2021 Q4 Form 10-K Financial Statement

#000117494721001150 Filed on December 20, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $7.009M $28.53M
YoY Change 0.11% 5.95%
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 $209.0K $220.0K $835.0K
YoY Change 0.97% -43.59% -2.22%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $570.0K $2.941M
YoY Change -40.38% -46.65%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.367M $2.320M $8.725M
YoY Change 24.19% 98.29% 180.46%
Income Tax $674.0K $710.0K $2.605M
% Of Pretax Income 28.47% 30.6% 29.86%
Net Earnings $1.693M $1.610M $6.120M
YoY Change 26.63% 96.34% 179.45%
Net Earnings / Revenue 24.15% 21.45%
Basic Earnings Per Share $0.25 $1.01
Diluted Earnings Per Share $248.9K $239.6K $1.013M
COMMON SHARES
Basic Shares Outstanding 7.098M shares 7.098M shares 6.037M shares
Diluted Shares Outstanding 6.792M shares 6.037M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.20M
YoY Change 10.87%
Cash & Equivalents $82.27M $75.20M
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 $17.90M $14.33M $18.20M
YoY Change 22.6% -2.81% 23.81%
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 $780.7M $774.0M $774.0M
YoY Change 5.24% 2.65% 2.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.800M $5.700M $5.700M
YoY Change -32.56% -36.67% -36.67%
Accrued Expenses $4.100M $4.300M $4.300M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.900M $10.00M $10.00M
YoY Change 15.12% 11.11% 11.11%
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 $9.900M $10.00M $10.00M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $682.2M $676.3M $676.3M
YoY Change -0.2% -2.98% -2.98%
SHAREHOLDERS EQUITY
Retained Earnings $39.28M
YoY Change 18.46%
Common Stock $63.78M
YoY Change 142.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.242M
YoY Change 0.0%
Treasury Stock Shares 113.0K shares 113.0K shares
Shareholders Equity $98.40M $97.60M $97.60M
YoY Change
Total Liabilities & Shareholders Equity $780.7M $774.0M $774.0M
YoY Change 5.24% 2.65% 2.65%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $1.693M $1.610M $6.120M
YoY Change 26.63% 96.34% 179.45%
Depreciation, Depletion And Amortization $209.0K $220.0K $835.0K
YoY Change 0.97% -43.59% -2.22%
Cash From Operating Activities $2.336M $4.020M $9.259M
YoY Change 42.18% 211.63% 1037.47%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$50.00K $420.0K
YoY Change 14.29% -66.67% 185.71%
Acquisitions
YoY Change
Other Investing Activities -$170.0K $12.14M -$7.780M
YoY Change -108.76% 228.11% -90.25%
Cash From Investing Activities -$250.0K $12.09M -$8.197M
YoY Change -113.33% 240.56% -89.75%
FINANCING ACTIVITIES
Cash Dividend Paid $814.0K
YoY Change
Common Stock Issuance & Retirement, Net $37.43M
YoY Change
Debt Paid & Issued, Net $2.000M $44.05M
YoY Change -72.03% 327.96%
Cash From Financing Activities $4.984M -70.10M $12.41M
YoY Change -137.83% 1271.82% -89.6%
NET CHANGE
Cash From Operating Activities $2.336M 4.020M $9.259M
Cash From Investing Activities -$250.0K 12.09M -$8.197M
Cash From Financing Activities $4.984M -70.10M $12.41M
Net Change In Cash $7.070M -53.99M $13.48M
YoY Change -173.22% 19896.3% -66.53%
FREE CASH FLOW
Cash From Operating Activities $2.336M $4.020M $9.259M
Capital Expenditures -$80.00K -$50.00K $420.0K
Free Cash Flow $2.416M $4.070M $8.839M
YoY Change 41.04% 182.64% 1225.19%

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97641000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
6120000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
2190000 USD
CY2021 us-gaap Depreciation
Depreciation
835000 USD
CY2020 us-gaap Depreciation
Depreciation
854000 USD
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-167000 USD
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-107000 USD
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1629000 USD
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1666000 USD
CY2021 mgyr Provision For Loss On Other Real Estate Owned
ProvisionForLossOnOtherRealEstateOwned
337000 USD
CY2020 mgyr Provision For Loss On Other Real Estate Owned
ProvisionForLossOnOtherRealEstateOwned
371000 USD
CY2021 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
6386000 USD
CY2020 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
3623000 USD
CY2021 mgyr Proceeds From Sales Of Loans Held For Sale
ProceedsFromSalesOfLoansHeldForSale
7135000 USD
CY2020 mgyr Proceeds From Sales Of Loans Held For Sale
ProceedsFromSalesOfLoansHeldForSale
3941000 USD
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
749000 USD
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
317000 USD
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
USD
CY2020 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
68000 USD
CY2021 mgyr Losses Gains On Sales Of Other Real Estate Owned
LossesGainsOnSalesOfOtherRealEstateOwned
223000 USD
CY2020 mgyr Losses Gains On Sales Of Other Real Estate Owned
LossesGainsOnSalesOfOtherRealEstateOwned
43000 USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
USD
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
USD
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1942000 USD
CY2020 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-2005000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-16000 USD
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
107000 USD
CY2020 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
126000 USD
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-178000 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-880000 USD
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-497000 USD
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1897000 USD
CY2021 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
317000 USD
CY2020 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
324000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1551000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-700000 USD
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-106000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9259000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
814000 USD
CY2021 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
17133000 USD
CY2020 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-72887000 USD
