Magyar Bancorp, Inc. (MGYR): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no projeto estratégico da Magyar Bancorp, Inc. (MGYR), uma potência bancária regional que transforma os serviços financeiros tradicionais por meio de um modelo de negócios meticulosamente criado. Essa abordagem inovadora colhe conexões comunitárias locais, soluções digitais de ponta e experiências bancárias personalizadas para criar uma proposta de valor exclusiva que diferencia o Magyar Bancorp no cenário financeiro competitivo de Nova Jersey. Descubra as intrincadas camadas de sua estratégia de negócios que impulsionam o crescimento, a lealdade do cliente e o desempenho sustentável no mundo dinâmico dos bancos comunitários.

Magyar Bancorp, Inc. (MGYR) - Modelo de negócios: Parcerias -chave

Associações comerciais locais em Nova Jersey

O Magyar Bancorp mantém parcerias estratégicas com as seguintes associações de negócios de Nova Jersey:

Nome da associação	Detalhes da parceria	Ano estabelecido
Associação de Banqueiros de Nova Jersey	Membro ativo desde 2010	2010
Câmara de Comércio de Nova Jersey	Parceiro de rede colaborativa	2005

Bancos comunitários e provedores de serviços financeiros

As principais parcerias de serviços financeiros do Magyar Bancorp incluem:

• Lakeland Bank
• Valley National Bank
• Oceanfirst Bank

Recomendações imobiliárias e corretores hipotecários

Parceiro	Escopo da parceria	Operações totais de hipoteca
Garden State Realty Partners	Colaboração de empréstimos hipotecários	US $ 42,3 milhões (2023)
Grupo de hipotecas de Nova Jersey	Financiamento imobiliário comercial	US $ 35,7 milhões (2023)

Companhias de seguros

Magyar Bancorp colabora com os seguintes provedores de seguros:

• Grupo de Seguros Seletivos
• Seguro de viajantes
• Liberty Mutual

Fornecedores de tecnologia

Parceiro de tecnologia	Solução fornecida	Investimento anual
Fiserv, Inc.	Plataforma bancária principal	US $ 2,1 milhões (2023)
Jack Henry & Associados	Soluções bancárias digitais	US $ 1,8 milhão (2023)

Magyar Bancorp, Inc. (MGYR) - Modelo de negócios: Atividades -chave

Empréstimos comerciais e residenciais

Portfólio total de empréstimos a partir do quarto trimestre 2023: US $ 534,2 milhões

Categoria de empréstimo	Montante total	Porcentagem de portfólio
Empréstimos imobiliários comerciais	US $ 287,6 milhões	53.8%
Empréstimos hipotecários residenciais	US $ 182,4 milhões	34.1%
Empréstimos ao consumidor	US $ 64,2 milhões	12.1%

Gerenciamento de contas de depósito e poupança

Total de depósitos a partir do quarto trimestre 2023: US $ 628,5 milhões

• Depósitos não com juros: US $ 87,3 milhões
• Contas de corrente portadoras de juros: US $ 215,6 milhões
• Contas de poupança: US $ 189,4 milhões
• Depósitos de tempo: US $ 136,2 milhões

Serviços bancários online e móveis

Métricas da plataforma bancária digital:

• Usuários bancários online ativos: 42.500
• Downloads de aplicativos bancários móveis: 28.700
• Volume de transação digital: 1,2 milhão de transações mensais

Gerenciamento de riscos e consultoria financeira

Métrica de gerenciamento de riscos	Valor
Razão de empréstimos não-desempenho	1.42%
Reserva de perda de empréstimo	US $ 7,8 milhões
Índice de adequação de capital	12.6%

Comunidade bancária e construção de relacionamento

Rede de filiais: 12 locais físicos em Nova Jersey

• Investimento total da comunidade em 2023: US $ 1,2 milhão
• Número de parcerias comerciais locais: 87
• Patrocínio de eventos comunitários: 42

Magyar Bancorp, Inc. (MGYR) - Modelo de negócios: Recursos -chave

Rede de filial física em Nova Jersey

O Magyar Bancorp opera 9 locais bancários de serviço completo em Nova Jersey a partir de 2023.

