Magyar Bancorp, Inc. · NASDAQ:MGYR
Magyar Bancorp — Shareholder Meeting (February 2012)
25 slides from Magyar Bancorp's shareholder meeting presentation, Feb 22, 2012
Slide 1: Annual Meeting February 22, 2012
Annual Meeting February 22, 2012 M A G Y A R
Slide 2: Forward-Looking Statements
Forward - Looking Statements 3 2 M A G Y A R This presentation contains statements about future events that constitute forward - looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward - looking state
Slide 3: Company Overview
Company Overview M A L V E R N M A G Y A R
Slide 4: Overview of Magyar Bancorp, Inc.
19 Overview of Magyar Bancorp, Inc. 4 ▪ Magyar Bank, a New Jersey chartered savings bank originally founded in 1922, is the wholly owned subsidiary of Magyar Bancorp, Inc. ▪ On January 23, 2006, Magyar Bank completed its reorganization into the mutual holding company form by completing its initial I
Slide 5: Magyar Bank Branch Locations
6 Magyar Bank Branch Locations 5 M A G Y A R Branchburg Bridgewater New Brunswick - HQ North Brunswick Edison South Brunswick
Slide 6: Market Demographic Summary
12 Market Demographic Summary 6 Non - Retail Branches not included. Source: SNL Financial ▪ The population change from 2000 - 2010 for Middlesex and Somerset County was 5.92% and 11.96%, respectively, compared to 4.85% for New Jersey and 10.59% for the United States. ▪ Median household income for 20
Slide 7: Deposits by Branch
12 Deposits by Branch 7 As of 12/31/11. M A G Y A R
Slide 8: 2011 Review
19 2011 Review 8 ▪ Sold $6.3 million in REO property during calendar year 2011 ▪ Non - performing loans declined in 2011, and have declined 27% since 9/30/09 ▪ Construction portfolio declined 40% in FY2011 ▪ In July 2011, a new branch was opened in Edison, NJ ▪ Solid Capital Base with Tangible Commo
Slide 9: Financial Highlights
Financial Highlights M A L V E R N M A G Y A R
Slide 10: Asset Trends
9 Asset Trends 10 Dollars in millions M A G Y A R $473.2 $514.3 $565.2 $537.9 $524.0 $526.3 $0.0 $100.0 $200.0 $300.0 $400.0 $500.0 $600.0 $700.0 9/30/07 9/30/08 9/30/09 9/30/10 09/30/11 12/31/11
Slide 11: Loan Composition
12 Loan Composition 11 M A G Y A R Dollars in millions 40% 38% 39% 41% 41% 41% 21% 23% 24% 28% 31% 33% 25% 23% 21% 14% 9% 7% 7% 9% 8% 8% 9% 10% 3% 4% 5% 6% 6% 6% 4% 4% 3% 3% 3% 3% $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0 $400.0 $450.0 $500.0 9/30/07 9/30/08 9/30/09 9/30/10 09/30/11 12/31
Slide 12: Non-Performing Loans
12 Non - Performing Loans 12 M A G Y A R Dollars in millions
Slide 13: Other Real Estate Owned
12 Other Real Estate Owned 13 M A G Y A R Dollars in millions
Slide 14: Non-Performing Assets
12 Non - Performing Assets 14 M A G Y A R
Slide 15: Sale of Real Estate Owned (REO)
12 Sale of Real Estate Owned (REO) 15 M A G Y A R ▪ Fiscal Year 2011 - Magyar Bank sold nine REO properties with an aggregate carrying value of $3.2 million for a net loss of $107,000 ($.97 cents on the dollar). ▪ 1 st Quarter of Fiscal Year 2012 – Magyar Bank sold 2 properties with an aggregate car
Slide 16: Deposit Composition
12 Deposit Composition 16 Dollars in millions. M A G Y A R 54% 55% 49% 44% 41% 39% 21% 20% 19% 21% 25% 25% 10% 9% 13% 14% 14% 14% 6% 7% 8% 9% 12% 12% 9% 10% 11% 12% 7% 10% $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0 $400.0 $450.0 $500.0 9/30/07 9/30/08 9/30/09 9/30/10 09/30/11 12/31/11 Tota
Slide 17: Checking & Money Market Deposit Growth
$0 $50,000 $100,000 $150,000 $200,000 $250,000 9/30/07 9/30/08 9/30/09 9/30/10 09/30/11 12/31/11 Checking Money Market $188,850 $132,651 $134,637 $178,050 $170,212 $196,640 12 Checking & Money Market Deposit Growth 17 Dollars in thousands. CAGR: Compound Annual Growth Rate M A G Y A R
Slide 18: 10-Year Treasury / Fed Funds
12 10 - Year Treasury / Fed Funds 18 M A G Y A R 2.53% 3.30% 3.47% 3.18% 1.92% 1.89% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 9/30/10 12/31/10 03/31/11 06/30/11 09/30/11 12/31/11 US Treasury - 10yr Fed Funds
Slide 19: Net Interest Margin
12 Net Interest Margin 19 M A G Y A R 3.21% 3.01% 3.14% 3.21% 3.08% 3.07% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 9/30/10 12/31/10 03/31/11 06/30/11 09/30/11 12/31/11
Slide 20: Pre-Tax Quarterly Net Income (Loss)
12 Pre - Tax Quarterly Net Income (Loss) 20 M A G Y A R Dollars in thousands $281 $89 $135 $163 - $601 $75 $159 $38 ($800) ($600) ($400) ($200) $0 $200 $400 3/31/10 6/30/10 9/30/10 12/31/10 3/31/11 6/30/11 9/30/11 12/31/11
Slide 21: MGYR Remains Well-Capitalized
10.2% 8.9% 7.1% 8.2% 8.5% 8.4% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 09/30/07 09/30/08 09/30/09 09/30/10 09/30/11 12/31/11 $48.2 $45.8 $40.0 $44.2 $44.5 $44.1 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 09/30/07 09/30/08 09/30/09 09/30/10 09/30/11 12/31/11 Stockholder’s Equity 21 Tangible Common Equity / Tan
Slide 22: Market Statistics
Market Statistics M A G Y A R
Slide 23: MGYR LTM Stock Price Performance
0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50 1.60 2/18/11 3/18/11 4/18/11 5/18/11 6/18/11 7/18/11 8/18/11 9/18/11 10/18/11 11/18/11 12/18/11 1/18/12 MGYR NASDAQ Bank S&P 500 1.4% 21 MGYR LTM Stock Price Performance 23 MGYR Price on 2/17/12 - $4.95 Data as of February 17, 2012. Source: SNL
Slide 24: 2012 Outlook
19 2012 Outlook 24 ▪ Improve asset quality by continuing to be proactive in our loan monitoring, collection and workout processes in dealing with delinquent or problem loans ▪ Continue to manage capital ▪ Diversifying the balance sheet with a higher concentration in commercial real estate and commer
Slide 25: Questions?
Questions? M A L V E R N M A G Y A R