Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Debt securities, available-for-sale, at fair value (cost: $566,520 in 2018 and $604,999 in 2017)	$ 568,826	$ 605,746
Equity securities (cost: $35,762 in 2018 and $30,253 in 2017)	57,914	51,763
Equity securities (cost: $40,308 in 2018 and $30,253 in 2017)	3,060	3,824
Total investments	629,800	661,333
Cash and cash equivalents	79,583	64,982
Restricted cash	3,078	2,651
Ceded unearned premiums	127,504	112,323
Premiums receivable	112,188	104,373
Accounts receivable	2,051	1,513
Receivable for securities	3,780	5,235
Reinsurance recoverable	215,045	182,928
Deferred policy acquisition costs	14,058	16,002
Goodwill	44,695	44,695
Intangible assets, net	8,791	10,023
Deferred federal income taxes, net	2,584	1,937
Federal income tax recoverable		7,532
Prepaid expenses	2,692	1,743
Other assets	13,431	13,856
Total assets	1,259,280	1,231,126
LIABILITIES
Revolving credit facility payable	30,000	30,000
Subordinated debt securities (less unamortized debt issuance cost of $924 in 2018 and $949 in 2017)	55,778	55,753
Reserves for unpaid losses and loss adjustment expenses	520,552	527,100
Unearned premiums	290,177	276,642
Reinsurance balances payable	65,559	52,487
Current federal income tax payable	187
Pension liability	1,470	1,605
Payable for securities	6,706	7,488
Accounts payable and other accrued expenses	31,942	28,933
Total liabilities	1,002,371	980,008
Commitments and Contingencies (Note 17)
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	123,017	123,180
Retained earnings	156,585	136,474
Accumulated other comprehensive income	(865)	12,234
Treasury stock (2,814,155 shares in 2018 and 2,703,803 in 2017), at cost	(25,585)	(24,527)
Total stockholders' equity	256,909	251,118
Liabilities and equity, total	$ 1,259,280	$ 1,231,126