$MGYR
Magyar Bancorp, Inc. Stock $mgyr

$mgyr Overview Financials Valuation SEC Filings Company Website

2021 Q4 Form 10-Q Financial Statement

#000117494722000234 Filed on February 11, 2022

Income Statement

Concept	2021 Q4	2020 Q4	2020 Q3
Revenue	$7.009M	$7.001M
YoY Change	0.11%
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	$207.0K	$390.0K
YoY Change	0.97%	-5.91%	116.67%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$570.0K	$956.0K
YoY Change	-40.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$2.367M	$1.906M	$1.170M
YoY Change	24.19%	141.27%	-0.85%
Income Tax	$674.0K	$569.0K	$350.0K
% Of Pretax Income	28.47%	29.85%	29.91%
Net Earnings	$1.693M	$1.337M	$820.0K
YoY Change	26.63%	141.77%	0.0%
Net Earnings / Revenue	24.15%	19.1%
Basic Earnings Per Share	$0.25
Diluted Earnings Per Share	$248.9K	$230.6K	$141.1K
COMMON SHARES
Basic Shares Outstanding	7.098M shares
Diluted Shares Outstanding	6.792M shares

Balance Sheet

Concept	2021 Q4	2020 Q4	2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments			$67.83M
YoY Change
Cash & Equivalents	$82.27M	$52.07M	$61.73M
Short-Term Investments			$6.100M
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	$14.60M	$14.75M
YoY Change	22.6%	-8.75%	-8.98%
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	$741.8M	$754.0M
YoY Change	5.24%	15.74%	19.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.800M	$8.600M	$9.000M
YoY Change	-32.56%	-5.49%	28.57%
Accrued Expenses	$4.100M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$9.900M	$8.600M	$9.000M
YoY Change	15.12%	-5.49%	28.57%
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	$8.600M	$9.000M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$682.2M	$683.6M	$697.1M
YoY Change	-0.2%	16.72%	21.1%
SHAREHOLDERS EQUITY
Retained Earnings			$33.16M
YoY Change
Common Stock			$26.35M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)			$1.242M
YoY Change
Treasury Stock Shares	113.0K shares		113.0K shares
Shareholders Equity	$98.40M	$58.20M	$56.90M
YoY Change
Total Liabilities & Shareholders Equity	$780.7M	$741.8M	$754.0M
YoY Change	5.24%	15.74%	19.63%

