Magyar Bancorp, Inc. (MGYR): Canvas del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de Magyar Bancorp, Inc. (MGYR), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de un modelo de negocio meticulosamente elaborado. Este enfoque innovador teje las conexiones locales de la comunidad, las soluciones digitales de vanguardia y las experiencias bancarias personalizadas para crear una propuesta de valor única que distingue a Magyar Bancorp en el panorama financiero competitivo de Nueva Jersey. Descubra las intrincadas capas de su estrategia comercial que impulsan el crecimiento, la lealtad del cliente y el rendimiento sostenible en el mundo dinámico de la banca comunitaria.

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: asociaciones clave

Asociaciones comerciales locales en Nueva Jersey

Magyar Bancorp mantiene asociaciones estratégicas con las siguientes asociaciones comerciales de Nueva Jersey:

Nombre de la asociación	Detalles de la asociación	Año establecido
Asociación de Banqueros de Nueva Jersey	Miembro activo desde 2010	2010
Cámara de Comercio de Nueva Jersey	Socio de redes colaborativas	2005

Bancos comunitarios y proveedores de servicios financieros

Las asociaciones clave del servicio financiero de Magyar Bancorp incluyen:

• Banco de Lakeland
• Banco Nacional del Valle
• OceanFirst Bank

Desarrolladores inmobiliarios y corredores de hipotecas

Pareja	Alcance de la asociación	Originaciones de hipotecas totales
Garden State Realty Partners	Colaboración de préstamos hipotecarios	$ 42.3 millones (2023)
Grupo hipotecario de Nueva Jersey	Financiamiento de bienes raíces comerciales	$ 35.7 millones (2023)

Compañías de seguros

Magyar Bancorp colabora con los siguientes proveedores de seguros:

• Grupo de seguro selectivo
• Seguro de viajero
• Libertad Mutual

Proveedores de tecnología

Socio tecnológico	Solución proporcionada	Inversión anual
Fiserv, Inc.	Plataforma bancaria central	$ 2.1 millones (2023)
Jack Henry & Asociado	Soluciones de banca digital	$ 1.8 millones (2023)

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: actividades clave

Préstamos comerciales y residenciales

Cartera de préstamos totales a partir del cuarto trimestre 2023: $ 534.2 millones

Categoría de préstamo	Cantidad total	Porcentaje de cartera
Préstamos inmobiliarios comerciales	$ 287.6 millones	53.8%
Préstamos hipotecarios residenciales	$ 182.4 millones	34.1%
Préstamos al consumo	$ 64.2 millones	12.1%

Gestión de cuentas de depósito y ahorro

Depósitos totales a partir del cuarto trimestre 2023: $ 628.5 millones

• Depósitos no por intereses: $ 87.3 millones
• Cuentas corrientes de intereses: $ 215.6 millones
• Cuentas de ahorro: $ 189.4 millones
• Depósitos de tiempo: $ 136.2 millones

Servicios de banca en línea y móvil

Métricas de plataforma de banca digital:

• Usuarios bancarios en línea activos: 42,500
• Descargas de aplicaciones de banca móvil: 28,700
• Volumen de transacciones digitales: 1.2 millones de transacciones mensuales

Gestión de riesgos y asesoramiento financiero

Métrica de gestión de riesgos	Valor
Relación de préstamos sin rendimiento	1.42%
Reserva de pérdida de préstamo	$ 7.8 millones
Relación de adecuación de capital	12.6%

Banca comunitaria y construcción de relaciones

Red de sucursales: 12 ubicaciones físicas en Nueva Jersey

• Inversión comunitaria total en 2023: $ 1.2 millones
• Número de asociaciones comerciales locales: 87
• Patrocinios de eventos comunitarios: 42

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: recursos clave

Red de sucursales físicas en Nueva Jersey

Magyar Bancorp opera 9 ubicaciones de banca de servicio completo en Nueva Jersey a partir de 2023.

