XML 57 R111.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Payable (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
Rate
Covenant
Dec. 31, 2011
Covenant
Rate
Dec. 31, 2011
London Interbank Offered Rate (LIBOR) [Member]
Dec. 31, 2011
Federal Funds Rate [Member]
Dec. 31, 2012
Minimum [Member]
Dec. 31, 2012
Maximum [Member]
Dec. 31, 2012
Long-term Debt [Member]
Dec. 31, 2012
Long-term Debt [Member]
London Interbank Offered Rate (LIBOR) [Member]
Dec. 31, 2012
Long-term Debt [Member]
Eurodollar Reserve [Member]
Dec. 31, 2012
Long-term Debt [Member]
Adjusted London Interbank Offered Rate (LIBOR) [Member] [Member]
Dec. 31, 2012
Long-term Debt [Member]
Federal Funds Rate [Member]
Dec. 31, 2012
Long-term Debt [Member]
Minimum [Member]
Dec. 31, 2012
Long-term Debt [Member]
Minimum [Member]
London Interbank Offered Rate (LIBOR) [Member]
Dec. 31, 2012
Long-term Debt [Member]
Maximum [Member]
Dec. 31, 2012
Long-term Debt [Member]
Maximum [Member]
London Interbank Offered Rate (LIBOR) [Member]
Dec. 31, 2011
Bankers Life of Louisiana [Member]
Minimum [Member]
Dec. 31, 2011
Southern Financial Life Insurance Company [Member]
Minimum [Member]
Dec. 31, 2011
Insurance Company of the South [Member]
Minimum [Member]
Dec. 31, 2011
Lyndon Southern Insurance Company [Member]
Minimum [Member]
Dec. 31, 2011
Life of the South Insurance Company [Member]
Minimum [Member]
Dec. 31, 2012
initial commitment fee [Member]
Debt Instrument [Line Items]                                          
Fixed Charge Covenant Ratio   4.50                                      
Line of Credit Facility, Initiation Date             Aug. 02, 2012                            
Maximum balance allowed on revolving credit facility $ 125,000,000 $ 85,000,000         $ 125,000,000                            
Debt Instrument, Basis Spread on Variable Rate     1.00% 0.50%     1.75% 1.00% 100.00% 2.75% 0.50% 1.00% 2.00% 2.00% 3.00%            
Line of Credit Facility, Revolving Credit Conversion to Term Loan, Description             50.0                            
Line of Credit Facility, Current Borrowing Capacity             75,000,000                            
Line of Credit Facility, Expiration Date             Aug. 02, 2017                            
Line of credit, incremental amount available             50,000,000                            
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage         0.25% 0.45%                             0.40%
Payments of Debt Issuance Costs 1,692,000                                        
Line of Credit Facility, termination date             Aug. 02, 2012                            
Write off of Deferred Debt Issuance Cost             700,000                            
Covenant Requirement, total leverage ratio           3.10                              
Covenant Requirement, fixed charge coverage atio         2.33                                
Covenant Requirement, reinsurance ratio         69.00%                                
Covenant Requirement, RBC ratio                               469.00% 2155.00% 378.00% 255.00% 386.00%  
Total leverage ratio   2.45                                      
Senior leverage ratio   2.45                                      
Reinsurance ratio   75.00%                                      
SunTrust Bank, N.A. - revolving credit facility, maturing June 2013 89,438,000 73,000,000                                      
Interest rate on note payable at the end of the respective periods: 2.76% 4.59%                                      
2013 1,250,000                                        
2014 5,000,000                                        
2015 5,000,000                                        
2016 5,000,000                                        
2017 73,188,000                                        
Thereafter 0                                        
Total $ 89,438,000                                        
Total Leverage Ratio - Well Fargo Bank, credit facility 3.10                                        
Fixed Charge Coverage Ratio-Wells Fargo, credit facility 2.33                                        
Reinsurance Ratio-Wells Fargo Bank, credit facility 69.00%                                        
RBC Ratio - Bankers Life of Louisiana 469.00%                                        
RBC Ratio - Southern Financial Life Insurance Company 2155.00%                                        
RBC Ratio - Insurance Company of the South 378.00%                                        
RBC Ratio - Lyndon Southern Insurance Company 255.00%                                        
RBC Ratio - Life of the South Insurance Company 386.00%