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Common Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Schedule of stockholders equity of the company
 
     
Common stock
                           
Accumulated
       
     
Number
         
Capital in
                     
Other
   
Total
 
     
of shares
         
excess of
   
Retained
         
Treasury
   
Comprehensive
   
Shareholders’
 
     
issued
   
Amount
   
par value
   
earnings
   
ESOT
   
stock
   
Loss
   
Equity
 
     
($000’s omitted except share amounts)
 
                                                   
 
Balance December 31, 2010
    2,614,506     $ 523     $ 13,491     $ 11,467     ($ 1,367 )   ($ 2,724 )   ($ 78 )   $ 21,312  
 
Net income
    -       -       -       2,626       -       -       -       2,626  
 
Retirement benefits adjustment
    -       -       -       -       -       -       11       11  
 
Compensation expense
    -       -       -       -       101       -       -       101  
 
Cash dividend
    -       -       -       (682 )     -       -       -       (682 )
 
Surrender of unexercised options, net of tax benefit
    -       -       176       (517 )     -       -       -       (341 )
 
Exercise of stock options, net of tax benefit
    -       -       107       (404 )     -       514       -       217  
 
Balance December 31, 2011
    2,614,506       523       13,774       12,490       (1,266 )     (2,210 )     (67 )     23,244  
 
Net income
    -       -       -       320       -       -       -       320  
 
Retirement benefits adjustment
    -       -       -       -       -       -       (18 )     (18 )
 
Compensation expense
    -       -       -       -       101       -       -       101  
 
Purchase of treasury shares
    -       -       -       -       -       (110 )     -       (110 )
 
Cash dividend
    -       -       -       (716 )     -       -       -       (716 )
 
Exercise of stock options, net of tax benefit
    -       -       213       (323 )     -       555       -       445  
 
Balance December 31, 2012
    2,614,506     $ 523     $ 13,987     $ 11,771     ($ 1,165 )   ($ 1,765 )   ($ 85 )   $ 23,266  
Schedule of earnings per share of the company
 
Year Ended
December 31,
2012
2011
($000’s omitted
except per share data)
Income from continuing operations
$ 1,647 $ 3,659
Loss from discontinued operations
(1,327 ) (1,033 )
Net income
$ 320 $ 2,626
Weighted average common shares outstanding (basic)
2,132 1,997
Incremental shares from assumed conversions of stock options
15 112
Weighted average common shares outstanding (diluted)
2,147 2,109
Basic
Income per share from continuing operations
$ 0.77 $ 1.83
Loss per share from discontinued operations
(0.62 ) (0.52 )
Total net income per share
$ 0.15 $ 1.31
Diluted
Income per share from continuing operations
$ 0.77 $ 1.73
Loss per share from discontinued operations
(0.62 ) (0.49 )
Total net income per share
$ 0.15 $ 1.24
Schedule of options granted under employee plans
 
Weighted
Weighted
Average
Aggregate
Average
Remaining
Intrinsic
Options
Exercise
Contractual
Value
Outstanding
Price ($)
Life
($)
Outstanding as of December 31, 2010
306,500 3.49 2.55
Granted in 2011
- -
Expired in 2011
8,000 4.38
Exercised in 2011
78,000 2.05
Surrendered in 2011
112,000 4.33
Outstanding as of December 31, 2011
108,500 3.60 2.96
Granted in 2012
- -
Expired in 2012
7,500 4.70
Exercised in 2012
80,000 3.21
Outstanding and exercisable as of December 31, 2012
21,000 4.70 3.00 65,100