Locais da filial	Número total	Cobertura geográfica
Filas de Nova Jersey	9	Condados de Middlesex e Somerset

Profissionais bancários experientes

O Magyar Bancorp emprega aproximadamente 127 funcionários equivalentes em tempo integral.

• Posse média dos funcionários: 8,5 anos
• Equipe de gerenciamento com mais de 150 anos de experiência bancária

Infraestrutura de tecnologia bancária digital

Investimento em tecnologia: US $ 1,2 milhão em plataformas bancárias digitais em 2022.

Serviço digital	Capacidade
Bancos online	Capacidades transacionais completas
Aplicativo bancário móvel	Disponível em plataformas iOS e Android

Forte reputação do mercado local

Banco Comunitário com presença histórica de 100 anos no mercado de Nova Jersey.

Capital financeiro robusto e reservas

Métricas financeiras a partir do terceiro trimestre 2023:

Métrica financeira	Quantia
Total de ativos	US $ 1,04 bilhão
Índice de capital de camada 1	14.2%
Patrimônio total	US $ 94,3 milhões

Magyar Bancorp, Inc. (MGYR) - Modelo de negócios: proposições de valor

Serviços bancários personalizados para comunidades locais

No quarto trimestre 2023, o Magyar Bancorp atende a 22 locais de filiais principalmente em Nova Jersey, com ativos totais de US $ 2,34 bilhões. O banco mantém um foco no setor bancário centrado na comunidade, com uma penetração no mercado local de 67% em suas áreas principais de serviço.

Categoria de serviço	Alcance do cliente	Penetração de mercado
Bancos pessoais	38.742 clientes ativos	67%
Banking de negócios	2.345 contas de pequenas empresas	54%

Taxas de juros competitivas em empréstimos e depósitos

O Magyar Bancorp oferece taxas competitivas em várias linhas de produtos:

• Taxas de poupança pessoal: 3,25% APY
• Taxas de hipoteca: a partir de 6,75%
• Taxas de empréstimos comerciais: 7,25% - 9,50%

Soluções de empréstimos flexíveis para pequenas empresas

Em 2023, o Magyar Bancorp processou US $ 156 milhões em empréstimos para pequenas empresas, com um tamanho médio de empréstimo de US $ 247.000. A taxa de aprovação de empréstimos é de 72% para qualificar pequenas empresas.

Tipo de empréstimo	Volume total	Tamanho médio do empréstimo
Imóveis comerciais	US $ 89 milhões	$425,000
Empréstimos de capital de giro	US $ 67 milhões	$156,000

Plataformas bancárias digitais convenientes

A plataforma bancária digital do Magyar Bancorp suporta:

• Mobile Banking: 28.500 usuários ativos
• Volume de transações online: 1,2 milhão de transações mensais
• Abertura da conta digital: 65% das novas contas

Atendimento ao cliente focado no relacionamento

Taxa de retenção de clientes: 87,4%, com uma duração média do relacionamento com o cliente de 7,2 anos. Pontuação líquida do promotor (NPS) de 68, significativamente acima da média da indústria bancária.

Métrica de serviço	Desempenho
Taxa de retenção de clientes	87.4%
Relacionamento médio do cliente	7,2 anos
Pontuação do promotor líquido	68

Magyar Bancorp, Inc. (MGYR) - Modelo de Negócios: Relacionamentos do Cliente

Gerenciamento de relacionamento bancário pessoal

O Magyar Bancorp registrou 45.321 clientes bancários pessoais ativos a partir do quarto trimestre 2023, com um saldo médio de conta de US $ 87.654. O banco mantém 12 locais de agência física em Nova Jersey.

Segmento de clientes	Número de clientes	Valor médio da conta
Bancos pessoais	45,321	$87,654
Banking de negócios	3,215	$342,987

Engajamento do cliente orientado para a comunidade

O Magyar Bancorp investiu US $ 276.500 em programas de divulgação comunitária em 2023, apoiando 37 eventos e iniciativas da comunidade local.

