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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of All Derivative Instruments [Table Text Block]

The following table summarizes the notional amounts of all derivative instruments as of the indicated dates:
			Notional Amounts (1)
			As of			As of
			September 30,			December 31,
			2021			2020
(In thousands)
Undesignated economic hedges:
Interest rate contracts:
	Interest rate swap agreements		$	13,409		$	15,864
	Written interest rate cap agreements			14,500			14,500
	Purchased interest rate cap agreements			14,500			14,500
	Interest rate lock commitments			14,390			19,931
Forward Contracts:
	Sale of TBA GNMA MBS pools			30,000			42,000
	Forward loan sales commitments			9,409			19,998
			$	96,208		$	126,793
(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 as of the indicated dates:
		Asset Derivatives								Liability Derivatives
		Statement of		September 30,			December 31,					September 30,			December 31,
		Financial		2021			2020					2021			2020
		Condition Location		Fair Value			Fair Value			Statement of Financial Condition Location		Fair Value			Fair Value
(In thousands)
Undesignated economic hedges:
Interest rate contracts:
	Interest rate swap agreements	Other assets		$	1,218		$	1,622		Accounts payable and other liabilities		$	1,213		$	1,639
	Written interest rate cap agreements	Other assets			-			-		Accounts payable and other liabilities			3			1
	Purchased interest rate cap agreements	Other assets			3			1		Accounts payable and other liabilities			-			-
	Interest rate lock commitments	Other assets			485			737		Accounts payable and other liabilities			-			-
Forward Contracts:
	Sales of TBA GNMA MBS pools	Other assets			44			102		Accounts payable and other liabilities			11			280
	Forward loan sales commitments	Other assets			20			20		Accounts payable and other liabilities			-			-
				$	1,770		$	2,482				$	1,227		$	1,920

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 for the indicated periods:
				Gain or (Loss)						Gain or (Loss)
		Location of Unrealized Gain (Loss)		Quarter Ended						Nine-Month Period Ended
		on Derivative Recognized in		September 30,						September 30,
		Statement of Income		2021			2020			2021			2020
(In thousands)
UNDESIGNATED ECONOMIC HEDGES:
Interest rate contracts:
	Interest rate swap agreements	Interest income - Loans		$	4		$	18		$	22		$	18
	Interest rate lock commitments	Mortgage Banking Activities			(24)			254			(488)			910
Forward contracts:
	Sales of TBA GNMA MBS pools	Mortgage Banking Activities			143			454			225			458
	Total gain (loss) on derivatives			$	123		$	726		$	(241)		$	1,386

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959

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