$MGYR
Magyar Bancorp, Inc. Stock $mgyr

$mgyr Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000117494724000737 Filed on May 13, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$12.33M	$11.92M
YoY Change	26.08%	29.93%
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	$223.0K
YoY Change	6.19%	7.73%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense		$4.997M
YoY Change		124.28%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$2.192M	$2.423M
YoY Change	-18.99%	-6.3%
Income Tax	$501.0K	$526.0K
% Of Pretax Income	22.86%	21.71%
Net Earnings	$1.691M	$1.897M
YoY Change	-11.84%	5.62%
Net Earnings / Revenue	13.72%	15.91%
Basic Earnings Per Share	$0.27	$0.30
Diluted Earnings Per Share	$0.27	$0.30
COMMON SHARES
Basic Shares Outstanding	6.594M shares	6.654M shares
Diluted Shares Outstanding	6.337M shares	6.372M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$53.07M
YoY Change
Cash & Equivalents	$49.05M	$49.99M
Short-Term Investments	$4.024M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$12.35M	$12.44M
YoY Change	-8.37%	-8.59%
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	$944.4M	$928.6M
YoY Change	10.14%	10.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.57M	$12.62M
YoY Change	6.52%	-7.97%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$12.57M	$12.62M
YoY Change	6.52%	-7.97%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.57M	$12.62M
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$835.3M	$820.9M
YoY Change	10.68%	11.13%
SHAREHOLDERS EQUITY
Retained Earnings	$56.40M	$55.03M
YoY Change	12.39%	13.56%
Common Stock	$71.00K	$71.00K
YoY Change	0.0%	-99.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$6.315M	$6.162M
YoY Change	15.28%	-5.26%
Treasury Stock Shares
Shareholders Equity	$109.0M	$107.6M
YoY Change
Total Liabilities & Shareholders Equity	$944.4M	$928.6M
YoY Change	10.14%	10.56%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$1.691M	$1.897M
YoY Change	-11.84%	5.62%
Depreciation, Depletion And Amortization	$223.0K	$223.0K
YoY Change	6.19%	7.73%
Cash From Operating Activities	$1.686M	$553.0K
YoY Change	395.88%	-80.77%
INVESTING ACTIVITIES
Capital Expenditures	$141.0K	$125.0K
YoY Change	41.0%	-3.85%
Acquisitions
YoY Change
Other Investing Activities	-$16.46M	-$12.86M
YoY Change	-20.88%	11180.7%
Cash From Investing Activities	-$16.60M	-$12.99M
YoY Change	-20.59%	5221.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	13.97M	11.30M
YoY Change	-20.31%	-24.25%
NET CHANGE
Cash From Operating Activities	1.686M	553.0K
Cash From Investing Activities	-16.60M	-12.99M
Cash From Financing Activities	13.97M	11.30M
Net Change In Cash	-942.0K	-1.128M
YoY Change	-68.91%	-106.43%
FREE CASH FLOW
Cash From Operating Activities	$1.686M	$553.0K
Capital Expenditures	$141.0K	$125.0K
Free Cash Flow	$1.545M	$428.0K
YoY Change	543.75%	-84.41%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity File Number EntityFileNumber	000-51726
CY2024Q1	mgyr	Interest Rate Swap Fees InterestRateSwapFees		usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		usd
	dei	Entity Address City Or Town EntityAddressCityOrTown	New Brunswick
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NJ
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	08901
	dei	City Area Code CityAreaCode	(732)
	dei	Local Phone Number LocalPhoneNumber	342-7600
	dei	Security12b Title Security12bTitle	Common Stock, $.01 per share
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Registrant Name EntityRegistrantName	Magyar Bancorp, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-4154978
	dei	Entity Address Address Line1 EntityAddressAddressLine1	400 Somerset Street
	dei	Trading Symbol TradingSymbol	MGYR
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6593860	shares
CY2024Q1	us-gaap	Cash Cash	3413000	usd
CY2023Q3	us-gaap	Cash Cash	3179000	usd
CY2024Q1	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	46576000	usd
CY2023Q3	us-gaap	Interest Bearing Deposits In Banks InterestBearingDepositsInBanks	69353000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	49989000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	72532000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	11913000	usd
CY2023Q3	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	10125000	usd
CY2024Q1	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	74104000	usd
CY2023Q3	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	73728000	usd
CY2024Q1	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	83438000	usd
CY2023Q3	us-gaap	Held To Maturity Securities HeldToMaturitySecurities	85835000	usd
CY2024Q1	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	2272000	usd
CY2023Q3	us-gaap	Federal Home Loan Bank Stock FederalHomeLoanBankStock	2286000	usd
CY2024Q1	us-gaap	Long Term Accounts Notes And Loans Receivable Net Noncurrent LongTermAccountsNotesAndLoansReceivableNetNoncurrent	741712000	usd
CY2023Q3	us-gaap	Long Term Accounts Notes And Loans Receivable Net Noncurrent LongTermAccountsNotesAndLoansReceivableNetNoncurrent	697400000	usd
CY2024Q1	us-gaap	Debt Securities Held To Maturity Allowance For Credit Loss Current DebtSecuritiesHeldToMaturityAllowanceForCreditLossCurrent	7694000	usd
CY2023Q3	us-gaap	Debt Securities Held To Maturity Allowance For Credit Loss Current DebtSecuritiesHeldToMaturityAllowanceForCreditLossCurrent	8330000	usd
CY2024Q1	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	18217000	usd
CY2023Q3	us-gaap	Bank Owned Life Insurance BankOwnedLifeInsurance	18030000	usd
CY2024Q1	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	4752000	usd
CY2023Q3	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	4337000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12436000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13339000	usd
