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BORROWINGS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023
Federal Home Loan Bank, Advances [Line Items] |  |  |  |  |
Federal funds purchased and securities sold under agreements to repurchase |  |  |  |  | $ 99,000
Federal Home Loan Bank of New York advances | $ 150,000 |  | $ 150,000 |  | 440,000
Secured borrowings | 107,514 |  | 107,514 |  | 7,585
Interest expense, Federal funds purchased and securities sold under agreements to repurchase |  | $ 1,584 | 151 | $ 2,953 |
Interest Expense, Federal home loan bank of New York advance | 2,330 | $ 5,877 | 6,719 | $ 6,534 |
Interest Expense, Federal Reserve Bank Term Loan | 1,214 |  | 2,295 |  |
Available borrowing capacity from the FHLB | 3,400,000 |  | 3,400,000 |  |
Secured borrowings |  |  |  |  |
Federal Home Loan Bank, Advances [Line Items] |  |  |  |  |
Secured borrowings | 7,514 |  | 7,514 |  | $ 7,585
FRB |  |  |  |  |
Federal Home Loan Bank, Advances [Line Items] |  |  |  |  |
Federal Reserve Bank Term Loan | $ 100,000 |  | $ 100,000 |  |
Weighted average Interest rate | 5.49% |  | 5.49% |  |
Interest rate | 4.87% |  | 4.87% |  |

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- Definition Amount of borrowings as of the balance sheet date from the Federal Home Loan Bank, which are primarily used to cover shortages in the required reserve balance and liquidity shortages. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 + Details
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