Applications / Mortgage Analytics / Lenders / New Jersey / Magyar Bank
New Brunswick, NJ · Savings institution · FDIC · $1.0 billion assets · 111 loans in 2025
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111
loans originated, 2025
149
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Magyar Bank, a New Jersey savings bank reporting since at least 1990, makes far more of its loans in majority-minority neighborhoods than similar lenders: 40.5%, against 5.6%.
Its majority-minority share is higher than at more than nine in ten similar lenders, meaning savings institutions making between half and twice as many loans. It has risen from 32.5% in 2020. Poorer neighborhoods (low- and moderate-income, or LMI, tracts) took 26.1% of its loans, against 17.0%, higher than about four in five peers. Its largest market is New York-Newark-Jersey City, which may explain much of this.
Its 111 loans sit near the middle of similar lenders, below their 124. But it lent $53.9 million, against $39.7 million, because its typical loan was $285,000, against $245,000.
Other purposes made up 41.4% of its loans, home purchases 33.3% and refinances 19.8%. It also bought 26 loans from other lenders in 2024 but only 1 in 2025.
Its loans fell from 163 in 2018 to 87 in 2023, then recovered to 111. They rose 5% in 2025, a little behind similar lenders' 7% and the whole market's 10%. The figures do not say what drove the dip.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Magyar Bank took 149 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 41.4% · Purchase 33.3% · Refinance 19.8% · Home improvement 5.4%
Conventional 100.0% · of 111 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Jersey | 106 | 95.5% |
| Pennsylvania | 4 | 3.6% |
| Florida | 1 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lakewood-New Brunswick | 81 |
| Newark | 21 |
| Allentown-Bethlehem-Easton | 4 |
| New York-Jersey City-White Plains | 2 |
| Atlantic City-Hammonton | 1 |
| Philadelphia | 1 |
| St. Petersburg-Clearwater-Largo | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300D2IR01BV6NPA49 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 548771 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 45775 | 1990–1992 |
| Respondent ID (the HMDA filer code before 2018) | 330704 | 1993–2017 |
Established 1 January 1922. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Magyar Bank's data.
Magyar Bank's data
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Magyar Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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