Broadway Financial Corporation is a savings and loan holding company. The Company is primarily engaged in the savings and loan business through its wholly owned subsidiary, Broadway Federal Bank, f.s.b. (the Bank). The Bank�s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential and commercial real estate located in Southern California. As of December 31, 2011, the Bank operated three retail-banking offices and one loan production office in Southern California.