DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments Fair Value and Balance Sheet Location

The following table presents the Company’s derivative financial instruments, their estimated fair values, and balance sheet location as of September 30, 2013:

(000's omitted)	Location	Notional	Fair Value
Derivatives not designated as hedging instruments:
Forward sales commitments	Other liabilities	$6,262	($129)
Commitments to originate real estate loans for sale	Other assets	6,835	268
Total derivatives			$139

Derivative Instruments and Location of Net Gain or Loss In Statement of Income

The following table presents the Company’s derivative financial instruments and the location of the net gain or loss recognized in the statement of income for the three and nine months ended September 30, 2013:

		Gain (Loss) recognized in the Statement of Income
(000's omitted)	Location	Three Months Ending September 30, 2013	Nine Months Ending September 30, 2013
Forward sales commitments	Mortgage banking and other services	($110)	($129)
Commitments to originate real estate loans for sale	Mortgage banking and other services	249	268
Total		$139	$139