2024 Q4 Form 10-K Financial Statement

#000117494724001365 Filed on December 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $48.57M
YoY Change 27.59%
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 $890.0K
YoY Change 5.95%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$20.40M
YoY Change 5.72%
Pretax Income $4.133M $11.10M
YoY Change 44.56% 3.34%
Income Tax $1.591M $3.317M
% Of Pretax Income 38.5% 29.88%
Net Earnings $2.542M $7.783M
YoY Change 16.34% 0.96%
Net Earnings / Revenue 16.02%
Basic Earnings Per Share $1.23
Diluted Earnings Per Share $0.41 $1.23
COMMON SHARES
Basic Shares Outstanding 6.478M shares 6.490M shares 6.342M shares
Diluted Shares Outstanding 6.342M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.62M
YoY Change
Cash & Equivalents $25.60M
Short-Term Investments $4.021M
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
YoY Change -5.95%
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
YoY Change 4.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $841.4M
YoY Change 4.84%
SHAREHOLDERS EQUITY
Retained Earnings $58.64M
YoY Change 12.42%
Common Stock $71.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.364M
YoY Change 37.34%
Treasury Stock Shares
Shareholders Equity $110.5M
YoY Change
Total Liabilities & Shareholders Equity $951.9M
YoY Change 4.92%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $2.542M $7.783M
YoY Change 16.34% 0.96%
Depreciation, Depletion And Amortization $890.0K
YoY Change 5.95%
Cash From Operating Activities $6.318M
YoY Change -25.53%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$90.29M
YoY Change 36.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $4.384M
YoY Change -7.53%
Cash From Financing Activities $37.04M
YoY Change -62.65%
NET CHANGE
Cash From Operating Activities $6.318M
Cash From Investing Activities -$90.29M
Cash From Financing Activities $37.04M
Net Change In Cash -$46.94M
YoY Change -212.84%
FREE CASH FLOW
Cash From Operating Activities $6.318M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
104790000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
7783000 usd
CY2024 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2024 us-gaap Dividends Common Stock
DividendsCommonStock
1679000 usd
CY2024 mgyr Effect Of Adopting Accounting Standards Update
EffectOfAdoptingAccountingStandardsUpdate
354000 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
873000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
155000 usd
CY2024 mgyr Purchase Of Treasury Stock
PurchaseOfTreasuryStock
2374000 usd
CY2024 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
646000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
110548000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
7783000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2024 us-gaap Depreciation
Depreciation
890000 usd
CY2023 us-gaap Depreciation
Depreciation
840000 usd
CY2024 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-63000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-137000 usd
CY2024 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
90000 usd
CY2023 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
381000 usd
CY2024 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
6446000 usd
CY2023 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
6494000 usd
CY2024 mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
7045000 usd
CY2023 mgyr Proceeds From Sales Of Loans Receivable
ProceedsFromSalesOfLoansReceivable
7059000 usd
CY2024 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
599000 usd
CY2023 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
565000 usd
CY2024 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1305000 usd
CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
60000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
9000 usd
CY2024 mgyr Esop Compensation Expense
EsopCompensationExpense
155000 usd
CY2023 mgyr Esop Compensation Expense
EsopCompensationExpense
122000 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
646000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
664000 usd
CY2024 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
33000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2024 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
719000 usd
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
859000 usd
CY2024 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
433000 usd
CY2023 mgyr Increase In Surrender Value Bank Owned Life Insurance
IncreaseInSurrenderValueBankOwnedLifeInsurance
370000 usd
CY2024 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1397000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
795000 usd
CY2024 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
448000 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
358000 usd
CY2024 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-2670000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
921000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6318000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8484000 usd
CY2024 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-86668000 usd
CY2023 mgyr Net Increase Decrease In Loans Receivable
NetIncreaseDecreaseInLoansReceivable
-56258000 usd
CY2024 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
1000000 usd
CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
13350000 usd
CY2024 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
6528000 usd
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
4587000 usd
CY2024 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
5953000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1965000 usd
CY2024 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
12487000 usd
CY2023 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
10313000 usd
CY2024 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1293000 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
970000 usd
CY2024 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
6550000 usd
CY2024 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1672000 usd
CY2024 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
812000 usd
CY2023 mgyr Sales Of Payments For Property And Equipment
SalesOfPaymentsForPropertyAndEquipment
309000 usd
CY2024 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
776000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
19000 usd
CY2023 mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
