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Investments (Tables)
 12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities
The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available-for-sale at December 31, 2015 and 2014 were as follows (dollars in thousands):
 
December 31, 2015
 
Cost or
Amortized
Cost
Gross Unrealized
Estimated
Fair Value 
 
 
Gains
Losses
Fixed maturity securities:
 
 
 
 
U.S. Government obligations
$
5,474

$
47

$
(13
)
$
5,508

State and local government
14,391

398

(6
)
14,783

Corporate debt
39,183

84

(483
)
38,784

Commercial mortgage and asset-backed
48,165

164

(311
)
48,018

Total fixed maturity securities available for sale
107,213

693

(813
)
107,093

Equity securities:
 
 
 
 
Common stocks - Public Utilities
122

20

(1
)
141

Common stocks - Banks, Trusts and Insurance Companies
503

150

(7
)
646

Common stocks - Industrial, miscellaneous and all other
2,716

836

(99
)
3,453

Total equity securities available for sale
3,341

1,006

(107
)
4,240

Total securities available for sale
$
110,554

$
1,699

$
(920
)
$
111,333

 
December 31, 2014
 
Cost or
Amortized
Cost
Gross Unrealized
Estimated
Fair Value 
 
Gains
Losses
Fixed maturity securities:
 
 
 
 
U.S. Government obligations
$
5,872

$
85

$
(16
)
$
5,941

State and local government
10,755

210

(4
)
10,961

Corporate debt
30,818

237

(106
)
30,949

Commercial mortgage and asset-backed
36,323

348

(117
)
36,554

Total fixed maturity securities available for sale
83,768

880

(243
)
84,405

Equity securities:
 
 
 
 
Common stocks - Public Utilities
129

31

—

160

Common stocks - Banks, Trusts and Insurance Companies
512

201

(2
)
711

Common stocks - Industrial, miscellaneous and all other
2,324

926

(37
)
3,213

Total equity securities available for sale
2,965

1,158

(39
)
4,084

Total securities available for sale
$
86,733

$
2,038

$
(282
)
$
88,489
Schedule of Securities in Unrealized Loss Positions
The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): 
 
December 31, 2015
 
Less than 12 months
 
Greater than 12 months
 
Total
 
No.
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Unrealized
Losses
 
No.
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Unrealized
Losses
 
No.
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Unrealized
Losses
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Government obligations
7

$
2,580

$
(7
)
 
2

$
679

$
(6
)
 
9

$
3,259

$
(13
)
State and local government
8

2,688

(6
)
 
—

—

—

 
8

2,688

(6
)
Corporate debt
80

21,760

(438
)
 
12

3,618

(45
)
 
92

25,378

(483
)
Commercial mortgage and asset-backed
67

32,539

(258
)
 
5

2,175

(53
)
 
72

34,714

(311
)
Total fixed maturity securities available for sale
162

59,567

(709
)
 
19

6,472

(104
)
 
181

66,039

(813
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock
86

782

(72
)
 
3

79

(35
)
 
89

861

(107
)
Total equity securities available for sale
86

782

(72
)
 
3

79

(35
)
 
89

861

(107
)
Total securities
248

$
60,349

$
(781
)
 
22

$
6,551

$
(139
)
 
270

$
66,900

$
(920
)
 
December 31, 2014
 
Less than 12 months
 
Greater than 12 months
 
Total
 
No.
of
Issues
Fair Value of
Investments with
Unrealized Losses
Gross Unrealized Losses
 
No.
of
Issues
Fair Value of
Investments with
Unrealized Losses
Gross Unrealized Losses
 
No.
of
Issues
Fair Value of
Investments with
Unrealized Losses
Gross Unrealized Losses
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Government obligations
—

$
—

$
—

 
3

$
1,319

$
(16
)
 
3

$
1,319

$
(16
)
State and local government
4

552

(1
)
 
3

825

(3
)
 
7

1,377

(4
)
Corporate debt
61

18,835

(98
)
 
3

489

(8
)
 
64

19,324

(106
)
Commercial mortgage and asset-backed
23

12,060

(34
)
 
10

4,999

(83
)
 
33

17,059

(117
)
Total fixed maturity securities available for sale
88

31,447

(133
)
 
19

7,632

(110
)
 
107

39,079

(243
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock
20

347

(39
)
 
—

—

—

 
20

347

(39
)
Total equity securities available for sale
20

347

(39
)
 
—

—

—

 
20

347

(39
)
Total securities
108

$
31,794

$
(172
)
 
19

$
7,632

$
(110
)
 
127

$
39,426

$
(282
)
Summary of Investment Income
The Company’s sources of net investment income are as follows (dollars in thousands):
 
 
 December 31,
 
2015
 
2014
 
2013
Fixed maturity securities
$
2,110

 
$
1,289

 
$
1,098

Equity securities
92

 
78

 
68

Cash and short-term investments
5

 
9

 
9

Total investment income
2,207

 
1,376

 
1,175

Investment expenses
(305
)
 
(201
)
 
(175
)
Net investment income
$
1,902

 
$
1,175

 
$
1,000
Summary of Gross Realized Gains and Losses on Securities
The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale fixed maturity and equity securities, as follows (dollars in thousands):
 
 December 31,
 
2015
 
2014
 
2013
Fixed maturity securities:
 
 
 
 
 
Gross realized gains
$
92

 
$
47

 
$
278

Gross realized losses
(6
)
 
(29
)
 
(146
)
Total fixed maturity securities
86

 
18

 
132

Equity securities:
 
 
 
 
 
Gross realized gains
290

 
449

 
177

Gross realized losses
(91
)
 
(50
)
 
(10
)
Total equity securities
199

 
399

 
167

 
 
 
 
 
 
Total realized gains (losses)
$
285

 
$
417

 
$
299
Summary of Amortized Cost and Fair Value of Securities
The table below summarizes the amortized cost and fair value of available-for-sale fixed maturity securities by contractual maturity at December 31, 2015. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands):
 
Amortized
Cost
 
Estimated
Fair Value
Due in one year or less
$
6,020

 
$
6,025

Due after one year through five years
36,208

 
36,112

Due after five years through ten years
7,979

 
7,979

Due after ten years
8,841

 
8,960

Securities with contractual maturities
59,048

 
59,076

Commercial mortgage and asset backed
48,165

 
48,017

Total fixed maturity securities
$
107,213

 
$
107,093