2012 Form 10-K Financial Statement

#000119312513136900 Filed on April 01, 2013

View on sec.gov

Income Statement

Concept 2012 2011 Q4 2011
Revenue $19.89M $25.12M
YoY Change -20.8%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $306.0K $190.0K $501.0K
YoY Change -38.92% 72.73% 16.51%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.426M $8.051M
YoY Change -20.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.417M -$4.800M -$12.41M
YoY Change -111.42% -1166.67% -480.77%
Income Tax $829.0K $80.00K $1.842M
% Of Pretax Income 58.5%
Net Earnings $588.0K -$4.870M -$14.26M
YoY Change -104.12% -2129.17% -842.45%
Net Earnings / Revenue 2.96% -56.76%
Basic Earnings Per Share -$0.38 -$8.81
Diluted Earnings Per Share -$0.38 -$2.799M -$8.81
COMMON SHARES
Basic Shares Outstanding 1.808M shares 1.744M shares
Diluted Shares Outstanding 1.808M shares 1.744M shares

Balance Sheet

Concept 2012 2011 Q4 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.60M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.600M $4.626M $4.600M
YoY Change -43.48% -9.29% -9.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $900.0K $900.0K
YoY Change -83.33% -83.33%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $373.7M $413.7M $413.7M
YoY Change -9.67% -14.5% -14.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.900M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.000M $5.000M
YoY Change 0.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.000M $5.000M $5.000M
YoY Change -20.0% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $11.00M $6.000M $6.000M
YoY Change 83.33% 0.0% 0.0%
Other Long-Term Liabilities $4.100M $6.800M $6.800M
YoY Change -39.71% 47.83% 47.83%
Total Long-Term Liabilities $15.10M $12.80M $12.80M
YoY Change 17.97% 20.75% 20.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.000M $5.000M $5.000M
Total Long-Term Liabilities $15.10M $12.80M $12.80M
Total Liabilities $355.7M $395.5M $395.5M
YoY Change -10.06% -12.33% -12.33%
SHAREHOLDERS EQUITY
Retained Earnings -$7.295M
YoY Change
Common Stock $20.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.444M
YoY Change
Treasury Stock Shares 269.4K shares
Shareholders Equity $18.00M $18.28M $18.30M
YoY Change
Total Liabilities & Shareholders Equity $373.7M $413.7M $413.7M
YoY Change -9.67% -14.5% -14.51%

Cashflow Statement

Concept 2012 2011 Q4 2011
OPERATING ACTIVITIES
Net Income $588.0K -$4.870M -$14.26M
YoY Change -104.12% -2129.17% -842.45%
Depreciation, Depletion And Amortization $306.0K $190.0K $501.0K
YoY Change -38.92% 72.73% 16.51%
Cash From Operating Activities $2.935M -$14.66M $5.770M
YoY Change -49.13% -731.9% -47.06%
INVESTING ACTIVITIES
Capital Expenditures $11.00K $0.00 $33.00K
YoY Change -66.67% -100.0% -120.63%
Acquisitions
YoY Change
Other Investing Activities $70.86M $29.22M $60.56M
YoY Change 17.01% 36.41% 47.53%
Cash From Investing Activities $70.85M $29.22M $61.06M
YoY Change 16.02% 36.61% 49.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.02M -3.930M -57.21M
YoY Change -28.31% -83.54% 53.55%
NET CHANGE
Cash From Operating Activities 2.935M -14.66M 5.770M
Cash From Investing Activities 70.85M 29.22M 61.06M
Cash From Financing Activities -41.02M -3.930M -57.21M
Net Change In Cash 32.76M 10.63M 9.619M
YoY Change 240.61% -6352.94% -33.84%
FREE CASH FLOW
Cash From Operating Activities $2.935M -$14.66M $5.770M
Capital Expenditures $11.00K $0.00 $33.00K
Free Cash Flow $2.924M -$14.66M $5.737M
YoY Change -49.03% -721.19% -48.13%

