CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 24,547	$ 13,252
Investments:
Fixed maturities (cost: $212,544 and $210,505)	215,108	210,670
Common and non-redeemable preferred stocks (cost: $10,918 and $11,453)	23,355	20,257
Other invested assets (cost: $5,626 and $9,709)	5,626	9,709
Policy loans	2,146	2,265
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	247,511	244,177
Receivables:
Reinsurance	17,613	11,703
Insurance premiums and other, net of allowance for doubtful accounts of $209 and $280 in 2017 and 2016, respectively	13,241	12,581
Deferred income taxes, net	0	160
Deferred acquisition costs	32,694	28,975
Other assets	5,089	5,208
Intangibles	2,544	2,544
Total assets	343,239	318,600
LIABILITIES AND SHAREHOLDERS' EQUITY
Insurance reserves and policyholder funds	173,583	162,679
Accounts payable and accrued expenses	22,342	16,677
Deferred income taxes, net	593	0
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	230,256	213,094
Commitments and contingencies (Note 7)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value	55	55
Common stock, $1 par, 50,000,000 shares authorized; 22,400,894 shares issued; 20,449,531 and 20,446,705 shares outstanding in 2017 and 2016, respectively	22,401	22,401
Additional paid-in capital	57,495	57,114
Retained earnings	30,993	27,272
Accumulated other comprehensive income	9,751	5,830
Unearned stock grant compensation	(579)	(428)
Treasury stock, at cost, 1,951,363 and 1,954,189 shares in 2017 and 2016, respectively	(7,133)	(6,738)
Total shareholders' equity	112,983	105,506
Total liabilities and shareholders' equity	$ 343,239	$ 318,600