DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2021

DERIVATIVE INSTRUMENTS

Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges

As of September 30, 2021 and December 31, 2020, the following amounts were recorded in the consolidated statement of condition related to cumulative basis adjustments for fair value hedges:

(000’s omitted)					Cumulative Amount of Fair Value
	Carrying Amount of the Hedged				Hedging Adjustment Included in the
Line Item in the Consolidated	Assets				Carrying Amount of the Hedged Assets
Statement of Condition in Which	September 30,		December 31,		September 30,		December 31,
the Hedged Item Is Included	2021		2020		2021		2020
Loans	$	5,363	$	5,675	$	(330)	$	(498)

Fair Value of Derivative Instruments

Fair values of derivative instruments as of September 30, 2021 and December 31, 2020 are as follows:

(000’s omitted)	September 30, 2021
	Derivative Assets			Derivative Liabilities
	Consolidated Statement	Fair		Consolidated Statement of	Fair
	of Condition Location	Value		Condition Location	Value
Derivatives designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets	$	330
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		5	Accrued interest and other liabilities	$	5
Commitments to originate real estate loans for sale	Other assets		45
Forward sales commitments	Other assets		53
Total derivatives		$	433		$	5

(000’s omitted)	December 31, 2020
	Derivative Assets			Derivative Liabilities
	Consolidated Statement	Fair		Consolidated Statement of	Fair
	of Condition Location	Value		Condition Location	Value
Derivatives designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets	$	498
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		1,074	Accrued interest and other liabilities	$	1,074
Commitments to originate real estate loans for sale	Other assets		14
Forward sales commitments	Other assets		2
Total derivatives		$	1,588		$	1,074