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BORROWINGS (Tables)
6 Months Ended
Jun. 30, 2025
BORROWINGS  
Schedule of advances from the federal home loan bank of New York

June 30, 

December 31, 

    

2025

    

2024

    

Unaudited

Term Advances:

  

  

Advanced February 25, 2020 - Due February 25, 2025 - bearing interest at 1.52% fixed rate

 

 

1,000

Advanced March 5, 2020 - Due March 5, 2025 - bearing interest at 1.12% fixed rate

 

 

3,500

Advanced March 12, 2020 - Due March 12, 2025 - bearing interest at 1.42% fixed rate

 

 

1,000

Advanced November 30, 2022 - Due November 30, 2027 - bearing interest at 4.24% fixed rate

 

2,000

 

2,000

Advanced December 30, 2022 - Due December 30, 2025 - bearing interest at 4.54% fixed rate

 

2,000

 

2,000

Advanced December 30, 2022 - Due December 30, 2026 - bearing interest at 4.42% fixed rate

 

2,000

 

2,000

Advanced January 12, 2023 - Due January 12, 2028 - bearing interest at 3.85% fixed rate

 

2,000

 

2,000

Advanced March 10, 2023 - Due March 10, 2028 - bearing interest at 4.38% fixed rate

 

6,000

 

6,000

Advanced July 19, 2023 - Due July 19, 2027 - bearing interest at 4.49% fixed rate

 

1,000

 

1,000

Advanced September 11, 2023 - Due September 11, 2028 - bearing interest at 4.72% fixed rate

 

3,000

 

3,000

Advanced September 13, 2023 - Due September 14, 2026 - bearing interest at 4.61% fixed rate

 

2,000

 

2,000

Advanced September 26, 2023 - Due September 28, 2026 - bearing interest at 5.18% fixed rate

 

2,000

 

2,000

Advanced May 8, 2024 - Due May 10, 2027 - Zero Development Advance at 0% fixed rate

 

1,695

 

1,695

Advanced May 21, 2024 - Due November 23, 2026 - bearing interest at 4.80% fixed rate

 

2,000

 

2,000

Advanced May 21, 2024 - Due August 21, 2028 - bearing interest at 4.65% fixed rate

 

2,000

 

2,000

Advanced May 21, 2024 - Due August 23, 2027 - bearing interest at 4.72% fixed rate

 

2,000

 

2,000

Advanced May 21, 2024 - Due August 29, 2029- bearing interest at 4.61% fixed rate

 

2,000

 

2,000

Advanced October 4, 2024 - Due October 4, 2027 - Zero Development Advance at 0% fixed rate

 

2,058

 

2,058

Advanced February 25, 2025 - Due February 25, 2030 - bearing interest at 4.33% fixed rate

 

1,000

 

Advanced June 12, 2025 - Due June 12, 2026 - Zero Development Advance at 0% fixed rate

5,814

Total Term Advances

 

40,567

 

39,253

Repurchase Advances:

 

  

 

  

Advanced December 27, 2024 - Due January 3, 2025 - bearing interest at 4.63% fixed rate

 

 

2,000

Total Advances

$

40,567

$

41,253

Schedule of contractual maturities and weighted average rates of advances from FHLBNY

The contractual maturities and weighted average rates of advances from FHLBNY at June 30, 2025 (unaudited) are as follows (dollars in thousands):

2025

    

$

2,000

    

4.54

%

2026

 

13,814

 

2.75

%

2027

 

8,753

 

3.51

%

2028

 

13,000

 

4.42

%

2029

 

2,000

 

4.61

%

2030

 

1,000

 

4.33

%

$

40,567

 

3.67

%