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ForeclosedRealEstateExpense
3188000
CY2011 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
87000
CY2011 us-gaap Occupancy Net
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1436000
CY2011 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2408000
CY2011 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4911000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1744330 shares
CY2011 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
25115000
CY2011 us-gaap Allowance For Loan And Lease Losses Recoveries Of Bad Debts
AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts
112000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-12413000
CY2011 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
388000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.81
CY2011 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
15424000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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-57213000
CY2011 us-gaap Proceeds From Sale Of Foreclosed Assets
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4727000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
532000
CY2011 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-45000
CY2011 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
752000
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17064000
CY2011 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
131000
CY2011 us-gaap Professional Fees
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962000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
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0
CY2011 us-gaap Noninterest Expense
NoninterestExpense
18037000
CY2011 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3558000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1744330 shares
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-192000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
252000
CY2011 us-gaap Gain Loss On Sale Of Securities Net
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0
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-7721000
CY2011 us-gaap Proceeds From Federal Home Loan Bank Borrowings
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9500000
CY2011 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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2544000
CY2011 us-gaap Depreciation
Depreciation
501000
CY2011 us-gaap Proceeds From Sale Of Other Assets
ProceedsFromSaleOfOtherAssets
0
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0
CY2011 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
692000
CY2011 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
39000
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
CY2011 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-96000
CY2011 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
928000
CY2011 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
2361000
CY2011 us-gaap Interest Paid
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CY2011 us-gaap Defined Contribution Plan Cost Recognized
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91000
CY2011 us-gaap Real Estate Owned Valuation Allowance Provision
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2654000
CY2011 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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2606000
CY2011 us-gaap Gains Losses On Sales Of Other Real Estate
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-35000
CY2011 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
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CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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227075 shares
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
-36000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-14255000
CY2011 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
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79000
CY2011 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
5100000
CY2011 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6541000
CY2011 us-gaap Allowance For Loan And Lease Losses Provision For Loss Gross
AllowanceForLoanAndLeaseLossesProvisionForLossGross
12153000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1842000
CY2011 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
700000
CY2011 us-gaap Gain Loss On Sale Of Loans And Leases
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-88000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011 us-gaap Proceeds From Sale Of Treasury Stock
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5000
CY2011 us-gaap Interest Expense
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8051000
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541000
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23 Loan
CY2011 byfc Amortization Of Investment In Affordable Housing Limited Partnership
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325000
CY2011 byfc Deferred Income Tax Assets Increase Decrease
DeferredIncomeTaxAssetsIncreaseDecrease
850000
CY2011 byfc Financing Receivable Modification Pre Modification Recorded Investment
FinancingReceivableModificationPreModificationRecordedInvestment
17486000
CY2011 byfc Financing Receivable Modification Subsequent Default Number Of Contracts
FinancingReceivableModificationSubsequentDefaultNumberOfContracts
1 Loan
CY2011 byfc Financing Receivable Modification Subsequent Default Recorded Investment
FinancingReceivableModificationSubsequentDefaultRecordedInvestment
418000
CY2011 byfc Financing Receivables Modifications Post Modification Recorded Investment
FinancingReceivablesModificationsPostModificationRecordedInvestment
16955000
CY2011 byfc Held To Maturity Securities Transferred To Available For Sale Securities
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecurities
10525000
CY2011 byfc Lower Of Cost Or Market Write Downs Or Recoveries
LowerOfCostOrMarketWriteDownsOrRecoveries
1600000
CY2011 byfc Office Services And Supplies Expense
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539000
CY2011 byfc Provision For Losses On Loans Held For Sale
ProvisionForLossesOnLoansHeldForSale
1612000
CY2011 byfc Transfers From Loans Held For Sale To Reo
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1526000
CY2011 byfc Foreclosed Real Estate Operating Expense
ForeclosedRealEstateOperatingExpense
499000
CY2011 byfc Change In Valuation Allowance On Performing Loans Held For Sale
ChangeInValuationAllowanceOnPerformingLoansHeldForSale
48000
CY2011 byfc Financing Receivable Modifications Related Allowance Loans Modified During Period
FinancingReceivableModificationsRelatedAllowanceLoansModifiedDuringPeriod
2500000
CY2011 byfc Enterprise Zone Net Interest Deduction
EnterpriseZoneNetInterestDeduction
428000
CY2011 byfc Number Of Active Operating Subsidiaries
NumberOfActiveOperatingSubsidiaries
1 Entity
CY2012 dei Trading Symbol
TradingSymbol
BYFC
CY2012 dei Entity Registrant Name
