Magyar Bancorp Inc
magbank.q4ir.comWhat Do They Do?
Takes deposits and makes home mortgages, commercial property loans, and business loans for individuals and businesses in New Jersey.
10-K for FY2025, filed Dec 19, 2025Our principal business consists of attracting retail deposits from the general public in the areas surrounding our main office in New…View ↗
Our lending relationships are primarily with small to mid-sized businesses and individual consumers residing primarily in and around…View ↗
One-to Four-Family Residential Loans. We originate residential mortgage loans, most of which are secured by properties located in our…View ↗
Commercial Real Estate Loans. We also originate commercial real estate loans, most of which are secured by properties located in our…View ↗
Commercial Business Loans. We make commercial business loans primarily in our market area to a variety of professionals, sole…View ↗
How Do They Make Money?
Earns most of its income from interest on loans and securities, plus fees for accounts and other services. Account-service fees are paid daily as services are provided; a third-party provider pays fees from non-deposit investment accounts monthly.
10-K for FY2025, filed Dec 19, 2025Our principal business consists of attracting retail deposits from the general public in the areas surrounding our main office in New…View ↗
The Company recognizes revenue in the Consolidated Statements of Income as it is earned and when collectability is reasonably assured. The…View ↗
The Company’s contracts with customers in the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 606…View ↗
For our contracts with customers, we satisfy our performance obligations each day as services are rendered. For our deposit account…View ↗
$54.7M
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10-K for FY2025, filed Dec 19, 2025
$54.7M ↗
Who Are Their Customers?
Individuals and small to midsize businesses around its branches are its main customers; they place retail deposits and borrow from the bank, with lending extending across New Jersey.
10-K for FY2025, filed Dec 19, 2025Our principal business consists of attracting retail deposits from the general public in the areas surrounding our main office in New…View ↗
We are headquartered in New Brunswick, New Jersey, and our primary deposit market area is concentrated in the communities surrounding our…View ↗
Most of our customers are individuals and small to medium-sized businesses which are dependent upon the regional economy. Adverse changes…View ↗
Our lending relationships are primarily with small to mid-sized businesses and individual consumers residing primarily in and around…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 92% in 4 years, from $28.5M in FY2021 to $54.7M in FY2025, about 18% a year.
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