$MGYR
Magyar Bancorp, Inc. Stock $mgyr

$mgyr Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000117494723000772 Filed on May 12, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue	$9.777M	$9.174M	$6.903M
YoY Change	30.78%	32.9%
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	$210.0K	$207.0K	$207.0K
YoY Change	0.0%	0.0%	3.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$2.887M	$2.228M	$526.0K
YoY Change	463.87%	323.57%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$2.706M	$2.586M	$2.369M
YoY Change	-9.89%	9.16%	9.78%
Income Tax	$788.0K	$790.0K	$690.0K
% Of Pretax Income	29.12%	30.55%	29.13%
Net Earnings	$1.918M	$1.796M	$1.679M
YoY Change	-9.4%	6.97%	11.49%
Net Earnings / Revenue	19.62%	19.58%	24.32%
Basic Earnings Per Share	$0.30	$0.28	$0.25
Diluted Earnings Per Share	$0.30	$0.28	$247.0K
COMMON SHARES
Basic Shares Outstanding	6.689M shares	6.743M shares	6.797M shares
Diluted Shares Outstanding	6.413M shares	6.432M shares	6.797M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments			$151.6M
YoY Change
Cash & Equivalents	$22.40M	$25.43M	$55.30M
Short-Term Investments			$96.26M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$13.48M	$13.61M	$17.67M
YoY Change	-3.35%	-23.0%	0.96%
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	$857.4M	$839.9M	$806.7M
YoY Change	8.45%	4.11%	6.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$11.80M	$13.72M	$5.576M
YoY Change	62.58%	146.0%	-7.07%
Accrued Expenses			$3.933M
YoY Change			19.18%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$11.80M	$13.72M	$9.509M
YoY Change	7.01%	44.25%	2.25%
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	$11.80M	$13.72M	$9.509M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$754.7M	$738.7M	$707.3M
YoY Change	9.43%	4.44%	1.14%
SHAREHOLDERS EQUITY
Retained Earnings	$50.18M	$48.46M
YoY Change	15.24%
Common Stock	$71.00K	$64.17M
YoY Change	-99.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$5.478M	$6.504M
YoY Change	341.06%
Treasury Stock Shares			113.0K shares
Shareholders Equity	$102.8M	$101.2M	$99.40M
YoY Change
Total Liabilities & Shareholders Equity	$857.4M	$839.9M	$806.7M
YoY Change	8.45%	4.11%	6.31%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	$1.918M	$1.796M	$1.679M
YoY Change	-9.4%	6.97%	11.49%
Depreciation, Depletion And Amortization	$210.0K	$207.0K	$207.0K
YoY Change	0.0%	0.0%	3.5%
Cash From Operating Activities	$340.0K	$2.875M	$407.0K
YoY Change	-91.13%	606.39%	-81.99%
INVESTING ACTIVITIES
Capital Expenditures	$100.0K	$130.0K	-$81.00K
YoY Change	-217.65%	-260.49%	-42.14%
Acquisitions
YoY Change
Other Investing Activities	-$20.80M	-$114.0K	-$52.55M
YoY Change	55.1%	-99.78%	100.71%
Cash From Investing Activities	-$20.90M	-$244.0K	-$52.63M
YoY Change	54.86%	-99.54%	99.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	17.53M	14.92M	25.25M
YoY Change	-190.75%	-40.9%	68.21%
NET CHANGE
Cash From Operating Activities	340.0K	2.875M	407.0K
Cash From Investing Activities	-20.90M	-244.0K	-52.63M
Cash From Financing Activities	17.53M	14.92M	25.25M
Net Change In Cash	-3.030M	17.55M	-26.97M
YoY Change	-89.54%	-165.08%	197.7%
FREE CASH FLOW
Cash From Operating Activities	$340.0K	$2.875M	$407.0K
Capital Expenditures	$100.0K	$130.0K	-$81.00K
Free Cash Flow	$240.0K	$2.745M	$488.0K
YoY Change	-93.88%	462.5%	-79.67%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-51726
	dei	Entity Registrant Name EntityRegistrantName	Magyar Bancorp, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-4154978
	dei	Entity Address Address Line1 EntityAddressAddressLine1	400 Somerset Street
	dei	Entity Address City Or Town EntityAddressCityOrTown	New Brunswick
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NJ
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	08901
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6688790	shares
CY2023Q1	us-gaap	Cash Cash	3044000	usd
CY2022Q3	us-gaap	Cash Cash	2869000	usd
CY2023Q1	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	22388000	usd
	dei	City Area Code CityAreaCode	(732)
	dei	Local Phone Number LocalPhoneNumber	342-7600
	dei	Security12b Title Security12bTitle	Common Stock, $.01 per share
	dei	Trading Symbol TradingSymbol	MGYR
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q3	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	28067000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	25432000	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30936000	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	9158000	usd
CY2022Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	9229000	usd
CY2023Q1	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	79957000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	79914000	usd
CY2023Q1	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	89722000	usd
CY2022Q3	us-gaap	Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment	91646000	usd
CY2023Q1	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	1936000	usd
CY2022Q3	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	1447000	usd
CY2023Q1	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8844000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	8433000	usd
CY2023Q1	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	667266000	usd
CY2022Q3	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	619843000	usd
CY2023Q1	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	17845000	usd
CY2022Q3	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	17660000	usd
CY2023Q1	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	3969000	usd
CY2022Q3	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	3478000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13605000	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13880000	usd
CY2023Q1	us-gaap	Other Real Estate OtherRealEstate	291000	usd
CY2022Q3	us-gaap	Other Real Estate OtherRealEstate	281000	usd
CY2023Q1	us-gaap	Other Assets OtherAssets	10633000	usd
CY2022Q3	us-gaap	Other Assets OtherAssets	10143000	usd
CY2023Q1	us-gaap	Assets Assets	839857000	usd
CY2022Q3	us-gaap	Assets Assets	798543000	usd
CY2023Q1	us-gaap	Deposits Deposits	697891000	usd
CY2022Q3	us-gaap	Deposits Deposits	667733000	usd
CY2023Q1	us-gaap	Other Liabilities OtherLiabilities	1550000	usd
CY2022Q3	us-gaap	Other Liabilities OtherLiabilities	3407000	usd
CY2023Q1	us-gaap	Debt Current DebtCurrent	25534000	usd
CY2022Q3	us-gaap	Debt Current DebtCurrent	15625000	usd
CY2023Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	236000	usd
CY2022Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	85000	usd
CY2023Q1	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	13481000	usd
CY2022Q3	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	13191000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	738692000	usd
CY2022Q3	us-gaap	Liabilities Liabilities	700041000	usd
CY2023Q1	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
