XML 72 R62.htm IDEA: XBRL DOCUMENT
v3.22.4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - Schedule of Information Regarding Derivatives - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2022 | Sep. 30, 2022
Interest Rate Swap [Member] |  |
Classified in Other Assets: |  |
Notional Amount | $ 36,833 | $ 19,512
Average Maturity (Years) | 4 years 10 months 24 days | 5 years 10 months 24 days
Weighted Average Fixed Rate | 4.95% | 3.63%
Weighted Average Variable Rate | 1 Mo. BSBY + 2.44 | 1 Mo. LIBOR + 2.50
Fair Value | $ 2,471 | $ 2,275
3rd Party Interest Rate Swaps [Member] |  |
Classified in Other Assets: |  |
Notional Amount | $ 36,833 | $ 19,512
Average Maturity (Years) | 4 years 10 months 24 days | 5 years 10 months 24 days
Weighted Average Fixed Rate | 4.95% | 3.63%
Weighted Average Variable Rate | 1 Mo. BSBY + 2.44 | 1 Mo. LIBOR + 2.50
Fair Value | $ 2,471 | $ 2,275
Interest Rate Swap One [Member] |  |
Classified in Other Assets: |  |
Notional Amount |  | $ 6,940
Average Maturity (Years) |  | 4 years 7 months 6 days
Weighted Average Fixed Rate |  | 6.13%
Weighted Average Variable Rate |  | 1 Mo. BSBY + 3.00
Fair Value |  | $ 212
Classified in Other Assets [Member] |  |
Classified in Other Assets: |  |
Notional Amount |  | $ 26,452
Average Maturity (Years) |  | 5 years 2 months 12 days
Weighted Average Fixed Rate |  | 4.88%
Fair Value |  | $ 2,487
Other Interest Rate Swap [Member] |  |
Classified in Other Assets: |  |
Notional Amount |  | $ 6,940
Average Maturity (Years) |  | 4 years 7 months 6 days
Weighted Average Fixed Rate |  | 6.13%
Weighted Average Variable Rate |  | 1 Mo. BSBY + 3.00
Fair Value |  | $ 212
Classified in Other Liabilities [Member] |  |
Classified in Other Assets: |  |
Notional Amount |  | $ 26,452
Average Maturity (Years) |  | 5 years 2 months 12 days
Weighted Average Fixed Rate |  | 4.88%
Fair Value |  | $ 2,487

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

X
- Definition Weighted Average Variable Rate. + References No definition available. + Details
Name: | mgyr_DerivativesWeightedAverageVariableRate
Namespace Prefix: | mgyr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Average fixed interest rate related to the group of interest rate derivatives. + References No definition available. + Details
Name: | us-gaap_DerivativeAverageFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Average remaining period until maturity of the derivative contract, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DerivativeAverageRemainingMaturity1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of the assets less the liabilities of a derivative or group of derivatives. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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_DerivativeFairValueOfDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=mgyr_ThirdPartyInterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=mgyr_InterestRateSwapOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=mgyr_ClassifiedInOtherAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=mgyr_OtherInterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=mgyr_ClassifiedInOtherLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |