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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flow from operating activities:    
Net income $ 8,161 $ 3,244
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premium discount, net 1,135 1,035
Depreciation and amortization of property plant and equipment, net 190 146
Net realized investment (gains) losses (2,480) 83
Non-cash impairment recognition 0 44
Recovery for credit losses, net 0 (12)
(Recovery) provision for uncollectible premiums receivable (34) 9
Non-cash compensation 188 140
Changes in operating assets and liabilities:    
Premiums receivable (12,053) (2,530)
Prepaid reinsurance premiums 5,339 2,952
Reinsurance recoverable, net 818 (118)
Income taxes recoverable (829) (70)
Deferred income tax expense, net of other comprehensive income 3,361 1,796
Policy acquisition costs, net of amortization (5,881) (766)
Other assets 171 427
Unpaid losses and LAE 2,042 (8,805)
Unearned premiums 57,981 10,983
Premium deposits and customer credit balances 1,383 (749)
Income taxes payable 0 (77)
Bank overdraft (1,177) (1,702)
Accounts payable and accrued expenses 4,785 211
Net cash provided by operating activities 63,100 6,241
Cash flow used by investing activities:    
Proceeds from sale of investment securities 93,079 60,711
Purchases of investment securities available for sale (129,349) (71,234)
Purchases of property and equipment (542) (81)
Net cash used by investing activities (36,812) (10,604)
Cash flow (used) provided by financing activities:    
Exercised stock options 358 16
Dividends paid (903) 0
Tax benefit related to non-cash compensation 108 77
Net cash (used) provided by financing activities (437) 93
Net increase (decrease) in cash and short term investments 25,851 (4,270)
Cash and short term investments at beginning of period 21,143 15,205
Cash and short term investments at end of period 46,994 10,935
Cash paid during the period for:    
Income taxes 1,870 165
Non-cash investing and finance activities:    
Accrued dividends payable $ 250 $ 0