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FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES | 12 Months Ended
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Dec. 31, 2021
Advances from Federal Home Loan Banks [Abstract] |
FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES | FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES As of December 31, 2021, FHLBNY fixed rate term advances and overnight advances totaled $14.6 million. There were no FHLBNY fixed rate term advances and overnight advances as of December 31, 2020. The following is a summary of FHLBNY fixed rate term advances and overnight advances as of December 31, 2021. The carrying amount includes the advance balance plus purchase accounting adjustments that are amortized over the term of the advance (in thousands):
2021
Amount |  | Rate |  | Maturity Date |  | Call Date
$ | 14,570 |  |  | 0.34 | % |  | January 3, 2022 |  | -
$ | 14,570 |  |  | 0.34 | % |  |  |  |
The Bank has pledged $204.2 million and $101.9 million of first mortgage loans under a blanket lien arrangement at December 31, 2021 and 2020, respectively, as collateral for future borrowings. Based on this collateral and additional securities held, the Bank's unused borrowing capacity at the FHLBNY was $161.0 million at December 31, 2021.

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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