National Security (NSEC) 10-Q 13 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2019	Aug. 13, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	NATIONAL SECURITY GROUP INC
Entity Central Index Key	0000865058
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		2,531,552
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Investments
Fixed maturities held-to-maturity, at amortized cost (estimated fair value: 2019 - $1,442; 2018 - $1,443)	$ 1,388,000	$ 1,449,000
Fixed maturities available-for-sale, at estimated fair value (cost: 2019 - $100,084; 2018 - $96,877)	102,744,000	95,125,000
Equity securities, at estimated fair value (cost: 2019 - $1,849; 2018 - $1,842)	4,465,000	4,306,000
Trading securities	141,000	107,000
Mortgage loans on real estate, at cost	151,000	156,000
Investment real estate, at book value	2,934,000	2,945,000
Policy loans	1,876,000	1,854,000
Company owned life insurance	4,631,000	4,600,000
Other invested assets	2,217,000	2,148,000
Total Investments	120,547,000	112,690,000
Cash and cash equivalents	5,627,000	5,676,000
Accrued investment income	757,000	774,000
Policy receivables and agents' balances, net	13,145,000	11,185,000
Reinsurance recoverable	326,000	1,772,000
Deferred policy acquisition costs	7,895,000	7,834,000
Property and equipment, net	1,590,000	1,649,000
Income tax recoverable	993,000	1,463,000
Deferred income tax asset, net	0	716,000
Other assets	978,000	472,000
Total Assets	151,858,000	144,231,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Property and casualty benefit and loss reserves	7,020,000	8,208,000
Accident and health benefit and loss reserves	3,772,000	3,803,000
Life and annuity benefit and loss reserves	33,990,000	33,671,000
Unearned premiums	32,283,000	29,999,000
Policy and contract claims	887,000	792,000
Other policyholder funds	1,480,000	1,515,000
Short-term notes payable and current portion of long-term debt	2,200,000	2,200,000
Long-term debt	12,158,000	12,152,000
Deferred income tax liability	53,000	0
Other liabilities	6,962,000	6,025,000
Total Liabilities	100,805,000	98,365,000
Contingencies
Shareholders' equity
Common stock	2,532,000	2,527,000
Additional paid-in capital	5,602,000	5,554,000
Accumulated other comprehensive income (loss)	1,961,000	(1,570,000)
Retained earnings	40,958,000	39,355,000
Total Shareholders' Equity	51,053,000	45,866,000
Total Liabilities and Shareholders' Equity	$ 151,858,000	$ 144,231,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments
Fixed maturities held-to-maturity, at estimated fair value	$ 1,442	$ 1,443
Fixed maturities available-for-sale, at cost	100,084	96,877
Equity securities, at cost	$ 1,849	$ 1,842

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUES
Net premiums earned	$ 14,990	$ 15,260	$ 29,708	$ 30,319
Net investment income	957	995	1,919	1,915
Net investment gains (losses)	117	(200)	2,237	(464)
Other income	146	148	292	309
Total Revenues	16,210	16,203	34,156	32,079
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits and settlement expenses	10,900	9,772	19,923	19,199
Amortization of deferred policy acquisition costs	839	787	1,819	1,590
Commissions	1,978	1,732	4,011	3,792
General and administrative expenses	2,416	2,668	4,748	4,671
Taxes, licenses and fees	599	349	1,286	998
Interest expense	291	309	586	611
Total Benefits, Losses and Expenses	17,023	15,617	32,373	30,861
Income (Loss) Before Income Taxes	(813)	586	1,783	1,218
INCOME TAX EXPENSE (BENEFIT)
Current	(148)	216	97	(318)
Deferred	(78)	(87)	(170)	608
Total income tax expense	(226)	129	(73)	290
Net Income (Loss)	$ (587)	$ 457	$ 1,856	$ 928
INCOME (LOSS) PER COMMON SHARE BASIC AND DILUTED (in dollars per share)	$ (0.23)	$ 0.18	$ 0.73	$ 0.37
DIVIDENDS DECLARED PER SHARE (in dollars per share)	$ 0.050	$ 0.050	$ 0.10	$ 0.10

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (587)	$ 457	$ 1,856	$ 928
Other comprehensive income (loss), net of tax
Unrealized gains (losses) on securities, net of reclassification adjustment of $12 and $102 for 2019 and 2018, respectively	1,752	(811)	3,486	(2,187)
Unrealized gain on interest rate swap	20	75	45	207
Other comprehensive income (loss), net of tax	1,772	(736)	3,531	(1,980)
Comprehensive income (loss)	$ 1,185	$ (279)	$ 5,387	$ (1,052)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Reclassification adjustment	$ 12	$ 102

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Common Stock	Additional Paid-in Capital
Cumulative effect of change in accounting principle		$ 2,107	$ (2,107)
Balance at Dec. 31, 2017	$ 47,625	36,974	2,646	$ 2,522	$ 5,483
Net income (loss)	928	928
Other comprehensive income (loss) (net of tax)	(1,980)		(1,980)
Common stock issued	76			5	71
Cash dividends	(252)	(252)
Balance at Jun. 30, 2018	46,397	39,757	(1,441)	2,527	5,554
Balance at Dec. 31, 2017	47,625	36,974	2,646	2,522	5,483
Net income (loss)	779
Other comprehensive income (loss) (net of tax)	(2,109)
Cash dividends	(505)
Balance at Dec. 31, 2018	45,866	39,355	(1,570)	2,527	5,554
Net income (loss)	1,856	1,856
Other comprehensive income (loss) (net of tax)	3,531		3,531
Common stock issued	53			5	48
Cash dividends	(253)	(253)
Balance at Jun. 30, 2019	$ 51,053	$ 40,958	$ 1,961	$ 2,532	$ 5,602

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Cash Flows from Operating Activities
Net income (loss)	$ (587)	$ 457	$ 1,856	$ 928	$ 779
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense and amortization/accretion, net			143	169
Net (gains) losses on investments	(117)	200	(2,237)	464
Deferred income taxes			(170)	608
Amortization of deferred policy acquisition costs	839	787	1,819	1,590
Changes in assets and liabilities:
Change in accrued investment income			17	(40)
Change in reinsurance recoverable			1,446	88
Policy acquisition costs deferred			(1,880)	(1,606)
Change in accrued income taxes			470	(318)
Change in net policy liabilities and claims			(485)	800
Change in other assets/liabilities, net			472	(270)
Other, net			5	5
Net cash provided by operating activities			1,456	2,418
Cash Flows from Investing Activities
Available-for-sale securities			(9,925)	(10,579)
Trading securities and short-term investments			(26)	0
Property and equipment			(3)	(8)
Held-to-maturity securities			62	99
Available-for-sale securities			6,650	6,570
Real estate held for investment			11	188
Other invested assets, net			2,014	(39)
Net cash used in investing activities			(1,217)	(3,769)
Cash Flows from Financing Activities
Change in other policyholder funds			(35)	2
Change in short-term notes payable			0	(500)
Dividends paid			(253)	(252)
Net cash used in financing activities			(288)	(750)
Net change in cash and cash equivalents			(49)	(2,101)
Cash and cash equivalents, beginning of year			5,676	6,644	6,644
Cash and cash equivalents, end of period	$ 5,627	$ 4,543	$ 5,627	$ 4,543	$ 5,676

