What changed in this filing

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Item 9A. Controls and Procedures

2024-12-19 compared with 2023-12-15 · 20 added, 18 removed, 137 unchanged (22% of the section changed)

1 unchanged sentence

Disclosure Controls and Procedures

Under the supervision and with

the participation of our management, including our Principal Executive Officer and Principal Financial Officer, we evaluated the effectiveness

of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act

of 1934) as of the end of the period covered by this report.

Based upon that evaluation, the Principal Executive Officer and Principal

Financial Officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective.

Changes in Internal Control over

Financial Reporting

There has been no change in Magyar

Bancorp, Inc.'s internal control over financial reporting during Magyar Bancorp, Inc.'s fourth quarter of fiscal year 2023 that has materially

affected, or is reasonably likely to materially affect, Magyar Bancorp, Inc.'s internal control over financial reporting.

Under the supervision and

with the participation of our management, including our Principal Executive Officer and Principal Financial Officer, we evaluated the

effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities

Exchange Act of 1934) as of the end of the period covered by this report.

Based upon that evaluation, the Principal Executive Officer

and Principal Financial Officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures

were effective.

Changes in Internal Control

over Financial Reporting

There has been no change in

Magyar Bancorp, Inc.'s internal control over financial reporting during Magyar Bancorp, Inc.'s fourth quarter of fiscal year 2024 that

has materially affected, or is reasonably likely to materially affect, Magyar Bancorp, Inc.'s internal control over financial reporting.

Report by Management on Internal

15 unchanged sentences

was effective based on those criteria.

The Annual Report on Form 10-K

does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting.

Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to exemption rules of the

Securities and Exchange Commission that permit the Company to provide only management's report in this annual report.

The Annual Report on Form

10-K does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial

Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to exemption

rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this annual report.

Other Information

38 unchanged sentences

Yelencsics (4)

Restated Director Supplemental Retirement Income and Deferred Compensation Agreement for Edward C.

Stokes, III (4)

[intentionally omitted]

Restated Director Supplemental Retirement Income and Deferred Compensation Agreement for Thomas Lankey (4)

10 unchanged sentences

2022 Equity Incentive Plan (7)

Insider Trading Policy

Subsidiaries of Registrant (2)

1 unchanged sentence

Snodgrass, P.C.

Consent of RSM US LLP

Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

2 unchanged sentences

Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Clawback Policy relating to erroneously awarded executive compensation

The following materials from the Company’s Annual Report on Form 10-K for the year ended September 30, 2024, formatted in XBRL (Extensible Business Reporting Language):

1 unchanged sentence

Inline XBRL Cover Page Interactive Data File

____________________________

(1) Incorporated by reference to Exhibit 3.1 to the Registration Statement on Form SB-2 of Magyar Bancorp,

55 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures