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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies  
Schedule of Repurchase Agreements

2024

2023

 

Weighted

Weighted

 

Average

Average

 

    

Amount

    

Rate

    

Amount

    

Rate

 

 

(Dollars in thousands)

FHLB-NY advances - fixed rate:

 

  

 

  

 

  

 

  

Due in 2024

$

$

145,750

5.53

Due in 2025

445,000

4.54

14,675

4.90

Due in 2026

20,162

4.16

108,244

4.71

Due in 2027

136,656

3.97

185,017

4.63

Due in 2028

 

27,115

 

3.83

 

27,115

 

3.83

Total FHLB-NY advances

 

628,933

 

4.37

 

480,801

 

4.88

Other Borrowings:

Due in 2024

 

 

 

125,000

 

4.99

Due in 2025

 

50,000

 

4.39

 

 

Total Other Borrowings

 

50,000

 

4.39

 

125,000

 

4.99

Subordinated debentures

Due in 2031

124,131

3.50

123,700

3.51

Due in 2032

64,195

6.49

63,930

6.52

Total Subordinated debentures

 

188,326

 

4.52

 

187,630

 

4.53

Junior subordinated debentures at fair value - adjustable rate due in 2037

 

48,795

 

7.82

 

47,850

 

9.14

Total borrowings

$

916,054

 

4.59

%  

$

841,281

 

5.06

%

Terms of Securities Issued By Trusts

Subordinated Debentures

(Dollars in thousands)

Amount

    

$

65,000

    

$

125,000

Issue Date

 

 

August 24, 2022

 

November 22, 2021

Initial Rate

 

 

6.000

%

3.125

%

First Reset Date

 

 

September 1, 2027

December 1, 2026

First Call Date

 

 

September 1, 2027

December 1, 2026

Holding Type

Variable

Variable

Spread over 3-month SOFR

3.130

%

2.035

%

Maturity Date

September 1, 2032

December 1, 2031

    

Flushing Financial

    

Flushing Financial

    

Flushing Financial 

 

    

Capital Trust II

    

 Capital Trust III

    

Capital Trust IV

 

Issue Date

June 20, 2007

June 21, 2007

July 3, 2007

Initial Rate

7.14

%  

6.89

%  

6.85

%

First Reset Date

September 1, 2012

June 15, 2012

July 30, 2012

Spread over 3-month SOFR

1.41

%  

1.44

%  

1.42

%

Maturity Date

September 1, 2037

September 15, 2037

July 30, 2037