DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2013:

(000's omitted)	Location	Notional		Fair Value
Derivatives not designated as hedging instruments:
Forward sales commitments	Other liabilities	$	2,508	$	27
Commitments to originate real estate loans for sale	Other assets		2,946		44
Total derivatives				$	71

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 year ended December 31, 2013:

(000's omitted)	Location	Gain Recognized in the Statement of Income for the Year Ending December 31, 2013
Forward sales commitments	Mortgage banking and other services	$	27
Commitments to originate real estate loans for sale	Mortgage banking and other services		44
Total		$	71