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of The National Security Group, Inc. (the Company) and its wholly-owned subsidiaries: National Security Insurance Company (NSIC), National Security Fire and Casualty Company (NSFC) and NATSCO, Inc. (NATSCO). NSFC includes a wholly-owned subsidiary, Omega One Insurance Company (Omega). The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP). In the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair presentation of the consolidated financial statements have been included. All significant intercompany transactions and accounts have been eliminated in the consolidated financial statements. The financial information presented herein should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, which includes information and disclosures not presented herein. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Among the more significant estimates included in these consolidated financial statements are reserves for future life insurance policy benefits, liabilities for losses and loss adjustment expenses, reinsurance recoverable associated with loss and loss adjustment expense liabilities, deferred policy acquisition costs, deferred income tax assets and liabilities, assessments of other-than-temporary impairments on investments and accruals for contingencies. Actual results could differ from the estimates used in preparing these consolidated financial statements. Earnings Per Share Earnings per share of common stock is based on the weighted average number of shares outstanding during each year. The adjusted weighted average shares outstanding were 2,528,233 at June 30, 2019 and 2,523,484 at June 30, 2018 . The Company did no t have any dilutive securities as of June 30, 2019 and 2018. Reclassifications Certain 2018 amounts have been reclassified from the prior year consolidated financial statements to conform to the 2019 presentation. Concentration of Credit Risk The Company maintains cash balances which are generally held in non-interest bearing demand deposit accounts subject to FDIC insured limits of $250,000 per entity. At June 30, 2019 , the net amount exceeding FDIC insured limits was $ 4,362,000 at three financial institutions. The Company has not experienced any losses in such accounts. Management of the Company reviews financial information of financial institutions on a quarterly basis and believes the Company is not exposed to any significant credit risk on cash and cash equivalents. Policy receivables are reported at unpaid balances. Policy receivables are generally offset by associated unearned premium liabilities and are not subject to significant credit risk. Receivables from agents, less provision for credit losses, are composed of balances due from independent agents. At June 30, 2019 , the single largest balance due from one agent totaled $805,000 . Reinsurance contracts do not relieve the Company of its obligations to policyholders. A failure of a reinsurer to meet its obligation could result in losses to the insurance subsidiaries. Allowances for losses on reinsurance recoverables are established if amounts are believed to be uncollectible. At June 30, 2019 and December 31, 2018, no amounts were deemed uncollectible. The Company, at least annually, evaluates the financial condition of all reinsurers and evaluates any potential concentrations of credit risk. At June 30, 2019 , management does not believe the Company is exposed to any significant credit risk related to its reinsurance program. Accounting Changes Not Yet Adopted Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued guidance to that removes, modifies and adds to the disclosure requirements related to fair value measurements. The guidance removes the requirements to disclose the amount and reasons for transfers between Level 1 and Level 2 assets, the policy for timing and transfers between levels and the valuation process for Level 3 fair value measurements. The guidance modifies disclosure requirements for investments in certain entities that calculate net asset value and clarifies the purpose of the measurement uncertainty disclosure. The guidance adds requirements to disclose changes in unrealized gains or losses included in other comprehensive income for recurring Level 3 fair value measurements and to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company does not expect the adoption to have a material impact on its financial position or results of operations. Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued guidance to improve the existing recognition, measurement, presentation and disclosure requirements for long-duration contracts issued by an insurance entity. The guidance improves timeliness of recognizing changes in the liability for future policy benefits and modifies the rate used to discount future cash flows. The guidance will simplify and improve accounting for certain market-based options or guarantees associated with deposit type contracts and simplify the amortization of deferred policy acquisition costs. The guidance also introduces certain financial statement presentation requirements, as well as significant additional quantitative and qualitative disclosures. The guidance is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. Due to the nature and extent of the changes required to the Company’s life insurance operations, the adoption of this standard is expected to have a material impact on the consolidated financial statements. Contingent Put and Call Options in Debt Instruments In March 2016, the FASB issued guidance that clarifies the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within those years. The Company does not expect the adoption to have a material impact on its financial position or results of operations. Financial Instruments - Credit Losses In June 2016, the FASB issued guidance that replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The FASB released additional guidance in November 2018 that provides scope clarification. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within those years. The Company does not expect the adoption to have a material impact on its financial position or results of operations. Recently Adopted Accounting Standards Improvements to Nonemployee Share-Based Payment Accounting In June 2018, the FASB issued guidance to simplify the accounting for nonemployee share-based payment awards. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. The Company does not make any material share-based payments. The Company adopted this guidance on January 1, 2019. The adoption of this guidance did not have a material impact on its financial position or results of operations. Derivatives and Hedging In August 2017, the FASB issued guidance that amends and simplifies hedge accounting guidance in order to enable entities to better portray the economic results of their risk management activities. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. The Company adopted this guidance on January 1, 2019 and had two swaps designated as cash flow hedges. One expired March 15, 2019 and one expires March 15, 2020. The adoption of this guidance did not have a significant impact on our financial position, results of operations, cash flows or related disclosures. Leases In February 2016, the FASB issued guidance that requires lessees (for capital and operating leases) to recognize the lease liability and right-of-use (ROU) asset at the commencement date of the lease. Additional transition guidance was issued in 2018 and 2019. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those years. The Company adopted this guidance on January 1, 2019 and recorded a ROU asset of $299,000 and corresponding lease liability of $306,000 . The ROU asset and operating lease liability are included in other assets and other liabilities, respectively, on our Condensed Consolidated Balance Sheets as of January 1, 2019. The Company elected the package of practical expedients permitted under the guidance, which allowed the Company to account for existing leases under their current classification, as well as omit any new costs classified as initial direct costs, under the new guidance. Based on this election, the Company kept existing agreements as operating leases. The Company also elected the practical expedient allowing an accounting policy election by class of underlying asset, to account for separate lease and nonlease components as a single lease component. The Company leases automobiles and some office equipment. These leases are not considered material. Adoption of this guidance had no material impact on the Company's financial position, results of operations, cash flows or related disclosures.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2019
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES The Company holds a passive interest in a limited partnership that is considered to be a Variable Interest Entity (VIE) under the provisions of ASC 810 Consolidation . The Company is not the primary beneficiary of the entity and is not required to consolidate under ASC 810. The entity is a private placement investment fund formed for the purpose of investing in private equity investments. The Company owns less than 1% of the limited partnership. The carrying value of the investment totals $116,000 and is included as a component of Other Invested Assets in the accompanying condensed consolidated balance sheets. In December 2005, the Company formed National Security Capital Trust I, a statutory trust created under the Delaware Statutory Trust Act, for the sole purpose of issuing, in private placement transactions, $9,000,000 of trust preferred securities (TPS) and using the proceeds thereof, together with the equity proceeds received from the Company in the initial formation of the Trust, to purchase $9,279,000 of variable rate subordinated debentures issued by the Company. The Company owns all voting securities of the Trust and the subordinated debentures are the sole assets of the Trust. The Trust will meet the obligations of the TPS with the interest and principal paid on the subordinated debentures. The Company received net proceeds from the TPS transactions, after commissions and other costs of issuance, of $9,005,000 . The Company also holds all the voting securities issued by the Trust and such trusts are considered to be VIE's. The Trust is not consolidated because the Company is not the primary beneficiary of the trust. The Subordinated Debentures, disclosed in Note 7, are reported in the accompanying condensed consolidated balance sheets as a component of long-term debt. The Company's equity investments in the Trust total $279,000 and are included in Other Assets in the accompanying condensed consolidated balance sheets. In June 2007, the Company formed National Security Capital Trust II for the sole purpose of issuing, in private placement transactions, $3,000,000 of trust preferred securities (TPS) and using the proceeds thereof, together with the equity proceeds received from the Company in the initial formation of the Trust, to purchase $3,093,000 unsecured junior subordinated deferrable interest debentures. The Company owns all voting securities of the Trust and the subordinated debentures are the sole assets of the Trust. The Trust will meet the obligations of the TPS with the interest and principal paid on the subordinated debentures. The Company received net proceeds from the TPS transactions, after commissions and other costs of issuance, of $2,995,000 . The Company also holds all the voting securities issued by the Trust and such trusts are considered to be VIE's. The Trust is not consolidated because the Company is not the primary beneficiary of the Trust. The Subordinated Debentures, disclosed in Note 7, are reported in the accompanying condensed consolidated balance sheets as a component of long-term debt. The Company's equity investments in the Trust total $93,000 and are included in Other Assets in the accompanying condensed consolidated balance sheets.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
INVESTMENTS	INVESTMENTS Our investment in available-for-sale securities, which are reported at fair value, includes fixed maturity securities and equity securities. Net unrealized gains or losses on equity securities prior to January 1, 2018, and on fixed maturities are reported after-tax as a component of other comprehensive income. As of January 1, 2018, changes in fair value of equity securities are reported in investment gains/losses as a component of net income. The amortized cost and aggregate fair values of investments in available-for-sale securities as of June 30, 2019 are as follows ( dollars in thousands ): Available-for-sale securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government corporations and agencies $ 4,164 $ 128 $ 19 $ 4,273 Agency mortgage backed securities 31,662 1,101 119 32,644 Asset backed securities 11,176 37 170 11,043 Private label mortgage backed securities 7,164 456 — 7,620 Corporate bonds 37,035 1,321 248 38,108 States, municipalities and political subdivisions 8,071 133 2 8,202 Foreign governments 812 42 — 854 Total fixed maturities 100,084 3,218 558 102,744 Equity securities 1,849 2,616 — 4,465 Total $ 101,933 $ 5,834 $ 558 $ 107,209 The amortized cost and aggregate fair values of investments in held-to-maturity securities as of June 30, 2019 are as follows ( dollars in thousands ): Held-to-maturity securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Agency mortgage backed securities $ 1,388 $ 54 $ — $ 1,442 Total $ 1,388 $ 54 $ — $ 1,442 The amortized cost and aggregate fair values of investments in available-for-sale securities as of December 31, 2018 are as follows ( dollars in thousands ): Available-for-sale securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government corporations and agencies $ 4,820 $ 31 $ 107 $ 4,744 Agency mortgage backed securities 27,492 159 545 27,106 Asset backed securities 10,901 7 248 10,660 Private label mortgage backed securities 5,869 105 27 5,947 Corporate bonds 36,935 407 1,551 35,791 States, municipalities and political subdivisions 10,059 105 91 10,073 Foreign governments 801 3 — 804 Total fixed maturities 96,877 817 2,569 95,125 Equity securities 1,842 2,464 — 4,306 Total $ 98,719 $ 3,281 $ 2,569 $ 99,431 The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2018 are as follows ( dollars in thousands ): Held-to-maturity securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Agency mortgage backed securities $ 1,449 $ 16 $ 22 $ 1,443 Total $ 1,449 $ 16 $ 22 $ 1,443 The amortized cost and aggregate fair value of debt securities at June 30, 2019 , by contractual maturity, are presented in the following table ( dollars in thousands ). Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in Thousands) Amortized Cost Fair Value Available-for-sale securities: Due in one year or less $ 1,878 $ 1,890 Due after one year through five years 17,029 17,432 Due after five years through ten years 27,236 27,764 Due after ten years 53,941 55,658 Total $ 100,084 $ 102,744 Held-to-maturity securities: Due in one year or less $ — $ — Due after one year through five years 36 38 Due after five years through ten years 4 5 Due after ten years 1,348 1,399 Total $ 1,388 $ 1,442 A summary of securities available-for-sale with unrealized losses as of June 30, 2019 , along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows ( dollars in thousands ): Less than 12 months 12 months or longer Total June 30, 2019 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Total Securities in a Loss Position U.S. Government corporations and agencies $ — $ — $ 500 $ 19 $ 500 $ 19 1 Agency mortgage backed securities 1,032 11 4,895 108 5,927 119 15 Asset backed securities 3,282 65 4,908 105 8,190 170 12 Corporate bonds 2,188 61 6,297 187 8,485 248 15 States, municipalities and political subdivisions — — 520 2 520 2 1 $ 6,502 $ 137 $ 17,120 $ 421 $ 23,622 $ 558 44 There were no securities held-to-maturity with unrealized losses as of June 30, 2019 . A summary of securities available-for-sale with unrealized losses as of December 31, 2018 , along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows ( dollars in thousands ): Less than 12 months 12 months or longer Total December 31, 2018 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Total Securities in a Loss Position U.S. Government corporations and agencies $ — $ — $ 3,209 $ 107 $ 3,209 $ 107 6 Agency mortgage backed securities 5,504 45 10,969 500 16,473 545 38 Asset backed securities 5,824 146 2,741 102 8,565 248 12 Private label mortgage backed securities 1,348 27 — — 1,348 27 2 Corporate bonds 16,583 709 9,823 842 26,406 1,551 51 States, municipalities and political subdivisions 1,242 10 4,420 81 5,662 91 11 $ 30,501 $ 937 $ 31,162 $ 1,632 $ 61,663 $ 2,569 120 A summary of securities held-to-maturity with unrealized losses as of December 31, 2018 along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows: Less than 12 months 12 months or longer Total December 31, 2018 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Total Securities in a Loss Position Agency mortgage backed securities $ 1,026 $ 22 $ — $ — $ 1,026 $ 22 2 $ 1,026 $ 22 $ — $ — $ 1,026 $ 22 2 The Company conducts periodic reviews to identify and evaluate securities in an unrealized loss position in order to identify other-than-temporary impairments. For securities in an unrealized loss position, the Company assesses whether the Company has the intent to sell the security or more-likely-than-not will be required to sell the security before the anticipated recovery. If either of these conditions is met, the Company is required to recognize an other-than-temporary impairment with the entire unrealized loss reported in earnings. For securities in an unrealized loss position that do not meet these conditions, the Company assesses whether the impairment of a security is other-than-temporary. If the impairment is determined to be other-than-temporary, the Company is required to separate the other-than-temporary impairments into two components: the amount representing the credit loss and the amount related to all other factors. The credit loss is the portion of the amortized book value in excess of the net present value of the projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment. The credit loss component of other-than-temporary impairments is reported in earnings, whereas the amount relating to factors other than credit losses are recorded in other comprehensive income, net of taxes. Management has evaluated each security in a significant unrealized loss position in the fixed maturity investment portfolio. The Company has no material exposure to sub-prime mortgage loans and approximately 4% of the fixed income investment portfolio is rated below investment grade. Based on a review of the available financial information, the prospect for future earnings of each company and consideration of the Company’s intent and ability to hold the securities until market values recovered, it was determined that, other than the impairment described below, the securities in an accumulated loss position in the portfolio were temporary impairments. For the six months ended June 30, 2019, the Company realized no other-than-temporary impairments. For the year ended December 31, 2018, the Company realized $16,000 other-than-temporary impairments. At June 30, 2019, the three largest losses not realized as an impairment in the fixed maturity portfolio totaled $45,000 , $39,000 and $33,000 . Each of these losses were driven by changes in market interest rates. At December 31, 2018, the three largest losses not realized as an impairment was in the fixed maturity portfolio totaled $145,000 , $99,000 and $94,000 . Major categories of investment income are summarized as follows (dollars in thousands): Three months ended Six months ended 2019 2018 2019 2018 Fixed maturities $ 934 $ 963 $ 1,871 $ 1,854 Equity securities 20 20 47 40 Mortgage loans on real estate 2 2 4 4 Investment real estate 1 — 3 1 Policy loans 35 35 69 70 Other 4 7 7 15 996 1,027 2,001 1,984 Less: Investment expenses 39 32 82 69 Net investment income $ 957 $ 995 $ 1,919 $ 1,915 Major categories of investment gains and losses are summarized as follows (dollars in thousands): Three months ended Six months ended 2019 2018 2019 2018 Realized gains on fixed maturities $ 5 $ 48 $ 15 $ 129 Gains (losses) on trading securities 5 — 8 — Change in fair value of equity securities 26 (163 ) 152 (369 ) Change in surrender value of company owned life insurance 81 3 270 (136 ) Realized gain on company owned life insurance — — 1,792 — Other, principally real estate — (88 ) — (88 ) Net investment gains (losses) $ 117 $ (200 ) $ 2,237 $ (464 ) An analysis of the net change in unrealized gains (losses) on available-for-sale securities follows (dollars in thousands): June 30, December 31, 2018 Fixed maturities $ 4,412 $ (3,042 ) Deferred income tax (926 ) 638 Change in net unrealized gains (losses) on available-for-sale securities $ 3,486 $ (2,404 )

