XML 25 R35.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

BORROWINGS (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of maturities of FHLBNY advances | Long term FHLBNY advances as of September 30, 2019 mature as follows (in thousands):
Year Ending September 30, |  |  |
2020 |  | $ | 10,294 |
2021 |  |  | 7,130 |
2022 |  |  | 10,731 |
2023 |  |  | 3,650 |
2024 |  |  | 4,384 |
Thereafter |  |  | — |
Total |  | $ | 36,189 |
Schedule of short-term arrangements with the FHLBNY | Additionally, the Company has established an Overnight Line of Credit arrangement with the FHLBNY. The total amount available under the line of credit is based on the amount of eligible collateral pledged to the FHLBNY. At September 30, 2019 and 2018, the Company had available credit from the FHLBNY totaling $76.7 million and $78.7 million, respectively. Information concerning short-term borrowings with the FHLBNY is summarized as follows:
|  | September 30, |
|  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
Balance at end of year |  | $ | — |  |  | $ | — |
Weighted average balance during the year |  | $ | 743 |  |  | $ | 3,418 |
Maximum month-end balance during the year |  | $ | 16,800 |  |  | $ | 25,175 |
Average interest rate during the year |  |  | 2.45% |  |  |  | 2.16% |

X
- Definition Tabular disclosure of short-term loan agreements enacted into with the Federal Home Loan Bank of NY. + References No definition available. + Details
Name: | mgyr_InformationConcerningShorttermArrangementsWithFHLBNYTableTextBlock
Namespace Prefix: | mgyr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure identifying maturities of loans enacted into with the Federal Home Loan Bank of NY. + References No definition available. + Details
Name: | mgyr_ScheduleOfMaturitiesOfFhlbnyAdvancesTableTableTextBlock
Namespace Prefix: | mgyr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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