Broadway Federal Bank, f.s.b.

Headquarters

5055 Wilshire Boulevard, Ste 100
Los Angeles, CA 90036
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.50% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Broadway Federal Bank, f.s.b. is an FDIC insured institution located in Los Angeles, CA. It was founded in 1947 and has approximately $0.5 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 30306
Date Established 1947
Assets $ 503.59 million
Loans $ 426.82 million
Deposits $ 335.93 million
Capital $ 50.59 million
 

For a more detailed analysis of Broadway Federal Bank, f.s.b.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Broadway Federal Bank, f.s.b.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Broadway Federal Bank, f.s.b.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Broadway Federal Bank, f.s.b. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Broadway Federal Bank, f.s.b. Locations


Financial Details

Broadway Federal Bank, f.s.b. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Broadway Federal Bank, f.s.b.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Broadway Federal Bank, f.s.b. U.S. Bank Average
0.52% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Broadway Federal Bank, f.s.b. had $280,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $50,594,000 in equity and $3,211,000 in loans loss reserves. That gives it a Texas Ratio of 0.52%.

Return on Equity
Broadway Federal Bank, f.s.b. U.S. Bank Average
1.2% 7.80%

Broadway Federal Bank, f.s.b. has a Return on Equity of 1.2% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Broadway Federal Bank, f.s.b. U.S. Bank Average
10.05% 12.68%

Broadway Federal Bank, f.s.b. has a Capitalization of 10.05% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Broadway Federal Bank, f.s.b. Balance Sheet Analysis

As of March 31, 2020, Broadway Federal Bank, f.s.b. had assets of $503,594,000, loans of $426,815,000, and deposits of $335,927,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 51.73 million
Interest-bearing balances $ 50.53 million
Total securities $ 10.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 426.82 million
Loan loss allowance $ 3.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.01 million
All other assets $ 11.61 million
     Total Assets $ 453.00 million
LIABILITIES
Total deposits $ 335.93 million
      Interest-bearing deposits $ 291.95 million
      Deposits held in domestic offices $ 335.93 million
      % insured (estimated) 78.78%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 115.00 million
Subordinated debt N.A.
All other liabilities $ 2.07 million
      Total Liabilities $ 453.00 million
      Shareholders’ Equity $ 50.59 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.57 million
Total Interest Expense $ 1.63 million
Net interest income $ 2.94 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.19 million
Total non interest expense $ 2.93 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

The top three loan types in Broadway Federal Bank, f.s.b.’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in California, Broadway Federal Bank, f.s.b. has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.06
Multifamily
Mortgages
77.49
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.17
Commercial Real Estate 7.97
Commercial and Industrial Loans 0.06
Farm Loans 0.00

Frequently Asked Questions About Broadway Federal Bank, F.s.b.

Branches and Savings

Is Broadway Federal Bank, F.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #30306.

Why does Broadway Federal Bank, F.s.b. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Broadway Federal Bank, F.s.b. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Broadway Federal Bank, F.s.b. a commercial bank?

Yes

Where are Broadway Federal Bank, F.s.b. locations?

See branch locations nearby.

Is Broadway Federal Bank, F.s.b. open on Saturdays?

Is Broadway Federal Bank, F.s.b. open on Sundays?

What time does Broadway Federal Bank, F.s.b. open?

What time does Broadway Federal Bank, F.s.b. close?

Are Broadway Federal Bank, F.s.b. ATMs Open 24/7?

Do Broadway Federal Bank, F.s.b. ATMs accept cash deposits?

Can Broadway Federal Bank, F.s.b. customers use other ATMs?

Do Broadway Federal Bank, F.s.b. branches have notaries?

Will Broadway Federal Bank, F.s.b. notarize my document?

What address for Broadway Federal Bank, F.s.b. should I put for incoming ACH transfers?

Will the Broadway Federal Bank, F.s.b. branch print checks?

Do Broadway Federal Bank, F.s.b. checks expire?

Does Broadway Federal Bank, F.s.b. require US citizenship to open account?

Can Broadway Federal Bank, F.s.b. close my account?

Does Broadway Federal Bank, F.s.b. Report to credit bureaus?

Does Broadway Federal Bank, F.s.b. Use Equifax?

What is Broadway Federal Bank, F.s.b.'s ACH Routing Number?

What is Broadway Federal Bank, F.s.b.'s SWIFT code?

Products

Does Broadway Federal Bank, F.s.b. offer mortgages?

Compare mortgage rates here.

Does Broadway Federal Bank, F.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Broadway Federal Bank, F.s.b. offer personal loans?

Compare personal loan rates here.

Does Broadway Federal Bank, F.s.b. offer student loans?

Will Broadway Federal Bank, F.s.b. cash a check?

Will Broadway Federal Bank, F.s.b. redeem a savings bond?

Does Broadway Federal Bank, F.s.b. cash savings bonds?

Will Broadway Federal Bank, F.s.b. cash money orders?

Can Broadway Federal Bank, F.s.b. issue a money order?

Does Broadway Federal Bank, F.s.b. do currency exchange?

Background on The Bank

Who owns Broadway Federal Bank, F.s.b.?

How long has Broadway Federal Bank, F.s.b. been around?

Can Broadway Federal Bank, F.s.b. transfer to other banks?

Does Broadway Federal Bank, F.s.b. have quick pay?

Does Broadway Federal Bank, F.s.b. accept rolled coins?

Will Broadway Federal Bank, F.s.b. accept loose change?

Where is Broadway Federal Bank, F.s.b. headquarters?

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