ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) (Tables)

3 Months Ended

Mar. 31, 2023

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB) [Abstract]

Summary of Advances from FHLB [Table Text Block]

The following is a summary of the advances from the FHLB as of the indicated dates:

March 31, 

December 31,

2023

2022

(In thousands)

Short-term

Fixed

-rate advances from the FHLB

(1)

$

425,000

$

475,000

Long-term

Fixed

-rate advances from the FHLB

(2)

500,000

200,000

$

925,000

$

675,000

(1)

Weighted-average interest rate of

5.04

% and

4.56

% as of March 31, 2023 and December 31, 2022, respectively.

(2)

Weighted-average interest rate of

4.45

% and

4.25

% as of March 31, 2023 and December 31, 2022, respectively.

Advances from the FHLB mature as follows as of the indicated date:

March 31, 2023

(In thousands)

Within one month

$

425,000

Over one to five years

500,000

 Total

$

925,000