Magyar Bank: how it compares with its peers
Against 16 NJ banks with half to twice its assets, Magyar Bank's strongest measure in Q2 2026 is net interest margin (3.78% vs. a 3.13% peer median). Its weakest relative measure is assets per employee ($10.6M vs. $10.5M).
| Measure | Magyar Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.25% | 0.63% | Top third Ahead of 81% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.78% | 3.13% | Top third Ahead of 88% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.01% | 72.77% | Top third Ahead of 81% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.6M | $10.5M | Middle third Ahead of 56% of peers |
| Loans to deposits Net loans and leases over total deposits. | 102.25% | 88.47% | Context |
What it means for lending operations
Its efficiency ratio of 52.01% is better than the 72.77% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Haven Savings Bank Hoboken, NJ · $987M
- Sturdy Savings Bank Stone Harbor, NJ · $1.14B
- Somerset Regal Bank Bound Brook, NJ · $1.19B
- New Millennium Bank Fort Lee, NJ · $899M
- Newfield National Bank Newfield, NJ · $889M
- Bogota Savings Bank Teaneck, NJ · $872M
Questions about Magyar Bank
How big is Magyar Bank?
Magyar Bank, established in 1922, is headquartered in New Brunswick, NJ. It reported $1.05B in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is Magyar Bank's return on assets?
1.25% annualized in Q2 2026, against a 0.63% median for 16 NJ banks with half to twice its assets, ahead of 81% of them.
What is Magyar Bank's efficiency ratio?
52.01% in Q2 2026: it spent about 52 cents in noninterest expense for each dollar of revenue. The peer median is 72.77%, and lower is better.
Is Magyar Bank growing its loans?
Net loans grew 5.2% over the year to Q2 2026, while deposits grew 4.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NJ banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New Jersey bank ranked.