XML 26 R16.htm IDEA: XBRL DOCUMENT v3.23.3
BORROWINGS
 3 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
BORROWINGS 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.
Fixed rate advances from the FHLB of New York mature as follows:
September 30, 2023June 30, 2023
BalanceWeighted
Average
Interest Rate		BalanceWeighted
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 years103,500 2.68 103,500 2.68 
Two to three years6,500 2.82 6,500 2.82 
Three to four years— — — — 
Four to five years200,000 3.98 200,000 3.98 
Greater than five years— — — — 
Total advances1,457,500 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 
At September 30, 2023, 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 $4.45 billion. At June 30, 2023, 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 $4.60 billion.