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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Insurance premiums $ 40,120 $ 39,122 $ 80,902 $ 77,580
Investment income 2,085 2,563 4,244 5,070
Realized investment gains, net 1,396 132 2,279 884
Other income 31 37 66 67
Total revenue 43,632 41,854 87,491 83,601
Benefits and expenses:        
Insurance benefits and losses incurred 27,032 26,922 57,029 51,747
Commissions and underwriting expenses 11,010 10,954 21,624 22,781
Interest expense 424 385 833 758
Other expense 2,981 3,236 6,167 6,582
Total benefits and expenses 41,447 41,497 85,653 81,868
Income before income taxes 2,185 357 1,838 1,733
Income tax expense 725 116 599 594
Net income 1,460 241 1,239 1,139
Preferred stock dividends (100) (100) (199) (199)
Net income applicable to common shareholders $ 1,360 $ 141 $ 1,040 $ 940
Earnings per common share (basic and diluted) (in dollars per share) $ 0.07 $ 0.01 $ 0.05 $ 0.05