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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Dec. 31, 2016
Available for sale securities, at fair value        
Fixed maturity securities (amortized cost - $89,975,510 at 6/30/2018 and $87,773,047 at 12/31/2017) $ 89,694,843 [1] $ 89,605,073    
Available-for-sale 12,972,786 12,401,538    
Other invested assets [1] 139,200      
Property held for investment, at cost, net of accumulated depreciation of $172,791 at 6/30/2018 and $50,948 at 12/31/2017 3,112,608 [1] 3,126,566    
Cash and cash equivalents 4,055,577 [1] 6,876,519    
Total investments and cash 109,975,014 [1] 112,009,696    
Accrued investment income 668,230 [1] 687,453    
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $50,000 at 6/30/2018 and 12/31/2017 21,433,743 [1] 19,013,262    
Ceded unearned premiums 685,736 [1] 274,972    
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $0 at 6/30/2018 and 12/31/2017 8,287,587 [1] 10,029,834 $ 9,750,000 $ 12,115,000
Federal income taxes 1,552,037 [1] 922,405    
Deferred policy acquisition costs, net 5,090,527 [1] 4,592,415    
Property and equipment, at cost, net of accumulated depreciation of $4,815,812 at 6/30/2018 and $4,896,042 at 12/31/2017 3,474,335 [1] 3,503,904    
Other assets 1,298,764 [1] 1,301,420    
Total assets 152,465,973 [1] 152,335,361    
Liabilities:        
Unpaid losses and settlement expenses 51,387,881 [1] 51,074,126 $ 49,691,000 $ 52,817,000
Unearned premiums 29,298,437 [1] 26,555,582    
Reinsurance balances payable 943,686 [1] 327,483    
Corporate debt 3,489,056 [1] 4,339,208    
Accrued expenses 3,256,084 [1] 4,274,002    
Other liabilities 1,922,410 [1] 1,663,415    
Total liabilities 90,297,554 [1] 88,233,816    
Equity:        
Common stock [2] 35,000 [1] 35,000    
Additional paid-in capital 32,418,807 [1] 32,333,290    
Accumulated other comprehensive (loss) earnings, net of tax (375,404) [1] 2,227,069    
Retained earnings 33,254,695 [1] 32,787,406    
Less: Unearned Employee Stock Ownership Plan shares at cost [3] (3,164,679) [1] (3,281,220)    
Total equity 62,168,419 [1] 64,101,545    
Total liabilities and equity 152,465,973 [1] 152,335,361    
Common Stocks [Member]        
Available for sale securities, at fair value        
Available-for-sale [4] 12,907,136 [1] 8,534,109    
Preferred Stocks [Member]        
Available for sale securities, at fair value        
Available-for-sale $ 65,650 [1] $ 3,867,429    
[1] As restated
[2] Par value $0.01; authorized: 2018 - 10,000,000 shares and 2017 - 10,000,000 shares; issued: 2018 - 3,500,000 shares and 2017 - 3,500,000 shares; outstanding: 2018 - 3,183,532 and 2017 - 3,171,878 shares.
[3] 2018 -316,468 shares and 2017 - 328,122 shares
[4] At June 30, 2018, common stock securities consist entirely of individual common stocks. At December 31, 2017, common stock consisted of exchange trade funds (ETF) made up primarily of Dividends Select and the S&P 500.