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Schedule II | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS AS OF DECEMBER 31, 2015 AND 2014
| 2015 |  | 2014
Assets: |  |  |
Cash and cash equivalents | $ | 8,347,004 |  |  | $ | 7,942,481 |
Investments in fixed maturities, available-for-sale | 21,779,123 |  |  | 24,358,323 |
Investments in equity securities, available-for-sale | 2,638,330 |  |  | 2,529,982 |
Short-term investments | 3,005,647 |  |  | 284,069 |
Investments in affiliated companies | 99,951,433 |  |  | 96,395,352 |
Other investments | 3,089,550 |  |  | 1,578,236 |
Premium and fees receivable | 43,690 |  |  | 56,428 |
Other receivables | 3,080,245 |  |  | 2,220,330 |
Income taxes recoverable | 1,733,314 |  |  | 1,876,242 |
Accrued interest and dividends | 120,369 |  |  | 128,221 |
Property, net | 2,288,776 |  |  | 2,371,078 |
Total Assets | $ | 146,077,481 |  |  | $ | 139,740,742 |
Liabilities and Stockholders’ Equity |  |  |  |  |
Liabilities: |  |  |  |  |
Accounts payable and accrued liabilities | $ | 3,267,274 |  |  | $ | 2,074,347 |
Deferred income taxes, net | 140,325 |  |  | 102,689 |
Total liabilities | 3,407,599 |  |  | 2,177,036 |
Stockholders’ Equity: |  |  |  |  |
Preferred stock (1,000,000 authorized shares; no shares issued) | — |  |  | — |
Common stock - no par value (10,000,000 authorized shares; 1,949,797 and 2,023,270 shares issued and outstanding 2015 and 2014, respectively, excluding 291,676 shares for 2015 and 2014 of common stock held by the Company’s subsidiary) | 1 |  |  | 1 |
Retained earnings | 131,186,866 |  |  | 124,707,196 |
Accumulated other comprehensive income | 11,483,015 |  |  | 12,856,509 |
Total stockholders’ equity | 142,669,882 |  |  | 137,563,706 |
Total Liabilities and Stockholders’ Equity | $ | 146,077,481 |  |  | $ | 139,740,742 |
See notes to Condensed Financial Statements. CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2015, 2014 AND 2013
|  | 2015 |  | 2014 |  | 2013
Revenues: |  |  |  |  |  |
Investment income – interest and dividends |  | $ | 535,963 |  |  | $ | 482,711 |  |  | $ | 348,933 |
Net realized (loss) gain on investments |  | (152,026 | ) |  | 9,169 |  |  | (50,778 | )
Rental income |  | 765,134 |  |  | 772,256 |  |  | 748,764 |
Miscellaneous income |  | 385,058 |  |  | 59,569 |  |  | 68,966 |
Total |  | 1,534,129 |  |  | 1,323,705 |  |  | 1,115,885 |
Operating Expenses: |  |  |  |  |  |  |  |  |
Salaries, employee benefits and payroll taxes |  | 651,957 |  |  | 673,729 |  |  | 576,429 |
Office occupancy and operations |  | 239,176 |  |  | 270,881 |  |  | 408,373 |
Business development |  | 76,684 |  |  | 49,059 |  |  | 45,022 |
Taxes – other than payroll and income |  | 213,466 |  |  | 200,718 |  |  | 188,314 |
Professional and contract labor fees |  | 378,265 |  |  | 192,064 |  |  | 351,093 |
Other expenses |  | 198,788 |  |  | 193,681 |  |  | 177,810 |
Total |  | 1,758,336 |  |  | 1,580,132 |  |  | 1,747,041 |
Equity in Net Income of Affiliated Companies |  | 12,640,260 |  |  | 9,777,925 |  |  | 15,164,894 |
Income before Income Taxes |  | 12,416,053 |  |  | 9,521,498 |  |  | 14,533,738 |
Income Tax Benefit |  | (133,000 | ) |  | (151,000 | ) |  | (263,000 | )
Net Income |  | 12,549,053 |  |  | 9,672,498 |  |  | 14,796,738 |
Net Income Attributable to Noncontrolling Interests |  | (15,148 | ) |  | (23,523 | ) |  | (88,528 | )
Net Income Attributable to the Company |  | $ | 12,533,905 |  |  | $ | 9,648,975 |  |  | $ | 14,708,210 |
Basic Earnings per Common Share |  | $ | 6.32 |  |  | $ | 4.75 |  |  | $ | 7.15 |
Weighted Average Shares Outstanding – Basic |  | 1,984,360 |  |  | 2,031,760 |  |  | 2,056,169 |
Diluted Earnings per Common Share |  | $ | 6.30 |  |  | $ | 4.74 |  |  | $ | 7.08 |
Weighted Average Shares Outstanding – Diluted |  | 1,989,799 |  |  | 2,037,534 |  |  | 2,076,628 |
Cash Dividends Paid per Common Share |  | $ | 0.40 |  |  | $ | 0.32 |  |  | $ | 0.32 |
See notes to Condensed Financial Statements. CONDENSED FINANCIAL INFORMATION OF REGISTRANT STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2015, 2014 AND 2013
| 2015 |  | 2014 |  | 2013
Operating Activities |  |  |  |  |
Net income | $ | 12,549,053 |  |  | $ | 9,672,498 |  |  | $ | 14,796,738 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |
Equity in net earnings of subsidiaries | (12,640,260 | ) |  | (9,777,925 | ) |  | (15,164,894 | )
Depreciation | 112,690 |  |  | 136,369 |  |  | 136,031 |
Amortization, net | 192,654 |  |  | 210,768 |  |  | 69,969 |
Issuance of common stock in payment of bonuses and fees | 137,759 |  |  | 164,730 |  |  | 76,110 |
Net loss on disposals of property | 1,683 |  |  | 2,722 |  |  | — |
Net realized loss (gain) on investments | 152,026 |  |  | (19,231 | ) |  | 50,778 |
Net (earnings) loss from other investments | (237,686 | ) |  | 322 |  |  | (32,499 | )
Provision (benefit) for deferred income taxes | 13,000 |  |  | (40,000 | ) |  | (93,000 | )
Increase in receivables | (847,177 | ) |  | (685,052 | ) |  | (146,247 | )
Decrease (increase) in income taxes recoverable | 142,928 |  |  | 1,354,735 |  |  | (1,646,373 | )
Decrease (increase) in other assets | 7,852 |  |  | (24,650 | ) |  | (101 | )
Increase (decrease) in accounts payable and accrued liabilities | 1,192,927 |  |  | 516,252 |  |  | (8,118 | )
Net cash provided by (used in) operating activities | 777,449 |  |  | 1,511,538 |  |  | (1,961,606 | )
Investing Activities |  |  |  |  |  |  |  |
Dividends received from subsidiaries | 7,630,835 |  |  | 5,051,664 |  |  | 9,252,919 |
Purchases of available-for-sale securities | (260,044 | ) |  | (6,883,612 | ) |  | (10,360,919 | )
Purchases of short-term securities | (2,721,578 | ) |  | (104,207 | ) |  | (58,283 | )
Purchases of and net earnings from other investments | (2,007,798 | ) |  | (964,197 | ) |  | (49,485 | )
Proceeds from sales and maturities of available-for-sale securities | 2,475,557 |  |  | 1,631,987 |  |  | 3,027,896 |
Proceeds from sales and maturities of short-term securities | — |  |  | 2,033,634 |  |  | 2,748,876 |
Proceeds from sales and distributions of other investments | 734,170 |  |  | 123,017 |  |  | 45,384 |
Proceeds from sales of other assets | — |  |  | — |  |  | 4,832 |
Purchases of property | (32,071 | ) |  | (5,200 | ) |  | (24,820 | )
Proceeds from disposals of property | — |  |  | — |  |  | 7,200 |
Net cash provided by investing activities | 5,819,071 |  |  | 883,086 |  |  | 4,593,600 |
Financing Activities |  |  |  |  |  |  |  |
Repurchases of common stock | (5,483,953 | ) |  | (1,055,765 | ) |  | (4,262,260 | )
Exercise of options | 54,988 |  |  | 27,100 |  |  | 75,797 |
Excess tax benefit | 26,875 |  |  | 15,999 |  |  | 9,042 |
Dividends paid | (789,907 | ) |  | (650,433 | ) |  | (657,914 | )
Net cash used in financing activities | (6,191,997 | ) |  | (1,663,099 | ) |  | (4,835,335 | )
Net Increase (Decrease) in Cash and Cash Equivalents | 404,523 |  |  | 731,525 |  |  | (2,203,341 | )
Cash and Cash Equivalents, Beginning of Period | 7,942,481 |  |  | 7,210,956 |  |  | 9,414,297 |
Cash and Cash Equivalents, End of Period | $ | 8,347,004 |  |  | $ | 7,942,481 |  |  | $ | 7,210,956 |
Supplemental Disclosures: |  |  |  |  |
Income tax payments, net | $ | 4,598,000 |  |  | $ | 2,699,000 |  |  | $ | 5,583,000 |
See notes to Condensed Financial Statements. CONDENSED FINANCIAL INFORMATION OF REGISTRANT NOTES TO THE CONDENSED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2015, 2014 AND 2013
1. | The accompanying Condensed Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto of Investors Title Company and Subsidiaries.
2. | Cash dividends paid to Investors Title Company by its wholly owned subsidiaries were as follows:
Subsidiaries | 2015 |  | 2014 |  | 2013
Investors Title Insurance Company, net* | $ | 7,134,823 |  |  | $ | 4,906,664 |  |  | $ | 9,102,919 |
Investors Title Exchange Corporation | 245,000 |  |  | 50,000 |  |  | 50,000 |
Investors Title Accommodation Corporation | 12,000 |  |  | 10,000 |  |  | — |
Investors Capital Management Company | 9,012 |  |  | 40,000 |  |  | — |
Investors Trust Company | — |  |  | — |  |  | 100,000 |
Investors Title Commercial Agency, LLC | 230,000 |  |  | 45,000 |  |  | — |
Total | $ | 7,630,835 |  |  | $ | 5,051,664 |  |  | $ | 9,252,919 |
* Total dividends of $7,251,493, $5,000,000 and $9,196,255 paid to the Parent Company in 2015, 2014 and 2013, respectively, netted with dividends of $116,670, $93,336 and $93,336 received from the Parent Company in 2015, 2014 and 2013, respectively.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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