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ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)
6 Months Ended
Jun. 30, 2022
Federal Home Loan Bank, Advances, Fixed Rate [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:

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

2022

 

2021

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

Long-term rate advances from FHLB (1)

$

200,000

 

$

200,000

(1)

Weighted-average interest rate of 2.16% as of each of June 30, 2022 and December 31, 2021.

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

June 30, 2022

(In thousands)

 

 

Over one to three months

$

200,000