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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Repurchase Agreements

2021

2020

 

Weighted

Weighted

 

Average

Average

 

    

Amount

    

Rate

    

Amount

    

Rate

 

 

(Dollars in thousands)

FHLB-NY advances - fixed rate:

 

  

 

  

 

  

 

  

Due in 2021

$

 

$

702,515

 

0.57

Due in 2022

 

572,186

 

0.37

 

55,685

 

0.52

Due in 2023

 

39,001

 

0.48

 

39,001

 

0.48

Total FHLB-NY advances

 

611,187

 

0.38

 

797,201

 

0.56

Other Borrowings:

Due in 2022

 

25,000

 

0.11

 

90,378

 

0.35

Subordinated debentures

Due in 2025

15,523

6.12

Due in 2026

74,657

5.27

Due in 2031

122,885

3.52

Total Subordinated debentures

 

122,885

 

3.52

 

90,180

 

5.42

Junior subordinated debentures - adjustable rate Due in 2037

 

56,472

 

1.74

 

43,136

 

2.35

Total borrowings

$

815,544

 

0.94

%  

$

1,020,895

 

1.05

%

Terms of Securities Issued By Trusts

Subordinated

 

    

Debentures

 

(Dollars in thousands)

Amount

$

125,000

Issue Date

 

November 22, 2021

Initial Rate

 

3.125

%

First Reset Date

 

December 01, 2026

First Call Date

 

December 01, 2026

Holding Type

Variable

Spread over 3-month SOFR

2.035

%

Maturity Date

December 01, 2031

    

Flushing Financial

    

Flushing Financial

    

Flushing Financial 

 

    

Capital Trust II

    

 Capital Trust III

    

Capital Trust IV

 

Issue Date

June 20, 2007

June 21, 2007

July 3, 2007

Initial Rate

7.14

%  

6.89

%  

6.85

%

First Reset Date

September 01, 2012

June 15, 2012

July 30, 2012

Spread over 3-month LIBOR

1.41

%  

1.44

%  

1.42

%

Maturity Date

September 01, 2037

September 15, 2037

July 30, 2037