Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

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, 2015		2,614,506	$	523	$	14,092	$	13,395		$	(863	)	$	(1,702	)	$	(3	)	$	25,442
Net income		-		-		-		258			-			-			-			258
Purchase of treasury shares		-		-		-		-			-			(165	)		-			(165	)
Dividend payable		-		-		-		(371	)		-			-			-			(371	)
Stock based compensation, net of tax benefit		-		-		13		-			-			79			-			92
Balance at March 31, 2016		2,614,506	$	523	$	14,105	$	13,282		$	(863	)	$	(1,788	)	$	(3	)	$	25,256

Schedule of earnings per share

	Three Months Ended March 31,
	2016		2015
	($000’s omitted except per share data)
Net income	$	258	$	2,771
Weighted average common shares outstanding (basic)		2,221		2,179
Incremental shares from assumed conversions of stock options		-		-
Unvested restricted stock		41		82
Weighted average common Shares outstanding (diluted)		2,262		2,261
Basic
Net income per share	$	0.12	$	1.27
Diluted
Net income per share	$	0.11	$	1.23