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TRUST PREFERRED SECURITIES PAYABLE
9 Months Ended
Sep. 30, 2017
TRUST PREFERRED SECURITIES PAYABLE [Abstract]  
TRUST PREFERRED SECURITIES PAYABLE
14.   TRUST PREFERRED SECURITIES PAYABLE

On March 19, 2004, the Holding Company completed an offering of trust preferred securities through Dime Community Capital Trust I, an unconsolidated special purpose entity formed for the purpose of the offering. The trust preferred securities bear a fixed interest rate of 7.0%, mature on April 14, 2034, and became callable without penalty at any time on or after April 15, 2009.  The outstanding balance of the trust preferred securities was $70,680 at December 31, 2016.

During the three months ended September 30, 2017, the Company redeemed its $70,680 of trust preferred securities borrowings at par from third parties. The Company recognized a $1,272 loss from extinguishment of debt from the acceleration of the remaining unamortized deferred origination costs.