2023 Q4 Form 10-K Financial Statement

#000117494723001465 Filed on December 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $11.56M $38.07M
YoY Change 35.95% 29.03%
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 $217.0K $212.0K $840.0K
YoY Change 4.33% 0.0% 0.12%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.313M $10.33M
YoY Change 167.89% 316.02%
% of Operating Profit
Other Income/Expense, Net -$19.29M
YoY Change
Pretax Income $2.352M $2.859M $10.74M
YoY Change -9.19% -16.62% -3.83%
Income Tax $700.0K $674.0K $3.032M
% Of Pretax Income 29.76% 23.57% 28.23%
Net Earnings $1.652M $2.185M $7.709M
YoY Change -8.73% -10.08% -2.65%
Net Earnings / Revenue 14.29% 20.25%
Basic Earnings Per Share $0.26 $1.20
Diluted Earnings Per Share $0.26 $0.34 $1.20
COMMON SHARES
Basic Shares Outstanding 6.658M shares 6.662M shares 6.425M shares
Diluted Shares Outstanding 6.387M shares 6.425M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $51.12M $72.53M
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 $12.53M $13.34M $16.03M
YoY Change -8.4% -3.9% -6.67%
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 $916.7M $907.3M $907.3M
YoY Change 11.58% 13.62% 13.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.13M $11.10M $11.10M
YoY Change 55.44% 14.73% 14.73%
Accrued Expenses $2.944M $2.944M
YoY Change -18.34% -18.34%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.13M $14.04M $14.04M
YoY Change 12.78% 5.75% 5.75%
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 $14.13M $14.04M $14.04M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $810.2M $802.5M $802.5M
YoY Change 12.26% 14.64% 14.64%
SHAREHOLDERS EQUITY
Retained Earnings $53.46M $52.17M
YoY Change 14.13% 13.97%
Common Stock $71.00K $71.00K
YoY Change -99.89% -99.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.554M $5.362M
YoY Change -4.57% -7.44%
Treasury Stock Shares
Shareholders Equity $106.5M $104.8M $104.8M
YoY Change
Total Liabilities & Shareholders Equity $916.7M $907.3M $907.3M
YoY Change 11.58% 13.62% 13.62%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $1.652M $2.185M $7.709M
YoY Change -8.73% -10.08% -2.65%
Depreciation, Depletion And Amortization $217.0K $212.0K $840.0K
YoY Change 4.33% 0.0% 0.12%
Cash From Operating Activities $3.224M $3.931M $8.484M
YoY Change 141.5% -14.89% -24.26%
INVESTING ACTIVITIES
Capital Expenditures $128.0K $68.00K
YoY Change 1180.0% -148.23%
Acquisitions
YoY Change
Other Investing Activities -$31.21M $1.193M -$65.74M
YoY Change -32.19% -136.96% -5.21%
Cash From Investing Activities -$31.34M $1.125M -$66.05M
YoY Change -31.93% -133.39% -5.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.409M $4.741M
YoY Change -55.82%
Cash From Financing Activities $6.697M 45.07M $99.17M
YoY Change -69.05% 1239.44% 594.58%
NET CHANGE
Cash From Operating Activities $3.224M 3.931M $8.484M
Cash From Investing Activities -$31.34M 1.125M -$66.05M
Cash From Financing Activities $6.697M 45.07M $99.17M
Net Change In Cash -$21.42M 50.13M $41.60M
YoY Change -7.13% 986.2% -193.97%
FREE CASH FLOW
Cash From Operating Activities $3.224M $3.931M $8.484M
Capital Expenditures $128.0K $68.00K
Free Cash Flow $3.096M $3.863M $8.484M
YoY Change 133.66% -18.84% 3.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
000-51726
CY2023 dei Entity Registrant Name
EntityRegistrantName
Magyar Bancorp, Inc.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-4154978
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
400 Somerset Street
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
New Brunswick
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08901
CY2023 dei City Area Code
CityAreaCode
(732)
CY2023 dei Local Phone Number
LocalPhoneNumber
342-7600
CY2023 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2023 dei Trading Symbol
TradingSymbol
MGYR
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Public Float
EntityPublicFloat
70600000 usd
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6657798 shares
CY2023 dei Auditor Firm
AuditorFirmId
74
CY2023 dei Auditor Name
AuditorName
S.R. Snodgrass, P.C.
