DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019									At December 31, 2018
	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		17	$	295,000	$	3,258	$	(3,970	)		14	$	245,000	$	4,669	$	(2,097	)

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income

The table below presents the effect of the cash flow hedge accounting on Accumulated Other Comprehensive Income (Loss) as of March 31, 2019 and 2018.

	Three Months Ended March 31,
	2019			2018
Interest rate products
Amount of gain (loss) recognized in other comprehensive income	$	(2,928	)	$	2,081
Amount of loss reclassified from other comprehensive income into interest expense		(356	)		(65	)

Offsetting of Derivative Assets

The tabular disclosure of fair value in Note 12 provides the location that derivative assets and liabilities are presented on the Balance Sheet.

	At March 31, 2019
	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				Net Amount
									Financial Instruments		Cash Collateral Received
FHLB Advances	$	3,258	$	(3,970	)	$	(712	)	$	—	$	—	$	(712	)

	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				Net Amount
								Financial Instruments		Cash Collateral Received
FHLB Advances	$	4,669	$	(2,097	)	$	2,572	$	—	$	—	$	2,572