$MGYR
Magyar Bancorp, Inc. Stock $mgyr

$mgyr Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-Q Financial Statement

#000117494723000204 Filed on February 13, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022 Q3
Revenue	$9.174M	$8.501M
YoY Change	32.9%	21.29%
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	$207.0K	$208.0K	$212.0K
YoY Change	0.0%	-0.48%	-3.64%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$2.228M	$1.610M
YoY Change	323.57%	182.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$2.586M	$2.590M	$3.429M
YoY Change	9.16%	9.42%	47.8%
Income Tax	$790.0K	$780.0K	$999.0K
% Of Pretax Income	30.55%	30.12%	29.13%
Net Earnings	$1.796M	$1.810M	$2.430M
YoY Change	6.97%	6.91%	50.93%
Net Earnings / Revenue	19.58%	21.29%
Basic Earnings Per Share	$0.28	$0.28
Diluted Earnings Per Share	$0.28	$0.28	$360.0K
COMMON SHARES
Basic Shares Outstanding	6.743M shares	6.743M shares	7.098M shares
Diluted Shares Outstanding	6.432M shares	6.459M shares

Balance Sheet

Concept	2023 Q1	2022 Q4	2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$25.43M	$7.878M	$30.94M
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	$13.61M	$13.68M	$13.88M
YoY Change	-23.0%	-23.56%	-3.15%
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	$839.9M	$821.6M	$798.5M
YoY Change	4.11%	5.24%	3.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$13.72M	$9.092M	$9.671M
YoY Change	146.0%	56.76%	69.67%
Accrued Expenses		$3.440M	$3.605M
YoY Change		-16.1%	-16.16%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$13.72M	$12.53M	$13.28M
YoY Change	44.25%	26.59%	32.76%
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	$13.72M	$12.53M	$13.28M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$738.7M	$721.7M	$700.0M
YoY Change	4.44%	5.79%	3.5%
SHAREHOLDERS EQUITY
Retained Earnings	$48.46M	$46.84M	$45.77M
YoY Change			16.53%
Common Stock	$64.17M	$64.00M	$63.81M
YoY Change			0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$6.504M	$5.820M	$5.793M
YoY Change			366.43%
Treasury Stock Shares		467.9K shares	465.7K shares
Shareholders Equity	$101.2M	$99.92M	$98.50M
YoY Change
Total Liabilities & Shareholders Equity	$839.9M	$821.6M	$798.5M
YoY Change	4.11%	5.24%	3.17%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022 Q3
OPERATING ACTIVITIES
Net Income	$1.796M	$1.810M	$2.430M
YoY Change	6.97%	6.91%	50.93%
Depreciation, Depletion And Amortization	$207.0K	$208.0K	$212.0K
YoY Change	0.0%	-0.48%	-3.64%
Cash From Operating Activities	$2.875M	$1.335M	$4.619M
YoY Change	606.39%	-42.85%	14.9%
INVESTING ACTIVITIES
Capital Expenditures	$130.0K	$10.00K	-$141.0K
YoY Change	-260.49%	-112.5%	182.0%
Acquisitions
YoY Change
Other Investing Activities	-$114.0K	-$46.02M	-$3.228M
YoY Change	-99.78%	26972.35%	-126.59%
Cash From Investing Activities	-$244.0K	-$46.03M	-$3.369M
YoY Change	-99.54%	18313.2%	-127.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	14.92M	$21.64M	3.365M
YoY Change	-40.9%	334.19%	-104.8%
NET CHANGE
Cash From Operating Activities	2.875M	$1.335M	4.619M
Cash From Investing Activities	-244.0K	-$46.03M	-3.369M
Cash From Financing Activities	14.92M	$21.64M	3.365M
Net Change In Cash	17.55M	-$23.06M	4.615M
YoY Change	-165.08%	-426.14%	-108.55%
FREE CASH FLOW
Cash From Operating Activities	$2.875M	$1.335M	$4.619M
Capital Expenditures	$130.0K	$10.00K	-$141.0K
Free Cash Flow	$2.745M	$1.325M	$4.760M
YoY Change	462.5%	-45.16%	16.95%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	mgyr	Weighted Average Exercise Price Exercisable WeightedAverageExercisePriceExercisable		shares
CY2022Q4	mgyr	Weighted Average Remaining Contractual Life Exercisable WeightedAverageRemainingContractualLifeExercisable
CY2022Q4	mgyr	Sharebased Compensation Arrangement By Sharebased Payment Exercisable Aggregate Intrinsic Value SharebasedCompensationArrangementBySharebasedPaymentExercisableAggregateIntrinsicValue		usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod		shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod		shares
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod		shares
CY2022Q4	dei	Document Type DocumentType	10-Q
CY2022Q4	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q4	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022Q4	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q4	dei	Entity File Number EntityFileNumber	000-51726
CY2022Q4	dei	Entity Registrant Name EntityRegistrantName	Magyar Bancorp, Inc.
