$MGYR
Magyar Bancorp, Inc. Stock $mgyr

$mgyr Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-Q Financial Statement

#000117494716002074 Filed on February 12, 2016

Income Statement

Concept	2015 Q4	2015 Q3	2014 Q4
Revenue	$5.002M		$4.812M
YoY Change	3.95%		-3.24%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$187.0K	$180.0K	$224.0K
YoY Change	-16.52%	-18.18%	-4.27%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$892.0K		$821.0K
YoY Change	8.65%		-11.24%
% of Operating Profit
Other Income/Expense, Net			$3.877M
YoY Change			-0.21%
Pretax Income	$502.0K	$490.0K	$256.0K
YoY Change	96.09%	81.48%	47.13%
Income Tax	$193.0K	$170.0K	$74.00K
% Of Pretax Income	38.45%	34.69%	28.91%
Net Earnings	$309.0K	$320.0K	$182.0K
YoY Change	69.78%	68.42%	36.84%
Net Earnings / Revenue	6.18%		3.78%
Basic Earnings Per Share	$0.05		$0.03
Diluted Earnings Per Share	$0.05	$54.98K	$0.03
COMMON SHARES
Basic Shares Outstanding	5.820K shares		5.817K shares
Diluted Shares Outstanding	5.820K shares		5.818K shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents		$18.11M	$7.864M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$17.69M	$17.82M	$18.42M
YoY Change	-3.97%	-4.1%	-11.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$571.5M	$550.6M	$524.5M
YoY Change	8.95%	3.8%	-2.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.500M	$4.700M	$3.600M
YoY Change	25.0%	6.82%	-5.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt			$0.00
YoY Change			-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.500M	$4.700M	$3.600M
YoY Change	25.0%	6.82%	-5.26%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.500M	$4.700M	$3.600M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$524.6M	$503.9M	$478.4M
YoY Change	9.67%	4.0%	-2.59%
SHAREHOLDERS EQUITY
Retained Earnings	$23.56M	$23.25M	$22.56M
YoY Change	4.42%	3.89%
Common Stock	$26.33M	$26.33M	$26.36M
YoY Change	-0.08%	-0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.166M	$1.166M	$1.211M
YoY Change	-3.72%	-3.72%
Treasury Stock Shares	104.2K shares	104.2K shares	108.3K shares
Shareholders Equity	$46.90M	$46.70M	$46.20M
YoY Change
Total Liabilities & Shareholders Equity	$571.5M	$550.6M	$524.5M
YoY Change	8.95%	3.8%	-2.25%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2014 Q4
OPERATING ACTIVITIES
Net Income	$309.0K	$320.0K	$182.0K
YoY Change	69.78%	68.42%	36.84%
Depreciation, Depletion And Amortization	$187.0K	$180.0K	$224.0K
YoY Change	-16.52%	-18.18%	-4.27%
Cash From Operating Activities	$2.780M	$4.980M	$3.437M
YoY Change	-19.12%	86.52%	-446.47%
INVESTING ACTIVITIES
Capital Expenditures	$54.00K	$0.00	$61.00K
YoY Change	-11.48%	-100.0%	577.78%
Acquisitions
YoY Change
Other Investing Activities	-$4.380M	-$5.930M	-$420.0K
YoY Change	942.86%	-314.86%	-95.32%
Cash From Investing Activities	-$4.430M	-$5.940M	-$477.0K
YoY Change	828.72%	-319.19%	-94.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net			$3.500M
YoY Change			-12.5%
Cash From Financing Activities	20.96M	9.580M	-$5.354M
YoY Change	-491.48%	-380.12%	-702.25%
NET CHANGE
Cash From Operating Activities	2.780M	4.980M	$3.437M
Cash From Investing Activities	-4.430M	-5.940M	-$477.0K
Cash From Financing Activities	20.96M	9.580M	-$5.354M
Net Change In Cash	19.31M	8.620M	-$2.394M
YoY Change	-906.6%	339.8%	-73.66%
FREE CASH FLOW
Cash From Operating Activities	$2.780M	$4.980M	$3.437M
Capital Expenditures	$54.00K	$0.00	$61.00K
Free Cash Flow	$2.726M	$4.980M	$3.376M
YoY Change	-19.25%	83.76%	-437.26%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q3	us-gaap	Cash Cash	1081000	USD
CY2015Q3	us-gaap	Available For Sale Securities AvailableForSaleSecurities	6064000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	53248000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	55036000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	52614000	USD
CY2015Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	3100000	USD
CY2015Q4	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	11035000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	17685000	USD
CY2015Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	17818000	USD
CY2015Q4	us-gaap	Other Real Estate OtherRealEstate	15680000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	4427000	USD
CY2015Q4	us-gaap	Assets Assets	571513000	USD
CY2015Q3	us-gaap	Assets Assets	550565000	USD
CY2015Q3	us-gaap	Deposits Deposits	466269000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	524638000	USD
CY2015Q3	us-gaap	Liabilities Liabilities	503896000	USD
CY2015Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	59000	USD
CY2015Q3	us-gaap	Common Stock Value CommonStockValue	59000	USD
CY2015Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	26275000	USD
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1166000	USD
CY2015Q3	us-gaap	Unearned Esop Shares UnearnedESOPShares	752000	USD
CY2015Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	23252000	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1133000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	46875000	USD
CY2015Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	46669000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	571513000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	54711000	USD
CY2015Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5923742	shares
CY2015Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-134000	USD
CY2015Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1000	USD
CY2015Q3	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	1703000	USD
CY2015Q3	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2015Q4	us-gaap	Advances From Federal Home Loan Banks AdvancesFromFederalHomeLoanBanks	31594000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	57000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax	16000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	23000	USD