CY2021 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
3500000 USD
CY2020 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
13672000 USD
CY2021 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
2000000 USD
CY2020 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
USD
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
38907000 USD
CY2020 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
10226000 USD
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10561000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
9557000 USD
CY2021 mgyr Proceeds From Investment Securities Available For Sale
ProceedsFromInvestmentSecuritiesAvailableForSale
USD
CY2020 mgyr Proceeds From Investment Securities Available For Sale
ProceedsFromInvestmentSecuritiesAvailableForSale
6073000 USD
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2000000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
USD
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5000000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
USD
CY2021 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
9595000 USD
CY2020 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
9206000 USD
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6830000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
5704000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
420000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
147000 USD
CY2021 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
USD
CY2020 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
703000 USD
CY2021 mgyr Investment In Other Real Estate Owned
InvestmentInOtherRealEstateOwned
25000 USD
CY2020 mgyr Investment In Other Real Estate Owned
InvestmentInOtherRealEstateOwned
1000 USD
CY2021 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
2415000 USD
CY2020 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
4606000 USD
CY2021 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-243000 USD
CY2020 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-241000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8197000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79957000 USD
CY2021 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
21484000 USD
CY2020 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
88255000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37426000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2021 us-gaap Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
3272000 USD
CY2020 us-gaap Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
USD
CY2021 mgyr Net Decrease Increase In Escrowed Funds
NetDecreaseIncreaseInEscrowedFunds
829000 USD
CY2020 mgyr Net Decrease Increase In Escrowed Funds
NetDecreaseIncreaseInEscrowedFunds
14000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
41515000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
44054000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10294000 USD
CY2021 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
USD
CY2020 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
90000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12413000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
119400000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
13475000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
40257000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61726000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21469000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
75201000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61726000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
3047000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
5513000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2750000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2275000 USD
CY2021 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
547000 USD
CY2020 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
USD
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
USD
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3835000 USD
CY2021Q3 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
39100000 USD
CY2021Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
3910000 shares
CY2021Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5810746 shares
CY2021Q3 mgyr Exchange Ratio For Calculating New Number Of Shares After Conversion
ExchangeRatioForCalculatingNewNumberOfSharesAfterConversion
1.2213 pure
CY2021Q3 mgyr Subsidiaries Ownership Percentage In Hungaria Urban Renewal Llc
SubsidiariesOwnershipPercentageInHungariaUrbanRenewalLlc
1 pure
CY2021Q3 us-gaap Federal Home Loan Bank Advances Par Value
FederalHomeLoanBankAdvancesParValue
100000 USD
CY2021 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:8pt; margin-bottom:0pt; "> 7. <span style="text-decoration:underline #000000; ">Revenue Recognition</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; text-indent:36pt !important; padding-left:8pt !important; margin-bottom:0pt; ">The Company recognizes revenue in the consolidated statements of income as it is earned and when collectability is reasonably assured. The primary source of revenue is interest income from interest earning assets, which is recognized on the accrual basis of accounting using the effective interest method. The recognition of revenues from interest earning assets is based upon formulas from underlying loan agreements, securities contracts, or other similar contracts. Non-interest income is recognized on the accrual basis of accounting as services are provided or as transactions occur. Non-interest income includes earnings on bank-owned life insurance, deposit accounts, merchant services, ATM and debit card fees, mortgage banking activities, commercial loan prepayment penalties and other miscellaneous services and transactions.