CY2022Q4	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q4	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-4154978
CY2022Q4	dei	Entity Address Address Line1 EntityAddressAddressLine1	400 Somerset Street
CY2022Q4	dei	Entity Address City Or Town EntityAddressCityOrTown	New Brunswick
CY2022Q4	dei	Entity Address State Or Province EntityAddressStateOrProvince	NJ
CY2022Q4	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	08901
CY2022Q4	dei	City Area Code CityAreaCode	(732)
CY2022Q4	dei	Local Phone Number LocalPhoneNumber	342-7600
CY2022Q4	dei	Security12b Title Security12bTitle	Common Stock, $.01 per share
CY2022Q4	dei	Trading Symbol TradingSymbol	MGYR
CY2022Q4	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2022Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q4	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q4	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q4	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q4	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q4	dei	Entity Shell Company EntityShellCompany	false
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6742934	shares
CY2022Q4	us-gaap	Cash Cash	3253000	usd
CY2022Q3	us-gaap	Cash Cash	2869000	usd
CY2022Q4	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	4625000	usd
CY2022Q3	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	28067000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7878000	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30936000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	9207000	usd
CY2022Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	9229000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	79632000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	79914000	usd
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
CY2022Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	3826000	usd
CY2022Q3	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	3478000	usd
CY2022Q4	mgyr	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax1 AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax1		usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13683000	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13880000	usd
CY2022Q4	us-gaap	Other Real Estate OtherRealEstate	292000	usd
CY2022Q3	us-gaap	Other Real Estate OtherRealEstate	281000	usd
CY2022Q3	mgyr	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax1 AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax1		usd
CY2022Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	90630000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	91646000	usd
CY2022Q4	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	2106000	usd
CY2022Q3	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	1447000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8750000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8433000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	666080000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	619843000	usd
CY2022Q4	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	17755000	usd
CY2022Q4	mgyr	Chargeoffs Chargeoffs		usd
CY2022Q3	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	17660000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	10169000	usd
CY2022Q3	us-gaap	Other Assets OtherAssets	10143000	usd
CY2022Q4	us-gaap	Assets Assets	821626000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery		usd
CY2022Q3	us-gaap	Assets Assets	798543000	usd
CY2022Q4	us-gaap	Deposits Deposits	676083000	usd
CY2022Q3	us-gaap	Deposits Deposits	667733000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	3368000	usd
CY2022Q3	us-gaap	Other Liabilities OtherLiabilities	3407000	usd
CY2022Q4	us-gaap	Debt Current DebtCurrent	29725000	usd
CY2022Q3	us-gaap	Debt Current DebtCurrent	15625000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	162000	usd
CY2022Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	85000	usd
CY2022Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	12370000	usd
CY2022Q3	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	13191000	usd
CY2021Q4	mgyr	Chargeoffs Chargeoffs		usd
CY2022Q4	us-gaap	Liabilities Liabilities	721708000	usd
CY2022Q3	us-gaap	Liabilities Liabilities	700041000	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2022Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	281000	usd
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	14000000	shares
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	14000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6742934	shares
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6745128	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	71000	usd
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	71000	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	63931000	usd
CY2022Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	63734000	usd
CY2022Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	467887	shares
CY2022Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	465693	shares
CY2022Q4	us-gaap	Treasury Stock Value TreasuryStockValue	5820000	usd
CY2022Q3	us-gaap	Treasury Stock Value TreasuryStockValue	5793000	usd
CY2022Q4	mgyr	Unearned Esop Shares Cost UnearnedEsopSharesCost	3145000	usd
CY2022Q3	mgyr	Unearned Esop Shares Cost UnearnedEsopSharesCost	3169000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	46839000	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	45773000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1958000	usd
CY2022Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2114000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	99918000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	98502000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	821626000	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	798543000	usd
CY2022Q4	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	7959000	usd
CY2021Q4	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6721000	usd