47000 usd
CY2024 us-gaap Payments For Proceeds From Other Real Estate Partnerships
PaymentsForProceedsFromOtherRealEstatePartnerships
-1056000 usd
CY2024 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
286000 usd
CY2023 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
5820000 usd
CY2024 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
222000 usd
CY2023 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
4981000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-90291000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66053000 usd
CY2024 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
41221000 usd
CY2023 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
87720000 usd
CY2024 mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
816000 usd
CY2023 mgyr Net Increase In Escrowed Funds
NetIncreaseInEscrowedFunds
87000 usd
CY2024 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3437000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
18631000 usd
CY2024 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4384000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4741000 usd
CY2024 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1679000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1315000 usd
CY2024 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
2374000 usd
CY2023 mgyr Purchase Treasury Stock
PurchaseTreasuryStock
1217000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37037000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99165000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46936000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41596000 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25596000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72532000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
20148000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
9977000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2870000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3255000 usd
CY2024 mgyr Real Estate Acquired In Full Satisfaction Of Loans In Foreclosure
RealEstateAcquiredInFullSatisfactionOfLoansInForeclosure
4388000 usd
CY2024 mgyr Adoption Of Accounting Standards Update
AdoptionOfAccountingStandardsUpdate
354000 usd
CY2024 mgyr Change In Fair Value Of Swap Assetliability
ChangeInFairValueOfSwapAssetliability
-1173000 usd
CY2023 mgyr Change In Fair Value Of Swap Assetliability
ChangeInFairValueOfSwapAssetliability
92000 usd
CY2024Q3 us-gaap Debt Securities Held To Maturity Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAccruedInterestBeforeAllowanceForCreditLoss
225000 usd
CY2024 mgyr Fhlb Stock Per Value
FHLBStockPerValue
100
CY2024Q3 us-gaap Interest Receivable
InterestReceivable
4600000 usd
CY2024 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 0in">7. <span style="text-decoration:underline">Revenue Recognition</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 27pt">The Company recognizes revenue in the Consolidated Statements of Income as it is earned and when collectability is reasonably assured. The primary source of revenue is interest income from interest earning assets, which is recognized on the accrual basis of accounting using the effective interest method. The recognition of revenues from interest earning assets is based upon formulas from underlying loan agreements, securities contracts, or other similar contracts. Non-interest income is recognized on the accrual basis of accounting as services are provided or as transactions occur. Non-interest income includes earnings on bank-owned life insurance, deposit accounts, merchant services, ATM and debit card fees, mortgage banking activities, commercial loan prepayment penalties and other miscellaneous services and transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 27pt">The Company’s contracts with customers in the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, “<i>Revenue from Contracts with Customers</i>” are contracts for deposit accounts and contracts for non-deposit investment accounts through a third party service provider. Both types of contracts result in non-interest income being recognized. The revenue resulting from deposit accounts, which includes fees such as insufficient funds fees, wire transfer fees and out-of-network ATM transaction fees, is included as a component of service charges on the Consolidated Statements of Income. The revenue resulting from non-deposit investment accounts is included as a component of other operating income on the Consolidated Statements of Income. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 27pt">Revenue from contracts with customers included in service charges was $1.1 million and $1.6 million for the years ended September 30, 2024 and 2023, respectively.  Revenue from contracts with customers included in other operating income was $81 thousand and $89 thousand for the years ended September 30, 2024 and 2023, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 27pt">For our contracts with customers, we satisfy our performance obligations each day as services are rendered.  For our deposit account revenue, we receive payment on a daily basis as services are rendered and for our non-deposit investment account revenue, we receive payment on a monthly basis from our third-party service provider as services are rendered.</p>
CY2024 mgyr Revenue From Contracts With Customers Included In Service Charges
RevenueFromContractsWithCustomersIncludedInServiceCharges
1100000 usd
CY2023 mgyr Revenue From Contracts With Customers Included In Service Charges
RevenueFromContractsWithCustomersIncludedInServiceCharges
1600000 usd
CY2024 us-gaap Other Operating Income
OtherOperatingIncome
81000 usd
CY2023 us-gaap Other Operating Income
OtherOperatingIncome
89000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
7783000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
7709000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6341610 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6424796 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6341610 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6424796 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.2
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.2
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2024 mgyr Pension Plan Rate
PensionPlanRate
0.28 pure
