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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents $ 10,247 $ 9,458
Restricted cash 7,505 5,547
Investments    
Fixed income securities, held-to-maturity 3,122 4,314
Investments in related parties 10,834 11,100
Accounts receivable 136 106
Interest and dividend receivables 293 335
Prepaid expenses 223 301
Property, plant and equipment, net 120 156
Lease assets 582 698
Goodwill 6,492 6,492
Intangible assets, net 267 342
Other assets 803 1,254
Total assets 41,904 41,103
LIABILITIES    
Accounts payable 400 167
Accrued salaries, wages and benefits 350 169
Escrow liabilities 7,454 5,497
Other accrued expenses 344 525
Reserve for title claims 313 287
Unearned premiums 0 300
Lease liabilities 590 703
Other liabilities 32 29
Total liabilities 9,483 7,677
STOCKHOLDERS’ EQUITY    
Common stock, $0.02 par value, 35,000,000 shares authorized as of December 31, 2023 and 2022, respectively; 2,861,547 and 2,870,332 shares issued as of December 31, 2023 and 2022, respectively, and 2,861,547 and 2,870,332 shares outstanding as of December 31, 2023 and 2022, respectively. 53 54
Additional paid-in capital 30,491 30,491
Retained earnings 1,894 2,777
Total stockholders’ equity 32,438 33,322
Noncontrolling interests (17) 104
Total equity 32,421 33,426
Total liabilities and stockholders’ equity 41,904 41,103
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]    
Investments    
Investments in limited partnerships [1] $ 1,280 $ 1,000
[1] As of December 31, 2023, there are no unfunded commitments related to the investment in limited partnership. This limited partnership invests in property catastrophe risk through customized reinsurance solutions. The underlying assets of the limited partnership are one year or less in duration and the Company’s proceeds may be redeemed or reinvested annually. Changes in net asset value of the investment in limited partnership are included in "Net investment income" on the Company’s Consolidated Statements of Operations.