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FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES
 12 Months Ended
Dec. 31, 2022
Advance from Federal Home Loan Bank [Abstract]  
FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES
FHLBNY overnight advances totaled $95.8 million and $14.6 million as of December 31, 2022 and 2021, respectively. The Corporation held no fixed rate term advances as of December 31, 2022 and 2021, respectively.


The following is a summary of FHLBNY overnight advances as of December 31, 2022 and 2021. The carrying amount includes the advance balance plus purchase accounting adjustments that are amortized over the term of the advance (in thousands):
20222021
AmountRateMaturity DateAmountRateMaturity Date
$95,810 4.61 %January 3, 2023$14,570 0.34 %January 3, 2022


The Bank has pledged $228.4 million and $204.2 million of first mortgage loans under a blanket lien arrangement at December 31, 2022 and 2021, respectively, as collateral for future borrowings.  Based on this collateral and additional securities held, the Bank's unused borrowing capacity at the FHLBNY was $99.8 million at December 31, 2022.