Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Shareholders' Equity

Schedule of stockholders equity

	Nine-month Period Ended September 30, 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
Dividends declared ($0.16 per share)		(413)		—		—		—		—		—		(413)
Purchase of treasury shares		—		—		—		—		—		(21)		(21)
Stock based compensation		—		—		—		34		—		61		95
Net Income		714		—		—		—		—		—		714
June 30, 2019	$	19,187	$	35	$	523	$	14,298	$	(561)	$	(1,566)	$	31,916
Dividends declared ($0.16 per share)		—		—		—		—		—		—		—
Purchase of treasury shares		—		—		—		—		—		(8)		(8)
Stock based compensation		—		—		—		28		—		58		86
Net Income		1,132		—		—		—		—		—		1,132
September 30, 2019	$	20,319	$	35	$	523	$	14,326	$	(561)	$	(1,516)	$	33,126

	Nine-month Period Ended September 30, 2018
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income		Common Stock		par value		ESOT		stock		equity
January 1, 2018	$	15,709	$	(32)	$	523	$	14,171	$	(662)	$	(1,544)	$	28,165
Purchase of treasury shares		—		—		—		—		—		(117)		(117)
Net Income		331		—		—		—		—		—		331
March 31, 2018	$	16,040	$	(32)	$	523	$	14,171	$	(662)	$	(1,661)	$	28,379
Dividends declared ($0.16 per share)		(416)		—		—		—		—		—		(416)
Purchase of treasury shares		—		—		—		—		—		(33)		(33)
Stock based compensation		(6)		6		—		21		—		64		85
Net Income		707		—		—		—		—		—		707
June 30, 2018	$	16,325	$	(26)	$	523	$	14,192	$	(662)	$	(1,630)	$	28,722
Dividends declared ($0.16 per share)		3		—		—		—		—		—		3
Purchase of treasury shares		—		—		—		—		—		—		—
Stock based compensation		—		—		—		34		—		64		98
Net Income		1,457		—		—		—		—		—		1,457
September 30, 2018	$	17,785	$	(26)	$	523	$	14,226	$	(662)	$	(1,566)	$	30,280

Schedule of earnings per share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
	($000’s omitted except per share data)
Net Income	$	1,132	$	1,457	$	1,944	$	2,495
Weighted average common shares outstanding (basic)		2,327		2,295		2,325		2,259
Unvested restricted stock		58		82		58		82
Weighted average common shares outstanding (diluted)		2,385		2,377		2,383		2,341
Basic
Net income per share	$	0.49	$	0.63	$	0.84	$	1.10
Diluted
Net income per share	$	0.47	$	0.61	$	0.82	$	1.07