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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Realized Investment Gains (Losses)     $ (8,371) $ 8,371
Gain (Loss) on Investments $ 0   0  
REVENUES:        
Other Revenue, Net (742) $ (117) (1,031) (272)
Total revenues 15,603 17,484 32,819 35,803
EXPENSES:        
Employee compensation and benefits 9,133 10,237 19,467 21,785
Sales and marketing 509 370 991 600
Westwood mutual funds 601 368 1,197 759
Information technology 1,935 2,261 3,764 4,253
Professional services 1,475 1,428 2,995 2,745
General and administrative 2,348 2,042 4,388 4,114
Total expenses 16,001 16,706 32,802 34,256
Operating Income (Loss) (398) 778 17 1,547
Net change in unrealized appreciation (depreciation) on private investments (299) 215 (262) (2,111)
Gain on sale of operations     (11) 431
Other Income 234 142 392 192
Income (loss) before income taxes (458) 1,416 136 8,430
Income tax provision (80) 446 464 3,359
Net income (loss) (378) 970 (328) 5,071
Other comprehensive income (loss):        
Total comprehensive income (loss) $ (378) $ 970 $ (328) $ 5,071
Earnings (loss) per share:        
Basic (dollars per share) $ (0.05) $ 0.12 $ (0.04) $ 0.64
Diluted (dollars per share) $ (0.05) $ 0.12 $ (0.04) $ 0.64
Weighted average shares outstanding:        
Basic (shares) 7,944,212 7,884,771 7,904,911 7,885,901
Diluted (shares) 7,944,212 7,928,106 7,904,911 7,922,742
Investment Income, Investment Expense     $ 5 $ 235
Asset Management [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 10,980 $ 11,385 22,770 21,835
Investment Performance [Member]        
Revenue from Contract with Customer, Including Assessed Tax 0 0 0 1,959
Fiduciary and Trust [Member]        
Revenue from Contract with Customer, Including Assessed Tax $ 5,365 $ 6,216 $ 11,080 $ 12,281