DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2015

DERIVATIVE INSTRUMENTS [Abstract]

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 March 31, 2015:

(000's omitted)	Location	Notional		Fair Value
Derivatives not designated as hedging instruments:
Forward sales commitments	Other liabilities	$	5,236	$	(22	)
Commitments to originate real estate loans for sale	Other assets		5,035		152
Total derivatives , net				$	130

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 months ended March 31, 2015:

(000's omitted)	Location	Loss recognized in the Statement of Income for the Three Months Ending March 31, 2015
Forward sales commitments	Mortgage banking and other services	$	21
Commitments to originate real estate loans for sale	Mortgage banking and other services		(33	)
Total, net		$	(12	)