Cashflow Statement

Concept	2021 Q4	2020 Q4	2020 Q3
OPERATING ACTIVITIES
Net Income	$1.693M	$1.337M	$820.0K
YoY Change	26.63%	141.77%	0.0%
Depreciation, Depletion And Amortization	$209.0K	$207.0K	$390.0K
YoY Change	0.97%	-5.91%	116.67%
Cash From Operating Activities	$2.336M	$1.643M	$1.290M
YoY Change	42.18%	-316.18%	-50.38%
INVESTING ACTIVITIES
Capital Expenditures	-$80.00K	-$70.00K	-$150.0K
YoY Change	14.29%	250.0%	-850.0%
Acquisitions
YoY Change
Other Investing Activities	-$170.0K	$1.940M	$3.700M
YoY Change	-108.76%	-120.59%	-75.88%
Cash From Investing Activities	-$250.0K	$1.875M	$3.550M
YoY Change	-113.33%	-119.86%	-76.87%
FINANCING ACTIVITIES
Cash Dividend Paid	$814.0K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$2.000M	$7.150M
YoY Change	-72.03%
Cash From Financing Activities	$4.984M	-$13.17M	-5.110M
YoY Change	-137.83%	-265.71%	15.61%
NET CHANGE
Cash From Operating Activities	$2.336M	$1.643M	1.290M
Cash From Investing Activities	-$250.0K	$1.875M	3.550M
Cash From Financing Activities	$4.984M	-$13.17M	-5.110M
Net Change In Cash	$7.070M	-$9.656M	-270.0K
YoY Change	-173.22%	329.16%	-102.0%
FREE CASH FLOW
Cash From Operating Activities	$2.336M	$1.643M	$1.290M
Capital Expenditures	-$80.00K	-$70.00K	-$150.0K
Free Cash Flow	$2.416M	$1.713M	$1.440M
YoY Change	41.04%	-331.49%	-44.19%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2020Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	640000	USD
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7130000	USD
CY2021Q4	dei	Entity Central Index Key EntityCentralIndexKey	0001337068
CY2021Q4	dei	Amendment Flag AmendmentFlag	false
CY2021Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2021Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2021Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8228000	USD
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	224000	USD
CY2021Q4	dei	Entity File Number EntityFileNumber	000-51726
CY2021Q4	dei	Entity Address Address Line1 EntityAddressAddressLine1	400 Somerset Street
CY2021Q4	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q4	dei	Entity Registrant Name EntityRegistrantName	Magyar Bancorp, Inc.
CY2021Q4	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q4	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-4154978
CY2021Q4	dei	Entity Address City Or Town EntityAddressCityOrTown	New Brunswick
CY2021Q4	dei	Entity Address State Or Province EntityAddressStateOrProvince	NJ
CY2021Q4	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	08901
CY2021Q4	dei	City Area Code CityAreaCode	732
CY2021Q4	dei	Local Phone Number LocalPhoneNumber	342-7600
CY2021Q4	dei	Security12b Title Security12bTitle	Common Stock, $.01 per share
CY2021Q4	dei	Trading Symbol TradingSymbol	MGYR
CY2021Q4	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2021Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q4	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q4	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2021Q4	dei	Entity Small Business EntitySmallBusiness	true
CY2021Q4	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	12181000	USD
CY2021Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	12927000	USD
CY2021Q4	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6721000	USD
CY2020Q4	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6751000	USD
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7097825	shares
CY2021Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2021Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	773990000	USD
CY2021Q4	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	261000	USD
CY2020Q4	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	225000	USD
CY2021Q4	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	7000	USD
CY2020Q4	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt		USD
CY2021Q4	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	20000	USD
CY2020Q4	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	25000	USD
CY2021Q4	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	7009000	USD
CY2020Q4	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	7001000	USD
CY2021Q4	us-gaap	Interest Expense Deposits InterestExpenseDeposits	451000	USD
CY2020Q4	us-gaap	Interest Expense Deposits InterestExpenseDeposits	765000	USD
CY2021Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	119000	USD
CY2020Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	191000	USD
CY2021Q4	us-gaap	Interest Expense InterestExpense	570000	USD
CY2020Q4	us-gaap	Interest Expense InterestExpense	956000	USD
CY2021Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6439000	USD
CY2020Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6045000	USD
CY2021Q4	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	101000	USD
CY2020Q4	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	640000	USD
CY2021Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6338000	USD
CY2020Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	5405000	USD
CY2021Q4	mgyr	Service Charge Income ServiceChargeIncome	257000	USD
CY2020Q4	mgyr	Service Charge Income ServiceChargeIncome	293000	USD
CY2021Q4	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	87000	USD
CY2020Q4	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	78000	USD
CY2021Q4	mgyr	Fees For Other Customer Services FeesForOtherCustomerServices		USD
CY2020Q4	mgyr	Fees For Other Customer Services FeesForOtherCustomerServices	464000	USD
CY2021Q4	mgyr	Interest Rate Swap Fees InterestRateSwapFees		USD
CY2020Q4	mgyr	Interest Rate Swap Fees InterestRateSwapFees	102000	USD
CY2021Q4	us-gaap	Other Operating Income OtherOperatingIncome	25000	USD
CY2020Q4	us-gaap	Other Operating Income OtherOperatingIncome	25000	USD
CY2021Q4	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	281000	USD