CY2014Q4	us-gaap	Profit Loss ProfitLoss	182000	USD
CY2014Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	27000	USD
CY2015Q4	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	171000	USD
CY2014Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4000	USD
CY2015Q4	us-gaap	Depreciation Depreciation	187000	USD
CY2014Q4	us-gaap	Depreciation Depreciation	224000	USD
CY2015Q4	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-46000	USD
CY2014Q4	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-60000	USD
CY2015Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	178000	USD
CY2014Q4	mgyr	Provision For Loss On Other Real Estate Owned ProvisionForLossOnOtherRealEstateOwned	25000	USD
CY2014Q4	mgyr	Proceeds From Sales Of Loans ProceedsFromSalesOfLoans	3399000	USD
CY2014Q4	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	233000	USD
CY2015Q4	us-gaap	Gain On Sale Of Investments GainOnSaleOfInvestments	39000	USD
CY2014Q4	us-gaap	Gain On Sale Of Investments GainOnSaleOfInvestments	30000	USD
CY2015Q4	mgyr	Losses Gains On Sales Of Other Real Estate Owned LossesGainsOnSalesOfOtherRealEstateOwned	-9000	USD
CY2014Q4	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	27000	USD
CY2014Q4	us-gaap	Share Based Compensation ShareBasedCompensation	4000	USD
CY2015Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	174000	USD
CY2014Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	134000	USD
CY2014Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-73000	USD
CY2015Q4	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	73000	USD
CY2014Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-64000	USD
CY2014Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-3000	USD
CY2015Q4	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-256000	USD
CY2014Q4	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-780000	USD
CY2015Q4	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	2780000	USD
CY2014Q4	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	3437000	USD
CY2015Q4	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	8362000	USD
CY2014Q4	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	674000	USD
CY2014Q4	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities		USD
CY2015Q4	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	2065000	USD
CY2014Q4	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	2915000	USD
CY2014Q4	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	1426000	USD
CY2015Q4	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	198000	USD
CY2015Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	54000	USD
CY2015Q4	us-gaap	Payments To Acquire Federal Reserve Stock PaymentsToAcquireFederalReserveStock		USD
CY2014Q4	us-gaap	Payments To Acquire Federal Reserve Stock PaymentsToAcquireFederalReserveStock	102000	USD
CY2015Q4	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	20895000	USD
CY2014Q4	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	-2609000	USD
CY2014Q4	mgyr	Net Decrease Increase In Escrowed Funds NetDecreaseIncreaseInEscrowedFunds	4000	USD
CY2014Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3500000	USD
CY2015Q4	us-gaap	Repayments Of Mandatory Redeemable Capital Securities RepaymentsOfMandatoryRedeemableCapitalSecurities		USD
CY2015Q4	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	20961000	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18108000	USD
CY2014Q4	us-gaap	Interest Paid Net InterestPaidNet	823000	USD
CY2014Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	14000	USD
CY2015Q4	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	148000	USD
CY2014Q4	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	1308000	USD
CY2015Q4	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	6482000	USD
CY2015Q4	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt		USD
CY2014Q4	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	50000	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	14.61
CY2015Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-171000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-111000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	91000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax	12000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-210000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-76000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	61000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	39000	USD
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	4.41
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	4.41
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	14.61
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	188276	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1252	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	188276	shares
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	14.61
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	217863	shares
CY2015Q4	mgyr	Employee Stock Ownership Plan Esop Value In Esop EmployeeStockOwnershipPlanESOPValueInESOP	2300000	USD
CY2015Q4	mgyr	Interest Rate Of Loan With Respect To Employee Stock Ownership Plan InterestRateOfLoanWithRespectToEmployeeStockOwnershipPlan	0.0350	pure
