XML 30 R17.htm IDEA: XBRL DOCUMENT v3.25.4
Short-Term Debt and Long-Term Debt
 12 Months Ended
Dec. 31, 2025
Subordinated Debt [Abstract]  
Short-Term Debt and Long-Term Debt Note 9 - Short-Term Debt and Long-Term Debt

Information regarding short-term borrowings is as follows:

 

December 31,

2025

2024

Amount

Amount

(In Thousands)

Balance at end of period

$

-

$

-

Average balance outstanding during the year

$

87

$

2

Highest month-end balance during the year

$

30,000

$

-

Average interest rate during the year

4.66

%

6.42

%

Weighted average interest rate at year-end

-

%

-

%

Long-term debt consists of the following:

December 31,

2025

2024

Weighted Average Rate

Amount ($000s)

Weighted Average Rate

Amount ($000s)

Federal Home Loan Bank Advances:

Maturing by December 31,

2025

-

%

$

-

%

$

220,361

2026

4.53 

235,000 

4.53

235,000

4.53 

%

$

235,000 

4.21

%

$

455,361

At December 31, 2025 and 2024, loans with carrying values of approximately $1.5 billion and $1.4 billion, respectively, were pledged to secure the above noted Federal Home Loan Bank of New York borrowings. In addition, at December 31, 2025 and 2024, loans with carrying values of approximately $350.0 million and $546.7 million, respectively, were pledged with the Federal Reserve Discount window. There were no outstanding borrowings with the Federal Reserve at December 31, 2025 and 2024. No securities were pledged for borrowings at December 31, 2025 and 2024.

At December 31, 2025, the Company had the ability to obtain additional funding from the FHLB of $382.4 million and $198.7 million from the Federal Reserve Bank Discount Window, utilizing unencumbered loan collateral.

The Bank’s total credit exposure cannot exceed 50.0 percent of its total assets, or $1.640 billion, based on the borrowing limitations outlined in the FHLB of New York’s member products guide. The total credit exposure limit of 50.0 percent of total assets is recalculated each quarter.