Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets:
Cash and cash equivalents	$ 56,784	$ 50,930
Fixed income securities, at fair value (net of allowance for expected credit losses of $0 at June 30, 2025 and December 31, 2024)	322,113	307,712
Equity securities, at fair value	25,388	24,640
Other investments	1,812	1,812
Total cash and investments	406,097	385,094
Premiums and agents' balances receivable (net of allowance for expected credit losses of $313 at June 30, 2025 and $337 at December 31, 2024)	85,604	52,907
Deferred policy acquisition costs	26,320	26,300
Reinsurance premiums receivable		746
Reinsurance recoverables on losses (net of allowance for expected credit losses of $0 at June 30, 2025 and December 31, 2024)	51,278	12,561
Income tax recoverable	10,399	7,017
Accrued investment income	2,698	2,629
Property and equipment, net	7,375	7,547
Deferred income taxes	7,690	7,324
Receivable from Federal Crop Insurance Corporation	11,332	13,223
Goodwill and other intangibles	100	100
Other assets	11,158	11,097
Total assets	620,051	526,545
Liabilities:
Unpaid losses and loss adjustment expenses	203,530	137,288
Unearned premiums	142,889	126,498
Reinsurance premiums payable	6,857
Accrued expenses and other liabilities	23,452	18,128
Total liabilities	376,728	281,914
Shareholders’ equity:
Common stock, $0.01 par value, authorized: 25,000,000 shares; issued: 23,000,000 shares; and outstanding: 2025 – 20,713,358 shares, 2024 – 20,673,268 shares	230	230
Additional paid-in capital	95,824	95,796
Unearned employee stock ownership plan shares	(455)	(455)
Retained earnings	195,912	201,584
Accumulated other comprehensive loss, net of income taxes	(14,536)	(18,231)
Treasury stock, at cost, 2025 – 2,241,162 shares, 2024 – 2,281,252 shares	(33,652)	(34,293)
Total shareholders’ equity	243,323	244,631
Total liabilities and shareholders’ equity	$ 620,051	$ 526,545