Magyar Bancorp, Inc. (MGYR): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Magyar Bancorp, Inc. (MGYR), einem regionalen Bankkonzern, der traditionelle Finanzdienstleistungen durch ein sorgfältig ausgearbeitetes Geschäftsmodell transformiert. Dieser innovative Ansatz verbindet lokale Community-Verbindungen, modernste digitale Lösungen und personalisierte Bankerlebnisse, um ein einzigartiges Wertversprechen zu schaffen, das Magyar Bancorp in der wettbewerbsintensiven Finanzlandschaft von New Jersey hervorhebt. Entdecken Sie die komplexen Schichten ihrer Geschäftsstrategie, die Wachstum, Kundentreue und nachhaltige Leistung in der dynamischen Welt des Community Banking vorantreiben.

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Wirtschaftsverbände in New Jersey

Magyar Bancorp unterhält strategische Partnerschaften mit den folgenden Wirtschaftsverbänden in New Jersey:

Vereinsname	Einzelheiten zur Partnerschaft	Gründungsjahr
New Jersey Bankers Association	Aktives Mitglied seit 2010	2010
Handelskammer von New Jersey	Kollaborativer Netzwerkpartner	2005

Gemeinschaftsbanken und Finanzdienstleister

Zu den wichtigsten Finanzdienstleistungspartnerschaften von Magyar Bancorp gehören:

• Lakeland Bank
• Valley Nationalbank
• OceanFirst Bank

Immobilienentwickler und Hypothekenmakler

Partner	Umfang der Partnerschaft	Gesamtzahl der Hypothekenvergaben
Garden State Realty Partners	Zusammenarbeit bei Hypothekendarlehen	42,3 Millionen US-Dollar (2023)
New Jersey Mortgage Group	Gewerbliche Immobilienfinanzierung	35,7 Millionen US-Dollar (2023)

Versicherungsunternehmen

Magyar Bancorp arbeitet mit folgenden Versicherungsanbietern zusammen:

• Selektive Versicherungsgruppe
• Reiseversicherung
• Liberty Mutual

Technologieanbieter

Technologiepartner	Lösung bereitgestellt	Jährliche Investition
Fiserv, Inc.	Kernbankenplattform	2,1 Millionen US-Dollar (2023)
Jack Henry & Mitarbeiter	Digitale Banking-Lösungen	1,8 Millionen US-Dollar (2023)

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Hauptaktivitäten

Gewerbe- und Wohnkredite

Gesamtkreditportfolio ab Q4 2023: 534,2 Millionen US-Dollar

Kreditkategorie	Gesamtbetrag	Prozentsatz des Portfolios
Gewerbliche Immobilienkredite	287,6 Millionen US-Dollar	53.8%
Hypothekendarlehen für Wohnimmobilien	182,4 Millionen US-Dollar	34.1%
Verbraucherkredite	64,2 Millionen US-Dollar	12.1%

Verwaltung von Einlagen- und Sparkonten

Gesamteinlagen im vierten Quartal 2023: 628,5 Millionen US-Dollar

• Unverzinsliche Einlagen: 87,3 Millionen US-Dollar
• Verzinsliche Girokonten: 215,6 Millionen US-Dollar
• Sparkonten: 189,4 Millionen US-Dollar
• Festgelder: 136,2 Millionen US-Dollar

Online- und Mobile-Banking-Dienste

Kennzahlen zur digitalen Banking-Plattform:

• Aktive Online-Banking-Nutzer: 42.500
• Downloads von Mobile-Banking-Apps: 28.700
• Digitales Transaktionsvolumen: 1,2 Millionen monatliche Transaktionen

Risikomanagement und Finanzberatung

Risikomanagement-Metrik	Wert
Quote der notleidenden Kredite	1.42%
Kreditausfallreserve	7,8 Millionen US-Dollar
Eigenkapitalquote	12.6%

Community Banking und Beziehungsaufbau

Filialnetz: 12 physische Standorte in New Jersey

• Gesamtinvestition der Gemeinschaft im Jahr 2023: 1,2 Millionen US-Dollar
• Anzahl lokaler Geschäftspartnerschaften: 87
• Sponsoring von Gemeinschaftsveranstaltungen: 42

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Schlüsselressourcen

Physisches Filialnetz in New Jersey

Ab 2023 betreibt Magyar Bancorp 9 Full-Service-Banking-Standorte in ganz New Jersey.

Niederlassungsstandorte	Gesamtzahl	Geografische Abdeckung
Filialen in New Jersey	9	Grafschaften Middlesex und Somerset

Erfahrene Bankprofis

Magyar Bancorp beschäftigt rund 127 Vollzeitkräfte.

• Durchschnittliche Betriebszugehörigkeit: 8,5 Jahre
• Managementteam mit insgesamt über 150 Jahren Bankerfahrung

Digitale Banking-Technologie-Infrastruktur

Technologieinvestitionen: 1,2 Millionen US-Dollar in digitale Bankplattformen im Jahr 2022.

Digitaler Service	Fähigkeit
Online-Banking	Vollständige Transaktionsfähigkeiten
Mobile-Banking-App	Verfügbar auf iOS- und Android-Plattformen

Starker Ruf auf dem lokalen Markt

Gemeinschaftsbank mit 100-jähriger Präsenz auf dem Markt von New Jersey.

Robustes Finanzkapital und Reserven

Finanzkennzahlen ab Q3 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	1,04 Milliarden US-Dollar
Kernkapitalquote	14.2%
Gesamteigenkapital	94,3 Millionen US-Dollar

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Wertversprechen

Personalisierte Bankdienstleistungen für lokale Gemeinschaften

Im vierten Quartal 2023 bedient Magyar Bancorp 22 Filialen hauptsächlich in New Jersey mit einem Gesamtvermögen von 2,34 Milliarden US-Dollar. Die Bank konzentriert sich weiterhin auf gemeinschaftsorientiertes Banking mit einer lokalen Marktdurchdringung von 67 % in ihren Kerndienstleistungsbereichen.

Servicekategorie	Kundenreichweite	Marktdurchdringung
Persönliches Banking	38.742 aktive Kunden	67%
Geschäftsbanking	2.345 Kleinunternehmenskonten	54%

Wettbewerbsfähige Zinssätze für Kredite und Einlagen

Magyar Bancorp bietet wettbewerbsfähige Tarife für mehrere Produktlinien:

• Persönliche Sparsätze: 3,25 % effektiver Jahreszins
• Hypothekenzinsen: Ab 6,75 %
• Geschäftskreditzinsen: 7,25 % – 9,50 %

Flexible Kreditlösungen für kleine Unternehmen

Im Jahr 2023 verarbeitete Magyar Bancorp 156 Millionen US-Dollar an Kleinunternehmenskrediten mit einer durchschnittlichen Kredithöhe von 247.000 US-Dollar. Die Kreditgenehmigungsquote für qualifizierte Kleinunternehmen liegt bei 72 %.

Darlehenstyp	Gesamtvolumen	Durchschnittliche Kredithöhe
Gewerbeimmobilien	89 Millionen Dollar	$425,000
Betriebsmitteldarlehen	67 Millionen Dollar	$156,000

Bequeme digitale Banking-Plattformen

Die digitale Bankplattform von Magyar Bancorp unterstützt:

• Mobile Banking: 28.500 aktive Nutzer
• Online-Transaktionsvolumen: 1,2 Millionen monatliche Transaktionen
• Digitale Kontoeröffnung: 65 % der neuen Konten

Beziehungsorientierter Kundenservice

Kundenbindungsrate: 87,4 %, bei einer durchschnittlichen Kundenbeziehungsdauer von 7,2 Jahren. Net Promoter Score (NPS) von 68, deutlich über dem Durchschnitt der Bankenbranche.

Servicemetrik	Leistung
Kundenbindungsrate	87.4%
Durchschnittliche Kundenbeziehung	7,2 Jahre
Net Promoter Score	68

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Kundenbeziehungen

Persönliches Bankbeziehungsmanagement

Magyar Bancorp meldete im vierten Quartal 2023 45.321 aktive Privatbankkunden mit einem durchschnittlichen Kontostand von 87.654 US-Dollar. Die Bank unterhält 12 physische Filialen in ganz New Jersey.

