Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of stockholders equity of the company

	Common Stock
																Accumulated
	Number of shares issued		Amount		Capital in excess of par value		Retained earnings			ESOT			Treasury stock			Other Comprehensive Loss			Total shareholders’ equity
	($000’s omitted except for share data)
Balance at December 31, 2014		2,614,506	$	523	$	14,068	$	9,176		$	(964	)	$	(1,909	)	$	(14	)	$	20,880
Net income		-		-		-		4,597			-			-			-			4,597
Retirement benefits  adjustment		-		-		-		-			-			-			11			11
Compensation expense		-		-		-		-			101			-			-			101
Purchase of treasury shares		-		-		-		-			-			(114	)		-			(114	)
Cash dividend		-		-		-		(375	)		-			-			-			(375	)
Exercise of stock options, net of tax benefit		-		-		-		(3	)		-			7			-			4
Stock based compensation, net of tax benefit		-		-		24		-			-			314			-			338
Balance at December 31, 2015		2,614,506	$	523	$	14,092	$	13,395		$	(863	)	$	(1,702	)	$	(3	)	$	25,442
Net income		-		-		-		1,753			-			-			-			1,753
Retirement benefits adjustment		-		-		-		-			-			-			(17	)		(17	)
Compensation expense		-		-		-		-			100			-			-			100
Purchase of treasury shares		-		-		-		-			-			(275	)		-			(275	)
Cash dividend		-		-		-		(380	)		-			-			-			(380	)
Stock based compensation,  net of tax benefit		-		-		68		-			-			426			-			494
Balance at December 31, 2016		2,614,506	$	523	$	14,160	$	14,768		$	(763	)	$	(1,551	)	$	(20	)	$	27,117

Schedule of earnings per share of the company

	Years Ended December 31,
	2016		2015
	($000’s omitted except per share data)
Net income	$	1,753	$	4,597
Weighted average common shares outstanding (basic)		2,215		2,182
Unvested restricted stock		83		82
Weighted average common Shares outstanding (diluted)		2,298		2,264
Basic
Net income per share	$	0.79	$	2.11
Diluted
Net income per share	$	0.76	$	2.03

Schedule of summary of the status of restricted share awards granted

	Shares			Weighted Average Grant Date Fair Value
Restricted Share Activity:
Unvested at December 31, 2014		123,750		$	8.10
Granted in 2015		-
Forfeited in 2015		-
Vested in 2015		41,250		$	8.10
Unvested at December 31, 2015		82,500		$	8.10
Granted in 2016		51,000		$	7.96
Forfeited in 2016		(9,000	)	$	8.03
Vested in 2016		41,250		$	8.10
Unvested at December 31, 2016		83,250		$	8.02