PENSION PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

Presented below is financial information relating to this plan for the periods indicated (dollars in thousands):

	Year Ended December 31, 2018			Year Ended December 31, 2017
CHANGE IN BENEFIT OBLIGATION:
Net benefit obligation - beginning of period	$	14,620		$	14,278
Interest cost		666			697
Actuarial (gain) loss		(630	)		295
Gross benefits paid		(988	)		(650	)
Net benefit obligation - end of period	$	13,668		$	14,620
CHANGE IN PLAN ASSETS:
Fair value of plan assets - beginning of period	$	12,120		$	10,889
Employer contributions		470			460
Gross benefits paid		(988	)		(650	)
Actual return on plan assets		(750	)		1,421
Fair value of plan assets - end of period	$	10,852		$	12,120
Un-funded status at end of period	$	(2,816	)	$	(2,500	)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

The pension expense includes the following components (dollars in thousands):

	Year Ended December 31, 2018			Year Ended December 31, 2017
COMPONENTS OF NET PERIODIC COST:
Interest cost	$	666		$	697
Loss (gain) on assets		750			(1,421	)
Amortization of (gain) loss		(990	)		1,241
Net periodic cost	$	426		$	517
WEIGHTED-AVERAGE ASSUMPTION USED:
Discount rate		5.0	%		5.0	%
Rate of compensation increase		0.0	%		0.0	%

Schedule of Expected Benefit Payments

As of December 31, 2018 the benefits expected to be paid in the next five fiscal years and then in the aggregate for the five fiscal years thereafter are as follows (dollars in thousands):

Year	Amount
2019	$	859
2020		867
2021		896
2022		917
2023		931
2024-2029		5,872

Schedule Of Level One Defined Benefit Plan Assets Roll Forward

The fair values and asset allocation of our plan assets as of December 31, 2018 and 2017 and the target allocation for fiscal 2018, by asset category, are presented in the following table. All fair values are based on quoted prices in active markets for identical assets (Level 1 in the fair value hierarchy) (dollars in thousands):

		December 31, 2018					December 31, 2017
				% of Plan					% of Plan
Asset Category	Asset Allocation	Fair Value (1)		Assets			Fair Value		Assets
Cash and equivalents	0% to 10%	$	557		5	%	$	768		6	%
Equity securities	40% to 57%		6,460		58	%		6,848		57	%
Fixed income securities	35% to 50%		4,121		37	%		4,369		36	%
Alternative investments	1% to 10%		-		0	%		135		1	%
Total		$	11,138		100	%	$	12,120		100	%

(1) The fair value balance includes a $286,000 past due payable to be distributed in the first half of 2019.