CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 10,678	$ 13,252
Investments:
Fixed maturities (cost: $207,660 and $210,505)	208,041	210,670
Common and non-redeemable preferred stocks (cost: $11,453 and $11,453)	23,401	20,257
Other invested assets (cost: $9,542 and $9,709)	9,542	9,709
Policy loans	2,181	2,265
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	244,441	244,177
Receivables:
Reinsurance	12,299	11,703
Insurance premiums and other (net of allowance for doubtful accounts: $260 and $280)	7,184	12,581
Deferred income taxes, net	0	160
Deferred acquisition costs	30,612	28,975
Other assets	5,156	5,208
Intangibles	2,544	2,544
Total assets	312,914	318,600
LIABILITIES AND SHAREHOLDERS' EQUITY
Future policy benefits	76,099	74,843
Unearned premiums	16,895	23,208
Losses and claims	63,760	62,562
Other policy liabilities	1,649	2,066
Total insurance reserves and policyholder funds	158,403	162,679
Accounts payable and accrued expenses	12,903	16,677
Deferred income taxes, net	889	0
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	205,933	213,094
Commitments and contingencies (Note 9)
Shareholders' equity:
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 55,000 shares issued and outstanding; $5,500 redemption value	55	55
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894; shares outstanding: 20,422,071 and 20,446,705	22,401	22,401
Additional paid-in capital	57,119	57,114
Retained earnings	26,544	27,272
Accumulated other comprehensive income	8,014	5,830
Unearned stock grant compensation	(312)	(428)
Treasury stock, at cost: 1,978,823 and 1,954,189 shares	(6,840)	(6,738)
Total shareholders' equity	106,981	105,506
Total liabilities and shareholders' equity	$ 312,914	$ 318,600