CY2023 dei Auditor Location
AuditorLocation
Cranberry Township, Pennsylvania
CY2023Q3 us-gaap Cash
Cash
3179000 usd
CY2022Q3 us-gaap Cash
Cash
2869000 usd
CY2023Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
69353000 usd
CY2022Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
28067000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72532000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30936000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
10125000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9229000 usd
CY2023Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
73728000 usd
CY2022Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
79914000 usd
CY2023Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
85835000 usd
CY2022Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
91646000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2286000 usd
CY2022Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
1447000 usd
CY2023Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8330000 usd
CY2022Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8433000 usd
CY2023Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
689070000 usd
CY2022Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
619843000 usd
CY2023Q3 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
18030000 usd
CY2022Q3 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
17660000 usd
CY2023Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
4337000 usd
CY2022Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
3478000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13339000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13880000 usd
CY2023Q3 us-gaap Other Real Estate
OtherRealEstate
328000 usd
CY2022Q3 us-gaap Other Real Estate
OtherRealEstate
281000 usd
CY2023Q3 us-gaap Other Assets
OtherAssets
11410000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
10143000 usd
CY2023Q3 us-gaap Assets
Assets
907292000 usd
CY2022Q3 us-gaap Assets
Assets
798543000 usd
CY2023Q3 us-gaap Deposits
Deposits
755453000 usd
CY2022Q3 us-gaap Deposits
Deposits
667733000 usd
CY2023Q3 us-gaap Other Liabilities
OtherLiabilities
3494000 usd
CY2022Q3 us-gaap Other Liabilities
OtherLiabilities
3407000 usd
CY2023Q3 us-gaap Debt Current
DebtCurrent
29515000 usd
CY2022Q3 us-gaap Debt Current
DebtCurrent
15625000 usd
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
443000 usd
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
85000 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
13597000 usd
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
13191000 usd
CY2023Q3 us-gaap Liabilities
Liabilities
802502000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
700041000 usd
CY2023Q3 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
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2023Q3 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
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7097825 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7097825 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6674184 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6745128 shares
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
71000 usd
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
71000 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
62801000 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
63734000 usd
CY2023Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
423641 shares
CY2022Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
465693 shares
CY2023Q3 us-gaap Treasury Stock Value
TreasuryStockValue
5362000 usd
CY2022Q3 us-gaap Treasury Stock Value
TreasuryStockValue
5793000 usd
CY2023Q3 mgyr Unearned Esop Shares Cost
UnearnedEsopSharesCost
3097000 usd
CY2022Q3 mgyr Unearned Esop Shares Cost
UnearnedEsopSharesCost
3169000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
52166000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
45773000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1789000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2114000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
104790000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
98502000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
907292000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
798543000 usd
CY2023 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
35229000 usd
CY2022 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
27841000 usd
CY2023 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2642000 usd
CY2022 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1543000 usd
CY2023 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
58000 usd
CY2022 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
41000 usd
CY2023 mgyr Federal Home Loan Bank Of New York Stock
FederalHomeLoanBankOfNewYorkStock
139000 usd
CY2022 mgyr Federal Home Loan Bank Of New York Stock
FederalHomeLoanBankOfNewYorkStock
78000 usd
CY2023 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
38068000 usd
CY2022 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
29503000 usd
CY2023 us-gaap Interest Expense Deposits
InterestExpenseDeposits
9488000 usd
CY2022 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2070000 usd
CY2023 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
846000 usd
CY2022 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
414000 usd
CY2023 us-gaap Interest Expense
InterestExpense
10334000 usd
CY2022 us-gaap Interest Expense
InterestExpense
2484000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27734000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27019000 usd
CY2023 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
381000 usd
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
304000 usd
CY2023 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27353000 usd
CY2022 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26715000 usd
CY2023 mgyr Service Charge Income
ServiceChargeIncome
1592000 usd
CY2022 mgyr Service Charge Income
ServiceChargeIncome
1188000 usd
CY2023 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
370000 usd
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
372000 usd
CY2023 mgyr Interest Rate Swap Fees
InterestRateSwapFees
57000 usd
CY2022 mgyr Interest Rate Swap Fees
InterestRateSwapFees
76000 usd
CY2023 us-gaap Other Operating Income
OtherOperatingIncome
98000 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
87000 usd
CY2023 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
565000 usd
CY2022 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
925000 usd
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
67000 usd
CY2023 us-gaap Noninterest Income
NoninterestIncome
2682000 usd
CY2022 us-gaap Noninterest Income
NoninterestIncome
2715000 usd
CY2023 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
11134000 usd
CY2022 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
10484000 usd
CY2023 us-gaap Occupancy Net
OccupancyNet
3187000 usd
CY2022 us-gaap Occupancy Net
OccupancyNet
3016000 usd
CY2023 us-gaap Professional Fees
ProfessionalFees
755000 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
1062000 usd
CY2023 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
579000 usd
CY2022 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
