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Borrowings | 9 Months Ended
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Mar. 31, 2019
Debt Disclosure [Abstract] |
Borrowings | 13. BORROWINGS Fixed rate advances from the FHLB of New York mature as follows:
| March 31, 2019 |  |  | June 30, 2018 |  |
| Balance |  |  | Weighted Average Interest Rate |  |  | Balance |  |  | Weighted Average Interest Rate |  |
| (Dollars in Thousands)
By remaining period to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than one year | $ | 866,800 |  |  |  | 2.65 |  | % | $ | 741,000 |  |  |  | 2.09 |  | %
One to two years |  | 35,000 |  |  |  | 1.84 |  |  |  | 48,400 |  |  |  | 1.66 |  |
Two to three years |  | 104,875 |  |  |  | 2.22 |  |  |  | 64,160 |  |  |  | 1.88 |  |
Three to four years |  | 10,000 |  |  |  | 2.40 |  |  |  | 35,700 |  |  |  | 2.17 |  |
Four to five years |  | 145,000 |  |  |  | 3.04 |  |  |  | 155,000 |  |  |  | 3.00 |  |
Greater than five years |  | 132,500 |  |  |  | 2.68 |  |  |  | 132,500 |  |  |  | 2.68 |  |
Total advances |  | 1,294,175 |  |  |  | 2.64 |  | % |  | 1,176,760 |  |  |  | 2.25 |  | %
Unamortized fair value adjustments |  | (4,890 | ) |  |  |  |  |  |  | (6,616 | ) |  |  |  |  |
Total advances, net of fair value adjustments | $ | 1,289,285 |  |  |  |  |  |  | $ | 1,170,144 |  |  |  |  |  |
At March 31, 2019, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $3.06 billion and $159.4 million, respectively. At June 30, 2018, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $2.72 billion and $185.2 million, respectively. Borrowings at March 31, 2019 and June 30, 2018 also included overnight borrowings in the form of depositor sweep accounts totaling $36.9 million and $28.5 million, respectively. Depositor sweep accounts are short term borrowings representing funds that are withdrawn from a customer’s noninterest-bearing deposit account and invested in an uninsured overnight investment account that is collateralized by specified investment securities owned by the Bank.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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