RETIREMENT AND POSTRETIREMENT PLANS (Tables)

9 Months Ended

Sep. 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 September 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		313			13			291			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		$	8		$	150		$	$12

	Nine Months Ended September 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		937			40			874			40
Expected return on assets		(1,146	)		—			(1,290	)		—
Unrecognized past service liability		—			(6	)		—			(6	)
Amortization of unrealized loss (gain)		728			(9	)		866			—
Net periodic cost	$	519		$	25		$	450		$	34

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 September 30, 2019		Nine Months Ended September 30, 2019
Employee Retirement Plans	$	32	$	8	$	24
Outside Director Retirement Plans		225		56		168
Post Retirement Plan		109		57		136
BMP		564		137		411

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 September 30,
	2019		2018
Cash	$	24	$	1,221
Market value of Common Stock from Employee Stock Ownership Plan of BMP (685 and 49,440 shares for September 30, 2019 and September 30, 2018, respectively)		13		964
Gross lump-sum distribution	$	37	$	2,185
Non-cash tax benefit	$	—	$	315

	For the Nine Months Ended September 30,
	2019		2018
Cash	$	24	$	2,477
Market value of Common Stock from Employee Stock Ownership Plan of BMP (685 and 102,074 shares for September 30, 2019 and September 30, 2018, respectively)		13		1,963
Gross lump-sum distribution	$	37	$	4,440
Non-cash tax benefit	$	—	$	608