556000 usd
CY2023 us-gaap Labor And Related Expense
LaborAndRelatedExpense
784000 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
546000 usd
CY2023 us-gaap Business Development
BusinessDevelopment
366000 usd
CY2022 us-gaap Business Development
BusinessDevelopment
447000 usd
CY2023 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
340000 usd
CY2022 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
215000 usd
CY2023 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2149000 usd
CY2022 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1935000 usd
CY2023 us-gaap Noninterest Expense
NoninterestExpense
19294000 usd
CY2022 us-gaap Noninterest Expense
NoninterestExpense
18261000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10741000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11169000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3032000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3250000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
7919000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.2
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.2
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6424796 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6781659 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6424796 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6781659 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
7919000 usd
CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-47000 usd
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1744000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-516000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-211000 usd
CY2023 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
469000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-1533000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
144000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-366000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
325000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1167000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8034000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6752000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
97641000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
7919000 usd
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
1427000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1167000 usd
CY2022 mgyr Purchase Of Treasury Stock Value
PurchaseOfTreasuryStockValue
-98000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
179000 usd
CY2022 mgyr Purchase Of Treasury Stock
PurchaseOfTreasuryStock
4551000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
6000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
98502000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.2
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
1315000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
325000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
122000 usd
CY2023 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
112996 shares
CY2023 mgyr Purchase Of Treasury Stock
PurchaseOfTreasuryStock
1217000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
664000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
104790000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
7919000 usd
CY2023 us-gaap Depreciation
Depreciation
840000 usd
CY2022 us-gaap Depreciation
Depreciation
839000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-137000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-191000 usd
CY2023 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
381000 usd
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
304000 usd
CY2023 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
6494000 usd
CY2022 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
9533000 usd
CY2023 mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
7059000 usd
CY2022 mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
10457000 usd
CY2023 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
565000 usd
CY2022 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
925000 usd
CY2022 mgyr Losses Gains On Sales Of Other Real Estate Owned
LossesGainsOnSalesOfOtherRealEstateOwned
67000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
9000 usd
CY2023 mgyr Esop Compensation Expense
EsopCompensationExpense
122000 usd
CY2022 mgyr Esop Compensation Expense
EsopCompensationExpense
179000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
664000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
6000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-615000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
152000 usd
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
859000 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-55000 usd
CY2023 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
370000 usd
CY2022 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
372000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
280000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1555000 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
358000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
406000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
3551000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8484000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11201000 usd
CY2023 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-56258000 usd
CY2022 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-37235000 usd
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
13350000 usd
CY2022 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
2389000 usd
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
4587000 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
41138000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1965000 usd
CY2023 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
10313000 usd
CY2022 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
7040000 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
970000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1875000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3000000 usd
CY2023 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
309000 usd
CY2022 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
387000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
19000 usd
CY2023 mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
47000 usd
CY2022 mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
12000 usd
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
434000 usd
CY2023 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
5820000 usd
CY2022 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
466000 usd
CY2023 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
4981000 usd
CY2022 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
757000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66053000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69743000 usd
CY2023 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
87720000 usd
CY2022 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
27919000 usd
CY2022 us-gaap Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
98000 usd
CY2023 mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
