Broadway Federal Bank, f.s.b. in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Broadway Federal Bank, f.s.b. in Los Angeles, California (CA)
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Broadway Federal Bank, f.s.b. - Overview

  • General
  • FDIC Certificate #: 30306
    Status: Active
    Federal Reserve ID: 26176
    Date Established: Febuary 26, 1947
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 5141
    FDIC's unique #: 43140
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 26, 1947
    Last Structure Change Effective Date: November 07, 2011
    Last Structure Change Process Date: March 02, 2012
    Last Data Update: March 02, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4835 Venice Boulevard, Los Angeles, CA 90019
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $418.4 mil
    Equity capital: $35.6 mil
    Deposits held in domestic offices: $297.2 mil
    Return on assets (ROA): -1.81% (-$7.6 mil)
    Quarterly return on assets: 0.57% ($2.4 mil)
    Return on Equity (ROE): -20.43% (-$7.4 mil)
    Quarterly return on equity: 6.85% ($2.5 mil)
    Net income: -$8.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: -1.24% (-$5,187.6 mil)
    Quarterly Pretax return on assets: 0.96% ($4,016.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $418,357Total assets
  • $12,127Cash and due from depository institutions
  • $6,441Interest-bearing balances
  • $18,884Securities
  • $19,470Federal funds sold & reverse repurchase agreements
  • $340,777Net loans & leases
  • $16,082Loan loss allowance
  • $0Trading account assets
  • $4,626Bank premises and fixed assets
  • $6,801Other real estate owned
  • $363Goodwill and other intangibles
  • $418,357Life insurance assets
  • $15,309All other assets
  • $382,736Total liabilities and capital
  • $297,188Total liabilities
  • $270,591Total deposits
  • $297,188Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $83,000Trading liabilities
  • $0Other borrowed funds
  • $2,548Subordinated debt
  • $35,621All other liabilities
  • $35,621Total equity capital
  • $35,621Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $24,222Surplus
  • $11,398Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,901Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42,375Income earned, not collected on loans
  • $0Earning assets
  • $1,694Long-term assets (5+ years)
  • $385,572Average Assets, year-to-date
  • $13,165Average Assets, quarterly
  • $449,651Volatile liabilities
  • $420,292Insider loans
  • $304,180FHLB advances
  • $425,849Loans and leases held for sale
  • $2,609Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,066Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,609Total unused commitments
  • $3,802Restructured Loans and leases
  • $439Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,115Total interest income
  • $7,194Total interest expense
  • $17,921Net interest income
  • $8,488Provision for loan and lease losses
  • -$2,094Total noninterest income
  • $0Fiduciary activities
  • $597Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,691Additional noninterest income
  • $12,898Total noninterest expense
  • $6,609Salaries and employee benefits
  • $1,425Premises and equipment expense
  • $4,864Additional noninterest expense
  • -$5,559Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,591Applicable income taxes
  • -$8,150Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,150Net income attributable to bank
  • $0Net charge-offs
  • -$8,150Cash dividends
  • $12,864Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.05%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 4.32%Net interest margin
  • -0.50%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • -1.81%Net operating income to assets
  • -1.81%Return on assets (ROA)
  • -1.24%Pretax return on assets
  • -20.43%Return on equity (ROE)
  • -20.43%Retained earnings to average equity (YTD only)
  • 3.30%Net charge-offs to loans
  • 65.98%Credit loss provision to net charge-offs
  • 0.23%Efficiency ratio
  • 81,494Assets per employee
  • 5.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.51%Loss allowance to noncurrent loans
  • 37.95%Noncurrent assets plus other real estate owned to assets
  • 11.75%Noncurrent loans to loans
  • 11.87%Net loans and leases to deposits
  • 114.67%Net loans and leases to core deposits
  • 128.76%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 11.53%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $449,651Average earning assets
  • $39,901Average equity
  • $414,924Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043140Broadway Federal Bank, F.S.b.4835 Venice Boulevard, Los Angeles, CA 90019Febuary 26, 1947Full Service Brick and Mortar
    12798604838 West Venice Blvd Branch4838 W. Venice Blvd, Los Angeles, CA 90019Febuary 26, 1947Full Service Brick and Mortar
    100279861170 North Market Street Branch170 North Market Street, Inglewood, CA 90301Febuary 26, 1947Full Service Brick and Mortar
    103364807South Figueroa Street Branch4001 South Figueroa Street, Los Angeles, CA 90037August 09, 1999Full Service Brick and Mortar
    104492419Crenshaw Blvd4371 Crenshaw Boulevard, Los Angeles, CA 90008Febuary 05, 2008Full Service Brick and Mortar

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