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BORROWINGS (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 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 | 107,478 |  | 107,478 |  | 7,585
Interest expense, Federal funds purchased and securities sold under agreements to repurchase |  | $ 2,160 | 151 | $ 5,112 |
Interest Expense, Federal Home Loan Bank of New York advances | 2,099 | $ 5,580 | 8,819 | $ 12,114 |
Interest Expense, Federal Reserve Bank Term Loan | 1,228 |  | 3,522 |  |
Secured borrowings |  |  |  |  |
Federal Home Loan Bank, Advances [Line Items] |  |  |  |  |
Secured borrowings | 7,478 |  | 7,478 |  | $ 7,585
FRB |  |  |  |  |
Federal Home Loan Bank, Advances [Line Items] |  |  |  |  |
Federal Reserve Bank Term Loan | $ 100,000 |  | $ 100,000 |  |
Weighted average Interest rate | 5.02% |  | 5.02% |  |
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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- Definition Gross expenses on the purchase of Federal funds at a specified price with a simultaneous agreement to sell the same to the same counterparty at a fixed or determinable price at a future date. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph b -Subparagraph (1) -Publisher SEC + Details
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