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Borrowings (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds FHLBNY and FRBNY and Correspondent Bank Advances Maturity and Call Date

Borrowed funds at December 31, 2023 and 2022 consist of the following and are summarized by maturity and call date below:

 

 

December 31,

 

 

December 31,

 

 

2023

 

 

2022

 

 

Scheduled
Maturity

 

 

Redeemable
at Call Date

 

 

Weighted
Average
Rate

 

 

Scheduled
Maturity

 

 

Redeemable
at Call Date

 

 

Weighted
Average
Rate

 

 

(Dollars in thousands)

 

FHLBNY Overnight line of credit
   advance

$

 

 

$

 

 

 

%

 

$

6,000

 

 

$

6,000

 

 

 

4.61

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FHLBNY and FRBNY Term advances ending:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

$

 

 

$

 

 

 

 

 

$

178,375

 

 

$

178,375

 

 

 

4.32

 

2024

 

363,321

 

 

 

363,321

 

 

 

4.55

 

 

 

50,000

 

 

 

50,000

 

 

 

4.75

 

2025

 

50,000

 

 

 

50,000

 

 

 

4.41

 

 

 

50,000

 

 

 

50,000

 

 

 

4.41

 

2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2027

 

212,000

 

 

 

212,000

 

 

 

3.44

 

 

 

183,000

 

 

 

183,000

 

 

 

3.25

 

2028

 

9,100

 

 

 

9,100

 

 

 

3.84

 

 

 

 

 

 

 

 

 

 

Thereafter

 

50,000

 

 

 

50,000

 

 

 

3.35

 

 

 

50,000

 

 

 

50,000

 

 

 

3.35

 

$

684,421

 

 

$

684,421

 

 

 

4.10

%

 

$

517,375

 

 

$

517,375

 

 

 

3.90

%