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Fair Value of Financial Assets and Financial Liabilities (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Fair Value Disclosures [Abstract] |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands): | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | Description | | Total | | Level 1 | | Level 2 | | Level 3 | Financial Assets | | | | | | | | | Fixed maturities available-for-sale | | | | | | | | | Corporate debt securities | | $ | 33,737 |
| | $ | — |
| | $ | 33,737 |
| | $ | — |
| Trust preferred securities | | 587 |
| | — |
| | 587 |
| | — |
| Mortgage backed securities | | 8,685 |
| | — |
| | 8,685 |
| | — |
| Private label mortgage backed securities | | 7,964 |
| | — |
| | 7,964 |
| | — |
| Obligations of states and political subdivisions | | 17,516 |
| | — |
| | 17,516 |
| | — |
| U.S. Treasury securities and obligations of U.S. Government corporations and agencies | | 7,805 |
| | 7,805 |
| | — |
| | — |
| Trading securities | | 40 |
| | 40 |
| | — |
| | — |
| Equity securities available-for-sale | | 5,132 |
| | 4,303 |
| | — |
| | 829 |
| Total Financial Assets | | $ | 81,466 |
| | $ | 12,148 |
| | $ | 68,489 |
| | $ | 829 |
| Financial Liabilities | | |
| | |
| | |
| | |
| Interest rate swap | | $ | 1,521 |
| | $ | — |
| | $ | — |
| | $ | 1,521 |
| Total Financial Liabilities | | $ | 1,521 |
| | $ | — |
| | $ | — |
| | $ | 1,521 |
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Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 are summarized in the following table by the type of inputs applicable to the fair value measurements (unaudited) (in thousands): | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | Description | | Total | | Level 1 | | Level 2 | | Level 3 | Financial Assets | | | | | | | | | Fixed maturities available-for-sale | | | | | | | | | Corporate debt securities | | $ | 36,816 |
| | $ | — |
| | $ | 36,816 |
| | $ | — |
| Trust preferred securities | | 571 |
| | — |
| | 571 |
| | — |
| Mortgage backed securities | | 7,140 |
| | — |
| | 7,140 |
| | — |
| Private label mortgage backed securities | | 2,186 |
| | — |
| | 2,186 |
| | — |
| Obligations of states and political subdivisions | | 16,741 |
| | — |
| | 16,741 |
| | — |
| U.S. Treasury securities and obligations of U.S. Government corporations and agencies | | 15,980 |
| | 15,980 |
| | — |
| | — |
| Trading securities | | 19 |
| | 19 |
| | — |
| | — |
| Equity securities available-for-sale | | 4,374 |
| | 3,499 |
| | — |
| | 875 |
| Total Financial Assets | | $ | 83,827 |
| | $ | 19,498 |
| | $ | 63,454 |
| | $ | 875 |
| Financial Liabilities | |
| | |
| | |
| | |
| Interest rate swap | | $ | 897 |
| | $ | — |
| | $ | — |
| | $ | 897 |
| Total Financial Liabilities | | $ | 897 |
| | $ | — |
| | $ | — |
| | $ | 897 |
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| Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation |
The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2013 (in thousands):
| | | | | | | | | | For the year ended December 31, 2013 | | Equity Securities Available-for-Sale | | Interest Rate Swap | Beginning balance | | $ | 829 |
| | $ | (1,521 | ) | Total gains or losses (realized and unrealized): | | |
| | |
| Included in earnings | | — |
| | — |
| Included in other comprehensive income | | 46 |
| | 624 |
| Purchases: | | — |
| | — |
| Sales: | | — |
| | — |
| Issuances: | | — |
| | — |
| Settlements: | | — |
| | — |
| Transfers in/(out) of Level 3 | | — |
| | — |
| Ending balance | | $ | 875 |
| | $ | (897 | ) | The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of December 31, 2013: | | $ | — |
| | $ | — |
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The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2012 (in thousands): | | | | | | | | | | For the year ended December 31, 2012 | | Equity Securities Available-for-Sale | | Interest Rate Swap | Beginning balance | | $ | 642 |
| | $ | (1,196 | ) | Total gains or losses (realized and unrealized): | | |
| | |
| Included in earnings | | — |
| | — |
| Included in other comprehensive income | | 44 |
| | (325 | ) | Purchases: | | 143 |
| | — |
| Sales: | | — |
| | — |
| Issuances: | | — |
| | — |
| Settlements: | | — |
| | — |
| Transfers in/(out) of Level 3 | | — |
| | — |
| Ending balance | | $ | 829 |
| | $ | (1,521 | ) | The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of December 31, 2012: | | $ | — |
| | $ | — |
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| Schedule of Fair Value, by Balance Sheet Grouping |
The carrying amount and estimate fair value of the Company’s financial instruments as of December 31, 2013 and December 31, 2012 are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | December 31, 2013 | | December 31, 2012 | | | Carrying Value | | Estimated Fair Value | | Carrying Value | | Estimated Fair Value | Assets and related instruments | | | | | | | | | Mortgage loans | | $ | 333 |
| | $ | 333 |
| | $ | 383 |
| | $ | 383 |
| Policy loans | | 1,443 |
| | 1,443 |
| | 1,317 |
| | 1,317 |
| Company owned life insurance | | 5,858 |
| | 5,858 |
| | 5,931 |
| | 5,931 |
| Other invested assets | | 3,559 |
| | 3,559 |
| | 3,777 |
| | 3,777 |
| | | | | | | | | | Liabilities and related instruments | | |
| | |
| | |
| | |
| Other policyholder funds | | 1,447 |
| | 1,447 |
| | 1,417 |
| | 1,417 |
| Short-term notes payable and current portion of long-term debt | | 1,866 |
| | 1,866 |
| | 1,292 |
| | 1,292 |
| Long-term debt | | 20,889 |
| | 20,889 |
| | 25,339 |
| | 25,339 |
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