Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2022

Shareholders' Equity

Schedule of stockholders equity

	Three-month Period Ended March 31, 2022
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Loss		Common Stock		par value		ESOT		stock		equity
December 31, 2021	$	25,858	$	(3,908)	$	523	$	14,500	$	(258)	$	(1,349)	$	35,366
Retirement benefits adjustment		—		22		—		—		—		—		22
Stock based compensation		—		—		—		2		—		23		25
Net Income		325		—		—		—		—		—		325
March 31, 2022	$	26,183	$	(3,886)	$	523	$	14,502	$	(258)	$	(1,326)	$	35,738

	Three-month Period Ended March 31, 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

Summary of restricted stock activity

		Weighted Average
		Grant Date Fair
	Shares	Value
Restricted Share Activity:
Unvested at December 31, 2021	6,576	$	7.60
Vested in 2022	3,288	$	7.60
Unvested at March 31, 2022	3,288	$	7.60

Schedule of earnings per share

	Three Months Ended
	March 31,
	2022		2021
	($000’s omitted except per share data)
Net Income	$	325	$	541
Weighted average common shares outstanding (basic)		2,432		2,404
Unvested restricted stock		3		3
Weighted average common shares outstanding (diluted)		2,435		2,407
Basic
Net income per share	$	0.13	$	0.23
Diluted
Net income per share	$	0.13	$	0.22