CY2024Q1	us-gaap	Other Real Estate OtherRealEstate	1170000	usd
CY2023Q3	us-gaap	Other Real Estate OtherRealEstate	328000	usd
CY2024Q1	us-gaap	Other Assets OtherAssets	10359000	usd
CY2023Q3	us-gaap	Other Assets OtherAssets	11410000	usd
CY2024Q1	us-gaap	Assets Assets	928564000	usd
CY2023Q3	us-gaap	Assets Assets	907292000	usd
CY2024Q1	us-gaap	Deposits Deposits	774888000	usd
CY2023Q3	us-gaap	Deposits Deposits	755453000	usd
CY2024Q1	us-gaap	Other Liabilities OtherLiabilities	4621000	usd
CY2023Q3	us-gaap	Other Liabilities OtherLiabilities	3494000	usd
CY2024Q1	us-gaap	Debt Current DebtCurrent	28796000	usd
CY2023Q3	us-gaap	Debt Current DebtCurrent	29515000	usd
CY2024Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	689000	usd
CY2023Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	443000	usd
CY2024Q1	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	11935000	usd
CY2023Q3	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	13597000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	820929000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	802502000	usd
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	14000000	shares
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	14000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7097825	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6602439	shares
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6674184	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	71000	usd
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	71000	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	63133000	usd
CY2023Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	62801000	usd
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	495386	shares
CY2023Q3	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	423641	shares
CY2024Q1	us-gaap	Treasury Stock Value TreasuryStockValue	6162000	usd
CY2023Q3	us-gaap	Treasury Stock Value TreasuryStockValue	5362000	usd
CY2024Q1	mgyr	Unearned Esop Shares Cost UnearnedEsopSharesCost	3022000	usd
CY2023Q3	mgyr	Unearned Esop Shares Cost UnearnedEsopSharesCost	3097000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	55027000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	52166000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1412000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1789000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	107635000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	104790000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	928564000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	907292000	usd
CY2024Q1	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	10540000	usd
CY2023Q1	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	8618000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	20622000	usd
	us-gaap	Interest And Fee Income Loans And Leases InterestAndFeeIncomeLoansAndLeases	16577000	usd
CY2024Q1	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	1310000	usd
CY2023Q1	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	512000	usd
	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	2716000	usd
	us-gaap	Interest Income Securities Taxable InterestIncomeSecuritiesTaxable	1015000	usd
CY2024Q1	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	14000	usd
CY2023Q1	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	14000	usd
	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	29000	usd
	us-gaap	Interest Income Securities Tax Exempt InterestIncomeSecuritiesTaxExempt	29000	usd
CY2024Q1	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	56000	usd
CY2023Q1	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	30000	usd
	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	111000	usd
	mgyr	Federal Home Loan Bank Of New York Stock FederalHomeLoanBankOfNewYorkStock	55000	usd
CY2024Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	11920000	usd
CY2023Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	9174000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	23478000	usd
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	17676000	usd
CY2024Q1	us-gaap	Interest Expense Deposits InterestExpenseDeposits	4775000	usd
CY2023Q1	us-gaap	Interest Expense Deposits InterestExpenseDeposits	2009000	usd
	us-gaap	Interest Expense Deposits InterestExpenseDeposits	8853000	usd
	us-gaap	Interest Expense Deposits InterestExpenseDeposits	3483000	usd
CY2024Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	222000	usd
CY2023Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	219000	usd
	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	457000	usd
	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	355000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	4997000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	2228000	usd
	us-gaap	Interest Expense InterestExpense	9310000	usd
	us-gaap	Interest Expense InterestExpense	3838000	usd
CY2024Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6923000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6946000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	14168000	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	13838000	usd
CY2024Q1	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	-74000	usd
CY2023Q1	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	195000	usd
	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	407000	usd
	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	513000	usd
CY2024Q1	mgyr	Provision For Credit Losses Commitments ProvisionForCreditLossesCommitments	88000	usd
	mgyr	Provision For Credit Losses Commitments ProvisionForCreditLossesCommitments	88000	usd
