DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2019

DERIVATIVE INSTRUMENTS [Abstract]

Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges

As of September 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	September 30, 2019		September 30, 2019
Loans	$	6,307	$	(347	)

Fair Value of Derivative Instruments

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

(000’s omitted)	September 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	$	347
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		748	Accrued interest and other liabilities	$	748
Total derivatives		$	1,095		$	748