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FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

6. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

 

At June 30, 2023, the Company had overnight borrowings with the FHLB of $485.4 million at a rate of 5.31 percent compared to $379.5 million of overnight borrowings at the FHLB at a rate of 4.61 percent at December 31, 2022. At June 30, 2023, unused short-term overnight borrowing commitments totaled $3.2 billion from the FHLB, correspondent banks and at the Federal Reserve Bank of New York.