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Borrowings
9 Months Ended
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 Depositor sweep accounts are short term borrowings representing funds that are withdrawn from a customer’s noninterest-bearing deposit account and invested in an uninsured overnight investment account that is collateralized by specified investment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.