EQUITY SECURITIES	6 Months Ended
Jun. 30, 2019
Investments All Other Investments [Abstract]
OTHER EQUITY SECURITIES	NOTE 6 – EQUITY SECURITIES Institutions that are members of the FHLB system are required to maintain a minimum investment in FHLB stock. Such minimum investment is calculated as a percentage of aggregate outstanding mortgages, and the FHLB requires an additional investment that is calculated as a percentage of total FHLB advances, letters of credit, and the collateralized portion of outstanding interest-rate swaps. The stock is capital stock issued at $100 par value. Both stock and cash dividends may be received on FHLB stock. As of June 30, 2019 and December 31, 2018, the Corporation had investments in FHLB stock with a book value of $41.7 million and $41.9 million, respectively. Dividend income from FHLB stock for the quarter and six-month period ended June 30, 2019 was $0.7 million and $1.4 million, respectively, and $0.7 and $1.3 million for the quarter and six-month period ended June 30, 2018, respectively. The FHLB of New York issued the shares of FHLB stock owned by the Corporation. The FHLB of New York is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned congressionally chartered banks. The FHLBs are all privately capitalized and operated by their member stockholders. The system is supervised by the Federal Housing Finance Agency, which is intended to ensure that the FHLBs operate in a financially safe and sound manner, remain adequately capitalized and able to raise funds in the capital markets, and carry out their housing finance mission. As of each of June 30, 2019 and December 31, 2018, the Corporation has equity securities with a readily determinable fair value of approximately $0.4 million. During the quarter and six-month period ended June 30, 2019, the Corporation recognized a marked-to-market gain associated with these securities of $6 thousand and $11 thousand, respectively, ($3 thousand and $10 thousand marked-to-market losses for the quarter and six-month period ended June 30, 2018, respectively) recorded as part of Other non-interest income in the consolidated statements of income. In addition, the Corporation had other equity securities that do not have a readily-determinable fair value. The carrying value of such securities as of June 30, 2019 and December 31, 2018 was $2.1 million and $2.2 million, respectively.

EQUITY SECURITIES

6 Months Ended

Jun. 30, 2019

Investments All Other Investments [Abstract]

NOTE 6 – EQUITY SECURITIES

Institutions that are members of the FHLB system are required to maintain a minimum investment in FHLB stock. Such minimum investment is calculated as a percentage of aggregate outstanding mortgages, and the FHLB requires an additional investment that is calculated as a percentage of total FHLB advances, letters of credit, and the collateralized portion of outstanding interest-rate swaps. The stock is capital stock issued at $100 par value. Both stock and cash dividends may be received on FHLB stock.

As of June 30, 2019 and December 31, 2018, the Corporation had investments in FHLB stock with a book value of $41.7 million and $41.9 million, respectively. Dividend income from FHLB stock for the quarter and six-month period ended June 30, 2019 was $0.7 million and $1.4 million, respectively, and $0.7 and $1.3 million for the quarter and six-month period ended June 30, 2018, respectively.

The FHLB of New York issued the shares of FHLB stock owned by the Corporation. The FHLB of New York is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned congressionally chartered banks. The FHLBs are all privately capitalized and operated by their member stockholders. The system is supervised by the Federal Housing Finance Agency, which is intended to ensure that the FHLBs operate in a financially safe and sound manner, remain adequately capitalized and able to raise funds in the capital markets, and carry out their housing finance mission.

As of each of June 30, 2019 and December 31, 2018, the Corporation has equity securities with a readily determinable fair value of approximately $0.4 million. During the quarter and six-month period ended June 30, 2019, the Corporation recognized a marked-to-market gain associated with these securities of $6 thousand and $11 thousand, respectively, ($3 thousand and $10 thousand marked-to-market losses for the quarter and six-month period ended June 30, 2018, respectively) recorded as part of Other non-interest income in the consolidated statements of income. In addition, the Corporation had other equity securities that do not have a readily-determinable fair value. The carrying value of such securities as of June 30, 2019 and December 31, 2018 was $2.1 million and $2.2 million, respectively.