DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2022

DERIVATIVE INSTRUMENTS

Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges

As of June 30, 2022 and December 31, 2021, the following amounts were recorded in the consolidated statements 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	June 30,		December 31,		June 30,		December 31,
the Hedged Item Is Included	2022		2021		2022		2021
Loans	$	5,688	$	5,400	$	(6)	$	(293)

Fair Value of Derivative Instruments

Fair values of derivative instruments as of June 30, 2022 and December 31, 2021 are as follows:

(000’s omitted)	June 30, 2022
	Derivative Assets			Derivative Liabilities
	Consolidated Statement of	Fair		Consolidated Statement of	Fair
	Condition Location	Value		Condition Location	Value
Derivatives designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets	$	6
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		2	Accrued interest and other liabilities	$	2
Commitments to originate real estate loans for sale	Other assets		6
Forward sales commitments	Other assets		23
Total derivatives		$	37		$	2

(000’s omitted)	December 31, 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	$	293
Derivatives not designated as hedging instruments under Subtopic 815-20
Interest rate swaps	Other assets		3	Accrued interest and other liabilities	$	3
Commitments to originate real estate loans for sale	Other assets		51
Forward sales commitments	Other assets		32
Total derivatives		$	379		$	3