Magyar Bancorp, Inc. Quarterly Interest Expense in USD from Q2 2010 to Q1 2024

Taxonomy & unit: us-gaap: USD
Description: Amount of the cost of borrowed funds accounted for as interest expense.
Summary: Magyar Bancorp, Inc. quarterly/annual Interest Expense history and growth rate from Q2 2010 to Q1 2024.
Magyar Bancorp, Inc. Interest Expense for the quarter ending March 31, 2024 was $5M, a 124% increase year-over-year.
Magyar Bancorp, Inc. Interest Expense for the twelve months ending March 31, 2024 was $15.8M, a 202% increase year-over-year.
Magyar Bancorp, Inc. annual Interest Expense for 2023 was $10.3M, a 316% increase from 2022.
Magyar Bancorp, Inc. annual Interest Expense for 2022 was $2.48M, a 15.5% decline from 2021.
Magyar Bancorp, Inc. annual Interest Expense for 2021 was $2.94M, a 46.7% decline from 2020.

Interest Expense, Trailing 12 Months (USD)

Interest Expense, Quarterly (USD)

Interest Expense, YoY Quarterly Growth (%)

Period	TTM Value	Value	YoY Chg	Change %	Start Date	End Date	Report	Filed
Q1 2024	$15.8M	$5M	+$2.77M	+124%	Jan 1, 2024	Mar 31, 2024	10-Q	2024-05-13
Q4 2023	$13M	$4.31M	+$2.7M	+168%	Oct 1, 2023	Dec 31, 2023	10-Q	2024-02-14
Q3 2023	$10.3M	$3.61M	+$2.73M	+312%	Jul 1, 2023	Sep 30, 2023	10-K	2023-12-15
Q2 2023	$7.6M	$2.89M	+$2.38M	+464%	Apr 1, 2023	Jun 30, 2023	10-Q	2023-08-14
Q1 2023	$5.23M	$2.23M	+$1.7M	+324%	Jan 1, 2023	Mar 31, 2023	10-Q	2024-05-13
Q4 2022	$3.52M	$1.61M	+$1.04M	+182%	Oct 1, 2022	Dec 31, 2022	10-Q	2024-02-14
Q3 2022	$2.48M	$876K	+$275K	+45.8%	Jul 1, 2022	Sep 30, 2022	10-K	2023-12-15
Q2 2022	$2.21M	$512K	-$128K	-20%	Apr 1, 2022	Jun 30, 2022	10-Q	2023-08-14
Q1 2022	$2.34M	$526K	-$218K	-29.3%	Jan 1, 2022	Mar 31, 2022	10-Q	2023-05-12
Q4 2021	$2.56M	$570K	-$386K	-40.4%	Oct 1, 2021	Dec 31, 2021	10-Q	2023-02-13
Q3 2021	$2.94M	$601K	-$483K	-44.6%	Jul 1, 2021	Sep 30, 2021	10-K	2022-12-22
Q2 2021	$3.42M	$640K	-$580K	-47.5%	Apr 1, 2021	Jun 30, 2021	10-Q	2022-08-15
Q1 2021	$4M	$744K	-$823K	-52.5%	Jan 1, 2021	Mar 31, 2021	10-Q	2022-05-12
Q4 2020	$4.83M	$956K	-$686K	-41.8%	Oct 1, 2020	Dec 31, 2020	10-Q	2022-02-11
Q3 2020	$5.51M	$1.08M	-$628K	-36.7%	Jul 1, 2020	Sep 30, 2020	10-K	2021-12-20
Q2 2020	$6.14M	$1.22M	-$462K	-27.5%	Apr 1, 2020	Jun 30, 2020	10-Q	2021-08-13
Q1 2020	$6.6M	$1.57M	-$121K	-7.17%	Jan 1, 2020	Mar 31, 2020	10-Q	2021-05-17
Q4 2019	$6.72M	$1.64M	+$14K	+0.86%	Oct 1, 2019	Dec 31, 2019	10-Q	2021-02-12
Q3 2019	$6.71M	$1.71M	+$321K	+23.1%	Jul 1, 2019	Sep 30, 2019	10-K	2020-12-18
Q2 2019	$6.39M	$1.68M	+$516K	+44.3%	Apr 1, 2019	Jun 30, 2019	10-Q	2020-08-14
Q1 2019	$5.87M	$1.69M	+$652K	+62.9%	Jan 1, 2019	Mar 31, 2019	10-Q	2020-05-14