Kundensegment	Anzahl der Kunden	Durchschnittlicher Kontowert
Persönliches Banking	45,321	$87,654
Geschäftsbanking	3,215	$342,987

Community-orientierte Kundenbindung

Magyar Bancorp investierte im Jahr 2023 276.500 US-Dollar in Community-Outreach-Programme und unterstützte 37 lokale Community-Events und -Initiativen.

• Lokale Sponsoring-Events: 22
• Workshops zur Finanzkompetenz: 15
• Gesamtinvestition der Gemeinschaft: 276.500 $

Digitale Unterstützung über Online- und mobile Kanäle

Ab 2024 bietet Magyar Bancorp digitale Bankdienstleistungen an 98,2 % Verfügbarkeit der mobilen App. Die Zahl der Online-Banking-Nutzer belief sich im vierten Quartal 2023 auf 28.764.

Digitaler Kanal	Benutzeranzahl	Transaktionsvolumen
Mobile-Banking-App	28,764	1.245.678 monatliche Transaktionen
Online-Webbanking	25,432	987.654 monatliche Transaktionen

Relationship Banking mit personalisierter Finanzberatung

Magyar Bancorp beschäftigt 42 engagierte Kundenbetreuer, die individuelle Finanzberatungen anbieten. Die durchschnittliche Beratungszeit beträgt 1,2 Stunden pro Kunde.

Regelmäßige Kommunikations- und Kundenfeedbackmechanismen

Die Kundenzufriedenheitsbewertung für 2023 betrug 4,3/5, basierend auf 5.678 Umfrageantworten. Die Bank unterhält eine 72-Stunden-Antwortgarantie für Kundenanfragen.

• Gesamtzahl der Umfrageantworten: 5.678
• Kundenzufriedenheitswert: 4,3/5
• Durchschnittliche Antwortzeit: 48 Stunden

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Kanäle

Physische Zweigstellen

Ab 2024 ist Magyar Bancorp, Inc. tätig 12 physische Filialen hauptsächlich in New Jersey konzentriert.

Zweigtyp	Anzahl der Standorte	Geografische Konzentration
Full-Service-Filialen	9	Metropolregion New Brunswick
Filialen mit eingeschränktem Service	3	Middlesex County, New Jersey

Online-Banking-Website

Magyar Bancorp bietet digitale Bankdienstleistungen über www.magyarbank.com an.

• Website im Jahr 2018 gestartet
• Angebote Kontozugriff rund um die Uhr
• Unterstützt die Online-Rechnungszahlung
• Bietet elektronische Kontoauszugsdienste

Mobile-Banking-Anwendung

Die mobile Anwendung der Magyar Bank ist auf iOS- und Android-Plattformen verfügbar.

Mobile App-Funktion	Verfügbarkeit
Mobile Scheckeinzahlung	Ja
Kontowarnungen in Echtzeit	Ja
Mobile Kartenkontrollen	Ja

Telefon-Banking-Dienste

Telefonische Banking-Öffnungszeiten des Kundendienstes: Montag–Freitag, 8:00–18:00 Uhr EST.

• Spezielle Kundensupport-Hotline: (732) 638-0026
• Automatisiertes Telefonbanking rund um die Uhr verfügbar
• Abfragen des Kontostandes
• Zugriff auf den Transaktionsverlauf

ATM-Netzwerk

Magyar Bancorp unterhält ein Netzwerk von Geldautomaten in ganz New Jersey.

Geldautomatentyp	Gesamtzahl	Standorte
Bankeigene Geldautomaten	15	Niederlassungsstandorte
Geldautomaten des Partnernetzwerks	50+	Gemeinsame Banknetzwerke

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Kundensegmente

Kleine und mittlere Unternehmen in New Jersey

Magyar Bancorp betreut ab 2023 etwa 3.500 kleine und mittlere Unternehmen in New Jersey. Gesamtportfolio an gewerblichen Krediten: 287,4 Millionen US-Dollar.