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES	FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES Our available-for-sale securities consists of fixed maturity and equity securities which are recorded at fair value in the accompanying consolidated balance sheets. We are permitted to elect to measure financial instruments and certain other items at fair value, with the change in fair value recorded in earnings. We elected not to measure any eligible items using the fair value option. Accounting standards define fair value as the price that would be received to sell an asset or would be paid to transfer a liability in an orderly transaction between market participants at the measurement date, and establishes a framework to make the measurement of fair value more consistent and comparable. In determining fair value, we primarily use prices and other relevant information generated by market transactions involving identical or comparable assets. The Company categorizes assets and liabilities carried at their fair value based upon a fair value hierarchy: Level 1 – Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 1 assets and liabilities consist of money market fund deposits and certain of our marketable debt and equity instruments, including equity instruments offsetting deferred compensation, that are traded in an active market with sufficient volume and frequency of transactions. Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets include certain of our marketable debt and equity instruments with quoted market prices that are traded in less active markets or priced using a quoted market price for similar instruments. Level 2 assets also include marketable equity instruments with security-specific restrictions that would transfer to the buyer, marketable debt instruments priced using indicator prices which represent non-binding market consensus prices that can be corroborated by observable market quotes, as well as derivative contracts and debt instruments priced using inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Marketable debt instruments in this category generally include commercial paper, bank time deposits, repurchase agreements for fixed-income instruments, and a majority of floating-rate notes, corporate bonds, and municipal bonds. Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. Level 3 assets and liabilities include marketable debt instruments, non-marketable equity investments, derivative contracts, and company issued debt with values are determined using inputs that are both unobservable and significant to the values of the instruments being measured. Level 3 assets also include marketable debt instruments that are priced using indicator prices that we were unable to corroborate with observable market quotes. Marketable debt instruments in this category generally include asset-backed securities and certain floating-rate notes, corporate bonds, and municipal bonds. Assets/Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands): Fair Value Measurements at Reporting Date Using Description Total Level 1 Level 2 Level 3 Financial Assets Fixed maturities available-for-sale U.S. Government corporations and agencies $ 4,273 $ 4,273 $ — $ — Agency mortgage backed securities 32,644 18,788 13,856 — Asset backed securities 11,043 2,823 8,220 — Corporate bonds 38,108 — 38,108 — Private label asset backed securities 7,620 1,367 6,253 — States, municipalities and political subdivisions 8,202 — 8,202 — Foreign governments 854 854 — — Trading securities 141 141 — — Equity securities 4,465 3,275 — 1,190 Total Financial Assets $ 107,350 $ 31,521 $ 74,639 $ 1,190 Financial Liabilities Interest rate swap $ (177 ) $ — $ — $ (177 ) Total Financial Liabilities $ (177 ) $ — $ — $ (177 ) The methods and assumptions the Company uses to estimate the fair value of assets and liabilities measured at fair value on a recurring basis are summarized below. Fixed maturities available-for-sale — The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Consistent with the fair value hierarchy described above, securities with quoted market prices in active markets for identical assets are reflected within Level 1 while securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Trading securities — Trading securities consist primarily of mutual funds whose fair values are determined consistent with similar instruments described above under “Fixed Maturities” and below under “Equity Securities.” Equity securities — Equity securities consist principally of investments in common and preferred stock of publicly traded companies and privately traded securities. The fair values of our publicly traded equity securities are based on quoted market prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for our privately traded equity securities require a substantial level of judgment. Privately traded equity securities are classified within Level 3. Interest rate swaps — Interest rate swaps are recorded at fair value either as assets, within other assets or as liabilities, within other liabilities. The fair values of our interest rate swaps are provided by a third-party broker and are classified within Level 3. As of June 30, 2019 , Level 3 fair value measurements of assets include $1,190,000 of equity securities in a local community bank whose value is based on an evaluation of the financial statements of the entity. The Company does not develop the unobservable inputs used in measuring fair value. As of June 30, 2019 , Level 3 fair value measurements of liabilities include $177,000 net fair value of various interest rate swap agreements whose value is based on analysis provided by a third party that utilizes financial modeling tools and assumptions on interest and other factors. The Company does not develop the unobservable inputs used in measuring fair value. Additional information regarding the interest rate swap agreements is provided in Note 7. The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2019 (in thousands): For the six months June 30, 2019 Equity Securities Interest Rate Swap Beginning balance $ 1,125 $ (234 ) Total gains or losses (realized and unrealized): Included in earnings 65 — Included in other comprehensive income — 57 Purchases: — — Sales: — — Issuances: — — Settlements: — — Transfers in/(out) of Level 3 — — Ending balance $ 1,190 $ (177 ) The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of June 30, 2019: $ — $ — For the six months ended June 30, 2019 , there were no assets or liabilities measured at fair values on a nonrecurring basis. Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands): Fair Value Measurements at Reporting Date Using Description Total Level 1 Level 2 Level 3 Financial Assets Fixed maturities available-for-sale U.S. Government corporations and agencies $ 4,744 $ 4,147 $ 597 $ — Agency mortgage backed securities 27,106 11,756 15,350 — Asset backed securities 10,560 2,839 7,721 — Corporate bonds 35,791 — 35,791 — Private label asset backed securities 5,947 — 5,947 — States, municipalities and political subdivisions 10,073 — 10,073 — Foreign governments 804 804 — — Trading securities 107 107 — — Equity securities available-for-sale 4,306 3,181 — 1,125 Total Financial Assets $ 99,438 $ 22,834 $ 75,479 $ 1,125 Financial Liabilities Interest rate swap $ (234 ) $ — $ — $ (234 ) Total Financial Liabilities $ (234 ) $ — $ — $ (234 ) The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2018 (in thousands): For the year ended December 31, 2018 Equity Securities Available-for-Sale Interest Rate Swap Beginning balance $ 1,073 $ (608 ) Total gains or losses (realized and unrealized): Included in earnings 52 — Included in other comprehensive income — 374 Purchases: — — Sales: — — Issuances: — — Settlements: — — Transfers in/(out) of Level 3 — — Ending balance $ 1,125 $ (234 ) The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of December 31, 2018: $ — $ — For the year ended December 31, 2018, there were no assets or liabilities measured at fair values on a nonrecurring basis. The Company is exposed to certain risks in the normal course of its business operations. The primary risk that is managed through the use of derivatives is interest rate risk on floating rate borrowings. This risk is managed through the use of interest rate swap agreements which are designated as cash flow hedges. For cash flow hedges, the effective portion of the gain or loss on the interest rate swap is included as a component of other comprehensive income and reclassified into earnings in the same period during which the hedged transaction is recognized in earnings. The Company does not hold or issue derivatives that are not designated as hedging instruments. See Note 7 for additional information about the interest rate swap agreements. The following methods and assumptions were used to estimate fair value of each class of financial instrument for which it is practical to estimate that value: Cash and cash equivalents — the carrying amount is a reasonable estimate of fair value. Fixed maturities held-to-maturity — the carrying amount is amortized cost; the fair values of the Company’s public fixed maturity securities that are classified as held-to-maturity are generally based on prices obtained from independent pricing services. Mortgage loans — the carrying amount is a reasonable estimate of fair value due to the restrictive nature and limited marketability of the mortgage notes. Policy loans — the carrying amount is a reasonable estimate of fair value. Company owned life insurance — the carrying amount is a reasonable estimate of fair value. Other invested assets — the carrying amount is a reasonable estimate of fair value. Other policyholder funds — the carrying amount is a reasonable estimate of fair value. Debt — the carrying amount is a reasonable estimate of fair value. The carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2019 and December 31, 2018 are as follows (in thousands): June 30, 2019 December 31, 2018 Assets and related instruments Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Held-to-maturity securities $ 1,388 $ 1,442 $ 1,449 $ 1,443 Mortgage loans 151 151 156 156 Policy loans 1,876 1,876 1,854 1,854 Company owned life insurance 4,631 4,631 4,600 4,600 Other invested assets 2,217 2,217 2,148 2,148 Liabilities and related instruments Other policyholder funds 1,480 1,480 1,515 1,515 Short-term notes payable and current portion of long-term debt 2,200 2,200 2,200 2,200 Long-term debt 12,158 12,158 12,152 12,152

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Major categories of property and equipment are summarized as follows (dollars in thousands): June 30, 2019 December 31, 2018 Building and improvements $ 3,378 $ 3,378 Electronic data processing equipment 1,508 1,504 Furniture and fixtures 477 477 5,363 5,359 Less accumulated depreciation 3,773 3,710 Property and equipment, net $ 1,590 $ 1,649 Depreciation expense for the six months ended June 30, 2019 was $62,000 ( $161,000 for the year ended December 31, 2018).

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES On December 22, 2017, the President signed the Tax Cuts and Jobs Act (TCJA), a comprehensive tax legislation which, among other things, reduced the Company's statutory federal income tax rate from 34% to 21% effective January 1, 2018. In addition to the reduction in tax rates, the TCJA made broad and complex changes to the Internal Revenue Code that introduced changes to many tax related exclusions, deductions and credits. At December 31, 2017, $1,575,000 in AMT credit was booked as a deferred tax asset. Effective December 31, 2018, the Company recognized the AMT credit in federal income tax recoverable as Management anticipates $1,077,000 will be recovered with the 2018 return and the remainder recovered by 2021 pursuant to allowable amounts under the TCJA. Management believes that, based on its historical pattern of taxable income, the Company will produce sufficient income in the future to realize its deferred tax assets. The Company recognized a net deferred tax liability position of $53,000 at June 30, 2019 and a net deferred tax asset position of $716,000 at December 31, 2018 . The tax effect of significant differences representing deferred tax assets and liabilities are as follows (dollars in thousands): As of June 30, As of December 31, General expenses $ 1,142 $ 1,067 Unearned premiums 1,356 1,265 Claims liabilities 565 552 Impairment on real estate owned 119 119 Unrealized losses on securities available-for-sale — 368 Unrealized loss on interest rate swaps 37 49 Deferred tax assets 3,219 3,420 Trading securities (1 ) — Depreciation (75 ) (79 ) Deferred policy acquisition costs (1,658 ) (1,645 ) Pre-1984 policyholder surplus account (430 ) (463 ) Unrealized gains on securities available-for-sale (559 ) — Unrealized gains on equity securities (549 ) (517 ) Deferred tax liabilities (3,272 ) (2,704 ) Net deferred tax asset (liability) $ (53 ) $ 716 The appropriate income tax effects of changes in temporary differences are as follows (dollars in thousands): Six months ended 2019 2018 Deferred policy acquisition costs $ 13 $ 4 Trading securities 1 — Unearned premiums (91 ) (79 ) General expenses (75 ) (2 ) Depreciation (4 ) (6 ) Claims liabilities (13 ) 14 AMT credit — 787 Impact of repeal of special provision on pre-1984 policyholder surplus (33 ) (33 ) Unrealized gains on equity securities 32 (77 ) Deferred income tax expense (benefit) $ (170 ) $ 608 Total income tax expense (benefit) varies from amounts computed by applying current federal income tax rates to income or loss before income taxes. The reasons for these differences and the approximate tax effects are as follows: Six months ended 2019 2018 Federal income tax rate applied to pre-tax income/loss 21.0 % 21.0 % Dividends received deduction and tax-exempt interest (0.5 )% (1.2 )% Company owned life insurance (24.3 )% 2.3 % Other, net (0.2 )% 1.7 % Effective federal income tax rate (4.0 )% 23.8 % The Company recognizes tax-related interest and penalties as a component of tax expense. The Company files income tax returns in the U.S. federal jurisdiction and various states. The Company is not subject to examinations by authorities related to its U.S. federal or state income tax filings for years prior to 2014. Tax returns have been filed through the year 2017.

NOTES PAYABLE AND LONG-TERM DEB

NOTES PAYABLE AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
NOTES PAYABLE AND LONG-TERM DEBT	NOTES PAYABLE AND LONG-TERM DEBT Short-term debt and current portion of long-term debt consisted of the following as of June 30, 2019 and December 31, 2018 ( dollars in thousands) : June 30, December 31, 2019 2018 Current portion of installment note payable due in November with variable interest rate equal to the WSJ prime rate plus 0.5%. Unsecured. $ 2,200 $ 2,200 $ 2,200 $ 2,200 Long-term debt consisted of the following as of June 30, 2019 and December 31, 2018 ( dollars in thousands ): June 30, December 31, 2019 2018 Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $157,000 in debt issuance cost ($155,000 in 2018); maturity December 2035. Interest payable quarterly. Redeemable prior to maturity. Unsecured. $ 9,124 $ 9,120 Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $59,000 in debt issuance cost ($60,000 in 2018); maturity June 15, 2037. Interest payable quarterly. Redeemable prior to maturity. Unsecured. 3,034 3,032 $ 12,158 $ 12,152 The Company has entered into various swap agreements related to the trust preferred securities. On March 19, 2009, the Company entered into a forward swap effective September 17, 2012, with a notional amount of $3,000,000 and designated the swap as a hedge against changes in cash flows attributable to changes in the benchmark interest rate (LIBOR) associated with the subordinated debentures issued June 21, 2007. Quarterly, commencing September 17, 2012, under the terms of the forward swap, which expired on March 15, 2019, the Company paid interest at a fixed rate of 7.02% until March 15, 2019. On May 26, 2010, the Company entered into a forward swap with a notional amount of $9,000,000 effective December 15, 2015, which hedges against changes in cash flows following the termination of the fixed rate period. Quarterly, commencing March 16, 2016 under the terms of the forward swap, the Company pays interest at a fixed rate of 8.49% until March 15, 2020. The swaps entered into in 2009 and 2010 have fair values of $0 and $177,000 (liability), respectively, for a total liability of $177,000 at June 30, 2019 ( $234,000 at December 31, 2018 ). The swap liability is reported as a component of other liabilities on the consolidated balance sheets. A net valuation gain of $45,000 (net of tax) is included in accumulated other comprehensive income related to the swap agreements at June 30, 2019 . A net valuation gain of $295,000 (net of tax) was included in accumulated other comprehensive income related to the swap at December 31, 2018 . We use dollar offset at the hedge's inception and for each reporting period thereafter to assess whether the derivative used in a hedging transaction is expected to be, and has been, effective in offsetting changes in the fair value of the hedged item. Since inception, no portion of the hedged item has been deemed ineffective. For all hedges, we discontinue hedge accounting if it is determined that a derivative is not expected to be, or has ceased to be, effective as a hedge. The Company’s interest rate swaps include provisions requiring the Company to post collateral when the derivative is in a net liability position. At June 30, 2019 , the Company has securities on deposit with fair market values of $297,000 ( $297,000 all of which is posted as collateral). At December 31, 2018 , the Company had securities on deposit with fair market values of $932,000 (all of which is posted as collateral). See Note 4 for additional information about the interest rate swaps.

