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 Magyar Bank
Magyar Bank
| RSSD ID 548771 | CERTIFICATE 30704 | ABA NUMBER 221270910 |
| 400 Somerset St |
Quarter Ended : |
2025-03-31 |
| New Brunswick, New Jersey, 8901 |
Updated : |
2025-05-01 |
| www.magbank.com |
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| Institution Profile |
| Year Opened : |
1922 |
Institution Type : |
Stock and Mutual Savings bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
7 |
Number of Employees : |
95 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 1,021,204 |
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Total Interest Income | 13,823 |
| Total Liabilities | 910,627 |
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Total NonInterest Income | 968 |
| Total Bank Equity Capital | 110,577 |
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Total Interest Expense | 5,671 |
| Total Deposits | 863,569 |
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Total NonInterest Expense | 5,157 |
| Net Loans & Leases | 801,057 |
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Net Income | 2,876 |
| Loan Loss Allowance | 7,936 |
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Net Charge Offs | (5) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 119,253 |
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Total loans | 796,911 |
| Total assets for the leverage ratio | 1,018,278 |
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Loans secured by real estate: | 772,980 |
| Tier 1 Leverage Ratio | 10.91 |
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Commercial and industrial loans | 22,001 |
| Tier 1 Capital Ratio | 14.87 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 15.96 |
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Loans to individuals - Other | 1,931 |
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:· Magyar Bank