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Debt Structure Direct Loan Description EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><font><font style="font-size: 10pt;">The ESOP trust purchased <font>217,863</font></font><font style="font-size: 10pt;"> shares of common stock in the open market using proceeds of a loan from the Company. The total cost of shares purchased by the ESOP trust was $<font>2.3</font></font><font style="font-size: 10pt;"> million, reflecting an average cost per share of $<font>10.58</font></font><font style="font-size: 10pt;">. The Bank will make cash contributions to the ESOP on an annual basis sufficient to enable the ESOP to make the required loan payments to the Company. The loan bears a variable interest rate that adjusts annually every </font></font><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">January 1</font><sup style="font-family: 'times new roman', times;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">st</font></sup><font><font style="font-size: 10pt;"> to the then published Prime Rate (<font>3.50</font></font><font style="font-size: 10pt;">% at </font></font><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">January 1</font><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">, 2016) with principal and interest payable annually in equal installments over thirty years. The loan is secured by shares of the Company's stock.</font></div>
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue		USD
CY2015	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P1Y4M24D
CY2015Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5819494	shares
CY2015Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	309000	USD
CY2015Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2014Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5817	shares
CY2014Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1	shares
CY2015Q4	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	309000	USD
CY2015Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5820	shares
CY2015Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2014Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2014Q4	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	225000	USD
CY2014Q4	us-gaap	Payments To Acquire Other Real Estate PaymentsToAcquireOtherRealEstate	232000	USD
CY2015Q4	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-4434000	USD
CY2015Q4	mgyr	Net Decrease Increase In Escrowed Funds NetDecreaseIncreaseInEscrowedFunds	66000	USD
CY2014Q4	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-5354000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-60000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	30000	USD
CY2015Q4	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	10241000	USD
CY2015Q4	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	154000	USD
CY2015Q4	mgyr	Available For Sale Securities Residential Mortgage Maturities Amortized Cost AvailableForSaleSecuritiesResidentialMortgageMaturitiesAmortizedCost	10241000	USD
CY2015Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5820	shares
CY2014Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2014Q4	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	182000	USD
CY2015Q4	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	383000	USD
CY2015Q4	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	392000	USD
CY2014Q4	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	23000	USD
CY2015Q4	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	5002000	USD
CY2015Q4	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	73000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities After Ten Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue	3731000	USD
CY2014Q4	us-gaap	Other Operating Income OtherOperatingIncome	23000	USD
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Number Of Allocated Shares EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares	140881	shares
CY2014Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	219000	USD
CY2014Q4	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	233000	USD
CY2014Q4	us-gaap	Noninterest Income NoninterestIncome	562000	USD
CY2014Q4	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2002000	USD
CY2015Q3	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	10962000	USD
CY2015Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	102000	USD
CY2015Q4	mgyr	Schedule Of Impaired Financing Receivable Average Recorded Investment ScheduleOfImpairedFinancingReceivableAverageRecordedInvestment	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif;" width="100%"> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="font-weight: bold;"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap" style="font-weight: bold; text-align: center;"><font style="font-size: 10pt;">Three Months</font></td> <td nowrap="nowrap" style="font-weight: bold;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="font-weight: bold; padding-bottom: 1pt;"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid;"><font style="font-size: 10pt;">Ended December 31, 2015</font></td> <td nowrap="nowrap" style="padding-bottom: 1pt; font-weight: bold;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap" style="text-align: center;"><font style="font-size: 10pt;">(Dollars in thousands)</font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td nowrap="nowrap" style="width: 88%; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">One-to four-family residential</font></td> <td nowrap="nowrap" style="width: 1%; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="width: 1%; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td nowrap="nowrap" style="width: 9%; text-align: right; background-color: #cceeff;"><font style="font-size: 10pt;">2,996</font></td> <td nowrap="nowrap" style="width: 1%; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;">Commercial real estate</font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: right;"><font style="font-size: 