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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Net premium earned $ 7,327,855 $ 6,484,354 $ 14,292,999 $ 12,872,595
Investment income 97,853 29,891 185,176 61,158
Other income 168,881 340,321 241,095 595,752
Total Insurance Company Revenues 7,594,589 6,854,566 14,719,270 13,529,505
Gross commissions and fees 701,995 749,045 1,393,214 1,483,608
Investment income 82 206 167 283
Finance fees earned 15,208 15,951 30,981 33,371
Other income 1,817 2,000 2,258 15,112
Total Revenues 8,313,691 7,621,768 16,145,890 15,061,879
EXPENSES        
Losses and loss adjustment expenses 4,633,516 3,647,765 9,527,423 6,540,115
Policy acquisition costs 1,599,883 1,471,068 3,092,713 2,947,800
Salaries and employee benefits 1,166,206 1,271,221 2,414,113 2,553,149
Commissions to agents/brokers 44,756 54,230 89,344 98,069
Other operating expenses 686,657 775,163 1,430,661 1,614,088
Total Expenses 8,131,018 7,219,447 16,554,254 13,753,221
Income before income taxes 182,673 402,321 (408,364) 1,308,658
Income Tax Expense 70,292 132,315 (123,960) 446,869
Net Income $ 112,381 $ 270,006 $ (284,404) $ 861,789
Basic        
Earnings per share $ .02 $ .05 $ (.05) $ .16
Weighted average shares 5,339,392 5,341,147 5,340,270 5,341,147
Diluted        
Earnings per share $ .02 $ .05 $ (.05) $ .16
Weighted average shares 5,342,944 5,345,082 5,340,270 5,345,280