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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Insurance premiums $ 38,104 $ 38,456 $ 75,490 $ 76,874
Investment income 2,494 2,599 5,091 5,197
Realized investment gains, net 4,148 485 5,099 593
Other income 26 46 41 82
Total revenue 44,772 41,586 85,721 82,746
Benefits and expenses:        
Insurance benefits and losses incurred 26,383 27,069 51,624 53,897
Commissions and underwriting expenses 10,487 10,074 21,208 19,981
Interest expense 354 434 703 863
Other expense 3,359 3,023 6,987 6,026
Total benefits and expenses 40,583 40,600 80,522 80,767
Income before income taxes 4,189 986 5,199 1,979
Income tax expense 844 109 1,163 282
Net income 3,345 877 4,036 1,697
Preferred stock dividends (100) (118) (199) (236)
Net income applicable to common shareholders $ 3,245 $ 759 $ 3,837 $ 1,461
Earnings per common share (basic) (in dollars per share) $ 0.16 $ 0.04 $ 0.19 $ 0.07
Earnings per common share (diluted) (in dollars per share) $ 0.15 $ 0.04 $ 0.18 $ 0.07