XML 39 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Statement of Cash Flows [Abstract]    
Net income $ 1,308us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 999us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense and amortization/accretion, net 79us-gaap_DepreciationAmortizationAndAccretionNet 134us-gaap_DepreciationAmortizationAndAccretionNet
Increase in cash surrender value of company owned life insurance (44)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (30)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
Net realized gains on investments (142)us-gaap_RealizedInvestmentGainsLosses (88)us-gaap_RealizedInvestmentGainsLosses
Deferred income taxes 7us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 196us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Amortization of deferred policy acquisition costs 899us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 898us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Change in accrued investment income (45)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (19)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
Change in reinsurance recoverable (571)us-gaap_IncreaseDecreaseInReinsuranceRecoverable 223us-gaap_IncreaseDecreaseInReinsuranceRecoverable
Policy acquisition costs deferred (893)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (856)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Change in accrued income taxes 5us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 38us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Change in net policy liabilities and claims 1,075us-gaap_IncreaseDecreaseInInsuranceLiabilities 1,066us-gaap_IncreaseDecreaseInInsuranceLiabilities
Changes in other assets/liabilities, net 1,247us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (71)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Other, net 8us-gaap_OtherNoncashIncomeExpense 8us-gaap_OtherNoncashIncomeExpense
Net cash provided by operating activities 2,933us-gaap_NetCashProvidedByUsedInOperatingActivities 2,498us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:    
Available-for-sale securities (7,582)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (2,707)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Property and equipment (69)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Held-to-maturity securities 346us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 39us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Available-for-sale securities 5,256us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 2,370us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Property and equipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 3us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Other invested assets, net 383us-gaap_PaymentsForProceedsFromOtherInvestingActivities 34us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (1,666)us-gaap_NetCashProvidedByUsedInInvestingActivities (265)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:    
Change in other policyholder funds 15us-gaap_IncreaseDecreaseInOtherPolicyholderFunds 19us-gaap_IncreaseDecreaseInOtherPolicyholderFunds
Proceeds from long-term debt 0us-gaap_ProceedsFromLongTermLinesOfCredit 275us-gaap_ProceedsFromLongTermLinesOfCredit
Repayments of long-term debt (500)us-gaap_RepaymentsOfLongTermDebt 0us-gaap_RepaymentsOfLongTermDebt
Change in short-term notes payable 0us-gaap_ProceedsFromRepaymentsOfShortTermDebt (700)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Dividends paid (100)us-gaap_PaymentsOfDividendsCommonStock (75)us-gaap_PaymentsOfDividendsCommonStock
Net cash used in financing activities (585)us-gaap_NetCashProvidedByUsedInFinancingActivities (481)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents 682us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,752us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 6,426us-gaap_CashAndCashEquivalentsAtCarryingValue 4,987us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year $ 7,108us-gaap_CashAndCashEquivalentsAtCarryingValue $ 6,739us-gaap_CashAndCashEquivalentsAtCarryingValue