EntityRegistrantName
BROADWAY FINANCIAL CORP \DE\
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001001171
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 us-gaap Interest Expense Deposits
InterestExpenseDeposits
3246000
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-253000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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104000
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
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-82000
CY2012 us-gaap Other Comprehensive Income Loss Tax
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0
CY2012 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
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-253000
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y4M13D
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
81000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
335000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
4291000
CY2012 us-gaap Noninterest Income
NoninterestIncome
3133000
CY2012 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
9817000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
482000
CY2012 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
19279000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
81000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
8.00
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
108000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
431000
CY2012 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
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3097000
CY2012 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
3-month LIBOR plus 2.54%
CY2012 us-gaap Provision For Other Losses
ProvisionForOtherLosses
1218000
CY2012 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1190000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0
CY2012 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
882000
CY2012 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-188000
CY2012 us-gaap Defined Contribution Plan Maximum Annual Contribution Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionPerEmployeePercent
0.06 pure
CY2012 us-gaap Impaired Financing Receivable Average Recorded Investment
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55160000
CY2012 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><u>Concentration of Credit Risk</u></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Most of the Company&#x2019;s business activity, excluding loans made to churches throughout the country, is with customers located within Southern California. Therefore, the Company&#x2019;s exposure to credit risk is significantly affected by changes in the economy in the Southern California area.</font></p> </div>
CY2012 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
33000000
CY2012 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
200000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-29000
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2012 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2014-03-17
CY2012 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
61000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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2935000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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70845000
CY2012 us-gaap Income Taxes Paid
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3000
CY2012 us-gaap Servicing Fees Net
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-175000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-282000
CY2012 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1281000
CY2012 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
860000
CY2012 us-gaap Employee Stock Ownership Plan Esop Cash Contributions To Esop
EmployeeStockOwnershipPlanESOPCashContributionsToESOP
57000
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-850000
CY2012 us-gaap Number Of Operating Segments
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2004-03-17
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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11000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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32763000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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0
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-128000
CY2012 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
1518000
CY2012 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
79000
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OtherNoninterestExpense
2449000
CY2012 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y1M6D
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1807911 shares
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y6M15D
CY2012 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19891000
CY2012 us-gaap Allowance For Loan And Lease Losses Recoveries Of Bad Debts
AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts
520000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1417000
CY2012 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
167000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2012 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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-41017000
CY2012 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
7760000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-203000
CY2012 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-140000
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
639000
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
13465000
CY2012 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
103000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
51897 shares
CY2012 us-gaap Professional Fees
ProfessionalFees
692000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-50000
CY2012 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50 pure
CY2012 us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
439000
CY2012 us-gaap Noninterest Expense
NoninterestExpense
13991000
CY2012 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3180000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
0
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
701000
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
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-448000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1807911 shares
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
373000
CY2012 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
50000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-701000
CY2012 us-gaap Proceeds From Federal Home Loan Bank Borrowings
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29500000
CY2012 us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
Quarterly
CY2012 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
9667000
CY2012 us-gaap Depreciation
Depreciation
306000
