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Borrowings (Tables)
12 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Borrowings
Borrowings at June 30, 2024 and 2023 consisted of the following:
June 30,
2024
June 30,
2023
(In Thousands)
FHLB advances$1,434,789 $1,281,812 
Federal Reserve Bank Term Funding Program ("BTFP")100,000 — 
Total fixed-rate advances1,534,789 1,281,812 
Overnight borrowings(1)
175,000 225,000 
Total borrowings$1,709,789 $1,506,812 
________________________________________
(1)At June 30, 2024, represented $175.0 million of FHLB overnight line of credit borrowings. At June 30, 2023, represented $125.0 million of FHLB overnight line of credit borrowings and $100.0 million of unsecured overnight borrowings from other financial institutions.
Schedule of Fixed Rate Advances from FHLB
Fixed-rate advances from FHLB of New York and BTFP borrowings mature as follows:
June 30, 2024June 30, 2023
Balance Weighted
Average
Interest Rate
Balance Weighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$1,328,500 5.25 %$972,500 5.36 %
One to two years6,500 2.82 103,500 2.68 
Two to three years— — 6,500 2.82 
Three to four years200,000 3.98 — — 
Four to five years— — 200,000 3.98 
Greater than five years— — — — 
Total advances1,535,000 5.07 %1,282,500 4.92 %
Unamortized fair value adjustments(211)(688)
Total advances, net of fair value adjustments$1,534,789 $1,281,812