Ubicaciones de ramas	Número total	Cobertura geográfica
Ramas de Nueva Jersey	9	Condados de Middlesex y Somerset

Profesionales bancarios experimentados

Magyar Bancorp emplea aproximadamente 127 miembros del personal equivalente a tiempo completo.

• Promedio de la tenencia del empleado: 8.5 años
• Equipo de gestión con más de 150 años de experiencia bancaria

Infraestructura de tecnología de banca digital

Inversión tecnológica: $ 1.2 millones en plataformas de banca digital en 2022.

Servicio digital	Capacidad
Banca en línea	Capacidades transaccionales completas
Aplicación de banca móvil	Disponible en plataformas iOS y Android

Fuerte reputación del mercado local

Banco comunitario con presencia histórica de 100 años en el mercado de Nueva Jersey.

Capital financiero y reservas robustas

Métricas financieras a partir del tercer trimestre 2023:

Métrica financiera	Cantidad
Activos totales	$ 1.04 mil millones
Relación de capital de nivel 1	14.2%
Equidad total	$ 94.3 millones

Magyar Bancorp, Inc. (MGYR) - Modelo de negocio: propuestas de valor

Servicios bancarios personalizados para comunidades locales

A partir del cuarto trimestre de 2023, Magyar Bancorp sirve 22 ubicaciones de sucursales principalmente en Nueva Jersey, con activos totales de $ 2.34 mil millones. El banco mantiene un enfoque en la banca centrada en la comunidad con una penetración del mercado local del 67% en sus áreas principales de servicio.

Categoría de servicio	Alcance del cliente	Penetración del mercado
Banca personal	38,742 clientes activos	67%
Banca de negocios	2.345 cuentas de pequeñas empresas	54%

Tasas de interés competitivas sobre préstamos y depósitos

Magyar Bancorp ofrece tarifas competitivas en múltiples líneas de productos:

• Tasas de ahorro personal: 3.25% APY
• Tasas hipotecarias: a partir del 6.75%
• Tasas de préstamo comercial: 7.25% - 9.50%

Soluciones de préstamos flexibles para pequeñas empresas

En 2023, Magyar Bancorp procesó $ 156 millones en préstamos para pequeñas empresas, con un tamaño de préstamo promedio de $ 247,000. La tasa de aprobación de préstamos es del 72% para las pequeñas empresas calificadas.

Tipo de préstamo	Volumen total	Tamaño promedio del préstamo
Inmobiliario comercial	$ 89 millones	$425,000
Préstamos de capital de trabajo	$ 67 millones	$156,000

Plataformas de banca digital convenientes

La plataforma de banca digital de Magyar Bancorp es compatible con:

• Banca móvil: 28,500 usuarios activos
• Volumen de transacciones en línea: 1.2 millones de transacciones mensuales
• Apertura de la cuenta digital: 65% de las cuentas nuevas

Servicio al cliente centrado en la relación

Tasa de retención del cliente: 87.4%, con una duración promedio de la relación con el cliente de 7.2 años. Puntuación del promotor neto (NP) de 68, significativamente por encima del promedio de la industria bancaria.

Métrico de servicio	Actuación
Tasa de retención de clientes	87.4%
Relación promedio del cliente	7.2 años
Puntuación del promotor neto	68

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: relaciones con los clientes

Gestión de la relación bancaria personal

Magyar Bancorp informó 45,321 clientes activos de banca personal a partir del cuarto trimestre de 2023, con un saldo de cuenta promedio de $ 87,654. El banco mantiene 12 ubicaciones de sucursales físicas en Nueva Jersey.

Segmento de clientes	Número de clientes	Valor de cuenta promedio
Banca personal	45,321	$87,654
Banca de negocios	3,215	$342,987

Compromiso del cliente orientado a la comunidad

Magyar Bancorp invirtió $ 276,500 en programas de divulgación comunitaria en 2023, apoyando a 37 eventos e iniciativas de la comunidad local.

