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BORROWINGS (Tables)

3 Months Ended

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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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 advance from Federal Home Loan Bank (FHLBank).

+ 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(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: 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/1943274/2147478878/942-470-45-1

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-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

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