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ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)
6 Months Ended
Jun. 30, 2024
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:
June 30, 2024
December 31, 2023
(In thousands)
Long-term
Fixed
-rate advances from the FHLB
(1)
$
500,000
$
500,000
(1)
Weighted-average interest rate of
4.45
% as of each of June 30, 2024 and December 31, 2023, respectively.
 
 
 
 
 
 
 
 
 
Advances from the FHLB mature as follows as of the indicated date:
June 30, 2024
(In thousands)
Over six months to one year
$
180,000
Over one to five years
320,000
 
Total
(1)
$
500,000
(1) Average remaining term to maturity of
1.99
 
years.