Broadway Financial Corporation
Broadway Financial Corp DE is a U.S.-based savings institution holding company whose banking subsidiary provides deposit-taking, lending, and treasury/liquidity services. Its business is centered on community and relationship banking, with loan origination, construction lending, and investment securities management as core activities.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCore deposit products and related cash management services used to fund the bank and serve customers.
Loans held for investment, including approved but unfunded commitments, line of credit loans, and construction loans.
Securities available-for-sale, federal funds, and other liquid assets used to manage balance-sheet liquidity.
Repurchase agreements and other short-term funding arrangements used to support asset growth and liquidity.
Traditional community banking services and related financial intermediation activities.
Customers
The bank serves depositors and borrowers that use relationship banking, including customers seeking operating lines, construction financing, and other secured credit. The reports also show meaningful concentration among a small number of depositors and a single short-term funding counterparty, indicating reliance on a limited set of relationship accounts. The company also supports community-development-related financing structures through its banking operations.
Individuals and businesses placing funds in deposit accounts that provide the bank's core funding base.
Customers drawing on commercial loans, lines of credit, and construction financing for operating or project needs.
Institutions or customers providing repurchase agreement funding and other short-term borrowings.
Participants in structured community-development and New Markets Tax Credit-related transactions.
Strategy
The company is focused on maintaining liquidity, funding loan growth, and managing credit risk through its allowance methodology and balance-sheet structure. It also relies on relationship banking and structured financing activities, while preserving regulatory capital and dividend capacity at the bank level.
More precise expected-credit-loss modeling supports better underwriting and reserve discipline.
The bank depends on stable deposits, securities liquidity, and short-term borrowings to fund lending.
Concentrated customer balances make relationship retention important to balance-sheet stability.
Geography
Broadway Financial Corp DE operates primarily in the United States through its banking subsidiary. The available excerpts do not disclose a country-by-country revenue split, so the business should be viewed as domestically focused with exposure tied to U.S. banking markets and regulation.
Risks
The company faces concentration risk because a small number of customers account for a large share of deposits and short-term borrowings. As a bank, it is also exposed to credit risk on loans and unfunded commitments, interest-rate and liquidity risk, and regulatory constraints on capital and dividends. The reported material weakness in internal control over financial reporting adds an additional reporting and governance risk.
A material weakness can lead to misstatements, delayed reporting, and remediation costs.
Exposure: Financial reporting and disclosure controls
A small number of customers accounted for a large share of deposits, increasing funding fragility.
Exposure: Five customers represented about 40% of deposits in March 2026
One customer supplied most of the securities sold under agreements to repurchase, creating counterparty dependence.
Exposure: One customer represented about 92% of repo balances in March 2026
Approved but unfunded loans, line-of-credit commitments, and construction loans can become funded exposures and later defaults.
Exposure: Unfunded loan commitments and construction lending
Accounting
Judgemental itemsReserve levels depend on forecasted defaults, prepayments, and qualitative factors, affecting earnings and capital.
Impact: Loans and unfunded commitments
Goodwill is tested using discounted cash flow and market-based valuation assumptions that can change with the economy.
Impact: Equity and book value
Approved but unfunded loans and construction commitments may require reserve recognition before cash funding occurs.
Impact: Credit loss provision
Reported tangible equity excludes goodwill and core deposit intangibles, affecting capital analysis.
Impact: Per-share book value metrics
Similar listed companies
Publicly listed companies with a comparable business focus.
BV Financial, Inc.
BVFL · Savings Institution, Federally Chartered
Sound Financial Bancorp, Inc.
SFBC · Savings Institution, Federally Chartered
Blue Foundry Bancorp
Savings Institutions, Not Federally Chartered
Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a New Jersey-based savings institution that gathers deposits and makes primarily…
Lake Shore Bancorp, Inc.
LSBK · Savings Institution, Federally Chartered
NorthEast Community Bancorp, Inc.
NECB · Savings Institutions, Not Federally Chartered
Fidelity D & D Bancorp, Inc
FDBC · National Commercial Banks
Last updated: 24/09/2026