• Eventos de patrocinio local: 22
• Talleres de educación financiera: 15
• Inversión comunitaria Total: $ 276,500

Soporte digital a través de canales en línea y móviles

A partir de 2024, Magyar Bancorp ofrece servicios de banca digital con 98.2% de tiempo de actividad de la aplicación móvil. Los usuarios de la banca en línea totalizaron 28,764 en el cuarto trimestre de 2023.

Canal digital	Recuento de usuarios	Volumen de transacción
Aplicación de banca móvil	28,764	1,245,678 transacciones mensuales
Banca web en línea	25,432	987,654 transacciones mensuales

Banca de relaciones con asesoramiento financiero personalizado

Magyar Bancorp emplea 42 gerentes de relaciones dedicados que brindan consultas financieras personalizadas. El tiempo de consulta promedio es de 1.2 horas por cliente.

Mecanismos regulares de comunicación y comentarios de los clientes

El índice de satisfacción del cliente para 2023 fue de 4.3/5, basado en 5,678 respuestas a la encuesta. El banco mantiene un Garantía de respuesta de 72 horas para consultas de clientes.

• Respuestas totales de la encuesta: 5,678
• Puntuación de satisfacción del cliente: 4.3/5
• Tiempo de respuesta promedio: 48 horas

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: canales

Ubicaciones de ramas físicas

A partir de 2024, Magyar Bancorp, Inc. opera 12 ubicaciones de ramas físicas Principalmente concentrado en Nueva Jersey.

Tipo de rama	Número de ubicaciones	Concentración geográfica
Ramas de servicio completo	9	Área metropolitana de New Brunswick
Ramas de servicio limitadas	3	Condado de Middlesex, NJ

Sitio web de banca en línea

Magyar Bancorp proporciona servicios de banca digital a través de www.magyarbank.com.

• Sitio web lanzado en 2018
• Oferta Acceso de cuenta 24/7
• Apoya el pago de la factura en línea
• Proporciona servicios de declaración electrónica

Aplicación de banca móvil

Aplicación móvil Magyar Bank disponible en plataformas iOS y Android.

Función de la aplicación móvil	Disponibilidad
Depósito de cheque móvil	Sí
Alertas de cuenta en tiempo real	Sí
Controles de tarjetas móviles	Sí

Servicios de banca telefónica

Servicio al cliente Horario de banca telefónica: lunes a viernes de 8:00 a.m. a 6:00 p.m. EST.

• Línea de atención al cliente dedicada: (732) 638-0026
• Banca telefónica automatizada disponible 24/7
• Consultas de saldo de la cuenta
• Acceso al historial de transacciones

Red de cajeros automáticos

Magyar Bancorp mantiene una red de cajeros automáticos en Nueva Jersey.

Tipo de cajero automático	Número total	Ubicación
Cajeros automáticos	15	Ubicaciones de ramas
ATM de red de socios	50+	Redes bancarias compartidas

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas en Nueva Jersey

Magyar Bancorp sirve aproximadamente 3,500 empresas pequeñas a medianas en Nueva Jersey a partir de 2023. Portafolio total de préstamos comerciales: $ 287.4 millones.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	1,250	$215,000
Servicios profesionales	850	$312,000
Fabricación	620	$425,000
Cuidado de la salud	450	$275,000

Clientes de hipotecas residenciales locales

Magyar Bancorp originó $ 124.6 millones en hipotecas residenciales en 2023. La base de clientes incluye:

• Compradores de viviendas por primera vez: 35% de la cartera de hipotecas
• CLIENTES DE REFINANANCIA: 22% de la cartera de hipotecas
• Propietarios de propiedades de inversión: 15% de la cartera de hipotecas

Clientes de banca minorista individual

Total de clientes de banca minorista: 42,500. Base de depósito: $ 612.3 millones.

Tipo de cuenta	Número de clientes	Saldo promedio
Cuentas corrientes	28,000	$7,500
Cuentas de ahorro	12,500	$15,200
Cuentas del mercado monetario	2,000	$42,000

Proveedores de servicios profesionales

Magyar Bancorp sirve a 1.200 proveedores de servicios profesionales con soluciones bancarias especializadas. Préstamo total de servicios profesionales: $ 98.7 millones.