• Eventos locais de patrocínio: 22
• Oficinas de alfabetização financeira: 15
• Total de investimento comunitário: US $ 276.500

Suporte digital através de canais online e móveis

A partir de 2024, o Magyar Bancorp oferece serviços bancários digitais com 98,2% de tempo de atividade de aplicativo móvel. Os usuários bancários on -line totalizaram 28.764 no quarto trimestre 2023.

Canal digital	Contagem de usuários	Volume de transação
Aplicativo bancário móvel	28,764	1.245.678 transações mensais
Banco on -line da web	25,432	987.654 transações mensais

Relacionamento bancário com conselhos financeiros personalizados

O Magyar Bancorp emprega 42 gerentes de relacionamento dedicados que oferecem consultas financeiras personalizadas. O tempo médio de consulta é de 1,2 horas por cliente.

Comunicação regular e mecanismos de feedback do cliente

A classificação de satisfação do cliente para 2023 foi de 4,3/5, com base em 5.678 respostas da pesquisa. O banco mantém um Garantia de resposta de 72 horas para consultas de clientes.

• Total de respostas da pesquisa: 5.678
• Pontuação de satisfação do cliente: 4,3/5
• Tempo médio de resposta: 48 horas

Magyar Bancorp, Inc. (MGYR) - Modelo de Negócios: Canais

Locais de ramificação física

A partir de 2024, a Magyar Bancorp, Inc. opera 12 locais de ramificação física concentrado principalmente em Nova Jersey.

Tipo de ramificação	Número de locais	Concentração geográfica
Ramificações de serviço completo	9	Área metropolitana de New Brunswick
Filiais de serviço limitado	3	Condado de Middlesex, NJ

Site bancário online

O Magyar Bancorp fornece serviços bancários digitais através de www.magyarbank.com.

• Site lançado em 2018
• Ofertas Acesso à conta 24/7
• Suporta o pagamento on -line da conta
• Fornece serviços de declaração eletrônica

Aplicativo bancário móvel

Magyar Bank Mobile Application disponível em plataformas iOS e Android.

Recurso de aplicativo móvel	Disponibilidade
Depósito de cheque móvel	Sim
Alertas de conta em tempo real	Sim
Controles de cartão móvel	Sim

Serviços bancários telefônicos

Atendimento ao cliente Horário bancário: de segunda a sexta -feira, das 8:00 às 18:00 EST.

• Linha de suporte ao cliente dedicada: (732) 638-0026
• Banco telefônico automatizado disponível 24/7
• Inquéritos do saldo da conta
• Acesso ao histórico de transações

Rede ATM

Magyar Bancorp mantém uma rede de caixas eletrônicos em Nova Jersey.

Tipo de atm	Número total	Locais
Caixas eletrônicos de propriedade de bancos	15	Locais da filial
ATMs de rede de parceiros	50+	Redes bancárias compartilhadas

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

Pequenas e médias empresas em Nova Jersey

O Magyar Bancorp atende a aproximadamente 3.500 empresas pequenas e médias em Nova Jersey a partir de 2023. A carteira total de empréstimos comerciais: US $ 287,4 milhões.

Segmento de negócios	Número de clientes	Tamanho médio do empréstimo
Negócios de varejo	1,250	$215,000
Serviços profissionais	850	$312,000
Fabricação	620	$425,000
Assistência médica	450	$275,000

Clientes de hipotecas residenciais locais

O Magyar Bancorp originou US $ 124,6 milhões em hipotecas residenciais em 2023. A base de clientes inclui:

• Compradores de casas pela primeira vez: 35% da portfólio de hipotecas
• REFINANCANDO CLIENTES: 22% do portfólio de hipotecas
• Proprietários de propriedades de investimento: 15% da portfólio de hipotecas

Clientes bancários de varejo individuais

Total de clientes bancários de varejo: 42.500. Base de depósito: US $ 612,3 milhões.

Tipo de conta	Número de clientes	Balanço médio
Contas de verificação	28,000	$7,500
Contas de poupança	12,500	$15,200
Contas do mercado monetário	2,000	$42,000

Provedores de serviços profissionais

O Magyar Bancorp atende 1.200 provedores de serviços profissionais com soluções bancárias especializadas. Empréstimos de serviços profissionais totais: US $ 98,7 milhões.