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; text-indent:36pt !important; padding-left:8pt !important; margin-bottom:0pt; ">The Company’s contracts with customers in the scope of ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” are contracts for deposit accounts and contracts for non-deposit investment accounts through a third party service provider. Both types of contracts result in non-interest income being recognized. The revenue resulting from deposit accounts, which includes fees such as insufficient funds fees, wire transfer fees and out-of-network ATM transaction fees, is included as a component of service charges on the consolidated statements of income. The revenue resulting from non-deposit investment accounts is included as a component of other operating income on the consolidated statements of income.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; text-indent:36pt !important; padding-left:8pt !important; margin-bottom:0pt; ">Revenue from contracts with customers included in service charges was $1.1 million and $901,000 for the years ended September 30, 2021 and 2020, respectively. Revenue from contracts with customers included in other operating income was $110,000 and $106,000 for the years ended September 30, 2021 and 2020, respectively.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; text-indent:36pt !important; padding-left:8pt !important; margin-bottom:0pt; ">For our contracts with customers, we satisfy our performance obligations each day as services are rendered. For our deposit account revenue, we receive payment on a daily basis as services are rendered and for our non-deposit investment account revenue, we receive payment on a monthly basis from our third party service provider as services are rendered.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; text-indent:36pt !important; padding-left:8pt !important; margin-bottom:0pt; ">During the year ended September 30, 2021, the Bank was awarded a contract to assist a local county with services related to a Small Business Relief Grant (“SBRG”) program from which the Bank recognized $777,000 as fees for other customer services. These services included the review of the applications, review of the required supporting documentation, including financial statements and tax returns, and the determination of whether or not the applicant qualified for the SBRG using the County’s eligibility criteria. The Bank applied the five-step approach outlined ASC Topic 606 to determine that there was a qualifying contract with specific services provided by the Bank for a fixed fee that was received and recognized for the completion of a specific performance obligation. </p>
CY2021 mgyr Revenue From Contracts With Customers Included In Service Charges
RevenueFromContractsWithCustomersIncludedInServiceCharges
1100000 USD
CY2020 mgyr Revenue From Contracts With Customers Included In Service Charges
RevenueFromContractsWithCustomersIncludedInServiceCharges
901000 USD
CY2021 mgyr Revenue From Contracts With Customers Included In Other Operating Income
RevenueFromContractsWithCustomersIncludedInOtherOperatingIncome
110000 USD
CY2020 mgyr Revenue From Contracts With Customers Included In Other Operating Income
RevenueFromContractsWithCustomersIncludedInOtherOperatingIncome
106000 USD
CY2021 mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
293000 USD
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
79000 USD
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-214000 USD
CY2020 mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
-127000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
6120000 USD
CY2021 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6037499 shares
CY2021 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.01
CY2020 us-gaap Profit Loss
ProfitLoss
2190000 USD
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7104889 shares
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.31
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-38000 USD
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
89000 USD
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
USD
CY2021 mgyr Other Comprehensive Income Loss Reclassification Adjustment From Available For Sale
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAvailableForSale
USD
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
68000 USD
CY2020 mgyr Other Comprehensive Income Loss Reclassification Adjustment From Available For Sale
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAvailableForSale
19000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-49000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
893000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
269000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
624000 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-150000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-83000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-67000 USD
CY2021 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
600000 USD
CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
190000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
410000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-91000 USD
CY2020 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-64000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-27000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-131000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
83000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
816000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1440000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-947000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1357000 USD
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 USD
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 USD
CY2020 us-gaap Restricted Stock Expense
RestrictedStockExpense
0 USD
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
0 USD
CY2021 us-gaap Employee Stock Ownership Plan Esop Debt Structure Direct Loan Description
EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription
The Company’s ESOP (“2006 ESOP”) was established in 2006 as part of the Company’s initial public offering. The total cost of shares purchased by the 2006 ESOP trust was $2.3 million, reflecting an average cost per share of $10.58. The loan bore a variable interest rate that adjusted annually to Prime Rate (3.25% at January 1, 2021) with principal and interest payable annually in equal installments over thirty years. The 2006 ESOP loan was fully repaid during the year ended September 30, 2021.
