Magyar Bancorp Balance Sheet Health
Financial Health criteria checks 6/6
Magyar Bancorp has total assets of $916.7M and total equity of $106.5M. Total deposits are $763.5M, and total loans are $720.9M. It earns a Net Interest Margin of 3.5%. It has sufficient allowance for bad loans, which are currently at 0.7% of total loans. Cash and short-term investments are $53.1M.
Key information
8.6x
Asset to equity ratio
3.5%
Net interest margin
| Total deposits | US$763.55m |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.7% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$53.08m |
Recent financial health updates
No updates
Recent updates
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO For Now
Feb 16
Magyar Bancorp (NASDAQ:MGYR) Is Due To Pay A Dividend Of $0.05
Jan 29Magyar Bancorp (NASDAQ:MGYR) Has Announced A Dividend Of $0.03
Jul 25Magyar Bancorp (NASDAQ:MGYR) Has Announced A Dividend Of $0.03
Apr 25Magyar Bancorp (NASDAQ:MGYR) Will Pay A Dividend Of $0.03
Feb 01Magyar Bancorp declares $0.03 dividend
Jul 26Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO Compensation Is Looking A Bit Stretched At The Moment
Feb 10Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MGYR's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: MGYR has a sufficient allowance for bad loans (158%).
Low Risk Liabilities: 94% of MGYR's liabilities are made up of primarily low risk sources of funding.
Loan Level: MGYR has an appropriate level of Loans to Assets ratio (79%).
Low Risk Deposits: MGYR's Loans to Deposits ratio (94%) is appropriate.
Level of Bad Loans: MGYR has an appropriate level of bad loans (0.7%).