Magyar Bancorp, Inc. (MGYR) Financial Statements (2023 and earlier)

Company Profile

Business Address 400 SOMERSET STREET
NEW BRUNSWICK, NJ 08901
State of Incorp.
Fiscal Year End September 30
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,93682,27175,20161,72621,46915,36822,334
Cash and cash equivalents30,93682,27175,20161,72621,46915,36822,334
Deferred costs    104132177
Total current assets:30,93682,27175,20161,72621,57315,50022,511
Noncurrent Assets
Operating lease, right-of-use asset 3,743 3,2403,800
Property, plant and equipment13,88014,19914,33114,74616,17216,99017,567
Long-term investments and receivables2,300 2,3002,5002,9002,8002,900
Due from related parties2,300 2,3002,5002,9002,8002,900
Total noncurrent assets:16,18017,94216,63120,48622,87219,79020,467
Other undisclosed assets751,427680,441682,158671,785585,883588,678560,066
TOTAL ASSETS:798,543780,654773,990753,997630,328623,968603,044
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt15,62521,356  10,2948,9405,100
Total current liabilities:15,62521,356  10,2948,9405,100
Noncurrent Liabilities
Other undisclosed liabilities684,416660,855676,349697,147565,383563,666548,487
Total liabilities:700,041682,211676,349697,147575,677572,606553,587
Stockholders' equity
Stockholders' equity attributable to parent101,671101,683100,87656,91554,86551,71849,949
Common stock71717159595959
Treasury stock, value(5,793)(1,242)(1,242)(1,242)(1,152)(1,152)(1,152)
Additional paid in capital63,73463,68163,71326,29426,31726,31026,289
Accumulated other comprehensive loss(2,114)(987)(947)(1,357)(1,330)(1,474)(1,004)
Retained earnings45,77340,16039,28133,16130,97127,97525,757
Other undisclosed stockholders' equity(3,169)(3,240)(3,235)(65)(214)(356)(492)
Total stockholders' equity:98,50298,44397,64156,85054,65151,36249,457
TOTAL LIABILITIES AND EQUITY:798,543780,654773,990753,997630,328623,968603,044

Income Statement (P&L) ($ in thousands)

9/30/2022
12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues29,51228,55528,54326,90526,95424,21623,241
Net investment income29,42528,44528,43326,79926,95424,21621,859
Cost of revenue(304)(1,090)(1,629)(1,666)(668)(997)(1,343)
Provision for loan, lease, and other losses(304)(1,090)(1,629)(1,666)(668)(997)
Financial services costs(1,343)
Gross profit:29,20827,46526,91425,23926,28623,21921,898
Operating expenses(5,140)(5,477)(5,673)(5,838)(5,271)(5,294)(14,243)
Operating income:24,06821,98821,24119,40121,01517,9257,655
Nonoperating income
(Bank Owned Life Insurance Income)
372326317324  293
Interest and debt expense(2,484)(2,555)(2,941)(5,513)(6,710)(4,649)(3,773)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1,963 (11,101)(10,044)(9,775)(1,758)
Income from continuing operations before equity method investments, income taxes:21,95621,72218,6173,1114,2613,5012,417
Other undisclosed loss from continuing operations before income taxes(10,787)(12,536)(9,892)    
Income from continuing operations before income taxes:11,1699,1868,7253,1114,2613,5012,417
Income tax expense(3,250)(2,709)(2,605)(921)(1,265)(1,471)(994)
Net income available to common stockholders, diluted:7,9196,4776,1202,1902,9962,0301,423

Comprehensive Income ($ in thousands)

9/30/2022
12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net income:7,9196,4776,1202,1902,9962,0301,423
Other comprehensive income (loss)(1,167)406410(27)144(282)155
Comprehensive income, net of tax, attributable to parent:6,7526,8836,5302,1633,1401,7481,578

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: