Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Shareholders' Equity

Schedule of stockholders equity

	Six-month Period Ended June 30, 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
Stock based compensation		—		—		—		39		—		48		87
Net Income		965		—		—		—		—		—		965
June 30, 2020	$	23,347	$	98	$	523	$	14,430	$	(460)	$	(1,471)	$	36,467

	Six-month Period Ended June 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

Summary of restricted stock activity

	Shares
Restricted Share Activity:
Unvested at December 31, 2019	54,416
Granted	—
Forfeited	—
Vested	29,166
Unvested at June 30, 2020	25,250

Schedule of earnings per share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	($000’s omitted except per share data)
Net Income	$	965	$	714	$	2,863	$	812
Weighted average common shares outstanding (basic)		2,364		2,324		2,364		2,322
Unvested restricted stock		25		60		25		60
Weighted average common shares outstanding (diluted)		2,389		2,384		2,389		2,382
Basic
Net income per share	$	0.41	$	0.31	$	1.21	$	0.35
Diluted
Net income per share	$	0.40	$	0.30	$	1.20	$	0.34