FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

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.

	Total		Fair Value Measurements at March 31, 2019 Using
			Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Financial Assets
Marketable equity securities (Registered Mutual Funds):
Domestic Equity Mutual Funds	$	1,611	$	1,611	$	—	$	—
International Equity Mutual Funds		416		416		—		—
Fixed Income Mutual Funds		3,885		3,885		—		—
Securities available-for-sale:
Agency Notes		25,173		—		25,173		—
Corporate Securities		29,233		—		29,233		—
Pass-through MBS issued by GSEs		348,607		—		348,607		—
Agency CMOs		108,610		—		108,610		—
Loans Held for Sale		682		—		682		—
Derivative – interest rate product		3,258		—		3,258		—
Financial Liabilities
Derivative – interest rate product		3,970		—		3,970		—

			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		—		—
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		—

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.

	Carrying Amount		Fair Value Measurements at March 31, 2019 Using
			Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total
Financial Assets
Cash and due from banks	$	143,473	$	143,473	$	—	$	—	$	143,473
Loans, net		5,484,495		—		—		5,410,989		5,410,989
Accrued interest receivable		18,868		27		1,664		17,177		18,868
Financial Liabilities
Savings, money market and checking accounts		2,826,844		2,826,844		—		—		2,826,844
Certificates of Deposits ("CDs")		1,580,778		—		1,577,338		—		1,577,338
Escrow and other deposits		137,116		137,116		—		—		137,116
FHLBNY Advances		1,087,325		—		1,085,118		—		1,085,118
Subordinated debt, net		113,796		—		112,089		—		112,089
Other borrowings		45,000		45,000		—		—		45,000
Accrued interest payable		4,352		10		4,342		—		4,352

	Carrying Amount		Fair Value Measurements at December 31, 2018 Using
			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
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