FEDERAL HOME LOAN BANK TERM ADVANCES AND OVERNIGHT ADVANCES (Tables)

12 Months Ended

Dec. 31, 2016

Advances from Federal Home Loan Banks [Abstract]

Schedule of Federal Home Loan Bank Advances

The following is a summary of FHLBNY fixed rate advances at December 31, 2016 and 2015. The carrying amount includes the advance balance plus purchase accounting adjustments that are amortized over the term of the advance (in thousands):



2016
Amount		Rate		Maturity Date	Call Date
$	4,041	3.90	%	October 19, 2017	January 19, 2017
3,031		2.91	%	December 4, 2017	March 3, 2017
2,021		3.05	%	January 2, 2018	April 1, 2017
$	9,093	3.38	%



2015
Amount		Rate		Maturity Date	Call Date
$	13,900	0.52	%	January 4, 2016	-
10,000		4.60	%	December 22, 2016	-
4,090		3.90	%	October 19, 2017	January 19, 2015
3,068		2.91	%	December 4, 2017	March 3, 2016
2,045		3.05	%	January 2, 2018	April 1, 2016
$	33,103	2.54	%

Federal Home Loan Bank, Advances

Payments over the next five years are as follows:



Year	Amount
2017	$	7,000
2018	2,000
2019	—
2020	—
2021	—
Total	$	9,000