RISK MANAGEMENT AND DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amount and Market Value of Mortgage Banking Derivatives

The following table presents the notional amount and fair value of derivative instruments included in the Consolidated Statements of Financial Condition as of the dates indicated. Note 3 contains further disclosures pertaining to the fair value of mortgage banking derivatives.

	September 30, 2016				December 31, 2015
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(In thousands)
Included in assets:
Interest rate lock commitments	$	521,547	$	15,200	$	262,135	$	7,343
Mandatory forward commitments	138,400		140		468,740		1,130
Interest rate swaps on deposits and other borrowings	—		—		25,000		331
Interest rate swaps and cap on loans with customers	27,140		285		27,467		238
Foreign exchange contracts	10,430		121		—		—
Total included in assets	$	697,517	$	15,746	$	783,342	$	9,042
Included in liabilities:
Interest rate lock commitments	$	21,775	$	109	$	16,790	$	88
Mandatory forward commitments	999,041		3,624		215,272		300
Interest rate swaps on deposits and other borrowings	25,000		576		50,000		441
Interest rate swaps and caps on loans with correspondent bank	27,140		285		27,467		238
Foreign exchange contracts	10,366		56		—		—
Total included in liabilities	$	1,083,322	$	4,650	$	309,529	$	1,067