BENEFITS	6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]
BENEFITS	NOTE 8 – BENEFITS Salisbury's 401(k) Plan expense was $238 thousand and $187 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $520 thousand and $472 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. Other post-retirement benefit obligation expense for endorsement split-dollar life insurance arrangements was ($24) thousand and $17 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $2 thousand and $36 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. The credit in the current quarter reflected a reduction of the Bank's liability associated with split-dollar life insurance arrangements for employees who left the Bank in 2017. ESOP Salisbury offers an ESOP to eligible employees. Under the Plan, Salisbury may make discretionary contributions to the Plan, which generally vests in full upon six years of qualified service. Salisbury's ESOP expense was $66 thousand and $15 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $127 thousand and $49 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. Other Retirement Plans A Non-Qualified Deferred Compensation Plan (the "Plan") was adopted effective January 1, 2013. This Plan was adopted by the Bank for the benefit of certain key employees ("Executive" or "Executives") who have been selected and approved by the Bank to participate in this Plan and who have evidenced their participation by execution of a Non-Qualified Deferred Compensation Plan Participation Agreement ("Participation Agreement") in a form provided by the Bank. This Plan is intended to comply with Internal Revenue Code ("Code") Section 409A and any regulatory or other guidance issued under such Section. Salisbury's expense for this plan was $28 thousand and $21 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $57 thousand and $41 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. On January 19, 2018, the Compensation Committee granted a total of 53,500 Phantom Stock Appreciation Units pursuant to the 2013 Phantom Stock Appreciation Unit and Long-Term Incentive Plan (the “Plan”), including 20,000 units to three Named Executive Officers. Mr. Cantele received 10,000 units, Mr. Davies received 5,000 units and Mr. Albero received 5,000 units. The units will vest on the third anniversary of the grant date. Salisbury's expense for all Phantom Stock Appreciation Units was $60 thousand and ($8) thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $120 thousand and $35 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. Grants of Restricted Stock and Options Restricted stock Restricted stock expense was $83 thousand and $61 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $208 thousand and $120 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. In second quarter 2018, Salisbury granted a total of 13,210 shares of restricted stock to certain employees and Directors pursuant to its 2017 Long Term Incentive Plan. The fair value of the stock at grant date was $585,000. The restricted stock will vest three years from the grant date. Unrecognized compensation cost relating to the awards as of June 30, 2018 and 2017 totaled $983 thousand and $738 thousand, respectively and as of March 31, 2018 and 2017 totaled $493 thousand and $288 thousand, respectively. There were no forfeitures in the second quarter of 2018 and 2017 and year to date for 2018 and 2017 there were 0 and 200 shares, respectively. Options Salisbury issued stock options in conjunction with its acquisition of Riverside Bank in 2014. In the second quarter, there were 3,350 stock options exercised at $31.11 by two employees and in the first quarter 2018, 1,350 stock options were exercised at $31.11 per share by one former Riverside Bank executive, who is currently a Named Executive Officer of Salisbury. In the first quarter 2017, 12,150 stock options were exercised at $25.93 by former Riverside Bank executives. No stock options were exercised in the second quarter 2017.

BENEFITS

6 Months Ended

Jun. 30, 2018

NOTE 8 – BENEFITS

Salisbury's 401(k) Plan expense was $238 thousand and $187 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $520 thousand and $472 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. Other post-retirement benefit obligation expense for endorsement split-dollar life insurance arrangements was ($24) thousand and $17 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $2 thousand and $36 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. The credit in the current quarter reflected a reduction of the Bank's liability associated with split-dollar life insurance arrangements for employees who left the Bank in 2017.

ESOP

Salisbury offers an ESOP to eligible employees. Under the Plan, Salisbury may make discretionary contributions to the Plan, which generally vests in full upon six years of qualified service. Salisbury's ESOP expense was $66 thousand and $15 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $127 thousand and $49 thousand, respectively, for the six month periods ended June 30, 2018 and 2017.

Other Retirement Plans

A Non-Qualified Deferred Compensation Plan (the "Plan") was adopted effective January 1, 2013. This Plan was adopted by the Bank for the benefit of certain key employees ("Executive" or "Executives") who have been selected and approved by the Bank to participate in this Plan and who have evidenced their participation by execution of a Non-Qualified Deferred Compensation Plan Participation Agreement ("Participation Agreement") in a form provided by the Bank. This Plan is intended to comply with Internal Revenue Code ("Code") Section 409A and any regulatory or other guidance issued under such Section. Salisbury's expense for this plan was $28 thousand and $21 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $57 thousand and $41 thousand, respectively, for the six month periods ended June 30, 2018 and 2017.

On January 19, 2018, the Compensation Committee granted a total of 53,500 Phantom Stock Appreciation Units pursuant to the 2013 Phantom Stock Appreciation Unit and Long-Term Incentive Plan (the “Plan”), including 20,000 units to three Named Executive Officers. Mr. Cantele received 10,000 units, Mr. Davies received 5,000 units and Mr. Albero received 5,000 units. The units will vest on the third anniversary of the grant date. Salisbury's expense for all Phantom Stock Appreciation Units was $60 thousand and ($8) thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $120 thousand and $35 thousand, respectively, for the six month periods ended June 30, 2018 and 2017.

Grants of Restricted Stock and Options

Restricted stock

Restricted stock expense was $83 thousand and $61 thousand, respectively, for the three month periods ended June 30, 2018 and 2017, and $208 thousand and $120 thousand, respectively, for the six month periods ended June 30, 2018 and 2017. In second quarter 2018, Salisbury granted a total of 13,210 shares of restricted stock to certain employees and Directors pursuant to its 2017 Long Term Incentive Plan. The fair value of the stock at grant date was $585,000. The restricted stock will vest three years from the grant date. Unrecognized compensation cost relating to the awards as of June 30, 2018 and 2017 totaled $983 thousand and $738 thousand, respectively and as of March 31, 2018 and 2017 totaled $493 thousand and $288 thousand, respectively. There were no forfeitures in the second quarter of 2018 and 2017 and year to date for 2018 and 2017 there were 0 and 200 shares, respectively.

Options

Salisbury issued stock options in conjunction with its acquisition of Riverside Bank in 2014. In the second quarter, there were 3,350 stock options exercised at $31.11 by two employees and in the first quarter 2018, 1,350 stock options were exercised at $31.11 per share by one former Riverside Bank executive, who is currently a Named Executive Officer of Salisbury. In the first quarter 2017, 12,150 stock options were exercised at $25.93 by former Riverside Bank executives. No stock options were exercised in the second quarter 2017.