Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Shareholders' Equity

Schedule of stockholders equity

	Nine-month Period Ended September 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 benefits adjustment		—		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 benefits adjustment		—		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
Retirement benefits adjustment		—		15		—		—		—		—		15
Stock based compensation		—		—		—		1		—		24		25
Net Income		3,238		—		—		—		—		—		3,238
September 30, 2021	$	26,768	$	(1,310)	$	523	$	14,498	$	(359)	$	(1,372)	$	38,748

	Nine-month Period Ended September 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
Stock based compensation		—		—		—		29		—		54		83
Net Loss		(1,782)		—		—		—		—		—		(1,782)
September 30, 2020	$	21,565	$	98	$	523	$	14,459	$	(460)	$	(1,417)	$	34,768

Summary of restricted stock activity

		Weighted Average
		Grant Date Fair
	Shares	Value
Unvested at December 31, 2020	30,914	$	9.24
Granted	13,160		7.60
Vested	34,206		9.08
Unvested at September 30, 2021	9,868	$	7.60

Schedule of earnings per share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	($000’s omitted except per share data)
Net (Loss) Income	$	3,238	$	(1,782)	$	4,965	$	1,081
Weighted average common shares outstanding (basic)		2,410		2,363		2,404		2,358
Unvested restricted stock		10		34		10		34
Weighted average common shares outstanding (diluted)		2,420		2,397		2,414		2,392
Basic
Net (loss) income per share	$	1.34	$	(0.75)	$	2.07	$	0.46
Diluted
Net (loss) income per share	$	1.34	$	(0.75)	$	2.06	$	0.45