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2022Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	14000000	shares
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	14000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6689790	shares
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6745128	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	71000	usd
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	71000	usd
CY2023Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	64096000	usd
CY2022Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	63734000	usd
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	521031	shares
CY2022Q3	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	465693	shares
CY2023Q1	us-gaap	Treasury Stock Value TreasuryStockValue	6504000	usd
CY2022Q3	us-gaap	Treasury Stock Value TreasuryStockValue	5793000	usd
CY2023Q1	mgyr	Unearned Esop Shares Cost UnearnedEsopSharesCost	3129000	usd
CY2022Q3	mgyr	Unearned Esop Shares Cost UnearnedEsopSharesCost	3169000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	48456000	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	45773000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1825000	usd
CY2022Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2114000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	101165000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	98502000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	839857000	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	798543000	usd
CY2023Q1	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	8618000	usd
CY2022Q1	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	6543000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	16577000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	13263000	usd
CY2023Q1	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	512000	usd
CY2022Q1	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	334000	usd
	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	1015000	usd
	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	594000	usd
CY2023Q1	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	14000	usd
CY2022Q1	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	8000	usd
	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	29000	usd
	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	16000	usd
CY2023Q1	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	30000	usd
CY2022Q1	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	18000	usd
	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	55000	usd
	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	39000	usd
CY2023Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	9174000	usd
CY2022Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	6903000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	17676000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	13912000	usd
CY2023Q1	us-gaap	Interest Expense Deposits InterestExpenseDeposits	2009000	usd
CY2022Q1	us-gaap	Interest Expense Deposits InterestExpenseDeposits	415000	usd
	us-gaap	Interest Expense Deposits InterestExpenseDeposits	3483000	usd
	us-gaap	Interest Expense Deposits InterestExpenseDeposits	867000	usd
CY2023Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	219000	usd
CY2022Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	111000	usd
	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	355000	usd
	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	230000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	2228000	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	526000	usd
	us-gaap	Interest Expense InterestExpense	3838000	usd
	us-gaap	Interest Expense InterestExpense	1097000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6946000	usd
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6377000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	13838000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	12815000	usd
CY2023Q1	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	195000	usd
CY2022Q1	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	71000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	513000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	171000	usd
CY2023Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6751000	usd
CY2022Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6306000	usd
	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	13325000	usd
	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	12644000	usd
CY2023Q1	mgyr	Service Charge Income ServiceChargeIncome	320000	usd
CY2022Q1	mgyr	Service Charge Income ServiceChargeIncome	319000	usd
	mgyr	Service Charge Income ServiceChargeIncome	565000	usd
	mgyr	Service Charge Income ServiceChargeIncome	575000	usd
CY2023Q1	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	90000	usd
CY2022Q1	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	93000	usd
	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	185000	usd
	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	181000	usd
	mgyr	Interest Rate Swap Fees InterestRateSwapFees	57000	usd
CY2023Q1	us-gaap	Other Operating Income OtherOperatingIncome	20000	usd
CY2022Q1	us-gaap	Other Operating Income OtherOperatingIncome	21000	usd
	us-gaap	Other Operating Income OtherOperatingIncome	41000	usd
	us-gaap	Other Operating Income OtherOperatingIncome	46000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	201000	usd
CY2022Q1	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	139000	usd
	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	381000	usd
	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	420000	usd
CY2023Q1	us-gaap	Noninterest Income NoninterestIncome	631000	usd
CY2022Q1	us-gaap	Noninterest Income NoninterestIncome	572000	usd
	us-gaap	Noninterest Income NoninterestIncome	1229000	usd
	us-gaap	Noninterest Income NoninterestIncome	1222000	usd
CY2023Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2983000	usd
CY2022Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2694000	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	5806000	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	5395000	usd
CY2023Q1	us-gaap	Occupancy Net OccupancyNet	792000	usd
CY2022Q1	us-gaap	Occupancy Net OccupancyNet	765000	usd
	us-gaap	Occupancy Net OccupancyNet	1552000	usd
	us-gaap	Occupancy Net OccupancyNet	1505000	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	205000	usd
CY2022Q1	us-gaap	Professional Fees ProfessionalFees	270000	usd
	us-gaap	Professional Fees ProfessionalFees	384000	usd
	us-gaap	Professional Fees ProfessionalFees	658000	usd
CY2023Q1	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	149000	usd
CY2022Q1	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	139000	usd
	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	295000	usd
	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	273000	usd
CY2023Q1	us-gaap	Business Development BusinessDevelopment	117000	usd
CY2022Q1	us-gaap	Business Development BusinessDevelopment	84000	usd
