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CASH SURRENDER VALUE OF LIFE INSURANCE (Tables)
 6 Months Ended
Jun. 30, 2018
CASH SURRENDER VALUE OF LIFE INSURANCE [Abstract]  
Summary of Activity on the Bank Owned Life Insurance Policies
Activity on the Bank owned life insurance policies is as follows:
 
 
 
Six months ended June 30,
 
 
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Beginning balance
 
$
17,132
 
 
$
6,470
 
Increase in cash value of life insurance
 
 
155
 
 
 
128
 
Additional policies acquired
 
 
-
 
 
 
6,428
 
Insurance proceeds
 
 
(777
)
 
 
-
 
Ending balance
 
$
16,510
 
 
$
13,026
 
End of period death benefit
 
$
27,492
 
 
$
17,070
 
Number of policies owned
 
 
42
 
 
 
42
 
Insurance companies used
 
 
5
 
 
 
5
 
Current and former directors and officers covered
 
 
17
 
 
 
16