Magyar Bancorp, Inc. (NASDAQ: MGYR)

Magyar Bancorp, Inc. is a bank holding company that owns 100 percent of the outstanding shares of Magyar Bank, a New Jersey chartered savings bank. At September 30 2025 the company reported consolidated assets of $997.7 million total deposits of $814.3 million and stockholders’ equity of $118.8 million. Magyar Bank conducts business from its main office at 400 Somerset Street in New Brunswick New Jersey and operates seven branch offices located in New Brunswick North Brunswick South Brunswick Branchburg Edison and Martinsville New Jersey. The company’s principal business consists of attracting retail deposits from the general public in the areas surrounding its offices and investing those deposits together with funds generated from operations and wholesale funding in various loan types and investment securities. Magyar Bancorp, Inc. operates within the banking and financial services industry with a focus on community banking.

Revenue is generated primarily from interest earned on loans and securities supplemented by fees and service charges. The loan portfolio at September 30 2025 consisted of $533.2 million in commercial real estate loans representing 62.1% of total loans $242.5 million in residential mortgage loans representing 28.2% $29.3 million in construction and land loans representing 3.4% $31.8 million in home equity loans and lines of credit representing 3.7% $20.0 million in commercial business loans representing 2.3% and $2.1 million in other loans representing 0.2%. Investment securities mainly comprise mortgage backed securities and U. S. Government and government sponsored enterprise obligations. The bank also earns revenue from fees and service charges such as account maintenance fees transaction fees and other service related income. The company serves individuals and small to medium sized businesses professionals sole proprietorships and other enterprises that rely on the regional economy of central and northern New Jersey.

Magyar Bancorp, Inc. operates in a highly competitive market that includes large money center and regional banks community banks credit unions and mortgage banking firms. According to the Federal Deposit Insurance Corporation’s Summary of Deposits report the company’s deposit market share was 1.39% in Middlesex County and 0.69% in Somerset County as of June 30 2025. Competitive advantages stem from its focus on building profitable customer relationships its role as a community bank its deep knowledge of the local economy and its ability to deliver personalized relationship lending. The bank maintains strong capital ratios with a common equity Tier 1 ratio of 14.70% a total capital to risk based assets ratio of 15.79% and a Tier 1 leverage ratio of 11.41% indicating it is well capitalized under regulatory standards. Magyar Bank received a Satisfactory rating on its most recent Community Reinvestment Act examination conducted by the FDIC in 2025.

The customer base consists of individuals and small to medium sized businesses professionals sole proprietorships and other enterprises that are primarily located in central and northern New Jersey. Most of the bank’s lending relationships are with small to mid sized businesses and individual consumers who depend on the regional economy for their financial needs. A substantial portion of the loan portfolio is secured by real estate situated in New Jersey including commercial properties residential homes and land development projects. No specific customer names are disclosed in the filing.