Geschäftssegment	Anzahl der Kunden	Durchschnittliche Kredithöhe
Einzelhandelsunternehmen	1,250	$215,000
Professionelle Dienstleistungen	850	$312,000
Herstellung	620	$425,000
Gesundheitswesen	450	$275,000

Lokale Wohnhypothekenkunden

Magyar Bancorp hat im Jahr 2023 Wohnhypotheken in Höhe von 124,6 Millionen US-Dollar aufgenommen. Zum Kundenstamm gehören:

• Erstkäufer von Eigenheimen: 35 % des Hypothekenportfolios
• Refinanzierungskunden: 22 % des Hypothekenportfolios
• Eigentümer von als Finanzinvestition gehaltenen Immobilien: 15 % des Hypothekenportfolios

Privatkunden im Privatkundengeschäft

Gesamtkundenzahl im Privatkundengeschäft: 42.500. Einzahlungsbasis: 612,3 Millionen US-Dollar.

Kontotyp	Anzahl der Kunden	Durchschnittlicher Kontostand
Girokonten	28,000	$7,500
Sparkonten	12,500	$15,200
Geldmarktkonten	2,000	$42,000

Professionelle Dienstleister

Magyar Bancorp bedient 1.200 professionelle Dienstleister mit spezialisierten Banklösungen. Gesamtkredite für professionelle Dienstleistungen: 98,7 Millionen US-Dollar.

• Rechtsanwälte: 35 % des professionellen Dienstleistungssegments
• Buchhalter: 25 % des professionellen Dienstleistungssegments
• Berater: 20 % des professionellen Dienstleistungssegments
• Andere Fachkräfte: 20 % des professionellen Dienstleistungssegments

Lokale Gemeinschaftsorganisationen

Bankbeziehungen zu Gemeinschaftsorganisationen: 175. Gesamteinlagen von Gemeinschaftsorganisationen: 24,6 Millionen US-Dollar.

Organisationstyp	Anzahl der Organisationen	Durchschnittliche Einzahlungsgröße
Gemeinnützige Organisationen	85	$112,000
Religiöse Institutionen	45	$87,500
Bildungsstiftungen	35	$156,000
Gemeinschaftsverbände	10	$62,000

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Kostenstruktur

Betriebskosten der Filiale

Im 4. Quartal 2023 betrieb Magyar Bancorp 7 Filialen mit Gesamtbetriebskosten von 2,14 Millionen US-Dollar pro Jahr.

Ausgabenkategorie	Jährliche Kosten
Miete und Nebenkosten	$687,000
Filialwartung	$453,000
Filialsicherheit	$312,000
Bürobedarf	$188,000

Gehälter und Leistungen der Mitarbeiter

Die gesamten Personalkosten für Magyar Bancorp beliefen sich im Jahr 2023 auf 8,76 Millionen US-Dollar.

• Durchschnittliches Mitarbeitergehalt: 62.400 $
• Gesamtzahl der Mitarbeiter: 110
• Zuweisung von Leistungen an Arbeitnehmer: 22 % des gesamten Personalaufwands

Wartung von Technologie und Infrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 1,93 Millionen US-Dollar.

Technologieaufwand	Jährliche Kosten
Wartung von IT-Systemen	$876,000
Cybersicherheit	$542,000
Softwarelizenzierung	$412,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Compliance-Aufwendungen für 2023 beliefen sich auf 1,24 Millionen US-Dollar.

• Rechts- und Beratungskosten: 687.000 US-Dollar
• Compliance-Software und -Tools: 312.000 US-Dollar
• Schulung und Zertifizierung: 241.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Das Marketingbudget für 2023 betrug 742.000 US-Dollar.

Marketingkanal	Ausgaben
Digitales Marketing	$312,000
Print- und lokale Werbung	$218,000
Sponsoring von Gemeinschaftsveranstaltungen	$142,000
Kundenempfehlungsprogramme	$70,000

Magyar Bancorp, Inc. (MGYR) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Im vierten Quartal 2023 meldete Magyar Bancorp einen Gesamtzinsertrag von 23,4 Millionen US-Dollar. Aufschlüsselung der Kreditzinsen:

Kreditkategorie	Zinserträge ($)
Gewerbliche Kredite	12,600,000
Hypothekendarlehen für Wohnimmobilien	8,200,000
Verbraucherkredite	2,600,000

Gebühren für Hypothekendarlehen

Die Einnahmen aus Hypothekendarlehensgebühren beliefen sich im Jahr 2023 auf insgesamt 1,75 Millionen US-Dollar, mit folgender Gebührenstruktur:

• Erstellungsgebühren: 1.250.000 USD
• Zeichnungsgebühren: 350.000 US-Dollar
• Abschlussgebühren: 150.000 US-Dollar

Servicegebühren für Einlagenkonten

Die Einnahmen aus Servicegebühren beliefen sich im Jahr 2023 auf 3,2 Millionen US-Dollar und setzten sich zusammen aus:

Kontotyp	Servicegebühren ($)
Girokontogebühren	1,800,000
Überziehungsgebühren	900,000
Andere Kontodienste	500,000

Investment- und Vermögensverwaltungsdienstleistungen

Der Umsatz aus Wertpapierdienstleistungen erreichte im Jahr 2023 2,5 Millionen US-Dollar:

• Vermögensverwaltungsgebühren: 1.500.000 USD
• Finanzberatungsdienste: 650.000 US-Dollar
• Ruhestandsplanungsdienste: 350.000 $

Gebühren für digitale Banktransaktionen

Die Gebühren für digitale Banking-Transaktionen beliefen sich im Jahr 2023 auf insgesamt 1,1 Millionen US-Dollar:

Digitaler Service	Transaktionsgebühren ($)
Online-Überweisungsgebühren	450,000
Mobile-Banking-Gebühren	350,000
Elektronische Zahlungsabwicklung	300,000

Magyar Bancorp, Inc. (MGYR) - Canvas Business Model: Value Propositions

You're looking at what Magyar Bancorp, Inc. (MGYR) offers its customers and the market, which is fundamentally rooted in its community bank identity. This isn't about abstract promises; it's about concrete performance and focus areas that define their value.

Personalized, relationship-focused community banking service is central to Magyar Bancorp, Inc.'s model. This focus is validated by external recognition; the company was named to the 2025 KBW Bank Honor Roll, an acknowledgment of strong and consistent earnings growth, which reflects successful execution of their community banking strategy. That strategy aims to serve families and businesses in Central New Jersey, where Magyar Bank has operated since 1922. This commitment to local relationships is a core differentiator against larger, less localized institutions.

The expertise in Specialized Commercial Real Estate (CRE) financing is a significant part of their loan book. As of the third quarter of 2025, a substantial portion of their lending focus was evident, with 60% of its loans classified as CRE as of June 2025. This concentration shows a deep commitment and specialized knowledge in that sector. The bank is actively funding growth, as total loans receivable increased to $845.4 million at the end of Q3 2025.

While specific rate comparisons against every competitor aren't public, the results of their pricing strategy are clear in the financial performance. Magyar Bancorp, Inc. demonstrated effective balance sheet management, resulting in a Net Interest Margin (NIM) that expanded to 3.35% in Q3 2025. This expansion, year-over-year, suggests they are managing the cost of deposits while achieving favorable yields on assets, which translates into competitive positioning for local customers. The confidence in this strategy led the Board to raise the quarterly dividend to $0.08 per share in Q3 2025.

The bedrock of their value proposition is Financial stability, which directly impacts customer trust. As of Q3 2025, the bank maintained strong asset quality, with non-performing loans at just 0.11% of total loans. This is a very low absolute level, even though the dollar amount of non-performing loans increased to $0.92 million at June 30, 2025, from $0.232 million at the end of FY24. The overall financial health is reflected in the book value per share, which rose to $18.03 at the quarter's end.

Here's a quick look at the key metrics supporting these value points from the Q3 2025 results:

Metric	Value (Q3 2025 or latest available)	Context
Non-Performing Loans to Total Loans Ratio	0.11%	Financial Stability / Asset Quality
Total Loans Receivable	$845.4 million	CRE Expertise / Loan Growth
Net Interest Margin (NIM)	3.35%	Competitive Rates / Pricing Management
Commercial Real Estate (CRE) Loan Concentration	60% of total loans	Specialized CRE Financing Expertise
Quarterly Net Income (YoY Growth)	$2.47 million (46% increase)	Earnings Strength supporting stability
Book Value Per Share	$18.03	Shareholder Value / Stability

The dedication of the team is also a value driver, as evidenced by the 55.5% year-over-year increase in non-interest income to $0.64 million, aided by higher bank-owned life insurance income and loan-related fees. You see the results of their relationship focus in the 46% rise in net income to $2.47 million for the quarter. That's real value creation.