	us-gaap	Business Development BusinessDevelopment	243000	usd
	us-gaap	Business Development BusinessDevelopment	209000	usd
CY2023Q1	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	8000	usd
CY2022Q1	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	14000	usd
	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	25000	usd
	us-gaap	Loan Portfolio Expense LoanPortfolioExpense	48000	usd
CY2023Q1	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	94000	usd
CY2022Q1	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	49000	usd
	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	148000	usd
	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	106000	usd
CY2023Q1	mgyr	Service Fees ServiceFees	40000	usd
CY2022Q1	mgyr	Service Fees ServiceFees	38000	usd
	mgyr	Service Fees ServiceFees	71000	usd
	mgyr	Service Fees ServiceFees	83000	usd
CY2023Q1	us-gaap	Other Noninterest Expense OtherNoninterestExpense	408000	usd
CY2022Q1	us-gaap	Other Noninterest Expense OtherNoninterestExpense	456000	usd
	us-gaap	Other Noninterest Expense OtherNoninterestExpense	855000	usd
	us-gaap	Other Noninterest Expense OtherNoninterestExpense	853000	usd
CY2023Q1	us-gaap	Noninterest Expense NoninterestExpense	4796000	usd
CY2022Q1	us-gaap	Noninterest Expense NoninterestExpense	4509000	usd
	us-gaap	Noninterest Expense NoninterestExpense	9379000	usd
	us-gaap	Noninterest Expense NoninterestExpense	9130000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2586000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2369000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5175000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4736000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	790000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	690000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1569000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1364000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	1679000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3372000	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.25
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.5
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.5
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431471	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6796566	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431109	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6796598	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432052	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6796566	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432742	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6796598	shares
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	1679000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3372000	usd
CY2023Q1	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	177000	usd
CY2022Q1	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	-742000	usd
	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	384000	usd
	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	-795000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	44000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-183000	usd
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	95000	usd
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-196000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	133000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-559000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	289000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-599000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1929000	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1120000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3895000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2773000	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	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
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.03
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	179000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	133000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	33000	usd
CY2023Q1	mgyr	Purchase Of Treasury Stock PurchaseOfTreasuryStock	-697000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Stock Dividend StockIssuedDuringPeriodValueStockDividend	161000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	101165000	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
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	1679000	usd
CY2022Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.03
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	205000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-559000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	40000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	99398000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3372000	usd
	us-gaap	Depreciation Depreciation	415000	usd
	us-gaap	Depreciation Depreciation	417000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-80000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-104000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	513000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	171000	usd
	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	3887000	usd
	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	3591000	usd
	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	4268000	usd
	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	4011000	usd
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	381000	usd
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	420000	usd
	mgyr	Esop Compensation Expense EsopCompensationExpense	74000	usd
	mgyr	Esop Compensation Expense EsopCompensationExpense	101000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	341000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-357000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	85000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	491000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	49000	usd
	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	185000	usd
	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	181000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	227000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	845000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	151000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-12000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	290000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-416000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4210000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2747000	usd
	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	-40845000	usd
	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	-24283000	usd
