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BORROWINGS (Tables)

9 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings at March 31, 2024 and June 30, 2023 consisted of the following:

			March 31, 2024						June 30, 2023
			(In Thousands)
FHLB advances			$	1,357,178					$	1,281,812
Federal Reserve Bank Term Funding Program ("BTFP") borrowings			100,000						—
Overnight borrowings (1)			265,000						225,000
Total borrowings			$	1,722,178					$	1,506,812

___________________________

(1)At March 31, 2024, represented $265.0 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 and BTFP borrowings mature as follows:

			March 31, 2024												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			$	1,228,500					5.22		%				$	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			200,000						3.98						—						—
Four to five years			—						—						200,000						3.98
Greater than five years			—						—						—						—
Total advances			1,457,500						5.00		%				1,282,500						4.92		%
Unamortized fair value adjustments			(322)												(688)
Total advances, net of fair value adjustments			$	1,457,178											$	1,281,812

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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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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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