CY2022Q4	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	504000	usd
CY2021Q4	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	261000	usd
CY2022Q4	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	14000	usd
CY2021Q4	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	7000	usd
CY2022Q4	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	24000	usd
CY2021Q4	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	20000	usd
CY2022Q4	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	8501000	usd
CY2021Q4	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	7009000	usd
CY2022Q4	us-gaap	Interest Expense Deposits InterestExpenseDeposits	1474000	usd
CY2021Q4	us-gaap	Interest Expense Deposits InterestExpenseDeposits	451000	usd
CY2022Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	136000	usd
CY2021Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	119000	usd
CY2022Q4	us-gaap	Interest Expense InterestExpense	1610000	usd
CY2021Q4	us-gaap	Interest Expense InterestExpense	570000	usd
CY2022Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6891000	usd
CY2021Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6439000	usd
CY2022Q4	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	317000	usd
CY2021Q4	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	101000	usd
CY2022Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6574000	usd
CY2021Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6338000	usd
CY2022Q4	mgyr	Service Charge Income ServiceChargeIncome	245000	usd
CY2021Q4	mgyr	Service Charge Income ServiceChargeIncome	257000	usd
CY2022Q4	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	95000	usd
CY2021Q4	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	87000	usd
CY2022Q4	mgyr	Interest Rate Swap Fees InterestRateSwapFees	57000	usd
CY2022Q4	us-gaap	Other Operating Income OtherOperatingIncome	20000	usd
CY2021Q4	us-gaap	Other Operating Income OtherOperatingIncome	25000	usd
CY2022Q4	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	180000	usd
CY2021Q4	us-gaap	Noninterest Income NoninterestIncome	650000	usd
CY2022Q4	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2822000	usd
CY2022Q4	us-gaap	Noninterest Income NoninterestIncome	597000	usd
CY2021Q4	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2702000	usd
CY2022Q4	us-gaap	Occupancy Net OccupancyNet	761000	usd
CY2021Q4	us-gaap	Occupancy Net OccupancyNet	739000	usd
CY2022Q4	us-gaap	Professional Fees ProfessionalFees	179000	usd
CY2021Q4	us-gaap	Professional Fees ProfessionalFees	387000	usd
CY2022Q4	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	146000	usd
CY2021Q4	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	134000	usd
CY2022Q4	us-gaap	Business Development BusinessDevelopment	126000	usd
CY2021Q4	us-gaap	Business Development BusinessDevelopment	125000	usd
CY2022Q4	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	16000	usd
CY2021Q4	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	34000	usd
CY2022Q4	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	54000	usd
CY2021Q4	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	57000	usd
CY2022Q4	mgyr	Service Fees ServiceFees	31000	usd
CY2021Q4	mgyr	Service Fees ServiceFees	46000	usd
CY2022Q4	us-gaap	Other Noninterest Expense OtherNoninterestExpense	446000	usd
CY2021Q4	us-gaap	Other Noninterest Expense OtherNoninterestExpense	397000	usd
CY2022Q4	us-gaap	Noninterest Expense NoninterestExpense	4581000	usd
CY2021Q4	us-gaap	Noninterest Expense NoninterestExpense	4621000	usd
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2590000	usd
CY2021Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2367000	usd
CY2022Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	780000	usd
CY2021Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	674000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1810000	usd
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	1693000	usd
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2021Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.25
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2021Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6456525	shares
CY2021Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6792477	shares
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6459446	shares
CY2021Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6792477	shares
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1810000	usd
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	1693000	usd
CY2022Q4	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	206000	usd
CY2021Q4	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	-53000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	206000	usd
CY2021Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-53000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	50000	usd
CY2021Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-13000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	156000	usd
CY2021Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-40000	usd
CY2022Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1966000	usd
CY2021Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1653000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	98502000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1810000	usd
CY2022Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.11
CY2022Q4	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	-46554000	usd
CY2022Q4	us-gaap	Dividends Common Stock DividendsCommonStock	744000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	156000	usd
CY2022Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	41000	usd
CY2022Q4	mgyr	Purchase Of Treasury Stock PurchaseOfTreasuryStock	-27000	usd
CY2022Q4	us-gaap	Stock Issued During Period Value Stock Dividend StockIssuedDuringPeriodValueStockDividend	180000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	99918000	usd
