BRANCH CONSOLIDATION	12 Months Ended
Dec. 31, 2013
BRANCH CONSOLIDATION [Abstract]
BRANCH CONSOLIDATION	18. BRANCH CONSOLIDATION In 2013, the Company announced the phased-in closing of six branches in Suffolk County that, once fully implemented, will reduce annual operating expenses by an estimated $2.4 million. Two branches, Middle Island and Water Mill, closed in October 2013. One-time costs of $596 thousand, including accelerated depreciation of $136 thousand, were recorded in 2013 related to the closing of these two branches. Of these one-time expenses, the amounts recorded in branch consolidation costs (primarily lease termination costs and severance), occupancy expense and equipment expense were $460 thousand, $84 thousand and $52 thousand, respectively. Partially offsetting these one-time costs was a $404 thousand gain on the sale of the Water Mill branch building in the fourth quarter of 2013. This gain was recorded in other operating income. Mattituck, Port Jefferson Station, Manorville and Montauk Harbor are scheduled to be closed in the first quarter of 2014. One-time costs of $2.0 million, including accelerated depreciation of $371 thousand, were recorded in 2013 related to the 2014 closing of these four branches. Of these one-time expenses, the amounts recorded in branch consolidation costs (primarily lease termination costs and severance), occupancy expense and equipment expense were $1.6 million, $192 thousand and $179 thousand, respectively.

18. BRANCH CONSOLIDATION

In 2013, the Company announced the phased-in closing of six branches in Suffolk County that, once fully implemented, will reduce annual operating expenses by an estimated $2.4 million.

Two branches, Middle Island and Water Mill, closed in October 2013. One-time costs of $596 thousand, including accelerated depreciation of $136 thousand, were recorded in 2013 related to the closing of these two branches. Of these one-time expenses, the amounts recorded in branch consolidation costs (primarily lease termination costs and severance), occupancy expense and equipment expense were $460 thousand, $84 thousand and $52 thousand, respectively. Partially offsetting these one-time costs was a $404 thousand gain on the sale of the Water Mill branch building in the fourth quarter of 2013. This gain was recorded in other operating income.

Mattituck, Port Jefferson Station, Manorville and Montauk Harbor are scheduled to be closed in the first quarter of 2014. One-time costs of $2.0 million, including accelerated depreciation of $371 thousand, were recorded in 2013 related to the 2014 closing of these four branches. Of these one-time expenses, the amounts recorded in branch consolidation costs (primarily lease termination costs and severance), occupancy expense and equipment expense were $1.6 million, $192 thousand and $179 thousand, respectively.