v3.25.2
Borrowings
 12 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Borrowings Borrowings
Borrowings at June 30, 2025 and 2024 consisted of the following:
June 30,
2025		June 30,
2024
(In Thousands)
FHLB advances$1,106,491 $1,434,789 
Federal Reserve Bank Term Funding Program ("BTFP")— 100,000 
Total fixed-rate advances1,106,491 1,534,789 
Overnight borrowings(1)
150,000 175,000 
Total borrowings$1,256,491 $1,709,789 
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(1)At June 30, 2025 and June 30, 2024, comprised of FHLB overnight line of credit borrowings.
Fixed-rate advances from FHLB of New York and BTFP borrowings mature as follows:
June 30, 2025June 30, 2024
Balance Weighted
Average
Interest Rate		Balance Weighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$906,500 4.44 %$1,328,500 5.25 %
One to two years— — 6,500 2.82 %
Two to three years200,000 3.98 %— — 
Three to four years— — 200,000 3.98 %
Four to five years— — — — 
Greater than five years— — — — 
Total advances1,106,500 4.36 %1,535,000 5.07 %
Unamortized fair value adjustments(9)(211)
Total advances, net of fair value adjustments$1,106,491 $1,534,789 
At June 30, 2025, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $3.24 billion. At June 30, 2024, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $4.38 billion. At June 30, 2025, the Company maintained available secured borrowing capacity with the FHLB and the Federal Reserve Discount Window of $2.22 billion.
At June 30, 2025, there were no BTFP borrowings. At June 30, 2024, BTFP borrowings were secured by agency mortgage-backed securities with a par value of $113.5 million.