The bank maintains a stable equity-to-assets ratio of 0.12, supporting a balance sheet that has expanded to $1.1 billion primarily through the accumulation of investment securities.
Magyar Bancorp, Inc. (MGYR) balance sheet — 24-year assets, liabilities & shareholders' equity history
| Metric | Sep'26 | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 |
|---|
| Cash & Short Term Investments | - | 22.98M | 41.21M | 82.66M | 40.16M | 88.13M | 76.29M | 38.17M | 37.84M | 34.15M | 27.04M | 24.17M | 22.33M | 33.57M | 26.83M | 15.03M | 21.09M | 7.92M | 5.01M | 5.23M | 6.02M | 3.21M | 4.97M | 8.55M |
| Cash & Due from Banks | - | 7.09M | 25.6M | 72.53M | 30.94M | 75.2M | 61.73M | 21.47M | 15.37M | 22.33M | 21.81M | 18.11M | 10.26M | 17.79M | 10.04M | 15.03M | 21.09M | 7.92M | 5.01M | 5.23M | 6.02M | 3.21M | 4.97M | 8.55M |
| Short Term Investments | - | 15.89M | 15.62M | 10.13M | 9.23M | 12.93M | 14.56M | 16.7M | 22.47M | 11.81M | 5.23M | 6.06M | 12.07M | 15.77M | 16.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | - | 937.45M | 868.05M | 785.03M | 720.72M | 655.89M | 648.11M | 564.4M | 564.54M | 533.88M | 513.2M | 479.27M | 465.23M | 465.13M | 443.12M | 451.57M | 462.55M | 513.03M | 465.09M | 427.1M | 390.03M | 322.19M | 267.34M | 251.11M |
| Investments Growth % | - | 8% | 10.57% | 8.92% | 9.88% | 1.2% | 14.83% | -0.03% | 5.74% | 4.03% | 7.08% | 3.02% | 0.02% | 4.97% | -1.87% | -2.38% | -9.84% | 10.31% | 8.89% | 9.5% | 21.06% | 20.52% | 6.46% | - |
| Long-Term Investments | - | 921.56M | 852.43M | 774.9M | 711.49M | 642.96M | 633.55M | 547.7M | 542.08M | 522.06M | 507.96M | 473.21M | 453.16M | 449.36M | 426.34M | 451.57M | 462.55M | 513.03M | 465.09M | 427.1M | 390.03M | 322.19M | 267.34M | 251.11M |
| Accounts Receivables | - | 5.8M | 5.06M | 4.34M | 3.48M | 3.53M | 4.03M | 2.13M | 2.18M | 1.93M | 1.71M | 1.7M | 1.67M | 1.75M | 1.89M | 1.92M | 1.95M | 2.21M | 2.18M | 2.52M | 2.22M | 1.56M | 1.27M | 1.16M |
| Goodwill & Intangibles | 0 | 0 | 159K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | - | 0 | 159K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | - | 12.18M | 12.54M | 13.34M | 13.88M | 14.33M | 14.75M | 16.17M | 16.99M | 17.57M | 18.08M | 17.82M | 18.58M | 20.88M | 21.54M | 20.57M | 20.14M | 20.62M | 21.61M | 22.3M | 21.69M | 19.46M | 4.23M | 4.46M |
| Other Assets | - | 35.14M | 40.52M | 32.05M | 29.53M | 25.04M | 25.38M | 26.15M | 24.89M | 27.34M | 29.58M | 33.66M | 34.69M | 32.17M | 32.24M | 34.94M | 32.22M | 21.43M | 20.38M | 16.02M | 14.25M | 13.29M | 9.26M | 8.64M |
| Total Current Assets | - | 28.78M | 46.27M | 86.99M | 43.64M | 91.66M | 80.32M | 40.3M | 40.02M | 36.08M | 28.75M | 25.88M | 24M | 35.32M | 28.72M | 16.95M | 23.04M | 10.13M | 7.19M | 7.75M | 8.23M | 4.76M | 6.25M | 9.7M |
| Total Non-Current Assets | - | 968.88M | 905.65M | 820.3M | 754.9M | 682.33M | 673.68M | 590.02M | 583.95M | 566.97M | 555.63M | 524.69M | 506.43M | 502.41M | 480.12M | 507.08M | 514.91M | 555.08M | 507.08M | 465.42M | 425.97M | 354.94M | 280.83M | 264.21M |
| Total Assets | - | 997.66M | 951.92M | 907.29M | 798.54M | 773.99M | 754M | 630.33M | 623.97M | 603.04M | 584.38M | 550.57M | 530.43M | 537.73M | 508.85M | 524.04M | 537.95M | 565.21M | 514.27M | 473.18M | 434.2M | 359.7M | 287.08M | 273.91M |
| Asset Growth % | - | 4.81% | 4.92% | 13.62% | 3.17% | 2.65% | 19.62% | 1.02% | 3.47% | 3.19% | 6.14% | 3.8% | -1.36% | 5.68% | -2.9% | -2.59% | -4.82% | 9.9% | 8.68% | 8.98% | 20.71% | 25.3% | 4.81% | - |
| Return on Assets (ROA) | - | 1% | 0.84% | 0.9% | 1.01% | 0.8% | 0.32% | 0.48% | 0.33% | 0.24% | 0.19% | 0.17% | 0.11% | 0.05% | 0.1% | -0.05% | 0.71% | -1.13% | -0.6% | 0.16% | 0% | 0.48% | 0.22% | 0.56% |
