2024 Q1 Form 10-Q Financial Statement

#000117494724000217 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2022 Q4
Revenue $11.92M $11.56M $8.501M
YoY Change 29.93% 35.95% 21.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $223.0K $217.0K $208.0K
YoY Change 7.73% 4.33% -0.48%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.997M $4.313M $1.610M
YoY Change 124.28% 167.89% 182.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.423M $2.352M $2.590M
YoY Change -6.3% -9.19% 9.42%
Income Tax $526.0K $700.0K $780.0K
% Of Pretax Income 21.71% 29.76% 30.12%
Net Earnings $1.897M $1.652M $1.810M
YoY Change 5.62% -8.73% 6.91%
Net Earnings / Revenue 15.91% 14.29% 21.29%
Basic Earnings Per Share $0.30 $0.26 $0.28
Diluted Earnings Per Share $0.30 $0.26 $0.28
COMMON SHARES
Basic Shares Outstanding 6.654M shares 6.658M shares 6.743M shares
Diluted Shares Outstanding 6.372M shares 6.387M shares 6.459M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $49.99M $51.12M $7.878M
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 $12.44M $12.53M $13.68M
YoY Change -8.59% -8.4% -23.56%
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 $928.6M $916.7M $821.6M
YoY Change 10.56% 11.58% 5.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.62M $14.13M $9.092M
YoY Change -7.97% 55.44% 56.76%
Accrued Expenses $3.440M
YoY Change -16.1%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.62M $14.13M $12.53M
YoY Change -7.97% 12.78% 26.59%
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 $12.62M $14.13M $12.53M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $820.9M $810.2M $721.7M
YoY Change 11.13% 12.26% 5.79%
SHAREHOLDERS EQUITY
Retained Earnings $55.03M $53.46M $46.84M
YoY Change 13.56% 14.13%
Common Stock $71.00K $71.00K $64.00M
YoY Change -99.89% -99.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.162M $5.554M $5.820M
YoY Change -5.26% -4.57%
Treasury Stock Shares 467.9K shares
Shareholders Equity $107.6M $106.5M $99.92M
YoY Change
Total Liabilities & Shareholders Equity $928.6M $916.7M $821.6M
YoY Change 10.56% 11.58% 5.24%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2022 Q4
OPERATING ACTIVITIES
Net Income $1.897M $1.652M $1.810M
YoY Change 5.62% -8.73% 6.91%
Depreciation, Depletion And Amortization $223.0K $217.0K $208.0K
YoY Change 7.73% 4.33% -0.48%
Cash From Operating Activities $553.0K $3.224M $1.335M
YoY Change -80.77% 141.5% -42.85%
INVESTING ACTIVITIES
Capital Expenditures $125.0K $128.0K $10.00K
YoY Change -3.85% 1180.0% -112.5%
Acquisitions
YoY Change
Other Investing Activities -$12.86M -$31.21M -$46.02M
YoY Change 11180.7% -32.19% 26972.35%
Cash From Investing Activities -$12.99M -$31.34M -$46.03M
YoY Change 5221.72% -31.93% 18313.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.409M
YoY Change
Cash From Financing Activities 11.30M $6.697M $21.64M
YoY Change -24.25% -69.05% 334.19%
NET CHANGE
Cash From Operating Activities 553.0K $3.224M $1.335M
Cash From Investing Activities -12.99M -$31.34M -$46.03M
Cash From Financing Activities 11.30M $6.697M $21.64M
Net Change In Cash -1.128M -$21.42M -$23.06M
YoY Change -106.43% -7.13% -426.14%
FREE CASH FLOW
Cash From Operating Activities $553.0K $3.224M $1.335M
Capital Expenditures $125.0K $128.0K $10.00K
Free Cash Flow $428.0K $3.096M $1.325M
YoY Change -84.41% 133.66% -45.16%