CY2020Q4	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	263000	USD
CY2021Q4	us-gaap	Noninterest Income NoninterestIncome	650000	USD
CY2020Q4	us-gaap	Noninterest Income NoninterestIncome	1225000	USD
CY2021Q4	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2702000	USD
CY2020Q4	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2547000	USD
CY2021Q4	us-gaap	Occupancy Net OccupancyNet	739000	USD
CY2020Q4	us-gaap	Occupancy Net OccupancyNet	725000	USD
CY2021Q4	us-gaap	Professional Fees ProfessionalFees	387000	USD
CY2020Q4	us-gaap	Professional Fees ProfessionalFees	528000	USD
CY2021Q4	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	134000	USD
CY2020Q4	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	132000	USD
CY2021Q4	us-gaap	Business Development BusinessDevelopment	125000	USD
CY2020Q4	us-gaap	Business Development BusinessDevelopment	44000	USD
CY2021Q4	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	34000	USD
CY2020Q4	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	180000	USD
CY2021Q4	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	57000	USD
CY2020Q4	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	130000	USD
CY2021Q4	mgyr	Service Fees ServiceFees	46000	USD
CY2020Q4	mgyr	Service Fees ServiceFees	84000	USD
CY2021Q4	us-gaap	Other Noninterest Expense OtherNoninterestExpense	397000	USD
CY2020Q4	us-gaap	Other Noninterest Expense OtherNoninterestExpense	354000	USD
CY2021Q4	us-gaap	Noninterest Expense NoninterestExpense	4621000	USD
CY2020Q4	us-gaap	Noninterest Expense NoninterestExpense	4724000	USD
CY2021Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2367000	USD
CY2020Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1906000	USD
CY2021Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	674000	USD
CY2020Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	569000	USD
CY2021Q4	us-gaap	Profit Loss ProfitLoss	1693000	USD
CY2020Q4	us-gaap	Profit Loss ProfitLoss	1337000	USD
CY2021Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.25
CY2020Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1301000	USD
CY2020Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.19
CY2021Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6792477	shares
CY2020Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7096664	shares
CY2021Q4	us-gaap	Profit Loss ProfitLoss	1693000	USD
CY2021Q4	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	-53000	USD
CY2020Q4	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	-51000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-53000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-51000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-13000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-15000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-40000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36000	USD
CY2021Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1653000	USD
CY2021Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	97641000	USD
CY2021Q4	us-gaap	Profit Loss ProfitLoss	1693000	USD
CY2021Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.12
CY2021Q4	us-gaap	Dividends Common Stock DividendsCommonStock	814000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-40000	USD
CY2021Q4	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	98000	USD
CY2021Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	61000	USD
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	98443000	USD
CY2020Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	56850000	USD
CY2020Q4	us-gaap	Profit Loss ProfitLoss	1337000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36000	USD
CY2020Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	50000	USD
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	58201000	USD
CY2021Q4	us-gaap	Profit Loss ProfitLoss	1693000	USD
CY2020Q4	us-gaap	Profit Loss ProfitLoss	1337000	USD
CY2021Q4	us-gaap	Depreciation Depreciation	209000	USD
CY2020Q4	us-gaap	Depreciation Depreciation	207000	USD
CY2021Q4	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-58000	USD
CY2020Q4	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-33000	USD
CY2021Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	101000	USD
CY2020Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	640000	USD
CY2021Q4	mgyr	Provision For Loss On Other Real Estate Owned ProvisionForLossOnOtherRealEstateOwned		USD
CY2020Q4	mgyr	Provision For Loss On Other Real Estate Owned ProvisionForLossOnOtherRealEstateOwned	150000	USD
CY2021Q4	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	2437000	USD
CY2020Q4	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	2513000	USD
CY2021Q4	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	2718000	USD
CY2020Q4	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	2776000	USD
CY2021Q4	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	281000	USD
CY2020Q4	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	263000	USD
CY2021Q4	mgyr	Losses Gains On Sales Of Other Real Estate Owned LossesGainsOnSalesOfOtherRealEstateOwned		USD
CY2020Q4	mgyr	Losses Gains On Sales Of Other Real Estate Owned LossesGainsOnSalesOfOtherRealEstateOwned	1000	USD
CY2021Q4	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	61000	USD
CY2020Q4	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	50000	USD
CY2021Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	26000	USD
CY2020Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-134000	USD
CY2021Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	51000	USD
CY2020Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	66000	USD
CY2021Q4	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	87000	USD
CY2020Q4	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	78000	USD
CY2021Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-360000	USD
