Magyar Bancorp, Inc. (MGYR) Financial Statements (2024 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)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,40425,4327,87830,93626,32155,299
Cash and cash equivalents22,40425,4327,87830,93626,32155,299
Deposits current assets 693,472697,891676,083   
Total current assets:715,876723,323683,96130,93626,32155,299
Noncurrent Assets
Operating lease, right-of-use asset   3,141 3,4423,593
Property, plant and equipment13,48313,60513,68313,88013,95014,075
Long-term investments and receivables   2,300  
Due from related parties 2,300  
Accounts and financing receivable, after allowance for credit loss      
Other receivable, after allowance for credit loss  
Total noncurrent assets:13,48313,60516,82416,18017,39217,668
Other undisclosed assets128,090102,929120,841751,427746,939733,698
TOTAL ASSETS:857,449839,857821,626798,543790,652806,665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      
Accrued liabilities      
Debt45,53425,53429,72515,62515,28419,150
Other liabilities      
Total current liabilities:45,53425,53429,72515,62515,28419,150
Noncurrent Liabilities
Other undisclosed liabilities709,158713,158691,983684,416674,388688,117
Total liabilities:754,692738,692721,708700,041689,672707,267
Equity
Equity, attributable to parent, including:102,757104,294103,063101,671104,172102,614
Common stock717171717171
Treasury stock, value(5,478)(6,504)(5,820)(5,793)(1,242)(1,242)
Additional paid in capital63,02364,09663,93163,73463,71263,697
Accumulated other comprehensive loss(1,928)(1,825)(1,958)(2,114)(1,916)(1,546)
Retained earnings50,18248,45646,83945,77343,54741,634
Other undisclosed equity, attributable to parent(3,113)     
Other undisclosed equity  (3,129)(3,145)(3,169)(3,192)(3,216)
Total equity:102,757101,16599,91898,502100,98099,398
TOTAL LIABILITIES AND EQUITY:857,449839,857821,626798,543790,652806,665

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues9,7739,1648,6778,1147,4786,906
Net investment income9,7399,1448,4778,0947,4576,885
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (195)(317)72(205)(71)
Gross profit:9,7738,9698,3608,1867,2736,835
Operating expenses(1,243)(1,271)(1,228)(1,213)(1,233)(1,272)
Other undisclosed operating income      
Operating income:8,5307,6987,1326,9736,0405,563
Nonoperating income
(Bank Owned Life Insurance Income)
929095979493
Interest and debt expense(2,887)(2,228)(1,610)(875)(512)(526)
Income from continuing operations before equity method investments, income taxes:5,7355,5605,6176,1955,6225,130
Other undisclosed loss from continuing operations before income taxes(3,029)(2,974)(3,027)(2,765)(2,619)(2,761)
Income from continuing operations before income taxes:2,7062,5862,5903,4303,0032,369
Income tax expense(788)(790)(780)(1,000)(886)(690)
Income from continuing operations:1,9181,7961,8102,4302,1171,679
Income before gain (loss) on sale of properties:2,4302,1171,679
Net income available to common stockholders, diluted:1,9181,7961,8102,4302,1171,679

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income:1,9181,7961,8102,4302,1171,679
Other comprehensive income (loss)(103)133156(198)(370)(559)
Comprehensive income, net of tax, attributable to parent:1,8151,9291,9662,2321,7471,120

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.

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