Broadway Financial Corp
cityfirstbank.comWhat Do They Do?
Offers deposit accounts and loans for apartment buildings and commercial properties to local depositors, property borrowers and community organizations.
10-K for FY2025, filed Mar 31, 2026
How Do They Make Money?
Earns most of its income from borrowers’ interest on loans and interest on investments; borrowers make monthly payments. It also charges monthly deposit-account fees and transaction fees, usually collected immediately or the following month.
10-K for FY2025, filed Mar 31, 2026Our revenue is derived primarily from interest income on loans and investments. Our principal costs are interest expenses that we incur on…View ↗
We currently offer adjustable-rate loans with interest rates that adjust either semi‑annually or semi‑annually upon expiration of an…View ↗
Revenue RecognitionView ↗
$184K
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10-K for FY2025, filed Mar 31, 2026
$184K ↗
Who Are Their Customers?
The bank attracts deposits from the public near its branches, nonprofits and municipalities; borrowers include multifamily and commercial property owners. Deposits are available through its branches and online banking, while loan referrals come from bank staff, local mortgage brokers and customers.
10-K for FY2025, filed Mar 31, 2026The Company is headquartered in Los Angeles, California and our principal business is the operation of our wholly‑owned subsidiary, City…View ↗
Our loan portfolio is comprised primarily of commercial mortgage loans which are secured by multi‑family residential properties…View ↗
Loan originations are derived from various sources including our loan personnel, local mortgage brokers, and referrals from customers. More…View ↗
City First is a Community Development Financial Institution (“CDFI”) and a certified B Corp, offering a variety of financial services to…View ↗
Do Revenues Turn Into Profits?
No. It lost $24.8M in FY2025.
How Are They Changing?
Shrinking. Revenue fell 26% in 4 years, from $249K in FY2021 to $184K in FY2025, about 7% a year.
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