Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of income tax provision for income taxes from continuing operations

	2017		2016
	($000’s omitted)
Current:
Federal	$	675	$	691
State		1		(1	)
		676		690
Deferred:
Federal		82		27
State		-		-
		82		27
	$	758	$	717

Schedule of the reconciliation of effective tax rate from continuing operations and the federal statutory income tax rate

	2017			2016
Federal statutory rate		34.0	%		34.0	%
Business credits		-4.8	%		-2.2	%
ESOP dividend		-1.4	%		-1.2	%
Domestic production activities deduction		-2.4	%		-1.9	%
Stock compensation		-1.9	%		0.0	%
Revaluation of Deferred Taxes for Federal Tax Rate Change		12.6	%		0.0	%
Other		0.4	%		0.3	%
		36.5	%		29.0	%

Schedule of deferred tax assets (liabilities)

	2017			2016
	($000’s omitted)
Deferred Tax Assets:
Inventories	$	406		$	604
Accrued employees compensation and benefits costs		430			696
Accrued arbitration award and related liability		268			160
Net operating loss and credit carryforwards		269			244
Bad debt reserve		33			26
Other		41			23
Minimum pension liability		9			10
Total deferred tax assets		1,456			1,763
Valuation allowance		(279	)		(253	)
Net deferred tax asset		1,177			1,510
Deferred tax liabilities:
Property, plant and equipment		(768	)		(1,019	)
Total deferred tax liabilities		(768	)		(1,019	)
Net deferred tax asset	$	409		$	491