Income Tax Provision (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of income tax provision for income taxes from continuing operations

	2013		2012
	($000’s omitted)
Current:
Federal	$	215	$	703
State		5		2
		220		705
Deferred:
Federal		30		42
State		9		1
		39		43
	$	259	$	748

Schedule of income tax benefit for income taxes from discontinued operations

		2013		2012
	($000’s omitted)
Current:
Federal	$	-	$	(503	)
State		-		-
		-		(503	)
Deferred:
Federal		-		(114	)
State		-		(2	)
		-		(116	)
	$	-	$	(619	)

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

	2013		2012
Federal statutory rate	34.0	%		34.0	%
Business credits	(9.0	%)		1.8	%
ESOP dividend	(2.9	%)		(2.8	%)
Domestic production activities deduction	(2.2	%)		(1.8	%)
Other	0.3	%		-
State income taxes (less federal effect)	0.8	%		0.1	%
Effective tax rate	21.0	%		31.3	%

Schedule of deferred tax assets (liabilities)

	2013			2012
	($000’s omitted)
Inventories	$	333		$	319
Accrued employee compensation and benefit costs		458			316
Operating loss and credit carryforwards		297			252
Other		64			73
Minimum pension liability		14			44
Total deferred tax assets		1,166			1,004
Valuation allowance		(279	)		(233	)
Net deferred tax asset		887			771
Property, plant and equipment		(622	)		(436	)
Total deferred tax liabilities		(622	)		(436	)
Net deferred tax asset	$	265		$	335