87000 usd
CY2022 mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
165000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
18631000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3000000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4741000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10731000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1315000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1427000 usd
CY2023 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
1217000 usd
CY2022 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
4551000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99165000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14277000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41596000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-44265000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72532000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30936000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
9977000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2485000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3255000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3140000 usd
CY2023Q3 mgyr Fhlb Stock Par Value Per Share
FhlbStockParValuePerShare
100
CY2023 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">7. <span style="text-decoration:underline">Revenue Recognition</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">The Company recognizes revenue in the consolidated statements of income as it is earned and when collectability is reasonably assured. The primary source of revenue is interest income from interest earning assets, which is recognized on the accrual basis of accounting using the effective interest method. The recognition of revenues from interest earning assets is based upon formulas from underlying loan agreements, securities contracts, or other similar contracts. Non-interest income is recognized on the accrual basis of accounting as services are provided or as transactions occur. Non-interest income includes earnings on bank-owned life insurance, deposit accounts, merchant services, ATM and debit card fees, mortgage banking activities, commercial loan prepayment penalties and other miscellaneous services and transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">The Company’s contracts with customers in the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, “<i>Revenue from Contracts with Customers</i>” are contracts for deposit accounts and contracts for non-deposit investment accounts through a third party service provider. Both types of contracts result in non-interest income being recognized. The revenue resulting from deposit accounts, which includes fees such as insufficient funds fees, wire transfer fees and out-of-network ATM transaction fees, is included as a component of service charges on the Consolidated Statements of Income. The revenue resulting from non-deposit investment accounts is included as a component of other operating income on the Consolidated Statements of Income. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">Revenue from contracts with customers included in service charges was $1.6 million and $1.2 million for the years ended September 30, 2023 and 2022, respectively.  Revenue from contracts with customers included in other operating income was $98,000 and $87,000 for the years ended September 30, 2023 and 2022, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">For our contracts with customers, we satisfy our performance obligations each day as services are rendered.  For our deposit account revenue, we receive payment on a daily basis as services are rendered and for our non-deposit investment account revenue, we receive payment on a monthly basis from our third party service provider as services are rendered.</p>
CY2023 mgyr Revenue From Contracts With Customers Included In Service Charges
RevenueFromContractsWithCustomersIncludedInServiceCharges
1600000 usd
CY2022 mgyr Revenue From Contracts With Customers Included In Service Charges
RevenueFromContractsWithCustomersIncludedInServiceCharges
1200000 usd
CY2023 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
98000 usd
CY2022 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
87000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2023 us-gaap Advertising Costs Policy Capitalized Direct Response Advertising
AdvertisingCostsPolicyCapitalizedDirectResponseAdvertising
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">11. <span style="text-decoration:underline">Advertising Costs</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">The Company expenses advertising costs as incurred.</p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
7919000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6424796 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6781659 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6424796 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6781659 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.2
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.2
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2023 mgyr Pension Plan Rate
PensionPlanRate
0.28 pure
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1481000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1446000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
308000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
668000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1789000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2114000 usd
CY2023Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.04
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07
CY2022Q3 mgyr Equity Compensation Shares
EquityCompensationShares
547400 shares
CY2023 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
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y11M23D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P8Y11M23D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
58640 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.58
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y11M23D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
156400 shares
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
32080 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
12.63
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
124320 shares
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2023 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
259000 usd
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
405000 usd
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
6000 usd
CY2023 mgyr Percentage Of Esop Trustees Purchased
PercentageOfESOPTrusteesPurchased
0.08 pure
CY2023 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
312800 shares
CY2023 us-gaap Stock Issued1
StockIssued1
3400000 usd
CY2023Q3 us-gaap Share Price
SharePrice
10.77
CY2023Q3 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.075 pure
CY2023Q3 mgyr Principal And Interest Payable Term
PrincipalAndInterestPayableTerm
P30Y
CY2023 mgyr Schedule Of Esop Shares
ScheduleOfEsopShares
