Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Schedule of stockholders equity of the company

	Common Stock															Accumulated
	Number of shares issued		Amount		Capital in excess of par value		Retained earnings			ESOT			Treasury stock			Other Comprehensive Loss			Total shareholders’ equity
	($000’s omitted except for share data)
Balance at December 31, 2013		2,614,506	$	523	$	14,024	$	12,302		$	(1,065	)	$	(2,024	)	$	(26	)	$	23,734
Net loss		-		-		-		(3,126	)		-			-			-			(3,126	)
Retirement benefits adjustment		-		-		-		-			-			-			12			12
Compensation expense		-		-		-		-			101			-			-			101
Purchase of treasury shares		-		-		-		-			-			(202	)		-			(202	)
Stock based compensation		-		-		44		-			-			317			-			361
Balance at December 31, 2014		2,614,506	$	523	$	14,068	$	9,176		$	(964	)	$	(1,909	)	$	(14	)	$	20,880
Net income		-		-		-		4,597			-			-			-			4,597
Retirement benefits adjustment		-		-		-		-			-			-			11			11
Compensation expense		-		-		-		-			101			-			-			101
Purchase of treasury shares		-		-		-		-			-			(114	)		-			(114	)
Cash dividend		-		-		-		(375	)		-			-			-			(375	)
Exercise of stock options, net of tax benefit		-		-		-		(3	)		-			7			-			4
Stock based compensation, net of tax benefit		-		-		24		-			-			314			-			338
Balance at December 31, 2015		2,614,506	$	523	$	14,092	$	13,395		$	(863	)	$	(1,702	)	$	(3	)	$	25,442

Schedule of earnings per share of the company

	Years Ended December 31,
	2015		2014
	($000’s omitted expect per share data)
Net income (loss)	$	4,597	$	(3,126	)
Weighted average common shares outstanding (basic)		2,182		2,143
Unvested restricted stock		82		124
Weighted average common Shares outstanding (diluted)		2,264		2,267
Basic
Net income (loss) per share	$	2.11	$	(1.46	)
Diluted
Net income (loss) per share	$	2.03	$	(1.38	)

Schedule of options granted under employee plans

	Options Outstanding		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value ($)
Outstanding and exercisable as of December 31, 2013		1,000		4.70		2.00		3,400
Outstanding and exercisable as of December 31, 2014		1,000		4.70		1.00		1,790
Outstanding and exercisable as of December 31, 2015		-		-		-		-

Schedule of summary of the status of restricted share awards granted

	Shares		Weighted Average Grant Date Fair Value
Restricted Share Activity:
Unvested at December 31, 2014		123,750	$	8.10
Granted in 2015		-
Forfeited in 2015		-
Vested in 2015		41,250
Unvested at December 31, 2015		82,500	$	8.10