Magyar Bank

400 Somerset Street
New Brunswick, NJ 08903

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30704
Date Established 1922
Assets $0.59 billion
Loans $0.47 billion
Deposits $0.50 billion
Capital $0.05 billion

Magyar Bank is an FDIC insured institution located in New Brunswick, NJ. It was founded in 1922 and has approximately $0.59 billion in assets. Customers can open an account at one of its 6 branches.

For a more detailed analysis of Magyar Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Magyar Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Magyar Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 42.37
Multifamily
Mortgages
6.70
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 13.35
Construction and Development Loans 3.84
Commercial Real Estate 37.33
Commercial and Industrial Loans 9.14
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.35% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.60% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1 $9,999 Learn MoreShow Less
MM25K
0.20% $10,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Magyar Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
3.760% 3.750% 0.13 $298 $1,158 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Magyar Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Magyar Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Magyar Bank Locations

Financial Details

Magyar Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Magyar Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Magyar Bank U.S. Bank Average
27.08% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Magyar Bank had $2,295,000 in non-current loans and $11,841,000 in owned real estate. To cover these potential losses it had $48,824,000 in equity and $3,385,000 in loans loss reserves. That gives it a Texas Ratio of 27.08%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Magyar Bank U.S. Bank Average
2.75% 8.58

Magyar Bank has a Return on Equity of 2.75% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Magyar Bank U.S. Bank Average
8.31% 12.11

Magyar Bank has a Capitalization of 8.31% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Magyar Bank Balance Sheet Analysis

As of June 30, 2017, Magyar Bank had assets of $587,538,000, loans of $465,077,000, and deposits of $503,307,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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