RETIREMENT AND POSTRETIREMENT PLANS (Tables)

6 Months Ended

Jun. 30, 2016

RETIREMENT AND POSTRETIREMENT PLANS [Abstract]

Schedule of Net Benefit Costs

Net expenses associated with these plans were comprised of the following components:

	Three Months Ended June 30, 2016						Three Months Ended June 30, 2015
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	-		$	-		$	-		$	-
Interest cost		343			16			343			29
Expected return on assets		(383	)		-			(414	)		-
Unrecognized past service liability		-			(2	)		-			-
Amortization of unrealized loss		428			(1	)		480			(13	)
Net periodic cost	$	388		$	13		$	409		$	16

	Six Months Ended June 30, 2016						Six Months Ended June 30, 2015
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	-		$	-		$	-		$	9
Interest cost		686			32			687			538
Expected return on assets		(766	)		-			(828	)		-
Curtailment gain(1)		-			-			-			(3,394	)
Unrecognized past service liability		-			(4	)		-			-
Amortization of unrealized loss		858			(2	)		959			(25	)
Net periodic cost (gain)	$	778		$	26		$	818		$	(2,872	)

(1) The Postretirement Plan was amended effective March 31, 2015, whereby future retirees will not be eligible to participate in the plan. This plan amendment resulted in a curtailment gain.