CY2021 mgyr Employee Stock Ownership Plan Esop Value In Esop
EmployeeStockOwnershipPlanESOPValueInESOP
2300000 USD
CY2021 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
10.58
CY2021Q3 mgyr Interest Rate Of Loan With Respect To Employee Stock Ownership Plan
InterestRateOfLoanWithRespectToEmployeeStockOwnershipPlan
0.0325 pure
CY2021 mgyr Percentage Of Common Shares Sold
PercentageOfCommonSharesSold
0.08 pure
CY2021Q3 mgyr Number Of Esop Shares Intended To Be Purchased By Trustees In Connection With Second Step Conversion Offerring
NumberOfEsopSharesIntendedToBePurchasedByTrusteesInConnectionWithSecondStepConversionOfferring
312800 shares
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
304377 shares
CY2021Q3 mgyr Employee Stock Ownership Plan Esop Value In Esop
EmployeeStockOwnershipPlanESOPValueInESOP
3200000 USD
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
10.75
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
107000 USD
CY2020 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
126000 USD
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
14757 shares
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
14757 shares
CY2021Q3 mgyr Shares Purchased By Esop Trustee During Year
SharesPurchasedByEsopTrusteeDuringYear
304377 shares
CY2021Q3 mgyr Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares1
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares1
304377 shares
CY2021Q3 mgyr Employee Stock Ownership Plan Released Shares
EmployeeStockOwnershipPlanReleasedShares
217863 shares
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
522240 shares
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Fair Value Of Shares Subject To Repurchase Obligation
EmployeeStockOwnershipPlanESOPFairValueOfSharesSubjectToRepurchaseObligation
3500000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
208000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13101000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
34000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12927000 USD
CY2021Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
57660000 USD
CY2021Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
422000 USD
CY2021Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
800000 USD
CY2021Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
57282000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
14442000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
125000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
14561000 USD
CY2020Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
30443000 USD
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
709000 USD
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
253000 USD
CY2020Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
30899000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
USD
CY2021Q3 mgyr Available For Sale Securities Residential Mortgage Maturities Amortized Cost
AvailableForSaleSecuritiesResidentialMortgageMaturitiesAmortizedCost
13101000 USD
CY2021Q3 mgyr Available For Sale Securities Residential Mortgage Securities
AvailableForSaleSecuritiesResidentialMortgageSecurities
12927000 USD
CY2021Q3 mgyr Available For Sale Securities Commercial Mortgage Maturities Amortized Cost
AvailableForSaleSecuritiesCommercialMortgageMaturitiesAmortizedCost
USD
CY2021Q3 mgyr Available For Sale Securities Commercial Mortgage Securities
AvailableForSaleSecuritiesCommercialMortgageSecurities
USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13101000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12927000 USD
CY2021Q3 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
2300000 USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
9497000 USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
9249000 USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
7532000 USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7405000 USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
516000 USD
CY2021Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
505000 USD
CY2021Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
17545000 USD
CY2021Q3 mgyr Total Debt Securities
TotalDebtSecurities
17159000 USD
CY2021Q3 mgyr Held To Maturity Securities Mortgage Residential Maturities Net Carrying Amount
HeldToMaturitySecuritiesMortgageResidentialMaturitiesNetCarryingAmount
39412000 USD
CY2021Q3 mgyr Held To Maturity Securities Mortgage Residential Maturities Fair Value
HeldToMaturitySecuritiesMortgageResidentialMaturitiesFairValue
39420000 USD
CY2021Q3 mgyr Held To Maturity Securities Mortgage Commercial Maturities Net Carrying Amount
HeldToMaturitySecuritiesMortgageCommercialMaturitiesNetCarryingAmount
703000 USD
CY2021Q3 mgyr Held To Maturity Securities Mortgage Commercial Maturities Fair Value
HeldToMaturitySecuritiesMortgageCommercialMaturitiesFairValue
703000 USD
CY2021Q3 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
57660000 USD
CY2021Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
57282000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
6100000 USD
CY2020Q3 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
USD
CY2021Q3 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
USD
CY2021 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
USD
CY2020 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
68000 USD
CY2020Q3 us-gaap Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
30900000 USD
CY2021Q3 us-gaap Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
22600000 USD
CY2021Q3 mgyr Available For Sale And Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
AvailableForSaleAndHeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
36 pure
CY2021Q3 mgyr Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
46880000 USD
CY2021Q3 mgyr Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
724000 USD
CY2021Q3 mgyr Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
6832000 USD
CY2021Q3 mgyr Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
284000 USD
CY2021Q3 mgyr Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
53712000 USD
CY2021Q3 mgyr Unrealized Gain Loss On Available For Sale And Held To Maturity Securities
UnrealizedGainLossOnAvailableForSaleAndHeldToMaturitySecurities
1008000 USD
CY2020Q3 mgyr Available For Sale And Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
AvailableForSaleAndHeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
9 pure
CY2020Q3 mgyr Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
5592000 USD
CY2020Q3 mgyr Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
24000 USD
CY2020Q3 mgyr Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
4396000 USD
CY2020Q3 mgyr Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
235000 USD
CY2020Q3 mgyr Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
9988000 USD
CY2020Q3 mgyr Unrealized Gain Loss On Available For Sale And Held To Maturity Securities
UnrealizedGainLossOnAvailableForSaleAndHeldToMaturitySecurities
259000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
594617000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
611259000 USD
