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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 21,858 $ 21,285
Investments:    
Fixed maturities (cost: $198,977 and $198,506) 222,059 217,348
Common and non-redeemable preferred stocks (cost: $8,477 and $7,477) 10,155 8,348
Other invested assets (cost: $572 and $567) 572 567
Policy loans 2,282 2,246
Real estate 38 38
Investment in unconsolidated trusts 1,238 1,238
Total investments 236,344 229,785
Receivables:    
Reinsurance 14,975 15,673
Insurance premiums and other (net of allowance for doubtful accounts: $386 and $405) 7,039 8,289
Deferred acquisition costs 25,449 24,259
Other assets 934 706
Goodwill 2,128 2,128
Total assets 308,727 302,125
LIABILITIES AND SHAREHOLDERS' EQUITY    
Future policy benefits 64,987 63,321
Unearned premiums 22,864 23,646
Losses and claims 59,807 57,975
Other policy liabilities 1,614 2,252
Total insurance reserves and policyholder funds 149,272 147,194
Accounts payable and accrued expenses 11,404 14,100
Deferred income taxes, net 5,221 3,316
Junior subordinated debenture obligations 41,238 41,238
Total liabilities 207,135 205,848
Commitments and contingencies (Note 8)      
Shareholders' equity:    
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value 70 70
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894; shares outstanding: 21,306,854 and 21,274,241 22,401 22,401
Additional paid-in capital 57,158 57,136
Retained earnings 7,937 6,179
Accumulated other comprehensive income 15,750 12,244
Treasury stock, at cost: 1,094,040 and 1,126,653 shares (1,724) (1,753)
Total shareholders' equity 101,592 96,277
Total liabilities and shareholders' equity $ 308,727 $ 302,125