2024 Q3 Form 10-Q Financial Statement

#000117494724001002 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $12.33M $9.777M
YoY Change 26.08% 30.78%
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 $210.0K
YoY Change 6.19% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.887M
YoY Change 463.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.133M $2.192M $2.706M
YoY Change 44.56% -18.99% -9.89%
Income Tax $1.591M $501.0K $788.0K
% Of Pretax Income 38.5% 22.86% 29.12%
Net Earnings $2.542M $1.691M $1.918M
YoY Change 16.34% -11.84% -9.4%
Net Earnings / Revenue 13.72% 19.62%
Basic Earnings Per Share $0.27 $0.30
Diluted Earnings Per Share $0.41 $0.27 $0.30
COMMON SHARES
Basic Shares Outstanding 6.490M shares 6.594M shares 6.689M shares
Diluted Shares Outstanding 6.337M shares 6.413M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.62M $53.07M
YoY Change
Cash & Equivalents $25.60M $49.05M $22.40M
Short-Term Investments $4.021M $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 $12.55M $12.35M $13.48M
YoY Change -5.95% -8.37% -3.35%
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 $951.9M $944.4M $857.4M
YoY Change 4.92% 10.14% 8.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.57M $11.80M
YoY Change 6.52% 62.58%
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 $11.80M
YoY Change 6.52% 7.01%
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 $11.80M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $841.4M $835.3M $754.7M
YoY Change 4.84% 10.68% 9.43%
SHAREHOLDERS EQUITY
Retained Earnings $58.64M $56.40M $50.18M
YoY Change 12.42% 12.39% 15.24%
Common Stock $71.00K $71.00K $71.00K
YoY Change 0.0% 0.0% -99.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.364M $6.315M $5.478M
YoY Change 37.34% 15.28% 341.06%
Treasury Stock Shares
Shareholders Equity $110.5M $109.0M $102.8M
YoY Change
Total Liabilities & Shareholders Equity $951.9M $944.4M $857.4M
YoY Change 4.92% 10.14% 8.45%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $2.542M $1.691M $1.918M
YoY Change 16.34% -11.84% -9.4%
Depreciation, Depletion And Amortization $223.0K $210.0K
YoY Change 6.19% 0.0%
Cash From Operating Activities $1.686M $340.0K
YoY Change 395.88% -91.13%
INVESTING ACTIVITIES
Capital Expenditures $141.0K $100.0K
YoY Change 41.0% -217.65%
Acquisitions
YoY Change
Other Investing Activities -$16.46M -$20.80M
YoY Change -20.88% 55.1%
Cash From Investing Activities -$16.60M -$20.90M
YoY Change -20.59% 54.86%
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 17.53M
YoY Change -20.31% -190.75%
NET CHANGE
Cash From Operating Activities 1.686M 340.0K
Cash From Investing Activities -16.60M -20.90M
Cash From Financing Activities 13.97M 17.53M
Net Change In Cash -942.0K -3.030M
YoY Change -68.91% -89.54%
FREE CASH FLOW
Cash From Operating Activities $1.686M $340.0K
Capital Expenditures $141.0K $100.0K
Free Cash Flow $1.545M $240.0K
YoY Change 543.75% -93.88%

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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Magyar Bancorp, Inc.
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dei Entity Tax Identification Number
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400 Somerset Street
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7882000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
501000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
788000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1726000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2358000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1691000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1918000 usd
us-gaap Net Income Loss
NetIncomeLoss
5240000 usd
us-gaap Net Income Loss
NetIncomeLoss
5524000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.3
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6336702 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6412536 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6358581 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6426978 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6336702 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6412536 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6358581 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6426978 shares
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1691000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1918000 usd
us-gaap Net Income Loss
NetIncomeLoss
5240000 usd
us-gaap Net Income Loss
NetIncomeLoss
5524000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-14000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-137000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
487000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
247000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-14000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-137000 usd
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
487000 usd
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
247000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-4000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-34000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
120000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
61000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-103000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
367000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
186000 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1681000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1815000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5607000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5710000 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 Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
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 Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
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
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1691000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
319000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
34000 usd
CY2024Q2 mgyr Purchase Of Treasury Stock
PurchaseOfTreasuryStock
153000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
161000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
109039000 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 Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
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 Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
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
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1918000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.03
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
192000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-103000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
24000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
112996 shares
CY2023Q2 mgyr Purchase Of Treasury Stock
PurchaseOfTreasuryStock
216000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
161000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
102757000 usd
us-gaap Net Income Loss
NetIncomeLoss
5240000 usd
us-gaap Net Income Loss
NetIncomeLoss
5524000 usd
us-gaap Depreciation
Depreciation
663000 usd
us-gaap Depreciation
Depreciation
628000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-50000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-112000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
441000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
432000 usd
us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
3771000 usd
us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
5450000 usd
mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
4113000 usd
mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
5935000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
342000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
485000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
12000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
60000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
9000 usd
mgyr Esop Compensation Expense
EsopCompensationExpense
118000 usd
mgyr Esop Compensation Expense
EsopCompensationExpense
98000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
484000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
502000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-11000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-237000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
478000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
665000 usd
mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
279000 usd
mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
278000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-778000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
57000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
402000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
128000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1873000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1625000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5463000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4553000 usd
mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-62524000 usd
mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-60547000 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
1000000 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
13350000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
4000000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
5953000 usd
us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
10872000 usd
us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
7858000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
