Magyar Bank Company Profile and Financial Data

Magyar Bank is a well-established financial institution with a rich history. Founded in 1866, it has been serving the Hungarian community for over 150 years.

Magyar Bank has a strong presence in Hungary, with a network of branches and ATMs across the country. It offers a wide range of financial services, including personal and corporate banking, investment services, and more.

The bank has a significant market share in Hungary, with over 1 million customers and a strong reputation for stability and security.

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Magyar Bank was established on January 1, 1922, marking the beginning of its history. This date provides valuable context for understanding the bank's evolution over time.

The bank operates under the oversight of the Federal Deposit Insurance Corporation (FDIC), which ensures compliance and regulatory adherence. This is a crucial aspect of the bank's operations, providing a safety net for depositors.

Magyar Bank has a physical footprint of 7 domestic offices, but no foreign or US offices. This suggests a focus on serving its local community.

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Here are the key details about Magyar Bank's physical presence:

The bank is directly owned by another bank, but it's not a subsidiary of a larger financial institution. This means it maintains a level of autonomy in its decision-making.

Magyar Bank is a community bank, serving the needs of its local community in New Brunswick, New Jersey. This is reflected in its "Community Bank" designation.

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Magyar Bank boasts a substantial scale with total assets of $1,007,842k. This is a significant indicator of the bank's market presence and financial stability.

The bank's total liabilities stand at $900,000k, which is a crucial component of its financial structure. This amount is substantial, but it's essential to note that it's lower than the bank's total assets.

A closer look at the bank's operational metrics reveals total deposits of $854,609k and net loans and leases at $798k. These figures provide valuable insights into the bank's financial activities and risk management strategies.

Magyar Bank has been serving the community since its establishment on January 1, 1922.

The bank has a substantial scale, boasting total assets of $1,007,842k.

Magyar Bank has a network of 7 domestic offices, showcasing its local market presence.

Its Tier 1 Risk-Based Capital Ratio is 14.5652, indicating a high level of financial stability.

The bank's total liabilities stand at $900,000k, while its total equity capital is $107,842k.

Magyar Bank's loan-to-deposit ratio is 93.33%, which is slightly above the industry average.

The bank's Return on Assets is 0.93, providing valuable insights into its profitability.

Magyar Bank's financial performance is a nuanced breakdown of its financial structure and stability.

Its net loans and leases are $797,628k, and its net interest income is $7,544k.

The bank's efficiency ratio is 61.77, indicating a moderate level of operational efficiency.

Magyar Bank's financial summary provides a comprehensive overview of its performance and competitive positioning.

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Annual revenue is a crucial metric in the financial world, and it's defined as the total income earned by a company or bank within a specific period, usually a year.

Magyar Bank's annual revenue was a notable $27.8 million in 2025, highlighting the importance of this metric in understanding a company's financial health.

A company's annual revenue can fluctuate greatly from year to year, depending on various factors such as market conditions, product demand, and economic trends.

This is evident in the financial reports of companies, where annual revenue is often presented alongside other key metrics like net income and gross margin.

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The average annual salary for employees at Magyar Bank in the United States is $97,535. This translates to an approximate hourly wage of $47.

Salaries at Magyar Bank can vary significantly based on factors such as job role, experience, education level, certifications, and more. The lowest-paid position is Digital Services Specialist, earning around $34,769 annually.

The highest average annual salary at Magyar Bank is $122,986, earned by Business Analysts. This is significantly higher than the average annual salary of $102,377 earned by Contact Center Agents.

Here's a breakdown of average salaries for various roles at Magyar Bank:

These salary ranges give you a general idea of what to expect at Magyar Bank. Keep in mind that individual salaries can vary significantly based on many factors.

Magyar Bank boasts total assets of $1,007,842k, a substantial scale that reflects its influential market presence.

The bank's financial structure is stable, with total liabilities standing at $900,000k and total equity capital at $107,842k.

Total deposits at Magyar Bank amount to $854,609k, a significant component of the bank's financial landscape.

Net loans and leases stand at $798k, a key operational metric that provides insight into the bank's lending activities.

The Tier 1 Risk-Based Capital Ratio is a crucial indicator of financial stability, and for Magyar Bank, it stands at 14.5652.

This ratio is a key measure of the bank's ability to absorb potential losses, and a high ratio is generally a good sign.

Magyar Bank's Return on Assets is 0.93, a metric that indicates the bank's profitability relative to its assets.

The bank's loan-to-deposit ratio is 93.33%, which is slightly higher than the industry average of 80-90%.

This ratio suggests that Magyar Bank may be taking on more risk by lending a larger proportion of its deposits.

Despite its local focus, Magyar Bank has a network of 7 domestic offices, indicating a broader operational reach.

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Magyar Bank is a Hungarian financial institution with a rich history dating back to 1867. It was established as a state-owned bank, providing financial services to the Hungarian government and its citizens.

The bank has undergone significant transformations over the years, including privatization in 1992, which allowed it to operate independently and make its own business decisions.

The President and CEO of Magyar Bank is John Fitzgerald. He's the one in charge of making key decisions for the company.

NAICS Code is a crucial piece of information for any business, and it's essential to get it right. The NAICS code for Magyar Bank is 522110, 52, 522, 52211, and 5221.

A NAICS code is a six-digit number that categorizes a business by its industry, and it's used for statistical purposes. This code helps the government and other organizations understand the economy and make informed decisions.

Magyar Bank's NAICS code is specific to the banking industry, which is classified under the code 522110.

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Magyar Bank has its headquarters in New Brunswick, NJ. The average salary of Magyar Bank is $97,535 in the United States. This location is a key factor in determining salaries, which can vary significantly depending on local economic conditions.

Companies Located Near Magyar Bank are relatively close to each other, with some even sharing a similar industry.

Magyar Bank has several neighboring companies in the financial sector, such as banks and credit unions.

Some of these companies have similar salary ranges to Magyar Bank, while others may offer higher or lower pay.

The proximity of these companies to Magyar Bank makes it easier for employees to commute and network with professionals in the same industry.

The location of Magyar Bank is in an area with a high concentration of financial institutions, which can be beneficial for job seekers and professionals looking to advance their careers.

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Reviews of Magyar Bank can provide valuable insights into the company culture and working conditions.

Company reviews can reveal information on interviewing skill requirements that may be helpful when applying for a position at Magyar Bank.

Reviews may also highlight any negative aspects of the company that can be used to evaluate it as a prospective employer.