POLICY AND CLAIM RESERVES

POLICY AND CLAIM RESERVES	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
POLICY AND CLAIM RESERVES	POLICY AND CLAIM RESERVES The Company regularly updates its reserve estimates as new information becomes available and events occur that may impact the resolution of unsettled claims. Reserve estimation can be an inherently uncertain process and reserves estimates can be revised up or down depending on changes in circumstances. Changes in prior years' reserve estimates are reflected in the results of operations in the year such changes are determined. The following table is a reconciliation of beginning and ending property and casualty reserve balances for claims and claim adjustment expense (dollars in thousands): Six months ended 2019 2018 Summary of claims and claim adjustment expense reserves Balance, beginning of year $ 8,208 $ 7,075 Less reinsurance recoverable on unpaid losses 1,384 327 Net balances at beginning of year 6,824 6,748 Net losses: Provision for claims and claim adjustment expenses for claims arising in current year 18,491 17,375 Estimated claims and claim adjustment expenses for claims arising in prior years (943 ) (896 ) Total increases 17,548 16,479 Claims and claim adjustment expense payments for claims arising in: Current year 14,392 13,424 Prior years 3,162 3,144 Total payments 17,554 16,568 Net balance at end of period 6,818 6,659 Plus reinsurance recoverable on unpaid losses 202 188 Claims and claim adjustment expense reserves at end of period $ 7,020 $ 6,847 Claim and claim adjustment expense reserves at before reinsurance recoverable at June 30, 2019 was comparable to the same period last year. Reinsurance recoverable on unpaid losses was higher due to amounts recoverable on unpaid losses associated with Hurricane Michael. The estimate for claims arising in prior years was reduced $946,000 in 2019 (reduced $896,000 in 2018) due to favorable loss development during the year on claims arising in prior years. Accident and Health Claim Reserves The Company, through its life insurance subsidiary, underwrites a limited number of short duration accident and health contracts. These claims are typically settled in three years or less and the reserve for unpaid claims totaled $447,000 at June 30, 2019 ( $358,000 at December 31, 2018). These claims are a component of policy and contract claims which totaled $887,000 at June 30, 2019 ( $792,000 at December 31, 2018).

REINSURANCE

REINSURANCE	6 Months Ended
	Jun. 30, 2019
Reinsurance Disclosures [Abstract]
REINSURANCE	REINSURANCE The Company's insurance operations utilize reinsurance in the risk management process in order to limit losses, minimize exposure to large risks, provide additional capacity for future growth and effect business-sharing arrangements. Life reinsurance is placed through yearly renewable term coverage. Property and casualty reinsurance is placed on an excess of loss basis to cover losses from catastrophe events. Reinsurance contracts do not relieve the insurance subsidiaries of the obligation indemnify policyholders with respect to the underlying insurance contracts. Failure of re-insurers to honor their obligations could result in credit related losses to the insurance subsidiaries. The insurance subsidiaries evaluate the financial conditions of their reinsurance companies and monitor concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the companies to minimize their exposure to significant losses from reinsurance insolvencies. In the normal course of business, NSFC seeks to reduce the loss that may arise from catastrophes or other individually significant large loss events that cause unfavorable underwriting results or have adverse impacts on regulatory capital levels by re-insuring certain levels of risk in various areas of exposure with reinsurance companies. NSFC maintains a catastrophe reinsurance agreement to cover losses from catastrophic events, primarily hurricanes and tropical storms. Under the catastrophe reinsurance program, the Company retains the first $4,000,000 in losses from the first catastrophe event and $2,000,000 from a second catastrophe event. Catastrophe reinsurance coverage is maintained in three layers as follows: Layer Reinsurers' Limits of Liability First Layer 100% of $13,500,000 in excess of $4,000,000 retention Second Layer 100% of $25,000,000 in excess of $17,500,000 Third Layer 100% of $30,000,000 in excess of $42,500,000 Underlying 2nd Event 100% of $2,000,000 in excess of $2,000,000 retention Each reinsurance layer covers events occurring from January 1 through December 31 of the contract year. All significant reinsurance companies under the program carry A.M. Best ratings of A- (Excellent) or higher, or equivalent ratings. The Company's catastrophe reinsurance contract allows for one reinstatement. The Company maintains reinstatement premium protection (RPP) to cover reinstatement premiums incurred. The RPP further reduces risk from a major catastrophe and serves to protect the Company's capital position by reducing the modeled 100 year event net cost. Amounts recoverable from re-insurers are estimated in a manner consistent with the claim liability associated with the underlying insurance policies. Amounts paid for prospective reinsurance contracts are reported as prepaid reinsurance premiums and amortized over the remaining contract period. In the normal course of business, NSIC seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to reinsurance companies under excess coverage contracts. NSIC retains a maximum of $50,000 of coverage per individual life. Cost is amortized over the reinsurance contract period. At June 30, 2019 , the largest reinsurance recoverable of a single reinsurer was $ 15,000 ($ 125,000 at December 31, 2018). Amounts reported as ceded incurred losses were related to development of losses from prior year catastrophes.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The Company and its subsidiaries have an established retirement savings plan (401K Plan). All full-time employees are eligible to participate, and all employer contributions are fully vested for employees who have completed 1,000 hours of service in the year of contribution. Company matching contributions for the six months ended June 30, 2019 and 2018 amounted to $90,000 and $88,000 , respectively. The Company contributes dollar-for-dollar matching contributions up to 5% of compensation subject to government limits. The Company established a non-qualified plan under which Company directors are allowed to defer all or a portion of directors' fees into various investment options. A supplemental executive retirement plan (SERP) covers named executive officers, with the Company contributing 15% of executive compensation to the plan. Contributions to the plan are fully vested upon the earlier of death, disability, change in control, or ten years of participation in the plan. Costs for amounts related to the non-qualified deferred compensation plans for the six months ended June 30, 2019 and 2018 amounted to an approximate increase of $346,000 and $16,000 in employee benefit related expenses, respectively. The Company and its subsidiaries established an Employee Stock Ownership Plan (ESOP) in January 2010, to enable eligible employees to acquire a proprietary interest in the Company's common stock and to provide retirement and other benefits to such employees. There were no contributions during the six months ended June 30, 2019 and contributions of $232,000 during the six months ended June 30, 2018. All contributions were made in cash for purchase of Company shares in the open market. The Company has not allocated newly issued shares directly to the plan and the plan has no debt.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY During the six months ended June 30, 2019 and year ended December 31, 2018 , changes in shareholders' equity consisted of net income of $1,856,000 and net income of $779,000 , respectively; dividends paid of $253,000 in 2019 and $505,000 in 2018; other comprehensive income of $3,531,000 in 2019 and other comprehensive loss of $2,109,000 in 2018. Other comprehensive income/loss consisted of changes in accumulated unrealized gains/losses on securities available-for-sale and changes in accumulated unrealized losses on interest rate swaps. Preferred Stock Preferred Stock may be issued in one or more series as shall from time to time be determined and authorized by the Board of Directors. The directors may make specific provisions regarding (a) the voting rights, if any (b) whether such dividends are to be cumulative or noncumulative (c) the redemption provisions, if any (d) participating rights, if any (e) any sinking fund or other retirement provisions (f) dividend rates (g) the number of shares of such series and (h) liquidation preference. There is currently no Preferred Stock issued or outstanding. Common Stock The holders of the Class A Common Stock will have one-twentieth of one vote per share, and the holders of the common stock will have one vote per share. There is currently no Class A Common Stock issued or outstanding. In the event of any liquidation, dissolution or distribution of the assets of the Company remaining after the payments to the holders of the Preferred Stock of the full preferential amounts to which they may be entitled as provided in the resolution or resolutions creating any series thereof, the remaining assets of the Company shall be divided and distributed among the holders of both classes of common stock, except as may otherwise be provided in any such resolution or resolutions. The table below provides information regarding the Company's preferred and common stock as of June 30, 2019 and December 31, 2018 : June 30, 2019 December 31, 2018 Authorized Issued Outstanding Authorized Issued Outstanding Preferred Stock, $1 par value 500,000 — — 500,000 — — Class A Common Stock, $1 par value 2,000,000 — — 2,000,000 — — Common Stock, $1 par value 3,000,000 2,531,552 2,531,552 3,000,000 2,527,136 2,527,136 On May 17, 2019, 4,416 shares of common stock were issued to directors as compensation under the 2009 Equity Incentive Plan previously approved by shareholders.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) ("AOCI") includes certain items that are reported directly within a separate component of shareholders' equity. The following table presents changes in AOCI balances (dollars in thousands): Six months ended 2019 2018 Gains and Losses on Cash Flow Hedges Balance at beginning of period $ (185 ) $ (480 ) Other comprehensive income for period: Other comprehensive gain before reclassifications 45 207 Net current period other comprehensive income 45 207 Balance at end of period $ (140 ) $ (273 ) Unrealized Gains and Losses on Available-for-Sale Securities Balance at beginning of period $ (1,385 ) $ 3,126 Other comprehensive income (loss) for period: Other comprehensive income (loss) before reclassifications 3,498 (2,085 ) Reclassification adjustment - gains on equity securities — (2,107 ) Amounts reclassified from accumulated other comprehensive income (loss) (12 ) (102 ) Net current period other comprehensive income (loss) 3,486 (4,294 ) Balance at end of period $ 2,101 $ (1,168 ) Total Accumulated Other Comprehensive Income (Loss) at end of period $ 1,961 $ (1,441 ) The following table presents the amounts reclassified out of AOCI for the six months ended June 30, 2019 (dollars in thousands): Details about Accumulated Other Comprehensive Income Components Amounts Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Statement Where Net Income is Presented Unrealized Gains and Losses on Available-for-Sale Securities $ 15 Net investment gains 15 Total before tax (3 ) Tax (expense) or benefit $ 12 Net of Tax The following table presents the amounts reclassified out of AOCI for the six months ended June 30, 2018 (dollars in thousands): Details about Accumulated Other Comprehensive Income Components Amounts Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Statement Where Net Income is Presented Unrealized Gains and Losses on Available-for-Sale Securities $ 129 Net investment gains 129 Total before tax (27 ) Tax (expense) or benefit $ 102 Net of Tax