10pt;">5,437</font></td> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td nowrap="nowrap" style="text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">Home equity lines of credit</font></td> <td nowrap="nowrap" style="background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: right; background-color: #cceeff;"><font style="font-size: 10pt;">333</font></td> <td nowrap="nowrap" style="text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap" style="text-align: left; padding-bottom: 1pt;"><font style="font-size: 10pt;">Commercial business</font></td> <td nowrap="nowrap" style="padding-bottom: 1pt;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="border-bottom: Black 1pt solid; text-align: left;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="border-bottom: Black 1pt solid; text-align: right;"><font style="font-size: 10pt;">1,861</font></td> <td nowrap="nowrap" style="padding-bottom: 1pt; text-align: left;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2.5pt; padding-left: 12px; background-color: #cceeff;"><font style="font-size: 10pt;">Average investment in impaired loans</font></td> <td nowrap="nowrap" style="padding-bottom: 2.5pt; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td nowrap="nowrap" style="border-bottom-color: black; border-bottom-width: 2.5pt; border-bottom-style: double; text-align: right; background-color: #cceeff;"><font style="font-size: 10pt;">10,627</font></td> <td nowrap="nowrap" style="padding-bottom: 2.5pt; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 13.55pt; text-align: justify;"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif;" width="100%"> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="font-weight: bold;"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap" style="font-weight: bold; text-align: center;"><font style="font-size: 10pt;">Three Months</font></td> <td nowrap="nowrap" style="font-weight: bold;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="font-weight: bold; padding-bottom: 1pt;"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid;"><font style="font-size: 10pt;">Ended December 31, 2014</font></td> <td nowrap="nowrap" style="padding-bottom: 1pt; font-weight: bold;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap" style="text-align: center;"><font style="font-size: 10pt;">(Dollars in thousands)</font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td colspan="2" nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td nowrap="nowrap" style="width: 88%; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">One-to four-family residential</font></td> <td nowrap="nowrap" style="width: 1%; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="width: 1%; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td nowrap="nowrap" style="width: 9%; text-align: right; background-color: #cceeff;"><font style="font-size: 10pt;">8,401</font></td> <td nowrap="nowrap" style="width: 1%; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;">Commercial real estate</font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: right;"><font style="font-size: 10pt;">4,980</font></td> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td nowrap="nowrap" style="text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;">Construction</font></td> <td nowrap="nowrap" style="background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: right; background-color: #cceeff;"><font style="font-size: 10pt;">2,231</font></td> <td nowrap="nowrap" style="text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;">Home equity lines of credit</font></td> <td nowrap="nowrap"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="text-align: right;"><font style="font-size: 10pt;">479</font></td> <td nowrap="nowrap" style="text-align: left;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td nowrap="nowrap" style="text-align: left; padding-bottom: 1pt; background-color: #cceeff;"><font style="font-size: 10pt;">Commercial business</font></td> <td nowrap="nowrap" style="padding-bottom: 1pt; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="border-bottom-color: black; border-bottom-width: 1pt; border-bottom-style: solid; text-align: right; background-color: #cceeff;"><font style="font-size: 10pt;">1,187</font></td> <td nowrap="nowrap" style="padding-bottom: 1pt; text-align: left; background-color: #cceeff;"><font style="font-size: 10pt;"> </font></td> </tr> <tr style="vertical-align: bottom;"> <td nowrap="nowrap" style="text-align: left; padding-bottom: 2.5pt; padding-left: 12px;"><font style="font-size: 10pt;">Average investment in impaired loans</font></td> <td nowrap="nowrap" style="padding-bottom: 2.5pt;"><font style="font-size: 10pt;"> </font></td> <td nowrap="nowrap" style="border-bottom: Black 2.5pt double; text-align: left;"><font style="font-size: 10pt;">$</font></td> <td nowrap="nowrap" style="border-bottom: Black 2.5pt double; text-align: right;"><font style="font-size: 10pt;">17,278</font></td> <td nowrap="nowrap" style="padding-bottom: 2.5pt; text-align: left;"><font style="font-size: 10pt;"> </font></td> </tr> </table> </div>
CY2015Q4	us-gaap	Profit Loss ProfitLoss	309000	USD
CY2015Q4	mgyr	Proceeds From Sales Of Loans ProceedsFromSalesOfLoans	2065000	USD
CY2015Q4	us-gaap	Share Based Compensation ShareBasedCompensation	1000	USD
CY2015Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-56000	USD
CY2014Q4	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue		USD
CY2015Q4	mgyr	Forclosed Loans ForclosedLoans	148000	USD
CY2015Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5923742	shares
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	104248	shares
