Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Debt securities, available-for-sale, at fair value (cost: $571,657 in 2018 and $604,999 in 2017)	$ 574,470	$ 605,746
Equity securities (cost: $45,426 in 2018 and $30,253 in 2017)	70,152	51,763
Other investments (cost: $3,763 in 2018 and 2017)	3,085	3,824
Total investments	647,707	661,333
Cash and cash equivalents	59,925	64,982
Restricted cash	3,519	2,651
Ceded unearned premiums	135,567	112,323
Premiums receivable	111,366	104,373
Accounts receivable	1,464	1,513
Receivable for securities	3,253	5,235
Reinsurance recoverable	225,932	182,928
Deferred policy acquisition costs	13,150	16,002
Goodwill	44,695	44,695
Intangible assets, net	8,174	10,023
Deferred federal income taxes, net	1,042	1,937
Federal income tax recoverable		7,532
Prepaid expenses	2,526	1,743
Other assets	12,471	13,856
Total assets	1,270,791	1,231,126
LIABILITIES
Revolving credit facility payable	30,000	30,000
Subordinated debt securities (less unamortized debt issuance cost of $911 in 2018 and $949 in 2017)	55,791	55,753
Reserves for unpaid losses and loss adjustment expenses	530,816	527,100
Unearned premiums	297,389	276,642
Reinsurance balances payable	55,830	52,487
Current federal income tax payable	144
Pension liability	1,403	1,605
Payable for securities	7,699	7,488
Accounts payable and other accrued expenses	24,667	28,933
Total liabilities	1,003,739	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	123,053	123,180
Retained earnings	166,270	136,474
Accumulated other comprehensive income	(443)	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	267,052	251,118
Total liabilities and stockholders' equity	$ 1,270,791	$ 1,231,126