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FHLBNY ADVANCES (Tables)
12 Months Ended
Dec. 31, 2022
FHLBNY ADVANCES  
Summary of FHLBNY extinguishments

Year Ended December 31,

(Dollars in thousands)

2022

    

2021

    

2020

FHLBNY advances extinguished

$

-

$

209,010

$

70,750

Weighted average rate

-

%

1.31

%

1.15

%

Loss on extinguishment of debt

$

-

$

1,751

$

1,104

Schedule of contractual maturities and weighted average interest rates of FHLBNY advances

December 31, 2022

 

(Dollars in thousands)

Weighted

 

Contractual Maturity

    

Amount

    

Average Rate

 

2023, fixed rate at rates from 3.85% to 4.75%

$

1,095,000

4.56

2027, fixed rate at 4.25%

36,000

 

4.25

Total FHLBNY advances

$

1,131,000

 

4.55

%

December 31, 2021

 

(Dollars in thousands)

Weighted

 

Contractual Maturity

    

Amount

    

Average Rate

 

2022, fixed rate at 0.35%

$

25,000

 

0.35

%

Total FHLBNY advances

$

25,000

 

0.35

%