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Borrowings
6 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Borrowings BORROWINGS
Borrowings at December 31, 2022 and June 30, 2022 consisted of the following:
December 31,
2022
June 30,
2022
(In Thousands)
FHLB advances$1,256,573 $651,337 
Overnight borrowings (1)
127,000 250,000 
Total borrowings$1,383,573 $901,337 
___________________________
(1)At December 31, 2022 and June 30, 2022, represents FHLB overnight line of credit borrowings.
Fixed rate advances from the FHLB of New York mature as follows:
December 31, 2022June 30, 2022
BalanceWeighted
Average
Interest Rate
BalanceWeighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$1,125,000 4.64 %$520,000 2.04 %
One to two years103,500 2.65 22,500 2.63 
Two to three years29,000 2.77 103,500 2.68 
Three to four years— — 6,500 2.82 
Four to five years— — — — 
Greater than five years— — — — 
Total advances1,257,500 4.43 %652,500 2.17 %
Unamortized fair value adjustments(927)(1,163)
Total advances, net of fair value adjustments$1,256,573 $651,337 
At December 31, 2022, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $4.38 billion. At June 30, 2022, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $3.58 billion and $178.0 million, respectively.