XML 54 R40.htm IDEA: XBRL DOCUMENT v3.22.2.2
Borrowings (Tables)
12 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Borrowings

Borrowings at June 30, 2022 and June 30, 2021 consisted of the following:

 

 

June 30,

 

 

June 30,

 

 

2022

 

 

2021

 

 

(In Thousands)

 

FHLB advances

$

651,337

 

 

$

665,876

 

Overnight borrowings(1)

 

250,000

 

 

 

20,000

 

Total borrowings

$

901,337

 

 

$

685,876

 

Schedule of Fixed Rate Advances from FHLB

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

 

 

June 30, 2022

 

 

June 30, 2021

 

 

 

Balance

 

 

Weighted
Average
Interest Rate

 

 

Balance

 

 

Weighted
Average
Interest Rate

 

 

 

(Dollars in Thousands)

 

 

By remaining period to maturity:

 

 

 

 

 

 

 

 

 

 

 

 

Less than one year

$

520,000

 

 

 

2.04

 

%

$

390,000

 

 

 

0.33

 

%

One to two years

 

22,500

 

 

 

2.63

 

 

 

145,000

 

 

 

3.04

 

 

Two to three years

 

103,500

 

 

 

2.68

 

 

 

22,500

 

 

 

2.63

 

 

Three to four years

 

6,500

 

 

 

2.82

 

 

 

103,500

 

 

 

2.68

 

 

Four to five years

 

-

 

 

 

-

 

 

 

6,500

 

 

 

2.82

 

 

Greater than five years

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

Total advances

 

652,500

 

 

 

2.17

 

%

 

667,500

 

 

 

1.38

 

%

Unamortized fair value adjustments

 

(1,163

)

 

 

 

 

 

(1,624

)

 

 

 

 

Total advances, net of fair value adjustments

$

651,337

 

 

 

 

 

$

665,876