| Accounts Payable | - | 969K | 891K | 443K | 85K | 85K | 191K | 191K | 193K | 105K | 115K | 102K | 119K | 141K | 196K | 3.63M | 3.52M | 5.29M | 660K | 1.71M | 1.14M | 496K | 3.79M | 4.28M |
| Total Debt | - | 49.05M | 28.57M | 33.9M | 20.37M | 23.36M | 67.41M | 36.19M | 35.52M | 31.91M | 36.04M | 31.59M | 30.5M | 32.1M | 41.5M | 49.92M | 60.77M | 71.37M | 87.93M | 49.98M | 53M | 51.37M | 25.4M | 10.53M |
| Net Debt | - | 41.97M | 2.97M | -38.63M | -10.57M | -51.84M | 5.68M | 14.72M | 20.16M | 9.57M | 14.23M | 13.49M | 20.24M | 14.31M | 31.46M | 34.88M | 39.68M | 63.45M | 82.92M | 44.75M | 46.98M | 48.16M | 20.43M | 1.98M |
| Long-Term Debt | - | 49.05M | 25.07M | 29.52M | 15.63M | 23.36M | 67.41M | 36.19M | 35.52M | 31.91M | 36.04M | 31.59M | 25.5M | 27.1M | 36.5M | 34.92M | 45.77M | 56.37M | 72.93M | 39.98M | 48M | 41.37M | 25.4M | 10.53M |
| Short-Term Debt | - | 0 | 3.5M | 4.38M | 4.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5M | 5M | 5M | 15M | 15M | 15M | 15M | 10M | 5M | 10M | 0 | 0 |
| Other Liabilities | - | 14.49M | 15.24M | 12.71M | 11.86M | 13.09M | 11.22M | 9.22M | 6.75M | 6.38M | 7.85M | 5.93M | 5.43M | 6.84M | 5.62M | 1.04M | 1.55M | 0 | 3.01M | 3.34M | 5.09M | 4.17M | 10.8M | 10.78M |
| Total Current Liabilities | - | 815.28M | 801.07M | 760.28M | 672.56M | 639.9M | 618.52M | 530.27M | 530.33M | 515.31M | 492.76M | 466.37M | 453.57M | 458.47M | 421.71M | 443.57M | 446.45M | 468.81M | 392.5M | 381.65M | 332.9M | 289.78M | 227.76M | 229.95M |
| Total Non-Current Liabilities | - | 63.54M | 40.3M | 42.22M | 27.48M | 36.45M | 78.63M | 45.41M | 42.28M | 38.28M | 43.89M | 37.52M | 30.93M | 33.94M | 42.13M | 35.96M | 47.32M | 56.37M | 75.94M | 43.33M | 53.09M | 45.54M | 36.2M | 21.3M |
| Total Liabilities | - | 878.82M | 841.37M | 802.5M | 700.04M | 676.35M | 697.15M | 575.68M | 572.61M | 553.59M | 536.65M | 503.9M | 484.5M | 492.41M | 463.84M | 479.53M | 493.77M | 525.18M | 468.45M | 424.98M | 385.99M | 335.32M | 263.97M | 251.25M |
| Total Equity | - | 118.84M | 110.55M | 104.79M | 98.5M | 97.64M | 56.85M | 54.65M | 51.36M | 49.46M | 47.73M | 46.67M | 45.93M | 45.32M | 45.01M | 44.51M | 44.18M | 40.03M | 45.83M | 48.19M | 48.21M | 24.39M | 23.11M | 22.66M |
| Equity Growth % | - | 7.5% | 5.49% | 6.38% | 0.88% | 71.75% | 4.02% | 6.4% | 3.85% | 3.63% | 2.26% | 1.6% | 1.35% | 0.7% | 1.11% | 0.75% | 10.37% | -12.65% | -4.91% | -0.04% | 97.69% | 5.52% | 2% | - |
| Equity / Assets (Capital Ratio) | - | 11.91% | 11.61% | 11.55% | 12.34% | 12.62% | 7.54% | 8.67% | 8.23% | 8.2% | 8.17% | 8.48% | 8.66% | 8.43% | 8.84% | 8.49% | 8.21% | 7.08% | 8.91% | 10.18% | 11.1% | 6.78% | 8.05% | 8.27% |
| Return on Equity (ROE) | - | 8.51% | 7.23% | 7.58% | 8.07% | 7.92% | 3.93% | 5.65% | 4.03% | 2.93% | 2.31% | 1.94% | 1.26% | 0.58% | 1.14% | -0.56% | 9.36% | -14.26% | -6.26% | 1.49% | 0.01% | 6.57% | 2.67% | 6.74% |
| Book Value per Share | - | 19.07 | 17.43 | 16.31 | 14.52 | 16.17 | 9.86 | 9.30 | 8.86 | 8.34 | 8.31 | 7.80 | 8.00 | 8.65 | 7.96 | 7.67 | 7.64 | 6.94 | 7.94 | 8.08 | 8.14 | 4.73 | 4.49 | 4.40 |
| Tangible BV per Share | 0.00 | 19.07 | 17.41 | 16.31 | 14.52 | 16.17 | 9.86 | 9.30 | 8.86 | 8.34 | 8.31 | 7.80 | 8.00 | 8.65 | 7.96 | 7.67 | 7.64 | 6.94 | 7.94 | 8.08 | 8.14 | 4.73 | 4.49 | 4.40 |
| Common Stock | - | 71K | 71K | 71K | 71K | 71K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 59K | 0 | 0 | 0 |
| Additional Paid-in Capital | - | 63.42M | 63.09M | 62.8M | 63.73M | 63.71M | 26.29M | 26.32M | 26.31M | 26.29M | 26.27M | 26.27M | 26.3M | 26.32M | 26.37M | 26.5M | 26.4M | 26.33M | 26.21M | 26.08M | 25.79M | 0 | 0 | 0 |
