XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.6.0.2

PENSION PLAN (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract] |
Schedule of plan's funded status and amounts recognized | The following table sets forth the Plan’s funded status and amounts recognized in the Company’s Consolidated Balance Sheets at September 30, 2016 and September 30, 2015.
|  | At September 30, |
|  | 2016 |  |  | 2015 |
|  | (In thousands) |
Actuarial present value of benefit obligations |  | $ | 4,779 |  |  | $ | 4,337 |
Change in benefit obligations |  |  |  |  |  |  |  |
Projected benefit obligation, beginning |  | $ | 4,337 |  |  | $ | 3,890 |
Interest cost |  |  | 191 |  |  |  | 170 |
Actuarial loss |  |  | 441 |  |  |  | 463 |
Annuity payments and lump sum distributions |  |  | (190 | ) |  |  | (186 | )
Projected benefit obligation, end |  | $ | 4,779 |  |  | $ | 4,337 |
Change in plan assets |  |  |  |  |  |  |  |
Fair value of assets, beginning |  | $ | 2,766 |  |  | $ | 2,860 |
Actual return on plan assets |  |  | 251 |  |  |  | (84 | )
Employer contributions |  |  | 124 |  |  |  | 176 |
Annuity payments and lump sum distributions |  |  | (190 | ) |  |  | (186 | )
Fair value of assets, end |  | $ | 2,951 |  |  | $ | 2,766 |
Funded status included with other liabilities |  | $ | (1,828 | ) |  | $ | (1,571 | )
Schedule of net pension costs | Net pension cost for the years ended September 30, 2016 and 2015 included the following components:
|  | September 30, |
|  | 2016 |  |  | 2015 |
|  | (In thousands) |
Service cost benefits earned during the year |  | $ | — |  |  | $ | — |
Interest cost on projected benefit obligation |  |  | 191 |  |  |  | 170 |
Expected return on plan assets |  |  | (191 | ) |  |  | (198 | )
Amortization of unrecognized net loss |  |  | 139 |  |  |  | 75 |
Net pension cost |  | $ | 139 |  |  | $ | 47 |
Schedule of weighted-average asset allocations by asset category | The Plan’s weighted-average asset allocations at September 30, 2016 and 2015, by asset category are as follows:
|  | September 30, |
|  | 2016 |  |  | 2015 |
Equity securities |  |  | 64% |  |  |  | 62% |
Debt securities (bond mutual funds) |  |  | 36% |  |  |  | 37% |
Other (money market fund) |  |  | 0% |  |  |  | 1% |
Total |  |  | 100% |  |  |  | 100% |
Schedule of expected benefit payments | The following benefit payments are expected to be paid as follows (in thousands):
October 1, 2016 through September 30, 2017 |  | $ | 203 |
October 1, 2017 through September 30, 2018 |  |  | 204 |
October 1, 2018 through September 30, 2019 |  |  | 207 |
October 1, 2019 through September 30, 2020 |  |  | 209 |
October 1, 2020 through September 30, 2021 |  |  | 209 |
October 1, 2021 through September 30, 2026 |  |  | 1,136 |
|  | $ | 2,168 |
Schedule of plan assets that are measured at fair value | The following table presents the Plan assets that are measured at fair value on a recurring basis by level within the fair value hierarchy under ASC Topic 820. Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. See Note R for further detail regarding fair value hierarchy.
|  |  |  |  | Fair Value Measurements at Reporting Date Using: |
|  |  |  |  | Quoted Prices |  |  | Significant |  |  |  |
|  |  |  |  | in Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  | Total |  |  | Assets (Level 1) |  |  | Inputs (Level 2) |  |  | Inputs (Level 3) |
|  | (In thousands) |
At September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment Type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual Funds- Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large-Cap Value |  | $ | 400 |  |  | $ | 400 |  |  | $ | — |  |  | $ | — |
Large-Cap Core |  |  | 414 |  |  |  | 414 |  |  |  | — |  |  |  | — |
Mid-Cap Core |  |  | 198 |  |  |  | 198 |  |  |  | — |  |  |  | — |
Small-Cap Core |  |  | 193 |  |  |  | 193 |  |  |  | — |  |  |  | — |
Non-U.S. Core |  |  | 686 |  |  |  | 686 |  |  |  | — |  |  |  | — |
Mutual Funds- Fixed Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intermediate-Term Core |  |  | 1,055 |  |  |  | 1,055 |  |  |  | — |  |  |  | — |
Cash Equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market |  |  | 5 |  |  |  | 5 |  |  |  | — |  |  |  | — |
Total Investment |  | $ | 2,951 |  |  | $ | 2,951 |  |  | $ | — |  |  | $ | — |
At September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment Type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual Funds- Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large-Cap Value |  | $ | 351 |  |  | $ | 351 |  |  | $ | — |  |  | $ | — |
Large-Cap Core |  |  | 366 |  |  |  | 366 |  |  |  | — |  |  |  | — |
Mid-Cap Core |  |  | 180 |  |  |  | 180 |  |  |  | — |  |  |  | — |
Small-Cap Core |  |  | 171 |  |  |  | 171 |  |  |  | — |  |  |  | — |
Non-U.S. Core |  |  | 638 |  |  |  | 638 |  |  |  | — |  |  |  | — |
Mutual Funds- Fixed Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intermediate-Term Core |  |  | 1,020 |  |  |  | 1,020 |  |  |  | — |  |  |  | — |
Cash Equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market |  |  | 40 |  |  |  | 40 |  |  |  | — |  |  |  | — |
Total Investment |  | $ | 2,766 |  |  | $ | 2,766 |  |  | $ | — |  |  | $ | —

X
- Definition Tabular disclosure of the fair value of defined benefit plan assets. + References No definition available. + Details
Name: | mgyr_ScheduleOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | mgyr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=73719040&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration