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DEPOSITS (Tables) | 12 Months Ended
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Sep. 30, 2021
Deposits [Abstract] |
Schedule of deposits by type of account | A summary of deposits by type of account follows:
|  | September 30, |
|  | 2021 |  |  | 2020 |
|  | (In thousands) |
Demand accounts |  | $ | 181,975 |  |  | $ | 163,562 |
Savings accounts |  |  | 81,724 |  |  |  | 74,923 |
NOW accounts |  |  | 71,325 |  |  |  | 65,447 |
Money market accounts |  |  | 187,898 |  |  |  | 188,023 |
Certificate of deposit |  |  | 101,888 |  |  |  | 110,650 |
Retirement accounts |  |  | 15,004 |  |  |  | 15,725 |
Total deposits |  | $ | 639,814 |  |  | $ | 618,330 |
Schedule of contractual maturities of certificates of deposit | At September 30, 2021, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands): 74 Table of Contents
MAGYAR BANCORP, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
September 30, 2021 and 2020
Year Ending September 30, |  |  |
2022 |  | $ | 72,838 |
2023 |  |  | 17,130 |
2024 |  |  | 8,096 |
2025 |  |  | 6,226 |
2026 and after |  |  | 12,602 |
Total |  | $ | 116,892 |

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