CY2015Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	550565000	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	4.30
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	188276	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross		shares
CY2014Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	5302	shares
CY2015Q4	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	121000	USD
CY2015Q4	us-gaap	Other Noninterest Expense OtherNoninterestExpense	305000	USD
CY2015Q4	us-gaap	Noninterest Expense NoninterestExpense	4051000	USD
CY2015Q3	us-gaap	Demand Deposit Accounts DemandDepositAccounts	87915000	USD
CY2015Q4	mgyr	Certificates Of Deposit CertificatesOfDeposit	123130000	USD
CY2015Q4	us-gaap	Deposits Deposits	487164000	USD
CY2014Q4	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	87000	USD
CY2015Q4	dei	Amendment Flag AmendmentFlag	false
CY2015Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2015Q4	dei	Entity Registrant Name EntityRegistrantName	Magyar Bancorp, Inc.
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	81000	USD
CY2015Q4	mgyr	Held To Maturity Securities Mortgage Residential Maturities Net Carrying Amount HeldToMaturitySecuritiesMortgageResidentialMaturitiesNetCarryingAmount	45952000	USD
CY2014Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	2939000	USD
CY2015Q4	us-gaap	Payments To Acquire Other Real Estate PaymentsToAcquireOtherRealEstate	48000	USD
CY2015Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt		USD
CY2014Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	5701000	USD
CY2014Q4	us-gaap	Repayments Of Mandatory Redeemable Capital Securities RepaymentsOfMandatoryRedeemableCapitalSecurities	5000000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2394000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	34000	USD
CY2015Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	39000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	18000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	46184000	USD
CY2015Q4	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	12561000	USD
CY2015Q4	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue		USD
CY2015Q4	us-gaap	Mortgage Loans In Process Of Foreclosure Amount MortgageLoansInProcessOfForeclosureAmount	2500000	USD
CY2014Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	182000	USD
CY2015Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2015Q3	mgyr	Mortgage Servicing Rights MortgageServicingRights	132000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Gain HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain	828000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue		USD
CY2015Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis		USD
CY2015Q4	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	45000	USD
CY2015Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	193000	USD
CY2016Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	5819494	shares
CY2015Q4	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	45932000	USD
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	3100000	USD
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	357000	USD
CY2014Q4	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised		shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod		shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	14.61
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod		shares
CY2015Q4	us-gaap	Financing Receivable Recorded Investment Past Due FinancingReceivableRecordedInvestmentPastDue	9053000	USD
CY2015Q4	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	10627000	USD
CY2015Q4	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	2025000	USD
CY2015Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	416458000	USD
CY2015Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	1647000	USD
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	1367000	USD
CY2015Q3	us-gaap	Advances From Federal Home Loan Banks AdvancesFromFederalHomeLoanBanks	31594000	USD
CY2015Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	4374000	USD
CY2015Q3	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	4630000	USD
CY2015Q4	us-gaap	Unearned Esop Shares UnearnedESOPShares	721000	USD
CY2015Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-999000	USD
CY2015Q3	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	2886000	USD
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5819494	shares
CY2015Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	30000	USD
CY2015Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	175000	USD
CY2015Q4	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised		shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod		shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod		shares
CY2015Q4	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures		USD
CY2014Q4	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	-7798000	USD
CY2015Q4	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	6444000	USD
CY2015Q3	us-gaap	Financing Receivable Individually Evaluated For Impairment FinancingReceivableIndividuallyEvaluatedForImpairment	10637000	USD
CY2015Q4	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	213000	USD
CY2014Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	22000	USD
CY2015Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.05
CY2015Q3	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	2025000	USD
CY2015Q3	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	420596000	USD
CY2015Q3	us-gaap	Other Real Estate OtherRealEstate	16192000	USD
CY2015Q3	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	423290000	USD
CY2015Q4	mgyr	Held To Maturity Securities Mortgage Commercial Maturities Net Carrying Amount HeldToMaturitySecuritiesMortgageCommercialMaturitiesNetCarryingAmount	1084000	USD
