Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

Note 4 – Segment Information

     The Company has one reportable segment, title insurance services. The remaining immaterial segments have been combined into a group called "All Other."

     The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

     The following table shows selected financial information about the Company's operations by segment for the periods ended June 30, 2012 and 2011:

Three Months Ended		Title			All		Intersegment
June 30, 2012		Insurance			Other		Eliminations			Total
Operating revenues	$	24,264,268		$	1,102,786	$	(361,795	)	$	25,005,259
Investment income		880,803			149,533		(20,418	)		1,009,918
Net realized (loss) gain on
investments		(85,725	)		150,873		-			65,148
Total revenues	$	25,059,346		$	1,403,192	$	(382,213	)	$	26,080,325
Operating expenses		20,430,840			1,374,158		(344,374	)		21,460,624
Income (loss) before income taxes	$	4,628,506		$	29,034	$	(37,839	)	$	4,619,701
Total assets	$	124,109,659		$	39,987,225	$	-		$	164,096,884

Three Months Ended		Title		All			Intersegment
June 30, 2011		Insurance		Other			Eliminations			Total
Operating revenues	$	21,809,129	$	1,082,802		$	(198,611	)	$	22,693,320
Investment income		773,973		125,263			(20,418	)		878,818
Net realized gain on investments		145,144		1,931			-			147,075
Total revenues	$	22,728,246	$	1,209,996		$	(219,029	)	$	23,719,213
Operating expenses		20,610,222		1,268,797			(198,611	)		21,680,408
Income (loss) before income taxes	$	2,118,024	$	(58,801	)	$	(20,418	)	$	2,038,805
Total assets	$	116,889,860	$	36,502,150		$	-		$	153,392,010

Six Months Ended		Title		All			Intersegment
June 30, 2012		Insurance		Other			Eliminations			Total
Operating revenues	$	44,538,024	$	2,278,844		$	(567,477	)	$	46,249,391
Investment income		1,734,634		293,380			(40,835	)		1,987,179
Net realized gain on investments		96,689		161,340			-			258,029
Total revenues	$	46,369,347	$	2,733,564		$	(608,312	)	$	48,494,599
Operating expenses		39,685,564		2,794,251			(550,056	)		41,929,759
Income (loss) before income taxes	$	6,683,783	$	(60,687	)	$	(58,256	)	$	6,564,840
Total assets	$	124,109,659	$	39,987,225		$	-		$	164,096,884

Six Months Ended		Title		All			Intersegment
June 30, 2011		Insurance		Other			Eliminations			Total
Operating revenues	$	39,996,441	$	2,254,586		$	(408,899	)	$	41,842,128
Investment income		1,564,946		254,079			(40,835	)		1,778,190
Net realized gain (loss) on
investments		124,609		(3,694	)		-			120,915
Total revenues	$	41,685,996	$	2,504,971		$	(449,734	)	$	43,741,233
Operating expenses		38,137,759		2,627,361			(408,899	)		40,356,221
Income (loss) before income taxes	$	3,548,237	$	(122,390	)	$	(40,835	)	$	3,385,012
Total assets	$	116,889,860	$	36,502,150		$	-		$	153,392,010