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BORROWINGS (Tables)
3 Months Ended
Mar. 31, 2025
BORROWINGS  
Schedule of federal funds purchased and FHLBNY advances

Borrowings consisted of the following (in thousands):

Interest Expense

At

At

Three months ended

    

March 31, 

December 31, 

    

March 31, 

    

2025

    

2024

2025

    

2024

Federal funds purchased and securities sold under agreements to repurchase

$

125,000

$

210,000

$

1,410

$

151

Federal Home Loan Bank of New York advances

$

160,000

$

240,000

$

2,755

$

4,129

Secured and other borrowings:

Secured borrowings

$

17,403

$

7,441

N/A

N/A

Federal Reserve Bank term loan

$

$

$

$

1,081

N.A. – not applicable