019		1,186
Prior	8,032	6,474
Revolving Loans	0	0
Total Loans	41,781	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	3,238	0
2021	3,155	899
2020	0	0
2019		0
Prior	653	1,344
Revolving Loans	0	0
Total Loans	7,046	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	1,549	0
2022	0	0
2021	4,487	0
2020	0	0
2019		363
Prior	13,565	12,403
Revolving Loans	0	0
Total Loans	19,601	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	46,768
2023	14,569	9,881
2022	21,417	22,573
2021	29,797	26,019
2020	27,815	29,970
2019		7,043
Prior	20,442	23,950
Revolving Loans	0	0
Total Loans	160,808	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	31,882
2023	13,695	9,881
2022	20,982	22,131
2021	29,797	26,019
2020	14,695	24,684
2019		6,718
Prior	18,944	15,106
Revolving Loans	0	0
Total Loans	129,995	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	14,886
2023	0	0
2022	435	442
2021	0	0
2020	13,120	5,286
2019		0
Prior	1,498	2,599
Revolving Loans	0	0
Total Loans	29,939	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	0	0
2022	0	0
2021	0	0
2020	0	0
2019		325
Prior	0	0
Revolving Loans	0	0
Total Loans	0	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	874	0
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	6,245
Revolving Loans	0	0
Total Loans	874	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	2,846	2,923
2022	0	0
2021	2,161	2,210
2020	1,709	1,748
2019		636
Prior	5,001	5,200
Revolving Loans	0	0
Total Loans	11,717	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	2,465	2,923
2022	0	0
2021	2,161	2,210
2020	1,709	1,748
2019		0
Prior	2,956	2,704
Revolving Loans	0	0
Total Loans	9,291	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	381	0
2022	0	0
2021	0	0
2020	0	0
2019		636
Prior	842	1,525
Revolving Loans	0	0
Total Loans	1,223	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
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Total Loans	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	1,203	971
Revolving Loans	0	0
Total Loans	1,203	971
Real Estate [Member] | Construction [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	5,699
2023	35,700	42,300
2022	31,449	36,288
2021	4,065	9,202
2020	0	0
2019		0
Prior	2,037	2,097
Revolving Loans	0	0
Total Loans	78,950	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	5,699
2023	31,804	42,300
2022	4,160	35,179
2021	0	5,484
2020	0	0
2019		0
Prior	2,037	2,097
Revolving Loans	0	0
Total Loans	43,700	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	0	0
2022	0	0
2021	0	2,520
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	0	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	3,896
2022	27,289
2021	4,065
2020	0
Prior	0
Revolving Loans	0
Total Loans	35,250
Commercial - Other [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	17,438
2023	28,151	15,000
2022	8,935	9,389
2021	108	257
2020	3,666	7,100
2019		6,550
Prior	12,603	25,154
Revolving Loans	0	0
Total Loans	70,901	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	4	15,000
2022	7,867	9,077
2021	0	87
2020	2,799	5,600
2019		0
Prior	6,054	25,154
Revolving Loans	0	0
Total Loans	16,724	54,918
Commercial - Other [Member] | Watch [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	8,606
2023	28,147	0
2022	717	312
2021	0	0
2020	0	1,500
2019		6,550
Prior	2,250	0
Revolving Loans	0	0
Total Loans	39,720	8,362
Commercial - Other [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	8,832
2023	0	0
2022	351	0
2021	0	170
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	9,183	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
2022	0
2021	108
2020	867
Prior	4,299
Revolving Loans	0
Total Loans	5,274
SBA Loans [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	300
2023	0	11,809
2022	150	109
2021	0	2,453
2020	369	467
2019		16
Prior	76	100
Revolving Loans	0	0
Total Loans	895	14,954
SBA Loans [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	300
2023	0	11,809
2022	150	109
2021	0	2,453
2020	0	0
2019		16
Prior	76	100
Revolving Loans	0	0
Total Loans	526	14,487
SBA Loans [Member] | Special Mention [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2023		0
2022		0
2021		0
2020		467
2019		0
Prior		0
Revolving Loans		0
Total Loans		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
2022	0
2021	0
2020	369
Prior	0
Revolving Loans	0
Total Loans	369
Consumer [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	20
2023	0	13
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	20	13
Consumer [Member] | Pass [Member]
Loans Held for Investment Portfolio by Internal Risk Grading, and by Year of Origination [Abstract]
2024	20
2023	0	13
2022	0	0
2021	0	0
2020	0	0
2019		0
Prior	0	0
Revolving Loans	0	0
Total Loans	$ 20	$ 13

Loans Receivable Held for Inv_9

Loans Receivable Held for Investment, Off-Balance Sheet Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Off-Balance Sheet Commitments [Abstract]
Allowance for off-balance sheet commitments	$ 342		$ 342		$ 364
Recovery of provision for off-balance sheet loan commitments	$ 24	$ 69	$ 26	$ 106