Magyar Bancorp, Inc. (MGYR) - Canvas Business Model: Customer Relationships

Magyar Bancorp, Inc. supports its customer relationships through a mix of physical presence and direct access to decision-makers, which is key for a community bank serving Central New Jersey.

Dedicated, in-person service at local branch locations

The foundation of the relationship model is the physical footprint. Magyar Bank operates seven branch locations across Middlesex and Somerset Counties, New Jersey, including sites in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison (two locations). This physical network is supported by a total employee count of 111 as of September 30, 2025. The bank's total assets stood at $1.0 billion as of March 31, 2025, indicating the scale of the client base being served through these local touchpoints.

Direct access to commercial lending officers

For business clients, direct access to lending expertise is a stated priority. The organizational structure reflects this commitment, featuring named roles such as the Senior Vice President and Chief Lending Officer, Peter Brown. Furthermore, the team includes multiple dedicated Vice President and Commercial Lender positions, such as Jean McDonnell, Dan Badea, Lillian Lund, and Cuthbert Hamilton, ensuring that commercial clients can connect directly with loan decision-makers. This structure helps facilitate the building of the long-term, trust-based relationships mentioned in the strategy.

Automated self-service via online and mobile platforms

While the emphasis is local, Magyar Bancorp, Inc. supports customer needs through digital channels. The bank provides online banking access, requiring a username and password for entry. Although specific 2025 usage statistics for Magyar Bank's digital platforms are not public, the broader US market context shows that 72% of US adults used mobile banking apps in 2025. Digital platforms are used for functions like check deposits and investment tracking, turning smartphones into personal finance hubs.

Long-term, trust-based relationships with business clients

The success of the relationship focus is reflected in the financial performance. For the fiscal year ended September 30, 2025, Magyar Bancorp reported a net income of $9.8 million. The net interest margin, a key indicator of lending profitability, increased to 3.34% for the year ended September 30, 2025, up from 3.14% the prior year. The President and CEO noted that strong outcomes are a direct result of Magyar's focus on building lasting relationships within the community.

Key Financial and Operational Metrics for Customer Relationship Support (As of Late 2025 Data Points):

Metric	Value	Date/Period Reference
Total Employees	111	September 30, 2025
Total Branch Locations	7	As of April 2025
Total Assets	$1.0 billion	March 31, 2025
Net Interest Margin (NIM)	3.34%	Year ended September 30, 2025
Fiscal Year Net Income	$9.8 million	Year ended September 30, 2025

The relationship model is supported by the personnel dedicated to client interaction:

• Executive Management includes a President & CEO and a Chief Lending Officer.
• Commercial Lenders hold Vice President titles.
• Branch Managers oversee the seven physical locations.
• Relationship managers go out of their way to help meet banking needs.

Magyar Bancorp, Inc. (MGYR) - Canvas Business Model: Channels

You're looking at how Magyar Bancorp, Inc. gets its products and services to its New Jersey customer base. The physical footprint remains a core component, especially for initial deposit gathering and relationship building.

Magyar Bancorp, Inc., through its subsidiary Magyar Bank, maintains a physical presence concentrated in Central New Jersey. As of late 2025, this network consists of exactly seven retail branch locations. These offices are strategically placed across key towns to serve the local community.

Channel Component	Type	Count/Metric (As of FYE 2025)	Primary Function
Retail Branch Offices	Physical	7 Locations	Deposit Gathering, Loan Origination Support
Online Banking	Digital	Active Platform	Account Servicing, Transaction Processing
Mobile Banking Applications	Digital	Active Applications	Convenience Banking, Remote Deposits
Direct Sales Force	Human/Direct	Undisclosed Headcount	Commercial and Residential Lending Origination

The bank relies on its digital channels to complement the physical locations. You can assume they offer both online and mobile banking applications for routine customer interactions. For instance, the average balance of interest-earning assets, which these channels help fund and deploy, reached $954.6 million for the year ended September 30, 2025. The bank reported a net income of $9.8 million for that same fiscal year.

For more complex financial products, Magyar Bancorp, Inc. uses a direct sales approach. This involves a dedicated internal team focused on originating both commercial and residential lending business. This direct contact is key for securing higher-value, relationship-based assets.