CY2021Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	97641000	usd
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	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	mgyr	Purchase Of Treasury Stock Value PurchaseOfTreasuryStockValue	-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
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1810000	usd
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	1693000	usd
CY2022Q4	us-gaap	Depreciation Depreciation	208000	usd
CY2021Q4	us-gaap	Depreciation Depreciation	209000	usd
CY2022Q4	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-43000	usd
CY2021Q4	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-58000	usd
CY2022Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	317000	usd
CY2021Q4	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	101000	usd
CY2022Q4	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	1825000	usd
CY2021Q4	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	2437000	usd
CY2022Q4	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	2005000	usd
CY2021Q4	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	2718000	usd
CY2022Q4	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	180000	usd
CY2021Q4	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	281000	usd
CY2022Q4	mgyr	Esop Compensation Expense EsopCompensationExpense	41000	usd
CY2021Q4	mgyr	Esop Compensation Expense EsopCompensationExpense	61000	usd
CY2022Q4	us-gaap	Share Based Compensation ShareBasedCompensation	180000	usd
CY2022Q4	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-237000	usd
CY2021Q4	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	26000	usd
CY2022Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	348000	usd
CY2021Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	51000	usd
CY2022Q4	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	95000	usd
CY2021Q4	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	87000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-160000	usd
CY2021Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-360000	usd
CY2022Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	77000	usd
CY2021Q4	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-4000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-821000	usd
CY2021Q4	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-30000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1335000	usd
CY2021Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2336000	usd
CY2021Q4	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	10934000	usd
CY2021Q4	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	10064000	usd
CY2021Q4	mgyr	Sales Of Payments For Property And Equipment SalesOfPaymentsForPropertyAndEquipment	77000	usd
CY2022Q4	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	11000	usd
CY2022Q4	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	992000	usd
CY2021Q4	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	1221000	usd
CY2022Q4	mgyr	Principal Repayments On Investment Securities Available For Sale PrincipalRepaymentsOnInvestmentSecuritiesAvailableForSale	209000	usd
CY2021Q4	mgyr	Principal Repayments On Investment Securities Available For Sale PrincipalRepaymentsOnInvestmentSecuritiesAvailableForSale	671000	usd
CY2021Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3000000	usd
CY2022Q4	mgyr	Sales Of Payments For Property And Equipment SalesOfPaymentsForPropertyAndEquipment	10000	usd
CY2021Q4	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	12000	usd
CY2022Q4	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	659000	usd
CY2021Q4	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	-77000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-46033000	usd
CY2021Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-250000	usd
CY2022Q4	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	8350000	usd
CY2021Q4	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	7861000	usd
CY2021Q4	us-gaap	Origination Of Loan To Purchase Common Stock OriginationOfLoanToPurchaseCommonStock	98000	usd
CY2022Q4	mgyr	Net Increase In Escrowed Funds NetIncreaseInEscrowedFunds	-39000	usd
CY2021Q4	mgyr	Net Increase In Escrowed Funds NetIncreaseInEscrowedFunds	35000	usd
CY2022Q4	mgyr	Purchase Treasury Stock PurchaseTreasuryStock	27000	usd
CY2022Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	3000000	usd
CY2021Q4	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2000000	usd
CY2022Q4	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	11100000	usd
CY2022Q4	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	744000	usd
CY2021Q4	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	814000	usd
CY2022Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2921	shares
CY2022Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	21640000	usd
CY2021Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4984000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-23058000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	7070000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30936000	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	75201000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7878000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	82271000	usd
CY2022Q4	us-gaap	Interest Paid Net InterestPaidNet	1533000	usd
CY2021Q4	us-gaap	Interest Paid Net InterestPaidNet	575000	usd
CY2022Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1810000	usd
CY2021Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1693000	usd
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6456525	shares
CY2021Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6792477	shares
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6459446	shares
CY2021Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6792477	shares
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2022Q4	mgyr	Shares Unallocated In Suspenses SharesUnallocatedInSuspenses	290313	shares
