MAGYAR BANCORP, INC. (NASDAQ:MGYR) Files An 8-K Results of Operations and Financial Condition
Item 2.02
|
Results of Operations and Financial Condition |
On January 25, 2017, Magyar Bancorp, Inc. (the Company) issued a
press release regarding its results of operations and financial
condition at and for the three months ended December 31, 2016.
The text of the press release is included as Exhibit 99.1 to this
report. The information included in the press release text is
considered to be furnished under the Securities Exchange Act of
1934. The Company will include final financial statements and
additional analyses at and for the three months ended December
31, 2016, as part of its Form 10-Q.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Financial Statements of businesses acquired. Not Applicable. |
| (b) | Pro forma financial information. Not Applicable. |
| (c) | Shell Company Transactions. Not Applicable |
| (d) | Exhibits. |
The following Exhibit is attached as part of this report:
| 99.1 |
Press release dated January 25, 2017, announcing the Companys results of operations and financial condition at and for the three months ended December 31, 2016. |
About MAGYAR BANCORP, INC. (NASDAQ:MGYR)
Magyar Bancorp, Inc. is a holding company of Magyar Bank (the Bank). The Bank’s principal business consists of attracting retail deposits from the public in the areas surrounding its main office in New Brunswick, New Jersey and its branch offices located in Middlesex and Somerset Counties, New Jersey. The Bank invests these deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration (SBA) loans, construction loans and investment securities. The Bank’s primary sources of funds are deposits, borrowings, and principal and interest payments on loans and securities. The Bank’s deposits include certificates of deposit, demand, savings, negotiable order of withdrawal (NOW) and money market accounts. MAGYAR BANCORP, INC. (NASDAQ:MGYR) Recent Trading Information
MAGYAR BANCORP, INC. (NASDAQ:MGYR) closed its last trading session up +0.01 at 13.25 with 0 shares trading hands.
