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

12 Months Ended

Dec. 31, 2014

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

Summary of Investments, Other than Investments in Related Parties [Text Block]



THE NATIONAL SECURITY GROUP, INC. (dollars in thousands)
	December 31, 2014						December 31, 2013

	Cost		Fair Value		Amount per the Balance Sheet		Cost		Fair Value		Amount per the Balance Sheet
Securities Held-to-Maturity:
United States government	$	290	$	295	$	290	$	106	$	113	$	106
States, municipalities and political subdivisions	—		—		—		—		—		—
Mortgage backed securities	2,818		2,887		2,818		706		740		706
Private label mortgage backed securities	—		—		—		—		—		—
Industrial and Miscellaneous	—		—		—		—		—		—
Total Securities Held-to-Maturity	3,108		3,182		3,108		812		853		812
Securities Available-for-Sale:
Equity Securities:
Banks and insurance companies	1,116		1,286		1,286		1,364		1,409		1,409
Industrial and all other	1,304		3,709		3,709		1,056		2,965		2,965
Total equity securities	2,420		4,995		4,995		2,420		4,374		4,374
Debt Securities:
United States government	17,854		18,272		18,272		16,519		15,980		15,980
States, municipalities and political subdivisions	14,919		15,899		15,899		16,412		16,741		16,741
Mortgage backed securities	12,691		12,752		12,752		7,622		7,140		7,140
Private label mortgage backed securities	1,261		1,296		1,296		2,152		2,186		2,186
Trust preferred securities	—		—		—		538		571		571
Industrial and Miscellaneous	37,299		38,667		38,667		35,831		36,816		36,816
Total Debt Securities	84,024		86,886		86,886		79,074		79,434		79,434
Total Available-for-Sale	86,444		91,881		91,881		81,494		83,808		83,808
Total Securities	89,552		95,063		94,989		82,306		84,661		84,620
Trading securities	19		19		19		19		19		19
Mortgage loans on real estate	210		210		210		333		333		333
Investment real estate	3,735		3,735		3,735		4,218		4,218		4,218
Policy loans	1,530		1,530		1,530		1,443		1,443		1,443
Company owned life insurance	4,652		5,513		5,513		5,000		5,858		5,858
Other invested assets	3,553		3,553		3,553		3,559		3,559		3,559
Total investments	$	103,251	$	109,623	$	109,549	$	96,878	$	100,091	$	100,050

- 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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