Magyar Bank

Overview / Commentary

www.magbank.com

732-342-7600

400 Somerset Street
New Brunswick, NJ 08901

Magyar Bank was founded in 1922 by a group of Hungarian immigrants and businessmen looking for a bank to help them achieve the American Dream. The name "Magyar" is the Hungarian word to describe an individual from Hungary. Over the years, the bank has moved beyond serving this original group, but Magyar is still about achieving dreams—whether those dreams are homeownership, business growth, educating a child, or community and business development. Magyar remains committed to its shareholders, customers, and communities.

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	30704
Year Established	1922
Employees	106
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.87%
Return on Equity - YTD	8.02%
Annual Interest Income	$24.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$943.9MM$857.2MM
Loans	Q2 2024vs Q2 2023	$751.7MM$693.3MM
Deposits	Q2 2024vs Q2 2023	$796.9MM$703.7MM
Equity Capital	Q2 2024vs Q2 2023	$102.5MM$93.2MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$7.7MM$8.4MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$4.6MM$3.6MM
Real Estate Owned	Q2 2024vs Q2 2023	$842K$292K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Magyar Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	$100	-	Statement Savings
0.50%	$100	-	Business Statement Savings Account

Magyar Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%^*	$100k^*	-	Business Premium Money Market Plus
OTHER TIERS: 0.10% → $0 - $10k \| 0.75% → $10k - $100k
1.50%^*	$100k^*	-	Advantage Money Market
OTHER TIERS: 0.05% → $0 - $10k \| 0.50% → $10k - $100k

Magyar Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$50k^*	-	Premium Checking
OTHER TIERS: 0.05% → $0 - $10k \| 0.50% → $10k - $50k
0.15%	$1k	-	Non-Profit Checking with Interest
0.10%^*	$10k^*	-	Magyar Interest Checking
OTHER TIERS: 0.05% → $1k - $10k
0.05%	$1k	-	Sole Proprietary Checking

Magyar Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$2.5k	-	120 Month CD
4.00%	$2.5k	-	Business 120 Month CD
4.00%	$2.5k	-	15 Month CD.
4.00%	$2.5k	-	Business 15 Month CD
4.00%	$2.5k	-	9 Month-New Money
4.00%	$2.5k	-	Business 9 Month CD- New Money
3.50%	$2.5k	-	60 Month CD
3.50%	$2.5k	-	Business 60 Month CD
3.25%	$2.5k	-	48 Month CD
3.25%	$2.5k	-	Business 48 month CD
3.00%	$2.5k	-	36 Month CD
3.00%	$2.5k	-	Business 36 Month CD
2.50%	$1k	-	12 Month CD
2.50%	$2.5k	-	18 Month CD
2.50%	$2.5k	-	24 Month CD
2.50%	$1k	-	Business 12 Month CD
2.50%	$2.5k	-	Business 18 month CD
2.50%	$2.5k	-	Business 24 Month CD
1.50%	$1k	-	182 Day CD
1.50%	$1k	-	Business 182 Day CD
1.00%	$1k	-	91 Day CD
1.00%	$1k	-	Business 91 Day CD

Magyar Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$500	-	15 Month IRA
4.00%	$500	-	9 Month IRA- New Money
3.50%	$500	-	60 Month IRA
3.25%	$500	-	48 Month IRA
3.00%	$500	-	36 Month IRA
2.50%	$500	-	18 Month IRA
2.50%	$500	-	24 Month IRA
2.50%	$100	-	12 Month Add-On IRA
1.50%	$500	-	182 Day IRA

Locations

Magyar Bank Locations
Branchburg Branch	1000 Route 202	Branchburg, NJ 08876
North Edison Branch	1167 Inman Avenue	Edison, NJ 08820
3050 Highway 27 Branch	3050 Highway 27	South Brunswick, NJ 08824
Magyar Bank	400 Somerset St	New Brunswick, NJ 08901
Bridgewater Branch	475 North Bridge Street	Bridgewater, NJ 08807
North Brunswick Branch	582 Milltown Road	North Brunswick, NJ 08902
Tano Mall Branch	1199 Amboy Ave.	Edison, NJ 08837

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