FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2018

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following tables present financial assets liabilities measured at fair value on a recurring basis as of the dates indicated, segmented by level within the fair value hierarchy.  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 December 31, 2018 Using
	Total		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Financial Assets
Marketable equity securities (Registered Mutual Funds):
Domestic Equity Mutual Funds	$	1,420	$	1,420	$	—	$	—
International Equity Mutual Funds		377		377		—		—
Fixed Income Mutual Funds		3,870		3,870		—		—
Debt securities available-for-sale:
Agency Notes		25,145		—		25,145		—
Corporate Securities		11,135		—		11,135		—
Pass-through MBS issued by GSEs		354,613		—		354,613		—
Agency CMOs		111,992		—		111,992		—
Loans held for sale		1,097		—		1,097		—
Derivative – interest rate product		4,669		—		4,669		—
Financial Liabilities
Derivative – interest rate product		2,097		—		2,097		—

			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		—

Fair Value Measurements, Nonrecurring

The following tables present the carrying amounts and estimated fair values of financial instruments other than those measured at fair value on either a recurring or non-recurring is as follows for the dates indicated, segmented by level within the fair value hierarchy. 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 December 31, 2018 Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total
Financial Assets:
Cash and due from banks	$	147,256	$	147,256	$	—	$	—	$	147,256
Loans, net		5,372,036		—		—		5,301,281		5,301,281
Accrued interest receivable		17,875		—		1,296		16,579		17,875
FHLBNY capital stock		57,551		N/A		N/A		N/A		N/A
Financial Liabilities:
Savings, money market and checking accounts		2,946,717		2,946,717		—		—		2,946,717
CDs		1,410,037		—		1,407,747		—		1,407,747
Escrow and other deposits		85,234		85,234		—		—		85,234
FHLBNY Advances		1,125,350		—		1,119,548		—		1,119,548
Subordinated debt, net		113,759		—		110,346		—		110,346
Accrued interest payable		2,710		—		2,710		—		2,710

			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