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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Insurance premiums $ 37,859 $ 38,337 $ 113,349 $ 115,211
Investment income 2,456 2,678 7,547 7,875
Realized investment gains, net 7 848 5,106 1,441
Other income 37 793 78 875
Total revenue 40,359 42,656 126,080 125,402
Benefits and expenses:        
Insurance benefits and losses incurred 24,637 27,094 76,261 80,991
Commissions and underwriting expenses 11,816 10,238 33,024 30,219
Interest expense 361 388 1,064 1,251
Other expense 3,180 3,349 10,167 9,375
Total benefits and expenses 39,994 41,069 120,516 121,836
Income before income taxes 365 1,587 5,564 3,566
Income tax expense 127 136 1,290 418
Net income 238 1,451 4,274 3,148
Preferred stock dividends (100) (117) (299) (353)
Net income applicable to common shareholders $ 138 $ 1,334 $ 3,975 $ 2,795
Earnings per common share (basic and diluted) (in dollars per share) $ 0.01 $ 0.06 $ 0.19 $ 0.13