CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Investments, available-for-sale at fair value (amortized cost of $128,304 and $119,119, respectively)	$ 131,582	$ 125,085
Cash and cash equivalents	115,587	102,429
Premiums, fees, and commissions receivable, net of allowance of $454 and $392	69,881	56,486
Deferred tax assets, net	18,301	16,521
Other investments	11,256	10,530
Other assets	6,950	5,962
Property and equipment, net	5,141	3,173
Deferred acquisition costs	5,509	3,459
Goodwill	29,429
Identifiable intangible assets, net	8,491	4,800
TOTAL ASSETS	402,127	328,445
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	122,071	96,613
Unearned premiums and fees	83,426	67,942
Debentures payable	40,256	40,211
Term loan from principal stockholder	29,753
Accrued expenses	7,345	3,262
Other liabilities	15,606	13,453
Total liabilities	$ 298,457	$ 221,481
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 41,060 and 41,016 issued and outstanding, respectively	$ 411	$ 410
Additional paid-in capital	457,476	457,242
Accumulated other comprehensive income, net of tax of $62 and $923, respectively	3,491	5,090
Accumulated deficit	(357,708)	(355,778)
Total stockholders’ equity	103,670	106,964
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 402,127	$ 328,445