The following table presents the components of the ESOP shares for the years ended September 30, 2023 and 2022:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif; margin-left: auto; margin-right: auto;"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%">Unreleased shares at September 30, 2021</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">304,377</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Shares released for allocation during the year ended September 30, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,427</td><td style="white-space: nowrap; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Shares purchased by ESOP trustee during the year ended September 30, 2022</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,423</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Unreleased shares at September 30, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">302,373</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Shares released for allocation during the year ended September 30, 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(12,060</td><td style="white-space: nowrap; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1pt">Shares purchased by ESOP trustee during the year ended September 30, 2023</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-111">—</div></td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Unreleased shares at September 30, 2023</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">290,313</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1pt">Total released shares</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">182,485</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 2.5pt">Total ESOP shares</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">472,798</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2021Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
304377 shares
CY2022 mgyr Shares Released For Allocation During The Year
SharesReleasedForAllocationDuringTheYear
-10427 shares
CY2022 mgyr Shares Purchased By Esop Trustee During Year
SharesPurchasedByEsopTrusteeDuringYear
8423 shares
CY2022Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
302373 shares
CY2023 mgyr Shares Released For Allocation During The Year
SharesReleasedForAllocationDuringTheYear
-12060 shares
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
290313 shares
CY2023Q3 mgyr Employee Stock Ownership Plan Released Shares
EmployeeStockOwnershipPlanReleasedShares
182485 shares
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
472798 shares
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
122000 usd
CY2022 us-gaap Contribution Of Property
ContributionOfProperty
179000 usd
CY2023Q3 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
3000000 usd
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares To Be Repurchased Next Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesToBeRepurchasedNextYear
100830 shares
CY2023Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.8
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
236316 shares
CY2023Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
337146 shares
CY2023Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
423641 shares
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
12090000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1965000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
10125000 usd
CY2023Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
85835000 usd
CY2023Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
12107000 usd
CY2023Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
73728000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
11147000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1918000 usd
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9229000 usd
CY2022Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
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
CY2023Q3 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P10Y
CY2023Q3 mgyr Pledged Asset Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
12000000 usd
CY2022Q3 mgyr Pledged Asset Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
37700000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
79 pure
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
7653000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
106000 usd
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
75984000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
13966000 usd
CY2023Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
83637000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
14072000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
80 pure
CY2022Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
39968000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
4139000 usd
CY2022Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
48896000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
9523000 usd
CY2022Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
88864000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
13662000 usd
CY2023Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
698206000 usd
CY2022Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
628904000 usd
CY2023Q3 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
-806000 usd
CY2022Q3 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
-628000 usd
CY2023 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
8330000 usd
CY2022 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
8433000 usd
CY2023Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
689070000 usd
CY2022Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
619843000 usd
CY2023Q3 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
5100000 usd
CY2022Q3 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
2300000 usd
CY2023 us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
2900000 usd
CY2022 us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
738000 usd
CY2023 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
142000 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
731000 usd
CY2023Q3 us-gaap Servicing Asset
ServicingAsset
48100000 usd
CY2022Q3 us-gaap Servicing Asset
ServicingAsset
43600000 usd
CY2023Q3 mgyr Mortgage Servicing Rights
MortgageServicingRights
28000 usd
CY2022Q3 mgyr Mortgage Servicing Rights
MortgageServicingRights
0 usd
CY2023Q3 mgyr Escrow Balance Held For Loans Serviced On Behalf Of Others
EscrowBalanceHeldForLoansServicedOnBehalfOfOthers
27000 usd
CY2022Q3 mgyr Escrow Balance Held For Loans Serviced On Behalf Of Others
EscrowBalanceHeldForLoansServicedOnBehalfOfOthers
27000 usd
CY2023Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
7621000 usd
CY2023Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7621000 usd
CY2023Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
7686000 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
CY2023 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5900000 usd
CY2022 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8100000 usd
CY2023 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
96000 usd
CY2022 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
135000 usd
CY2023 mgyr Commercial Relationships Description
CommercialRelationshipsDescription
Generally, the external consultant reviews commercial relationships greater than $500,000 and/or criticized relationships greater than $250,000.
