Magyar Bank
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10). Operating profits as a percentage of assets at 1.5%, coupled with a return on assets of 1.1 has resulted in Good (5.2) profitability.
Other Rating Factors:
Excellent current capitalization (9.7 on a scale of 0 to 10) based on a risk-based capital ratio of 15.7 and a capital leverage ratio of 11.0. A current level of 0.8 percent of nonperforming loans to core capital combined with 4.1 percent from a year earlier contributes to the Excellent asset quality (7.4).
Asset Mix:
Comm re (45%), home mtgs (25%), securities (9%), home eq lns (2%), comm loans (2%), cash (1%), consumer loans (0%), other (16%)
States with Branches:
NJ
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Magyar Bancorp, Inc.
Investment Rating
--
Address
400 Somerset Street
New Brunswick, NJ 08901
New Brunswick, NJ 08901
Phone Number
(732) 342-7600
Year Founded
1922
FDIC Number
Website
Largest Affiliates
No affiliate information available.