Advances from the FHLB totaled $105.0 million with a weighted average interest rate of 3.20 percent and $105.0 million with a weighted average interest rate of 3.20 percent at both March 31, 2020 and December 31, 2019, respectively.

The advances had fixed maturity dates and were secured by blanket pledges of certain 1-4 family residential mortgages totaling $334.0 million, multifamily mortgages totaling $730.7 million and securities totaling $148.8 million at March 31, 2020, while at December 31, 2019, the fixed rate advances were secured by blanket pledges of certain 1-4 family residential mortgages totaling $347.5 million, multifamily mortgages totaling $773.1 million and securities totaling $154.3 million.

(In thousands)
2021	$	60,000
2022		20,000
2023		25,000
Total	$	105,000

Short-term borrowings consisted of two one-month FHLB advances totaling $515.0 million with a rate of 0.52 percent. One- FHLB advance for $15 million is part of an interest rate swap designated as a cash flow hedge. The cash flow hedge has a term of four years. The remaining $500.0 million FHLB advance was transacted in mid-March specifically to increase the Company’s balance sheet liquidity in the event of significant depositor withdrawals and/or significant borrower draws on existing unused credit line in the current environment. The borrowing was repaid on April 24, 2020. There were no overnight borrowings with the FHLB as of March 31, 2020 and December 31, 2019. At March 31, 2020 unused short-term overnight borrowing commitments totaled $1.1 billion from FHLB, $22.0 million from correspondent banks and $1.4 billion at the Federal Reserve Bank of New York.