Access to cash and transactional convenience is supported through an ATM network. While the exact number of proprietary or partner ATMs isn't publicly detailed in the latest reports, this access point supports the day-to-day needs of the customer base alongside the seven physical branches. The bank obtains certificates of deposit primarily through its branch network and, to a lesser extent, via the brokered CD market.

Here's a quick look at the branch distribution based on available location data:

• New Brunswick (Headquarters)
• North Brunswick
• South Brunswick
• Branchburg
• Bridgewater
• Edison (2 locations)

Finance: draft 13-week cash view by Friday.

Magyar Bancorp, Inc. (MGYR) - Canvas Business Model: Customer Segments

Magyar Bancorp, Inc., through Magyar Bank, focuses its business on serving the local community in Central New Jersey, which dictates its primary customer segments. You see this focus clearly in their deposit gathering and lending strategies.

The core of the lending activity, which defines the key customer segments, is heavily weighted toward commercial real estate and residential mortgages, consistent with a community bank model in the Northeast.

Here is a look at the composition of the loan portfolio, using the most recent detailed figures available, supplemented by year-over-year growth data from late 2025:

Customer Segment Focus (Loan Type)	Portfolio Percentage (As of September 30, 2022)	Portfolio Amount (As of September 30, 2022)	Recent Growth Metric
Commercial Real Estate (CRE) Investors and Developers	54.5%	$342.8 million	Increased $33.9 million in the six months ended March 31, 2025
Residential Mortgage Borrowers (One-to-Four Family)	34.1%	$214.4 million	Increased $3.8 million in the six months ended March 31, 2025
Small to Medium-sized Businesses (SMEs)	5.5%	$34.7 million	Loan portfolio grew 10% for the year ended September 30, 2025
Construction Loans	2.4%	$15.2 million	Lower balances led to lower provision for credit losses in H1 2025

The Commercial Real Estate (CRE) investors and developers segment is clearly the primary lending focus, representing over half of the loan portfolio based on 2022 figures, and it showed significant growth, adding $33.9 million in the first half of fiscal 2025. This segment is vital for Magyar Bancorp, Inc. as it aligns with the bank's role in regional development.

For Small to medium-sized businesses (SMEs), while their loan percentage was smaller in 2022, the segment is a key area of community banking focus. You can see specific historical metrics for this group:

• Total small business loans historically stood at $156.7 million.
• The number of active small business loans was 1,247.
• The average loan size for SMEs was approximately $125,664.
• New Jersey local government policies mandate a small business loan allocation of 22% of the total lending portfolio.

The Local retail customers and families are the source of the bank's funding base, which is critical for its operations. As of June 30, 2025, total deposits were $820.0 million. The bank's geographic footprint is strictly Central New Jersey, with offices in:

• New Brunswick (main office)
• North Brunswick
• South Brunswick
• Branchburg
• Bridgewater
• Edison (2 locations)

Finally, Residential mortgage borrowers represent the second-largest loan category. The bank originates these loans primarily for its portfolio, not for secondary market sale, which speaks to a long-term relationship focus. The total assets of Magyar Bancorp, Inc. reached $997.7 million as of September 30, 2025. The loan portfolio itself grew by 10% during the year ended September 30, 2025.

Magyar Bancorp, Inc. (MGYR) - Canvas Business Model: Cost Structure

The cost structure for Magyar Bancorp, Inc. (MGYR) as of the fiscal year ended September 30, 2025, is heavily weighted toward funding costs and personnel, typical for a community bank focused on loan growth. Total non-interest expenses for the full fiscal year 2025 reached $21.4 million, up 4.9% from the prior year's $20.4 million.

Interest expense on deposits and borrowed funds represents a significant portion of the overall cost base. For the fiscal year ended September 30, 2025, total interest expense was $22.8 million, an increase of $2.2 million, or 10.7%, compared to the $20.6 million reported in fiscal year 2024.

Employee compensation and benefits is the primary driver within non-interest expenses. The increase in compensation and benefits expense for FY 2025 was $893 thousand, representing a 7.6% rise over the previous year. This increase was attributed to annual merit increases, higher medical insurance costs, and elevated incentive plan accruals.

