FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 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.

			Fair Value Measurements at June 30, 2019 Using
	Total		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Financial Assets
Marketable equity securities (Registered Mutual Funds):
Domestic Equity Mutual Funds	$	1,624	$	1,624	$	—	$	—
International Equity Mutual Funds		419		419		—		—
Fixed Income Mutual Funds		3,910		3,910		—		—
Securities available-for-sale:
Agency Notes		40,552		—		40,552		—
Corporate Securities		26,453		—		26,453		—
Pass-through MBS issued by GSEs		267,267		—		267,267		—
Agency CMOs		142,242		—		142,242		—
Loans Held for Sale		3,814		—		3,814		—
Derivative – cash flow hedges		1,258		—		1,258		—
Derivative – freestanding derivatives		440		—		440		—
Financial Liabilities
Derivative – cash flow hedges		8,047		—		8,047		—
Derivative – freestanding derivatives		440		—		440		—

			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 – cash flow hedges		4,669		—		4,669		—
Financial Liabilities
Derivative – cash flow hedges		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.

			Fair Value Measurements at June 30, 2019 Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total
Financial Assets
Cash and due from banks	$	172,418	$	172,418	$	—	$	—	$	172,418
Loans, net		5,510,397		—		—		5,483,046		5,483,046
Accrued interest receivable		19,273		104		1,366		17,803		19,273
Financial Liabilities
Savings, money market and checking accounts		2,781,367		2,781,367		—		—		2,781,367
Certificates of Deposits ("CDs")		1,654,169		—		1,651,148		—		1,651,148
Escrow and other deposits		85,811		85,811		—		—		85,811
FHLBNY Advances		1,115,200		—		1,121,855		—		1,121,855
Subordinated debt, net		113,832		—		114,117		—		114,117
Other borrowings		58,000		58,000		—		—		58,000
Accrued interest payable		3,299		12		3,287		—		3,299

			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
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