Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Debt securities, available-for-sale, at fair value (cost: $570,080 in 2016 and $538,629 in 2015)	$ 564,758	$ 531,325
Equity securities, available-for-sale, at fair value (cost: $27,460 in 2016 and $24,951 in 2015)	49,328	47,504
Total investments	614,086	578,829
Cash and cash equivalents	87,477	114,446
Restricted cash	8,733	8,522
Ceded unearned premiums	66,934	65,094
Premiums receivable	90,244	83,376
Accounts receivable	2,402	2,005
Receivable for securities	938	10,424
Reinsurance recoverable	120,161	114,287
Deferred policy acquisition costs	20,737	20,366
Goodwill	44,695	44,695
Intangible assets, net	14,342	14,959
Deferred federal income taxes, net	2,615	3,360
Federal income tax recoverable	328	1,779
Prepaid expenses	4,181	3,213
Other assets	12,176	11,245
Total assets	1,090,049	1,076,600
LIABILITIES
Revolving credit facility payable	30,000	30,000
Subordinated debt securities	56,702	56,702
Reserves for unpaid losses and loss adjustment expenses	449,129	450,878
Unearned premiums	221,546	216,407
Reinsurance balances payable	37,929	33,741
Pension liability	2,463	2,496
Payable for securities	2,910	1,097
Accounts payable and other accrued expenses	23,563	23,253
Total liabilities	$ 824,242	$ 814,574
Commitments and Contingencies (Note 17)
Stockholders' equity:
Common stock, $.18 par value, authorized 33,333,333; issued 20,872,831 shares in 2016 and 2015	$ 3,757	$ 3,757
Additional paid-in capital	123,619	123,480
Retained earnings	145,575	141,501
Accumulated other comprehensive income	8,279	7,418
Treasury stock (1,893,291 shares in 2016 and 1,775,512 in 2015), at cost	(15,423)	(14,130)
Total stockholders' equity	265,807	262,026
Liabilities and equity, total	$ 1,090,049	$ 1,076,600