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v3.23.2

Borrowings (Tables) | 12 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings at June 30, 2023 and 2022 consisted of the following:
| June 30, 2023 |  | June 30, 2022
| (In Thousands)
FHLB advances | $ | 1,281,812 |  |  | $ | 651,337 |
Overnight borrowings(1) | 225,000 |  |  | 250,000 |
Total borrowings | $ | 1,506,812 |  |  | $ | 901,337 |
________________________________________ (1)At June 30, 2023, represented $125.0 million of FHLB overnight line of credit borrowings and $100.0 million of unsecured overnight borrowings from other financial institutions. At June 30, 2022, represented FHLB overnight line of credit borrowings.
Schedule of Fixed Rate Advances from FHLB | Fixed-rate advances from FHLB of New York mature as follows:
| June 30, 2023 |  | June 30, 2022
| Balance |  | Weighted Average Interest Rate |  | Balance |  | Weighted Average Interest Rate
| (Dollars in Thousands)
By remaining period to maturity: |  |  |  |  |  |  |
Less than one year | $ | 972,500 |  |  | 5.36 | % |  | $ | 520,000 |  |  | 2.04 | %
One to two years | 103,500 |  |  | 2.68 |  |  | 22,500 |  |  | 2.63 |
Two to three years | 6,500 |  |  | 2.82 |  |  | 103,500 |  |  | 2.68 |
Three to four years | — |  |  | — |  |  | 6,500 |  |  | 2.82 |
Four to five years | 200,000 |  |  | 3.98 |  |  | — |  |  | — |
Greater than five years | — |  |  | — |  |  | — |  |  | — |
Total advances | 1,282,500 |  |  | 4.92 | % |  | 652,500 |  |  | 2.17 | %
Unamortized fair value adjustments | (688) |  |  |  |  | (1,163) |  |  |
Total advances, net of fair value adjustments | $ | 1,281,812 |  |  |  |  | $ | 651,337 |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of advances by federal home loan bank by branch. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13,16) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480876/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
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