Schedule I. Summary of Investments Other than Investments in Related Parties

12 Months Ended

Dec. 31, 2012

Summary of Investments, Other than Investments in Related Parties [Abstract]

Schedule I. Summary of Investments Other than Investments Other Than Investments in Related Parties



THE NATIONAL SECURITY GROUP, INC. (Dollars in Thousands)
	December 31, 2012						December 31, 2011

	Cost		Fair Value		Amount per the Balance Sheet		Cost		Fair Value		Amount per the Balance Sheet
Securities Held-to-Maturity:
United States government	$	163	$	177	$	163	$	226	$	244	$	226
States, municipalities and political subdivisions	145		147		145		996		1,046		996
Mortgage backed securities	1,194		1,285		1,194		2,026		2,151		2,026
Private label mortgage backed securities	—		—		—		55		56		55
Industrial and Miscellaneous	—		—		—		—		—		—
Total Securities Held-to-Maturity	1,502		1,609		1,502		3,303		3,497		3,303
Securities Available-for-Sale:
Equity Securities:
Banks and insurance companies	1,363		1,231		1,231		1,323		1,446		1,446
Industrial and all other	1,828		3,901		3,901		3,608		7,101		7,101
Total equity securities	3,191		5,132		5,132		4,931		8,547		8,547
Debt Securities:
United States government	7,320		7,805		7,805		13,878		14,409		14,409
States, municipalities and political subdivisions	16,160		17,516		17,516		18,355		19,482		19,482
Mortgage backed securities	8,595		8,685		8,685		7,587		7,871		7,871
Private label mortgage backed securities	7,679		7,964		7,964		9,716		9,853		9,853
Trust preferred securities	537		587		587		537		479		479
Industrial and Miscellaneous	31,387		33,737		33,737		19,907		20,980		20,980
Total Debt Securities	71,678		76,294		76,294		69,980		73,074		73,074
Total Available-for-Sale	74,869		81,426		81,426		74,911		81,621		81,621
Total Securities	76,371		83,035		82,928		78,214		85,118		84,924
Trading securities	40		40		40		80		80		80
Mortgage loans on real estate	383		383		383		390		390		390
Investment real estate	5,757		5,757		5,757		5,745		5,745		5,745
Policy loans	1,317		1,317		1,317		1,244		1,244		1,244
Company owned life insurance	5,000		5,931		5,931		5,000		5,660		5,660
Other invested assets	3,777		3,777		3,777		3,929		3,929		3,929
Total investments	$	92,645	$	100,240	$	100,133	$	94,602	$	102,166	$	101,972

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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