Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2021

Shareholders' Equity

Schedule of stockholders equity

	Six-month Period Ended June 30, 2021
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income		Common Stock		par value		ESOT		stock		equity
December 31, 2020	$	21,803	$	(1,356)	$	523	$	14,481	$	(359)	$	(1,355)	$	33,737
Retirement obligation, net of taxes		—		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
Retirement obligation, net of taxes		—		16		—		—		—		—		16
Stock based compensation		—		—		—		5		—		20		25
Net Income		1,186		—		—		—		—		—		1,186
June 30, 2021	$	23,530	$	(1,325)	$	523	$	14,497	$	(359)	$	(1,396)	$	35,470

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

Summary of restricted stock activity

		Weighted Average
		Grant Date Fair
	Shares	Value
Restricted Share Activity:
Unvested at the year ended December 31, 2020	30,914	$	9.24
Granted	13,160	$	7.60
Vested	30,914	$	9.24
Unvested at June 30, 2021	13,160	$	7.60

Schedule of earnings per share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
	($000’s omitted except per share data)
Net Income	$	1,186	$	965	$	1,727	$	2,863
Weighted average common shares outstanding (basic)		2,402		2,364		2,398		2,364
Unvested restricted stock		13		25		13		25
Weighted average common shares outstanding (diluted)		2,415		2,389		2,411		2,389
Basic
Net income per share	$	0.49	$	0.41	$	0.72	$	1.21
Diluted
Net income per share	$	0.49	$	0.40	$	0.72	$	1.20