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Borrowings (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds FHLBNY and Correspondent Bank Advances Maturity and Call Date

Borrowed funds at March 31, 2024 and December 31, 2023 consist of the following and are summarized by maturity and call date below:

 

 

March 31,

 

 

December 31,

 

 

2024

 

 

2023

 

 

Scheduled
Maturity

 

 

Redeemable
at Call Date

 

 

Weighted
Average
Rate

 

 

Scheduled
Maturity

 

 

Redeemable
at Call Date

 

 

Weighted
Average
Rate

 

 

(Dollars in thousands)

 

Term advances ending:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

$

109,321

 

 

$

109,321

 

 

 

5.15

%

 

$

363,321

 

 

$

363,321

 

 

 

4.55

%

2025

 

250,000

 

 

 

250,000

 

 

 

4.69

 

 

 

50,000

 

 

 

50,000

 

 

 

4.41

 

2026

 

50,000

 

 

 

50,000

 

 

 

4.83

 

 

 

 

 

 

 

 

 

 

2027

 

212,000

 

 

 

212,000

 

 

 

3.44

 

 

 

212,000

 

 

 

212,000

 

 

 

3.44

 

2028

 

9,100

 

 

 

9,100

 

 

 

3.84

 

 

 

9,100

 

 

 

9,100

 

 

 

3.84

 

Thereafter

 

50,000

 

 

 

50,000

 

 

 

3.35

 

 

 

50,000

 

 

 

50,000

 

 

 

3.35

 

$

680,421

 

 

$

680,421

 

 

 

4.28

%

 

$

684,421

 

 

$

684,421

 

 

 

4.10

%