Q4 2018	$5.22M	$1.63M	+$572K	+54.2%	Oct 1, 2018	Dec 31, 2018	10-Q	2020-02-13
Q3 2018	$4.65M	$1.39M	+$371K	+36.4%	Jul 1, 2018	Sep 30, 2018	10-K	2019-12-19
Q2 2018	$4.28M	$1.17M	+$238K	+25.6%	Apr 1, 2018	Jun 30, 2018	10-Q	2019-08-14
Q1 2018	$4.04M	$1.04M	+$132K	+14.6%	Jan 1, 2018	Mar 31, 2018	10-Q	2019-05-14
Q4 2017	$3.91M	$1.06M	+$135K	+14.7%	Oct 1, 2017	Dec 31, 2017	10-Q	2019-02-13
Q3 2017	$3.77M	$1.02M	+$113K	+12.5%	Jul 1, 2017	Sep 30, 2017	10-K	2018-12-20
Q2 2017	$3.66M	$928K	+$61K	+7.04%	Apr 1, 2017	Jun 30, 2017	10-Q	2018-08-14
Q1 2017	$3.6M	$904K	+$38K	+4.39%	Jan 1, 2017	Mar 31, 2017	10-Q	2018-05-10
Q4 2016	$3.56M	$921K	+$29K	+3.25%	Oct 1, 2016	Dec 31, 2016	10-Q	2018-02-12
Q3 2016	$3.53M	$907K	+$77K	+9.28%	Jul 1, 2016	Sep 30, 2016	10-K	2017-12-21
Q2 2016	$3.46M	$867K	+$88K	+11.3%	Apr 1, 2016	Jun 30, 2016	10-Q	2017-08-11
Q1 2016	$3.37M	$866K	+$100K	+13.1%	Jan 1, 2016	Mar 31, 2016	10-Q	2017-05-12
Q4 2015	$3.27M	$892K	+$71K	+8.65%	Oct 1, 2015	Dec 31, 2015	10-Q	2017-02-14
Q3 2015	$3.2M	$830K	+$11K	+1.34%	Jul 1, 2015	Sep 30, 2015	10-K	2016-12-16
Q2 2015	$3.19M	$779K	-$74K	-8.68%	Apr 1, 2015	Jun 30, 2015	10-Q	2016-08-12
Q1 2015	$3.26M	$766K	-$97K	-11.2%	Jan 1, 2015	Mar 31, 2015	10-Q	2016-05-13
Q4 2014	$3.36M	$821K	-$104K	-11.2%	Oct 1, 2014	Dec 31, 2014	10-Q	2016-02-12
Q3 2014	$3.46M	$819K	-$158K	-16.2%	Jul 1, 2014	Sep 30, 2014	10-K	2015-12-18
Q2 2014	$3.62M	$853K	-$224K	-20.8%	Apr 1, 2014	Jun 30, 2014	10-Q	2015-08-13
Q1 2014	$3.84M	$863K	-$261K	-23.2%	Jan 1, 2014	Mar 31, 2014	10-Q	2015-05-13
Q4 2013	$4.1M	$925K	-$249K	-21.2%	Oct 1, 2013	Dec 31, 2013	10-Q	2015-02-12
Q3 2013	$4.35M	$977K	-$269K	-21.6%	Jul 1, 2013	Sep 30, 2013	10-K	2014-12-22
Q2 2013	$4.62M	$1.08M	-$367K	-25.4%	Apr 1, 2013	Jun 30, 2013	10-Q	2014-08-13
Q1 2013	$4.99M	$1.12M	-$389K	-25.7%	Jan 1, 2013	Mar 31, 2013	10-Q	2014-05-13
Q4 2012	$5.38M	$1.17M	-$432K	-26.9%	Oct 1, 2012	Dec 31, 2012	10-Q	2014-02-12
Q3 2012	$5.81M	$1.25M	-$447K	-26.4%	Jul 1, 2012	Sep 30, 2012	10-K	2013-12-20
Q2 2012	$6.26M	$1.44M	-$368K	-20.3%	Apr 1, 2012	Jun 30, 2012	10-Q	2013-08-12
Q1 2012	$6.62M	$1.51M	-$362K	-19.3%	Jan 1, 2012	Mar 31, 2012	10-Q	2013-05-14
Q4 2011	$6.99M	$1.61M	-$420K	-20.7%	Oct 1, 2011	Dec 31, 2011	10-Q	2013-02-11
Q3 2011	$7.41M	$1.69M			Jul 1, 2011	Sep 30, 2011	10-K	2012-12-27
Q2 2011		$1.81M	-$459K	-20.2%	Apr 1, 2011	Jun 30, 2011	10-Q	2012-08-14
Q1 2011		$1.88M			Jan 1, 2011	Mar 31, 2011	10-Q	2012-05-14
Q4 2010		$2.03M			Oct 1, 2010	Dec 31, 2010	10-Q	2012-02-13
Q2 2010		$2.27M			Apr 1, 2010	Jun 30, 2010	10-Q/A	2011-08-22

* An asterisk sign (*) next to the value indicates that the value is likely invalid.