SEGMENTS

SEGMENTS	6 Months Ended
	Jun. 30, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
SEGMENTS	SEGMENTS The Company’s property and casualty insurance operations comprise one business segment. The property and casualty insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, homeowners (including mobile homeowners) and other liability. Management organizes the business utilizing a niche strategy focusing on lower valued dwellings and older homes that can be difficult to insure in the standard insurance market. Our chief decision makers (Chief Executive Officer, Chief Financial Officer and subsidiary President) review results and operating plans making decisions on resource allocations on a company-wide basis. The Company’s products are primarily produced through independent agents within the states in which we operate. The Company’s life and accident and health operations comprise the second business segment. The life and accident and health insurance segment consists of two lines of business: traditional life insurance and supplemental accident and health insurance. Total assets by industry segment at June 30, 2019 and December 31, 2018 are summarized below ( dollars in thousands ): Assets by industry segment Total P&C Insurance Operations Life Insurance Operations Non-Insurance Operations June 30, 2019 $ 151,858 $ 84,021 $ 63,485 $ 4,352 December 31, 2018 $ 144,231 $ 80,994 $ 59,479 $ 3,758 Premium revenues and operating income by business segment for the three and six months ended June 30, 2019 and 2018 are summarized below ( dollars in thousands ): Three months ended June 30, 2019 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter- company Eliminations Total REVENUE Net premiums earned $ 13,467 $ 1,523 $ — $ — $ 14,990 Net investment income 442 639 11 (135 ) 957 Investment gains 18 83 16 — 117 Other income 146 217 284 (501 ) 146 14,073 2,462 311 (636 ) 16,210 BENEFITS AND EXPENSES Policyholder benefits paid 9,566 1,448 — (114 ) 10,900 Amortization of deferred policy acquisition costs 681 158 — — 839 Commissions 1,920 58 — — 1,978 General and administrative expenses 2,196 467 275 (522 ) 2,416 Taxes, licenses and fees 539 60 — — 599 Interest expense — 11 280 — 291 14,902 2,202 555 (636 ) 17,023 Income (Loss) Before Income Taxes (829 ) 260 (244 ) — (813 ) INCOME TAX EXPENSE (BENEFIT) (192 ) 23 (57 ) — (226 ) Net Income (Loss) $ (637 ) $ 237 $ (187 ) $ — $ (587 ) Three months ended June 30, 2018 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter-company Eliminations Total REVENUE Net premiums earned $ 13,711 $ 1,549 $ — $ — $ 15,260 Net investment income 435 681 14 (135 ) 995 Investment losses (58 ) (142 ) — — (200 ) Other income 148 245 279 (524 ) 148 14,236 2,333 293 (659 ) 16,203 BENEFITS AND EXPENSES Policyholder benefits paid 8,391 1,523 — (142 ) 9,772 Amortization of deferred policy acquisition costs 690 97 — — 787 Commissions 1,665 67 — — 1,732 General and administrative expenses 2,334 582 269 (517 ) 2,668 Taxes, licenses and fees 313 36 — — 349 Interest expense — 13 296 — 309 13,393 2,318 565 (659 ) 15,617 Income (Loss) Before Income Taxes 843 15 (272 ) — 586 INCOME TAX EXPENSE (BENEFIT) 171 15 (57 ) — 129 Net Income (Loss) $ 672 $ — $ (215 ) $ — $ 457 Six months ended June 30, 2019 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter- company Eliminations Total REVENUE Net premiums earned $ 26,728 $ 2,980 $ — $ — $ 29,708 Net investment income 851 1,314 24 (270 ) 1,919 Investment gains 2,041 177 19 — 2,237 Other income 282 463 519 (972 ) 292 29,902 4,934 562 (1,242 ) 34,156 BENEFITS AND EXPENSES Policyholder benefits paid 17,548 2,613 — (238 ) 19,923 Amortization of deferred policy acquisition costs 1,362 457 — — 1,819 Commissions 3,876 135 — — 4,011 General and administrative expenses 4,130 940 682 (1,004 ) 4,748 Taxes, licenses and fees 1,131 155 — — 1,286 Interest expense — 21 565 — 586 28,047 4,321 1,247 (1,242 ) 32,373 Income (Loss) Before Income Taxes 1,855 613 (685 ) — 1,783 INCOME TAX EXPENSE (BENEFIT) (43 ) 119 (149 ) — (73 ) Net Income (Loss) $ 1,898 $ 494 $ (536 ) $ — $ 1,856 Six months ended June 30, 2018 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter-company Eliminations Total REVENUE Net premiums earned $ 27,242 $ 3,077 $ — $ — $ 30,319 Net investment income 825 1,332 28 (270 ) 1,915 Investment losses (371 ) (93 ) — — (464 ) Other income 308 463 506 (968 ) 309 28,004 4,779 534 (1,238 ) 32,079 BENEFITS AND EXPENSES Policyholder benefits paid 16,479 2,972 — (252 ) 19,199 Amortization of deferred policy acquisition costs 1,380 210 — — 1,590 Commissions 3,677 115 — — 3,792 General and administrative expenses 4,113 1,231 313 (986 ) 4,671 Taxes, licenses and fees 866 132 — — 998 Interest expense — 25 586 — 611 26,515 4,685 899 (1,238 ) 30,861 Income (Loss) Before Income Taxes 1,489 94 (365 ) — 1,218 INCOME TAX EXPENSE (BENEFIT) 333 33 (76 ) — 290 Net Income (Loss) $ 1,156 $ 61 $ (289 ) $ — $ 928 The following table presents the Company’s gross and net premiums written for the property and casualty segment and the life and accident and health segment for the three and six months ended June 30, 2019 and 2018, respectively: Three months ended Six months ended 2019 2018 2019 2018 Life, accident and health operations premiums written: Traditional life insurance $ 1,032 $ 1,077 $ 2,089 $ 2,197 Accident and health insurance 348 396 753 811 Gross life, accident and health 1,380 1,473 2,842 3,008 Reinsurance premium ceded (15 ) (28 ) (53 ) (59 ) Net life, accident and health premiums written $ 1,365 $ 1,445 $ 2,789 $ 2,949 Property and Casualty operations premiums written: Dwelling fire & extended coverage $ 10,411 $ 10,113 $ 20,339 $ 19,666 Homeowners (Including mobile homeowners) 5,892 6,064 10,863 11,376 Other liability 607 594 1,182 1,159 Gross property and casualty 16,910 16,771 32,384 32,201 Reinsurance premium ceded (1,927 ) (1,735 ) (3,225 ) (2,889 ) Net property and casualty written $ 14,983 $ 15,036 $ 29,159 $ 29,312 Consolidated gross premiums written $ 18,290 $ 18,244 $ 35,226 $ 35,209 Reinsurance premium ceded (1,942 ) (1,763 ) (3,278 ) (2,948 ) Consolidated net premiums written $ 16,348 $ 16,481 $ 31,948 $ 32,261 The following table presents the Company’s gross and net premiums earned for the property and casualty segment and the life and accident and health segment for the three and six months ended June 30, 2019 and 2018, respectively: Three months ended Six months ended 2019 2018 2019 2018 Life, accident and health operations premiums earned: Traditional life insurance $ 1,151 $ 1,182 $ 2,241 $ 2,326 Accident and health insurance 387 395 792 810 Gross life, accident and health 1,538 1,577 3,033 3,136 Reinsurance premium ceded (15 ) (28 ) (53 ) (59 ) Net life, accident and health premiums earned $ 1,523 $ 1,549 $ 2,980 $ 3,077 Property and Casualty operations premiums earned: Dwelling fire & extended coverage $ 9,477 $ 9,273 $ 18,757 $ 18,389 Homeowners (Including mobile homeowners) 5,211 5,474 10,407 10,971 Other liability 553 546 1,094 1,076 Gross property and casualty 15,241 15,293 30,258 30,436 Reinsurance premium ceded (1,774 ) (1,582 ) (3,530 ) (3,194 ) Net property and casualty earned $ 13,467 $ 13,711 $ 26,728 $ 27,242 Consolidated gross premiums earned $ 16,779 $ 16,870 $ 33,291 $ 33,572 Reinsurance premium ceded (1,789 ) (1,610 ) (3,583 ) (3,253 ) Consolidated net premiums earned $ 14,990 $ 15,260 $ 29,708 $ 30,319

