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	%