CY2015Q4	mgyr	Aggregate Unrealized Losses Total AggregateUnrealizedLossesTotal	-988000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount		USD
CY2014Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	3991000	USD
CY2015Q4	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	5545000	USD
CY2015Q4	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	3084000	USD
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Deferred Shares Fair Value EmployeeStockOwnershipPlanESOPDeferredSharesFairValue	770590	USD
CY2015Q4	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	36133000	USD
CY2015Q3	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	17027000	USD
CY2015Q3	us-gaap	Other Liabilities OtherLiabilities	1301000	USD
CY2015Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	139000	USD
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	26275000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	23561000	USD
CY2014Q4	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	78000	USD
CY2015Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	44000	USD
CY2015Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	8000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	8000000	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1252	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod		shares
CY2014Q4	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures		USD
CY2014Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5818	shares
CY2015Q4	us-gaap	Impaired Financing Receivable With Related Allowance Recorded Investment ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment	1735000	USD
CY2015Q4	us-gaap	Impaired Financing Receivable Related Allowance ImpairedFinancingReceivableRelatedAllowance	357000	USD
CY2014Q4	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	353000	USD
CY2014Q4	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	4459000	USD
CY2014Q4	us-gaap	Interest Expense Deposits InterestExpenseDeposits	602000	USD
CY2015Q4	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	178000	USD
CY2014Q4	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	199000	USD
CY2014Q4	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	77000	USD
CY2015Q3	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	8000	USD
CY2015Q4	mgyr	Available For Sale Securities Commercial Mortgage Maturities Amortized Cost AvailableForSaleSecuritiesCommercialMortgageMaturitiesAmortizedCost		USD
CY2015Q4	mgyr	Available For Sale Securities Commercial Mortgage Securities AvailableForSaleSecuritiesCommercialMortgageSecurities		USD
CY2015Q4	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	430000	USD
CY2014Q4	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	3824000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	19307000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7864000	USD
CY2015Q4	us-gaap	Interest Paid Net InterestPaidNet	856000	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	188276	shares
CY2015Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	419345000	USD
CY2015Q3	mgyr	Retirement Deposits RetirementDeposits	21020000	USD
CY2015Q3	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	90196000	USD
CY2015Q4	us-gaap	Demand Deposit Accounts DemandDepositAccounts	89838000	USD
CY2015Q4	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	44783000	USD
CY2015Q4	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34	pure
CY2014Q4	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	11000	USD
CY2015Q3	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	55267000	USD
CY2015Q4	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2015Q4	us-gaap	Interest Expense InterestExpense	892000	USD
CY2014Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	3571000	USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost		USD
CY2015Q4	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	39000	USD
CY2015Q4	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2063000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Gain HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain	509000	USD
CY2015Q4	mgyr	Total Debt Securities TotalDebtSecurities	7628000	USD
CY2015Q3	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	5990000	USD
CY2014Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	420000	USD
CY2015Q4	mgyr	Provision For Loss On Other Real Estate Owned ProvisionForLossOnOtherRealEstateOwned	271000	USD
CY2014Q4	mgyr	Losses Gains On Sales Of Other Real Estate Owned LossesGainsOnSalesOfOtherRealEstateOwned	51000	USD
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	30000	USD
CY2014Q4	us-gaap	Occupancy Net OccupancyNet	703000	USD
CY2014Q4	us-gaap	Professional Fees ProfessionalFees	292000	USD
CY2014Q4	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	180000	USD
CY2015Q4	mgyr	Service Fees ServiceFees	59000	USD
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	14.61
CY2015Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P1Y2M12D
CY2015Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P1Y2M12D
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	188276	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue		USD
CY2014Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1		USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod		shares
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased	10.58
CY2015Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	104248	shares
CY2015Q3	us-gaap	Other Assets OtherAssets	4483000	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2015Q3	us-gaap	Treasury Stock Value TreasuryStockValue	1166000	USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost		USD