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company and its subsidiaries are routinely a defendant in or party to pending or threatened legal actions and proceedings related to the conduct of their insurance operations. These suits can involve alleged breaches of contracts, torts, including bad faith and fraud claims based on alleged wrongful or fraudulent acts of the Company's subsidiaries, and other miscellaneous causes of action. It is inherently difficult to predict the outcome of such matters, particularly when the claimant seeks very large or indeterminate damages or when the matters present novel legal theories or involve multiple parties. An accrued liability is established when loss contingencies are both probable and estimable. However, there is potential loss exposure in excess of any accrued amounts. The Company monitors pending matters for further development that could affect the amount of the accrued liability. The Company's property & casualty subsidiaries had one action remaining in Texas filed in the aftermath of Hurricane Ike at June 30, 2019 . This is an individual action with allegations of underpayment of a hurricane-related claim. The suit seeks a variety of remedies, including actual and/or punitive damages in unspecified amounts and/or declaratory relief. The Company maintains loss and loss adjustment expense reserves on litigated claims that occur in the routine course of business in the insurance operations of the subsidiaries. These reserves are included in the liability for benefit and loss reserves on the balance sheet.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest during the six months ended June 30, 2019 was $518,000 ( $533,000 in 2018). Cash received from income taxes during the six months ended June 30, 2019 was $373,000 . There was no cash received from or paid for income taxes during the six months ended June 30, 2018 . During the six months ended June 30, 2019, non-cash changes in equity included $5,000 in common stock issued to Directors in lieu of cash compensation along with a corresponding $48,000 increase in additional paid-in capital.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Management has evaluated subsequent events and their potential effects on these condensed consolidated financial statements through the filing date of this Form 10-Q.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	The accompanying consolidated financial statements include the accounts of The National Security Group, Inc. (the Company) and its wholly-owned subsidiaries: National Security Insurance Company (NSIC), National Security Fire and Casualty Company (NSFC) and NATSCO, Inc. (NATSCO). NSFC includes a wholly-owned subsidiary, Omega One Insurance Company (Omega). The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP). In the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair presentation of the consolidated financial statements have been included. All significant intercompany transactions and accounts have been eliminated in the consolidated financial statements. The financial information presented herein should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, which includes information and disclosures not presented herein.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Among the more significant estimates included in these consolidated financial statements are reserves for future life insurance policy benefits, liabilities for losses and loss adjustment expenses, reinsurance recoverable associated with loss and loss adjustment expense liabilities, deferred policy acquisition costs, deferred income tax assets and liabilities, assessments of other-than-temporary impairments on investments and accruals for contingencies. Actual results could differ from the estimates used in preparing these consolidated financial statements.
Earnings Per Share	Earnings per share of common stock is based on the weighted average number of shares outstanding during each year. The adjusted weighted average shares outstanding were 2,528,233 at June 30, 2019 and 2,523,484 at June 30, 2018 . The Company did no t have any dilutive securities as of June 30, 2019 and 2018.
Reclassifications	Certain 2018 amounts have been reclassified from the prior year consolidated financial statements to conform to the 2019 presentation.
Concentration of Credit Risk	The Company maintains cash balances which are generally held in non-interest bearing demand deposit accounts subject to FDIC insured limits of $250,000 per entity. At June 30, 2019 , the net amount exceeding FDIC insured limits was $ 4,362,000 at three financial institutions. The Company has not experienced any losses in such accounts. Management of the Company reviews financial information of financial institutions on a quarterly basis and believes the Company is not exposed to any significant credit risk on cash and cash equivalents. Policy receivables are reported at unpaid balances. Policy receivables are generally offset by associated unearned premium liabilities and are not subject to significant credit risk. Receivables from agents, less provision for credit losses, are composed of balances due from independent agents. At June 30, 2019 , the single largest balance due from one agent totaled $805,000 . Reinsurance contracts do not relieve the Company of its obligations to policyholders. A failure of a reinsurer to meet its obligation could result in losses to the insurance subsidiaries. Allowances for losses on reinsurance recoverables are established if amounts are believed to be uncollectible. At June 30, 2019 and December 31, 2018, no amounts were deemed uncollectible. The Company, at least annually, evaluates the financial condition of all reinsurers and evaluates any potential concentrations of credit risk. At June 30, 2019 , management does not believe the Company is exposed to any significant credit risk related to its reinsurance program.
Accounting Changes Not Yet Adopted and Recently Adopted Accounting Standards	Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued guidance to that removes, modifies and adds to the disclosure requirements related to fair value measurements. The guidance removes the requirements to disclose the amount and reasons for transfers between Level 1 and Level 2 assets, the policy for timing and transfers between levels and the valuation process for Level 3 fair value measurements. The guidance modifies disclosure requirements for investments in certain entities that calculate net asset value and clarifies the purpose of the measurement uncertainty disclosure. The guidance adds requirements to disclose changes in unrealized gains or losses included in other comprehensive income for recurring Level 3 fair value measurements and to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company does not expect the adoption to have a material impact on its financial position or results of operations. Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued guidance to improve the existing recognition, measurement, presentation and disclosure requirements for long-duration contracts issued by an insurance entity. The guidance improves timeliness of recognizing changes in the liability for future policy benefits and modifies the rate used to discount future cash flows. The guidance will simplify and improve accounting for certain market-based options or guarantees associated with deposit type contracts and simplify the amortization of deferred policy acquisition costs. The guidance also introduces certain financial statement presentation requirements, as well as significant additional quantitative and qualitative disclosures. The guidance is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. Due to the nature and extent of the changes required to the Company’s life insurance operations, the adoption of this standard is expected to have a material impact on the consolidated financial statements. Contingent Put and Call Options in Debt Instruments In March 2016, the FASB issued guidance that clarifies the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within those years. The Company does not expect the adoption to have a material impact on its financial position or results of operations. Financial Instruments - Credit Losses In June 2016, the FASB issued guidance that replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The FASB released additional guidance in November 2018 that provides scope clarification. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within those years. The Company does not expect the adoption to have a material impact on its financial position or results of operations. Recently Adopted Accounting Standards Improvements to Nonemployee Share-Based Payment Accounting In June 2018, the FASB issued guidance to simplify the accounting for nonemployee share-based payment awards. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. The Company does not make any material share-based payments. The Company adopted this guidance on January 1, 2019. The adoption of this guidance did not have a material impact on its financial position or results of operations. Derivatives and Hedging In August 2017, the FASB issued guidance that amends and simplifies hedge accounting guidance in order to enable entities to better portray the economic results of their risk management activities. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. The Company adopted this guidance on January 1, 2019 and had two swaps designated as cash flow hedges. One expired March 15, 2019 and one expires March 15, 2020. The adoption of this guidance did not have a significant impact on our financial position, results of operations, cash flows or related disclosures. Leases In February 2016, the FASB issued guidance that requires lessees (for capital and operating leases) to recognize the lease liability and right-of-use (ROU) asset at the commencement date of the lease. Additional transition guidance was issued in 2018 and 2019. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those years. The Company adopted this guidance on January 1, 2019 and recorded a ROU asset of $299,000 and corresponding lease liability of $306,000 . The ROU asset and operating lease liability are included in other assets and other liabilities, respectively, on our Condensed Consolidated Balance Sheets as of January 1, 2019. The Company elected the package of practical expedients permitted under the guidance, which allowed the Company to account for existing leases under their current classification, as well as omit any new costs classified as initial direct costs, under the new guidance. Based on this election, the Company kept existing agreements as operating leases. The Company also elected the practical expedient allowing an accounting policy election by class of underlying asset, to account for separate lease and nonlease components as a single lease component. The Company leases automobiles and some office equipment. These leases are not considered material. Adoption of this guidance had no material impact on the Company's financial position, results of operations, cash flows or related disclosures.
Consolidation, Variable Interest Entities	The Company holds a passive interest in a limited partnership that is considered to be a Variable Interest Entity (VIE) under the provisions of ASC 810 Consolidation . The Company is not the primary beneficiary of the entity and is not required to consolidate under ASC 810. The entity is a private placement investment fund formed for the purpose of investing in private equity investments. The Company owns less than 1% of the limited partnership. The carrying value of the investment totals $116,000 and is included as a component of Other Invested Assets in the accompanying condensed consolidated balance sheets.
Marketable Securities	For securities in an unrealized loss position, the Company assesses whether the Company has the intent to sell the security or more-likely-than-not will be required to sell the security before the anticipated recovery. If either of these conditions is met, the Company is required to recognize an other-than-temporary impairment with the entire unrealized loss reported in earnings. For securities in an unrealized loss position that do not meet these conditions, the Company assesses whether the impairment of a security is other-than-temporary. If the impairment is determined to be other-than-temporary, the Company is required to separate the other-than-temporary impairments into two components: the amount representing the credit loss and the amount related to all other factors. The credit loss is the portion of the amortized book value in excess of the net present value of the projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment. The credit loss component of other-than-temporary impairments is reported in earnings, whereas the amount relating to factors other than credit losses are recorded in other comprehensive income, net of taxes.
Fair Values of Financial Instruments	The following methods and assumptions were used to estimate fair value of each class of financial instrument for which it is practical to estimate that value: Cash and cash equivalents — the carrying amount is a reasonable estimate of fair value. Fixed maturities held-to-maturity — the carrying amount is amortized cost; the fair values of the Company’s public fixed maturity securities that are classified as held-to-maturity are generally based on prices obtained from independent pricing services. Mortgage loans — the carrying amount is a reasonable estimate of fair value due to the restrictive nature and limited marketability of the mortgage notes. Policy loans — the carrying amount is a reasonable estimate of fair value. Company owned life insurance — the carrying amount is a reasonable estimate of fair value. Other invested assets — the carrying amount is a reasonable estimate of fair value. Other policyholder funds — the carrying amount is a reasonable estimate of fair value. Debt — the carrying amount is a reasonable estimate of fair value. Fixed maturities available-for-sale — The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Consistent with the fair value hierarchy described above, securities with quoted market prices in active markets for identical assets are reflected within Level 1 while securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Trading securities — Trading securities consist primarily of mutual funds whose fair values are determined consistent with similar instruments described above under “Fixed Maturities” and below under “Equity Securities.” Equity securities — Equity securities consist principally of investments in common and preferred stock of publicly traded companies and privately traded securities. The fair values of our publicly traded equity securities are based on quoted market prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for our privately traded equity securities require a substantial level of judgment. Privately traded equity securities are classified within Level 3. Interest rate swaps — Interest rate swaps are recorded at fair value either as assets, within other assets or as liabilities, within other liabilities. The fair values of our interest rate swaps are provided by a third-party broker and are classified within Level 3. Our available-for-sale securities consists of fixed maturity and equity securities which are recorded at fair value in the accompanying consolidated balance sheets. We are permitted to elect to measure financial instruments and certain other items at fair value, with the change in fair value recorded in earnings. We elected not to measure any eligible items using the fair value option. Accounting standards define fair value as the price that would be received to sell an asset or would be paid to transfer a liability in an orderly transaction between market participants at the measurement date, and establishes a framework to make the measurement of fair value more consistent and comparable. In determining fair value, we primarily use prices and other relevant information generated by market transactions involving identical or comparable assets. The Company categorizes assets and liabilities carried at their fair value based upon a fair value hierarchy: Level 1 – Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 1 assets and liabilities consist of money market fund deposits and certain of our marketable debt and equity instruments, including equity instruments offsetting deferred compensation, that are traded in an active market with sufficient volume and frequency of transactions. Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets include certain of our marketable debt and equity instruments with quoted market prices that are traded in less active markets or priced using a quoted market price for similar instruments. Level 2 assets also include marketable equity instruments with security-specific restrictions that would transfer to the buyer, marketable debt instruments priced using indicator prices which represent non-binding market consensus prices that can be corroborated by observable market quotes, as well as derivative contracts and debt instruments priced using inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Marketable debt instruments in this category generally include commercial paper, bank time deposits, repurchase agreements for fixed-income instruments, and a majority of floating-rate notes, corporate bonds, and municipal bonds. Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. Level 3 assets and liabilities include marketable debt instruments, non-marketable equity investments, derivative contracts, and company issued debt with values are determined using inputs that are both unobservable and significant to the values of the instruments being measured. Level 3 assets also include marketable debt instruments that are priced using indicator prices that we were unable to corroborate with observable market quotes. Marketable debt instruments in this category generally include asset-backed securities and certain floating-rate notes, corporate bonds, and municipal bonds.
Derivatives	The Company is exposed to certain risks in the normal course of its business operations. The primary risk that is managed through the use of derivatives is interest rate risk on floating rate borrowings. This risk is managed through the use of interest rate swap agreements which are designated as cash flow hedges. For cash flow hedges, the effective portion of the gain or loss on the interest rate swap is included as a component of other comprehensive income and reclassified into earnings in the same period during which the hedged transaction is recognized in earnings. The Company does not hold or issue derivatives that are not designated as hedging instruments. The swap liability is reported as a component of other liabilities on the consolidated balance sheets. We use dollar offset at the hedge's inception and for each reporting period thereafter to assess whether the derivative used in a hedging transaction is expected to be, and has been, effective in offsetting changes in the fair value of the hedged item. Since inception, no portion of the hedged item has been deemed ineffective. For all hedges, we discontinue hedge accounting if it is determined that a derivative is not expected to be, or has ceased to be, effective as a hedge.
Reinsurance	The Company's insurance operations utilize reinsurance in the risk management process in order to limit losses, minimize exposure to large risks, provide additional capacity for future growth and effect business-sharing arrangements. Life reinsurance is placed through yearly renewable term coverage. Property and casualty reinsurance is placed on an excess of loss basis to cover losses from catastrophe events. Reinsurance contracts do not relieve the insurance subsidiaries of the obligation indemnify policyholders with respect to the underlying insurance contracts. Failure of re-insurers to honor their obligations could result in credit related losses to the insurance subsidiaries. The insurance subsidiaries evaluate the financial conditions of their reinsurance companies and monitor concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the companies to minimize their exposure to significant losses from reinsurance insolvencies. In the normal course of business, NSFC seeks to reduce the loss that may arise from catastrophes or other individually significant large loss events that cause unfavorable underwriting results or have adverse impacts on regulatory capital levels by re-insuring certain levels of risk in various areas of exposure with reinsurance companies. NSFC maintains a catastrophe reinsurance agreement to cover losses from catastrophic events, primarily hurricanes and tropical storms Amounts recoverable from re-insurers are estimated in a manner consistent with the claim liability associated with the underlying insurance policies. Amounts paid for prospective reinsurance contracts are reported as prepaid reinsurance premiums and amortized over the remaining contract period. In the normal course of business, NSIC seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to reinsurance companies under excess coverage contracts. NSIC retains a maximum of $50,000 of coverage per individual life. Cost is amortized over the reinsurance contract period.
Business Segment	The Company’s life and accident and health operations comprise the second business segment. The life and accident and health insurance segment consists of two lines of business: traditional life insurance and supplemental accident and health insurance. The Company’s property and casualty insurance operations comprise one business segment. The property and casualty insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, homeowners (including mobile homeowners) and other liability.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
Schedule of Amortized Cost and Aggregate Fair Values of Investments in Available-for-Sale Securities	The amortized cost and aggregate fair values of investments in available-for-sale securities as of June 30, 2019 are as follows ( dollars in thousands ): Available-for-sale securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government corporations and agencies $ 4,164 $ 128 $ 19 $ 4,273 Agency mortgage backed securities 31,662 1,101 119 32,644 Asset backed securities 11,176 37 170 11,043 Private label mortgage backed securities 7,164 456 — 7,620 Corporate bonds 37,035 1,321 248 38,108 States, municipalities and political subdivisions 8,071 133 2 8,202 Foreign governments 812 42 — 854 Total fixed maturities 100,084 3,218 558 102,744 Equity securities 1,849 2,616 — 4,465 Total $ 101,933 $ 5,834 $ 558 $ 107,209 The amortized cost and aggregate fair values of investments in available-for-sale securities as of December 31, 2018 are as follows ( dollars in thousands ): Available-for-sale securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government corporations and agencies $ 4,820 $ 31 $ 107 $ 4,744 Agency mortgage backed securities 27,492 159 545 27,106 Asset backed securities 10,901 7 248 10,660 Private label mortgage backed securities 5,869 105 27 5,947 Corporate bonds 36,935 407 1,551 35,791 States, municipalities and political subdivisions 10,059 105 91 10,073 Foreign governments 801 3 — 804 Total fixed maturities 96,877 817 2,569 95,125 Equity securities 1,842 2,464 — 4,306 Total $ 98,719 $ 3,281 $ 2,569 $ 99,431
Schedule of Held-to-Maturity Securities	The amortized cost and aggregate fair values of investments in held-to-maturity securities as of June 30, 2019 are as follows ( dollars in thousands ): Held-to-maturity securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Agency mortgage backed securities $ 1,388 $ 54 $ — $ 1,442 Total $ 1,388 $ 54 $ — $ 1,442 The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2018 are as follows ( dollars in thousands ): Held-to-maturity securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Agency mortgage backed securities $ 1,449 $ 16 $ 22 $ 1,443 Total $ 1,449 $ 16 $ 22 $ 1,443
Schedule of Amortized Cost and Aggregate Fair Value of Debt Securities, by Contractual Maturity	The amortized cost and aggregate fair value of debt securities at June 30, 2019 , by contractual maturity, are presented in the following table ( dollars in thousands ). Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in Thousands) Amortized Cost Fair Value Available-for-sale securities: Due in one year or less $ 1,878 $ 1,890 Due after one year through five years 17,029 17,432 Due after five years through ten years 27,236 27,764 Due after ten years 53,941 55,658 Total $ 100,084 $ 102,744 Held-to-maturity securities: Due in one year or less $ — $ — Due after one year through five years 36 38 Due after five years through ten years 4 5 Due after ten years 1,348 1,399 Total $ 1,388 $ 1,442
Schedule of Securities with Unrealized Losses	A summary of securities available-for-sale with unrealized losses as of June 30, 2019 , along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows ( dollars in thousands ): Less than 12 months 12 months or longer Total June 30, 2019 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Total Securities in a Loss Position U.S. Government corporations and agencies $ — $ — $ 500 $ 19 $ 500 $ 19 1 Agency mortgage backed securities 1,032 11 4,895 108 5,927 119 15 Asset backed securities 3,282 65 4,908 105 8,190 170 12 Corporate bonds 2,188 61 6,297 187 8,485 248 15 States, municipalities and political subdivisions — — 520 2 520 2 1 $ 6,502 $ 137 $ 17,120 $ 421 $ 23,622 $ 558 44 There were no securities held-to-maturity with unrealized losses as of June 30, 2019 . A summary of securities available-for-sale with unrealized losses as of December 31, 2018 , along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows ( dollars in thousands ): Less than 12 months 12 months or longer Total December 31, 2018 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Total Securities in a Loss Position U.S. Government corporations and agencies $ — $ — $ 3,209 $ 107 $ 3,209 $ 107 6 Agency mortgage backed securities 5,504 45 10,969 500 16,473 545 38 Asset backed securities 5,824 146 2,741 102 8,565 248 12 Private label mortgage backed securities 1,348 27 — — 1,348 27 2 Corporate bonds 16,583 709 9,823 842 26,406 1,551 51 States, municipalities and political subdivisions 1,242 10 4,420 81 5,662 91 11 $ 30,501 $ 937 $ 31,162 $ 1,632 $ 61,663 $ 2,569 120 A summary of securities held-to-maturity with unrealized losses as of December 31, 2018 along with the related fair value, aggregated by the length of time that investments have been in a continuous unrealized loss position, is as follows: Less than 12 months 12 months or longer Total December 31, 2018 Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Total Securities in a Loss Position Agency mortgage backed securities $ 1,026 $ 22 $ — $ — $ 1,026 $ 22 2 $ 1,026 $ 22 $ — $ — $ 1,026 $ 22 2
Summary of Major Categories of Investment Income	Major categories of investment income are summarized as follows (dollars in thousands): Three months ended Six months ended 2019 2018 2019 2018 Fixed maturities $ 934 $ 963 $ 1,871 $ 1,854 Equity securities 20 20 47 40 Mortgage loans on real estate 2 2 4 4 Investment real estate 1 — 3 1 Policy loans 35 35 69 70 Other 4 7 7 15 996 1,027 2,001 1,984 Less: Investment expenses 39 32 82 69 Net investment income $ 957 $ 995 $ 1,919 $ 1,915
Schedule of Realized Investments Gains (Losses)	Major categories of investment gains and losses are summarized as follows (dollars in thousands): Three months ended Six months ended 2019 2018 2019 2018 Realized gains on fixed maturities $ 5 $ 48 $ 15 $ 129 Gains (losses) on trading securities 5 — 8 — Change in fair value of equity securities 26 (163 ) 152 (369 ) Change in surrender value of company owned life insurance 81 3 270 (136 ) Realized gain on company owned life insurance — — 1,792 — Other, principally real estate — (88 ) — (88 ) Net investment gains (losses) $ 117 $ (200 ) $ 2,237 $ (464 )
Schedule of Net Change in Unrealized Appreciation	An analysis of the net change in unrealized gains (losses) on available-for-sale securities follows (dollars in thousands): June 30, December 31, 2018 Fixed maturities $ 4,412 $ (3,042 ) Deferred income tax (926 ) 638 Change in net unrealized gains (losses) on available-for-sale securities $ 3,486 $ (2,404 )