• Abogados: 35% del segmento de servicios profesionales
• Contadores: 25% del segmento de servicios profesionales
• Consultores: 20% del segmento de servicios profesionales
• Otros profesionales: 20% del segmento de servicios profesionales

Organizaciones comunitarias locales

Relaciones bancarias de la organización comunitaria: 175. Depósitos de organización comunitaria total: $ 24.6 millones.

Tipo de organización	Número de organizaciones	Tamaño de depósito promedio
Organizaciones sin fines de lucro	85	$112,000
Instituciones religiosas	45	$87,500
Bases educativas	35	$156,000
Asociaciones comunitarias	10	$62,000

Magyar Bancorp, Inc. (MGYR) - Modelo de negocio: Estructura de costos

Gastos de operación de rama

A partir del cuarto trimestre de 2023, Magyar Bancorp operaba 7 ubicaciones de sucursales con gastos operativos totales de sucursales de $ 2.14 millones anuales.

Categoría de gastos	Costo anual
Alquiler y servicios públicos	$687,000
Mantenimiento de ramas	$453,000
Seguridad de la rama	$312,000
Material de oficina	$188,000

Salarios y beneficios de los empleados

Los gastos totales de personal para Magyar Bancorp en 2023 fueron de $ 8.76 millones.

• Salario promedio de empleados: $ 62,400
• Total de empleados: 110
• Asignación de beneficios para empleados: 22% de los gastos totales de personal

Mantenimiento de tecnología e infraestructura

Los costos de infraestructura tecnológica para 2023 totalizaron $ 1.93 millones.

Gasto tecnológico	Costo anual
Mantenimiento de sistemas de TI	$876,000
Ciberseguridad	$542,000
Licencia de software	$412,000

Costos de cumplimiento regulatorio

Los gastos de cumplimiento para 2023 fueron de $ 1.24 millones.

• Tarifas legales y de consultoría: $ 687,000
• Software y herramientas de cumplimiento: $ 312,000
• Capacitación y certificación: $ 241,000

Gastos de marketing y adquisición de clientes

El presupuesto de marketing para 2023 fue de $ 742,000.

Canal de marketing	Gasto
Marketing digital	$312,000
Publicidad impresa y local	$218,000
Patrocinios de eventos comunitarios	$142,000
Programas de referencia de clientes	$70,000

Magyar Bancorp, Inc. (MGYR) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos

A partir del cuarto trimestre de 2023, Magyar Bancorp informó ingresos por intereses totales de $ 23.4 millones. Desglose de intereses de préstamo:

Categoría de préstamo	Ingresos de intereses ($)
Préstamos comerciales	12,600,000
Préstamos hipotecarios residenciales	8,200,000
Préstamos al consumo	2,600,000

Tarifas de préstamos hipotecarios

Los ingresos por tarifas de préstamo hipotecario para 2023 totalizaron $ 1.75 millones, con la siguiente estructura de tarifas:

• Tarifas de origen: $ 1,250,000
• Tasas de suscripción: $ 350,000
• Tarifas de cierre: $ 150,000

Cargos de servicio en cuentas de depósito

Los ingresos por cargos por servicio para 2023 fueron de $ 3.2 millones, compuestos por:

Tipo de cuenta	Cargos de servicio ($)
Correcto de tarifas de cuenta	1,800,000
Tarifas de sobregiro	900,000
Otros servicios de cuentas	500,000

Servicios de inversión y gestión de patrimonio

Los ingresos por servicios de inversión para 2023 alcanzaron $ 2.5 millones:

• Tarifas de gestión de activos: $ 1,500,000
• Servicios de asesoramiento financiero: $ 650,000
• Servicios de planificación de jubilación: $ 350,000

Tarifas de transacción bancaria digital

Las tarifas de transacción bancaria digital para 2023 totalizaron $ 1.1 millones:

Servicio digital	Tarifas de transacción ($)
Tarifas de transferencia en línea	450,000
Tarifas de banca móvil	350,000
Procesamiento de pagos electrónicos	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.