CY2024Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	14000	usd
CY2023Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	195000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	495000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	513000	usd
CY2024Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6909000	usd
CY2023Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	6751000	usd
	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	13673000	usd
	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	13325000	usd
CY2024Q1	mgyr	Service Charge Income ServiceChargeIncome	294000	usd
CY2023Q1	mgyr	Service Charge Income ServiceChargeIncome	320000	usd
	mgyr	Service Charge Income ServiceChargeIncome	597000	usd
	mgyr	Service Charge Income ServiceChargeIncome	565000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	213000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	201000	usd
	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	342000	usd
	us-gaap	Gain Loss On Sale Of Loans And Leases GainLossOnSaleOfLoansAndLeases	381000	usd
CY2024Q1	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	91000	usd
CY2023Q1	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	90000	usd
	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	186000	usd
	us-gaap	Bank Owned Life Insurance Income BankOwnedLifeInsuranceIncome	185000	usd
	mgyr	Interest Rate Swap Fees InterestRateSwapFees	57000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	60000	usd
CY2024Q1	us-gaap	Other Operating Income OtherOperatingIncome	24000	usd
CY2023Q1	us-gaap	Other Operating Income OtherOperatingIncome	20000	usd
	us-gaap	Other Operating Income OtherOperatingIncome	46000	usd
	us-gaap	Other Operating Income OtherOperatingIncome	41000	usd
CY2024Q1	us-gaap	Noninterest Income NoninterestIncome	622000	usd
CY2023Q1	us-gaap	Noninterest Income NoninterestIncome	631000	usd
	us-gaap	Noninterest Income NoninterestIncome	1231000	usd
	us-gaap	Noninterest Income NoninterestIncome	1229000	usd
CY2024Q1	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	3008000	usd
CY2023Q1	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	2774000	usd
	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	5855000	usd
	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	5396000	usd
CY2024Q1	us-gaap	Occupancy Net OccupancyNet	803000	usd
CY2023Q1	us-gaap	Occupancy Net OccupancyNet	792000	usd
	us-gaap	Occupancy Net OccupancyNet	1593000	usd
	us-gaap	Occupancy Net OccupancyNet	1553000	usd
CY2024Q1	us-gaap	Professional Fees ProfessionalFees	178000	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	205000	usd
	us-gaap	Professional Fees ProfessionalFees	404000	usd
	us-gaap	Professional Fees ProfessionalFees	384000	usd
CY2024Q1	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	147000	usd
CY2023Q1	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	149000	usd
	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	287000	usd
	us-gaap	Information Technology And Data Processing InformationTechnologyAndDataProcessing	295000	usd
CY2024Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	207000	usd
CY2023Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	209000	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	431000	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	410000	usd
CY2024Q1	us-gaap	Business Development BusinessDevelopment	98000	usd
CY2023Q1	us-gaap	Business Development BusinessDevelopment	117000	usd
	us-gaap	Business Development BusinessDevelopment	195000	usd
	us-gaap	Business Development BusinessDevelopment	243000	usd
CY2024Q1	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	105000	usd
CY2023Q1	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	94000	usd
	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	209000	usd
	us-gaap	Federal Deposit Insurance Corporation Premium Expense FederalDepositInsuranceCorporationPremiumExpense	148000	usd
CY2024Q1	us-gaap	Other Noninterest Expense OtherNoninterestExpense	562000	usd
CY2023Q1	us-gaap	Other Noninterest Expense OtherNoninterestExpense	456000	usd
	us-gaap	Other Noninterest Expense OtherNoninterestExpense	1156000	usd
	us-gaap	Other Noninterest Expense OtherNoninterestExpense	950000	usd
CY2024Q1	us-gaap	Noninterest Expense NoninterestExpense	5108000	usd
CY2023Q1	us-gaap	Noninterest Expense NoninterestExpense	4796000	usd
	us-gaap	Noninterest Expense NoninterestExpense	10130000	usd
	us-gaap	Noninterest Expense NoninterestExpense	9379000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2423000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2586000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4774000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5175000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	526000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	790000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1225000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1569000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	1897000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3549000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.3
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.3
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6372034	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431471	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6360801	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431109	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6372034	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432052	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6360801	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432742	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	1897000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3549000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	-84000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	177000	usd
