XML 47 R35.htm IDEA: XBRL DOCUMENT v3.20.4
BORROWINGS (Tables)
 12 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of maturities of FHLBNY advances

Long term FHLBNY advances as of September 30, 2020 mature as follows (in thousands):

 

Year Ending September 30,    
2021  $7,130 
2022   10,731 
2023   4,741 
2024   4,384 
2025   3,500 
Thereafter   — 
Total  $30,486 
Schedule of short-term arrangements with the FHLBNY

Additionally, the Company has established an Overnight Line of Credit arrangement with the FHLBNY. The total amount available under the line of credit is based on the amount of eligible collateral pledged to the FHLBNY. At September 30, 2020 and 2019, the Company had available credit from the FHLBNY totaling $61.3 million and $76.7 million, respectively. Information concerning short-term borrowings with the FHLBNY is summarized as follows:

 

   September 30, 
   2020   2019 
   (Dollars in thousands) 
         
Balance at end of year  $—   $— 
Weighted average balance during the year  $—   $743 
Maximum month-end balance during the year  $—   $16,800 
Average interest rate during the year   —    2.45% 
Schedule of PPPLF advances from the FRBNY

PPPLF advances from the FRBNY as of September 30, 2020 mature as follows (in thousands):

 

Year Ending September 30,        
2021  $— 
2022   36,924 
2023   — 
2024   — 
2025   — 
Thereafter   — 
Total  $36,924