CY2020Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	105000	USD
CY2021Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-4000	USD
CY2020Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-39000	USD
CY2021Q4	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-30000	USD
CY2020Q4	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-351000	USD
CY2021Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2336000	USD
CY2020Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1643000	USD
CY2021Q4	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	10934000	USD
CY2020Q4	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	3940000	USD
CY2021Q4	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	10064000	USD
CY2020Q4	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	4652000	USD
CY2021Q4	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt		USD
CY2020Q4	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	4060000	USD
CY2021Q4	mgyr	Principal Repayments On Held To Maturity Securities PrincipalRepaymentsOnHeldToMaturitySecurities	1221000	USD
CY2020Q4	mgyr	Principal Repayments On Held To Maturity Securities PrincipalRepaymentsOnHeldToMaturitySecurities	2586000	USD
CY2021Q4	mgyr	Principal Repayments On Available For Sale Securities PrincipalRepaymentsOnAvailableForSaleSecurities	671000	USD
CY2020Q4	mgyr	Principal Repayments On Available For Sale Securities PrincipalRepaymentsOnAvailableForSaleSecurities	3755000	USD
CY2021Q4	mgyr	Purchase Of Bank Owned Life Insurance PurchaseOfBankOwnedLifeInsurance	3000000	USD
CY2020Q4	mgyr	Purchase Of Bank Owned Life Insurance PurchaseOfBankOwnedLifeInsurance		USD
CY2021Q4	mgyr	Proceeds From Payments For Property And Equipment ProceedsFromPaymentsForPropertyAndEquipment	-77000	USD
CY2020Q4	mgyr	Proceeds From Payments For Property And Equipment ProceedsFromPaymentsForPropertyAndEquipment	-68000	USD
CY2021Q4	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	12000	USD
CY2020Q4	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	13000	USD
CY2021Q4	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate		USD
CY2020Q4	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	387000	USD
CY2021Q4	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	-77000	USD
CY2020Q4	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock		USD
CY2021Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-250000	USD
CY2020Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1875000	USD
CY2021Q4	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	7861000	USD
CY2020Q4	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	-6266000	USD
CY2021Q4	us-gaap	Origination Of Loan To Purchase Common Stock OriginationOfLoanToPurchaseCommonStock	98000	USD
CY2020Q4	us-gaap	Origination Of Loan To Purchase Common Stock OriginationOfLoanToPurchaseCommonStock		USD
CY2021Q4	mgyr	Net Decrease Increase In Escrowed Funds NetDecreaseIncreaseInEscrowedFunds	35000	USD
CY2020Q4	mgyr	Net Decrease Increase In Escrowed Funds NetDecreaseIncreaseInEscrowedFunds	242000	USD
CY2021Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2000000	USD
CY2020Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	7150000	USD
CY2021Q4	us-gaap	Payments Of Dividends PaymentsOfDividends	814000	USD
CY2020Q4	us-gaap	Payments Of Dividends PaymentsOfDividends		USD
CY2021Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4984000	USD
CY2020Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-13174000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	7070000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-9656000	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
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	82271000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	52070000	USD
CY2021Q4	us-gaap	Interest Paid Net InterestPaidNet	575000	USD
CY2020Q4	us-gaap	Interest Paid Net InterestPaidNet	995000	USD
CY2021Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1693000	USD
CY2021Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6792477	shares
CY2021Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.25
CY2020Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1337000	USD
CY2020Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7096664	shares
CY2020Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.19
CY2021Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	112996	shares
CY2021Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	112996	shares
CY2021Q4	mgyr	Percentage Of Common Shares Sold PercentageOfCommonSharesSold	0.08	pure
CY2021Q4	mgyr	Number Of Esop Shares Intended To Be Purchased By Trustees In Connection With Second Step Conversion Offerring NumberOfEsopSharesIntendedToBePurchasedByTrusteesInConnectionWithSecondStepConversionOfferring	312800	shares
CY2021Q4	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	61000	USD
CY2020Q4	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	50000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-40000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-51000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	15000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-36000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-53000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-13000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-40000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-53000	USD
CY2021Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	13000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-51000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-15000	USD
CY2020Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36000	USD
CY2021Q4	mgyr	Mortgage Servicing Rights Ms Rs MortgageServicingRightsMSRs	3000	USD
