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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]  
Summary Of Fair Value Of Derivative Instruments And Location In Statement Of Financial Condition [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes for derivative instruments their notional
 
amounts, fair values and location in the consolidated
statements of financial condition as of the indicated dates:
Asset Derivatives
Liability Derivatives
Notional Amounts
(1)
Statements of Financial
Condition Location
Fair Value
Statements of Financial Condition
Location
Fair Value
December 31,
December 31,
December 31,
2023
2022
2023
2022
2023
2022
(In thousands)
Undesignated economic hedges:
Interest rate contracts:
 
Interest rate swap agreements
 
$
8,969
$
9,290
Other assets
$
283
$
313
Accounts payable and other liabilities
$
255
$
278
 
Written interest rate cap agreements
 
-
 
14,500
Other assets
-
-
Accounts payable and other liabilities
-
197
 
Purchased interest rate cap agreements
 
-
 
14,500
Other assets
-
199
Accounts payable and other liabilities
-
-
 
Interest rate lock commitments
2,252
3,225
Other assets
58
63
Accounts payable and other liabilities
-
-
Forward Contracts:
 
Sales of TBA GNMA MBS pools
7,000
11,000
Other assets
-
58
Accounts payable and other liabilities
62
1
$
18,221
$
52,515
$
341
$
633
$
317
$
476
(1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions.
Effect Of Derivative Instruments On Statement Of Income (Loss) [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes the effect of derivative
 
instruments on the consolidated statements of income for the indicated
periods:
Gain (Loss)
Location of Gain (Loss)
Year Ended
on Derivatives Recognized in
December 31,
Statements of Income
2023
2022
2021
(In thousands)
Undesignated economic hedges:
 
Interest rate contracts:
 
Interest rate swap agreements
 
Interest income - loans
$
(7)
$
28
$
24
 
Written and purchased interest rate cap agreements
Interest income - loans
(1)
2
-
 
Interest rate lock commitments
Mortgage banking activities
(74)
(322)
(687)
 
Forward contracts:
 
Sales of TBA GNMA MBS pools
Mortgage banking activities
(119)
135
114
 
Forward loan sales commitments
Mortgage banking activities
-
(20)
-
 
Total loss on derivatives
$
(201)
$
(177)
$
(549)