CY2021Q3 mgyr Deferred Loan Costs Net
DeferredLoanCostsNet
-1241000 USD
CY2020Q3 mgyr Deferred Loan Costs Net
DeferredLoanCostsNet
-1749000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8075000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6400000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
585301000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
603110000 USD
CY2020 us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
400000 USD
CY2021 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
191000 USD
CY2020 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
775000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
39300000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
42700000 USD
CY2020Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
9732000 USD
CY2021Q3 mgyr Mortgage Servicing Rights
MortgageServicingRights
4000 USD
CY2020Q3 mgyr Mortgage Servicing Rights
MortgageServicingRights
12000 USD
CY2021Q3 mgyr Escrow Balance Held For Loans Serviced On Behalf Of Others
EscrowBalanceHeldForLoansServicedOnBehalfOfOthers
33000 USD
CY2020Q3 mgyr Escrow Balance Held For Loans Serviced On Behalf Of Others
EscrowBalanceHeldForLoansServicedOnBehalfOfOthers
61000 USD
CY2020Q3 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
2500000 USD
CY2021 us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
31000 USD
CY2021Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2835000 USD
CY2021Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
224000 USD
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
8233000 USD
CY2021Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
11068000 USD
CY2021Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
11133000 USD
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2905000 USD
CY2020Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
221000 USD
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
11256000 USD
CY2020Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
14161000 USD
CY2020Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
14430000 USD
CY2021 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12200000 USD
CY2020 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11700000 USD
CY2021Q3 mgyr Delinquent Loans
DelinquentLoans
8200000 USD
CY2021Q3 mgyr Troubled Debt Restructurings Loans
TroubledDebtRestructuringsLoans
2900000 USD
CY2021 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
139000 USD
CY2020 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
142000 USD
CY2021Q3 mgyr Troubled Debt Restructurings Loans Defaulted
TroubledDebtRestructuringsLoansDefaulted
USD
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
594617000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
611259000 USD
CY2021Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
586458000 USD
CY2021Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
8159000 USD
CY2021Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8159000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
594617000 USD
CY2020Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
600512000 USD
CY2020Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
10747000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
611259000 USD
CY2021 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
555000 USD
CY2020 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
508000 USD
CY2020Q3 mgyr Interestonly Mortgage Loans
InterestonlyMortgageLoans
USD
CY2021Q3 mgyr Interestonly Mortgage Loans
InterestonlyMortgageLoans
USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6400000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
52000 USD
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
98000 USD
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1629000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8075000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4888000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
269000 USD
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
115000 USD
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1666000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6400000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8075000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
224000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
7851000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
594617000 USD
CY2021Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11068000 USD
CY2021Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
583549000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
611259000 USD
CY2020Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
14161000 USD
CY2020Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
597098000 USD
CY2020Q3 mgyr Large C Ds
LargeCDs
45600000 USD
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6400000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
221000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6179000 USD
CY2021 mgyr Investment After Tdr Modification
InvestmentAfterTdrModification
340000 USD
CY2021 mgyr Number Of Loans
NumberOfLoans
2 pure
CY2021 mgyr Investment Before Tdr Modification
InvestmentBeforeTdrModification
330000 USD
CY2020 mgyr Number Of Loans
NumberOfLoans
1 pure
CY2020 mgyr Investment Before Tdr Modification
InvestmentBeforeTdrModification
252000 USD
CY2020 mgyr Investment After Tdr Modification
InvestmentAfterTdrModification
220000 USD
CY2021 mgyr Number Of Loan Troubled Debt Restructuring
NumberOfLoanTroubledDebtRestructuring
228 pure
CY2021Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
122813000 USD
CY2021Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0465 pure
CY2020 mgyr Number Of Loan Troubled Debt Restructuring
NumberOfLoanTroubledDebtRestructuring
283 pure
CY2020Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
150691000 USD
CY2020Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0467 pure
CY2021Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
192600000 USD
CY2020Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
184100000 USD
CY2021 mgyr Schedule Of Accrued Interest Receivable
ScheduleOfAccruedInterestReceivable
