Magyar Bank
New Brunswick, NJ
IDRSSD: 548771
Total Assets
$996.88M
Latest filing
Total Deposits
$819.39M
Latest filing
Net Interest Margin
3.62%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Magyar Bank
400 Somerset St
New Brunswick, NJ 08901
Full Service - Brick and Mortar
Updated 11/14/2025Established 01/01/1922FDIC Certificate 43538
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Magyar Bank (Main) | 400 Somerset St | New Brunswick, NJ |
| 3050 HIGHWAY 27 BRANCH | 3050 Highway 27 | South Brunswick, NJ |
| NORTH BRUNSWICK BRANCH | 582 Milltown Rd | North Brunswick, NJ |
| BRANCHBURG BRANCH | 1000 Route 202 S | Branchburg, NJ |
| NORTH EDISON BRANCH | 1167 Inman Ave | Edison, NJ |
| TANO MALL BRANCH | 1199 Amboy Ave | Edison, NJ |
| MARTINSVILLE BRANCH | 1990 Washington Valley Road | Martinsville, NJ |
Showing 6 of 6
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | State chartered stock savings banks / S&L |
| Primary Regulator | FDIC |
| Established Date | 01/01/1922 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 08901 |
| State and County Number | 34023 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 02 |
| Numeric code | 41 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | New York-Newark-Jersey City, NY-NJ-PA |
Operational Info
| Number of Employees | 96 |
| Domestic Offices | 7 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.magbank.com |
| Data Updated | 11/14/2025 |
| CERT | 30704 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $996.88M |
| Total Deposits | $819.39M |
| Total Liabilities | $881.83M |
| Total Equity Capital | $115.05M |
| Net Income | $2.62M |
| Net Loans and Leases | $849.00M |
| Assets Per Employee ($Millions) | $10.72M |
| Bank Premises and Fixed Assets | $13.94M |
| Cash and Balances due from Depository Institutions | $7.09M |
| Deposits Held in Domestic Offices | $819.39M |
Key Performance Ratios
| Return on Assets (ROA) | 1.05% |
| Return on Equity (ROE) | 9.19% |
| Net Interest Margin | 3.62% |
| Efficiency Ratio | 55.37% |
| Tier 1 Risk-Based Capital Ratio | 14.697% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.09% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 11.541% |
| Earning Assets to total Assets | 94.49% |
Income and Expense
| Total Interest Income | $14.40M |
| Total Noninterest Income | $744.00k |
| Total Interest Expense | $5.92M |
| Total Noninterest Expense | $5.11M |
| Net Interest Income | $8.48M |
| Pre-tax Net Operating Income | $3.89M |
| Provision for Credit Losses | $230.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $2.17M |
| Other borrowed funds | $52.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $10.44M |
| Total Liabilities and Capital | $996.88M |
Securities
| Securities | $88.45M |
| Available-for-sale debt securities | $21.18M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $67.27M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Magyar Bank?
$996.88M as of the latest filing.
How much are Magyar Bank's total deposits?
$819.39M in total deposits.
Where is Magyar Bank located?
New Brunswick, NJ.
What is the Net Interest Margin?
3.62%.
How many domestic offices does it operate?
7.
When was it established?
01/01/1922.
What is the Return on Assets (ROA)?
1.05%.
How much are total loans and leases?
$849.00M (latest filing).
What is the total interest income (latest filing)?
$14.40M.