CY2022Q4	mgyr	Aggregate Fair Value AggregateFairValue	3700000	usd
CY2021Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.25
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2021Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
CY2022Q4	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	293200	shares
CY2022Q4	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	12.58
CY2022Q4	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	156400	shares
CY2022Q3	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	12.63
CY2022	mgyr	Stock Options Vest Over Service Period StockOptionsVestOverServicePeriod	P5Y
CY2022	mgyr	Treasury Yield In Effect Term TreasuryYieldInEffectTerm	P7Y
CY2022	mgyr	Stock Options Rate Percentage StockOptionsRatePercentage	0.95	pure
CY2022Q3	mgyr	Equity Compensation Shares EquityCompensationShares	547400	shares
CY2022Q4	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	293200	shares
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	293200	shares
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.58
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P10Y
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	293200	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.58
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P9Y8M12D
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding	70374000	usd
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	156400	shares
CY2022Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	12.63
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	156400	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	12.63
CY2022Q4	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	69000	usd
CY2022Q4	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	111000	usd
CY2022Q4	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	354891	shares
CY2022Q4	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	12.9
CY2022Q4	mgyr	Outstanding Shares Percentage OutstandingSharesPercentage	0.05	pure
CY2022Q4	us-gaap	Common Stock Other Shares Outstanding CommonStockOtherSharesOutstanding	337146	shares
CY2021	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	312800	shares
CY2021	us-gaap	Stock Issued1 StockIssued1	3400000	usd
CY2021Q3	us-gaap	Share Price SharePrice	10.77
CY2022Q1	us-gaap	Derivative Variable Interest Rate DerivativeVariableInterestRate	0.0325	pure
CY2023Q1	mgyr	Principal And Interest Payable Term PrincipalAndInterestPayableTerm	P30Y
CY2022Q4	mgyr	Shares Allocated To Participants SharesAllocatedToParticipants	22487	shares
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	523000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	455000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	334000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	1199000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	3812000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	372000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	3440000	usd
CY2022Q4	us-gaap	Contribution Of Property ContributionOfProperty	41000	usd
CY2021Q4	us-gaap	Contribution Of Property ContributionOfProperty	61000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	206000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-50000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	156000	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
CY2021Q4	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-40000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	206000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-50000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	156000	usd
CY2021Q4	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-53000	usd
CY2021Q4	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	13000	usd
CY2021Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-40000	usd
CY2022Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	196000000	usd
CY2021Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	207000000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	10919000	usd
CY2022Q4	mgyr	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax2 AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax2	1712000	usd
CY2022Q4	mgyr	Available For Sale Securities1 AvailableForSaleSecurities1	9207000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	90630000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Gain HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain	2000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	11000000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	79632000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P9Y
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3100000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	3400000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3141000	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3292000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	3440000	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	3605000	usd
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y9M18D
CY2022Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.022	pure
CY2022Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.022	pure
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	554000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	747000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	675737000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	628904000	usd
CY2022Q4	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	-907000	usd
CY2022Q3	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	-628000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount	8829000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities Within One Year Fair Value HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue	8643000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount	22525000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	20460000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount	4438000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	3734000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount	513000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Debt Maturities After Ten Years Fair Value HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue	405000	usd
