Broadway Financial Corp (OTC: BYFC) is a community development financial institution holding company that operates City First Bank, National Association, a federally chartered stock savings bank serving low-income and historically excluded communities. The company earns revenue through net interest income on loans and investments, funded by deposits and borrowings including FHLB advances and securities sold under repurchase agreements. Broadway Financial was incorporated in Delaware in 1995 and completed its conversion to a public benefit corporation in 2021, concurrent with its merger with CFBanc Corporation. The Bank holds CDFI certification from the U.S. Department of the Treasury and has received over $6.3 million in grants and awards from the CDFI Fund over the five years preceding the FY2025 10-K filing, all of which has been reinvested in the communities it serves. As of December 31, 2025, securities sold under repurchase agreements totaled $80.8 million at an average rate of 3.66%, collateralized by $83.7 million in pledged securities including federal agency mortgage-backed securities, agency debt, U.S. Treasuries, and SBA pools.

Revenue model

Net interest income from loans and investments, supplemented by CDFI grants and awards. The bank funds its balance sheet through deposits, FHLB advances, and collateralized repurchase agreements.

Products and services

Deposit accounts, loans held for investment, available-for-sale investment securities, bank-owned life insurance, and collateralized repurchase financing agreements. The Bank operates under CDFI certification enabling access to grant funding from the U.S. Treasury CDFI Fund.

Customers and end markets

Low-income and historically underserved communities. The Bank's mission centers on equitable economic development for communities that have been historically excluded from mainstream financial services.

Value-chain role

Community development bank and federally chartered savings institution. Operates as a deposit-taking, loan-originating bank through its wholly owned subsidiary City First Bank, National Association. The holding company conducts all operations solely through the Bank.

Geographic exposure

The filing excerpts do not specify geographic markets beyond a general focus on underserved communities. The Bank's historical roots are in Washington, D.C. through the CFBanc/City First Bank merger completed in 2021, but specific geographic revenue breakdowns are not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-03-31

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