CY2024 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-53000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-853000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1481000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
63000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
308000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-916000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1789000 usd
CY2024Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.05
CY2024Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y11M23D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
293200 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.58
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y11M23D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
117280 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.58
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y11M23D
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
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
31080 shares
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
12.63
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
93240 shares
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.63
CY2024 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
254000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
392000 usd
CY2023 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
259000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
405000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1900000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0325 pure
CY2024Q3 mgyr Principal And Interest Payable Term
PrincipalAndInterestPayableTerm
P30Y
CY2022Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
302373 shares
CY2023 mgyr Shares Released For Allocation During The Year
SharesReleasedForAllocationDuringTheYear
12060 shares
CY2023Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
290313 shares
CY2024 mgyr Shares Released For Allocation During The Year
SharesReleasedForAllocationDuringTheYear
12150 shares
CY2024Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
278163 shares
CY2024Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
186940 shares
CY2024Q3 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
465103 shares
CY2024Q3 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
186940 shares
CY2024Q3 us-gaap Shares Held In Employee Stock Option Plan Suspense Shares
SharesHeldInEmployeeStockOptionPlanSuspenseShares
278163 shares
CY2024Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
3400000 usd
CY2024 us-gaap Contribution Of Property
ContributionOfProperty
155000 usd
CY2023 us-gaap Contribution Of Property
ContributionOfProperty
122000 usd
CY2022 mgyr Percentage Of Repurchase Additional
PercentageOfRepurchaseAdditional
0.05 pure
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
296736 shares
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.92
CY2024 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
40410 shares
CY2024Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
337146 shares
CY2024Q3 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
12500000 usd
CY2023Q3 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
13900000 usd
CY2024Q3 mgyr Number Of Securities
NumberOfSecurities
9 pure
CY2024Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
7638000 usd
CY2024 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1208000 usd
CY2023Q3 mgyr Number Of Securities
NumberOfSecurities
79 pure
CY2023Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
83637000 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
14072000 usd
CY2024Q3 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
781216000 usd
CY2023Q3 mgyr Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
698206000 usd
CY2024Q3 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
1054000 usd
CY2023Q3 mgyr Loans And Leases Receivable Deferred Cost
LoansAndLeasesReceivableDeferredCost
806000 usd
CY2024Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
780162000 usd
CY2023Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
697400000 usd
CY2024Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
3900000 usd
CY2023Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
5100000 usd
CY2024Q3 us-gaap Advances To Affiliate
AdvancesToAffiliate
854000 usd
CY2023Q3 us-gaap Advances To Affiliate
AdvancesToAffiliate
2900000 usd
CY2024 us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
2000000 usd
CY2023 us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
142000 usd
CY2024Q3 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
50200000 usd
CY2023Q3 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
48100000 usd
CY2024Q3 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
159000 usd
CY2023Q3 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
28000 usd
CY2024Q3 us-gaap Escrow Deposit
EscrowDeposit
21000 usd
CY2023Q3 us-gaap Escrow Deposit
EscrowDeposit
27000 usd
CY2024 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
CY2024Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
779980000 usd
CY2024Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
781216000 usd
CY2023Q3 mgyr Loans Receivable Current
LoansReceivableCurrent
692291000 usd
CY2023Q3 mgyr Loans Receivable Past Due
LoansReceivablePastDue
698206000 usd
CY2024 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
116000 usd
CY2024 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
116000 usd
CY2024 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
232000 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
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8330000 usd
CY2024 mgyr Effect Of Adopting
EffectOfAdopting
-1032000 usd
CY2024 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
68000 usd
CY2024 us-gaap Provision For Other Losses
ProvisionForOtherLosses
182000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7548000 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8433000 usd
CY2023 mgyr Chargeoffs
Chargeoffs
-488000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
4000 usd
CY2023 us-gaap Provision For Other Losses
ProvisionForOtherLosses
381000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8330000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8330000 usd
CY2023Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
8330000 usd
CY2024 mgyr Number Of Loans
NumberOfLoans
1 pure
CY2024 mgyr Investment Before Tdr Modification
InvestmentBeforeTDRModification
97000 usd