977000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
698000 usd
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
52000 usd
mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
394000 usd
mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
241000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
776000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
19000 usd
mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
11000 usd
us-gaap Payments For Proceeds From Other Real Estate Partnerships
PaymentsForProceedsFromOtherRealEstatePartnerships
-340000 usd
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
286000 usd
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
5747000 usd
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
222000 usd
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
4143000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-60918000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67178000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
33740000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
25739000 usd
mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
1491000 usd
mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
500000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3437000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
17000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4384000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3091000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
16000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1361000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1115000 usd
mgyr Purchase Treasury Stock
PurchaseTreasuryStock
953000 usd
mgyr Purchase Treasury Stock
PurchaseTreasuryStock
940000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31970000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
54093000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23485000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8532000 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49047000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22404000 usd
us-gaap Interest Paid Net
InterestPaidNet
14451000 usd
us-gaap Interest Paid Net
InterestPaidNet
6597000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2270000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2800000 usd
mgyr Real Estate Acquired In Full Satisfaction Of Loans In Foreclosure
RealEstateAcquiredInFullSatisfactionOfLoansInForeclosure
842000 usd
mgyr Adoption Of Accounting Standards Update
AdoptionOfAccountingStandardsUpdate
354000 usd
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
4500000 usd
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOTE C - CONTINGENCIES</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.55pt; text-align: justify; text-indent: -13.55pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.55pt; text-align: justify; text-indent: 31.45pt">The Company, from time to time, is a party to routine litigation that arises in the normal course of business. In the opinion of management, the resolution of this litigation, if any, would not have a material adverse effect on the Company’s consolidated financial position or results of operations as presented in this report.</p>
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1691000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1918000 usd
us-gaap Net Income Loss
NetIncomeLoss
5240000 usd
us-gaap Net Income Loss
NetIncomeLoss
5524000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6336702 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6412536 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6358581 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6426978 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6336702 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6412536 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6358581 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6426978 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.3
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
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
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2024Q2 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
P8Y2M23D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
58640 shares
CY2024Q2 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
P8Y2M23D
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
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
124320 shares
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2024Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
63000 usd
CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
98000 usd
CY2023Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
63000 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
98000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
190000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
294000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
196000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
307000 usd
mgyr Unvested Stock Options And Stock Awards
UnvestedStockOptionsAndStockAwards
2100000 usd
CY2022Q4 mgyr Percentage Of Repurchase Additional
PercentageOfRepurchaseAdditional
0.05 pure
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
186458 shares
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.49
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
150688 shares
CY2024Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
337146 shares
CY2024Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
509269 shares
CY2021Q3 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
312800 shares
CY2021Q3 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
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
CY2024Q2 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
186940 shares
CY2024Q2 us-gaap Shares Held In Employee Stock Option Plan Suspense Shares
SharesHeldInEmployeeStockOptionPlanSuspenseShares
278163 shares
CY2024Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3100000 usd
CY2024Q2 us-gaap Contribution Of Property
ContributionOfProperty
34000 usd
CY2023Q2 us-gaap Contribution Of Property
ContributionOfProperty
24000 usd
us-gaap Contribution Of Property
ContributionOfProperty
118000 usd
us-gaap Contribution Of Property
ContributionOfProperty
98000 usd
CY2024Q2 mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
-14000 usd
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
4000 usd
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-10000 usd
CY2023Q2 mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
-137000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
34000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-103000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-14000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-4000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-137000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-34000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-103000 usd
mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
487000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-120000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
367000 usd
mgyr Unrealized Gain Loss On Available For Sale Securities
UnrealizedGainLossOnAvailableForSaleSecurities
247000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-61000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
186000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
487000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
120000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
367000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
247000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
61000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
186000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
4024000 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
15584000 usd
CY2024Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1841000 usd
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
17425000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-1841000 usd
CY2024Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1841000 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
CY2024Q2 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P5Y
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
180000 usd
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0422 pure
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2382000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2687000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2589000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2944000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.024 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.022 pure
us-gaap Payments For Rent
PaymentsForRent
602000 usd
us-gaap Payments For Rent
PaymentsForRent
604000 usd
CY2024Q2 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
11400000 usd
CY2024Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
7541000 usd
CY2024Q2 mgyr Investment Securities Gross Unrealized Losses
InvestmentSecuritiesGrossUnrealizedLosses
1517000 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
83637000 usd
CY2023Q3 mgyr Investment Securities Gross Unrealized Losses
InvestmentSecuritiesGrossUnrealizedLosses
14072000 usd
CY2024Q2 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
760354000 usd
CY2023Q3 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
698206000 usd
CY2024Q2 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
945000 usd
CY2023Q3 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
806000 usd
CY2024Q2 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
759409000 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.
