XML 65 R46.htm IDEA: XBRL DOCUMENT v3.25.4
Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds as of December 31, 2025 and 2024 are summarized as follows (in thousands):
20252024
Securities sold under repurchase agreements$95,007 113,224 
FHLBNY line of credit275,000 385,000 
FHLBNY advances
1,739,735 1,518,497 
Purchase accounting adjustment on borrowed funds2,213 3,714 
Total borrowed funds$2,111,955 2,020,435 
Schedule of Maturities of FHLB Advances, FRBNY BTFP Borrowings and Lines of Credit
Scheduled maturities of FHLBNY advances, FRBNY Bank Term Funding Program ("BTFP") borrowings and lines of credit, including purchase accounting adjustments resulting from the Lakeland acquisition as of December 31, 2025 are as follows (in thousands):
 2025
Due in one year or less$1,464,735 
Due after one year through two years400,000 
Due after two years through three years— 
Due after three years through four years150,000 
Due after four years through five years— 
Thereafter— 
Purchase accounting adjustment on borrowed funds2,213 
Total FHLBNY advances, FRBNY BTFP borrowings and overnight borrowings$2,016,948 
Schedule of Maturities of Securities Sold Under Repurchase Agreements
Scheduled maturities of securities sold under repurchase agreements as of December 31, 2025 are as follows (in thousands):
 2025
Due in one year or less$95,007 
Thereafter— 
Total securities sold under repurchase agreements$95,007 
Schedule of Debt Disclosure by Year
The following tables set forth certain information as to borrowed funds for the years ended December 31, 2025 and 2024 (in thousands):
Maximum
balance
Average
balance
Weighted average
interest rate
2025
Securities sold under repurchase agreements$117,946 105,343 2.37 %
FHLBNY overnight borrowings704,000 292,090 4.55 
FHLBNY advances2,368,897 1,617,909 3.99 
2024
Securities sold under repurchase agreements$117,323 102,043 2.03 %
FHLBNY overnight borrowings567,000 115,902 5.45 
FHLBNY advances1,518,497 1,290,836 3.41 
FRBNY BTFP Borrowing550,000 472,077 4.78