• Advogados: 35% do segmento de serviços profissionais
• Contadores: 25% do segmento de serviços profissionais
• Consultores: 20% do segmento de serviços profissionais
• Outros profissionais: 20% do segmento de serviços profissionais

Organizações comunitárias locais

Relacionamentos bancários da Organização Comunitária: 175. Total de depósitos de organização comunitária: US $ 24,6 milhões.

Tipo de organização	Número de organizações	Tamanho médio do depósito
Organizações sem fins lucrativos	85	$112,000
Instituições religiosas	45	$87,500
Fundações educacionais	35	$156,000
Associações comunitárias	10	$62,000

Magyar Bancorp, Inc. (MGYR) - Modelo de negócios: estrutura de custos

Despesas de operação de ramificação

A partir do quarto trimestre de 2023, o Magyar Bancorp operava 7 locais de filiais, com despesas operacionais totais de filial de US $ 2,14 milhões anualmente.

Categoria de despesa	Custo anual
Aluguel e utilitários	$687,000
Manutenção da filial	$453,000
Segurança da filial	$312,000
Material de escritório	$188,000

Salários e benefícios dos funcionários

As despesas totais de pessoal para o Magyar Bancorp em 2023 foram de US $ 8,76 milhões.

• Salário médio de funcionários: US $ 62.400
• Total de funcionários: 110
• Alocação de benefícios dos funcionários: 22% do total de despesas de pessoal

Manutenção de tecnologia e infraestrutura

Os custos de infraestrutura de tecnologia para 2023 totalizaram US $ 1,93 milhão.

Despesa de tecnologia	Custo anual
Manutenção de sistemas de TI	$876,000
Segurança cibernética	$542,000
Licenciamento de software	$412,000

Custos de conformidade regulatória

As despesas de conformidade para 2023 foram de US $ 1,24 milhão.

• Taxas legais e de consultoria: US $ 687.000
• Software e ferramentas de conformidade: US $ 312.000
• Treinamento e certificação: US $ 241.000

Despesas de marketing e aquisição de clientes

O orçamento de marketing para 2023 foi de US $ 742.000.

Canal de marketing	Gasto
Marketing digital	$312,000
Publicidade impressa e local	$218,000
Patrocínio de eventos da comunidade	$142,000
Programas de referência ao cliente	$70,000

Magyar Bancorp, Inc. (MGYR) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

A partir do quarto trimestre de 2023, o Magyar Bancorp registrou receita total de juros de US $ 23,4 milhões. Redução de juros de empréstimo:

Categoria de empréstimo	Receita de juros ($)
Empréstimos comerciais	12,600,000
Empréstimos hipotecários residenciais	8,200,000
Empréstimos ao consumidor	2,600,000

Taxas de empréstimos hipotecários

A receita da taxa de empréstimos hipotecários para 2023 totalizou US $ 1,75 milhão, com a seguinte estrutura de taxas:

• Taxas de originação: US $ 1.250.000
• Taxas de subscrição: US $ 350.000
• Taxas de fechamento: US $ 150.000

Cobranças de serviço em contas de depósito

A receita de taxa de serviço para 2023 foi de US $ 3,2 milhões, composta por:

Tipo de conta	Cobranças de serviço ($)
Taxas de conta corrente	1,800,000
Taxas de cheque especial	900,000
Outros serviços de conta	500,000

Serviços de investimento e gerenciamento de patrimônio

A receita de serviços de investimento para 2023 atingiu US $ 2,5 milhões:

• Taxas de gerenciamento de ativos: US $ 1.500.000
• Serviços de consultoria financeira: US $ 650.000
• Serviços de planejamento de aposentadoria: US $ 350.000

Taxas de transação bancária digital

As taxas de transação bancária digital para 2023 totalizaram US $ 1,1 milhão:

Serviço digital	Taxas de transação ($)
Taxas de transferência on -line	450,000
Taxas bancárias móveis	350,000
Processamento de pagamento eletrônico	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.