| Business Summary | | Broadway
Financial
Corporation
is
the
holding
company
of
Broadway
Federal
Savings
and
Loan
Association
(Broadway
Federal)
and
BankSmart,
Inc.
Broadway
Federal
is
a
community-oriented
savings
institution
dedicated
to
serving
the
African-American,
Hispanic
and
other
communities
of
Mid-City
and
South
Central
Los
Angeles,
California.
Broadway
Federal
conducts
its
business
from
four
banking
offices
in
Los
Angeles
and
one
banking
office
located
in
the
nearby
City
of
Inglewood
that
also
houses
the
Bank's
loan
origination
and
loan
service
departments.
BankSmart
provides
retail
services
to
communities
served
by
Broadway
Federal. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BYFC
is
a
holding
company
for
Broadway
Federal
Savings
Bank
and
BankSmart,
which
provides
retail
copy
and
postal
services.
For
the
six
months
ended
6/30/101,
interest
income
rose
7%
to
$6.5
million.
Net
interest
income
after
loan
loss
provision
rose
less
than
1%
to
$3.2
million.
Net
income
applicable
to
Common
fell
15%
to
$323
thousand.
Net
interest
income
reflects
asset
growth,
partially
offset
by
higher
interest
expenses.
Earnings
also
suffered
from
higher
salaries. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Elbert Hudson, 80 Chairman | -- | Paul Hudson, 52 Pres
and CEO | $150K | Bob Adkins, 50 CFO | 129K | Eric Johnson, 41 Sr.
VP and CRO of the Bank | 125K | Gerald Parker, 58 CLO
of the Bank | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|