CY2015Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	37000	USD
CY2015Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2014Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	61000	USD
CY2014Q4	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-477000	USD
CY2015Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt		USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10258000	USD
CY2015Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4000	USD
CY2014Q4	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities		USD
CY2015Q3	us-gaap	Financing Receivable Recorded Investment Current FinancingReceivableRecordedInvestmentCurrent	416644000	USD
CY2015Q3	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	10637000	USD
CY2015	mgyr	Aggregate Unrealized Losses Total AggregateUnrealizedLossesTotal	-202000	USD
CY2015Q4	mgyr	Mortgage Servicing Rights MortgageServicingRights	124000	USD
CY2015Q4	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	18000	USD
CY2015Q3	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	82000	USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue		USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost		USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue		USD
CY2015Q3	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	103593000	USD
CY2015Q3	mgyr	Certificates Of Deposit CertificatesOfDeposit	122088000	USD
CY2015Q4	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	92502000	USD
CY2015Q4	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	116182000	USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost		USD
CY2014Q4	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	17278000	USD
CY2015Q4	us-gaap	Financing Receivable Recorded Investment Current FinancingReceivableRecordedInvestmentCurrent	410292000	USD
CY2015Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	6637000	USD
CY2015Q3	us-gaap	Financing Receivable Recorded Investment Past Due FinancingReceivableRecordedInvestmentPastDue	6646000	USD
CY2015Q3	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	5897000	USD
CY2015Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	2886000	USD
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	45000	USD
CY2015Q3	us-gaap	Impaired Financing Receivable With No Related Allowance Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment	8947000	USD
CY2015Q3	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	11967000	USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue		USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue		USD
CY2015Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities		USD
CY2015Q4	mgyr	Available For Sale Securities Residential Mortgage Securities AvailableForSaleSecuritiesResidentialMortgageSecurities	10105000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	834000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	194000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities Within One Year Fair Value HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue		USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount		USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount	4000000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	3897000	USD
CY2015Q4	us-gaap	Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount	4000000	USD
CY2015Q4	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	8000000	USD
CY2015Q4	mgyr	Held To Maturity Securities Mortgage Residential Maturities Fair Value HeldToMaturitySecuritiesMortgageResidentialMaturitiesFairValue	46003000	USD
CY2015Q4	mgyr	Held To Maturity Securities Mortgage Commercial Maturities Fair Value HeldToMaturitySecuritiesMortgageCommercialMaturitiesFairValue	1080000	USD
CY2015Q4	mgyr	Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2 AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2	674000	USD
CY2015Q4	mgyr	Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2 AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2	314000	USD
CY2015Q3	mgyr	Available For Sale And Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleAndHeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	14
CY2015Q3	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	5523000	USD
CY2015Q3	mgyr	Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2 AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2	36000	USD
CY2015Q3	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	13140000	USD
CY2015Q3	mgyr	Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2 AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2	166000	USD
CY2015Q3	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	18663000	USD
CY2015Q4	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	171000	USD
CY2015Q4	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	32586000	USD
CY2015Q4	mgyr	Available For Sale And Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleAndHeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	31
CY2015Q4	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	45147000	USD
CY2015Q3	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	192000	USD
CY2015Q4	us-gaap	Impaired Financing Receivable With No Related Allowance Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment	8878000	USD
CY2015Q4	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	10613000	USD
CY2015Q4	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	11886000	USD
CY2015Q3	us-gaap	Impaired Financing Receivable With Related Allowance Recorded Investment ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment	1690000	USD
CY2015Q3	us-gaap	Impaired Financing Receivable Related Allowance ImpairedFinancingReceivableRelatedAllowance	201000	USD
CY2014Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	2835000	USD