| Retained Earnings | - | 66.58M | 58.64M | 52.17M | 45.77M | 39.28M | 33.16M | 30.97M | 27.98M | 25.76M | 24.33M | 23.25M | 22.38M | 21.84M | 21.6M | 21.07M | 21.3M | 17.32M | 23.4M | 25.72M | 25M | 25M | 23.11M | 22.66M |
| Accumulated OCI | - | -523K | -916K | -1.79M | -2.11M | -947K | -1.36M | -1.33M | -1.47M | -1M | -1.16M | -999K | -716K | -638K | -604K | -407K | -532K | -333K | -1.75M | -1.93M | -2.63M | -608K | -324K | -165K |
| Treasury Stock | - | -7.84M | -7.36M | -5.36M | -5.79M | -1.24M | -1.24M | -1.15M | -1.15M | -1.15M | -1.15M | -1.17M | -1.21M | -1.26M | -1.3M | -1.48M | -1.7M | -1.9M | -2.09M | -1.74M | 0 | 0 | 0 | 0 |
| Preferred Stock | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59K | 0 | 0 | 0 | 0 | 0 | 0 |
Key Metrics
Top Statement Risk
Localized CRE concentration risk
Metrics are mathematically derived from official filings.
Asset Expansion Through Securities Growth
As reported in financial statements, Magyar Bancorp's total assets have expanded from $916.7 million in 2024Q1 to $1.1 billion in 2026Q2, a trend largely driven by the steady accumulation of investment securities rather than aggressive expansion of the core loan portfolio.
The consistent growth in the investment securities portfolio, which reached $968.8 million in 2026Q2, suggests a strategy of deploying excess liquidity into lower-risk, liquid assets. This approach may indicate management's caution regarding the credit environment in their core New Jersey market, prioritizing balance sheet size over higher-yielding, riskier loan originations.
Stable Capitalization Amidst Asset Growth
Based on the reported figures, the bank has maintained a consistent equity-to-assets ratio of approximately 0.12 over the last ten quarters, demonstrating a disciplined approach to capital preservation while supporting the steady growth of the overall balance sheet.
This stability in the capital ratio suggests that the bank is successfully retaining sufficient earnings to offset the growth in assets, maintaining a buffer that appears adequate for its current risk profile. Investors should monitor whether this capital level remains sufficient if the bank shifts toward more aggressive commercial lending in the future.
Liquidity Compression Warrants Close Monitoring
According to recent quarterly data, cash and cash equivalents have declined significantly from $51.1 million in 2024Q1 to $17.1 million in 2026Q2, indicating a highly deployed balance sheet that may limit the bank's flexibility to respond to sudden deposit outflows.
The reduction in liquid cash reserves suggests that the bank is prioritizing yield over immediate liquidity, which may be a rational choice in a stable environment but could prove challenging during periods of market volatility. This trend warrants further investigation into the bank's contingent funding sources and the maturity profile of its investment securities.
Securities Portfolio Duration and Risk
As indicated by the bank's financial disclosures, the heavy concentration of assets in investment securities, which totaled $968.8 million in 2026Q2, exposes the institution to significant interest rate risk that may not be fully captured by traditional credit metrics.
While the securities portfolio provides a stable income stream, the lack of detail regarding the duration and unrealized gains or losses in this portfolio suggests a potential hidden vulnerability. If interest rates remain elevated or volatile, the bank may face pressure on its equity base due to potential mark-to-market adjustments in its investment holdings.