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Investments (Tables)
 9 Months Ended
Sep. 30, 2016
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 September 30, 2016 and December 31, 2015 were as follows (dollars in thousands):
 
September 30, 2016
 
Cost or
Amortized
Cost
Gross Unrealized
Estimated
Fair Value 
 
 
Gains
Losses
Fixed Maturity Securities:
 
 
 
 
U.S. Government obligations
$
5,862

$
55

$
(1
)
$
5,916

State and local government
11,472

469

(10
)
11,931

Corporate debt
34,261

441

(33
)
34,669

Commercial mortgage-backed and other asset-backed
60,665

671

(11
)
61,325

Total fixed maturity securities available for sale
112,260

1,636

(55
)
113,841

Equity Securities:
 
 
 
 
Common stocks - Public Utilities
172

37

—

209

Common stocks - Banks, Trusts and Insurance Companies
455

164

(1
)
618

Common stocks - Industrial, miscellaneous and all other
2,744

963

(34
)
3,673

Total equity securities available for sale
3,371

1,164

(35
)
4,500

Total securities available for sale
$
115,631

$
2,800

$
(90
)
$
118,341

 
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-backed and other 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
Schedule of 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): 
 
September 30, 2016
 
Less than 12 months
 
Greater than 12 months
 
Total
 
#
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Un realized
Losses
 
#
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Un realized
Losses
 
#
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Un realized
Losses
Fixed Maturity Securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Government obligations
5

$
1,569

$
(1
)
 
—

$
—

$
—

 
5

$
1,569

$
(1
)
State and local government
3

540

(10
)
 
—

—

—

 
3

540

(10
)
Corporate debt
7

2,275

(10
)
 
9

3,989

(23
)
 
16

6,264

(33
)
Commercial mortgage and asset-backed
7

2,206

(8
)
 
5

998

(3
)
 
12

3,204

(11
)
Total fixed maturity securities available for sale
22

6,590

(29
)
 
14

4,987

(26
)
 
36

11,577

(55
)
Equity Securities:
 
 
 
 
 
 
 
 
 
 
 
Common stocks
22

338

(24
)
 
5

189

(11
)
 
27

527

(35
)
Total equity securities available for sale
22

338

(24
)
 
5

189

(11
)
 
27

527

(35
)
Total securities
44

$
6,928

$
(53
)
 
19

$
5,176

$
(37
)
 
63

$
12,104

$
(90
)
 
December 31, 2015
 
Less than 12 months
 
Greater than 12 months
 
Total
 
#
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Un realized
Losses
 
#
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Un realized
Losses
 
#
of
Issues
Fair Value of
Investments
with Unrealized
Losses
Gross
Un realized
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
)
Schedule of Investment Income
The Company’s sources of net investment income are as follows (dollars in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Fixed maturity securities
$
616

 
$
551

 
$
1,772

 
$
1,614

Equity securities
23

 
24

 
75

 
69

Cash and short-term investments
7

 
—

 
13

 
4

Total investment income
646

 
575

 
1,860

 
1,687

Investment expenses
(86
)
 
(70
)
 
(235
)
 
(227
)
Net investment income
$
560

 
$
505

 
$
1,625

 
$
1,460
Schedule 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 (dollars in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Fixed maturity securities:
 
 
 
 
 
 
 
Gross realized gains
$
7

 
$
6

 
$
524

 
$
74

Gross realized losses
—

 
(1
)
 
(22
)
 
(5
)
Total fixed maturity securities
7

 
5

 
502

 
69

Equity securities:
 
 
 
 
 
 
 
Gross realized gains
79

 
30

 
230

 
233

Gross realized losses
(15
)
 
(29
)
 
(128
)
 
(64
)
Total equity securities
64

 
1

 
102

 
169

Total realized gains
$
71

 
$
6

 
$
604

 
$
238
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 September 30, 2016. 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
$
8,237

 
$
8,241

Due after one year through five years
30,306

 
30,644

Due after five years through ten years
6,672

 
7,067

Due after ten years
6,380

 
6,564

Securities with contractual maturities
51,595

 
52,516

Commercial mortgage and asset backed
60,665

 
61,325

Total Fixed maturity securities
$
112,260

 
$
113,841