Facts In Submission

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
180000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
99918000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
1652000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
1810000 usd
CY2023Q4 us-gaap Depreciation
Depreciation
217000 usd
CY2022Q4 us-gaap Depreciation
Depreciation
208000 usd
CY2023Q4 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-20000 usd
CY2022Q4 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-43000 usd
CY2023Q4 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
481000 usd
CY2022Q4 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
317000 usd
CY2023Q4 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
1613000 usd
CY2022Q4 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
1825000 usd
CY2023Q4 mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
1741000 usd
CY2022Q4 mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
2005000 usd
CY2023Q4 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
129000 usd
CY2022Q4 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
180000 usd
CY2023Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
60000 usd
CY2023Q4 mgyr Esop Compensation Expense
EsopCompensationExpense
50000 usd
CY2022Q4 mgyr Esop Compensation Expense
EsopCompensationExpense
41000 usd
CY2023Q4 us-gaap Share Based Compensation
ShareBasedCompensation
161000 usd
CY2022Q4 us-gaap Share Based Compensation
ShareBasedCompensation
180000 usd
CY2023Q4 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
221000 usd
CY2022Q4 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-237000 usd
CY2023Q4 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
248000 usd
CY2022Q4 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
348000 usd
CY2023Q4 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
95000 usd
CY2022Q4 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
95000 usd
CY2023Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-733000 usd
CY2022Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-160000 usd
CY2023Q4 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
213000 usd
CY2022Q4 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
77000 usd
CY2023Q4 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-120000 usd
CY2022Q4 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-821000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3224000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1335000 usd
CY2023Q4 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-31934000 usd
CY2022Q4 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-46554000 usd
CY2023Q4 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
2000000 usd
CY2023Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1953000 usd
CY2023Q4 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
3487000 usd
CY2022Q4 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
992000 usd
CY2023Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
384000 usd
CY2022Q4 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
209000 usd
CY2023Q4 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
128000 usd
CY2022Q4 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
10000 usd
CY2023Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
776000 usd
CY2022Q4 mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
11000 usd
CY2023Q4 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
76000 usd
CY2022Q4 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
2582000 usd
CY2023Q4 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
108000 usd
CY2022Q4 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
1923000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31336000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46033000 usd
CY2023Q4 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
8095000 usd
CY2022Q4 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
8350000 usd
CY2023Q4 mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
229000 usd
CY2022Q4 mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
-39000 usd
CY2023Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1690000 usd
CY2022Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3000000 usd
CY2023Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2409000 usd
CY2022Q4 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
11100000 usd
CY2023Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
716000 usd
CY2022Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
744000 usd
CY2023Q4 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
192000 usd
CY2022Q4 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
27000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6697000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21640000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21415000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23058000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51117000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7878000 usd
CY2023Q4 us-gaap Interest Paid Net
InterestPaidNet
4100000 usd
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
1533000 usd
CY2023Q4 mgyr Adoption Of Accounting Standards Update
AdoptionOfAccountingStandardsUpdate
354000 usd
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.51
CY2023Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
217084 shares
CY2023Q4 us-gaap Cumulative Earnings Deficit
CumulativeEarningsDeficit
492000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
346000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
4300000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
1652000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
1810000 usd
CY2023Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
337146 shares
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
442873 shares
CY2021 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
312800 shares
CY2021 us-gaap Stock Issued1
StockIssued1
3400000 usd
CY2021Q3 us-gaap Share Price
SharePrice
10.77
CY2021Q3 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0325 pure
CY2021Q3 mgyr Principal And Interest Payable Term
PrincipalAndInterestPayableTerm
P30Y
CY2023Q3 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
170335 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6387010 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6456525 shares
CY2022Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2921 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6387010 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6459446 shares
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
293200 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2022Q3 mgyr Equity Compensation Shares
EquityCompensationShares
547400 shares
CY2023Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
293200 shares
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
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y11M23D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P8Y8M23D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
58640 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.58
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y8M23D
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
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
124320 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2023Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
63000 usd
CY2023Q4 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
98000 usd
CY2022Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
69000 usd
CY2022Q4 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
111000 usd
CY2023Q4 mgyr Unvested Stock Options And Stock Awards
UnvestedStockOptionsAndStockAwards
2400000 usd
CY2022Q4 mgyr Percentage Of Repurchase Additional
PercentageOfRepurchaseAdditional
0.05 pure
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
120062 shares
CY2023Q3 us-gaap Shares Held In Employee Stock Option Plan Suspense Shares
SharesHeldInEmployeeStockOptionPlanSuspenseShares
290313 shares
CY2023Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3300000 usd
CY2023Q4 us-gaap Contribution Of Property
ContributionOfProperty
50000 usd
CY2022Q4 us-gaap Contribution Of Property
ContributionOfProperty
41000 usd
CY2023Q4 mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
584000 usd
CY2023Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
144000 usd
CY2023Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
440000 usd
CY2022Q4 mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
206000 usd
CY2022Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
50000 usd
CY2022Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
