Magyar Bank
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Data as of · sourced from FFIEC call reports. How we update
Magyar Bank is an FDIC-insured savings bank headquartered in New Brunswick, NJ, established in 1922 (FDIC certificate 30704), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.05B, up 6.2% from Q2 2025, the 23rd largest of 49 banks headquartered in New Jersey. Its CET1 capital ratio was 14.89% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 30704
- Headquarters
- New Brunswick, NJ
- Established
- 1922
- Total assets, Q2 2026
- $1.05B
- Assets vs Q2 2025
- +6.2%
- CET1 ratio, Q2 2026
- 14.89%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 221270910
- Holding company
- MAGYAR BANCORP, INC.
- Asset rank in state
- 23rd of 49 in New Jersey
Magyar Bank, based in New Brunswick, New Jersey, reported $1.0 billion in assets at June 30, 2026, up 6.2% from a year earlier. It carries problem assets equal to 0.3% of the capital and reserves that would absorb them, a small fraction of the median of 3.6% for the 895 banks with $1 billion to $10 billion in assets. On the other hand, it pays an average of 2.48% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
Net income for the quarter rose 23% from a year earlier, to $3.3 million.
As of June 30, 2026, Magyar Bank reported a CET1 capital ratio of 14.89%, a return on assets of 1.22%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.28%. The figures come from its call report filed with the FFIEC.
Of the 49 banks headquartered in New Jersey, Magyar Bank is the 23rd largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.9% to $1.05B, loans rose 1.1% and deposits fell 2.8%. 1-4 family residential loans made up 29.9% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 28.5%. The FDIC Summary of Deposits lists 7 offices for it, in 6 cities in NJ; its New Brunswick office books 53% of its branch deposits. On its Q2 2026 call report, Magyar Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 400 Somerset St, New Brunswick, NJ 08901
- County
- Middlesex
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1922
- Former names
- Magyar Savings Bank (1993-2005); Magyar Savings Bank, SLA (1989-1993)
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 99
- Domestic deposits
- $860.4M
- Allowance for credit losses
- $8.5M
- Net charge-offs (YTD)
- $292K
- Average total assets
- $1.08B
- Average total loans
- $845.1M
- Average interest-bearing deposits
- $750.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 30704
- Fed RSSD
- 548771
- SEC CIK
- 1337068 → filed by MAGYAR BANCORP, INC.
- Website
- www.magbank.com →
- Parent Holding Company
- MAGYAR BANCORP, INC. (RSSD 3382846) · MGYR
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| John S Fitzgerald | CEO | President and CEO |
| Jon Ansari | CFO | EVP and CFO |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Magyar Bank's total assets ran between $906.9M (Q3 2023) and $1.07B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.05B total assets against $986.9M; $925.0M total liabilities against $874.2M.
$879.8M net loans and leases against $835.9M; $860.4M total deposits against $825.5M.
$104.3M securities against $91.1M; $11.5M cash and balances due against $7.1M.
$15.3M total interest income against $14.1M; $5.9M total interest expense against $5.8M.
$9.5M net interest income against $8.3M.
$739K total noninterest income against $504K; $5.3M total noninterest expense against $5.0M.
$352K provision for credit losses against $101K.
$3.3M net income against $2.7M.
1.22% return on assets against 1.05%; 3.77% net interest margin against 3.36%.
14.89% CET1 capital ratio against 14.64%; 11.29% tier 1 leverage ratio against 10.97%.
Inside the full Magyar Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Magyar Bank rankings
Its closest position to the top of a national ranking is 998 of 4,196, for total assets; its furthest is 3,108 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.94% (Q4 2024) to 1.30% (Q4 2025) and its net interest margin ran from 3.14% (Q3 2024) to 3.85% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.89% | 1.22% | 0.04% | 0.28% | 3.77% |
| Q1 2026 | 14.77% | 1.21% | 0.03% | 0.23% | 3.85% |
| Q4 2025 | 14.70% | 1.30% | 0.04% | 0.29% | 3.83% |
| Q3 2025 | 14.70% | 1.04% | 0.05% | 2.13% | 3.71% |
| Q2 2025 | 14.64% | 1.05% | 0.11% | 2.57% | 3.36% |
| Q1 2025 | 14.87% | 1.13% | 0.01% | 2.22% | 3.40% |
| Q4 2024 | 14.57% | 0.94% | 0.04% | 2.49% | 3.30% |
| Q3 2024 | 14.75% | 1.10% | 0.03% | 3.50% | 3.14% |
Swipe the table sideways to see every column.
Branch Network
View all 7 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Magyar Bank (main office) | New Brunswick , NJ | 08901 | $454.5M |
| 3050 Highway 27 Branch | South Brunswick , NJ | 08824 | $118.3M |
| North Brunswick Branch | North Brunswick , NJ | 08902 | $99.3M |
| Martinsville Branch | Martinsville , NJ | 08836 | $66.7M |
| Tano Mall Branch | Edison , NJ | 08837 | $63.2M |
| Branchburg Branch | Branchburg , NJ | 08876 | $36.8M |
| 976 Inman Ave Branch | Edison , NJ | 08820 | $21.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in NJ, rank 43 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 150 applications, 111 loans originated, $53.9M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 16 loans, $20.8M approved, $1.3M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Magyar Bank
What are Magyar Bank's total assets?
As of the Q2 2026 filing, Magyar Bank reported total assets of $1.05 billion in its FFIEC call report.
Where is Magyar Bank headquartered?
It is headquartered in New Brunswick, NJ, United States.
When was Magyar Bank founded?
It was established in 1922, per the FDIC institution directory.
Is Magyar Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #30704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Magyar Bank?
Magyar Bank's primary federal regulator is the FDIC.
What is Magyar Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.89% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Magyar Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Magyar Bank's Texas Ratio?
Its Texas Ratio is 0.28% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Magyar Bank previously called?
The charter now named Magyar Bank has also operated as Magyar Savings Bank (1993-2005), Magyar Savings Bank, SLA (1989-1993), per FDIC structure-change records.
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