BORROWED FUNDS - Corporation's Borrowed Funds Outstanding (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 10, 2025 |
Dec. 31, 2024 |
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Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | |||
FHLBNY term advances, balance | $ 55,000 | $ 109,110 | |
Subordinated notes, net | 44,146 | 0 | |
Total borrowed funds | 99,146 | ||
FHLBNY fixed rate term advances | |||
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | |||
FHLBNY term advances, balance | $ 55,000 | ||
FHLBNY term advances, rate | 4.44% | ||
Subordinated notes, net | |||
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | |||
Subordinated notes, net | $ 44,146 | ||
Subordinated notes, net rate | 7.75% | 7.75% | |
FHLBNY overnight advances | |||
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items] | |||
FHLBNY term advances, balance | $ 109,110 | ||
FHLBNY term advances, rate | 4.69% |
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of advance from Federal Home Loan Bank (FHLBank). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Rate of interest applicable on advance from Federal Home Loan Bank (FHLBank). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of subordinated debt (with initial maturities beyond one year or beyond the operating cycle if longer). Subordinated debt places a lender in a lien position behind debt having a higher priority of repayment in liquidation of the entity's assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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