For the quarter ending 2026-03-31, MGYR has $1,068,398K in assets. $944,242K in debts. $47,643K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash and due from banks | 17,060 | 1,430 | 1,972 | |
| Interest earning deposits with banks | 30,583 | 5,656 | 5,079 | |
| Total cash and cash equivalents | 47,643 | 7,086 | 7,051 | |
| Investment securities - available for sale, at fair value | 31,056 | 21,182 | 21,604 | |
| Investment securities - held to maturity, at amortized cost (fair value of 62,170 and 61,160 at march 31, 2026 and september 30, 2025, respectively) | 68,105 | 67,266 | 69,520 | |
| Federal home loan bank of new york stock, at cost | 3,376 | 3,399 | 2,826 | |
| Total loans receivable | - | 858,899 | - | |
| Net deferred loan costs | - | 1,546 | - | |
| Loans receivable | 878,219 | 857,353 | 843,991 | |
| Allowance for credit losses-loans | 8,599 | 8,350 | 8,059 | |
| Bank owned life insurance | 19,373 | 19,037 | 20,598 | |
| Accrued interest receivable | 5,878 | 5,798 | 5,374 | |
| Premises and equipment, net | 12,091 | 12,182 | 12,356 | |
| Other real estate owned (oreo) | - | 2,167 | 2,167 | |
| Other assets | 11,256 | 10,540 | 10,060 | |
| Total assets | 1,068,398 | 997,660 | 987,488 | |
| Deposits | 878,438 | 814,307 | 819,962 | |
| Escrowed funds | 4,737 | 4,209 | 4,616 | |
| Borrowings | 49,054 | 49,054 | 36,054 | |
| Accrued interest payable | 1,183 | 969 | 748 | |
| Accounts payable and other liabilities | 10,830 | 10,279 | 9,785 | |
| Total liabilities | 944,242 | 878,818 | 871,165 | |
| Common stock .01 par value, 14,000,000 shares authorized 7,097,825 shares issued 6,469,103 and 6,480,028 shares outstanding at march 31, 2026 and september 30, 2025, respectively, at cost | 71 | 71 | 71 | |
| Additional paid-in capital | 63,785 | 63,421 | 63,607 | |
| Preferred stock .01 par value, 500,000 shares authorized at june 30, 2025 and september 30, 2024, none issued | - | - | 0 | |
| Treasury stock 628,722 and 617,797 shares at march 31, 2026 and september 30, 2025, respectively, at cost | 8,031 | 7,840 | 8,209 | |
| Unearned employee stock ownership plan shares | 2,815 | 2,868 | 2,894 | |
| Retained earnings | 71,617 | 66,581 | 64,558 | |
| Accumulated other comprehensive loss | -471 | -523 | -810 | |
| Total stockholders' equity | 124,156 | 118,842 | 116,323 | |
| Total liabilities and stockholders' equity | 1,068,398 | 997,660 | 987,488 | |
Magyar Bancorp, Inc. (MGYR)
Magyar Bancorp, Inc. (MGYR)