RETIREMENT AND POSTRETIREMENT PLANS (Tables)

6 Months Ended

Jun. 30, 2019

RETIREMENT AND POSTRETIREMENT PLANS [Abstract]

Net Periodic Costs

The components of net periodic costs are included in other non-interest expense in the Consolidated Statements of Operations.  Net expenses associated with these plans were comprised of the following components:

	Three Months Ended June 30,
	2019						2018
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	—		$	—		$	—		$	—
Interest cost		312			13			291			13
Expected return on assets		(382	)		—			(430	)		—
Unrecognized past service liability		—			(2	)		—			(2	)
Amortization of unrealized loss (gain)		243			(3	)		289			—
Net periodic cost	$	173		$	8		$	150		$	11

	Six Months Ended June 30,
	2019						2018
	BMP, Employee and Outside Director Retirement Plans			Postretirement Plan			BMP, Employee and Outside Director Retirement Plans			Postretirement Plan
Service cost	$	—		$	—		$	—		$	—
Interest cost		625			27			583			27
Expected return on assets		(764	)		—			(860	)		—
Unrecognized past service liability		—			(4	)		—			(4	)
Amortization of unrealized loss (gain)		486			(6	)		578			—
Net periodic cost	$	347		$	17		$	301		$	23

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		Actual Contributions/Benefit Payments for the
	Payments for the Year Ended December 31, 2019		Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Employee Retirement Plans	$	32	$	16	$	16
Outside Director Retirement Plans		225		56		112
Post Retirement Plan		109		35		79
BMP		564		137		274

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 June 30,
	2019		2018
Cash	$	—	$	—
Market value of Common Stock from Employee Stock Ownership Plan of BMP (3,038 shares for June 30, 2018)		—		56
Gross lump-sum distribution	$	—	$	56
Non-cash tax benefit	$	—	$	8

	For the Six Months Ended June 30,
	2019		2018
Cash	$	—	$	257
Market value of Common Stock from Employee Stock Ownership Plan of BMP (52,634 shares   for June 30, 2018)		—		998
Gross lump-sum distribution	$	—	$	1,255
Non-cash tax benefit	$	—	$	293