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Condensed Financial Information of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Summary of Condensed Balance Sheets | 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 (Loss) Income and Comprehensive (Loss) Income | 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 |
Summary of Condensed Statements of Cash Flows | 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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