Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Shareholders' Equity

Schedule of stockholders equity

	Twelve-month Period Ended December 31, 2019
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive		Common		excess of				Treasury		shareholders'
	Earnings		Income		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
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
Retirement benefits adjustment		—		63		—		—		101		—		164
Stock based compensation		—		—		—		32		—		45		77
Net Income		165		—		—		—		—		—		165
December 31, 2019	$	20,484	$	98	$	523	$	14,358	$	(460)	$	(1,471)	$	33,532

	Twelve-month Period Ended December 31, 2018
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive		Common		excess of				Treasury		shareholders'
	Earnings		Income		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
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
Compensation Expense		—		—		—		—		101		—		101
Retirement benefits adjustment		—		67		—		—		—		—		67
Purchase of treasury shares		—		—		—		—		—		(25)		(25)
Stock based compensation		—		(6)		—		24		—		69		87
Net Income		1,003		—		—		—		—		—		1,003
December 31, 2018	$	18,788	$	35	$	523	$	14,250	$	(561)	$	(1,522)	$	31,513

Schedule of earnings per share

	December 31,		December 31,
	2019		2018
	($000's omitted except for per share data)
Net Income	$	2,109	$	3,498
Weighted average common shares outstanding (basic)		2,330		2,272
Unvested restricted stock		56		81
Weighted average common shares outstanding (diluted)		2,386		2,353
Basic
Net income per share	$	0.91	$	1.54
Diluted
Net income per share	$	0.88	$	1.49

Schedule of summary of the status of restricted share awards granted

		Weighted Average Grant Date
	Shares	Fair Value
Restricted Share Activity:
Unvested at December 31, 2017	28,500	$	7.96
Granted in 2018	83,038		9.33
Vested in 2018	30,644	$	8.06
Unvested at December 31, 2018	80,894	$	9.33
Granted in 2019	7,836	$	12.77
Forfeited in 2019	2,000	$	9.33
Vested in 2019	32,314	$	9.75
Unvested at December 31, 2019	54,416	$	9.58