Common Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

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, 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
Net income		-		-		-		975			-			-			-			975
Retirement benefits adjustment		-		-		-		-			-			-			59			59
Compensation expense		-		-		-		-			100			-			-			100
Purchase of treasury shares		-		-		-		-			-			(607	)		-			(607	)
Stock based compensation		-		-		16		-			-			239			-			255
Cash dividend		-		-		-		(406	)		-			-			-			(406	)
Exercise of stock options, net of tax benefit		-		-		21		(38	)		-			109			-			92
Balance December 31, 2013		2,614,506	$	523	$	14,024	$	12,302		($	1,065	)	($	2,024	)	($	26	)	$	23,734

Schedule of earnings per share of the company

	Year Ended
	December 31,
	2013		2012
	($000’s omitted
	except per share data)
Income from continuing operations	$	975	$	1,647
Loss from discontinued operations		-		(1,327	)
Net income	$	975	$	320
Weighted average common shares outstanding (basic)		2,266		2,132
Incremental shares from assumed conversions of stock options		1		15
Weighted average common shares outstanding (diluted)		2,267		2,147
Basic
Income per share from continuing operations	$	0.43	$	0.77
Loss per share from discontinued operations		-		(0.62	)
Total net income per share	$	0.43	$	0.15
Diluted
Income per share from continuing operations	$	0.43	$	0.77
Loss per share from discontinued operations		-		(0.62	)
Total net income per share	$	0.43	$	0.15

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, 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
Granted in 2013		-		-
Expired in 2013		5,000		4.70
Exercised in 2013		15,000		4.70
Outstanding and exercisable as of December 31, 2013		1,000		4.70		2.00		3,400

Schedule of summary of the status of restricted share awards granted

			Weighted Average
	Shares		Grant Date Fair Value
Restricted Share Activity:
Unvested at December 31, 2013		-		-
Granted in 2013		165,000	$	8.10
Forfeited in 2013		-
Vested in 2013		-
Unvested at December 31, 2013		165,000	$	8.10