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BORROWINGS (Tables) | 3 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Borrowings | Borrowings at September 30, 2024 and June 30, 2024 consisted of the following:
| September 30, 2024 |  | June 30, 2024
| (In Thousands)
FHLB advances | $ | 1,109,888 |  |  | $ | 1,434,789 |
Federal Reserve Bank Term Funding Program ("BTFP") borrowings | 100,000 |  |  | 100,000 |
Overnight borrowings (1) | 270,000 |  |  | 175,000 |
Total borrowings | $ | 1,479,888 |  |  | $ | 1,709,789 |
___________________________ (1)At September 30, 2024, there were no FHLB overnight line of credit borrowings and $270.0 million of unsecured overnight borrowings from other financial institutions. At June 30, 2024, represented $175.0 million of FHLB overnight line of credit borrowings.
Schedule of Fixed Rate Advances from FHLB | Fixed rate advances from the FHLB of New York and BTFP borrowings mature as follows:
| September 30, 2024 |  | June 30, 2024
| Balance |  | Weighted Average Interest Rate |  | Balance |  | Weighted Average Interest Rate
| (Dollars in Thousands)
By remaining period to maturity: |  |  |  |  |  |  |
Less than one year | $ | 1,003,500 |  |  | 4.87 | % |  | $ | 1,328,500 |  |  | 5.25 | %
One to two years | 6,500 |  |  | 2.82 |  |  | 6,500 |  |  | 2.82 |
Two to three years | — |  |  | — |  |  | — |  |  | — |
Three to four years | 200,000 |  |  | 3.98 |  |  | 200,000 |  |  | 3.98 |
Four to five years | — |  |  | — |  |  | — |  |  | — |
Greater than five years | — |  |  | — |  |  | — |  |  | — |
Total advances | 1,210,000 |  |  | 4.71 | % |  | 1,535,000 |  |  | 5.07 | %
Unamortized fair value adjustments | (112) |  |  |  |  | (211) |  |  |
Total advances, net of fair value adjustments | $ | 1,209,888 |  |  |  |  | $ | 1,534,789 |  |  |

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