XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.2.2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

9 Months Ended

Jun. 30, 2022

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]

Schedule of Information Regarding Derivatives

The following table presents summary information regarding these derivatives as of June 30, 2022 and September 30, 2021.

	Notional Amount			Average Maturity (Years)		Weighted Average Fixed Rate		Weighted Average Variable Rate		Fair Value
		(Dollars in thousands)
June 30, 2022
Classified in Other Assets:
Customer interest rate swaps	$	19,676		6.1		3.63%		1 Mo. LIBOR + 2.50		$	1,552
	$	6,985		4.8		6.13%		1 Mo. BSBY + 3.00		$	70
Total	$	26,661		5.5		4.88%				$	1,622
Classified in Other Liabilities:
3rd Party interest rate swaps	$	19,676		6.1		3.63%		1 Mo. LIBOR + 2.50		$	1,552
	$	6,985		4.8		6.13%		1 Mo. BSBY + 3.00		$	70
Total	$	26,661		5.5		4.88%				$	1,622
September 30, 2021
Classified in Other Assets:
Customer interest rate swaps	$	20,111		6.9		3.61%		1 Mo. LIBOR + 2.50		$	183
Classified in Other Liabilities:
3rd Party interest rate swaps	$	20,111		6.9		3.61%		1 Mo. LIBOR + 2.50		$	183

Schedule of fair value, off-balance sheet financial instruments

		June 30,				September 30,
		2022				2021
		(In thousands)
Financial instruments whose contract amounts represent credit risk
Letters of credit		$	750			$	2,901
Unused lines of credit			69,021				63,798
Fixed rate loan commitments			6,132				9,156
Variable rate loan commitments			30,011				14,558
Total		$	105,914			$	90,413

X

- References

No definition available.

+ Details

Name:	mgyr_FinancialInstrumentsWithOffbalanceSheetRiskAbstract
Namespace Prefix:	mgyr_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611

+ Details

Name:	us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration