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BORROWINGS (Tables) | 3 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings at September 30, 2023 and June 30, 2023 consisted of the following:
| September 30, 2023 |  | June 30, 2023
| (In Thousands)
FHLB advances | $ | 1,456,933 |  |  | $ | 1,281,812 |
Overnight borrowings (1) | 170,000 |  |  | 225,000 |
Total borrowings | $ | 1,626,933 |  |  | $ | 1,506,812 |
___________________________ (1)At September 30, 2023, represents $170.0 million of FHLB overnight line of credit borrowings. 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.
Schedule of Fixed Rate Advances from FHLB | Fixed rate advances from the FHLB of New York mature as follows:
| September 30, 2023 |  | June 30, 2023
| Balance |  | Weighted Average Interest Rate |  | Balance |  | Weighted Average Interest Rate
| (Dollars in Thousands)
By remaining period to maturity: |  |  |  |  |  |  |
Less than one year | $ | 1,147,500 |  |  | 5.53 | % |  | $ | 972,500 |  |  | 5.36 | %
One to two years | 103,500 |  |  | 2.68 |  |  | 103,500 |  |  | 2.68 |
Two to three years | 6,500 |  |  | 2.82 |  |  | 6,500 |  |  | 2.82 |
Three to four years | — |  |  | — |  |  | — |  |  | — |
Four to five years | 200,000 |  |  | 3.98 |  |  | 200,000 |  |  | 3.98 |
Greater than five years | — |  |  | — |  |  | — |  |  | — |
Total advances | 1,457,500 |  |  | 5.10 | % |  | 1,282,500 |  |  | 4.92 | %
Unamortized fair value adjustments | (567) |  |  |  |  | (688) |  |  |
Total advances, net of fair value adjustments | $ | 1,456,933 |  |  |  |  | $ | 1,281,812 |  |  |

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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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