Stockholders' equity was $19.7 million, or 5% of the Company’s total assets, at June 30, 2012. At June 30, 2012, the Bank’s Total Risk-Based Capital ratio was 13.34%, its Tier 1 Risk-Based Capital ratio was 12.02%, and its Core Capital and Tangible Capital ratios were 8.57%.As previously announced, the Company is currently implementing a Recapitalization Plan to increase capital and reduce debt and senior securities, including a sale of additional common stock and exchanges of preferred stock for common stock at a discount to the preferred stock’s liquidation preference amount, to further strengthen the Company’s capital ratios and position the Bank for future growth.
Broadway Financial Corporation Reports Net Earnings For Second Quarter 2012
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