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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2017
Notional Amounts of All Derivative Instruments [Table Text Block] |
The following table summarizes the notional amounts of all derivative instruments:
| Notional Amounts (1)
| As of December 31,
| 2017 |  |  | 2016
(In thousands) |  |  |  |  |  |
Undesignated economic hedges: |  |  |  |  |  |
Interest rate contracts: |  |  |  |  |  |
Written interest rate cap agreements | $ | 91,010 |  |  | $ | 91,510
Purchased interest rate cap agreements |  | 91,010 |  |  |  | 91,510
Forward Contracts: |  |  |  |  |  |
Sale of TBA GNMA MBS pools |  | 26,000 |  |  |  | 33,000
| $ | 208,020 |  |  | $ | 216,020
(1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions.
Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition [Table Text Block] |
The following table summarizes for derivative instruments their fair values and location in the consolidated statements of financial condition:
| Asset Derivatives |  | Liability Derivatives
| Consolidated Statement of |  | December 31, |  | December 31, |  |  |  | December 31, |  | December 31,
| Financial Condition |  | 2017 |  | 2016 |  | Consolidated Statement of |  | 2017 |  | 2016
| Location |  | Fair Value |  | Fair Value |  | Financial Condition Location |  | Fair Value |  | Fair Value
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Undesignated economic hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Written interest rate cap agreements | Other assets |  | $ | - |  | $ | - |  | Accounts payable and other liabilities |  | $ | 305 |  | $ | 552
Purchased interest rate cap agreements | Other assets |  |  | 305 |  |  | 554 |  | Accounts payable and other liabilities |  |  | - |  |  | -
Forward Contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales of TBA GNMA MBS pools | Other assets |  |  | 7 |  |  | - |  | Accounts payable and other liabilities |  |  | 19 |  |  | 201
|  |  | $ | 312 |  | $ | 554 |  |  |  | $ | 324 |  | $ | 753
Effect of Derivative Instruments on Statement of Income (Loss) [Table Text Block] |
The following table summarizes the effect of derivative instruments on the consolidated statements of income:
|  |  |  | Gain (or Loss) |
| Location of Gain (loss) |  |  | Year ended
| Recognized in Consolidated |  |  | December 31,
| Statement of Income on Derivatives |  |  | 2017 |  | 2016 |  | 2015 |
|  |  |  | (In thousands) |
Undesignated economic hedges: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements | Interest income - Loans |  |  | $ | - |  | $ | - |  | $ | - |
Written and purchased interest rate cap agreements | Interest income - Loans |  |  |  | (2) |  |  | - |  |  | 139 |
Forward contracts: |  |  |  |  |  |  |  |  |  |  |  |
Sales of TBA GNMA MBS pools | Mortgage Banking Activities |  |  |  | 189 |  |  | (78) |  |  | 25 |
Total gain (loss) on derivatives |  |  |  | $ | 187 |  | $ | (78) |  | $ | 164 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 + Details
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