Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Schedule of Borrowings:

	June 30, 2024		December 31, 2023		June 30, 2023
Balance:
BTFP Advances	$	100,000	$	—	150,000
FHLBNY Overnight Advances	—		20,000		14,000
FHLBNY Term Advances	6,500		6,500		7,800
Total Borrowings	$	106,500	$	26,500	$	171,800
Maximum Borrowing Capacity:
Federal Funds Purchased	$	28,000	$	28,000	$	52,000
Federal Home Loan Bank of New York	587,448		576,602		634,989
Federal Reserve Bank of New York	874,889		738,511		708,373
Available Borrowing Capacity:
Federal Funds Purchased	$	28,000	$	28,000	$	52,000
Federal Home Loan Bank of New York	535,848		550,102		529,189
Federal Reserve Bank of New York	774,889		738,511		708,373

Schedule of Maturities of Short-Term Debt

Maturity Schedule of FHLBNY Term Advances:

	Balances						Weighted Average Rate 1
Final Maturity	6/30/2024		12/31/2023		6/30/2023		6/30/2024		12/31/2023		6/30/2023
First Year	$	4,250	$	4,250	$	7,800	5.80	%	5.80	%	5.14	%
Second Year	2,250		2,250		—		5.38	%	5.38	%	—	%
Total	$	6,500	$	6,500	$	7,800	5.66	%	5.66	%	5.14	%
1. The effective rate on the FHLBNY Advances is 0% due to subsidized funding in the form of interest rate credits.

Schedule of Long-Term Debt Instruments

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

	June 30, 2024			December 31, 2023			June 30, 2023
ACST II
Balance	$	10,000		$	10,000		$	10,000
Period End:
Variable Interest Rate	8.74		%	8.74		%	8.69		%
Fixed Interest Rate resulting from cash flow hedge agreement	4.00		%	4.00		%	4.00		%
ACST III
Balance	$	10,000		$	10,000		$	10,000
Period End:
Variable Interest Rate	7.59		%	7.59		%	7.54		%
Fixed Interest Rate resulting from cash flow hedge agreement	2.86		%	2.86		%	2.86		%