CY2014Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	37000	USD
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	2743000	USD
CY2015Q4	us-gaap	Financing Receivable Individually Evaluated For Impairment FinancingReceivableIndividuallyEvaluatedForImpairment	10613000	USD
CY2015Q4	us-gaap	Financing Receivable Collectively Evaluated For Impairment FinancingReceivableCollectivelyEvaluatedForImpairment	408732000	USD
CY2015Q3	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	201000	USD
CY2015Q3	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	2685000	USD
CY2015Q3	us-gaap	Financing Receivable Collectively Evaluated For Impairment FinancingReceivableCollectivelyEvaluatedForImpairment	412653000	USD
CY2015Q3	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	41457000	USD
CY2015Q4	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-23000	USD
CY2015Q4	mgyr	Retirement Deposits RetirementDeposits	20729000	USD
CY2014Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	74000	USD
CY2014Q4	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-24000	USD
CY2015Q4	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	58535000	USD
CY2015Q4	dei	Entity Central Index Key EntityCentralIndexKey	0001337068
CY2015Q4	dei	Document Type DocumentType	10-Q
CY2015Q4	dei	Document Period End Date DocumentPeriodEndDate	2015-12-31
CY2015Q4	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2015Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2015Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2015Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	221000	USD
CY2015Q4	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	4586000	USD
CY2014Q4	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	330000	USD
CY2015Q4	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	24000	USD
CY2014Q4	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	4812000	USD
CY2015Q4	us-gaap	Interest Expense Deposits InterestExpenseDeposits	701000	USD
CY2015Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	191000	USD
CY2014Q4	us-gaap	Interest Expense InterestExpense	821000	USD
CY2015Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	4110000	USD
CY2014Q4	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	420000	USD
CY2015Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	3932000	USD
CY2015Q4	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	308000	USD
CY2015Q4	us-gaap	Other Operating Income OtherOperatingIncome	30000	USD
CY2015Q4	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	171000	USD
CY2014Q4	us-gaap	Gain Loss On Sale Of Securities Net GainLossOnSaleOfSecuritiesNet	30000	USD
CY2015Q4	us-gaap	Noninterest Income NoninterestIncome	621000	USD
CY2015Q4	us-gaap	Occupancy Net OccupancyNet	638000	USD
CY2015Q4	us-gaap	Professional Fees ProfessionalFees	236000	USD
CY2014Q4	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	146000	USD
CY2014Q4	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	111000	USD
CY2015Q4	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	188000	USD
CY2014Q4	mgyr	Service Fees ServiceFees	78000	USD
CY2015Q4	us-gaap	General Insurance Expense GeneralInsuranceExpense	58000	USD
CY2014Q4	us-gaap	General Insurance Expense GeneralInsuranceExpense	57000	USD
CY2014Q4	us-gaap	Other Noninterest Expense OtherNoninterestExpense	308000	USD
CY2014Q4	us-gaap	Noninterest Expense NoninterestExpense	3877000	USD
CY2015Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	502000	USD
CY2014Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	256000	USD
CY2014Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.03
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	188276	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross		shares
CY2015Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod		shares
CY2015Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue		USD
CY2015Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1		USD
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	4.30
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
CY2015Q4	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	0	USD
CY2015Q4	us-gaap	Restricted Stock Expense RestrictedStockExpense	1344	USD
CY2015Q4	us-gaap	Employee Stock Ownership Plan Esop Number Of Suspense Shares EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares	76982	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2014Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	14.61
CY2014Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P2Y2M12D
CY2014Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P2Y2M12D
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	5302	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod		shares

Files In Submission

Name	View Source	Status
0001174947-16-002074-index-headers.html	Edgar Link	pending
0001174947-16-002074-index.html	Edgar Link	pending
0001174947-16-002074.txt	Edgar Link	pending
0001174947-16-002074-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
form10q-15161_mgyr.htm	Edgar Link	pending
mgyr-20151231.xml	Edgar Link	completed
mgyr-20151231.xsd	Edgar Link	pending
mgyr-20151231_cal.xml	Edgar Link	unprocessable
mgyr-20151231_def.xml	Edgar Link	unprocessable
mgyr-20151231_lab.xml	Edgar Link	unprocessable
mgyr-20151231_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MGYR
Magyar Bancorp, Inc. Stock $mgyr

2015 Q4 Form 10-Q Financial Statement

#000117494716002074 Filed on February 12, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR Magyar Bancorp, Inc. Stock $mgyr

2015 Q4 Form 10-Q Financial Statement

#000117494716002074 Filed on February 12, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR
Magyar Bancorp, Inc. Stock $mgyr