CY2021Q3	mgyr	Mortgage Servicing Rights Ms Rs MortgageServicingRightsMSRs	4000	USD
CY2021Q4	mgyr	Maximum Lease Term MaximumLeaseTerm	P11Y
CY2021Q4	mgyr	Minimum Lease Term MinimumLeaseTerm	P10Y
CY2021Q4	mgyr	Operating Lease Right Of Use Asset Liabilities OperatingLeaseRightOfUseAssetLiabilities	3700000	USD
CY2021Q4	mgyr	Operating Lease Liabilities OperatingLeaseLiabilities	4100000	USD
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3743000	USD
CY2021Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3894000	USD
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	4096000	USD
CY2021Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	4254000	USD
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y6M
CY2021Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y8M12D
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.022	pure
CY2021Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.022	pure
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	550000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	738000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	747000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	523000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	455000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	1533000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	4546000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	450000	USD
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	4096000	USD
CY2021Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	207000	USD
CY2020Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	204000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	12408000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	28000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	255000	USD
CY2021Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	12181000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	66467000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Gain HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain	315000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	1111000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	65671000	USD
CY2021Q4	mgyr	Available For Sale Securities Residential Mortgage Maturities Amortized Cost AvailableForSaleSecuritiesResidentialMortgageMaturitiesAmortizedCost	12408000	USD
CY2021Q4	mgyr	Available For Sale Securities Residential Mortgage Securities AvailableForSaleSecuritiesResidentialMortgageSecurities	12181000	USD
CY2021Q4	mgyr	Available For Sale Securities Commercial Mortgage Maturities Amortized Cost AvailableForSaleSecuritiesCommercialMortgageMaturitiesAmortizedCost		USD
CY2021Q4	mgyr	Available For Sale Securities Commercial Mortgage Securities AvailableForSaleSecuritiesCommercialMortgageSecurities		USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	12408000	USD
CY2021Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	12181000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount		USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities Within One Year Fair Value HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue		USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount	13498000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	13091000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount	6146000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	6035000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount	515000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Debt Maturities After Ten Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue	508000	USD
CY2021Q4	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	20159000	USD
CY2021Q4	mgyr	Total Debt Securities TotalDebtSecurities	19634000	USD
CY2021Q4	mgyr	Held To Maturity Securities Mortgage Residential Maturities Net Carrying Amount HeldToMaturitySecuritiesMortgageResidentialMaturitiesNetCarryingAmount	45624000	USD
CY2021Q4	mgyr	Held To Maturity Securities Mortgage Residential Maturities Fair Value HeldToMaturitySecuritiesMortgageResidentialMaturitiesFairValue	45353000	USD
CY2021Q4	mgyr	Held To Maturity Securities Mortgage Commercial Maturities Net Carrying Amount HeldToMaturitySecuritiesMortgageCommercialMaturitiesNetCarryingAmount	684000	USD
CY2021Q4	mgyr	Held To Maturity Securities Mortgage Commercial Maturities Fair Value HeldToMaturitySecuritiesMortgageCommercialMaturitiesFairValue	684000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	66467000	USD
CY2021Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	65671000	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 Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	208000	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
CY2021Q4	mgyr	Available For Sale And Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions AvailableForSaleAndHeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions	41	pure
CY2021Q4	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	56758000	USD
CY2021Q4	mgyr	Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2 AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2	1064000	USD
CY2021Q4	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	8306000	USD
CY2021Q4	mgyr	Availableforsale And Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2 AvailableforsaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2	302000	USD
CY2021Q4	mgyr	Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	65064000	USD
CY2021Q4	mgyr	Unrealized Gain Loss On Available For Sale And Held To Maturity Securities UnrealizedGainLossOnAvailableForSaleAndHeldToMaturitySecurities	1366000	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
CY2021Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	583354000	USD
CY2021Q3	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	594617000	USD
