Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 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		-		-		-		1,262			-			-			-			1,262
Purchase of treasury shares		-		-		-		-			-			(165	)		-			(165	)
Cash dividend		-		-		-		(380	)		-			-			-			(380	)
Stock based compensation, net of tax benefit		-		-		34		-			-			206			-			240
Balance at June 30, 2016		2,614,506	$	523	$	14,126	$	14,277		$	(863	)	$	(1,661	)	$	(3	)	$	26,399

Schedule of earnings per share

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	($000’s omitted except per share data)
Net income	$	1,004	$	621	$	1,262	$	3,392
Weighted average common shares outstanding (basic)		2,220		2,179		2,195		2,179
Incremental shares from assumed conversions of stock options		-		-		-		-
Unvested restricted stock		92		82		92		82
Weighted average common Shares outstanding (diluted)		2,312		2,261		2,287		2,261
Basic
Net income per share	$	0.45	$	0.28	$	0.57	$	1.56
Diluted
Net income per share	$	0.43	$	0.27	$	0.55	$	1.50