ESBK Elmira Savings Bank

CUSIP No. 289660102


1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
John G. Ullman & Associates, Inc.  16-1113141

2. Check the Appropriate Box if a Member of a Group
(a) xx
(b)
3. SEC Use Only

4. Citizenship or Place of Organization New York

Number of Shares Beneficially owned by each reporting person with:
5. Sole Voting Power 0, 0

6. Shared Voting Power 0, 0

7. Sole Dispositive Power  174,000
8. Shared Dispositive Power 0, 0

9. Aggregate Amount Beneficially Owned by Each Reporting Person 174,000

10. Check if the Aggregate Amount in Row (9) Excludes
 Certain Shares n/a

11. Percent of Class Represented by Amount in Row (9) 6.69%

12. Type of Reporting Person (See Instructions)
IA - Investment Adviser

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Item 1.

(a) Name of Issuer:Elmira Savings Bank

(b) Address of Issuers:
333 East Water Street. Elmira, NY 14901

Item 2.

(a) Name of Person Filing - John G. Ullman & Associates, Inc.

(b) Address of Principal Business Office or, if none, Residence
 51 E Market Street, PO Box 1424, Corning, NY 14830

(c) Citizenship  - U.S.

(d) Title of Class of Securities - Common Stock

(e) CUSIP Number - 289660102

Item 3. If this statement is filed pursuant to 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Filing as E -Investment Adviser

(a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c)
(d) Investment company registered under section 8 of the Investment
     Company Act of 1940 (15 U.S.C 80a-8).
(e) XXXAn investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(f) An employee benefit plan or endowment fund in accordance with
    240.13d-1(b)(1)(ii)(F);
(g) A parent holding company or control person in accordance with
    240.13d-1(b)(1)(ii)(G);
(h) A savings associations as defined in Section 3(b) of the Federal Deposit
    Insurance Act (12 U.S.C. 1813);
(i) A church plan that is excluded from the definition of an
   investment company under section 3(c)(14) of the Investment Company
    Act of 1940 (15 U.S.C. 80a-3);
(j) Group, in accordance with 240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer
identified in Item 1.

(a) Amount beneficially owned:174,000
(b) Percent of class: 6.69%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0,0
(ii) Shared power to vote or to direct the vote 0,0
(iii) Sole power to dispose or to direct the disposition of 174,000
(iv) Shared power to dispose or to direct the disposition of 0,0

Instruction. For computations regarding securities which represent
a right to acquire an underlying security see 240.13d-3(d)(1).

Item 5. Ownership of Five Percent or Less of a Class n/a

If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following

Instruction: Dissolution of a group requires a response to this item.

Item 6. Ownership of More than Five Percent on Behalf of Another Person. n/a

If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale
of, such securities, a statement to that effect should be included in
response to this item and, if such interest relates to more than five
percent of the class, such person should be identified. A listing of
the shareholders of an investment company registered under the
Investment Company Act of 1940 or the beneficiaries of
employee benefit plan, pension fund or endowment fund is not required.

Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company (n/a)

If a parent holding company has filed this schedule, pursuant to
Rule 13d-1(b)(ii)(G),  so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant subsidiary.
If a parent holding company has filed this schedule pursuant to
Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the
identification of the relevant subsidiary.

Item 8. Identification and Classification of Members of the Group (n/a)

If a group has filed this schedule pursuant to 240.13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to 240.13d-1(c) or 240.13d-1(d), attach an exhibit stating the
identity  of each member of the group.

Item 9. Notice of Dissolution of Group (n/a)

Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required,
by members of the group, in their individual capacity. See Item 5.

Item 10. Certification

(a) The following certification shall be included if the statement is
filed pursuant to 240.13d-1(b):
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By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer
 of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement
is true, complete and correct.

Date January 25, 2018

/s/ John G. Ullman

Name/Title John G. Ullman, President



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