CY2023Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
698206000 usd
CY2022Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
628904000 usd
CY2023Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
692291000 usd
CY2023Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
5915000 usd
CY2023Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
5084000 usd
CY2023Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
698206000 usd
CY2022Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
625208000 usd
CY2022Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
3696000 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
CY2023 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
309000 usd
CY2022 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
220000 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8433000 usd
CY2023 mgyr Chargeoffs
Chargeoffs
-488000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
4000 usd
CY2023 us-gaap Provision For Other Losses
ProvisionForOtherLosses
381000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8330000 usd
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8075000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
54000 usd
CY2022 us-gaap Provision For Other Losses
ProvisionForOtherLosses
304000 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8433000 usd
CY2023 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
106000 usd
CY2023 mgyr Number Of Loans
NumberOfLoans
1 pure
CY2023 mgyr Investment Before Tdr Modification
InvestmentBeforeTDRModification
97000 usd
CY2023 mgyr Investment After Tdr Modification
InvestmentAfterTDRModification
106000 usd
CY2023Q3 mgyr Loans Pledged As Collateral Against Federal Home Loan Bank Of New York Borrowings
LoansPledgedAsCollateralAgainstFederalHomeLoanBankOfNewYorkBorrowings
341600000 usd
CY2022Q3 mgyr Loans Pledged As Collateral Against Federal Home Loan Bank Of New York Borrowings
LoansPledgedAsCollateralAgainstFederalHomeLoanBankOfNewYorkBorrowings
181200000 usd
CY2022Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
222214000 usd
CY2023Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
92725000 usd
CY2022Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
69929000 usd
CY2023Q3 mgyr Retirement Deposits
RetirementDeposits
11943000 usd
CY2022Q3 mgyr Retirement Deposits
RetirementDeposits
12680000 usd
CY2023Q3 us-gaap Deposits
Deposits
755453000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29594000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29439000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16255000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15559000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13339000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13880000 usd
CY2023 us-gaap Depreciation Nonproduction
DepreciationNonproduction
840000 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
839000 usd
CY2023 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
328000 usd
CY2022 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
281000 usd
CY2023Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
188550000 usd
CY2022Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
182417000 usd
CY2023Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
62168000 usd
CY2022Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
81850000 usd
CY2023Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
115182000 usd
CY2022Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
98643000 usd
CY2023Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
284885000 usd
CY2022Q3 us-gaap Deposits
Deposits
667733000 usd
CY2023Q3 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2023Q3 mgyr Large Deposits
LargeDeposits
429900000 usd
CY2022Q3 mgyr Large Deposits
LargeDeposits
292400000 usd
CY2023Q3 mgyr Large C Ds
LargeCDs
5300000 usd
CY2022Q3 mgyr Large C Ds
LargeCDs
3600000 usd
CY2023 mgyr Schedule Of Contractual Maturities Of Certificates Of Deposit
ScheduleOfContractualMaturitiesOfCertificatesOfDeposit
At September 30, 2023, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands):<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif; margin-left: auto; margin-right: auto;"> <tr style="vertical-align: bottom"> <td style="text-decoration: underline; white-space: nowrap; text-align: center">Year Ending September 30,</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; text-align: center">2024</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">43,776</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,328</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,290</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,687</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,923</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-bottom: 1pt">2029 and after</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,664</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">104,668</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
43776000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
34328000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
6290000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
1687000 usd
CY2023Q3 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
14923000 usd
CY2023Q3 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
3664000 usd
CY2023Q3 us-gaap Time Deposits
TimeDeposits
104668000 usd
CY2023Q3 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
13800000 usd
CY2022Q3 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
6000000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0327 pure
CY2022Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0248 pure
CY2023Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
4384000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
3500000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
1631000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
6000000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromFourToFiveYearsOfBalanceSheetDate
14000000 usd
CY2023Q3 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
29515000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
122200000 usd
CY2022Q3 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
83200000 usd
CY2023 us-gaap Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
1283000 usd
CY2022 us-gaap Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
33000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Maximum Outstanding At Any Month End
FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd
16450000 usd
CY2022Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Maximum Outstanding At Any Month End
FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd
2450000 usd
CY2023 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate For Year
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateForYear
0.0465 pure
CY2022 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate For Year
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateForYear
0.0267 pure
CY2023 mgyr Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
6500000 usd
CY2023 mgyr Loans Sold Servicing Released
LoansSoldServicingReleased
0 usd
CY2022 mgyr Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
10500000 usd
CY2022 mgyr Loans Sold Servicing Released