Goodwill and Core Deposit Int_3

Goodwill and Core Deposit Intangible, Changes in Carrying Amounts of Goodwill and Core Deposit Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Changes in Carrying Amount of Goodwill [Roll Forward]
Balance at the beginning of the period			$ 25,858	$ 25,858
Additions			0	0
Change in deferred tax estimate			0	0
Amortization			0	0
Balance at the end of the period	$ 25,858	$ 25,858	25,858	25,858
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period			2,111
Amortization	(84)	(98)	(252)	(293)
Balance at the end of the period	1,859		1,859
Core Deposit Intangible [Member]
Changes in Carrying Amount of Core Deposit Intangibles [Roll Forward]
Balance at the beginning of the period			2,111	2,501
Additions			0	0
Change in deferred tax estimate			0	0
Amortization			(252)	(293)
Balance at the end of the period	$ 1,859	$ 2,208	$ 1,859	$ 2,208

Goodwill and Core Deposit Int_4

Goodwill and Core Deposit Intangible, Components of Carrying Amount of Core Deposit Intangible (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Net [Abstract]
Net core deposit intangible	$ 1,859	$ 2,111
Core Deposits [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Core deposit intangible acquired	3,329	3,329
Less: Accumulated amortization	(1,470)	(1,218)
Net core deposit intangible	$ 1,859	$ 2,111	$ 2,208	$ 2,501

Goodwill and Core Deposit Int_5

Goodwill and Core Deposit Intangible, Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Estimated amortization expense [Abstract]
Net core deposit intangible	$ 1,859	$ 2,111
Core Deposit Intangible [Member]
Estimated amortization expense [Abstract]
Remainder of 2024	84
2025	315
2026	304
2027	291
2028	279
Thereafter	586
Net core deposit intangible	$ 1,859	$ 2,111	$ 2,208	$ 2,501

Borrowings, Liabilities Securit

Borrowings, Liabilities Securities Sold under Agreements to Repurchase (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 89,798	$ 73,475
Weighted average rate on repurchase agreements	3.68%	2.60%
Securities pledged as collateral	$ 97,600	$ 89,000

Borrowings, Other Borrowings (D

Borrowings, Other Borrowings (Details) $ in Thousands			1 Months Ended	9 Months Ended
	Mar. 11, 2024 USD ($)	Dec. 27, 2023 USD ($)	Jan. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) Note	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Abstract]
Advances from Federal Home Loan Banks				$ 208,568		$ 209,319
Loans receivable				966,788		880,457
Bank term funding program outstanding amount				100,000		100,000
Securities pledged as collateral				97,600		89,000
Notes payable				$ 0		14,000
Number of notes payables | Note				2
Notes paid off				$ 14,000	$ 0
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
Securities pledged as collateral				$ 94,300		98,300
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				94,300		98,300
FHLB of Atlanta [Member]
Debt Instrument [Abstract]
FHLB advances, additional amount eligible to borrow				$ 133,900
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				$ 208,600		$ 209,300
Weighted average interest rate				4.35%		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				$ 484,400		$ 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	Sep. 30, 2024	Dec. 31, 2023
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	$ 238,489	$ 316,950
Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	57,208	66,778
Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	21,308	23,339
Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	44,164	47,836
Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,455	4,373
U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	101,738	163,880
SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	9,616	10,744
Recurring Basis [Member] | Federal Agency Mortgage-backed Securities [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	57,208	66,778
Recurring Basis [Member] | Federal Agency CMOs [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	21,308	23,339
Recurring Basis [Member] | Federal Agency Debt [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	44,164	47,836
Recurring Basis [Member] | Municipal Bonds [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	4,455	4,373
Recurring Basis [Member] | U.S. Treasuries [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	101,738	163,880
Recurring Basis [Member] | SBA Pools [Member]
Assets Measured on Recurring Basis [Abstract]
Securities available-for-sale	9,616	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	101,738	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	57,208	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	21,308	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	44,164	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	4,455	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	9,616	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	Sep. 30, 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	Sep. 30, 2024	Dec. 31, 2023
Financial Assets [Abstract]
Securities available-for-sale	$ 238,489	$ 316,950
Carrying Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	97,079	105,195
Securities available-for-sale	238,489	316,950
Loans receivable held for investment	966,788	880,457
Accrued interest receivable	5,744	4,938
Bank owned life insurance	3,309	3,275
Financial Liabilities [Abstract]
Deposits	672,248	682,635
FHLB advances	208,568	209,319
BTFP borrowing	100,000	100,000
Securities sold under agreements to repurchase	89,798	73,475
Notes payable		14,000
Accrued interest payable	4,885	1,420
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	97,079	105,195
Securities available-for-sale	238,489	316,950
Loans receivable held for investment	958,934	746,539
Accrued interest receivable	5,744	4,938
Bank owned life insurance	3,309	3,275
Financial Liabilities [Abstract]
Deposits	608,374	536,171
FHLB advances	208,202	208,107
BTFP borrowing	100,000	100,000
Securities sold under agreements to repurchase	89,671	72,597
Notes payable		14,000
Accrued interest payable	4,885	1,420
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	97,079	105,195
Securities available-for-sale	101,738	163,880
Loans receivable held for investment	0	0
Accrued interest receivable	5,744	4,938
Bank owned life insurance	3,309	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	136,751	153,070
Loans receivable held for investment	0	0
Accrued interest receivable	0	0
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	608,374	536,171
FHLB advances	208,202	208,107
BTFP borrowing	100,000	100,000
Securities sold under agreements to repurchase	89,671	72,597
Notes payable		0
Accrued interest payable	4,885	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	958,934	746,539
Accrued interest receivable	0	0
Bank owned life insurance	0	0
Financial Liabilities [Abstract]
Deposits	0	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		3 Months Ended		9 Months Ended
	Jun. 21, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 20, 2023
Stock-based Compensation [Abstract]
Stock based compensation expense		$ 84	$ 88	$ 199	$ 173
Directors [Member]
Stock-based Compensation [Abstract]
Stock based compensation expense		$ 0	$ 0	$ 96	$ 95
2018 LTIP [Member]
Stock-based Compensation [Abstract]
Maximum number of shares that can be awarded (in shares)						161,638
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)		299,048		299,048
Shares available for awards (in shares)		350,091		350,091

