Borrowed Funds (Tables)

6 Months Ended

Jun. 30, 2026

Borrowed funds as of June 30, 2026 and December 31, 2025 are summarized as follows (in thousands):


	June 30, 2026		December 31, 2025
Securities sold under repurchase agreements	$	85,006	95,007
FHLBNY line of credit	734,000		275,000
FHLBNY advances	1,586,945		1,739,735
Purchase accounting adjustment ("PAA") on borrowed funds	1,581		2,213
Total borrowed funds	$	2,407,532	2,111,955

Schedule of Maturities of FHLBNY Advances and Lines of Credit

Scheduled maturities of FHLBNY advances and lines of credit, including purchase accounting adjustments resulting from the Lakeland Bancorp, Inc. ("Lakeland") merger as of June 30, 2026 are as follows (in thousands):


	2026
Due in one year or less	$	1,870,945
Due after one year through two years	350,000
Due after two years through three years	—
Due after three years through four years	100,000

Thereafter	—
PAA on borrowed funds	1,581
Total FHLBNY advances and overnight borrowings	$	2,322,526

Schedule of Maturities of Sold Under Repurchase Agreements

Scheduled maturities of securities sold under repurchase agreements as of June 30, 2026 are as follows (in thousands):


	2026
Due in one year or less	$	85,006





Total securities sold under repurchase agreements	$	85,006