Magyar Bancorp (MGYR) Loans - Loss Allowance (2012 - 2021)

Magyar Bancorp has reported Loans - Loss Allowance for 9 years, with the latest figure at $8.1 million in Q3 2021.

• For the quarter ending Q3 2021, Loans - Loss Allowance rose 26.17% year-over-year to $8.1 million; the trailing twelve-month figure through Sep 2021 stood at $8.1 million (up 26.17% YoY), and the FY2021 full-year result was $8.1 million, up 26.17% from the prior year.
• Loans - Loss Allowance for Q3 2021 stood at $8.1 million, up from $6.4 million in the prior quarter.
• The five-year high for Loans - Loss Allowance was $8.1 million in Q3 2021, with the low at $3.5 million in Q3 2017.
• Historically, Loans - Loss Allowance has averaged $5.4 million across 5 years, with a median of $4.9 million in 2019.
• Annual changes were most pronounced in 2019 — Loans - Loss Allowance grew 16.38% — and 2020, when it soared 30.93%.
• Magyar Bancorp's Loans - Loss Allowance stood at $3.5 million in 2017, then climbed by 20.86% to $4.2 million in 2018, then gained by 16.38% to $4.9 million in 2019, then jumped by 30.93% to $6.4 million in 2020, then advanced by 26.17% to $8.1 million in 2021.
• The last three Loans - Loss Allowance figures came in at $8.1 million (Q3 2021), $6.4 million (Q3 2020), and $4.9 million (Q3 2019), per Business Quant data.