LoansSoldServicingReleased
0 usd
CY2023Q3 mgyr Value Of Loans Sold Still Being Serviced
ValueOfLoansSoldStillBeingServiced
1900000 usd
CY2022Q3 mgyr Value Of Loans Sold Still Being Serviced
ValueOfLoansSoldStillBeingServiced
2100000 usd
CY2023Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
35500000 usd
CY2022Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
32000000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3647000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3163000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-615000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
87000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3032000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3250000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2256000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2339000 usd
CY2023 mgyr Effective Income Tax Reconciliation State Taxes
EffectiveIncomeTaxReconciliationStateTaxes
931000 usd
CY2022 mgyr Effective Income Tax Reconciliation State Taxes
EffectiveIncomeTaxReconciliationStateTaxes
922000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
90000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
87000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
58000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
37000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
54000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
11000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3000 usd
CY2023 mgyr Effective Income Tax Reconciliation Other Net
EffectiveIncomeTaxReconciliationOtherNet
-188000 usd
CY2022 mgyr Effective Income Tax Reconciliation Other Net
EffectiveIncomeTaxReconciliationOtherNet
36000 usd
CY2023 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
3032000 usd
CY2022 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
3250000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2342000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2369000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
483000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
472000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
287000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
244000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
132000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
288000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
265000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
11000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
72000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
88000 usd
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3592000 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3461000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
588000 usd
CY2022Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
816000 usd
CY2022Q3 mgyr Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefits
122000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
8000 usd
CY2023Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
596000 usd
CY2022Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
938000 usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2996000 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2523000 usd
CY2023Q3 mgyr Defined Benefit Plan Investment Goals Equity
DefinedBenefitPlanInvestmentGoalsEquity
0.65 pure
CY2023Q3 mgyr Defined Benefit Plan Investment Goals Debt
DefinedBenefitPlanInvestmentGoalsDebt
0.35 pure
CY2023 mgyr Defined Benefit Plan Investment Goals Guidelines
DefinedBenefitPlanInvestmentGoalsGuidelines
Asset rebalancing is performed at least annually, with interim adjustments made when the investment mix varies more than 5% from the target (i.e., a 10% target range).
CY2023Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3495000 usd
CY2022Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3735000 usd
CY2022Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3735000 usd
CY2021Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
4926000 usd
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
190000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
144000 usd
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
181000 usd
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
1071000 usd
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
249000 usd
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
264000 usd
CY2023Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3495000 usd
CY2022Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3735000 usd
CY2022Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3886000 usd
CY2021Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
4871000 usd
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
438000 usd
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-721000 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
249000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
264000 usd
CY2023Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
4075000 usd
CY2022Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3886000 usd
CY2023Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
580000 usd
CY2022Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
151000 usd
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0525 pure
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.03 pure
CY2023Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0575 pure
CY2022Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0525 pure
CY2023Q3 mgyr Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Inflation Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationInflationRate
0.025 pure
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.06 pure
CY2023 mgyr Risk Weighted Assets Ratio Precentage
RiskWeightedAssetsRatioPrecentage
0.045 pure
CY2023Q3 mgyr Capital To Risk Weighted Asset
CapitalToRiskWeightedAsset
0.06 pure
CY2023Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1 pure
CY2022Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1 pure
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
275000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
273000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
272000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
270000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
268000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
1258000 usd
CY2023Q3 mgyr Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
2616000 usd
CY2023Q3 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
440000 usd
CY2022Q3 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
956000 usd
CY2023Q3 mgyr Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax
132000 usd
CY2022Q3 mgyr Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax
288000 usd
CY2023Q3 us-gaap Investments
Investments
4075000 usd
CY2022Q3 us-gaap Investments
Investments
3886000 usd
CY2023 mgyr Board And Committee Fees Description
BoardAndCommitteeFeesDescription
The amount will be 10% plus 2 1/2% for each year of service as a Director, with a minimum of 50%, provided the Director has served for at least five years, and a maximum of 60%. The maximum benefit increases for any Director serving as Chairman of the Board for at least five years to 75%.
