DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2019

DERIVATIVE INSTRUMENTS [Abstract]

Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges

As of December 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
	December 31, 2019		December 31, 2019
Loans	$	6,390	$	(265	)

Fair Value of Derivative Instruments

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

(000’s omitted)
	December 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	$	265
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		586	Accrued interest and other liabilities	$	586
Total derivatives		$	851		$	586