FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Assets and Liabilities Measured on Recurring Basis

Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

			Fair Value Measurements at September 30, 2018 Using
	Total		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Financial Assets
Marketable equity securities (Registered Mutual Funds):
Domestic Equity Mutual Funds	$	4,168	$	4,168	$	—	$	—
International Equity Mutual Funds		239		239		—		—
Fixed Income Mutual Funds		1,704		1,704		—		—
Debt securities available-for-sale:
Agency Notes		5,088		—		5,088		—
Pass-through MBS issued by GSEs		347,647		—		347,647		—
Agency CMOs		117,843		—		117,843		—
Derivative – interest rate product		7,353		—		7,353		—

			Fair Value Measurements at December 31, 2017 Using
	Total		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Financial Assets
Trading securities (Registered Mutual Funds):
Domestic Equity Mutual Funds	$	460	$	460	$	—	$	—
International Equity Mutual Funds		120		120		—		—
Fixed Income Mutual Funds		2,135		2,135		—		—
Investment securities available-for-sale:
Registered Mutual Funds:
Domestic Equity Mutual Funds		1,512		1,512		—		—
International Equity Mutual Funds		445		445		—		—
Fixed Income Mutual Funds		2,049		2,049		—		—
Pass-through MBS issued by GSEs		72,629		—		72,629		—
Agency CMOs		278,755		—		278,755		—
Derivative – interest rate product		4,041		—		4,041		—

Carrying Amounts and Estimated Fair Values of Financial Instruments

Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

			Fair Value Measurements at September 30, 2018 Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total
Financial Assets
Cash and due from banks	$	132,822	$	132,822	$	—	$	—	$	132,822
Loans, net		5,392,037		—		—		5,323,822		5,323,822
Accrued interest receivable		17,379		—		1,144		16,235		17,379
FHLBNY capital stock		53,842		N/A		N/A		N/A		N/A
Financial Liabilities
Savings, money market and checking accounts		3,044,587		3,044,587		—		—		3,044,587
Certificates of Deposits (“CDs”)		1,337,663		—		1,333,445		—		1,333,445
Escrow and other deposits		119,796		119,796		—		—		119,796
FHLBNY Advances		1,042,925		—		1,032,262		—		1,032,262
Subordinated debt, net		113,722		—		112,585		—		112,585
Accrued interest payable		3,657		—		3,657		—		3,657

			Fair Value Measurements at December 31, 2017 Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total
Financial Assets
Cash and due from banks	$	169,455	$	169,455	$	—	$	—	$	169,455
Loans, net		5,581,084		—		—		5,519,746		5,519,746
Accrued interest receivable		16,543		—		751		15,792		16,543
FHLBNY capital stock		59,696		N/A		N/A		N/A		N/A
Financial Liabilities
Savings, money market and checking accounts		3,311,560		3,311,560		—		—		3,311,560
CDs		1,091,887		—		1,192,964		—		1,192,964
Escrow and other deposits		82,168		82,168		—		—		82,168
FHLBNY Advances		1,170,000		—		1,164,947		—		1,164,947
Subordinated debt, net		113,612		—		115,337		—		115,337
Accrued interest payable		1,623		—		1,623		—		1,623