CY2023Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
18000000 usd
CY2022Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
17700000 usd
CY2023 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
375000 usd
CY2022 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
424000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
828000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
630000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
257000 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
271000 usd
CY2023Q3 mgyr Operating Lease Right Of Use Asset Statements Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementsOfFinancialPositionExtensibleList
2687000 usd
CY2022Q3 mgyr Operating Lease Right Of Use Asset Statements Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementsOfFinancialPositionExtensibleList
3292000 usd
CY2023Q3 mgyr Operating Lease Liability Statements Of Financial Position Extensible List
OperatingLeaseLiabilityStatementsOfFinancialPositionExtensibleList
2944000 usd
CY2022Q3 mgyr Operating Lease Liability Statements Of Financial Position Extensible List
OperatingLeaseLiabilityStatementsOfFinancialPositionExtensibleList
3605000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2023Q3 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
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
747000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
523000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
455000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
334000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
300000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
899000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3258000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
314000 usd
CY2023Q3 mgyr Operating Lease Liability Statements Of Financial Position Extensible List
OperatingLeaseLiabilityStatementsOfFinancialPositionExtensibleList
2944000 usd
CY2023 mgyr Rental Expense
RentalExpense
809000 usd
CY2022 mgyr Rental Expense
RentalExpense
807000 usd
CY2023 mgyr Minimum Leverage Ratio
MinimumLeverageRatio
0.04 pure
CY2023 mgyr Total Capital To Risk Weighted Assets
TotalCapitalToRiskWeightedAssets
0.08 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
CY2023 mgyr Shares Purchased By Esop Trustee During Year
SharesPurchasedByEsopTrusteeDuringYear
shares
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
usd
CY2023Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
121056000 usd
CY2022Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
127028000 usd
CY2023Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2579000 usd
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
12704000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2579000 usd
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2579000 usd
CY2022Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2487000 usd
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
11716000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2487000 usd
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2487000 usd
CY2023 mgyr Capital Ratio Descrpition
CapitalRatioDescrpition
The regulatory banking rules also require a “capital conservation buffer” of 2.5% above the new regulatory minimum capital ratios, and resulted in the following minimum ratios: (i) a common equity Tier 1 capital ratio of 7.0%; (ii) a Tier 1 capital ratio of 8.5%; and (iii) a total capital ratio of 10.5%. An institution will be subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations established a maximum percentage of eligible retained income that could be utilized for such actions.
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
usd
CY2023 mgyr Losses Gains On Sales Of Other Real Estate Owned
LossesGainsOnSalesOfOtherRealEstateOwned
usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
usd
CY2022 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
usd
CY2023 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
usd
CY2023 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
usd
CY2023 us-gaap Origination Of Loan To Purchase Common Stock
OriginationOfLoanToPurchaseCommonStock
usd
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2023 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
CY2023 mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Total Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValueGranted
usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2023 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2023 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Forfeited Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsForfeitedWeightedAverageRemainingContractualTerm
CY2023 mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Forfeiture In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitureInPeriodTotalIntrinsicValue
usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2023 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Expired Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExpiredWeightedAverageRemainingContractualTerm
CY2023 mgyr Sharebased Compensation Arrangement By Sharebased Payment Expired Aggregate Intrinsic Value
SharebasedCompensationArrangementBySharebasedPaymentExpiredAggregateIntrinsicValue
usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
shares
CY2023Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
usd
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
usd
CY2023Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
usd
CY2023Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
usd
CY2022 mgyr Chargeoffs
Chargeoffs
usd
CY2022 mgyr Number Of Loans
NumberOfLoans
pure
CY2022 mgyr Investment Before Tdr Modification
InvestmentBeforeTDRModification
usd
CY2022 mgyr Investment After Tdr Modification
InvestmentAfterTDRModification
usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterFiveYearsOfBalanceSheetDate
usd
CY2023Q3 mgyr Federal Home Loan Bank Advances Short Term Balance
FederalHomeLoanBankAdvancesShortTermBalance
usd
CY2022Q3 mgyr Federal Home Loan Bank Advances Short Term Balance
FederalHomeLoanBankAdvancesShortTermBalance
usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
usd
CY2023Q3 mgyr Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefits
usd
CY2022Q3 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001337068

Files In Submission

Name View Source Status
0001174947-23-001465-index-headers.html Edgar Link pending
0001174947-23-001465-index.html Edgar Link pending
0001174947-23-001465.txt Edgar Link pending
0001174947-23-001465-xbrl.zip Edgar Link pending
ex23-1.htm Edgar Link pending
ex23-2.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgyr-20230930.htm Edgar Link pending
mgyr-20230930.xsd Edgar Link pending
mgyr-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
mgyr-20230930_def.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
mgyr-20230930_pre.xml Edgar Link unprocessable
mgyr-20230930_htm.xml Edgar Link completed
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
mgyr-20230930_lab.xml Edgar Link unprocessable