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:44pt; margin-bottom:0pt; "> The following is a summary of accrued interest receivable: </p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> <div> <table cellpadding="0" class="fin" style="border-spacing:0; margin:auto; " width="87.2340425531915%"> <thead> <tr class="odd" style=""> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="6" style="width:24%; border-bottom:0.7pt solid #000000; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; "><span style="font-weight:bold; ">September 30,</span> </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="2" style="width:11%; border-bottom:0.7pt solid #000000; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; "><span style="font-weight:bold; ">2021</span> </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="2" style="width:11%; border-bottom:0.7pt solid #000000; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; "><span style="font-weight:bold; ">2020</span> </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> </tr> <tr class="odd" style=""> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="6" style="width:24%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">(In thousands) </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">  </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="2" style="width:11%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="2" style="width:11%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color:#CCEEFF; "> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">Loans<span style="padding-left:2pt; "/></p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">$ </p> </td> <td style="width:10%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">3,421 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">$ </p> </td> <td style="width:10%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">3,943 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">Investment securities<span style="padding-left:2pt; "/></p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:10%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">43 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:10%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">22 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="odd" style="background-color:#CCEEFF; "> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">Mortgage-backed securities<span style="padding-left:2pt; "/></p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.7pt solid #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.7pt solid #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">69 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; border-bottom:0.7pt solid #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:10%; vertical-align:bottom; border-bottom:0.7pt solid #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">65 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; "> <span style="padding-left:2pt; "/></p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:10%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:10%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="odd" style="background-color:#CCEEFF; "> <td style="width:74%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; text-indent:10pt; margin-bottom:0pt; ">Total accrued interest receivable<span style="padding-left:2pt; "/></p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">$ </p> </td> <td style="width:10%; vertical-align:bottom; border-bottom:3px double #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">3,533 </p> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:1%; vertical-align:bottom; border-bottom:3px double #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">$ </p> </td> <td style="width:10%; vertical-align:bottom; border-bottom:3px double #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">4,030 </p> </td> <td style="width:115%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:12pt; text-align:right; margin-top:0pt; margin-bottom:0pt; "/></td></tr></tbody></table></div>
CY2021Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
3533000 USD
CY2020Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
4030000 USD
CY2021Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
101888000 USD
CY2020Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
110650000 USD
CY2021Q3 mgyr Retirement Deposits
RetirementDeposits
15004000 USD
CY2021Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
81724000 USD
CY2020Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
74923000 USD
CY2021Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
71325000 USD
CY2020Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
65447000 USD
CY2021Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
187898000 USD
CY2020Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
188023000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29051000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28840000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14720000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14094000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14331000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14746000 USD
CY2021 us-gaap Depreciation Nonproduction
DepreciationNonproduction
835000 USD
CY2020 us-gaap Depreciation Nonproduction
DepreciationNonproduction
854000 USD
CY2021Q3 us-gaap Other Real Estate
OtherRealEstate
636000 USD
CY2021 us-gaap Other Real Estate Covered Valuation Adjustments
OtherRealEstateCoveredValuationAdjustments
337000 USD
CY2020 us-gaap Other Real Estate Covered Valuation Adjustments
OtherRealEstateCoveredValuationAdjustments
371000 USD
CY2021Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
181975000 USD
CY2020Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
163562000 USD
CY2020Q3 mgyr Retirement Deposits
RetirementDeposits
15725000 USD
CY2021Q3 us-gaap Deposits
Deposits
639814000 USD
CY2020Q3 us-gaap Deposits
Deposits
618330000 USD
CY2021Q3 mgyr Large Deposits
LargeDeposits
378500000 USD
CY2020Q3 mgyr Large Deposits
LargeDeposits
365600000 USD
CY2021Q3 mgyr Large C Ds
LargeCDs
39400000 USD
CY2021 mgyr Schedule Of Contractual Maturities Of Certificates Of Deposit
ScheduleOfContractualMaturitiesOfCertificatesOfDeposit
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; text-indent:36pt !important; padding-left:8pt !important; margin-bottom:0pt; "> At September 30, 2021, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands): </p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-bottom:0pt; "/> <div> <div style="width:100%; clear:both;"> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; ">74</p> </div><hr style="border-top:2pt solid #000000;"/><div style="page-break-after:always;"/> <p style="font-style:italic; font-size:10pt; margin-top:-3pt;"><a href="#toc">Table of Contents</a></p> </div> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> <div> <table cellpadding="0" style="border-spacing:0; " width="100%"> <tbody> <tr class="odd" style=""> <td style="width:100%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; "><span style="font-weight:bold; ">MAGYAR BANCORP, INC. AND SUBSIDIARY</span></p> </td> </tr> <tr class="even" style=""> <td style="width:100%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">Notes to Consolidated Financial Statements</p> </td> </tr> <tr class="odd" style=""> <td style="width:100%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">September 30, 2021 and 2020</p> </td> </tr> <tr class="even" style=""> <td style="width:100%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> </tr> <tr class="odd" style=""> <td style="width:100%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; "> </p> </td> </tr> </tbody> </table> </div> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> <div> <table cellpadding="0" class="fin" style="border-spacing:0; margin:auto; " width="59.9290780141844%"> <thead> <tr class="odd" style=""> <td style="width:34%; border-bottom:0.7pt solid #000000; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">Year