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This paper presents the derivation of a general wave dispersion relation for warm magnetized plasma under the two-fluid formalism. The discussion is quite general except for the assumption of low frequency and slow phase speed, for which the displacement current is negligible, under the implicit assumption that the plasma is sufficiently dense to satisfy the condition ωpe>ωce, where ωpe and ωce denote the plasma oscillation frequency and electron gyro frequency, respectively. The present discussion does not invoke charge neutrality associated with the fluctuations although it is implicitly satisfied. The resulting dispersion relation that includes the fluid thermal effects shows that there are three eigen modes, which include those corresponding to ideal MHD, namely, fast, slow, and kinetic Alfvén waves, as well as higher-frequency modes including the ion and electron cyclotron and lower-hybrid resonances. The fluid effects in the ideal MHD wave branches are influenced by the finite Larmor radius scales, and when the wave number in the cross field direction is comparable to these values, the fluid effects become significant. It is found that the Larmor radius should be interpreted in the sense as ion-acoustic gyro-radius instead of ion thermal gyro radius only. That is, it is found that the electrons also contribute to the non-ideal effect associated with the kinetic Alfvén wave. A comprehensive explanation of the polarization of each mode is also presented. The present findings indicate that the polarity may change its sign only for the kinetic Alfvén mode branch and that such a transition is based on the propagation angle. When such a change does take place, it is found that the kinetic Alfvén wave transits to an ion-acoustic mode. For each branch, it is also found that the electric field along the ambient magnetic field is purely transverse.