Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Shareholders' Equity

Schedule of stockholders equity

	Three-month Period Ended March 31, 2020
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income		Common Stock		par value		ESOT		stock		equity
January 1, 2020	$	20,484	$	98	$	523	$	14,358	$	(460)	$	(1,471)	$	33,532
Purchase of treasury shares		—		—		—		—		—		(100)		(100)
Stock based compensation		—		—		—		33		—		52		85
Net income		1,898		—		—		—		—		—		1,898
March 31, 2020	$	22,382	$	98	$	523	$	14,391	$	(460)	$	(1,519)	$	35,415

	Three-month Period Ended March 31, 2019
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income		Common Stock		par value		ESOT		stock		equity
January 1, 2019	$	18,788	$	35	$	523	$	14,250	$	(561)	$	(1,522)	$	31,513
Purchase of treasury shares		—		—		—		—		—		(128)		(128)
Stock based compensation		—		—		—		14		—		44		58
Net income		98		—		—		—		—		—		98
March 31, 2019	$	18,886	$	35	$	523	$	14,264	$	(561)	$	(1,606)	$	31,541

Schedule of earnings per share

	Three Months Ended
	March 31,
	2020		2019
	($000’s omitted except per share data)
Net Income	$	1,898	$	98
Weighted average common shares outstanding (basic)		2,363		2,328
Unvested restricted stock		27		53
Weighted average common shares outstanding (diluted)		2,390		2,381
Basic
Net income per share	$	0.80	$	0.04
Diluted
Net income per share	$	0.79	$	0.04

Summary of restricted stock activity

	Shares
Restricted Share Activity:
Unvested at December 31, 2019	54,416
Granted in 2020	—
Forfeited in 2020	—
Vested in 2020	27,210
Unvested at March 31, 2020	27,206