XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2023
Financial Instruments With Off-Balance Sheet Risk [Abstract] |
Schedule of information regarding derivatives |
|  | Notional Amount |  |  | Average Maturity (Years) |  |  | Weighted Average Fixed Rate |  |  | Weighted Average Variable Rate |  | Fair Value |
|  | (Dollars in thousands) |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 36,565 |  |  |  | 4.7 |  |  |  | 4.95% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 2,206 |
Total |  | $ | 36,565 |  |  |  | 4.7 |  |  |  | 4.95% |  |  |  |  | $ | 2,206 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 36,565 |  |  |  | 4.7 |  |  |  | 4.95% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 2,206 |
Total |  | $ | 36,565 |  |  |  | 4.7 |  |  |  | 4.95% |  |  |  |  | $ | 2,206 |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 19,512 |  |  |  | 5.9 |  |  |  | 3.63% |  |  | 1 Mo. LIBOR + 2.50 |  | $ | 2,275 |
|  | $ | 6,940 |  |  |  | 4.6 |  |  |  | 6.13% |  |  | 1 Mo. BSBY + 3.00 |  | $ | 212 |
Total |  | $ | 26,452 |  |  |  | 5.2 |  |  |  | 4.88% |  |  |  |  | $ | 2,487 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 19,512 |  |  |  | 5.9 |  |  |  | 3.63% |  |  | 1 Mo. LIBOR + 2.50 |  | $ | 2,275 |
|  | $ | 6,940 |  |  |  | 4.6 |  |  |  | 6.13% |  |  | 1 Mo. BSBY + 3.00 |  | $ | 212 |
Total |  | $ | 26,452 |  |  |  | 5.2 |  |  |  | 4.88% |  |  |  |  | $ | 2,487 |
Schedule of financial instruments with off-balance-sheet risk |
|  | March 31, |  |  | September 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Financial instruments whose contract amounts represent credit risk (in thousands) |  |  |  |  |  |  |  |
Letters of credit |  | $ | 939 |  |  | $ | 740 |
Unused lines of credit |  |  | 94,762 |  |  |  | 73,825 |
Fixed rate loan commitments |  |  | 670 |  |  |  | 2,550 |
Variable rate loan commitments |  |  | 23,876 |  |  |  | 49,913 |
Totals |  | $ | 120,247 |  |  | $ | 127,028 |

X
- References No definition available. + Details
Name: | mgyr_FINANCIALINSTRUMENTSWITHOFFBALANCESHEETRISKTablesLineItems
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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + 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 -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration