Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities:
Net income	$ 6,408	$ 4,866
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized capital gain on investments	(719)	(955)
Deferred income tax expense	(1,006)
Depreciation of property and equipment	243	249
Amortization of intangibles		21
Share-based compensation	735
Amortization of deferred policy acquisition costs	15,657	11,310
Deferral of policy acquisition costs	(18,988)	(16,494)
Net amortization of premiums and discounts on investments	631	593
Changes in assets and liabilities which provided (used) cash:
Premiums and agents' balances receivable	(48,543)	(48,894)
Reinsurance receivables / payables	415	3,531
Reinsurance recoverables on losses	527	(3,200)
Accrued investment income	164	(547)
Receivable from Federal Crop Insurance Corporation	(629)	4,264
Federal income tax recoverable / payable	(1,004)	276
Other assets	229	912
Unpaid losses and loss adjustment expenses	17,486	12,987
Unearned premiums	36,692	34,749
Accrued expenses and other liabilities	6,401	6,781
Net cash provided by operating activities	14,699	10,449
Cash flows from investing activities:
Proceeds from sales of fixed income securities	38,286	11,712
Proceeds from sales of equity securities	5,033	2,904
Purchases of fixed income securities	(48,733)	(88,151)
Purchases of equity securities	(5,559)	(19,252)
Purchases of property and equipment, net	(383)	(542)
Other	18	2
Net cash used in investing activities	(11,338)	(93,327)
Cash flows from financing activities:
Proceeds from issuance of common stock		93,145
Purchases of treasury stock		(8,037)
Loan to employee stock ownership plan		(2,400)
Net cash provided by financing activities		82,708
Net increase (decrease) in cash and cash equivalents	3,361	(170)
Cash and cash equivalents at beginning of period	27,594	18,318
Cash and cash equivalents at end of period	$ 30,955	$ 18,148