Borrowed Funds (Tables)

3 Months Ended

Mar. 31, 2026

Borrowed funds as of March 31, 2026 and December 31, 2025 are summarized as follows (in thousands):


	March 31, 2026		December 31, 2025
Securities sold under repurchase agreements	$	95,137	95,007
FHLBNY line of credit	249,000		275,000
FHLBNY advances	2,136,945		1,739,735
Purchase accounting adjustment ("PAA") on borrowed funds	1,897		2,213
Total borrowed funds	$	2,482,979	2,111,955

Scheduled of Maturities of FHLB Advances

Scheduled maturities of FHLBNY advances and lines of credit, including purchase accounting adjustments resulting from the Lakeland acquisition as of March 31, 2026 are as follows (in thousands):


	2026
Due in one year or less	$	1,835,945
Due after one year through two years	350,000
Due after two years through three years	—
Due after three years through four years	200,000

Thereafter	—
PAA on borrowed funds	1,897
Total FHLBNY advances and overnight borrowings	$	2,387,842

Scheduled of Maturities of Sold Under Repurchase Agreements

Scheduled maturities of securities sold under repurchase agreements as of March 31, 2026 are as follows (in thousands):


	2026
Due in one year or less	$	95,137





Total securities sold under repurchase agreements	$	95,137

Scheduled of Debt Disclosure by Year

The following tables set forth certain information as to borrowed funds for the periods ended March 31, 2026 and December 31, 2025 (in thousands):


	Maximum balance		Average balance	Weighted average interest rate
March 31, 2026
Securities sold under repurchase agreements	$	95,137	93,072	2.51	%
FHLBNY overnight borrowings	689,000		277,745	3.90
FHLBNY advances	2,136,945		1,811,800	4.05

December 31, 2025
Securities sold under repurchase agreements	$	117,946	105,343	2.37	%
FHLBNY overnight borrowings	704,000		292,090	4.55
FHLBNY advances	2,368,897		1,617,909	3.99