Stock-based Compensation, Stock

Stock-based Compensation, Stock Award Activity (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Number Outstanding [Roll Forward]
Outstanding at the beginning of the period (in shares)	187,749	129,645	113,568	51,090
Granted during period (in shares)	0	0	145,890	101,930
Forfeited during period (in shares)	(452)	(10,684)	(27,601)	(12,044)
Vested during period (in shares)	0	0	(44,560)	(22,015)
Outstanding at the end of the period (in shares)	187,297	118,961	187,297	118,961
Stock Options [Member]
Number Outstanding [Roll Forward]
Granted during period (in shares)	0	0	0	0
Exercised during period (in shares)	0	0	0	0
Forfeited during period (in shares)	0		18,750
Expired during period (in shares)	0	0	0	0

Stock-based Compensation, Optio

Stock-based Compensation, Options Outstanding and Exercisable (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Nov. 01, 2023	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense		$ 84	$ 88	$ 199	$ 173
Reverse stock split ratio	0.125
Stock Options [Member]
Options, Outstanding [Abstract]
Number Outstanding (in shares) | shares		12,500		12,500
Weighted Average Remaining Contractual Life				1 year 4 months 24 days
Weighted Average Exercise Price (in dollars per share) | $ / shares		$ 12.96		$ 12.96
Aggregate Intrinsic Value		$ 0		$ 0
Options, Exercisable [Abstract]
Number Outstanding ( in shares) | shares		12,500		12,500
Weighted Average Exercise Price (in dollars per share) | $ / shares		$ 12.96		$ 12.96
Aggregate Intrinsic Value		$ 0		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract]
Stock based compensation expense		$ 0	$ 0	$ 0	$ 0

ESOP Plan (Details)

ESOP Plan (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 01, 2023	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	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 | $		$ 46	$ 11	$ 137	$ 33
Shares Held by ESOP [Abstract]
Allocated to participants (in shares) | shares		156,970		156,970		134,444
Committed to be released (in shares) | shares		13,652		13,652		28,669
Suspense shares (in shares) | shares		451,320		451,320		458,829
Total ESOP shares (in shares) | shares		621,942		621,942		621,942
Fair value of unearned shares | $		$ 2,907		$ 2,907		$ 4,217
Unearned ESOP shares | $		$ 4,275		$ 4,275		$ 4,492
Reverse stock split ratio	0.125

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Actual [Abstract]
Community Bank Leverage Ratio, Amount	$ 187,310	$ 185,773
Community Bank Leverage Ratio, Ratio	0.1384	0.1497
Minimum Required To Be Well Capitalized Under Prompt Corrective Action Provisions [Abstract]
Community Bank Leverage Ratio, Amount	$ 121,838	$ 111,696
Community Bank Leverage Ratio, Ratio	0.09	0.09

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Valuation Allowance [Abstract]
Cumulative losses lookback period			2 years
Deferred tax assets, valuation allowance	$ 449		$ 449
Income tax expense	209	$ 39	298	$ 806
Increase (decrease) in pre-tax income	$ 628		$ (1,800)
Effective tax rate	27.76%	31.20%	32.04%	29.49%

Concentrations (Details)

Concentrations (Details) - Customer Concentration Risk [Member] - Customer	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Deposits [Member]
Concentration Percentage [Abstract]
Number of significant customers	2	2
Deposits [Member] | Two Customers [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	12%	12%
Securities Sold under Agreements to Repurchase [Member]
Concentration Percentage [Abstract]
Number of significant customers	1	1
Securities Sold under Agreements to Repurchase [Member] | One Customer [Member]
Concentration Percentage [Abstract]
Percentage of concentration risk	92%	85%