Sat, Aug 2, 2014, 6:15 AM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Broadway Financial Corporation Message Board

  • dkjenken dkjenken Mar 22, 2013 8:10 AM Flag

    10-K pending

    Chief Executive Officer, Wayne-Kent Bradshaw, stated, “These sales represent a substantial reduction in our non-performing loans, which will significantly reduce the time and resources that we devote to managing and monitoring non-performing loans. Furthermore, the sales will allow us to re-focus our efforts on improving operations, pursuing growth as permitted under our Cease and Desist Orders, and completing our previously announced Recapitalization. In addition, we believe that these sales represent a major step in addressing regulatory requirements for materially reducing our non-performing loans. With the sales completed, our non-performing loans have been reduced to approximately $23 million, or 6.4% of total estimated assets, after adjusting for the sales, as of December 31, 2012.”

    Additional information regarding the loan sales will be made available in the Company’s Form 10-K for 2012, which the Company expects to file in late March.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
BYFC
2.00-0.04(-1.96%)Aug 1 2:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Icahn Enterprises, L.P.
NasdaqGSFri, Aug 1, 2014 3:59 PM EDT
Marriott International, Inc.
NasdaqGSFri, Aug 1, 2014 4:00 PM EDT