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DEPOSITS (Tables)

12 Months Ended

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):

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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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