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	500000	usd
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	384000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-84000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	177000	usd
	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	500000	usd
	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	384000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-21000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	44000	usd
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	123000	usd
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	95000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-63000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	133000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	377000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	289000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1834000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1929000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3926000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3895000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	104790000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	1652000	usd
CY2023Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.11
CY2023Q4	us-gaap	Dividends Common Stock DividendsCommonStock	716000	usd
CY2023Q4	mgyr	Effect Of Adopting Accounting Standards Update Two Thousand And Sixteen To Thirteen EffectOfAdoptingAccountingStandardsUpdateTwoThousandAndSixteenToThirteen	354000	usd
CY2023Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	440000	usd
CY2023Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	50000	usd
CY2023Q4	mgyr	Purchase Of Treasury Stock PurchaseOfTreasuryStock	192000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	161000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	106539000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	1897000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.05
CY2024Q1	us-gaap	Dividends Common Stock DividendsCommonStock	326000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-63000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	34000	usd
CY2024Q1	mgyr	Purchase Of Treasury Stock PurchaseOfTreasuryStock	608000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	162000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	107635000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	98502000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1810000	usd
CY2022Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.11
CY2022Q4	us-gaap	Dividends Common Stock DividendsCommonStock	744000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	156000	usd
CY2022Q4	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	41000	usd
CY2022Q4	mgyr	Purchase Of Treasury Stock PurchaseOfTreasuryStock	27000	usd
CY2022Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	180000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	99918000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.03
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	179000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	133000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan	33000	usd
CY2023Q1	mgyr	Purchase Of Treasury Stock PurchaseOfTreasuryStock	697000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition	161000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	101165000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3549000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
	us-gaap	Depreciation Depreciation	440000	usd
	us-gaap	Depreciation Depreciation	415000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-35000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-80000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	495000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	513000	usd
	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	3771000	usd
	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	3887000	usd
	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	4113000	usd
	mgyr	Proceeds From Sales Of Loans Receivable ProceedsFromSalesOfLoansReceivable	4268000	usd
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	342000	usd
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	381000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	60000	usd
	mgyr	Esop Compensation Expense EsopCompensationExpense	84000	usd
	mgyr	Esop Compensation Expense EsopCompensationExpense	74000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	323000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	341000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	103000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-357000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	415000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	491000	usd
	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	186000	usd
	mgyr	Increase In Surrender Value Bank Owned Life Insurance IncreaseInSurrenderValueBankOwnedLifeInsurance	185000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-825000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	227000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	246000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	151000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-1662000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	290000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3777000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4210000	usd
