Income Tax Provision (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of income tax provision for income taxes from continuing operations

	2014			2013
	($000’s omitted)
Current:
Federal	$	379		$	215
State		6			5
		385			220
Deferred:
Federal		(2,039	)		30
State		41			9
		(1,998	)		39
	$	(1,613	)	$	259

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

	2014			2013
Federal statutory rate		34.0	%		34.0	%
Business credits		1.4	%		(9.0	%)
ESOP dividend		-			(2.9	%)
Domestic production activities deduction		(0.6	%)		(2.2	%)
Other		(0.2	%)		0.3	%
State income taxes (less federal effect)		(0.6	%)		0.8	%
Effective tax rate		34.0	%		21.0	%

Schedule of deferred tax assets (liabilities)

	2014			2013
	($000’s omitted)
Inventories	$	493		$	333
Accrued employee compensation and benefit costs		508			458
Accrued arbitration award and related liability		1,903			-
Operating loss and credit carryforwards		287			297
Other		45			64
Minimum pension liability		7			14
Total deferred tax assets		3,243			1,166
Valuation allowance		(295	)		(279	)
Net deferred tax asset		2,948			887
Property, plant and equipment		(691	)		(622	)
Total deferred tax liabilities		(691	)		(622	)
Net deferred tax asset	$	2,257		$	265