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ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)
9 Months Ended
Sep. 30, 2021
Advances from Federal Home Loan Banks [Abstract]  
Summary of Advances from FHLB [Table Text Block]

The following is a summary of the advances from the FHLB as of the indicated dates:

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

2021

 

2020

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Long-term Fixed-rate advances from FHLB (1)

$

320,000

 

$

440,000

(1)

Weighted-average interest rate of 2.34% and 2.26% as of September 30, 2021 and December 31, 2020, respectively.

 

 

 

 

 

 

 

Advances from FHLB mature as follows as of the indicated date:

 

 

 

 

 

 

 

 

 

September 30, 2021

(In thousands)

 

 

Over one to three months

$

120,000

Over six months to one year

 

200,000

 

Total

$

320,000