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Borrowings
3 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Borrowings

14.     BORROWINGS

Fixed rate advances from the FHLB of New York mature as follows:

 

 

September 30, 2019

 

 

June 30, 2019

 

 

 

Balance

 

 

Weighted

Average

Interest Rate

 

 

Balance

 

 

Weighted

Average

Interest Rate

 

 

 

(Dollars in Thousands)

By remaining period to maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than one year

$

875,300

 

 

 

2.22

 

%

$

873,400

 

 

 

2.49

 

%

One to two years

 

67,117

 

 

 

1.89

 

 

 

64,046

 

 

 

1.87

 

 

Two to three years

 

47,700

 

 

 

2.63

 

 

 

62,700

 

 

 

2.46

 

 

Three to four years

 

155,000

 

 

 

3.00

 

 

 

155,000

 

 

 

3.00

 

 

Four to five years

 

22,500

 

 

 

2.63

 

 

 

22,500

 

 

 

2.63

 

 

Greater than five years

 

110,000

 

 

 

2.69

 

 

 

110,000

 

 

 

2.69

 

 

Total advances

 

1,277,617

 

 

 

2.36

 

%

 

1,287,646

 

 

 

2.54

 

%

Unamortized fair value adjustments

 

(3,999

)

 

 

 

 

 

 

(4,435

)

 

 

 

 

 

Total advances, net of

  fair value adjustments

$

1,273,618

 

 

 

 

 

 

$

1,283,211

 

 

 

 

 

 

 

At September 30, 2019, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $3.01 billion and $158.7 million, respectively. At June 30, 2019, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $3.04 billion and $160.8 million, respectively.

Borrowings at September 30, 2019 and June 30, 2019 also included overnight borrowings in the form of depositor sweep accounts totaling $7.5 million and $8.8 million, respectively. Borrowings at June 30, 2019 also included other overnight borrowings totaling $30.0 million, while there were no such borrowings at September 30, 2019.