Bank · FDIC insured
Magyar Bank (New Brunswick, NJ)
A $1B bank headquartered in New Brunswick, NJ, with 7 branches in New Jersey. Best rates: CDs 4.25% and savings 0.50% APY.
Magyar Bank (New Brunswick, NJ) Carrot Score
80
Carrot Score
Higher than 53% of U.S. banks and credit unions
#74 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Magyar Bank (New Brunswick, NJ)
Founded in New Brunswick, NJ on August 15, 1922 as Magyar Building & Loan Association, the institution was established to support the local Hungarian population's banking and home ownership needs.
After several charter conversions and name changes, it became Magyar Savings Bank in 1993 and adopted the Magyar Bank name in 2005.
The bank is owned by parent company Magyar Bancorp, which began trading on NASDAQ in 2006 and converted to a stock holding company in 2021.
- Headquarters
- 400 Somerset St, New Brunswick, NJ 08901
- FDIC certificate
- 30704 ↗
Branches
7 branches in New Jersey
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New Jersey
7 branches
- Magyar BankMain office400 Somerset St, New Brunswick, NJ 08901Directions
- Branchburg Branch1000 Route 202 S, Branchburg, NJ 08876Directions
- 976 Inman Ave Branch976 Inman Ave, Edison, NJ 08820Directions
- Tano Mall Branch1199 Amboy Ave, Edison, NJ 08837Directions
- Martinsville Branch1990 Washington Valley Road, Martinsville, NJ 08836Directions
- North Brunswick Branch582 Milltown Rd, North Brunswick, NJ 08902Directions
- 3050 Highway 27 Branch3050 Highway 27, South Brunswick, NJ 08824Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.29% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.04% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.25% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $103 | $88 | — |
- CapitalLeverage ratio11.29%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.04%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.25%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$103Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Magyar Bank (New Brunswick, NJ) are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.