Magyar Bancorp, Inc. is a bank holding company that owns Magyar Bank, a community bank operating seven full-service branches in central New Jersey serving individuals, small-to-mid-sized businesses, and nonprofit organizations. The bank attracts retail deposits and invests them in a diversified portfolio of residential, commercial real estate, and business loans, while also offering traditional banking services including checking and savings accounts, certificates of deposit, home equity products, and merchant services. Magyar Bank generates revenue primarily from net interest income—the spread between interest earned on loans and investment securities and interest paid on deposits—supplemented by non-interest income from service charges, loan fees, and other banking services.