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BORROWINGS (Tables)

6 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings at December 31, 2023 and June 30, 2023 consisted of the following:

			December 31, 2023						June 30, 2023
			(In Thousands)
FHLB advances			$	1,432,055					$	1,281,812
Overnight borrowings (1)			235,000						225,000
Total borrowings			$	1,667,055					$	1,506,812

___________________________

(1)At December 31, 2023, represented $235.0 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:

			December 31, 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			$	1,203,500					5.29		%				$	972,500					5.36		%
One to two years			29,000						2.77						103,500						2.68
Two to three years			—						—						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			1,432,500						5.06		%				1,282,500						4.92		%
Unamortized fair value adjustments			(445)												(688)
Total advances, net of fair value adjustments			$	1,432,055											$	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.

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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

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