Broadway Financial Corporation serves as the holding company for Broadway Federal Savings and Loan Association (the Bank). The Bank 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 Federals principal business consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations and borrowings, primarily in multi-family and single-family residential mortgage loans. To a lesser extent, it invests in non-residential real estate loans, secured primarily by church properties and commercial properties, and also invests in certain other types of loans. In addition, it invests in securities issued by the federal government and agencies, mortgage-backed securities, mortgage-related mutual funds and other investments.