	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	-45931000	usd
	mgyr	Net Increase Decrease In Loans Receivable NetIncreaseDecreaseInLoansReceivable	-40845000	usd
	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	7091000	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	4000000	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	1953000	usd
	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	6367000	usd
	us-gaap	Proceeds From Sale Of Held To Maturity Securities ProceedsFromSaleOfHeldToMaturitySecurities	1878000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	660000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	421000	usd
	mgyr	Sales Of Payments For Property And Equipment SalesOfPaymentsForPropertyAndEquipment	253000	usd
	mgyr	Sales Of Payments For Property And Equipment SalesOfPaymentsForPropertyAndEquipment	140000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	776000	usd
	mgyr	Investment In Other Real Estate InvestmentInOtherRealEstate	11000	usd
	us-gaap	Payments To Acquire Federal Home Loan Bank Stock PaymentsToAcquireFederalHomeLoanBankStock	120000	usd
	us-gaap	Payments To Acquire Federal Home Loan Bank Stock PaymentsToAcquireFederalHomeLoanBankStock	4569000	usd
	us-gaap	Proceeds From Sale Of Federal Home Loan Bank Stock ProceedsFromSaleOfFederalHomeLoanBankStock	133000	usd
	us-gaap	Proceeds From Sale Of Federal Home Loan Bank Stock ProceedsFromSaleOfFederalHomeLoanBankStock	4080000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-44321000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-46277000	usd
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	19435000	usd
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	30158000	usd
	mgyr	Net Increase In Escrowed Funds NetIncreaseInEscrowedFunds	1127000	usd
	mgyr	Net Increase In Escrowed Funds NetIncreaseInEscrowedFunds	-1857000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1690000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	13000000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2409000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3091000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1042000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	923000	usd
	mgyr	Purchase Treasury Stock PurchaseTreasuryStock	800000	usd
	mgyr	Purchase Treasury Stock PurchaseTreasuryStock	724000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	18001000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	36563000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-22543000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5504000	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	49989000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	25432000	usd
	us-gaap	Interest Paid Net InterestPaidNet	9064000	usd
	us-gaap	Interest Paid Net InterestPaidNet	3687000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1570000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1850000	usd
	mgyr	Real Estate Acquired In Full Satisfaction Of Loans In Foreclosure RealEstateAcquiredInFullSatisfactionOfLoansInForeclosure	842000	usd
	mgyr	Adoption Of Accounting Standards Update AdoptionOfAccountingStandardsUpdate	354000	usd
CY2024Q1	us-gaap	Cumulative Earnings Deficit CumulativeEarningsDeficit	492000	usd
CY2024Q1	us-gaap	Defined Benefit Plan Funded Status Of Plan DefinedBenefitPlanFundedStatusOfPlan	354000	usd
CY2024Q1	us-gaap	Interest Receivable InterestReceivable	4400000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	1897000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1796000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3549000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3606000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6372034	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431471	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6360801	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6431109	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6372034	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432052	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6360801	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6432742	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.3
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.3
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	293200	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.58
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	12.63
	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	293200	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.58
CY2023Q1	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	391000	shares
CY2022Q3	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	156400	shares
	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	156400	shares
	us-gaap	Contribution Of Property ContributionOfProperty	74000	usd
CY2024Q1	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	-84000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-21000	usd
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
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P8Y11M23D
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	293200	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.58
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P8Y5M23D
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	58640	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	12.58
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P8Y5M23D
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
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	124320	shares
CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	12.63
CY2024Q1	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	80000	usd
