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Magyar Bancorp (Magyar Bancorp) Scaled Net Operating Assets : 0.08 (As of Mar. 2024)


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What is Magyar Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Magyar Bancorp's operating assets for the quarter that ended in Mar. 2024 was $866.66 Mil. Magyar Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $792.13 Mil. Magyar Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $916.74 Mil. Therefore, Magyar Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.08.

Magyar Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Magyar Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2023 )
=(Operating Assets (A: Sep. 2023 )-Operating Liabilities (A: Sep. 2023 ))/Total Assets (A: Sep. 2022 )
=(834.76-772.987)/798.543
=0.08

where

Operating Assets(A: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=907.292 - 72.532
=834.76

Operating Liabilities(A: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=802.502 - 25.131 - 4.384
=772.987

Magyar Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(866.662-792.133)/916.739
=0.08

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=928.564 - 61.902
=866.662

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=820.929 - 28.796 - 0
=792.133

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magyar Bancorp (Magyar Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Magyar Bancorp Inc (NAS:MGYR) » Definitions » Scaled Net Operating Assets
Comparable Companies
BNCC PFBX CNBB HARL CULL PBHC SFDL OPOF UBCP PMHG NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
400 Somerset Street, New Brunswick, NJ, USA, 08901
Website
https://www.magbank.com
Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.
Executives
Michael F Lombardi director 1862 OAK TREE RD., C/O LOMBARDI & LOMBARDI, EDISNO NJ 08818
Maureen Ruane director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Susan Eisenhauer director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Peter Mcintyre Brown officer: SVP and CLO 400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Joseph A Yelencsics director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Jon Ansari officer: Senior Vice President, C.F.O. 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
John S Fitzgerald officer: EVP and Chief Lending Officer 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Lukacs Joseph J Jr director, other: Chairman of the Board 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Stokes Edward C Iii director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Brian Stanley officer: SVP and Chief Lending Officer 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Elizabeth E Hance director, officer: President and CEO 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Salvatore J Romano director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Thomas Lankey director, other: Vice Chairman of the Board 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Andrew G Hodulik director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Martin A Lukacs director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903