Center Bancorp CNOB Average interest rate on borrowed federal funds
Average interest rate on borrowed federal funds at other companies
Other financials
Where this comes from
Reported directly by Center Bancorp in its filing.
Tagged under the XBRL concept us-gaap:FederalHomeLoanBankAdvancesBranchOfFHLBBankInterestRate.
The official record: Center Bancorp’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Center Bancorp's average interest rate on borrowed federal funds?
- Center Bancorp (CNOB) reported average interest rate on borrowed federal funds of 3.8% in Q1 2026.
- How has Center Bancorp's average interest rate on borrowed federal funds changed year-over-year?
- Center Bancorp's average interest rate on borrowed federal funds decreased by 11.3% year-over-year, from 4.3% to 3.8%.
- What is the long-term trend for Center Bancorp's average interest rate on borrowed federal funds?
- Over 4 years (2021 to 2025), Center Bancorp's average interest rate on borrowed federal funds has grown at a 52.7% compound annual growth rate (CAGR), from 0.7% to 4%.
- What does average interest rate on borrowed federal funds mean?
- This represents the average interest rate paid on borrowed federal funds, which are short-term interbank loans used to manage daily liquidity. It serves as a key indicator of the bank's cost of short-term wholesale funding. Fluctuations in this rate often reflect broader changes in monetary policy and market liquidity conditions.