Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Debt securities, available-for-sale, at fair value (cost: $595,481 in 2018 and $604,999 in 2017)	$ 595,846	$ 605,746
Equity securities (cost: $35,762 in 2018 and $30,253 in 2017)	52,815	51,763
Other investments (cost, $3,763 in 2018 and 2017)	3,461	3,824
Total investments	652,122	661,333
Cash and cash equivalents	55,110	64,982
Restricted cash	2,564	2,651
Ceded unearned premiums	112,765	112,323
Premiums receivable	108,487	104,373
Accounts receivable	1,809	1,513
Receivable for securities	1,218	5,235
Reinsurance recoverable	214,369	182,928
Deferred policy acquisition costs	15,994	16,002
Goodwill	44,695	44,695
Intangible assets, net	9,407	10,023
Deferred federal income taxes, net	3,158	1,937
Federal income tax recoverable	6,134	7,532
Prepaid expenses	3,333	1,743
Other assets	13,080	13,856
Total assets	1,244,245	1,231,126
LIABILITIES
Revolving credit facility payable	30,000	30,000
Subordinated debt securities (less unamortized debt issuance cost of $937 in 2018 and $949 in 2017)	55,765	55,753
Reserves for unpaid losses and loss adjustment expenses	529,684	527,100
Unearned premiums	276,570	276,642
Reinsurance balances payable	55,998	52,487
Pension liability	1,538	1,605
Payable for securities	10,848	7,488
Accounts payable and other accrued expenses	32,689	28,933
Total liabilities	993,092	980,008
Commitments and Contingencies (Note 16)
Stockholders' equity:
Common stock, $.18 par value, authorized 33,333,333; issued 20,872,831 shares in 2018 and 2017	3,757	3,757
Additional paid-in capital	123,224	123,180
Retained earnings	151,495	136,474
Accumulated other comprehensive income	(2,419)	12,234
Treasury stock (2,714,902 shares in 2017 and 2,260,849 in 2016), at cost	(24,904)	(24,527)
Total stockholders' equity	251,153	251,118
Liabilities and equity, total	$ 1,244,245	$ 1,231,126