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INVESTMENTS (Tables)
 9 Months Ended
Sep. 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 September 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$5,170 $219 $8 $5,381 
Agency mortgage backed securities19,587 432 164 19,855 
Asset backed securities5,933 99 4 6,028 
Private label mortgage backed securities2,954 19 19 2,954 
Corporate bonds50,327 3,017 369 52,975 
States, municipalities and political subdivisions8,622 154 49 8,727 
Total Fixed Maturities92,593 3,940 613 95,920 
Equity securities1,761 3,076 — 4,837 
Total$94,354 $7,016 $613 $100,757 
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 $86,149 
Schedule of Held-to-Maturity Securities
The amortized cost and aggregate fair values of investments in held-to-maturity securities as of September 30, 2021 are as follows:
($ in thousands)

Held-to-maturity securities:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Agency mortgage backed securities$632 $50 $— $682 
Total$632 $50 $— $682 
The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2020 are as follows:
($ 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 $— $946 
Schedule of Amortized Cost and Aggregate Fair Value of Debt Securities, by Contractual Maturity
The amortized cost and aggregate fair value of debt securities at September 30, 2021, by contractual maturity, are presented in the following table.  Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
($ in thousands)Amortized
Cost		Fair
Value
Available-for-sale securities:
Due in one year or less$1,702 $1,725 
Due after one year through five years22,218 23,293 
Due after five years through ten years22,800 23,741 
Due after ten years45,873 47,161 
Total$92,593 $95,920 
Held-to-maturity securities:  
Due after one year through five years$10 $10 
Due after five years through ten years3 3 
Due after ten years619 669 
Total$632 $682 
Schedule of Securities with Unrealized Losses
A summary of securities available-for-sale with unrealized losses as of September 30, 2021, along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows:
($ in thousands)Less than 12 months12 months or longerTotal
September 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$1,821 $8 $— $— $1,821 $8 2
Agency mortgage backed securities8,272 164 — — 8,272 164 16
Asset backed securities2,156 4 — — 2,156 4 3
Private label mortgage backed securities2,019 19 — — 2,019 19 2
Corporate bonds8,690 369 — — 8,690 369 14
States, municipalities and political subdivisions2,225 32 789 17 3,014 49 4
 $25,183 $596 $789 $17 $25,972 $613 41

There were no securities held-to-maturity with unrealized losses as of September 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
September 30,		Nine months ended
September 30,
2021202020212020
Fixed maturities$824 $824 $2,414 $2,696 
Equity securities21 30 91 102 
Mortgage loans on real estate1 1 5 5 
Investment real estate— — — 1 
Policy loans34 36 103 108 
Other8 28 23 6 
888 919 2,636 2,918 
Less: Investment expenses36 35 113 109 
Net investment income$852 $884 $2,523 $2,809 
Schedule of Realized Investments Gains (Losses)
Major categories of investment gains (losses) are summarized as follows:
($ in thousands)Three months ended
September 30,		Nine months ended
September 30,
2021202020212020
Realized gains on fixed maturities$— $1,091 $106 $1,107 
Realized gains on equity securities— — 357 — 
Gains (losses) on trading securities— 5 13 (1)
Change in fair value of equity securities46 223 244 (272)
Change in surrender value of company owned life insurance(35)125 26 165 
Other gains (losses) principally real estate— (14)6 (11)
Net investment gains$11 $1,430 $752 $988 
Schedule of Net Change in Unrealized Appreciation
An analysis of the net change in unrealized gains (losses) on available-for-sale securities follows for the nine month periods:
($ in thousands)September 30,
2021		September 30,
2020
Fixed maturities$(1,830)$1,277 
Deferred income tax384 (268)
Change in net unrealized gains (losses) on available-for-sale securities$(1,446)$1,009