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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company | 18 - Condensed Financial Information of Parent Company Condensed Balance Sheets (in thousands)
December 31, |  | 2019 |  |  | 2018 |
Assets |  |  |  |  |  |  |  |
Investment in subsidiaries/affiliates (equity method) |  | $ | 489,657 |  |  | $ | 465,030 |
Short-term investments |  |  | 2,502 |  |  |  | 29 |
Cash |  |  | 2,350 |  |  |  | 1,542 |
Property and equipment |  |  | 944 |  |  |  | 928 |
Other |  |  | — |  |  |  | — |
Total assets |  | $ | 495,453 |  |  | $ | 467,529 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |
Cash dividends declared to stockholders |  | $ | 4,075 |  |  | $ | 3,948 |
Borrowings under lines of credit |  |  | 35,000 |  |  |  | 60,000 |
Other |  |  | 5,362 |  |  |  | 4,711 |
Total liabilities |  |  | 44,437 |  |  |  | 68,659 |
Stockholders’ equity |  |  | 451,016 |  |  |  | 398,870 |
Total liabilities and stockholders’ equit y |  | $ | 495,453 |  |  | $ | 467,529 |
Condensed Statements of Income (Loss) and Comprehensive Income (Loss) (in thousands)
Year Ended December 31, |  | 2019 |  |  | 2018 |  |  | 2017 |
Statements of Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 4,000 |  |  | $ | 11,000 |  |  | $ | 13,000 |
Realized investment gains |  |  | 12,378 |  |  |  | — |  |  |  | — |
Other |  |  | 1,009 |  |  |  | 3,196 |  |  |  | 2,131 |
Total revenues |  |  | 17,387 |  |  |  | 14,196 |  |  |  | 15,131 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  |  | 1,420 |  |  |  | 1,628 |  |  |  | 1,433 |
Interest |  |  | 1,327 |  |  |  | 2,224 |  |  |  | 1,929 |
Total expenses |  |  | 2,747 |  |  |  | 3,852 |  |  |  | 3,362 |
Income before income tax expense (benefit) and equity in undistributed net income (loss) of subsidiaries |  |  | 14,640 |  |  |  | 10,344 |  |  |  | 11,769 |
Income tax expense (benefit) |  |  | 636 |  |  |  | 411 |  |  |  | (690 | )
Income before equity in undistributed net income (loss) of subsidiaries |  |  | 14,004 |  |  |  | 9,933 |  |  |  | 12,459 |
Equity in undistributed net income (loss) of subsidiaries |  |  | 33,148 |  |  |  | (42,693 | ) |  |  | (5,343 | )
Net income (loss) |  | $ | 47,152 |  |  | $ | (32,760 | ) |  | $ | 7,116 |
Statements of Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 47,152 |  |  | $ | (32,760 | ) |  | $ | 7,116 |
Other comprehensive income (loss) , net of tax |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) - subsidiaries |  |  | 14,732 |  |  |  | (6,625 | ) |  |  | 46 |
Other comprehensive income (loss), net of tax |  |  | 14,732 |  |  |  | (6,625 | ) |  |  | 46 |
Comprehensive income (loss ) |  | $ | 61,884 |  |  | $ | (39,385 | ) |  | $ | 7,162 |
Condensed Statements of Cash Flows (in thousands)
Year Ended December 31, |  | 2019 |  |  | 2018 |  |  | 2017 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 47,152 |  |  | $ | (32,760 | ) |  | $ | 7,116 |
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net (income) loss of subsidiaries |  |  | (33,148 | ) |  |  | 42,694 |  |  |  | 5,343 |
Realized investment gains |  |  | (12,378 | ) |  |  | — |  |  |  | — |
Dividends received from DFSC |  |  | — |  |  |  | — |  |  |  | 1,037 |
Other |  |  | 490 |  |  |  | 2,531 |  |  |  | 1,011 |
Net adjustments |  |  | (45,036 | ) |  |  | 45,225 |  |  |  | 7,391 |
Net cash provided |  |  | 2,116 |  |  |  | 12,465 |  |  |  | 14,507 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net (purchases) sale of short-term investments |  |  | (2,473 | ) |  |  | — |  |  |  | 1 |
Net purchase of property and equipment |  |  | (150 | ) |  |  | (106 | ) |  |  | (788 | )
Sale of DFSC |  |  | 33,923 |  |  |  | — |  |  |  | — |
Sale of equity securities - available for sale |  |  | 20,287 |  |  |  | — |  |  |  | — |
Investment in subsidiaries |  |  | (18,283 | ) |  |  | (2,644 | ) |  |  | (2,992 | )
Other |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
Net cash received (used) |  |  | 33,304 |  |  |  | (2,751 | ) |  |  | (3,780 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  |  | (16,093 | ) |  |  | (15,659 | ) |  |  | (14,821 | )
Issuance of common stock |  |  | 6,481 |  |  |  | 3,250 |  |  |  | 15,511 |
Payments on lines of credit |  |  | (25,000 | ) |  |  | — |  |  |  | (10,000 | )
Borrowings under lines of credit |  |  | — |  |  |  | 1,000 |  |  |  | — |
Net cash used |  |  | (34,612 | ) |  |  | (11,409 | ) |  |  | (9,310 | )
Net change in cash |  |  | 808 |  |  |  | (1,695 | ) |  |  | 1,417 |
Cash at beginning of year |  |  | 1,542 |  |  |  | 3,237 |  |  |  | 1,820 |
Cash at end of year |  | $ | 2,350 |  |  | $ | 1,542 |  |  | $ | 3,237 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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