Magyar Bank
Headquartered in New Brunswick, NJ. Part of Magyar Bancorp, Inc. FDIC certificate #30704 · Federal Reserve RSSD 548771.
Total assets
$1.0B
Deposits
$860M
Q2 2026
Active branches
7
Closings since Jan 2020
2
2 openings since Jan 2020
Financial snapshot — Q2 2026
All quarters →Net income (quarter)
$3M
Return on assets
1.25%
Return on equity
10.95%
Noncurrent loan rate
0.04%
Deposits by year (Summary of Deposits)
12019
12020
12021
12022
12023
12024
12025
12026
Values in $ billions, June 30 of each year.
Closings by year
12024
12026
Openings by year
12024
12026
Branches by state
Recent closings
- 1167 INMAN AVE · closed June 30, 2026
- Magyar Bank — Bridgewater, NJbank exits city475 N BRIDGE ST · closed October 31, 2024
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.magbank.com.