XML 77 R66.htm IDEA: XBRL DOCUMENT v3.6.0.2
Schedule II CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
ASSETS [Abstract]          
Cash and cash equivalents $ 15,622 $ 15,622 $ 13,252 $ 15,622 $ 16,375
Investments     244,177 238,385  
Investments in unconsolidated trusts     1,238 1,238  
Deferred tax asset, net     160 829  
Other assets     5,208 5,610  
Total assets     318,600 314,603  
LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]          
Junior subordinated debentures     33,738 33,738  
Total liabilities     213,094 212,111  
Shareholders' equity     105,506 102,492 104,195
Total liabilities and shareholders' equity     318,600 314,603  
REVENUE [Abstract]          
Other 133 103      
Total revenue 166,077 165,937      
INTEREST EXPENSE 1,562 1,429      
INCOME TAX BENEFIT (888) (1,320)      
Net income 2,636 4,388      
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]          
Net income 2,636 4,388      
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]          
Realized investment losses (gains), net (2,595) (4,857)      
Depreciation and amortization 1,205 1,117      
Compensation expense related to share awards 586 365      
Deferred income tax (benefit) expense (2) 304      
(Decrease) increase in other liabilities 1,649 1,442      
Other, net 19 (245)      
Net cash provided by operating activities 1,316 2,209      
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]          
Proceeds from investments sold, called or matured 10,874 5,924      
Investments purchased (75,071) (91,676)      
Additions to property and equipment (396) (322)      
Net cash used in investing activities (2,232) (1,201)      
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]          
Payment of dividends on Series D Preferred Stock (399) (399)      
Payment of dividends on common stock (408) (412)      
Proceeds from shares issued under stock plans 51 47      
Purchase of shares for treasury (698) (997)      
Net cash used in financing activities (1,454) (1,761)      
Net decrease in cash (2,370) (753)      
Cash and cash equivalents at beginning of year 15,622 16,375      
Cash and cash equivalents at end of year 13,252 15,622      
Supplemental disclosure [Abstract]          
Cash paid for interest 1,544 1,424      
Cash paid for income taxes 675 1,465      
Parent Company [Member]          
ASSETS [Abstract]          
Cash and cash equivalents 4,308 4,463 4,308 4,463 $ 5,947
Investments     16,160 19,035  
Investment in subsidiaries     112,472 106,675  
Investments in unconsolidated trusts     1,238 1,238  
Deferred tax asset, net     0 169  
Income taxes receivable from subsidiaries     2,961 2,146  
Other assets     4,554 4,677  
Total assets     141,693 138,403  
LIABILITIES AND SHAREHOLDERS' EQUITY [Abstract]          
Deferred tax liability, net     500 0  
Other payables     1,949 2,173  
Junior subordinated debentures     33,738 33,738  
Total liabilities     36,187 35,911  
Shareholders' equity     105,506 102,492  
Total liabilities and shareholders' equity     $ 141,693 $ 138,403  
REVENUE [Abstract]          
Fee income from subsidiaries 7,395 7,449      
Distributed earnings from subsidiaries 5,508 6,750      
Other 408 571      
Total revenue 13,311 14,770      
GENERAL AND ADMINISTRATIVE EXPENSES 12,858 13,984      
INTEREST EXPENSE 1,562 1,429      
Earnings before tax and equity in undistributed earnings (losses) of subsidiaries (1,109) (643)      
INCOME TAX BENEFIT [1] (1,837) (1,514)      
Earnings after tax but before equity in undistributed earnings (losses) of subsidiaries 728 871      
EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES, NET 1,908 3,517      
Net income 2,636 4,388      
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]          
Net income 2,636 4,388      
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]          
Realized investment losses (gains), net 1 (190)      
Depreciation and amortization 713 673      
Compensation expense related to share awards 586 365      
Equity in undistributed earnings of consolidated subsidiaries (1,908) (3,517)      
(Increase) decrease in intercompany taxes (815) 125      
Deferred income tax (benefit) expense (2) 304      
(Decrease) increase in other liabilities (224) 317      
Other, net (221) (12)      
Net cash provided by operating activities 766 2,453      
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]          
Proceeds from investments sold, called or matured 1,979 2,210      
Investments purchased (1,000) (3,956)      
Capital contribution to subsidiaries (75) (200)      
Additions to property and equipment (371) (230)      
Net cash used in investing activities 533 (2,176)      
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]          
Payment of dividends on Series D Preferred Stock (399) (399)      
Payment of dividends on common stock (408) (412)      
Proceeds from shares issued under stock plans 51 47      
Purchase of shares for treasury (698) (997)      
Net cash used in financing activities (1,454) (1,761)      
Net decrease in cash (155) (1,484)      
Cash and cash equivalents at beginning of year 4,463 5,947      
Cash and cash equivalents at end of year 4,308 4,463      
Supplemental disclosure [Abstract]          
Cash paid for interest 1,544 1,424      
Cash paid for income taxes 675 1,465      
Intercompany tax settlement from subsidiaries $ 2,845 $ 2,409      
[1] Under the terms of a tax-sharing agreement, income tax provisions for the subsidiary companies are computed on a separate company basis. Accordingly, the Company's income tax benefit results from the utilization of the Parent's separate return loss to reduce the consolidated taxable income of the Company.