CY2021Q4	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	-860000	USD
CY2021Q3	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	-1241000	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8228000	USD
CY2021Q3	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8075000	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	574266000	USD
CY2021Q3	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	585301000	USD
CY2021Q4	us-gaap	Impaired Financing Receivable With Related Allowance Recorded Investment ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment	2835000	USD
CY2021Q4	us-gaap	Impaired Financing Receivable Related Allowance ImpairedFinancingReceivableRelatedAllowance	224000	USD
CY2021Q4	us-gaap	Impaired Financing Receivable With No Related Allowance Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment	7670000	USD
CY2021Q4	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	10505000	USD
CY2021Q4	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	10570000	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
CY2020Q4	us-gaap	Financing Receivable Modifications Pre Modification Recorded Investment2 FinancingReceivableModificationsPreModificationRecordedInvestment2	218000	USD
CY2021Q4	mgyr	Schedule Of Impaired Financing Receivable Average Recorded Investment ScheduleOfImpairedFinancingReceivableAverageRecordedInvestment	<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:18pt; margin-bottom:0pt; "> The following tables present the average recorded investment in impaired loans for the three and nine months ended December 31, 2021 and 2020. There was no interest income recognized on impaired loans during the periods presented. </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="89.71631205673759%"> <thead> <tr class="odd" style=""> <td style="width:77%; 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:21%; 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; ">Three Months</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:77%; 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:21%; 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; ">Ended December 31, </span><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> </tr> <tr class="odd" style=""> <td style="width:77%; 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:21%; 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:77%; 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:21%; 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:77%; 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; ">One-to-four family residential<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:20%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">2,464 </p> </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> </tr> <tr class="even" style=""> <td style="width:77%; 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; ">Commercial real estate<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:20%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">2,236 </p> </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> </tr> <tr class="odd" style="background-color:#cceeff; "> <td style="width:77%; 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; ">Construction<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:20%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">4,580 </p> </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> </tr> <tr class="even" style=""> <td style="width:77%; 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; ">Commercial business<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:20%; 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; ">1,507 </p> </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> </tr> <tr class="odd" style="background-color:#cceeff; "> <td style="width:77%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">Average investment in impaired 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; 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:20%; 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; ">10,787 </p> </td> <td style="width:111%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:12pt; text-align:left; margin-top:0pt; margin-bottom:0pt; "/> </td> </tr> </tbody> </table> </div> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:36pt; margin-bottom:0pt; "> </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="89.71631205673759%"> <thead> <tr class="odd" style=""> <td style="width:77%; 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:21%; 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; ">Three Months</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:77%; 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:21%; 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; ">Ended December 31, </span><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:77%; 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:21%; 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:77%; 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:21%; 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:77%; 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; ">One-to-four family residential<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:20%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">2,490 </p> </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> </tr> <tr class="even" style=""> <td style="width:77%; 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; ">Commercial real estate<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:20%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">4,370 </p> </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> </tr> <tr class="odd" style="background-color:#cceeff; "> <td style="width:77%; 