CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 23,921	$ 28,863
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost: $237,213 and $236,766; no allowance for credit losses)	203,068	208,729
Equity securities, at fair value (cost: $4,936 and $4,907)	8,224	11,562
Other invested assets (cost: $6,982 and $5,628)	6,398	5,386
Policy loans	1,822	1,759
Real estate	38	38
Investment in unconsolidated trusts	1,238	1,238
Total investments	220,788	228,712
Receivables:
Reinsurance (net of allowance for uncollectible reinsurance of $64 and $0)	21,839	25,913
Insurance premiums and other (net of allowance for expected credit losses $191 and net of allowance for doubtful accounts $177)	24,687	15,386
Deferred income taxes, net	17,156	14,163
Deferred acquisition costs	41,926	42,281
Other assets	8,759	9,202
Intangibles	2,544	2,544
Total assets	361,620	367,064
Insurance reserves and policyholder funds:
Future policy benefits	84,851	85,564
Unearned premiums	30,642	28,348
Losses and claims	85,679	87,484
Other policy liabilities	816	1,255
Total insurance reserves and policyholder funds	201,988	202,651
Accounts payable and accrued expenses	24,129	26,473
Revolving credit facility	3,019	2,009
Junior subordinated debenture obligations, net	33,738	33,738
Total liabilities	262,874	264,871
Commitments and contingencies (Note 11)
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: 20,402,288 and 20,407,229	22,401	22,401
Additional paid-in capital	57,425	57,425
Retained earnings	53,257	51,982
Accumulated other comprehensive income	(26,975)	(22,149)
Unearned stock grant compensation	(16)	(132)
Treasury stock, at cost: 1,998,606 and 1,993,665 shares	(7,401)	(7,389)
Total shareholders' equity	98,746	102,193
Total liabilities and shareholders' equity	$ 361,620	$ 367,064