CY2024Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	81000	usd
CY2023Q1	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	63000	usd
CY2023Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	98000	usd
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	126000	usd
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	196000	usd
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	132000	usd
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	209000	usd
	mgyr	Unvested Stock Options And Stock Awards UnvestedStockOptionsAndStockAwards	2300000	usd
CY2022Q4	mgyr	Percentage Of Repurchase Additional PercentageOfRepurchaseAdditional	0.05	pure
CY2022Q4	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	172575	shares
CY2022Q4	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	11.53
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	164571	shares
CY2024Q1	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	337146	shares
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	495386	shares
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CY2024Q1	us-gaap	Shares Held In Employee Stock Option Plan Suspense Shares SharesHeldInEmployeeStockOptionPlanSuspenseShares	278163	shares
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	us-gaap	Contribution Of Property ContributionOfProperty	84000	usd
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CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-63000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	177000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	44000	usd
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	mgyr	Unrealized Gain Loss On Available For Sale Securities UnrealizedGainLossOnAvailableForSaleSecurities	500000	usd
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	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	500000	usd
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	123000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	377000	usd
	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	384000	usd
	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	95000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	289000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.25	pure
CY2024Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	11913000	usd
CY2024Q1	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	2011000	usd
CY2024Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	13924000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-2011000	usd
CY2024Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	2011000	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
CY2024Q1	mgyr	Pledged Asset Separately Reported Securities Pledged For Repurchase Agreements At Fair Value PledgedAssetSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue	11800000	usd
CY2024Q1	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	7801000	usd
CY2024Q1	mgyr	Investment Securities Gross Unrealized Losses InvestmentSecuritiesGrossUnrealizedLosses	1482000	usd
CY2023Q3	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	83637000	usd
CY2023Q3	mgyr	Investment Securities Gross Unrealized Losses InvestmentSecuritiesGrossUnrealizedLosses	14072000	usd
CY2024Q1	mgyr	Loans Receivable Gross Carrying Amount LoansReceivableGrossCarryingAmount	742686000	usd
CY2023Q3	mgyr	Loans Receivable Gross Carrying Amount LoansReceivableGrossCarryingAmount	698206000	usd
CY2024Q1	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	974000	usd
CY2023Q3	mgyr	Loans And Leases Receivable Deferred Cost LoansAndLeasesReceivableDeferredCost	806000	usd
CY2024Q1	us-gaap	Long Term Accounts Notes And Loans Receivable Net Noncurrent LongTermAccountsNotesAndLoansReceivableNetNoncurrent	741712000	usd
CY2023Q3	us-gaap	Long Term Accounts Notes And Loans Receivable Net Noncurrent LongTermAccountsNotesAndLoansReceivableNetNoncurrent	697400000	usd
	mgyr	Commercial Relationships Description CommercialRelationshipsDescription	Generally, the external consultant reviews commercial relationships greater than $500 thousand and/or criticized relationships greater than $250 thousand.
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CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
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CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q3	mgyr	Loans Receivable Gross Carrying Amount LoansReceivableGrossCarryingAmount	698206000	usd
CY2024Q1	mgyr	Loans Receivable Current LoansReceivableCurrent	734793000	usd
CY2024Q1	mgyr	Loans Receivable Past Due LoansReceivablePastDue	742686000	usd
CY2023Q3	mgyr	Loans Receivable Current LoansReceivableCurrent	692291000	usd
CY2023Q3	mgyr	Loans Receivable Past Due LoansReceivablePastDue	698206000	usd
	us-gaap	Interest And Fee Income Loans Commercial And Residential Real Estate InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate	666000	usd
	us-gaap	Interest And Fee Income Loans Commercial Real Estate InterestAndFeeIncomeLoansCommercialRealEstate	2224000	usd
	mgyr	Interest And Fee Income Loans Commercial Constructin And Land InterestAndFeeIncomeLoansCommercialConstructinAndLand	1697000	usd
	us-gaap	Interest And Fee Income Loans Commercial InterestAndFeeIncomeLoansCommercial	4587000	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
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross		usd
CY2023Q1	mgyr	Impaired Loans And Interest Income ImpairedLoansAndInterestIncome	6066000	usd
	mgyr	Impaired Loans And Interest Income ImpairedLoansAndInterestIncome	5929000	usd
CY2023Q3	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8330000	usd
CY2023Q4	mgyr	Effect Of Adopting EffectOfAdopting	-1032000	usd
