Magyar Bancorp, Inc. (MGYR) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments82,27175,20161,72621,46915,36822,33421,806
Cash and cash equivalents82,27175,20161,72621,46915,36822,33421,806
Deferred costs   104132177216
Total current assets:82,27175,20161,72621,57315,50022,51122,022
Noncurrent Assets
Operating lease, right-of-use asset3,743 3,2403,800
Property, plant and equipment14,19914,33114,74616,17216,99017,56718,084
Long-term investments and receivables 2,3002,5002,9002,8002,9004,500
Due from related parties 2,3002,5002,9002,8002,9004,500
Total noncurrent assets:17,94216,63120,48622,87219,79020,46722,584
Other undisclosed assets680,441682,158671,785585,883588,678560,066539,771
TOTAL ASSETS:780,654773,990753,997630,328623,968603,044584,377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt21,356  10,2948,9405,1005,000
Total current liabilities:21,356  10,2948,9405,1005,000
Noncurrent Liabilities
Other undisclosed liabilities660,855676,349697,147565,383563,666548,487531,652
Total liabilities:682,211676,349697,147575,677572,606553,587536,652
Stockholders' equity
Stockholders' equity attributable to parent101,683100,87656,91554,86551,71849,94948,352
Common stock71715959595959
Treasury stock, value(1,242)(1,242)(1,242)(1,152)(1,152)(1,152)(1,152)
Additional paid in capital63,68163,71326,29426,31726,31026,28926,270
Accumulated other comprehensive loss(987)(947)(1,357)(1,330)(1,474)(1,004)(1,159)
Retained earnings40,16039,28133,16130,97127,97525,75724,334
Other undisclosed stockholders' equity(3,240)(3,235)(65)(214)(356)(492)(627)
Total stockholders' equity:98,44397,64156,85054,65151,36249,45747,725
TOTAL LIABILITIES AND EQUITY:780,654773,990753,997630,328623,968603,044584,377

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues28,55528,54326,90526,95424,21623,24121,579
Net investment income28,44528,43326,79926,95424,21621,85920,354
Cost of revenue(1,090)(1,629)(1,666)(668)(997)(1,343)(1,366)
Provision for loan, lease, and other losses(1,090)(1,629)(1,666)(668)(997)
Financial services costs(1,343)(1,366)
Gross profit:27,46526,91425,23926,28623,21921,89820,213
Operating expenses(5,477)(5,673)(5,838)(5,271)(5,294)(14,243)(13,702)
Operating income:21,98821,24119,40121,01517,9257,6556,511
Nonoperating income
(Bank Owned Life Insurance Income)
326317324  293295
Interest and debt expense(2,555)(2,941)(5,513)(6,710)(4,649)(3,773)(3,532)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1,963 (11,101)(10,044)(9,775)(1,758)(1,519)
Income from continuing operations before equity method investments, income taxes:21,72218,6173,1114,2613,5012,4171,755
Other undisclosed loss from continuing operations before income taxes(12,536)(9,892)     
Income from continuing operations before income taxes:9,1868,7253,1114,2613,5012,4171,755
Income tax expense(2,709)(2,605)(921)(1,265)(1,471)(994)(664)
Net income available to common stockholders, diluted:6,4776,1202,1902,9962,0301,4231,091

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:6,4776,1202,1902,9962,0301,4231,091
Other comprehensive income (loss)406410(27)144(282)155(160)
Comprehensive income, net of tax, attributable to parent:6,8836,5302,1633,1401,7481,578931

Statements sources

The financial statements are based on the company's filings with the 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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