Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Schedule of Short-Term Borrowings:

	2019		2018
Balances at December 31:
Overnight Advances from the Federal Home Loan Bank of New York	$	130,000	$	234,000
Securities Sold Under Agreements to Repurchase	51,099		54,659
Total Short-Term Borrowings	$	181,099	$	288,659
Maximum Borrowing Capacity at December 31:
Federal Funds Purchased	$	67,000	$	57,000
Federal Home Loan Bank of New York	731,240		550,750
Federal Reserve Bank of New York	583,369		489,809

Schedule of Financial Instruments Owned and Pledged as Collateral

Investment securities with a fair value of $62.4 million and $65.5 million were pledged as collateral for the securities sold under agreements to repurchase at December 31, 2019 and 2018, respectively, and are presented in the table below:

	2019		2018
Balances at December 31:
U.S. Government & Agency Obligations	$	—	$	22,314
Mortgage-Backed Securities	62,372		43,155
Total Pledged Collateral for Repo Accounts	$	62,372	$	65,469

Schedule of Maturities of Long-term Debt

Maturity Schedule of FHLBNY Term Advances:

	Balances				Weighted Average Rate
Final Maturity	2019		2018		2019		2018
First Year	$	25,000	$	20,000	2.02	%	1.70	%
Second Year	—		25,000		—	%	2.02	%
Third Year	5,000		—		1.81	%	—	%
Fourth Year	—		—		—	%	—	%
Fifth Year	—		—		—	%	—	%
Total	$	30,000	$	45,000	1.98	%	1.88	%

Schedule of Long-term Debt Instruments

Schedule of Guaranteed Preferred Beneficial Interests in Corporation's Junior Subordinated Debentures

	2019			2018
ACST II
Balance at December 31,	$	10,000		$	10,000
Period-End Interest Rate	5.25		%	5.55		%
ACST III
Balance at December 31,	$	10,000		$	10,000
Period-End Interest Rate	4.10		%	4.40		%