	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	7091000	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	29297000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	1878000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	2595000	usd
	mgyr	Principal Repayments On Investment Securities Available For Sale PrincipalRepaymentsOnInvestmentSecuritiesAvailableForSale	421000	usd
	mgyr	Principal Repayments On Investment Securities Available For Sale PrincipalRepaymentsOnInvestmentSecuritiesAvailableForSale	1103000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3000000	usd
	mgyr	Sales Of Payments For Property And Equipment SalesOfPaymentsForPropertyAndEquipment	140000	usd
	mgyr	Sales Of Payments For Property And Equipment SalesOfPaymentsForPropertyAndEquipment	161000	usd
	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	11000	usd
	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	12000	usd
	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	489000	usd
	us-gaap	Payments For Proceeds From Federal Home Loan Bank Stock PaymentsForProceedsFromFederalHomeLoanBankStock	-177000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-46277000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-52878000	usd
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	30158000	usd
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	35435000	usd
	us-gaap	Origination Of Loan To Purchase Common Stock OriginationOfLoanToPurchaseCommonStock	98000	usd
	mgyr	Net Increase In Escrowed Funds NetIncreaseInEscrowedFunds	-1857000	usd
	mgyr	Net Increase In Escrowed Funds NetIncreaseInEscrowedFunds	117000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	13000000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3091000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	4206000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	923000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1019000	usd
	mgyr	Purchase Treasury Stock PurchaseTreasuryStock	724000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	36563000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	30229000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5504000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-19902000	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
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	25432000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	55299000	usd
	us-gaap	Interest Paid Net InterestPaidNet	3687000	usd
	us-gaap	Interest Paid Net InterestPaidNet	1108000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1850000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1500000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1796000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1679000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3606000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3372000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431471	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6796566	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431109	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6796598	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432052	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6796566	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432742	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6796598	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.25
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.5
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.5
CY2023Q1	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	293200	shares
CY2023Q1	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	12.58
	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	156400	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased	12.63
	mgyr	Stock Options Vest Over Service Period StockOptionsVestOverServicePeriod	P5Y
	us-gaap	Line Of Credit Facility Expiration Period LineOfCreditFacilityExpirationPeriod	P10Y
	mgyr	Treasury Yield In Effect Term TreasuryYieldInEffectTerm	P7Y
	mgyr	Stock Options Rate Percentage StockOptionsRatePercentage	0.95	pure
CY2022Q3	mgyr	Equity Compensation Shares EquityCompensationShares	547400	shares
	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
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P10Y
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	293200	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.58
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P9Y6M
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
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	156400	shares
CY2023Q1	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
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	132000	usd
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	209000	usd
CY2022Q4	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	354891	shares
CY2022Q4	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	12.9
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	283002	shares
CY2023Q1	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	337146	shares
CY2023Q1	us-gaap	Treasury Stock Preferred Shares TreasuryStockPreferredShares	522031	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
CY2023Q1	us-gaap	Derivative Variable Interest Rate DerivativeVariableInterestRate	0.075	pure
CY2023Q1	mgyr	Principal And Interest Payable Term PrincipalAndInterestPayableTerm	P30Y
	mgyr	Shares Allocated To Participants SharesAllocatedToParticipants	22487	shares
	mgyr	Shares Unallocated In Suspenses SharesUnallocatedInSuspenses	290313	shares
	mgyr	Aggregate Fair Value AggregateFairValue	3100000	usd
	us-gaap	Contribution Of Property ContributionOfProperty	74000	usd
	us-gaap	Contribution Of Property ContributionOfProperty	99000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	177000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-44000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	133000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-742000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	183000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-559000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	177000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-44000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax	133000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-742000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	183000	usd
CY2022Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax	-559000	usd
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	384000	usd
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$MGYR
Magyar Bancorp, Inc. Stock $mgyr

2023 Q2 Form 10-Q Financial Statement

#000117494723000772 Filed on May 12, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR Magyar Bancorp, Inc. Stock $mgyr

2023 Q2 Form 10-Q Financial Statement

#000117494723000772 Filed on May 12, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR
Magyar Bancorp, Inc. Stock $mgyr