Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Debt securities, available-for-sale, at fair value (cost; $597,784 in 2016 and $538,629 in 2015)	$ 597,457	$ 531,325
Equity securities, available-for-sale, at fair value (cost; $31,449 in 2016 and $24,524 in 2015)	51,711	47,050
Other investments (cost; $3,763 in 2016 and $427 in 2015)	4,951	454
Total investments	654,119	578,829
Cash and cash equivalents	79,632	114,446
Restricted cash	7,327	8,522
Ceded unearned premiums	81,482	65,094
Premiums receivable	89,715	83,376
Accounts receivable	2,269	2,005
Receivable for securities	3,047	10,424
Reinsurance recoverable	147,821	114,287
Deferred policy acquisition costs	19,193	20,366
Goodwill	44,695	44,695
Intangible assets, net	12,491	14,959
Deferred federal income taxes, net	1,365	3,360
Federal income tax recoverable	3,951	1,779
Prepaid expenses	1,552	3,213
Other assets	13,801	10,192
Total assets	1,162,460	1,075,547
LIABILITIES AND STOCKHOLDERS' EQUITY
Revolving credit facility payable	30,000	30,000
Subordinated debt securities (less unamortized debt issuance cost of $1,001 in 2016 and $1,053 in 2015)	55,701	55,649
Reserves for unpaid losses and loss adjustment expenses	481,567	450,878
Unearned premiums	241,254	216,407
Reinsurance balances payable	46,488	33,741
Pension liability	2,203	2,496
Payable for securities	14,215	1,097
Accounts payable and other accrued expenses	25,296	23,253
Total liabilities	896,724	813,521
Stockholders' equity:
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2016 and 2015	3,757	3,757
Additional paid-in capital	123,166	123,480
Retained earnings	148,027	141,501
Accumulated other comprehensive income	10,371	7,418
Treasury stock (2,260,849 shares in 2016 and 1,775,512 in 2015), at cost	(19,585)	(14,130)
Total stockholders equity	265,736	262,026
Liabilities and equity, total	$ 1,162,460	$ 1,075,547