CY2024 mgyr Investment After Tdr Modification
InvestmentAfterTDRModification
106000 usd
CY2024Q3 us-gaap Other Borrowings
OtherBorrowings
410600000 usd
CY2023Q3 us-gaap Other Borrowings
OtherBorrowings
341600000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29690000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29594000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17145000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16255000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12545000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13339000 usd
CY2024 us-gaap Depreciation Nonproduction
DepreciationNonproduction
890000 usd
CY2023 us-gaap Depreciation Nonproduction
DepreciationNonproduction
840000 usd
CY2024 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
3700000 usd
CY2023 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
328000 usd
CY2024Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
132837000 usd
CY2023Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
188550000 usd
CY2024Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
52853000 usd
CY2023Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
62168000 usd
CY2024Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
146744000 usd
CY2023Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
115182000 usd
CY2024Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
304588000 usd
CY2023Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
284885000 usd
CY2024Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
146674000 usd
CY2023Q3 mgyr Certificates Of Deposit
CertificatesOfDeposit
92725000 usd
CY2024Q3 mgyr Retirement Deposits
RetirementDeposits
12978000 usd
CY2023Q3 mgyr Retirement Deposits
RetirementDeposits
11943000 usd
CY2024Q3 us-gaap Deposits
Deposits
796674000 usd
CY2023Q3 us-gaap Deposits
Deposits
755453000 usd
CY2024 mgyr Schedule Of Contractual Maturities Of Certificates Of Deposit
ScheduleOfContractualMaturitiesOfCertificatesOfDeposit
At September 30, 2024, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands):<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif; margin-left: auto; margin-right: auto;"> <tr style="vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center; text-decoration: underline">Years Ending September 30,</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="white-space: nowrap; text-align: right"> </td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 77%; text-align: center">2025</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 20%; text-align: right">99,174</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,096</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,896</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,409</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,993</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center; padding-bottom: 1pt">2030 and after</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,084</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">159,652</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2024Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
99174000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
18096000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
6896000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
19409000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
14993000 usd
CY2024Q3 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
1084000 usd
CY2024Q3 us-gaap Time Deposits
TimeDeposits
159652000 usd
CY2023Q3 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2024Q3 mgyr Fdic Insuranc Bank Deposits
FDICInsurancBankDeposits
250000 usd
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
380000000 usd
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
429900000 usd
CY2024Q3 us-gaap Collateralized Financings
CollateralizedFinancings
3200000 usd
CY2023Q3 us-gaap Collateralized Financings
CollateralizedFinancings
3500000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
28600000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
29500000 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.029 pure
CY2023Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate At Period End
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateAtPeriodEnd
0.0327 pure
CY2024Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
3500000 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
1631000 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
9437000 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
14000000 usd
CY2024Q3 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
28568000 usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
123700000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
122200000 usd
CY2023 us-gaap Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
1283000 usd
CY2023Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Maximum Outstanding At Any Month End
FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd
16450000 usd
CY2023 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate For Year
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateForYear
0.0465 pure
CY2024 mgyr Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
6400000 usd
CY2024 mgyr Loans Sold Servicing Released
LoansSoldServicingReleased
0 usd
CY2023 mgyr Proceeds From Sales Of Loans
ProceedsFromSalesOfLoans
6500000 usd
CY2023 mgyr Loans Sold Servicing Released
LoansSoldServicingReleased
0 usd
CY2024Q3 mgyr Value Of Loans Sold Still Being Serviced
ValueOfLoansSoldStillBeingServiced
1400000 usd
CY2023Q3 mgyr Value Of Loans Sold Still Being Serviced
ValueOfLoansSoldStillBeingServiced
1900000 usd
CY2024 us-gaap Financing Receivable Allowance For Credit Loss Loan Sold
FinancingReceivableAllowanceForCreditLossLoanSold
38400000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Loss Loan Sold
FinancingReceivableAllowanceForCreditLossLoanSold
35500000 usd
CY2023Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
28000 usd
CY2024 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
151000 usd
CY2023 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
28000 usd
CY2024 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
20000 usd
CY2024Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
159000 usd
CY2023Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
