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BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2025

BORROWINGS

Schedule of federal funds purchased and FHLBNY advances

Borrowings consisted of the following (in thousands):


								Interest Expense						Interest Expense
		At			At			Three months ended						Six months ended
		June 30,			December 31,			June 30,						June 30,
		2025			2024			2025			2024			2025			2024
Federal funds purchased and securities sold under agreements to repurchase		$	50,000		$	210,000		$	1,260		$	—		$	2,670		$	151
Federal Home Loan Bank of New York advances		$	150,000		$	240,000		$	1,829		$	2,330		$	4,584		$	6,719

Secured and other borrowings:
Secured borrowings		$	17,366		$	7,441			N/A			N/A			N/A			N/A
Federal Reserve Bank term loan		$	—		$	—		$	—		$	1,214		$	—		$	2,295

N.A. – not applicable