Ending September 30, </p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td colspan="2" style="width:17%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> <td style="width:17%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-bottom:0pt; "/> </td> </tr> </thead> <tbody> <tr class="odd" style="background-color:#CCEEFF; "> <td style="width:34%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">2022<span style="padding-left:2pt; "/></p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:2%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">$ </p> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">72,838 </p> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">2023<span style="padding-left:2pt; "/></p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:2%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">17,130 </p> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="odd" style="background-color:#CCEEFF; "> <td style="width:34%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">2024<span style="padding-left:2pt; "/></p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:2%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">8,096 </p> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">2025<span style="padding-left:2pt; "/></p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:2%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">6,226 </p> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="odd" style="background-color:#CCEEFF; "> <td style="width:34%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">2026 and after<span style="padding-left:2pt; "/></p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:2%; vertical-align:bottom; border-bottom:0.7pt solid #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-bottom:0pt; "/> </td> <td style="width:15%; vertical-align:bottom; border-bottom:0.7pt solid #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">12,602 </p> </td> <td style="width:15%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> </tr> <tr class="even" style=""> <td style="width:34%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; margin-top:0pt; margin-bottom:0pt; ">Total<span style="padding-left:2pt; "/></p> </td> <td style="width:49%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-bottom:0pt; "/> </td> <td style="width:2%; vertical-align:bottom; border-bottom:3px double #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">$ </p> </td> <td style="width:15%; vertical-align:bottom; border-bottom:3px double #000000; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">116,892 </p> </td> <td style="width:167%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:12pt; text-align:right; margin-top:0pt; margin-bottom:0pt; "/></td></tr></tbody></table></div>
CY2021Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
72838000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
17130000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
8096000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
6226000 USD
CY2021Q3 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
12602000 USD
CY2021Q3 us-gaap Time Deposits
TimeDeposits
116892000 USD
CY2021 mgyr Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
7100000 USD
CY2021 mgyr Loans Sold Servicing Released
LoansSoldServicingReleased
0 USD
CY2020 mgyr Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
3900000 USD
CY2020 mgyr Loans Sold Servicing Released
LoansSoldServicingReleased
0 USD
CY2021Q3 mgyr Value Of Loans Sold Still Being Serviced
ValueOfLoansSoldStillBeingServiced
3700000 USD
CY2020Q3 mgyr Value Of Loans Sold Still Being Serviced
ValueOfLoansSoldStillBeingServiced
5200000 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
12000 USD
CY2019Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
26000 USD
CY2021 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
USD
CY2020 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
USD
CY2021 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
8000 USD
CY2020 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
14000 USD
CY2021Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
4000 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
12000 USD
CY2021Q3 mgyr Sba Loans Being Serviced
SbaLoansBeingServiced
24200000 USD
CY2020Q3 mgyr Sba Loans Being Serviced
SbaLoansBeingServiced
22200000 USD
CY2020 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-278000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
18000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-5000 USD
CY2021 mgyr Effective Income Tax Reconciliation Other Net
EffectiveIncomeTaxReconciliationOtherNet
42000 USD
CY2020 mgyr Effective Income Tax Reconciliation Other Net
EffectiveIncomeTaxReconciliationOtherNet
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2605000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
921000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1832000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
653000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
772000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
323000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-55000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2605000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
921000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1832000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
653000 USD
CY2021 mgyr Effective Income Tax Reconciliation State Taxes
EffectiveIncomeTaxReconciliationStateTaxes
772000 USD
CY2020 mgyr Effective Income Tax Reconciliation State Taxes
EffectiveIncomeTaxReconciliationStateTaxes
323000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
68000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
68000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
26000 USD
CY2021 mgyr Allocated Income In Excess In Income Taxes
AllocatedIncomeInExcessInIncomeTaxes
1000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.115 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.115 pure
CY2021Q3 mgyr Defined Benefit Plan Investment Goals Equity
DefinedBenefitPlanInvestmentGoalsEquity
0.65 pure
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2270000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
1799000 USD
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
416000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
731000 USD
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
351000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
620000 USD
CY2021Q3 mgyr Deferred Tax Assets Other Real Estate Owned
DeferredTaxAssetsOtherRealEstateOwned
123000 USD
CY2020Q3 mgyr Deferred Tax Assets Other Real Estate Owned
DeferredTaxAssetsOtherRealEstateOwned
73000 USD
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
101000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
110000 USD
CY2021Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3261000 USD
CY2020Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3333000 USD
CY2021Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
874000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
