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Borrowings
 12 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Borrowings Borrowings
Borrowings at June 30, 2024 and 2023 consisted of the following:
June 30,
2024		June 30,
2023
(In Thousands)
FHLB advances$1,434,789 $1,281,812 
Federal Reserve Bank Term Funding Program ("BTFP")100,000 — 
Total fixed-rate advances1,534,789 1,281,812 
Overnight borrowings(1)
175,000 225,000 
Total borrowings$1,709,789 $1,506,812 
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(1)At June 30, 2024, represented $175.0 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 FHLB of New York and BTFP borrowings mature as follows:
June 30, 2024June 30, 2023
Balance Weighted
Average
Interest Rate		Balance Weighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$1,328,500 5.25 %$972,500 5.36 %
One to two years6,500 2.82 103,500 2.68 
Two to three years— — 6,500 2.82 
Three to four years200,000 3.98 — — 
Four to five years— — 200,000 3.98 
Greater than five years— — — — 
Total advances1,535,000 5.07 %1,282,500 4.92 %
Unamortized fair value adjustments(211)(688)
Total advances, net of fair value adjustments$1,534,789 $1,281,812 
At June 30, 2024, 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, 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. Based on this collateral and the Company’s holding of FHLB stock, the Company maintained available borrowing capacity of $1.82 billion at June 30, 2024.
At June 30, 2024, BTFP borrowings were secured by agency mortgage-backed securities with a par value of $113.5 million. At June 30, 2023, the Company had no BTFP borrowings. The BTFP allows depository institutions to borrow up to the par value of eligible securities pledged at the Federal Reserve Bank.