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; ">Construction<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:20%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:right; margin-top:0pt; margin-bottom:0pt; ">4,861 </p> </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> </tr> <tr class="even" style=""> <td style="width:77%; 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; ">Commercial business<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:20%; 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; ">1,959 </p> </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> </tr> <tr class="odd" style="background-color:#cceeff; "> <td style="width:77%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:0pt; margin-bottom:0pt; ">Average investment in impaired 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; 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:20%; 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; ">13,680 </p> </td> <td style="width:111%; vertical-align:bottom; "> <p style="font-family:Times New Roman, Times, serif; font-size:12pt; text-align:left; margin-top:0pt; margin-bottom:0pt; "/></td></tr></tbody></table></div>
CY2021Q4	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	10787000	USD
CY2020Q4	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	13680000	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	583354000	USD
CY2021Q3	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	594617000	USD
CY2021Q4	mgyr	Loans Receivable Current LoansReceivableCurrent	577043000	USD
CY2021Q4	mgyr	Loans Receivable Past Due LoansReceivablePastDue	6311000	USD
CY2021Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	6213000	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	583354000	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
CY2021Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8075000	USD
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs		USD
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	52000	USD
CY2021Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	101000	USD
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8228000	USD
CY2020Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	6400000	USD
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs		USD
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	90000	USD
CY2021Q4	us-gaap	Financing Receivable Individually Evaluated For Impairment FinancingReceivableIndividuallyEvaluatedForImpairment	10505000	USD
CY2021Q4	us-gaap	Financing Receivable Collectively Evaluated For Impairment FinancingReceivableCollectivelyEvaluatedForImpairment	572849000	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
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	8004000	USD
CY2021Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	583354000	USD
CY2021Q4	mgyr	Number Of Loans NumberOfLoans	1	Loans
CY2021Q4	mgyr	Investment Before Tdr Modification InvestmentBeforeTdrModification	218000	USD
CY2021Q4	mgyr	Investment After Tdr Modification InvestmentAfterTdrModification	249000	USD
CY2021Q4	us-gaap	Demand Deposit Accounts DemandDepositAccounts	182411000	USD
CY2021Q3	us-gaap	Demand Deposit Accounts DemandDepositAccounts	181975000	USD
CY2021Q4	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	86698000	USD
CY2021Q3	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	81724000	USD
CY2021Q4	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	83736000	USD
CY2021Q3	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	71325000	USD
CY2021Q4	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	197828000	USD
CY2021Q3	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	187898000	USD
CY2021Q4	mgyr	Certificates Of Deposit CertificatesOfDeposit	82503000	USD
CY2021Q3	mgyr	Certificates Of Deposit CertificatesOfDeposit	101888000	USD
CY2021Q4	mgyr	Retirement Deposits RetirementDeposits	14499000	USD
CY2021Q3	mgyr	Retirement Deposits RetirementDeposits	15004000	USD
CY2021Q4	us-gaap	Deposits Deposits	647675000	USD
CY2021Q3	us-gaap	Deposits Deposits	639814000	USD
CY2021Q4	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2020Q4	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2021Q4	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	497000	USD
CY2020Q4	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	400000	USD
CY2021Q4	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	194000	USD
CY2020Q4	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	182000	USD
CY2021Q4	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-17000	USD
CY2020Q4	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-13000	USD
CY2021Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	674000	USD
CY2020Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	569000	USD
CY2021Q4	mgyr	Surtax Rate SurtaxRate	0.090	pure
CY2020Q4	mgyr	Surtax Rate SurtaxRate	0.090	pure
CY2021Q4	mgyr	Allocated Income In Excess In Income Taxes AllocatedIncomeInExcessInIncomeTaxes	1000000	USD
CY2021Q4	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.115	pure
CY2020Q4	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.115	pure
CY2021Q4	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	93250000	USD
CY2021Q3	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	90413000	USD

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ex31-2.htm	Edgar Link	pending
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$MGYR
Magyar Bancorp, Inc. Stock $mgyr

2021 Q4 Form 10-Q Financial Statement

#000117494722000234 Filed on February 11, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR Magyar Bancorp, Inc. Stock $mgyr

2021 Q4 Form 10-Q Financial Statement

#000117494722000234 Filed on February 11, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR
Magyar Bancorp, Inc. Stock $mgyr