DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2018

DERIVATIVES AND HEDGING ACTIVITIES [Abstract]

Fair Value of Derivative Financial Instruments and Classification on Consolidated Statements of Financial Condition

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of the periods indicated.

	At December 31, 2018									At December 31, 2017
	Count		Notional Amount		Fair Value Assets		Fair Value Liabilities			Count		Notional Amount		Fair Value Assets		Fair Value Liabilities
Included in other assets/(liabilities):
Interest rate swaps related to FHLBNY advances		14	$	245,000	$	4,669	$	(2,097	)		7	$	135,000	$	4,041	$	—

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive (Loss)

The table below presents the effect of the cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss) as of December 31, 2018, 2017 and 2016.

	Year Ended December 31,
	2018			2017		2016
Interest rate products
Amount of gain (loss) recognized in other comprehensive income	$	(758	)	$	511	$	3,205
Amount of gain (loss) reclassified from other comprehensive income into interest expense		(692	)		283		23

Offsetting of Derivative Assets

The table below presents a gross presentation, the effects of offsetting of derivative assets, and a net presentation of the Company's derivatives for the periods indicated. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value in Note 12 provides the location that derivative assets and liabilities are presented on the Balance Sheet.

	At December 31, 2018
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position			Net Amounts of Assets Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
								Financial Instruments		Cash Collateral Received		Net Amount
FHLB Advances	$	4,669	$	(2,097	)	$	2,572	$	—	$	—	$	2,572

	At December 31, 2017
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Cash Collateral Received		Net Amount
FHLB Advances	$	4,041	$	—	$	4,041	$	—	$	—	$	4,041