Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investment securities:
Debt securities, at fair value (amortized cost of $123,324 and $122,678, respectively)	$ 124,118	$ 120,440
Equity securities, at fair value (cost of $10,333 and $9,559, respectively)	11,862	10,737
Short-term investments, at fair value	4,614	8,925
Total investments	140,594	140,102
Cash and cash equivalents	20,415	10,792
Premiums and agents' balances receivable, net	23,125	21,247
Receivable from Affiliate	1,783	3,582
Reinsurance recoverables on unpaid losses	21,396	29,685
Reinsurance recoverables on paid losses	9,835	5,060
Prepaid reinsurance premiums	2,281	1,829
Deferred policy acquisition costs	12,302	12,011
Other assets	11,665	8,444
Total assets	243,396	232,752
Liabilities:
Unpaid losses and loss adjustment expenses	97,981	92,807
Unearned premiums	51,606	52,852
Debt	34,658	33,502
Deferred gain on ADC	481	5,677
Accounts payable and accrued expenses	12,161	5,751
Total liabilities	196,887	190,589
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,519,550 and 8,478,202 issued and outstanding, respectively)	91,410	86,533
Accumulated deficit	(45,322)	(41,758)
Accumulated other comprehensive income (loss)	421	(2,612)
Total shareholders' equity	46,509	42,163
Total liabilities and shareholders' equity	$ 243,396	$ 232,752