Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Shareholders' Equity

Schedule of stockholders equity

	Nine-month Period Ended September 30, 2022
			Accumulated
			Other				Capital in						Total
	Retained		Comprehensive				excess of				Treasury		shareholders’
	Earnings		Income		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
Retirement benefits adjustment		—		22		—		—		—		—		22
Stock based compensation		—		—		—		7		—		35		42
Net Loss		(810)		—		—		—		—		—		(810)
June 30, 2022	$	25,373	$	(3,864)	$	523	$	14,509	$	(258)	$	(1,291)	$	34,992
Retirement benefits adjustment		—		22		—		—		—		—		22
Stock based compensation		—		—		—		26		—		33		59
Net Loss		(316)		—		—		—		—		—		(316)
September 30, 2022	$	25,057	$	(3,842)	$	523	$	14,535	$	(258)	$	(1,258)	$	34,757

	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

Summary of restricted stock activity

		Weighted Average
		Grant Date Fair
	Shares	Value
Unvested at December 31, 2021	6,576	$	7.60
Granted	18,375	$	11.03
Vested	9,652	$	8.69
Unvested at September 30, 2022	15,299	$	11.03

Schedule of earnings per share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	($000’s omitted except per share data)
Net (loss)/income	$	(316)	$	3,238	$	(801)	$	4,965
Weighted average common shares outstanding (basic)		2,427		2,410		2,424		2,404
Unvested restricted stock		—		10		—		10
Weighted average common shares outstanding (diluted)		2,427		2,420		2,424		2,414
Basic
Net (loss)/income per share	$	(0.13)	$	1.34	$	(0.33)	$	2.07
Diluted
Net (loss)/income per share	$	(0.13)	$	1.34	$	(0.33)	$	2.06