|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Statement of Cash Flows [Abstract] |
|
|
| Net income (loss) |
$ 5,658 |
$ (6,671) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Depreciation expense and amortization/accretion, net |
703 |
657 |
| Decrease (increase) in cash surrender value of company owned life insurance |
73 |
(271) |
| Net realized gains on investments |
(4,439) |
(2,790) |
| Deferred income taxes |
1,573 |
(4,920) |
| Amortization of deferred policy acquisition costs |
3,613 |
3,711 |
| Change in accrued investment income |
(29) |
(82) |
| Change in reinsurance recoverable |
40 |
1,237 |
| Policy acquisition costs deferred |
(3,292) |
(3,250) |
| Change in accrued income taxes/receivable |
(302) |
1,965 |
| Change in net policy liabilities and claims |
(1,422) |
(1,838) |
| Changes in other assets/liabilities, net |
250 |
(1,462) |
| Other, net |
233 |
8 |
| Net cash provided by (used in) operating activities |
2,659 |
(13,706) |
| Cash Flows from Investing Activities: |
|
|
| Available-for-sale securities |
(21,036) |
(29,166) |
| Trading securities and short-term investments |
0 |
(40) |
| Real estate held for investment |
0 |
(32) |
| Property and equipment |
(75) |
(303) |
| Held-to-maturity securities |
689 |
1,826 |
| Available-for-sale securities |
15,281 |
31,676 |
| Trading securities and short-term investments |
0 |
83 |
| Real estate held for investment |
4,847 |
87 |
| Property and equipment |
11 |
9 |
| Other invested assets, net |
(74) |
(29) |
| Net cash provided by (used in) investing activities |
(357) |
4,111 |
| Cash Flows from Financing Activities: |
|
|
| Change in other policyholder funds |
30 |
9 |
| Change in long-term debt |
(4,450) |
14,134 |
| Change in short-term notes payable |
574 |
(360) |
| Dividends paid |
(248) |
(802) |
| Net cash provided by (used in) financing activities |
(4,094) |
12,981 |
| Net change in cash and cash equivalents |
(1,792) |
3,386 |
| Cash and cash equivalents, beginning of year |
6,779 |
3,393 |
| Cash and cash equivalents, end of year |
$ 4,987 |
$ 6,779 |