XML 28 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information

Note 4 – Segment Information

     The Company has one reportable segment, title insurance services. The remaining immaterial segments have been combined into a group called "All Other."

 

     The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

     Provided below is selected financial information about the Company's operations by segment for the periods ended March 31, 2012 and 2011:

Three Months Ended   Title     All     Intersegment        
March 31, 2012   Insurance     Other     Eliminations     Total  
Operating revenues $ 20,273,756   $ 1,176,058   $ (205,682 ) $ 21,244,132  
Investment income   853,831     143,847     (20,417 )   977,261  
Net realized gain on investments   182,414     10,467     -     192,881  
Total revenues $ 21,310,001   $ 1,330,372   $ (226,099 ) $ 22,414,274  
Operating expenses   19,254,724     1,420,093     (205,682 )   20,469,135  
Income (loss) before income taxes $ 2,055,277   $ (89,721 ) $ (20,417 ) $ 1,945,139  
Total assets $ 123,921,278   $ 35,000,416   $ -   $ 158,921,694  
 
Three Months Ended                        
March 31, 2011                        
Operating revenues $ 18,187,312   $ 1,171,784   $ (210,288 ) $ 19,148,808  
Investment income   790,973     128,816     (20,417 )   899,372  
Net realized loss on investments   (20,535 )   (5,625 )   -     (26,160 )
Total revenues $ 18,957,750   $ 1,294,975   $ (230,705 ) $ 20,022,020  
Operating expenses   17,527,537     1,358,564     (210,288 )   18,675,813  
Income (loss) before income taxes $ 1,430,213   $ (63,589 ) $ (20,417 ) $ 1,346,207  
Total assets $ 111,333,607   $ 37,797,701   $ -   $ 149,131,308