DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

As of March 31, 2019, the following amounts were recorded in the consolidated statement of condition related to cumulative basis adjustments for fair value hedges:

(000’s omitted) Line Item in the Consolidated Statement of Condition in Which the Hedged Item Is Included	Carrying Amount of the Hedged Assets		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
	March 31, 2019		March 31, 2019
Loans	$	7,006	$	(130	)

Fair Value of Derivative Instruments

Fair values of derivative instruments as of March 31, 2019 are as follows:

(000’s omitted)	March 31, 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	$	130

Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		705	Accrued interest and other liabilities	$	705
Commitments to originate real estate loans for sale	Other assets		20
Forward sales commitments				Accrued interest and other liabilities		6
Total derivatives		$	855		$	711