Headquartered in New Brunswick, New Jersey, Magyar Bank is a si with $1.0B in total assets and $860.4M in deposits as of Q2 2026. It operates 7 offices. Its charter dates back to 1922.
Based on its Q2 2026 filing, Magyar Bank scores 72/100, which we describe as strong. That is higher than 66% of 897 banks with $1 billion – $10 billion. Among 50 banks headquartered in New Jersey, it ranks 13th. Its strongest component is loan quality (99/100; 0.04%), and its lowest is funding & liquidity (27/100; 102% loans-to-deposits, 42% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 4 points (68 → 72), mostly because the earnings component improved by 6 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 62 |
| Q3 2024 | 68 |
| Q4 2024 | 69 |
| Q1 2025 | 70 |
| Q2 2025 | 68 |
| Q3 2025 | 70 |
| Q4 2025 | 71 |
| Q1 2026 | 71 |
| Q2 2026 | 72 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.92% |
| Q3 2024 | 11.12% |
| Q4 2024 | 11.20% |
| Q1 2025 | 10.91% |
| Q2 2025 | 10.97% |
| Q3 2025 | 11.41% |
| Q4 2025 | 11.42% |
| Q1 2026 | 11.15% |
| Q2 2026 | 11.29% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.60% |
| Q3 2024 | 0.03% |
| Q4 2024 | 0.04% |
| Q1 2025 | 0.01% |
| Q2 2025 | 0.11% |
| Q3 2025 | 0.05% |
| Q4 2025 | 0.04% |
| Q1 2026 | 0.03% |
| Q2 2026 | 0.04% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.87% |
| Q3 2024 | 0.95% |
| Q4 2024 | 0.94% |
| Q1 2025 | 1.13% |
| Q2 2025 | 1.11% |
| Q3 2025 | 1.09% |
| Q4 2025 | 1.14% |
| Q1 2026 | 1.23% |
| Q2 2026 | 1.25% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 72 | $1.0B | 11.29% | 0.04% | 1.25% | 102.3% |
| Q1 2026 | 71 | $1.1B | 11.15% | 0.03% | 1.23% | 98.3% |
| Q4 2025 | 71 | $1.0B | 11.42% | 0.04% | 1.14% | 100.3% |
| Q3 2025 | 70 | $996.9M | 11.41% | 0.05% | 1.09% | 103.6% |
| Q2 2025 | 68 | $986.9M | 10.97% | 0.11% | 1.11% | 101.3% |
| Q1 2025 | 70 | $1.0B | 10.91% | 0.01% | 1.13% | 92.8% |
| Q4 2024 | 69 | $1.0B | 11.20% | 0.04% | 0.94% | 93.3% |
| Q3 2024 | 68 | $951.3M | 11.12% | 0.03% | 0.95% | 96.3% |
| Q2 2024 | 62 | $943.9M | 10.92% | 0.60% | 0.87% | 94.3% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in New Jersey
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Sturdy Savings BankBank Stone Harbor, NJ | 68 out of 100, Moderate | $1.1B | 9.7% | 0.15% | vs |
| Somerset Regal BankBank Bound Brook, NJ | 76 out of 100, Strong | $1.2B | 13.8% | 0.00% | vs |
| Union County Savings BankBank Elizabeth, NJ | 51 out of 100, Below average | $1.5B | 7.8% | 0.91% | vs |
| First Commerce BankBank Lakewood, NJ | 60 out of 100, Moderate | $2.0B | 10.2% | 0.72% | vs |
| The Bank of PrincetonBank Princeton, NJ | 68 out of 100, Moderate | $2.3B | 11.7% | 0.92% | vs |
| Parke BankBank Sewell, NJ | 85 out of 100, Very strong | $2.3B | 15.9% | 0.27% | vs |
Deposit insurance
Is my money safe at Magyar Bank?
Yes. Magyar Bank is an FDIC-insured institution (FDIC certificate #30704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 42.3% of deposits ($364.2M) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.29%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.97% (benchmark: 10%).
7 locations
Branches
Magyar Bank lists 7 offices in 6 cities. Most locations:
- Edison, NJ (2)
- Branchburg, NJ (1)
- Martinsville, NJ (1)
- New Brunswick, NJ (1)
- North Brunswick, NJ (1)
- South Brunswick, NJ (1)
HMDA 2025
Mortgage lending
In 2025, Magyar Bank reported 143 home-loan applications under HMDA (LEI 549300D2IR01BV6NPA49): 111 originated ($53,935,000 total), 16 denied, and 16 withdrawn or closed by the applicant. Its denial rate on decided applications was 12.6%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Magyar Bank
- Former names
- Magyar Savings Bank; Magyar Savings and Loan Association of New Brunswick New Jersey; Magyar Savings Bank, SLA
- Type
- SI
- FDIC certificate #
- 30704
- RSSD ID
- 548771
- Primary regulator
- FDIC
- Holding company
- Magyar Bcorp Inc
- Established
- January 1, 1922
- Headquarters
- 400 Somerset St, New Brunswick, NJ 08901
- Website
- www.magbank.com
- Employees
- 99
Quick answers
Magyar Bank: common questions
Is Magyar Bank FDIC insured?
Yes. Magyar Bank is an FDIC-insured institution (FDIC certificate #30704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Magyar Bank's TellerScore?
72 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Magyar Bank ever failed?
There is no failure record for FDIC certificate #30704 in the FDIC failed bank list.
How many branches does Magyar Bank have?
7 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near New Brunswick
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Wakefern Federal Credit UnionCredit union Elizabeth, NJ | 99 out of 100, Very strong | $12.0M | 24.3% | 0.13% | vs |
| New Jersey Law and Public Safety Credit UnionCredit union Trenton, NJ | 93 out of 100, Very strong | $63.9M | 19.6% | 0.31% | vs |
| Central Jersey Police & Fire Federal Credit UnionCredit union Hamilton, NJ | 91 out of 100, Very strong | $52.3M | 14.4% | 0.48% | vs |
| Public Service E.D. Trenton Federal Credit UnionCredit union Mercerville, NJ | 89 out of 100, Very strong | $2.6M | 49.9% | 0.00% | vs |
| Division 819 Transit Employees Credit UnionCredit union Irvington, NJ | 88 out of 100, Very strong | $16.7M | 17.9% | 1.02% | vs |
| Local 1233 Federal Credit UnionCredit union Newark, NJ | 88 out of 100, Very strong | $14.1M | 17.9% | 0.27% | vs |