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REGULATORY CAPITAL | 12 Months Ended
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Sep. 30, 2017
Regulatory Capital Requirements [Abstract] |
REGULATORY CAPITAL | NOTE S - REGULATORY CAPITAL The Company and Bank are required to maintain minimum amounts of capital to total “risk-weighted” assets, as defined by the banking regulators. Failure to meet minimum capital requirements can initiate certain mandatory and possibly discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and Bank’s assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum ratios of Leverage Capital, Tier I and Total Risk-based Capital. The following table sets forth the Company’s and the Bank’s actual and required capital levels under those measures:
|  |  |  |  |  |  |  |  |  |  |  | To be well-capitalized
|  |  |  |  |  |  |  | For capital |  | under prompt corrective
|  | Actual |  |  | adequacy purposes |  | action provisions
|  | Amount |  |  | Ratio |  |  | Amount |  | Ratio |  | Amount |  | Ratio
|  | (Dollars in thousands) |
As of September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 53,936 |  |  |  | 12.62% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 53,726 |  |  |  | 12.57% |  |  | 34,201 |  | ≥ 8.00% |  | 42,751 |  | ≥ 10.00%
Tier 1 Capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 50,461 |  |  |  | 11.80% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 50,251 |  |  |  | 11.75% |  |  | 25,651 |  | ≥ 6.00% |  | 34,201 |  | ≥ 8.00%
Common Equity Tier 1 Capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 50,461 |  |  |  | 11.80% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 50,251 |  |  |  | 11.75% |  |  | 19,238 |  | ≥ 4.50% |  | 27,788 |  | ≥ 6.50%
Tier 1 Capital (to average assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 50,461 |  |  |  | 8.45% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 50,251 |  |  |  | 8.41% |  |  | 23,892 |  | ≥ 4.00% |  | 29,865 |  | ≥ 5.00%
As of September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 51,940 |  |  |  | 12.55% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 50,447 |  |  |  | 12.19% |  |  | 33,099 |  | ≥ 8.00% |  | 41,374 |  | ≥ 10.00%
Tier 1 Capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 48,884 |  |  |  | 11.82% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 47,391 |  |  |  | 11.45% |  |  | 24,825 |  | ≥ 6.00% |  | 33,099 |  | ≥ 8.00%
Common Equity Tier 1 Capital (to risk-weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 48,884 |  |  |  | 11.82% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 47,391 |  |  |  | 11.45% |  |  | 18,618 |  | ≥ 4.50% |  | 26,893 |  | ≥ 6.50%
Tier 1 Capital (to average assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Magyar Bancorp, Inc. |  | $ | 48,884 |  |  |  | 8.53% |  |  | N/A |  | N/A |  | N/A |  | N/A
Magyar Bank |  | $ | 47,391 |  |  |  | 8.27% |  |  | 22,914 |  | ≥ 4.00% |  | 28,642 |  | ≥ 5.00%

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826 + Details
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