The costs associated with the physical footprint and operational support are detailed below. You'll note that occupancy expenses included specific, non-recurring costs related to office consolidation during the year.

Cost Component	FY 2025 Amount (Millions USD)	Year-over-Year Change
Total Non-Interest Expense	$21.4 million	Up 4.9%
Occupancy Expenses (Total)	$3.5 million	Up $0.188 million (5.7%)
Compensation & Benefits (Increase Only)	N/A (Increase of $0.893M)	Up 7.6%

The Provision for credit losses is a critical, though variable, cost component reflecting the bank's risk management posture against its growing loan portfolio. For the full year ended September 30, 2025, Magyar Bancorp recorded provisions for credit loss totaling $653 thousand. This compares to provisions of $182 thousand for the year ended September 30, 2024.

The specific elements driving the occupancy cost increase are clear when you look at the quarterly trends, which often include seasonal or one-time charges. The cost structure includes:

• Provision for credit losses for FY 2025: $653 thousand.
• Occupancy expenses for FY 2025: $3.5 million.
• Increase in compensation and benefits for FY 2025: $893 thousand.
• Interest expense on deposits and borrowed funds for FY 2025: $22.8 million.

The occupancy expense increase of $188 thousand, or 5.7%, to reach $3.5 million for the year included lease termination expenses related to closing the Bridgewater office. That's a defintely one-time hit to the quarterly run rate, so you'll see that normalize next year.

Magyar Bancorp, Inc. (MGYR) - Canvas Business Model: Revenue Streams

You're looking at how Magyar Bancorp, Inc. (MGYR) actually brings in the money, which for a bank like this, boils down to the spread between what it earns on its assets and what it pays out on its liabilities, plus a few other important fees and gains. It's all about managing that interest-earning portfolio effectively.

The core of the revenue generation comes from Net Interest Income (NII) derived from the loan and investment portfolios. For the full Fiscal Year 2025, which ended September 30, 2025, Magyar Bancorp, Inc. reported Net Interest and Dividend Income of \$31.9 million. This represents a solid increase of 14.0% compared to the prior fiscal year. The net interest margin (NIM) also improved, reaching 3.34% for FY 2025. To give you a more recent snapshot, for the quarter ended September 30, 2025 (Q3 2025), the Net Interest and Dividend Income was \$8.4 million.

Beyond the core interest spread, Magyar Bancorp, Inc. generates revenue from non-interest sources, which are crucial for diversification. These streams include various fees, service charges, and realized gains on asset sales. Honestly, these non-interest items can really move the needle when interest rate environments shift.

We see clear evidence of this in the gains from selling loans. Specifically, gains on the sale of Small Business Administration 7(a) loans were a notable contributor. For the three months ended March 31, 2025 (Q2 2025), the gain on the sale of these SBA 7(a) loans was \$612K. Looking at the full fiscal year 2025, the gains on SBA loans totaled \$1.1 million.

Here's a quick look at how some of these key income components stacked up for the full fiscal year ended September 30, 2025, compared to the prior year:

Revenue Component	FY 2025 Amount (Millions)	FY 2024 Amount (Millions)
Net Interest and Dividend Income	\$31.9	\$28.0
Gains on Sale of SBA Loans	\$1.1	\$0.599
Gains on Sale of Other Real Estate Owned	\$0.229	\$1.3

Another component feeding into the non-interest income is the Income from Bank-Owned Life Insurance (BOLI). While the exact annual dollar amount for BOLI income isn't explicitly broken out for the full year in the same way as NII, it was cited as a factor contributing to the surge in other income during the second quarter of 2025 and aided the non-interest income in Q3 2025.

The category of Loan-related fees and service charges also contributes. For the three months ended September 30, 2025, higher interest rate swap fees and loan service charges increased by \$69 thousand and \$37 thousand, respectively, compared to the prior year period. This shows that fee income is an active, albeit smaller, part of the overall revenue picture.

You can see the mix of non-interest income by looking at the quarterly results:

• Q2 2025 Fee and other income surged 104% year-over-year to \$1.27 million.
• Q3 2025 Non-interest income was reported at \$0.64 million.
• Q3 2025 Non-interest income increased 55.5% year-over-year.

Finance: draft 13-week cash view by Friday.