v3.26.1
Borrowings
12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Borrowings Borrowings
Borrowings at June 30, 2026 and 2025 consisted of the following:
June 30,
2026
June 30,
2025
(In Thousands)
FHLB advances$950,000 $1,106,491 
Overnight borrowings(1)
200,000 150,000 
Total borrowings$1,150,000 $1,256,491 
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(1)At June 30, 2026 and June 30, 2025, comprised of FHLB overnight line of credit borrowings.
Fixed-rate advances from the FHLB of New York mature as follows:
June 30, 2026June 30, 2025
Balance Weighted
Average
Interest Rate
Balance Weighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$750,000 3.82 %$906,500 4.44 %
One to two years200,000 3.98 — — 
Two to three years— — 200,000 3.98 
Three to four years— — — — 
Four to five years— — — — 
Greater than five years— — — — 
Total advances950,000 3.85 %1,106,500 4.36 %
Unamortized fair value adjustments— (9)
Total advances, net of fair value adjustments$950,000 $1,106,491 
At June 30, 2026, 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 $2.85 billion. 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, 2026, the Company maintained available secured borrowing capacity with the FHLB and the Federal Reserve Discount Window of $2.35 billion.