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BORROWINGS (Tables)

6 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Borrowings

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

			December 31, 2024						June 30, 2024
			(In Thousands)
FHLB advances			$	1,028,949					$	1,434,789
Federal Reserve Bank Term Funding Program ("BTFP") borrowings			—						100,000
Overnight borrowings (1)			230,000						175,000
Total borrowings			$	1,258,949					$	1,709,789

___________________________

(1)At December 31, 2024 and June 30, 2024, there were FHLB overnight line of credit borrowings of $230.0 million and $175.0 million, respectively.

Schedule of Fixed Rate Advances from FHLB

Fixed rate advances from the FHLB of New York mature as follows:

			December 31, 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			$	829,000					4.53		%				$	1,328,500					5.25		%
One to two years			—						—						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			1,029,000						4.42		%				1,535,000						5.07		%
Unamortized fair value adjustments			(51)												(211)
Total advances, net of fair value adjustments			$	1,028,949											$	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
-Subparagraph (SX 210.9-03(13))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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

Reference 4: 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/1943274/2147477734/942-470-50-3

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