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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Expected Benefit Payments [Table Text Block]
Estimated future benefit payments for the BHB Plan are presented below:
 
Amount
 
(Dollars in thousands)
2020
$
629

2021
$
834

2022
$
591

2023
$
583

2024
$
556

2025-2029
$
2,867


Expected future benefit payments for the defined benefit supplemental executive retirement plans are presented below:
 
Defined Benefit Supplemental Executive
Retirement Plans
Expected Benefit
Payments

(Dollars in thousands)
2020
$
472

2021
$
466

2022
$
458

2023
$
571

2024
$
1,220

2025-2029
$
5,853
Schedule of Multiemployer Plan
 
 
 
Funding Status
of Pension Plan
 
FIP/RP Status
Pending/
Implemented
 
Surcharge
Imposed
 
Expiration
Date of
Collective-
Bargaining
Agreement
 
Minimum
Contributions
Required for
Future
Periods
 
EIN/Pension
Plan Number
 
2019
 
2018
 
Pentegra defined benefit plan for financial institutions
13-5645888/333
 
At least 80 percent
 
At least 80 percent
 
No
 
No
 
N/A
 
$
—

 
Schedule of Multiemployer Plan Contributions
The Company’s contributions to the Pension Plans were as follows for the periods indicated:
 
 
 
 
 
Required Contributions - Plan Year Allocation
 
Cash Payment
 
Future period funding
 
2019-2020
 
2018-2019
 
2017-2018
 
(Dollars in thousands)
2019
$
2,063

 
$
—

 
$
2,063

 
$
—

 
$
—

2018
$
2,642

 
$
2,000

 
$
—

 
$
642

 
$
—

2017
$
6,432

 
$
5,000

 
$
—

 
$
—

 
$
1,432
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block] Information pertaining to the BHB Plan at December 31, 2019 is as follows:
 
Amount
 
(Dollars in thousands)
Change in plan assets:
 
Fair value of plan assets at beginning of year
$
9,697

Actual return on plan assets
1,886

Employer contribution
505

Benefits paid
(435
)
       Fair value of plan assets at end of year
$
11,653

Change in benefit obligation:
 
Benefit obligation at beginning of year
10,824

Interest cost
424

Actuarial loss
2,874

Benefits paid
(435
)
Benefit obligation at end of year
$
13,687

Funded status and accrued liability at end of year
$
(2,034
)
 
 
Accumulated benefit obligation at end of year
$
13,687
Schedule of Net Benefit Costs [Table Text Block]
 
Amount
 
(Dollars in thousands)
Interest cost
$
424

Expected return on plan assets
(780
)
Amortization of net actuarial loss
327

Net period pension benefit
$
(29
)
Defined Benefit Plan, Plan Assets, Allocation [Table Text Block]
The fair value of major categories of the BHB Plan assets as of December 31, 2019 are summarized below:
 
 
 
Fair Value Measurements at Reporting Date Using
 
Fair Value
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
(Dollars in thousands)

Collective funds
$
967

 
967

 
$
—

 
$
—

Equity securities
1,131

 
1,131

 
—

 
—

Mutual funds
3,628

 
3,628

 
—

 
—

Total investments in the fair value hierarchy
$
5,726

 
$
5,726

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Investments measured at net asset value (1)
5,927

 
 
 
 
 
 
 
$
11,653

 
 
 
 
 
 
(1)
Under the Fair Value Measurements and Disclosure Topic of the FASB ASC, certain investments that were measured at fair value at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy.
Schedule of Supplemental Retirement Expense and Contributions Paid
The following table shows the defined benefit supplemental retirement expense, and the contributions paid to the plans which were used only to pay the current year benefits as of the dates indicated:
 
2019
 
2018
 
2017
 
(Dollars in thousands)
Retirement expense
$
1,356

 
$
1,683

 
$
1,580

Contributions paid
$
486

 
$
434

 
$
367
Schedule of Supplemental Executive Retirement Plans The following table illustrates the status of the defined benefit supplemental executive retirement plans at December 31 for the years presented:
 
Defined Benefit Supplemental Executive
Retirement Benefits
 
2019
2018
 
2017
 
(Dollars in thousands)
Change in accumulated benefit obligation
 
 
 
 
Benefit obligation at beginning of year
$
14,963

$
15,749

 
$
14,177

Service cost
433

459

 
423

Interest cost
601

533

 
547

Actuarial loss (gain)
1,850

(1,344
)
 
969

Benefits paid
(486
)
(434
)
 
(367
)
Benefit obligation at end of year
$
17,361

$
14,963

 
$
15,749

Change in plan assets
 
 
 
 
Fair value of plan assets at beginning of year
$
—

$
—

 
$
—

Employer contribution
486

434

 
367

Benefits paid
(486
)
(434
)
 
(367
)
Fair value of plan assets at end of year
$
—

$
—

 
$
—

Funded status at end of year
$
(17,361
)
$
(14,963
)
 
$
(15,749
)
Assets
—

—

 
—

Liabilities
(17,361
)
(14,963
)
 
(15,749
)
Funded status at end of year
$
(17,361
)
$
(14,963
)
 
$
(15,749
)
Amounts recognized in accumulated other comprehensive income ("AOCI")
 
 
 
 
Net loss
$
3,509

$
1,705

 
$
3,465

Prior service cost
494

770

 
1,047

Amounts recognized in AOCI
$
4,003

$
2,475

 
$
4,512

Information for plans with an accumulated benefit obligation in excess of plan assets
 
 
 
 
Projected benefit obligation
$
17,361

$
14,963

 
$
15,749

Accumulated benefit obligation
$
17,361

$
14,963

 
$
15,749

Net periodic benefit cost
 
 
 
 
Service cost
$
433

$
459

 
$
423

Interest cost
601

533

 
547

Amortization of prior service cost
276

276

 
276

Recognized net actuarial loss
46

415

 
334

Net periodic benefit cost
$
1,356

$
1,683

 
$
1,580

Amounts in accumulated other comprehensive income expected to be recognized in net periodic benefit cost over next fiscal year
 
 
 
 
Net actuarial loss
$
471

$
41

 
$
415

Net prior service cost
$
276

$
276

 
$
276

Discount rate used for benefit obligation
2.00 - 3.04%

3.24 - 4.09%

 
2.48-3.45%

Discount rate used for net periodic benefit cost
3.24 - 4.09%

2.48 - 3.45%

 
2.49-3.94%

Rate of compensation increase
n/a

n/a

 
n/a