Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets:
Cash and cash equivalents	$ 57,202	$ 50,930
Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at March 31, 2025 and December 31, 2024)	314,303	307,712
Equity securities, at fair value	25,584	24,640
Other investments	1,812	1,812
Total cash and investments	398,901	385,094
Premiums and agents' balances receivable (net of allowance for expected credit losses of $232 at March 31, 2025, and $337 at December 31, 2024)	49,220	52,907
Deferred policy acquisition costs	23,813	26,300
Reinsurance premiums receivable		746
Reinsurance recoverables on losses (net of allowance for expected credit losses of $0 at March 31, 2025 and December 31, 2024)	8,646	12,561
Income tax recoverable	5,045	7,017
Accrued investment income	2,331	2,629
Property and equipment, net	7,394	7,547
Deferred income taxes	7,255	7,324
Receivable from Federal Crop Insurance Corporation	11,474	13,223
Goodwill and other intangibles	100	100
Other assets	11,185	11,097
Total assets	525,364	526,545
Liabilities:
Unpaid losses and loss adjustment expenses	135,886	137,288
Unearned premiums	122,063	126,498
Reinsurance premiums payable	232
Accrued expenses and other liabilities	13,183	18,128
Total liabilities	271,364	281,914
Shareholders’ equity:
Common stock, $0.01 par value, authorized: 25,000,000 shares; issued: 23,000,000 shares; and outstanding: 2025 – 20,698,574 shares, 2024 – 20,673,268 shares	230	230
Additional paid-in capital	95,783	95,796
Unearned employee stock ownership plan shares	(455)	(455)
Retained earnings	207,997	201,584
Accumulated other comprehensive loss, net of income taxes	(15,671)	(18,231)
Treasury stock, at cost, 2025 – 2,255,946 shares, 2024 – 2,281,252 shares	(33,884)	(34,293)
Total shareholders’ equity	254,000	244,631
Total liabilities and shareholders’ equity	$ 525,364	$ 526,545