DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2019

DERIVATIVES AND HEDGING ACTIVITIES [Abstract]

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 September 30, 2019 and 2018.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2019			2018		2019			2018
Amount of gain (loss) recognized in other comprehensive income	$	(2,044	)	$	966	$	(10,717	)	$	3,792
Amount of gain reclassified from other comprehensive income into interest expense		279			212		967			462

Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

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 September 30, 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		24	$	425,000	$	730	$	(9,842	)		14	$	245,000	$	4,669	$	(2,097	)

Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

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

The following table reflects freestanding derivatives included in the Consolidated Statements of Financial Condition as of the period indicated:

	At September 30, 2019
	Count		Notional Amount		Fair Value Assets		Fair Value Liabilities
Included in other assets/(liabilities):
Loan level interest rate swaps with borrower		4	$	39,984	$	1,696	$	—
Loan level interest rate swaps with third-party counterparties		4		39,984		—		1,696