RETIREMENT AND POSTRETIREMENT PLANS (Tables)

3 Months Ended

Mar. 31, 2019

RETIREMENT AND POSTRETIREMENT PLANS [Abstract]

Net Periodic Costs

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

	Three Months Ended March 31,
	2019						2018
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	—		$	—		$	—		$	—
Interest cost		313			14			292			14
Expected return on assets		(382	)		—			(430	)		—
Unrecognized past service liability		—			(2	)		—			(2	)
Amortization of unrealized loss (gain)		243			(3	)		289			—
Net periodic cost	$	174		$	9		$	151		$	12

Planned Contributions and Actual Contributions to, or Benefit Payments

The following table presents the Company's planned contributions to, or benefit payments on behalf of each benefit plan as disclosed in its consolidated financial statements for the year ended December 31, 2018, as well as the actual contributions to, or benefit payments on behalf of each benefit plan during the period indicated:

	Planned Contributions/Benefit Payments for the Year Ended December 31, 2019			Actual Contributions/Benefit Payments for the Three Months Ended March, 31, 2019
Employee Retirement Plans		$	1,492		$	—
Outside Director Retirement Plans			225			56
Post Retirement Plan			109			44
BMP			564			137

Distributions to Retired Participants

The BMP exists in order to compensate executive officers for any curtailments in benefits due to statutory limitations on qualifying benefit plans. In addition to benefit payments from the defined benefit component of the BMP discussed above, the following distributions were made to retired participants:

	For the Three Months Ended March 31,
	2019		2018
Cash	$	—	$	257
Market value of Common Stock from Employee Stock Ownership Plan of BMP (22,051 shares   for March 31, 2018)		—		942
Gross lump-sum distribution	$	—	$	1,199
Non-cash tax benefit	$	—	$	285