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INVESTMENTS (Tables)
 6 Months Ended
Jun. 30, 2021
Investments [Abstract]  
Schedule of Amortized Cost and Aggregate Fair Values of Investments in Available-for-Sale Securities
The amortized cost and aggregate fair values of investments in available-for-sale securities as of June 30, 2021 are as follows:
($ in thousands)

Available-for-sale securities:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
U.S. Government corporations and agencies$5,169 $242 $3 $5,408 
Agency mortgage backed securities20,718 530 154 21,094 
Asset backed securities6,076 137 — 6,213 
Private label mortgage backed securities1,931 46 6 1,971 
Corporate bonds47,747 3,211 270 50,688 
States, municipalities and political subdivisions8,621 174 55 8,740 
Total Fixed Maturities90,262 4,340 488 94,114 
Equity securities1,761 3,029 — 4,790 
Total$92,023 $7,369 $488 $98,904 
The amortized cost and aggregate fair values of investments in available-for-sale securities as of December 31, 2020 are as follows:

($ in thousands)

Available-for-sale securities:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
U.S. Government corporations and agencies$4,300 $323 $9 $4,614 
Agency mortgage backed securities19,773 919 63 20,629 
Asset backed securities8,233 137 27 8,343 
Private label mortgage backed securities1,418 50 55 1,413 
Corporate bonds35,930 3,771 50 39,651 
States, municipalities and political subdivisions6,587 189 27 6,749 
Total Fixed Maturities76,241 5,389 231 81,399 
Equity securities1,918 2,832 — 4,750 
Total$78,159 $8,221 $231 $86,149 
Schedule of Held-to-Maturity Securities
The amortized cost and aggregate fair values of investments in held-to-maturity securities as of June 30, 2021 are as follows:
($ in thousands)

Held-to-maturity securities:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Agency mortgage backed securities$697 $57 $— $754 
Total$697 $57 $— $754 
The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2020 are as follows:
($ in thousands)

Held-to-maturity securities:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Agency mortgage backed securities$873 $73 $— $946 
Total$873 $73 $— $946 
Schedule of Amortized Cost and Aggregate Fair Value of Debt Securities, by Contractual Maturity
The amortized cost and aggregate fair value of debt securities at June 30, 2021, by contractual maturity, are presented in the following table.  Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
($ in thousands)Amortized
Cost		Fair
Value
Available-for-sale securities:
Due in one year or less$1,204 $1,226 
Due after one year through five years20,913 21,993 
Due after five years through ten years24,563 25,654 
Due after ten years43,582 45,241 
Total$90,262 $94,114 
Held-to-maturity securities:  
Due after one year through five years$12 $12 
Due after five years through ten years3 4 
Due after ten years682 738 
Total$697 $754 
Schedule of Securities with Unrealized Losses
A summary of securities available-for-sale with unrealized losses as of June 30, 2021, along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows:
($ in thousands)Less than 12 months12 months or longerTotal
June 30, 2021Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Total
Securities in a Loss Position
U.S. Government corporations and agencies$854 $3 $— $— $854 $3 1
Agency mortgage backed securities8,264 154 — — 8,264 154 14
Private label mortgage backed securities1,002 6 — — 1,002 6 1
Corporate bonds7,243 269 499 1 7,742 270 13
States, municipalities and political subdivisions3,009 55 — — 3,009 55 4
 $20,372 $487 $499 $1 $20,871 $488 33

There were no securities held-to-maturity with unrealized losses as of June 30, 2021.

A summary of securities available-for-sale with unrealized losses as of December 31, 2020, along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows:
($ in thousands)Less than 12 months12 months or longerTotal
December 31, 2020Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Total
Securities in a Loss Position
U.S. Government corporations and agencies$666 $9 $— $— $666 $9 1
Agency mortgage backed securities2,264 56 2 7 2,266 63 8
Asset backed securities1,737 27 — — 1,737 27 2
Private label mortgage backed securities891 55 — — 891 55 1
Corporate bonds2,467 45 495 5 2,962 50 5
States, municipalities and political subdivisions1,713 27 — — 1,713 27 3
 $9,738 $219 $497 $12 $10,235 $231 20

There were no securities held-to-maturity with unrealized losses as of December 31, 2020.
Summary of Major Categories of Investment Income
Major categories of investment income are summarized as follows:
($ in thousands)Three months ended
June 30,		Six months ended
June 30,
2021202020212020
Fixed maturities$833 $956 $1,590 $1,872 
Equity securities21 31 70 72 
Mortgage loans on real estate2 2 4 4 
Investment real estate— — — 1 
Policy loans35 36 69 72 
Other13 (26)15 (22)
904 999 1,748 1,999 
Less: Investment expenses37 38 77 74 
Net investment income$867 $961 $1,671 $1,925 
Schedule of Realized Investments Gains (Losses)
Major categories of investment gains (losses) are summarized as follows:
($ in thousands)Three months ended
June 30,		Six months ended
June 30,
2021202020212020
Realized gains on fixed maturities$106 $133 $106 $16 
Realized gains on equity securities— — 357 — 
Gains on trading securities6 19 13 (6)
Change in fair value of equity securities195 104 198 (495)
Change in surrender value of company owned life insurance118 291 61 40 
Other gains principally real estate6 1 6 3 
Net investment gains (losses)$431 $548 $741 $(442)
Schedule of Net Change in Unrealized Appreciation
An analysis of the net change in unrealized gains (losses) on available-for-sale securities follows for the six month periods:
($ in thousands)June 30,
2021		June 30,
2020
Fixed maturities$(1,305)$1,892 
Deferred income tax274 (397)
Change in net unrealized gains on available-for-sale securities$(1,031)$1,495