872000 USD
CY2021Q3 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
USD
CY2020Q3 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
61000 USD
CY2021Q3 mgyr Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefits
183000 USD
CY2020Q3 mgyr Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefits
37000 USD
CY2021Q3 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
1000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
3000 USD
CY2021Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1058000 USD
CY2020Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
973000 USD
CY2021Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2203000 USD
CY2020Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2360000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.090 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.090 pure
CY2021Q3 mgyr Defined Benefit Plan Investment Goals Debt
DefinedBenefitPlanInvestmentGoalsDebt
0.35 pure
CY2021 mgyr Defined Benefit Plan Investment Goals Guidelines
DefinedBenefitPlanInvestmentGoalsGuidelines
Asset rebalancing is performed at least annually, with interim adjustments made when the investment mix varies more than 5% from the target (i.e., a 10% target range)
CY2021Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
4926000 USD
CY2020Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
5227000 USD
CY2020Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
5227000 USD
CY2019Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
4990000 USD
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
140000 USD
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
158000 USD
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
242000 USD
CY2021 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
217000 USD
CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
225000 USD
CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-206000 USD
CY2020 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-181000 USD
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
129000 USD
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
114000 USD
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0275 pure
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0325 pure
CY2021Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0300 pure
CY2020Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0275 pure
CY2021Q3 mgyr Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.025 pure
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
140000 USD
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
158000 USD
CY2021 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
199000 USD
CY2020 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
199000 USD
CY2021Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
4926000 USD
CY2020Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
5227000 USD
CY2020Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3579000 USD
CY2019Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3581000 USD
CY2021 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
661000 USD
CY2020 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
172000 USD
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
830000 USD
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
25000 USD
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
199000 USD
CY2020 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
199000 USD
CY2021Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
4871000 USD
CY2020Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3579000 USD
CY2021Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-55000 USD
CY2020Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1648000 USD
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
USD
CY2020 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
USD
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0600 pure
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0625 pure
CY2021Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1 pure
CY2020Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1 pure
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
234000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
235000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
247000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
246000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
260000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
1276000 USD
CY2021Q3 mgyr Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
2498000 USD
CY2021Q3 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
1167000 USD
CY2020Q3 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
2060000 USD
CY2021Q3 mgyr Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax
351000 USD
CY2020Q3 mgyr Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax
620000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
85000 USD
CY2021Q3 us-gaap Investments
Investments
4871000 USD
CY2020Q3 us-gaap Investments
Investments
3579000 USD
CY2021Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
14288000 USD
CY2020Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
13971000 USD
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
232000 USD
CY2020 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
175000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
738000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
595000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
728000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
738000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
747000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
523000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
455000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1533000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4724000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.022 pure
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.022 pure
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
728000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
705000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
747000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
602000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
523000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
602000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
455000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
378000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1533000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1150000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4724000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4032000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
470000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
401000 USD
CY2021 mgyr Rental Expense
RentalExpense
811000 USD
CY2020 mgyr Rental Expense
RentalExpense
802000 USD
CY2021Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
90413000 USD
CY2020Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
100777000 USD

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