DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2019

DERIVATIVE INSTRUMENTS [Abstract]

Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges

As of June 30, 2019, the following amounts were recorded in the consolidated statement of condition related to cumulative basis adjustments for fair value hedges:

(000’s omitted)

	Carrying Amount of the Hedged Assets		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
Line Item in the Consolidated Statement of Condition in Which the Hedged Item Is Included	June 30, 2019		June 30, 2019
Loans	$	6,475	$	(252	)

Fair Value of Derivative Instruments

Fair values of derivative instruments as of June 30, 2019 are as follows:

(000’s omitted)	June 30, 2019
	Derivative Assets			Derivative Liabilities
Consolidated Statement of Condition Location		Fair Value		Consolidated Statement of Condition Location	Fair Value
Derivatives designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets	$	252
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		757	Accrued interest and other liabilities	$	757
Total derivatives		$	1,009		$	757