Magyar Bancorp MGYR Provision (benefit) for other credit losses
Provision (benefit) for other credit losses at other companies
Other financials
Where this comes from
Reported directly by Magyar Bancorp in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForOtherCreditLosses.
The official record: Magyar Bancorp’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Magyar Bancorp's provision (benefit) for other credit losses?
- Magyar Bancorp (MGYR) reported provision (benefit) for other credit losses of $172K in Q1 2026.
- How has Magyar Bancorp's provision (benefit) for other credit losses changed year-over-year?
- Magyar Bancorp's provision (benefit) for other credit losses increased by 145.7% year-over-year, from $70K to $172K.
- What does provision (benefit) for other credit losses mean?
- An expense charged to earnings to maintain the allowance for credit losses at a level deemed adequate to cover expected losses in non-loan financial assets or off-balance sheet exposures. It serves as a buffer against potential credit deterioration in the institution's broader portfolio.