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CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7683000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	65000	usd
CY2024Q1	us-gaap	Provision For Other Losses ProvisionForOtherLosses	-54000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7694000	usd
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CY2022Q4	us-gaap	Provision For Other Losses ProvisionForOtherLosses	317000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8750000	usd
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CY2023Q1	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	1000	usd
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CY2023Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	8844000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	492000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	495000	usd
	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	66000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	7700000	usd
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	8300000	usd
CY2024Q1	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	705000	usd
CY2023Q3	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	0	usd
	mgyr	Number Of Loans NumberOfLoans	1	pure
	mgyr	Investment Before Tdr Modification InvestmentBeforeTDRModification	97000	usd
	mgyr	Investment After Tdr Modification InvestmentAfterTDRModification	107000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		usd
	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable		usd
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CY2024Q1	us-gaap	Demand Deposit Accounts DemandDepositAccounts	168616000	usd
CY2023Q3	us-gaap	Demand Deposit Accounts DemandDepositAccounts	188550000	usd
CY2024Q1	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	57541000	usd
CY2023Q3	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	62168000	usd
CY2024Q1	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	113494000	usd
CY2023Q3	us-gaap	Deposits Negotiable Order Of Withdrawal Now DepositsNegotiableOrderOfWithdrawalNOW	115182000	usd
CY2024Q1	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	300282000	usd
CY2023Q3	us-gaap	Deposits Money Market Deposits DepositsMoneyMarketDeposits	284885000	usd
CY2024Q1	mgyr	Certificates Of Deposit CertificatesOfDeposit	122774000	usd
CY2023Q3	mgyr	Certificates Of Deposit CertificatesOfDeposit	92725000	usd
CY2024Q1	mgyr	Retirement Deposits RetirementDeposits	12181000	usd
CY2023Q3	mgyr	Retirement Deposits RetirementDeposits	11943000	usd
CY2024Q1	us-gaap	Deposits Deposits	774888000	usd
CY2023Q3	us-gaap	Deposits Deposits	755453000	usd
CY2024Q1	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	15500000	usd
CY2023Q3	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	13800000	usd
CY2024Q1	mgyr	Fdic Insuranc Bank Deposits FDICInsurancBankDeposits	250000	usd
CY2023Q3	mgyr	Large Deposits LargeDeposits	367400000	usd
CY2024Q1	us-gaap	Collateralized Financings CollateralizedFinancings	118000000	usd
CY2023Q3	us-gaap	Collateralized Financings CollateralizedFinancings	109300000	usd
CY2024Q1	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	129185000	usd
CY2023Q3	mgyr	Financial Instruments Contract Amounts FinancialInstrumentsContractAmounts	121056000	usd
CY2023Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	540000	usd
CY2024Q1	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	705000	usd
	mgyr	Real Estate Acquired In Full Satisfaction Of Loans In Foreclosure RealEstateAcquiredInFullSatisfactionOfLoansInForeclosure		usd
	mgyr	Adoption Of Accounting Standards Update AdoptionOfAccountingStandardsUpdate		usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue		usd
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	mgyr	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeiture In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitureInPeriodTotalIntrinsicValue		usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod		shares
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	mgyr	Sharebased Compensation Arrangement By Sharebased Payment Award Options Expired Weighted Average Remaining Contractual Term SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExpiredWeightedAverageRemainingContractualTerm
	mgyr	Sharebased Compensation Arrangement By Sharebased Payment Expired Aggregate Intrinsic Value SharebasedCompensationArrangementBySharebasedPaymentExpiredAggregateIntrinsicValue		usd
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CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1		usd
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	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares		shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares		shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
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
CY2024Q1	mgyr	Chargeoffs Chargeoffs		usd
CY2022Q4	mgyr	Chargeoffs Chargeoffs		usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery		usd
CY2023Q3	mgyr	Fdic Insuranc Bank Deposits FDICInsurancBankDeposits	250000	usd
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Central Index Key EntityCentralIndexKey	0001337068

Files In Submission

Name	View Source	Status
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0001174947-24-000737-index.html	Edgar Link	pending
0001174947-24-000737.txt	Edgar Link	pending
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$MGYR
Magyar Bancorp, Inc. Stock $mgyr

2024 Q2 Form 10-Q Financial Statement

#000117494724000737 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR Magyar Bancorp, Inc. Stock $mgyr

2024 Q2 Form 10-Q Financial Statement

#000117494724000737 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGYR
Magyar Bancorp, Inc. Stock $mgyr