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Unaudited Selected Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2013
Unaudited Selected Quarterly Financial Information [Abstract]  
Schedule of Quarterly Financial Information

Following is a summary of the unaudited interim results of operations for the years ended December 31, 2013 and 2012 (in thousands, except per share data). In the opinion of management, all adjustments necessary to present fairly the results of operations for such periods have been made.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2012

 

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

93,141

 

 

$

99,299

 

 

$

108,613

 

 

$

88,375

 

 

$

82,986

 

 

$

84,571

 

 

$

85,620

 

 

$

88,623

 

Total expense

 

 

90,978

 

 

 

104,616

 

 

 

99,141

 

 

 

83,613

 

 

 

82,769

 

 

 

88,722

 

 

 

80,599

 

 

 

86,336

 

Income (loss) before tax

 

 

2,163

 

 

 

(5,317

)

 

 

9,472

 

 

 

4,762

 

 

 

217

 

 

 

(4,151

)

 

 

5,021

 

 

 

2,287

 

Income tax expense (benefit)

 

 

469

 

 

 

(2,166

)

 

 

3,198

 

 

 

1,334

 

 

 

23

 

 

 

(2,351

)

 

 

1,350

 

 

 

504

 

Net income (loss)

 

 

1,694

 

 

 

(3,151

)

 

 

6,274

 

 

 

3,428

 

 

 

194

 

 

 

(1,800

)

 

 

3,671

 

 

 

1,783

 

Net income attributable to non-controlling interest

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

23

 

 

 

43

 

 

 

258

 

 

 

-

 

Net income (loss) attributable to Hallmark Financial Services, Inc.

 

$

1,694

 

 

 

(3,151

)

 

$

6,274

 

 

$

3,428

 

 

$

171

 

 

$

(1,843

)

 

$

3,413

 

 

$

1,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

$

0.09

 

 

$

(0.16

)

 

$

0.33

 

 

$

0.18

 

 

$

0.01

 

 

$

(0.10

)

 

$

0.18

 

 

$

0.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

$

0.09

 

 

$

(0.16

)

 

$

0.32

 

 

$

0.18

 

 

$

0.01

 

 

$

(0.10

)

 

$

0.18

 

 

$

0.09