CY2012 us-gaap Proceeds From Sale Of Other Assets
ProceedsFromSaleOfOtherAssets
4237000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2523000
CY2012 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
593000
CY2012 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
121000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1050000
CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-57000
CY2012 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
279000
CY2012 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
1019000
CY2012 us-gaap Interest Paid
InterestPaid
5787000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
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89000
CY2012 us-gaap Real Estate Owned Valuation Allowance Provision
RealEstateOwnedValuationAllowanceProvision
1218000
CY2012 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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1828000
CY2012 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
292000
CY2012 us-gaap Payments For Proceeds From Loans And Leases
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CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
175178 shares
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
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-32000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
588000
CY2012 us-gaap Preferred Stock Accretion Of Redemption Discount
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0
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97000
CY2012 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
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2900000
CY2012 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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4000000
CY2012 us-gaap Labor And Related Expense
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6239000
CY2012 us-gaap Allowance For Loan And Lease Losses Provision For Loss Gross
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1190000
CY2012 us-gaap Income Tax Expense Benefit
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829000
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491000
CY2012 us-gaap Gain Loss On Sale Of Loans And Leases
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012 us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><u>Use of Estimates</u></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">To prepare consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#x201C;GAAP&#x201D;), management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The allowance and provision for loan losses, impaired loans, fair value of loans held for sale, classification of investment securities, fair value of real estate owned, deferred tax asset valuation allowance, disallowed deferred tax assets for regulatory capital, and fair values of investment securities and other financial instruments are particularly subject to change.</font></p> </div>
CY2012 us-gaap Proceeds From Sale Of Treasury Stock
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200000
CY2012 us-gaap Interest Expense
InterestExpense
6426000
CY2012 byfc Net Increase Decrease In Mortgage Escrow Funds
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-102000
CY2012 byfc Number Of Nonperforming Loans
NumberOfNonperformingLoans
30 Loan
CY2012 byfc Financing Receivable Modification Number Of Contracts
FinancingReceivableModificationNumberOfContracts
28 Loan
CY2012 byfc Amortization Of Investment In Affordable Housing Limited Partnership
AmortizationOfInvestmentInAffordableHousingLimitedPartnership
147000
CY2012 byfc Deferred Income Tax Assets Increase Decrease
DeferredIncomeTaxAssetsIncreaseDecrease
0
CY2012 byfc Expected Proceeds From Issuance Of Private Placement
ExpectedProceedsFromIssuanceOfPrivatePlacement
5000000
CY2012 byfc Financing Receivable Modification Extension Period Maximum
FinancingReceivableModificationExtensionPeriodMaximum
P5Y
CY2012 byfc Financing Receivable Modification Extension Period Minimum
FinancingReceivableModificationExtensionPeriodMinimum
P10M
CY2012 byfc Financing Receivable Modification Pre Modification Recorded Investment
FinancingReceivableModificationPreModificationRecordedInvestment
13871000
CY2012 byfc Financing Receivable Modification Subsequent Default Number Of Contracts
FinancingReceivableModificationSubsequentDefaultNumberOfContracts
4 Loan
CY2012 byfc Financing Receivable Modification Subsequent Default Recorded Investment
FinancingReceivableModificationSubsequentDefaultRecordedInvestment
3211000
CY2012 byfc Financing Receivables Modifications Post Modification Recorded Investment
FinancingReceivablesModificationsPostModificationRecordedInvestment
14305000
CY2012 byfc Held To Maturity Securities Transferred To Available For Sale Securities
HeldToMaturitySecuritiesTransferredToAvailableForSaleSecurities
0
CY2012 byfc Lower Of Cost Or Market Write Downs Or Recoveries
LowerOfCostOrMarketWriteDownsOrRecoveries
-109000
CY2012 byfc Maturity Of Debenture
MaturityOfDebenture
P10Y
CY2012 byfc Maximum Period To Reduce Interest Rate As Modification In Term Of Loan
MaximumPeriodToReduceInterestRateAsModificationInTermOfLoan
P7Y
CY2012 byfc Minimum Period To Reduce Interest Rate As Modification In Term Of Loan
MinimumPeriodToReduceInterestRateAsModificationInTermOfLoan
P10M
CY2012 byfc Office Services And Supplies Expense
OfficeServicesAndSuppliesExpense
447000
CY2012 byfc Payment Default Classification Period
PaymentDefaultClassificationPeriod
P90D
CY2012 byfc Percentage Of Outstanding Shares Of Company Common Stock
PercentageOfOutstandingSharesOfCompanyCommonStock
0.90 pure
CY2012 byfc Provision For Losses On Loans Held For Sale
ProvisionForLossesOnLoansHeldForSale
-84000
CY2012 byfc Stock To Be Issued From Private Placement
StockToBeIssuedFromPrivatePlacement
17800000 shares
CY2012 byfc Transfers From Loans Held For Sale To Reo
TransfersFromLoansHeldForSaleToReo
334000
CY2012 byfc Interest On Unpaid Dividends
InterestOnUnpaidDividends
-135000
CY2012 byfc Number Of Banking Offices
NumberOfBankingOffices
3 Office
CY2012 byfc Foreclosed Real Estate Operating Expense
ForeclosedRealEstateOperatingExpense
592000
CY2012 byfc Employee Stock Ownership Plan Esop Vesting Period
EmployeeStockOwnershipPlanEsopVestingPeriod
P7Y
CY2012 byfc Change In Valuation Allowance On Performing Loans Held For Sale
ChangeInValuationAllowanceOnPerformingLoansHeldForSale
25000
CY2012 byfc Financing Receivable Modifications Related Allowance Loans Modified During Period
FinancingReceivableModificationsRelatedAllowanceLoansModifiedDuringPeriod
778000
CY2012 byfc Enterprise Zone Net Interest Deduction
EnterpriseZoneNetInterestDeduction
356000
CY2012 byfc Loans Transferred To Held For Sale Chargeoffs
LoansTransferredToHeldForSaleChargeoffs
3600000
CY2012 byfc Number Of Active Operating Subsidiaries
NumberOfActiveOperatingSubsidiaries
1 Entity
CY2012Q3 byfc Quarterly Cash Dividend Per Share
QuarterlyCashDividendPerShare
0.05

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