CY2022Q4	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	36305000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis	33242000	usd
CY2022Q4	mgyr	Available For Sale Securities Residential Mortgage Maturitie Amortized Cost AvailableForSaleSecuritiesResidentialMortgageMaturitieAmortizedCost	53710000	usd
CY2022Q4	mgyr	Held To Maturity Securities Mortgage Residential Maturities Fair Value HeldToMaturitySecuritiesMortgageResidentialMaturitiesFairValue	45776000	usd
CY2022Q4	mgyr	Available For Sale Securities Commercial Mortgage Maturities Amortized Cost AvailableForSaleSecuritiesCommercialMortgageMaturitiesAmortizedCost	615000	usd
CY2022Q4	mgyr	Held To Maturity Securities Mortgage Commercial Maturities Fair Value HeldToMaturitySecuritiesMortgageCommercialMaturitiesFairValue	614000	usd
CY2022Q4	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	90630000	usd
CY2022Q4	mgyr	Available For Sale Debt Securities Amortized Costs Basis AvailableForSaleDebtSecuritiesAmortizedCostsBasis	79632000	usd
CY2022Q3	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	11147000	usd
CY2022Q3	mgyr	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax2 AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax2	1918000	usd
CY2022Q3	mgyr	Available For Sale Securities1 AvailableForSaleSecurities1	9229000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	91646000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Gain HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain	12000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	11744000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	79914000	usd
CY2022Q4	mgyr	Fair Value1 FairValue1	88273000	usd
CY2022Q4	mgyr	Unrealized Losses UnrealizedLosses	12712000	usd
CY2022Q3	mgyr	Fair Value1 FairValue1	88864000	usd
CY2022Q3	mgyr	Unrealized Losses UnrealizedLosses	13662000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8750000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8433000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Of Deferred Income LoansAndLeasesReceivableNetOfDeferredIncome	666080000	usd
CY2022Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	3899000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	675737000	usd
CY2022Q3	mgyr	Loans Receivable Current LoansReceivableCurrent	625208000	usd
CY2022Q3	mgyr	Loans Receivable Past Due LoansReceivablePastDue	3696000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Net Of Deferred Income LoansAndLeasesReceivableNetOfDeferredIncome	619843000	usd
CY2022Q3	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	2835000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	628904000	usd
CY2022Q4	us-gaap	Impaired Financing Receivable With Related Allowance Recorded Investment ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment	2937000	usd
CY2022Q4	us-gaap	Impaired Financing Receivable Related Allowance ImpairedFinancingReceivableRelatedAllowance	216000	usd
CY2022Q4	us-gaap	Impaired Financing Receivable With No Related Allowance Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment	2910000	usd
CY2022Q4	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	5847000	usd
CY2022Q4	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	5912000	usd
CY2022Q3	us-gaap	Impaired Financing Receivable With Related Allowance Recorded Investment ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment	2835000	usd
CY2022Q3	us-gaap	Impaired Financing Receivable Related Allowance ImpairedFinancingReceivableRelatedAllowance	114000	usd
CY2022Q3	us-gaap	Impaired Financing Receivable With No Related Allowance Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment	2824000	usd
CY2022Q3	us-gaap	Impaired Financing Receivable Recorded Investment ImpairedFinancingReceivableRecordedInvestment	5659000	usd
CY2022Q3	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	5724000	usd
CY2022Q4	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	5800000	usd
CY2021Q4	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	10800000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Related Parties Proceeds LoansAndLeasesReceivableRelatedPartiesProceeds	97000000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Impaired Troubled Debt Interest Income LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome	5754000	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Impaired Troubled Debt Interest Income LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome	10787000	usd
CY2022Q4	mgyr	Commercial Relationships Description CommercialRelationshipsDescription	Generally, the external consultant reviews commercial relationships greater than $500,000 and/or criticized relationships greater than $250,000.
CY2022Q4	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	675737000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Gross Carrying Amount LoansAndLeasesReceivableGrossCarryingAmount	628904000	usd
CY2022Q4	mgyr	Loans Receivable Current LoansReceivableCurrent	671245000	usd
CY2022Q4	mgyr	Loans Receivable Past Due LoansReceivablePastDue	4492000	usd
CY2022Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8433000	usd
CY2022Q4	us-gaap	Provision For Other Losses ProvisionForOtherLosses	317000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8750000	usd
CY2021Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8075000	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	52000	usd
CY2021Q4	us-gaap	Provision For Other Losses ProvisionForOtherLosses	101000	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8228000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Commitments Variable Rates LoansAndLeasesReceivableCommitmentsVariableRates	387000000	usd
