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Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Schedule of Short-Term Borrowings:

			2020						2019
Balances at December 31:
Overnight Advances from the Federal Home Loan Bank of New York			$	—					$	130,000
Securities Sold Under Agreements to Repurchase			17,486						51,099
Total Short-Term Borrowings			$	17,486					$	181,099
Maximum Borrowing Capacity at December 31:
Federal Funds Purchased			$	52,000					$	67,000
Federal Home Loan Bank of New York			859,592						731,240
Federal Reserve Bank of New York			610,643						583,369

Schedule of Financial Instruments Owned and Pledged as Collateral

Investment securities with a fair value of $19.2 million and $62.4 million were pledged as collateral for the securities sold under agreements to repurchase at December 31, 2020 and 2019, respectively, and are presented in the table below:

			2020						2019
Balances at December 31:
Mortgage-Backed Securities			19,189						62,372
Total Pledged Collateral for Repo Accounts			$	19,189					$	62,372

Schedule of Maturities of Long-term Debt

Maturity Schedule of FHLBNY Term Advances:

						Balances												Weighted Average Rate
Final Maturity						2020						2019						2020						2019
First Year						$	—					$	25,000					—		%				2.02		%
Second Year						5,000						—						1.81		%				—		%
Third Year						20,000						5,000						1.75		%				1.81		%
Fourth Year						20,000						—						1.76		%				—		%
Fifth Year						—						—						—		%				—		%
Total						$	45,000					$	30,000					1.77		%				1.98		%

Schedule of Long-term Debt Instruments

Schedule of Guaranteed Preferred Beneficial Interests in Corporation's Junior Subordinated Debentures

			2020						2019
ACST II
Balance at December 31,			$	10,000					$	10,000
Period End:
Variable Interest Rate			3.37		%				5.25		%
Fixed Interest Rate resulting from cash flow hedge agreement			4.00		%
ACST III
Balance at December 31,			$	10,000					$	10,000
Period End:
Variable Interest Rate			2.22		%				4.10		%
Fixed Interest Rate resulting from cash flow hedge agreement			2.86		%

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

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