Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Shareholders' Equity

Schedule of stockholders equity

	Three-month Period Ended March 31, 2021
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Loss		Common Stock		par value		ESOT		stock		equity
December 31, 2020	$	21,803	$	(1,356)	$	523	$	14,481	$	(359)	$	(1,355)	$	33,737
Retirement benefits adjustment		—		15		—		—		—		—		15
Stock based compensation		—		—		—		11		—		20		31
Purchase of treasury shares		—		—		—		—		—		(81)		(81)
Net Income		541		—		—		—		—		—		541
March 31, 2021	$	22,344	$	(1,341)	$	523	$	14,492	$	(359)	$	(1,416)	$	34,243

	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
December 31, 2019	$	20,484	$	98	$	523	$	14,358	$	(460)	$	(1,471)	$	33,532
Stock based compensation		—		—		—		33		—		52		85
Purchase of treasury shares		—		—		—		—		—		(100)		(100)
Net Income		1,898		—		—		—		—		—		1,898
March 31, 2020	$	22,382	$	98	$	523	$	14,391	$	(460)	$	(1,519)	$	35,415

Summary of restricted stock activity

		Weighted Average
		Grant Date Fair
	Shares	Value
Restricted Share Activity:
Unvested at December 31, 2020	30,914	$	9.24
Vested in 2021	28,082	$	9.28
Unvested at March 31, 2021	2,832	$	8.83

Schedule of earnings per share

	Three Months Ended
	March 31,
	2021		2020
	($000’s omitted except per share data)
Net Income	$	541	$	1,898
Weighted average common shares outstanding (basic)		2,404		2,363
Unvested restricted stock		3		27
Weighted average common shares outstanding (diluted)		2,407		2,390
Basic
Net income per share	$	0.23	$	0.80
Diluted
Net  income per share	$	0.22	$	0.79