28000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3423000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3647000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-106000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-615000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3317000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3032000 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2331000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2256000 usd
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1005000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
931000 usd
CY2024 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
103000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
90000 usd
CY2024 mgyr Effective Income Tax Rate Reconciliationn Boli Policy Surrender Tax
EffectiveIncomeTaxRateReconciliationnBOLIPolicySurrenderTax
277000 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
56000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
58000 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
40000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
54000 usd
CY2024 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
6000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
11000 usd
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-295000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-188000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3317000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3032000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2248000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2342000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
278000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
483000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
296000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
287000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
132000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
132000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
340000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
265000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
6000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
11000 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
54000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
72000 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3354000 usd
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3592000 usd
CY2024Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
551000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
588000 usd
CY2024Q3 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
45000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
8000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
596000 usd
CY2023Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
596000 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2758000 usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2996000 usd
CY2024 mgyr Income Tax Reconciliation Income Tax Expenses Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpensesBenefitAtFederalStatutoryIncomeTaxRate
0.09 pure
CY2023 mgyr Income Tax Reconciliation Income Tax Expenses Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpensesBenefitAtFederalStatutoryIncomeTaxRate
0.09 pure
CY2023 mgyr Allocated Income In Excess In Income Taxes
AllocatedIncomeInExcessInIncomeTaxes
1000000 usd
CY2024 mgyr Allocated Income In Excess In Income Taxes
AllocatedIncomeInExcessInIncomeTaxes
10000000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.115 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.115 pure
CY2024Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3697000 usd
CY2023Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3495000 usd
CY2023Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3495000 usd
CY2022Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3735000 usd
CY2024 us-gaap Interest Costs Incurred
InterestCostsIncurred
193000 usd
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
190000 usd
CY2024 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-283000 usd
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
181000 usd
CY2024 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
274000 usd
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
249000 usd
CY2024Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3697000 usd
CY2023Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3495000 usd
CY2023Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
4076000 usd
CY2022Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
3886000 usd
CY2024 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
816000 usd
CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
438000 usd
CY2024 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
274000 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
248000 usd
CY2024Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
4618000 usd
CY2023Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
4076000 usd
CY2024Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
921000 usd
CY2023Q3 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
580000 usd
CY2024Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1 pure
CY2023Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1 pure
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
276000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
275000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
274000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
271000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
269000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
1263000 usd
CY2023Q3 mgyr Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
2628000 usd
CY2024Q3 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
91000 usd
CY2023Q3 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
440000 usd
CY2024Q3 mgyr Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax
132000 usd
CY2023Q3 mgyr Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax
132000 usd
CY2024Q3 us-gaap Investments
Investments
4618000 usd
CY2023Q3 us-gaap Investments
Investments
4075000 usd
CY2024 mgyr Board And Committee Fees Description
BoardAndCommitteeFeesDescription
The amount will be 10% plus 2 1/2% for each year of service as a Director, with a minimum of 50%, provided the Director has served for at least five years, and a maximum of 60%. The maximum benefit increases for any Director serving as Chairman of the Board for at least five years to 75%.
