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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Net premiums earned $ 8,228 $ 7,512 $ 16,400 $ 15,733
Net investment income 284 127 452 242
Other income 411 254 788 517
Total revenue 8,923 7,893 17,640 16,492
Expenses:        
Net losses and loss adjustment expenses 2,383 1,838 6,014 8,474
Amortization of deferred policy acquisition costs 2,590 2,063 5,112 4,053
General and administrative expenses 2,299 1,746 4,390 3,324
Accretion of discount on Series B Preferred Shares 91 86 183 174
Total expenses 7,363 5,733 15,699 16,025
Income before income tax expense 1,560 2,160 1,941 467
Income tax expense 639 820 774 242
Net income $ 921 $ 1,340 $ 1,167 $ 225
Net earnings per common share:        
Basic (in dollars per share) $ 0.15 $ 0.22 $ 0.20 $ 0.04
Diluted (in dollars per share) $ 0.15 $ 0.22 $ 0.20 $ 0.04
Weighted average common shares outstanding:        
Basic (in shares) 5,956,766 6,097,043 5,956,766 6,104,061
Diluted (in shares) 5,956,766 6,097,043 5,956,766 6,104,061
Consolidated Statements of Comprehensive Income        
Net income $ 921 $ 1,340 $ 1,167 $ 225
Unrealized gains on investments available for sale, net of income taxes 14 93 69 321
Comprehensive income $ 935 $ 1,433 $ 1,236 $ 546