Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Debt securities, available-for-sale, at fair value (cost; $538,629 in 2015 and $450,770 in 2014) $ 531,325 $ 450,785
Equity securities, available-for-sale, at fair value (cost; $24,951 in 2015 and $25,360 in 2014) 47,504 56,444
Total investments 578,829 507,229
Cash and cash equivalents 114,446 130,985
Restricted cash 8,522 11,914
Ceded unearned premiums 65,094 53,376
Premiums receivable 83,376 71,003
Accounts receivable 2,005 3,141
Receivable for securities 10,424 932
Reinsurance recoverable 114,287 109,719
Deferred policy acquisition costs 20,366 20,746
Goodwill 44,695 44,695
Intangible assets, net 14,959 17,427
Deferred federal income taxes, net 3,360  
Federal income tax recoverable 1,779  
Prepaid expenses 3,213 1,823
Other assets 11,245 7,879
Total assets 1,076,600 980,869
LIABILITIES AND STOCKHOLDERS' EQUITY    
Revolving credit facility payable 30,000  
Subordinated debt securities 56,702 56,702
Reserves for unpaid losses and loss adjustment expenses 450,878 415,135
Unearned premiums 216,407 196,826
Reinsurance balances payable 33,741 26,403
Pension liability 2,496 2,619
Payable for securities 1,097 1,321
Federal income tax payable   968
Deferred federal income taxes, net   3,092
Accounts payable and other accrued expenses 23,253 25,766
Total liabilities 814,574 728,832
Stockholders' equity:    
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2015 and 2014 3,757 3,757
Additional paid-in capital 123,480 123,194
Retained earnings 141,501 119,638
Accumulated other comprehensive income 7,418 17,801
Treasury stock (1,775,512 shares in 2015 and 1,655,306 in 2014), at cost (14,130) (12,353)
Total stockholders equity 262,026 252,037
Liabilities and equity, total $ 1,076,600 $ 980,869