Fair Value of Financial Assets and Financial Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands):

	Fair Value Measurements at Reporting Date Using
Description	Total		Level 1		Level 2		Level 3
Financial Assets
Fixed maturities available-for-sale
Corporate debt securities	$	33,737	$	—	$	33,737	$	—
Trust preferred securities	587		—		587		—
Mortgage backed securities	8,685		—		8,685		—
Private label mortgage backed securities	7,964		—		7,964		—
Obligations of states and political subdivisions	17,516		—		17,516		—
U.S. Treasury securities and obligations of U.S.    Government corporations and agencies	7,805		7,805		—		—
Trading securities	40		40		—		—
Equity securities available-for-sale	5,132		4,303		—		829
Total Financial Assets	$	81,466	$	12,148	$	68,489	$	829
Financial Liabilities
Interest rate swap	$	1,521	$	—	$	—	$	1,521
Total Financial Liabilities	$	1,521	$	—	$	—	$	1,521

Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2011 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands):

	Fair Value Measurements at Reporting Date Using
Description	Total		Level 1		Level 2		Level 3
Financial Assets
Fixed maturities available-for-sale
Corporate debt securities	$	20,980	$	—	$	20,980	$	—
Trust preferred securities	479		—		479		—
Mortgage backed securities	7,871		—		7,871		—
Private label mortgage backed securities	9,853		—		9,853		—
Obligations of states and political subdivisions	19,482		—		19,482		—
U.S. Treasury securities and obligations of U.S.    Government corporations and agencies	14,409		14,409		—		—
Trading securities	80		80		—		—
Equity securities available-for-sale	8,547		7,905		—		642
Total Financial Assets	$	81,701	$	22,394	$	58,665	$	642
Financial Liabilities
Interest rate swap	$	1,196	$	—	$	—	$	1,196
Total Financial Liabilities	$	1,196	$	—	$	—	$	1,196

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year endedDecember 31, 2011 (in thousands):

For the year ended December 31, 2011	Equity Securities Available-for-Sale			Interest Rate Swap
Beginning balance	$	787		$	(227	)
Total gains or losses (realized and unrealized):
Included in earnings	—			—
Included in other comprehensive income	(145		)	(969		)
Purchases:	—			—
Sales:	—			—
Issuances:	—			—
Settlements:	—			—
Transfers in/(out) of Level 3	—			—
Ending balance	$	642		$	(1,196	)
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of December 31, 2011:	$	—		$	—

The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2012 (in thousands):

For the year ended December 31, 2012	Equity Securities Available-for-Sale		Interest Rate Swap
Beginning balance	$	642	$	(1,196	)
Total gains or losses (realized and unrealized):
Included in earnings	—		—
Included in other comprehensive income	44		(325		)
Purchases:	143		—
Sales:	—		—
Issuances:	—		—
Settlements:	—		—
Transfers in/(out) of Level 3	—		—
Ending balance	$	829	$	(1,521	)
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of December 31, 2012:	$	—	$	—

Schedule of Fair Value, by Balance Sheet Grouping

The carrying amount and estimate fair value of the Company’s financial instruments as of December 31, 2012 and December 31, 2011 are as follows (in thousands):

	December 31, 2012				December 31, 2011
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Assets and related instruments
Mortgage loans	$	383	$	383	$	390	$	390
Policy loans	1,317		1,317		1,244		1,244
Company owned life insurance	5,931		5,931		5,660		5,660
Other invested assets	3,777		3,777		3,929		3,929
Liabilities and related instruments
Other policyholder funds	1,417		1,417		1,408		1,408
Short-term notes payable and current portion of long-term debt	1,292		1,292		485		485
Long-term debt	25,339		25,339		12,372		12,372