156000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
584000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
144000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
440000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
206000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
50000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
156000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
12273000 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1961000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
14234000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1961000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1961000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
10125000 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
CY2023Q4 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
729494000 usd
CY2023Q4 mgyr Pledged Asset Separately Reported Securities Pledged For Repurchase Agreements At Fair Value
PledgedAssetSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue
12200000 usd
CY2023Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
9903000 usd
CY2023Q4 mgyr Investment Securities Gross Unrealized Losses
InvestmentSecuritiesGrossUnrealizedLosses
1420000 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
83637000 usd
CY2023Q3 mgyr Investment Securities Gross Unrealized Losses
InvestmentSecuritiesGrossUnrealizedLosses
14072000 usd
CY2023Q3 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
698206000 usd
CY2023Q4 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
-934000 usd
CY2023Q3 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
-806000 usd
CY2023Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
728560000 usd
CY2023Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
697400000 usd
CY2023Q4 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 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
698206000 usd
CY2023Q4 mgyr Loans Receivable Current
LoansReceivableCurrent
721904000 usd
CY2023Q4 mgyr Loans Receivable Past Due
LoansReceivablePastDue
729494000 usd
CY2023Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
692291000 usd
CY2023Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
698206000 usd
CY2023Q4 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
152000 usd
CY2023Q4 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
2225000 usd
CY2023Q4 mgyr Interest And Fee Income Loans Commercial Land
InterestAndFeeIncomeLoansCommercialLand
2474000 usd
CY2023Q4 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
4851000 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
CY2023Q4 mgyr Impaired Loans And Interest Income
ImpairedLoansAndInterestIncome
5754000 usd
CY2023Q4 mgyr Interest Income Recognized On An Accrual Basis On Impaired Loans
InterestIncomeRecognizedOnAnAccrualBasisOnImpairedLoans
35000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8330000 usd
CY2023Q4 mgyr Effect Of Adopting
EffectOfAdopting
-1032000 usd
CY2023Q4 us-gaap Provision For Other Losses
ProvisionForOtherLosses
385000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7683000 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8433000 usd
CY2022Q4 us-gaap Provision For Other Losses
ProvisionForOtherLosses
317000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8750000 usd
CY2022Q4 mgyr Number Of Loans
NumberOfLoans
1 pure
CY2022Q4 mgyr Investment Before Tdr Modification
InvestmentBeforeTDRModification
97000 usd
CY2022Q4 mgyr Investment After Tdr Modification
InvestmentAfterTDRModification
107000 usd
CY2023Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
164453000 usd
CY2023Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
188550000 usd
CY2023Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
60008000 usd
CY2023Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
62168000 usd
CY2023Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
119738000 usd
CY2023Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
115182000 usd
CY2023Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
306886000 usd
CY2023Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
284885000 usd
CY2023Q4 mgyr Certificates Of Deposit
CertificatesOfDeposit
100547000 usd
CY2023Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
92725000 usd
CY2023Q4 mgyr Retirement Deposits
RetirementDeposits
11916000 usd
CY2023Q3 mgyr Retirement Deposits
RetirementDeposits
11943000 usd
CY2023Q4 us-gaap Deposits
Deposits
763548000 usd
CY2023Q3 us-gaap Deposits
Deposits
755453000 usd
CY2023Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
15500000 usd
CY2023Q3 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
13800000 usd
CY2023Q4 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2023Q3 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2023Q3 mgyr Large Deposits
LargeDeposits
429900000 usd
CY2023Q4 us-gaap Collateralized Financings
CollateralizedFinancings
120200000 usd
CY2023Q3 us-gaap Collateralized Financings
CollateralizedFinancings
109300000 usd
CY2023Q4 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
117010000 usd
CY2023Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
121056000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
540000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
637000 usd
CY2023Q3 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
0 usd
CY2022Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2022Q4 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
usd
CY2022Q4 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
usd
CY2022Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
usd
CY2023Q4 mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
usd
CY2022Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
usd
CY2023Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022Q4 mgyr Adoption Of Accounting Standards Update
AdoptionOfAccountingStandardsUpdate
usd
CY2023Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2023Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2023Q4 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
CY2023Q4 mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Total Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValueGranted
usd
CY2023Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2023Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2023Q4 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2023Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2023Q4 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Forfeited Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsForfeitedWeightedAverageRemainingContractualTerm
CY2023Q4 mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Forfeiture In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitureInPeriodTotalIntrinsicValue
usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2023Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2023Q4 mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Expired Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExpiredWeightedAverageRemainingContractualTerm
CY2023Q4 mgyr Sharebased Compensation Arrangement By Sharebased Payment Expired Aggregate Intrinsic Value
SharebasedCompensationArrangementBySharebasedPaymentExpiredAggregateIntrinsicValue
usd
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
usd
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
shares
CY2023Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
usd
CY2023Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
usd
CY2023Q4 mgyr Chargeoffs
Chargeoffs
usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
usd
CY2022Q4 mgyr Chargeoffs
Chargeoffs
usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
usd
CY2023Q4 dei Amendment Flag
AmendmentFlag
false
CY2023Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2023Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q4 dei Entity Central Index Key
EntityCentralIndexKey
0001337068

Files In Submission

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0001174947-24-000217-index.html Edgar Link pending
0001174947-24-000217.txt Edgar Link pending
0001174947-24-000217-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
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ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgyr-20231231.htm Edgar Link pending
mgyr-20231231.xsd Edgar Link pending
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mgyr-20231231_cal.xml Edgar Link unprocessable
mgyr-20231231_def.xml Edgar Link unprocessable
mgyr-20231231_lab.xml Edgar Link unprocessable
mgyr-20231231_pre.xml Edgar Link unprocessable
mgyr-20231231_htm.xml Edgar Link completed
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