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ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)
 12 Months Ended
Dec. 31, 2022
ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [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:
December 31,
 
December 31,
2022
2021
(In thousands)
Short-term
Fixed
-rate advances from FHLB
(1)
$
475,000
$
-
Long-term
Fixed
-rate advances from FHLB
(2)
200,000
200,000
$
675,000
$
200,000
(1)
Weighted-average interest rate of
4.56
% as of December 31, 2022.
(2)
Weighted-average interest rate of
4.25
% and
2.16
% as of December 31, 2022 and 2021, respectively.
 
 
 
 
 
 
Advances from FHLB mature as follows as of the indicated date:
December 31, 2022
(In thousands)
Within one month
$
350,000
Over one to three months
125,000
Over three to five years
200,000
 
Total
$
675,000