CY2024Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
23300000 usd
CY2023Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
18000000 usd
CY2024 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
384000 usd
CY2023 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
375000 usd
CY2024Q3 us-gaap Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
1000000 usd
CY2023Q3 us-gaap Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
828000 usd
CY2024 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
255000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
257000 usd
CY2023Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P10Y
CY2023Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
180000 usd
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0422 pure
CY2024Q3 mgyr Operating Lease Right Of Use Asset Statements Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementsOfFinancialPositionExtensibleList
2223000 usd
CY2023Q3 mgyr Operating Lease Right Of Use Asset Statements Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementsOfFinancialPositionExtensibleList
2687000 usd
CY2024Q3 mgyr Operating Lease Liability Statements Of Financial Position Extensible List
OperatingLeaseLiabilityStatementsOfFinancialPositionExtensibleList
2413000 usd
CY2023Q3 mgyr Operating Lease Liability Statements Of Financial Position Extensible List
OperatingLeaseLiabilityStatementsOfFinancialPositionExtensibleList
2944000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2024Q3 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
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
558000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
490000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
370000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
337000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
318000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
600000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2673000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
260000 usd
CY2024Q3 mgyr Operating Lease Liability Statements Of Financial Position Extensible List
OperatingLeaseLiabilityStatementsOfFinancialPositionExtensibleList
2413000 usd
CY2024 mgyr Operating Leases Rent Expense
OperatingLeasesRentExpense
809000 usd
CY2023 mgyr Operating Leases Rent Expense
OperatingLeasesRentExpense
809000 usd
CY2024Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
117539000 usd
CY2023Q3 mgyr Financial Instruments Contract Amounts
FinancialInstrumentsContractAmounts
121056000 usd
CY2024Q3 us-gaap Marketable Securities
MarketableSecurities
4021000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
15616000 usd
CY2024Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1405000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
17021000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-1405000 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1405000 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
CY2024 mgyr Capital Conservation Percentage
CapitalConservationPercentage
0.025 pure
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2023 mgyr Recovery For Credit Lossesunfunded Commitments
RecoveryForCreditLossesunfundedCommitments
usd
CY2023 us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
usd
CY2024 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
usd
CY2024 mgyr Investment In Other Real Estate
InvestmentInOtherRealEstate
usd
CY2023 us-gaap Payments For Proceeds From Other Real Estate Partnerships
PaymentsForProceedsFromOtherRealEstatePartnerships
usd
CY2023 mgyr Real Estate Acquired In Full Satisfaction Of Loans In Foreclosure
RealEstateAcquiredInFullSatisfactionOfLoansInForeclosure
usd
CY2023 mgyr Adoption Of Accounting Standards Update
AdoptionOfAccountingStandardsUpdate
usd
CY2024 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2024 mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Total Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodTotalIntrinsicValueGranted
usd
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2024 mgyr Share Based Compensation Arrangement By Share Based Payment Award Options Forfeiture In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitureInPeriodTotalIntrinsicValue
usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2024 mgyr Sharebased Compensation Arrangement By Sharebased Payment Expired Aggregate Intrinsic Value
SharebasedCompensationArrangementBySharebasedPaymentExpiredAggregateIntrinsicValue
usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
shares
CY2024 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
CY2024 mgyr Chargeoffs
Chargeoffs
usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromFourToFiveYearsOfBalanceSheetDate
usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterFiveYearsOfBalanceSheetDate
usd
CY2024Q3 mgyr Federal Home Loan Bank Advances Short Term Balance
FederalHomeLoanBankAdvancesShortTermBalance
usd
CY2023Q3 mgyr Federal Home Loan Bank Advances Short Term Balance
FederalHomeLoanBankAdvancesShortTermBalance
usd
CY2024 us-gaap Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
usd
CY2024Q3 us-gaap Federal Home Loan Bank Advances Activity For Year Maximum Outstanding At Any Month End
FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd
usd
CY2024 us-gaap Federal Home Loan Bank Advances Activity For Year Average Interest Rate For Year
FederalHomeLoanBankAdvancesActivityForYearAverageInterestRateForYear
pure
CY2022Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
usd
CY2023 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
usd
CY2023 mgyr Effective Income Tax Rate Reconciliationn Boli Policy Surrender Tax
EffectiveIncomeTaxRateReconciliationnBOLIPolicySurrenderTax
usd
CY2024Q2 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#AccountsPayableNoncurrentRelatedPartyTypeExtensibleEnumeration
CY2024 dei Amendment Flag
AmendmentFlag
false
CY2024 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2024 dei Entity Central Index Key
EntityCentralIndexKey
0001337068

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