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FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019
--- | --- | --- | ---
Financial assets: |  |  |
Debt securities available for sale | $ 266,096 |  | $ 234,942
Securities held to maturity | 2,827 |  | 3,712
Equity investments | 2,313 |  | 2,224
Other investments |  |  |
Other Investments | 11,597 |  | 21,437
FRB Stock | 7,400 |  | 7,300
FHLB Stock | 2,700 |  | 8,100
SBA Loan Fund |  | $ 5,000 |
Financial liabilities: |  |  |
Noninterest-bearing demand deposits | 1,715,042 |  | 1,090,479
Time deposits | 92,062 |  |
Federal Home Loan Bank of New York advances | 0 |  | 144,000
Carrying Amount |  |  |
Financial assets: |  |  |
Cash and due from banks | 8,692 |  | 8,116
Overnight deposits | 855,613 |  | 381,104
Debt securities available for sale | 266,096 |  | 234,942
Securities held to maturity | 2,760 |  | 3,722
Equity investments | 2,313 |  | 2,224
Loans, net | 3,101,646 |  | 2,646,677
Other investments |  |  |
FRB Stock | 7,381 |  | 7,317
FHLB Stock | 2,718 |  | 8,122
SBA Loan Fund |  |  | 5,000
Disability Fund | 1,000 |  | 500
CRA - CD | 498 |  | 498
Accrued interest receivable | 13,249 |  | 8,862
Financial liabilities: |  |  |
Noninterest-bearing demand deposits | 1,715,042 |  | 1,090,479
Money market and savings deposits | 2,011,409 |  | 1,589,920
Time deposits | 92,062 |  | 110,375
Federal Home Loan Bank of New York advances |  |  | 144,000
Trust preferred securities payable | 20,620 |  | 20,620
Subordinated debt, net of issuance cost | 24,657 |  | 24,601
Accrued interest payable | 712 |  | 1,229
Secured Borrowings | 36,964 |  | 42,972
Total Fair Value |  |  |
Financial assets: |  |  |
Cash and due from banks | 8,692 |  | 8,116
Overnight deposits | 855,613 |  | 381,104
Debt securities available for sale | 266,096 |  | 234,942
Securities held to maturity | 2,827 |  | 3,712
Equity investments | 2,313 |  | 2,224
Loans, net | 3,094,998 |  | 2,609,233
Other investments |  |  |
Disability Fund | 1,000 |  | 500
CRA - CD | 498 |  | 498
Accrued interest receivable | 13,249 |  | 8,862
Financial liabilities: |  |  |
Noninterest-bearing demand deposits | 1,715,042 |  | 1,090,479
Money market and savings deposits | 2,011,409 |  | 1,589,920
Time deposits | 93,157 |  | 110,800
Federal Home Loan Bank of New York advances |  |  | 144,229
Trust preferred securities payable | 20,001 |  | 20,011
Subordinated debt, net of issuance cost | 25,375 |  | 25,375
Accrued interest payable | 712 |  | 1,229
Secured Borrowings | 36,964 |  | 42,972
Interest Rate Cap [Member] | Carrying Amount |  |  |
Other investments |  |  |
Derivative Asset | 770 |  |
Interest Rate Cap [Member] | Total Fair Value |  |  |
Other investments |  |  |
Derivative Asset | 770 |  |
Fair Value, Inputs, Level 1 |  |  |
Financial assets: |  |  |
Cash and due from banks | 8,692 |  | 8,116
Overnight deposits | 855,613 |  | 381,104
Equity investments | 2,313 |  | 2,224
Other investments |  |  |
CRA - CD | 498 |  | 498
Financial liabilities: |  |  |
Noninterest-bearing demand deposits | 1,715,042 |  | 1,090,479
Money market and savings deposits | 2,011,409 |  | 1,589,920
Accrued interest payable | 7 |  | 14
Fair Value, Inputs, Level 2 |  |  |
Financial assets: |  |  |
Debt securities available for sale | 266,096 |  | 234,942
Securities held to maturity | 2,827 |  | 3,712
Other investments |  |  |
Disability Fund | 1,000 |  | 500
Accrued interest receivable | 414 |  | 544
Financial liabilities: |  |  |
Money market and savings deposits | 0 |  |
Time deposits | 93,157 |  | 110,800
Federal Home Loan Bank of New York advances |  |  | 144,229
Subordinated debt, net of issuance cost | 25,375 |  | 25,375
Accrued interest payable | 591 |  | 1,009
Secured Borrowings | 36,964 |  | 42,972
Fair Value, Inputs, Level 2 | Interest Rate Cap [Member] |  |  |
Other investments |  |  |
Derivative Asset | 770 |  |
Fair Value, Inputs, Level 3 |  |  |
Financial assets: |  |  |
Loans, net | 3,094,998 |  | 2,609,233
Other investments |  |  |
Accrued interest receivable | 12,835 |  | 8,318
Financial liabilities: |  |  |
Money market and savings deposits | 0 |  |
Trust preferred securities payable | 20,001 |  | 20,011
Accrued interest payable | $ 114 |  | $ 206

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