CY2023Q3 mgyr Loan Receivable Gross Carrying Amount
LoanReceivableGrossCarryingAmount
698206000 usd
CY2024Q2 mgyr Loans Receivable Current
LoansReceivableCurrent
754219000 usd
CY2024Q2 mgyr Loans Receivable Past Due
LoansReceivablePastDue
760354000 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
23000 usd
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
2832000 usd
mgyr Interest And Fee Income Loans Commercial Constructin And Land
InterestAndFeeIncomeLoansCommercialConstructinAndLand
1697000 usd
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
4552000 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
CY2023Q2 mgyr Impaired Loans And Interest Income
ImpairedLoansAndInterestIncome
5067000 usd
mgyr Impaired Loans And Interest Income
ImpairedLoansAndInterestIncome
5326000 usd
CY2023Q2 mgyr Interest Income Recognized On An Accrual Basis On Impaired Loans
InterestIncomeRecognizedOnAnAccrualBasisOnImpairedLoans
37000 usd
mgyr Interest Income Recognized On An Accrual Basis On Impaired Loans
InterestIncomeRecognizedOnAnAccrualBasisOnImpairedLoans
108000 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
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
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000 usd
CY2024Q2 us-gaap Provision For Other Losses
ProvisionForOtherLosses
49000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7744000 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
CY2023Q1 mgyr Chargeoffs
Chargeoffs
-102000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000 usd
CY2023Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
195000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8844000 usd
CY2023Q2 mgyr Chargeoffs
Chargeoffs
-386000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000 usd
CY2023Q2 us-gaap Provision For Other Losses
ProvisionForOtherLosses
-81000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8378000 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
441000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
67000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7700000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8300000 usd
CY2024Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
602000 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
CY2024Q2 us-gaap Demand Deposit Accounts
DemandDepositAccounts
136916000 usd
CY2023Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
188550000 usd
CY2024Q2 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
54648000 usd
CY2023Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
62168000 usd
CY2024Q2 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
150420000 usd
CY2023Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
115182000 usd
CY2024Q2 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
303576000 usd
CY2023Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
284885000 usd
CY2024Q2 mgyr Certificates Of Deposit
CertificatesOfDeposit
130678000 usd
CY2023Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
92725000 usd
CY2024Q2 mgyr Retirement Deposits
RetirementDeposits
12955000 usd
CY2023Q3 mgyr Retirement Deposits
RetirementDeposits
11943000 usd
CY2024Q2 us-gaap Deposits
Deposits
789193000 usd
CY2023Q3 us-gaap Deposits
Deposits
755453000 usd
CY2023Q3 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2024Q2 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
380500000 usd
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
367400000 usd
CY2024Q2 us-gaap Collateralized Financings
CollateralizedFinancings
122300000 usd
CY2023Q3 us-gaap Collateralized Financings
CollateralizedFinancings
109300000 usd
CY2024Q2 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
132257000 usd
CY2023Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
121056000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
540000 usd
CY2024Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
602000 usd
CY2023Q3 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
0 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
mgyr Provision For Credit Losses Commitments
ProvisionForCreditLossesCommitments
usd
CY2024Q2 mgyr Interest Rate Swap Fees
InterestRateSwapFees
usd
CY2023Q2 mgyr Interest Rate Swap Fees
InterestRateSwapFees
usd
mgyr Interest Rate Swap Fees
InterestRateSwapFees
usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2024Q2 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
usd
CY2023Q2 us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
usd
us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
usd
mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
usd
us-gaap Payments For Proceeds From Other Real Estate Partnerships
PaymentsForProceedsFromOtherRealEstatePartnerships
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us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Total Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValueGranted
usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercised Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisedWeightedAverageRemainingContractualTerm
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
mgyr Sharebased Compensation Arrangement By Sharebased Payment Award Options Forfeited Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsForfeitedWeightedAverageRemainingContractualTerm
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
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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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