CY2022Q4	mgyr	Number Of Loans NumberOfLoans	1	pure
CY2022Q4	mgyr	Investment Before Tdr Modification InvestmentBeforeTDRModification	97000	usd
CY2022Q4	mgyr	Investment After Tdr Modification InvestmentAfterTDRModification	107000	usd
CY2022Q4	us-gaap	Demand Deposit Accounts DemandDepositAccounts	188424000	usd
CY2022Q3	us-gaap	Demand Deposit Accounts DemandDepositAccounts	182417000	usd
CY2022Q4	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	76105000	usd
CY2022Q3	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	81850000	usd
CY2022Q4	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	93436000	usd
CY2022Q3	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	98643000	usd
CY2022Q4	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	233706000	usd
CY2022Q3	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	222214000	usd
CY2022Q4	mgyr	Certificates Of Deposit CertificatesOfDeposit	71975000	usd
CY2022Q3	mgyr	Certificates Of Deposit CertificatesOfDeposit	69929000	usd
CY2022Q4	mgyr	Retirement Deposits RetirementDeposits	12437000	usd
CY2022Q3	mgyr	Retirement Deposits RetirementDeposits	12680000	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	676083000	usd
CY2022Q3	us-gaap	Deposits Assets Current DepositsAssetsCurrent	667733000	usd
CY2021Q4	us-gaap	Share Based Compensation ShareBasedCompensation		usd
CY2021Q4	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt		usd
CY2022Q4	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.21	pure
CY2021Q4	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.21	pure
CY2022Q4	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	544000	usd
CY2021Q4	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	497000	usd
CY2022Q4	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	233000	usd
CY2021Q4	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	194000	usd
CY2022Q4	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	3000	usd
CY2021Q4	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	-17000	usd
CY2022Q4	us-gaap	Other Income Tax Expense Benefit Continuing Operations OtherIncomeTaxExpenseBenefitContinuingOperations	780000	usd
CY2021Q4	us-gaap	Other Income Tax Expense Benefit Continuing Operations OtherIncomeTaxExpenseBenefitContinuingOperations	674000	usd
CY2022Q4	mgyr	Income Tax Reconciliation Income Tax Expenses Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpensesBenefitAtFederalStatutoryIncomeTaxRate	0.09	pure
CY2021Q4	mgyr	Income Tax Reconciliation Income Tax Expenses Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpensesBenefitAtFederalStatutoryIncomeTaxRate	0.03	pure
CY2022Q4	mgyr	Allocated Income In Excess In Income Taxes AllocatedIncomeInExcessInIncomeTaxes	1000000	usd
CY2022Q4	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements State And Local EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal	0.115	pure
CY2021Q4	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements State And Local EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal	0.03	pure
CY2022Q4	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	101937000	usd
CY2022Q3	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	127028000	usd
CY2021Q4	mgyr	Purchase Treasury Stock PurchaseTreasuryStock		usd
CY2021Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment		shares
CY2022Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding		usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross		shares
CY2022Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue		usd
CY2022Q4	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised		shares
CY2022Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2022Q4	mgyr	Sharebased Compensation Arrangement By Sharebased Payment Exercised Aggregate Intrinsic Value SharebasedCompensationArrangementBySharebasedPaymentExercisedAggregateIntrinsicValue		usd
CY2022Q4	mgyr	Weighted Averages Remaining Contractual Life Forfeited WeightedAveragesRemainingContractualLifeForfeited
CY2022Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2022Q4	mgyr	Sharebased Compensation Arrangement By Sharebased Payment Forfeited Aggregate Intrinsic Value SharebasedCompensationArrangementBySharebasedPaymentForfeitedAggregateIntrinsicValue		usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod		shares
CY2022Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2022Q4	mgyr	Sharebased Compensation Arrangement By Sharebased Payment Expired Aggregate Intrinsic Value SharebasedCompensationArrangementBySharebasedPaymentExpiredAggregateIntrinsicValue		usd
CY2022Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2022Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q4	us-gaap	Loans And Leases Receivable Related Parties Proceeds LoansAndLeasesReceivableRelatedPartiesProceeds		usd
CY2022Q4	dei	Amendment Flag AmendmentFlag	false
CY2022Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q4	dei	Entity Central Index Key EntityCentralIndexKey	0001337068

Files In Submission

Name	View Source	Status
mgyr-20221231_def.xml	Edgar Link	unprocessable
mgyr-20221231_pre.xml	Edgar Link	unprocessable
mgyr-20221231_cal.xml	Edgar Link	unprocessable
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mgyr-20221231_htm.xml	Edgar Link	completed
mgyr-20221231_lab.xml	Edgar Link	unprocessable
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0001174947-23-000204-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mgyr-20221231.htm	Edgar Link	pending
mgyr-20221231.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MGYR
Magyar Bancorp, Inc. Stock $mgyr

2023 Q1 Form 10-Q Financial Statement

#000117494723000204 Filed on February 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR Magyar Bancorp, Inc. Stock $mgyr

2023 Q1 Form 10-Q Financial Statement

#000117494723000204 Filed on February 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR
Magyar Bancorp, Inc. Stock $mgyr