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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Insurance premiums $ 42,094 $ 39,432 $ 122,996 $ 117,012
Investment income 2,136 2,453 6,380 7,523
Realized investment gains, net 539 527 2,818 1,411
Other income 29 35 95 102
Total revenue 44,798 42,447 132,289 126,048
Benefits and expenses:        
Insurance benefits and losses incurred 30,417 26,955 87,446 78,702
Commissions and underwriting expenses 10,176 11,558 31,800 34,339
Interest expense 440 396 1,273 1,154
Other expense 3,134 3,221 9,301 9,803
Total benefits and expenses 44,167 42,130 129,820 123,998
Income before income taxes 631 317 2,469 2,050
Income tax expense (benefit) (116) 168 483 762
Net income 747 149 1,986 1,288
Preferred stock dividends (100) (100) (299) (299)
Net income applicable to common shareholders $ 647 $ 49 $ 1,687 $ 989
Earnings per common share (basic and diluted) (in dollars per share) $ 0.03 $ 0 $ 0.08 $ 0.05