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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Insurance premiums $ 39,432 $ 37,859 $ 117,012 $ 113,349
Investment income 2,453 2,456 7,523 7,547
Realized investment gains, net 527 7 1,411 5,106
Other income 35 37 102 78
Total revenue 42,447 40,359 126,048 126,080
Benefits and expenses:        
Insurance benefits and losses incurred 26,955 24,637 78,702 76,261
Commissions and underwriting expenses 11,558 11,816 34,339 33,024
Interest expense 396 361 1,154 1,064
Other expense 3,221 3,180 9,803 10,167
Total benefits and expenses 42,130 39,994 123,998 120,516
Income before income taxes 317 365 2,050 5,564
Income tax expense 168 127 762 1,290
Net income 149 238 1,288 4,274
Preferred stock dividends (100) (100) (299) (299)
Net income applicable to common shareholders $ 49 $ 138 $ 989 $ 3,975
Earnings per common share (basic and diluted) (in dollars per share) $ 0 $ 0.01 $ 0.05 $ 0.19