What does provision for loss on other real estate owned mean?

This metric represents the periodic expense recognized to adjust the carrying value of foreclosed real estate assets to their estimated fair value, less costs to sell. It reflects the bank's assessment of potential losses on non-performing real estate assets acquired through loan defaults. Higher provisions indicate deteriorating asset quality or declining real estate market conditions.

Magyar Bancorp MGYR Provision For Loss On Other Real Estate Owned

Provision For Loss On Other Real Estate Owned at other companies

Equity BancsharesEQBK

$0—

Equity BancsharesEQBK

$0—

Equity BancsharesEQBK

$0—

Southern First BancsharesSFST

$448K-84.2%

Banc of CaliforniaBANC

$44K-83.4%

Equity BancsharesEQBK

$12K—

Other financials

Income statement

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Revenue$7.2M-4.2%

Net income$3.0M+13.0%

EPS (diluted)$0.48+11.6%

Balance sheet

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Cash & equivalents$47.6M-34.7%

Total debt$50.9M+50.1%

Total equity$124.2M+8.6%

Total assets$1.1B+4.6%

Cash flow

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Operating cash flow$3.2M+35.8%

CapEx$329.0K+223%

Free cash flow$2.9M+27.4%

Valuation

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Market cap$112.77M+5.2%

Enterprise value$116.04M-14.8%

P/E10.1×-0.9×

P/S3.7×+0.1×

Profitability

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Net margin24.4%-1.6pp

FCF margin27.6%-2.9pp

Returns & leverage

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Return on equity9.4%+1.3pp

Debt / equity0.4×+0.1×

Where this comes from

Reported directly by Magyar Bancorp in its filing.

Tagged under the XBRL concept mgyr:ProvisionForLossOnOtherRealEstateOwned.

The official record: Magyar Bancorp’s 10-Q, filed August 13, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Magyar Bancorp's provision for loss on other real estate owned?: Magyar Bancorp (MGYR) reported provision for loss on other real estate owned of $1K in Q2 2025.
What does provision for loss on other real estate owned mean?: This metric represents the periodic expense recognized to adjust the carrying value of foreclosed real estate assets to their estimated fair value, less costs to sell. It reflects the bank's assessment of potential losses on non-performing real estate assets acquired through loan defaults. Higher provisions indicate deteriorating asset quality or declining real estate market conditions.