Magyar Bank
New Brunswick, New Jersey · FDIC Cert #30704
Magyar Bank is an FDIC-insured bank (Certificate #30704) with $944M in total assets and $797M in total deposits as of the Q2 2024 Call Report. Headquartered in New Brunswick, New Jersey, the bank maintains a Tier 1 capital ratio of 14.73% (Well-Capitalized) and a nonperforming loan ratio of 0.60%. BankHealthData assigns a composite Health Grade of B (77/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Magyar Bank (FDIC cert 30704) is a community bank — $944M in total assets, $797M in deposits, serving the New Brunswick, New Jersey area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 14.73% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.60% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 15.2% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 1.10% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Magyar Bank carries a composite BankHealth grade of B (77/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Magyar Bank
- Total Assets
- $944M
- Total Deposits
- $797M
- Tier 1 Capital Ratio
- 14.73%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.60%
- Liquidity Ratio
- 15.21%
- Return on Assets
- 1.10%
- Headquarters
- New Brunswick, New Jersey
- FDIC Certificate
- #30704
- Health Grade
- B (77/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Magyar Bank holds a Tier 1 capital ratio of 14.73%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Magyar Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Magyar Bank shows strong financial health indicators. With $944M in assets and a Health Score of 77/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Magyar Bank Compares
Magyar Bank’s Health Score of 77 is 5 points above the New Jersey state average of 72 across 48 FDIC-insured banks. Its 14.73% Tier 1 capital ratio is 0.7 points above the US banking industry average near 14%. The 0.60% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.10% is below the national ROA benchmark of ~1.1%. Among 1071 similarly-sized banks, the average Health Score is 71, meaning this bank ranks above its size cohort. Site-wide, Magyar Bank is 7 points above the portfolio average of 70.
Frequently Asked Questions
Magyar Bank has a Bank Health Score of B (77/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 14.73%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Magyar Bank's Tier 1 capital ratio of 14.73% and nonperforming loan ratio of 0.60% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Magyar Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #30704). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Magyar Bank holds $944M in total assets and $797M in total deposits. It is headquartered in New Brunswick, New Jersey (FDIC Certificate #30704).
Magyar Bank has a Tier 1 capital ratio of 14.73%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.60%, and the return on assets is 1.10%.
Yes. Magyar Bank is FDIC-insured (Certificate #30704). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Magyar Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.