Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Schedule of stockholders equity

										($000’s omitted except for share data)
	Common Stock
	Number of shares issued		Amount		Capital in excess of par value		Retained earnings			ESOT			Treasury stock			Accumulated Other Comprehensive Loss			Total shareholders’ equity
Balance at December 31, 2014		2,614,506	$	523	$	14,068	$	9,176		$	(964	)	$	(1,909	)	$	(14	)	$	20,880
Net income		-		-		-		4,136			-			-			-			4,136
Purchase of treasury shares		-		-		-		-			-			(114	)		-			(114	)
Cash dividend		-		-		-		(375	)		-			-			-			(375	)
Stock based compensation, net of tax benefit		-		-		12		-			-			236			-			248
Balance at September 30, 2015		2,614,506	$	523	$	14,080	$	12,937		$	(964	)	$	(1,787	)	$	(14	)	$	24,775

Schedule of earnings per share

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
	($000’s omitted except per share data)
Net income (loss)	$	744	$	(3,301	)	$	4,136	$	(2,999	)
Weighted average common shares outstanding (basic)		2,179		2,138			2,179		2,141
Incremental shares from assumed conversions of stock options		-		-			-		-
Unvested restricted stock		82		124			82		124
Weighted average common Shares outstanding (diluted)		2,261		2,262			2,261		2,265
Basic
Net income (loss) per share	$	0.34	$	(1.54	)	$	1.90	$	(1.40	)
Diluted
Net income (loss) per share	$	0.33	$	(1.46	)	$	1.83	$	(1.32	)