v3.26.1
BORROWINGS
6 Months Ended
Jun. 30, 2026
BORROWINGS  
BORROWINGS

NOTE 6 — BORROWINGS

Borrowings consisted of the following (in thousands):

Interest Expense

Interest Expense

At

At

Three months ended

  ​ ​ ​

Six months ended

June 30, 

December 31, 

  ​ ​ ​

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

  ​ ​ ​

Federal funds purchased and securities sold under agreements to repurchase

$

$

$

$

1,260

$

$

2,670

Federal Home Loan Bank of New York advances

$

$

$

$

1,829

$

$

4,584

Secured and other borrowings:

Secured borrowings

$

15,938

$

10,975

N.M.

N.M.

N.M

N.M

N.M. – not meaningful

Federal funds purchased are generally overnight transactions and FHLBNY advances are short-term transactions. At June 30, 2026, the Company had no outstanding Federal funds purchased or FHLBNY advances.

Secured borrowings are loan participation agreements with counterparties where the transfer of the participation interest did not qualify for sale treatment under GAAP.

At June 30, 2026, the Company had cash on deposit with the FRBNY and available secured wholesale funding borrowing capacity of $3.1 billion.