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands): Fair Value Measurements at Reporting Date Using Description Total Level 1 Level 2 Level 3 Financial Assets Fixed maturities available-for-sale U.S. Government corporations and agencies $ 4,744 $ 4,147 $ 597 $ — Agency mortgage backed securities 27,106 11,756 15,350 — Asset backed securities 10,560 2,839 7,721 — Corporate bonds 35,791 — 35,791 — Private label asset backed securities 5,947 — 5,947 — States, municipalities and political subdivisions 10,073 — 10,073 — Foreign governments 804 804 — — Trading securities 107 107 — — Equity securities available-for-sale 4,306 3,181 — 1,125 Total Financial Assets $ 99,438 $ 22,834 $ 75,479 $ 1,125 Financial Liabilities Interest rate swap $ (234 ) $ — $ — $ (234 ) Total Financial Liabilities $ (234 ) $ — $ — $ (234 ) Financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 are summarized in the following table by the type of inputs applicable to the fair value measurements (in thousands): Fair Value Measurements at Reporting Date Using Description Total Level 1 Level 2 Level 3 Financial Assets Fixed maturities available-for-sale U.S. Government corporations and agencies $ 4,273 $ 4,273 $ — $ — Agency mortgage backed securities 32,644 18,788 13,856 — Asset backed securities 11,043 2,823 8,220 — Corporate bonds 38,108 — 38,108 — Private label asset backed securities 7,620 1,367 6,253 — States, municipalities and political subdivisions 8,202 — 8,202 — Foreign governments 854 854 — — Trading securities 141 141 — — Equity securities 4,465 3,275 — 1,190 Total Financial Assets $ 107,350 $ 31,521 $ 74,639 $ 1,190 Financial Liabilities Interest rate swap $ (177 ) $ — $ — $ (177 ) Total Financial Liabilities $ (177 ) $ — $ — $ (177 )
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2019 (in thousands): For the six months June 30, 2019 Equity Securities Interest Rate Swap Beginning balance $ 1,125 $ (234 ) Total gains or losses (realized and unrealized): Included in earnings 65 — Included in other comprehensive income — 57 Purchases: — — Sales: — — Issuances: — — Settlements: — — Transfers in/(out) of Level 3 — — Ending balance $ 1,190 $ (177 ) The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of June 30, 2019: $ — $ — The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2018 (in thousands): For the year ended December 31, 2018 Equity Securities Available-for-Sale Interest Rate Swap Beginning balance $ 1,073 $ (608 ) Total gains or losses (realized and unrealized): Included in earnings 52 — Included in other comprehensive income — 374 Purchases: — — Sales: — — Issuances: — — Settlements: — — Transfers in/(out) of Level 3 — — Ending balance $ 1,125 $ (234 ) The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held as of December 31, 2018: $ — $ —
Schedule of Fair Value, by Balance Sheet Grouping	The carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2019 and December 31, 2018 are as follows (in thousands): June 30, 2019 December 31, 2018 Assets and related instruments Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Held-to-maturity securities $ 1,388 $ 1,442 $ 1,449 $ 1,443 Mortgage loans 151 151 156 156 Policy loans 1,876 1,876 1,854 1,854 Company owned life insurance 4,631 4,631 4,600 4,600 Other invested assets 2,217 2,217 2,148 2,148 Liabilities and related instruments Other policyholder funds 1,480 1,480 1,515 1,515 Short-term notes payable and current portion of long-term debt 2,200 2,200 2,200 2,200 Long-term debt 12,158 12,158 12,152 12,152

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Major categories of property and equipment are summarized as follows (dollars in thousands): June 30, 2019 December 31, 2018 Building and improvements $ 3,378 $ 3,378 Electronic data processing equipment 1,508 1,504 Furniture and fixtures 477 477 5,363 5,359 Less accumulated depreciation 3,773 3,710 Property and equipment, net $ 1,590 $ 1,649

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The tax effect of significant differences representing deferred tax assets and liabilities are as follows (dollars in thousands): As of June 30, As of December 31, General expenses $ 1,142 $ 1,067 Unearned premiums 1,356 1,265 Claims liabilities 565 552 Impairment on real estate owned 119 119 Unrealized losses on securities available-for-sale — 368 Unrealized loss on interest rate swaps 37 49 Deferred tax assets 3,219 3,420 Trading securities (1 ) — Depreciation (75 ) (79 ) Deferred policy acquisition costs (1,658 ) (1,645 ) Pre-1984 policyholder surplus account (430 ) (463 ) Unrealized gains on securities available-for-sale (559 ) — Unrealized gains on equity securities (549 ) (517 ) Deferred tax liabilities (3,272 ) (2,704 ) Net deferred tax asset (liability) $ (53 ) $ 716
Changes in Temporary Differences in Federal Income Tax	The appropriate income tax effects of changes in temporary differences are as follows (dollars in thousands): Six months ended 2019 2018 Deferred policy acquisition costs $ 13 $ 4 Trading securities 1 — Unearned premiums (91 ) (79 ) General expenses (75 ) (2 ) Depreciation (4 ) (6 ) Claims liabilities (13 ) 14 AMT credit — 787 Impact of repeal of special provision on pre-1984 policyholder surplus (33 ) (33 ) Unrealized gains on equity securities 32 (77 ) Deferred income tax expense (benefit) $ (170 ) $ 608
Schedule of Effective Income Tax Rate Reconciliation	Total income tax expense (benefit) varies from amounts computed by applying current federal income tax rates to income or loss before income taxes. The reasons for these differences and the approximate tax effects are as follows: Six months ended 2019 2018 Federal income tax rate applied to pre-tax income/loss 21.0 % 21.0 % Dividends received deduction and tax-exempt interest (0.5 )% (1.2 )% Company owned life insurance (24.3 )% 2.3 % Other, net (0.2 )% 1.7 % Effective federal income tax rate (4.0 )% 23.8 %

NOTES PAYABLE AND LONG-TERM D_2

NOTES PAYABLE AND LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Short-term debt and current portion of long-term debt consisted of the following as of June 30, 2019 and December 31, 2018 ( dollars in thousands) : June 30, December 31, 2019 2018 Current portion of installment note payable due in November with variable interest rate equal to the WSJ prime rate plus 0.5%. Unsecured. $ 2,200 $ 2,200 $ 2,200 $ 2,200
Schedule of Long-term Debt Instruments	Long-term debt consisted of the following as of June 30, 2019 and December 31, 2018 ( dollars in thousands ): June 30, December 31, 2019 2018 Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $157,000 in debt issuance cost ($155,000 in 2018); maturity December 2035. Interest payable quarterly. Redeemable prior to maturity. Unsecured. $ 9,124 $ 9,120 Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $59,000 in debt issuance cost ($60,000 in 2018); maturity June 15, 2037. Interest payable quarterly. Redeemable prior to maturity. Unsecured. 3,034 3,032 $ 12,158 $ 12,152

POLICY AND CLAIM RESERVES (Tabl

POLICY AND CLAIM RESERVES (Tables)	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
Reconciliation of Policy and Claim Reserves	The following table is a reconciliation of beginning and ending property and casualty reserve balances for claims and claim adjustment expense (dollars in thousands): Six months ended 2019 2018 Summary of claims and claim adjustment expense reserves Balance, beginning of year $ 8,208 $ 7,075 Less reinsurance recoverable on unpaid losses 1,384 327 Net balances at beginning of year 6,824 6,748 Net losses: Provision for claims and claim adjustment expenses for claims arising in current year 18,491 17,375 Estimated claims and claim adjustment expenses for claims arising in prior years (943 ) (896 ) Total increases 17,548 16,479 Claims and claim adjustment expense payments for claims arising in: Current year 14,392 13,424 Prior years 3,162 3,144 Total payments 17,554 16,568 Net balance at end of period 6,818 6,659 Plus reinsurance recoverable on unpaid losses 202 188 Claims and claim adjustment expense reserves at end of period $ 7,020 $ 6,847

REINSURANCE (Tables)

REINSURANCE (Tables)	6 Months Ended
	Jun. 30, 2019
Reinsurance Disclosures [Abstract]
Schedule of Reinsurance	Catastrophe reinsurance coverage is maintained in three layers as follows: Layer Reinsurers' Limits of Liability First Layer 100% of $13,500,000 in excess of $4,000,000 retention Second Layer 100% of $25,000,000 in excess of $17,500,000 Third Layer 100% of $30,000,000 in excess of $42,500,000 Underlying 2nd Event 100% of $2,000,000 in excess of $2,000,000 retention

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Schedule of Stock by Class	The table below provides information regarding the Company's preferred and common stock as of June 30, 2019 and December 31, 2018 : June 30, 2019 December 31, 2018 Authorized Issued Outstanding Authorized Issued Outstanding Preferred Stock, $1 par value 500,000 — — 500,000 — — Class A Common Stock, $1 par value 2,000,000 — — 2,000,000 — — Common Stock, $1 par value 3,000,000 2,531,552 2,531,552 3,000,000 2,527,136 2,527,136

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in AOCI balances (dollars in thousands): Six months ended 2019 2018 Gains and Losses on Cash Flow Hedges Balance at beginning of period $ (185 ) $ (480 ) Other comprehensive income for period: Other comprehensive gain before reclassifications 45 207 Net current period other comprehensive income 45 207 Balance at end of period $ (140 ) $ (273 ) Unrealized Gains and Losses on Available-for-Sale Securities Balance at beginning of period $ (1,385 ) $ 3,126 Other comprehensive income (loss) for period: Other comprehensive income (loss) before reclassifications 3,498 (2,085 ) Reclassification adjustment - gains on equity securities — (2,107 ) Amounts reclassified from accumulated other comprehensive income (loss) (12 ) (102 ) Net current period other comprehensive income (loss) 3,486 (4,294 ) Balance at end of period $ 2,101 $ (1,168 ) Total Accumulated Other Comprehensive Income (Loss) at end of period $ 1,961 $ (1,441 )
Reclassification out of Accumulated Other Comprehensive Income	The following table presents the amounts reclassified out of AOCI for the six months ended June 30, 2019 (dollars in thousands): Details about Accumulated Other Comprehensive Income Components Amounts Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Statement Where Net Income is Presented Unrealized Gains and Losses on Available-for-Sale Securities $ 15 Net investment gains 15 Total before tax (3 ) Tax (expense) or benefit $ 12 Net of Tax The following table presents the amounts reclassified out of AOCI for the six months ended June 30, 2018 (dollars in thousands): Details about Accumulated Other Comprehensive Income Components Amounts Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Statement Where Net Income is Presented Unrealized Gains and Losses on Available-for-Sale Securities $ 129 Net investment gains 129 Total before tax (27 ) Tax (expense) or benefit $ 102 Net of Tax

SEGMENTS (Tables)

SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Schedule of Segment Reporting Information, by Segment	Total assets by industry segment at June 30, 2019 and December 31, 2018 are summarized below ( dollars in thousands ): Assets by industry segment Total P&C Insurance Operations Life Insurance Operations Non-Insurance Operations June 30, 2019 $ 151,858 $ 84,021 $ 63,485 $ 4,352 December 31, 2018 $ 144,231 $ 80,994 $ 59,479 $ 3,758 Premium revenues and operating income by business segment for the three and six months ended June 30, 2019 and 2018 are summarized below ( dollars in thousands ): Three months ended June 30, 2019 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter- company Eliminations Total REVENUE Net premiums earned $ 13,467 $ 1,523 $ — $ — $ 14,990 Net investment income 442 639 11 (135 ) 957 Investment gains 18 83 16 — 117 Other income 146 217 284 (501 ) 146 14,073 2,462 311 (636 ) 16,210 BENEFITS AND EXPENSES Policyholder benefits paid 9,566 1,448 — (114 ) 10,900 Amortization of deferred policy acquisition costs 681 158 — — 839 Commissions 1,920 58 — — 1,978 General and administrative expenses 2,196 467 275 (522 ) 2,416 Taxes, licenses and fees 539 60 — — 599 Interest expense — 11 280 — 291 14,902 2,202 555 (636 ) 17,023 Income (Loss) Before Income Taxes (829 ) 260 (244 ) — (813 ) INCOME TAX EXPENSE (BENEFIT) (192 ) 23 (57 ) — (226 ) Net Income (Loss) $ (637 ) $ 237 $ (187 ) $ — $ (587 ) Three months ended June 30, 2018 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter-company Eliminations Total REVENUE Net premiums earned $ 13,711 $ 1,549 $ — $ — $ 15,260 Net investment income 435 681 14 (135 ) 995 Investment losses (58 ) (142 ) — — (200 ) Other income 148 245 279 (524 ) 148 14,236 2,333 293 (659 ) 16,203 BENEFITS AND EXPENSES Policyholder benefits paid 8,391 1,523 — (142 ) 9,772 Amortization of deferred policy acquisition costs 690 97 — — 787 Commissions 1,665 67 — — 1,732 General and administrative expenses 2,334 582 269 (517 ) 2,668 Taxes, licenses and fees 313 36 — — 349 Interest expense — 13 296 — 309 13,393 2,318 565 (659 ) 15,617 Income (Loss) Before Income Taxes 843 15 (272 ) — 586 INCOME TAX EXPENSE (BENEFIT) 171 15 (57 ) — 129 Net Income (Loss) $ 672 $ — $ (215 ) $ — $ 457 Six months ended June 30, 2019 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter- company Eliminations Total REVENUE Net premiums earned $ 26,728 $ 2,980 $ — $ — $ 29,708 Net investment income 851 1,314 24 (270 ) 1,919 Investment gains 2,041 177 19 — 2,237 Other income 282 463 519 (972 ) 292 29,902 4,934 562 (1,242 ) 34,156 BENEFITS AND EXPENSES Policyholder benefits paid 17,548 2,613 — (238 ) 19,923 Amortization of deferred policy acquisition costs 1,362 457 — — 1,819 Commissions 3,876 135 — — 4,011 General and administrative expenses 4,130 940 682 (1,004 ) 4,748 Taxes, licenses and fees 1,131 155 — — 1,286 Interest expense — 21 565 — 586 28,047 4,321 1,247 (1,242 ) 32,373 Income (Loss) Before Income Taxes 1,855 613 (685 ) — 1,783 INCOME TAX EXPENSE (BENEFIT) (43 ) 119 (149 ) — (73 ) Net Income (Loss) $ 1,898 $ 494 $ (536 ) $ — $ 1,856 Six months ended June 30, 2018 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter-company Eliminations Total REVENUE Net premiums earned $ 27,242 $ 3,077 $ — $ — $ 30,319 Net investment income 825 1,332 28 (270 ) 1,915 Investment losses (371 ) (93 ) — — (464 ) Other income 308 463 506 (968 ) 309 28,004 4,779 534 (1,238 ) 32,079 BENEFITS AND EXPENSES Policyholder benefits paid 16,479 2,972 — (252 ) 19,199 Amortization of deferred policy acquisition costs 1,380 210 — — 1,590 Commissions 3,677 115 — — 3,792 General and administrative expenses 4,113 1,231 313 (986 ) 4,671 Taxes, licenses and fees 866 132 — — 998 Interest expense — 25 586 — 611 26,515 4,685 899 (1,238 ) 30,861 Income (Loss) Before Income Taxes 1,489 94 (365 ) — 1,218 INCOME TAX EXPENSE (BENEFIT) 333 33 (76 ) — 290 Net Income (Loss) $ 1,156 $ 61 $ (289 ) $ — $ 928
Schedule of Gross and Net Premiums Written	The following table presents the Company’s gross and net premiums written for the property and casualty segment and the life and accident and health segment for the three and six months ended June 30, 2019 and 2018, respectively: Three months ended Six months ended 2019 2018 2019 2018 Life, accident and health operations premiums written: Traditional life insurance $ 1,032 $ 1,077 $ 2,089 $ 2,197 Accident and health insurance 348 396 753 811 Gross life, accident and health 1,380 1,473 2,842 3,008 Reinsurance premium ceded (15 ) (28 ) (53 ) (59 ) Net life, accident and health premiums written $ 1,365 $ 1,445 $ 2,789 $ 2,949 Property and Casualty operations premiums written: Dwelling fire & extended coverage $ 10,411 $ 10,113 $ 20,339 $ 19,666 Homeowners (Including mobile homeowners) 5,892 6,064 10,863 11,376 Other liability 607 594 1,182 1,159 Gross property and casualty 16,910 16,771 32,384 32,201 Reinsurance premium ceded (1,927 ) (1,735 ) (3,225 ) (2,889 ) Net property and casualty written $ 14,983 $ 15,036 $ 29,159 $ 29,312 Consolidated gross premiums written $ 18,290 $ 18,244 $ 35,226 $ 35,209 Reinsurance premium ceded (1,942 ) (1,763 ) (3,278 ) (2,948 ) Consolidated net premiums written $ 16,348 $ 16,481 $ 31,948 $ 32,261
Schedule of Gross and Net Premiums Earned	The following table presents the Company’s gross and net premiums earned for the property and casualty segment and the life and accident and health segment for the three and six months ended June 30, 2019 and 2018, respectively: Three months ended Six months ended 2019 2018 2019 2018 Life, accident and health operations premiums earned: Traditional life insurance $ 1,151 $ 1,182 $ 2,241 $ 2,326 Accident and health insurance 387 395 792 810 Gross life, accident and health 1,538 1,577 3,033 3,136 Reinsurance premium ceded (15 ) (28 ) (53 ) (59 ) Net life, accident and health premiums earned $ 1,523 $ 1,549 $ 2,980 $ 3,077 Property and Casualty operations premiums earned: Dwelling fire & extended coverage $ 9,477 $ 9,273 $ 18,757 $ 18,389 Homeowners (Including mobile homeowners) 5,211 5,474 10,407 10,971 Other liability 553 546 1,094 1,076 Gross property and casualty 15,241 15,293 30,258 30,436 Reinsurance premium ceded (1,774 ) (1,582 ) (3,530 ) (3,194 ) Net property and casualty earned $ 13,467 $ 13,711 $ 26,728 $ 27,242 Consolidated gross premiums earned $ 16,779 $ 16,870 $ 33,291 $ 33,572 Reinsurance premium ceded (1,789 ) (1,610 ) (3,583 ) (3,253 ) Consolidated net premiums earned $ 14,990 $ 15,260 $ 29,708 $ 30,319

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Weighted average number of shares outstanding	2,528,233	2,523,484
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0
Cash, uninsured amount	$ 4,362,000
Operating lease, right-of-use asset			$ 299,000
Operating lease, liability			$ 306,000
Concentration Risk [Line Items]
Policy receivables and agents' balances, net	13,145,000			$ 11,185,000
Single Largest Agent Balance Due
Concentration Risk [Line Items]
Policy receivables and agents' balances, net	$ 805,000

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	Jun. 30, 2007	Dec. 31, 2005	Jun. 30, 2019
Variable Interest Entity [Line Items]
Carrying amount of investments			$ 116
Trust Preferred Security Offering, 2005
Variable Interest Entity [Line Items]
Payments to acquire trust preferred securities		$ 9,000
Subordinated debt		9,279
Proceeds from issuance of trust preferred securities		9,005
Equity investment		$ 279
Trust Preferred Security Offering, 2007
Variable Interest Entity [Line Items]
Payments to acquire trust preferred securities	$ 3,000
Proceeds from issuance of trust preferred securities	2,995
Equity investment	93
Trust Preferred Security Offering, 2007 | Unsecured Debt
Variable Interest Entity [Line Items]
Subordinated debt	$ 3,093
Maximum
Variable Interest Entity [Line Items]
Limited partnership, percent owned			1.00%

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Gain (Loss) on Securities [Line Items]
Held-to-maturity securities, unrealized losses	$ 0	$ 22,000
Other-than-temporary impairments, available-for-sale securities	0	16,000
Single largest loss position	45,000	145,000
Second largest loss position	39,000	99,000
Third largest loss position	$ 33,000	$ 94,000
Maximum
Gain (Loss) on Securities [Line Items]
Percent of investment portfolio below investment grade	3.89%

INVESTMENTS (Available-for-Sale

INVESTMENTS (Available-for-Sale Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	$ 100,084	$ 96,877
Fixed maturities, Gross Unrealized Gains	3,218	817
Fixed maturities, Gross Unrealized Losses	558	2,569
Fixed maturities, Fair Value	102,744	95,125
Equity securities, Amortized Cost	1,849	1,842
Equity securities, Gross Unrealized Gains	2,616	2,464
Equity securities, Gross Unrealized Losses	0	0
Equity securities, Fair Value	4,465	4,306
Amortized Cost	101,933	98,719
Gross Unrealized Gains	5,834	3,281
Gross Unrealized Losses	558	2,569
Fair Value	107,209	99,431
U.S. Government corporations and agencies
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	4,164	4,820
Fixed maturities, Gross Unrealized Gains	128	31
Fixed maturities, Gross Unrealized Losses	19	107
Fixed maturities, Fair Value	4,273	4,744
Agency mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	31,662	27,492
Fixed maturities, Gross Unrealized Gains	1,101	159
Fixed maturities, Gross Unrealized Losses	119	545
Fixed maturities, Fair Value	32,644	27,106
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	11,176	10,901
Fixed maturities, Gross Unrealized Gains	37	7
Fixed maturities, Gross Unrealized Losses	170	248
Fixed maturities, Fair Value	11,043	10,660
Private label mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	7,164	5,869
Fixed maturities, Gross Unrealized Gains	456	105
Fixed maturities, Gross Unrealized Losses	0	27
Fixed maturities, Fair Value	7,620	5,947
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	37,035	36,935
Fixed maturities, Gross Unrealized Gains	1,321	407
Fixed maturities, Gross Unrealized Losses	248	1,551
Fixed maturities, Fair Value	38,108	35,791
States, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	8,071	10,059
Fixed maturities, Gross Unrealized Gains	133	105
Fixed maturities, Gross Unrealized Losses	2	91
Fixed maturities, Fair Value	8,202	10,073
Foreign governments
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	812	801
Fixed maturities, Gross Unrealized Gains	42	3
Fixed maturities, Gross Unrealized Losses	0	0
Fixed maturities, Fair Value	$ 854	$ 804

INVESTMENTS (Held-to-Maturity S

INVESTMENTS (Held-to-Maturity Securities) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 1,388,000	$ 1,449,000
Held-to-maturity securities, unrealized gains	54,000	16,000
Held-to-maturity securities, unrealized losses	0	22,000
Fair Value	1,442,000	1,443,000
Agency mortgage backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	1,388,000	1,449,000
Held-to-maturity securities, unrealized gains	54,000	16,000
Held-to-maturity securities, unrealized losses	0	22,000
Fair Value	$ 1,442,000	$ 1,443,000

INVESTMENTS (Amortized Cost and

INVESTMENTS (Amortized Cost and Aggregate Fair Value of Debt Securities, by Contractual Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments [Abstract]
Available-for-sale Securities, Due in one year or less, Amortized Cost	$ 1,878
Available-for-sale Securities, Due in one year or less, Fair Value	1,890
Available-for-sale Securities, Due after one year through five years, Amortized Cost	17,029
Available-for-sale Securities, Due after one year through five years, Fair Value	17,432
Available-for-sale Securities, Due after five years through ten years, Amortized Cost	27,236
Available-for-sale Securities, Due after five years through ten years, Fair Value	27,764
Available-for-sale Securities, Due after ten years, Amortized Cost	53,941
Available-for-sale Securities, Due after ten years, Fair Value	55,658
Fixed maturities, Amortized Cost	100,084	$ 96,877
Available-for-sale Securities, Fair Value	102,744
Held-to-maturity Securities, Due in one year or less, Amortized Cost	0
Held-to-maturity Securities, Due in one year or less, Fair Value	0
Held-to-maturity Securities, Due after one year through five years, Amortized Cost	36
Held-to-maturity Securities, Due after one year through five years, Fair Value	38
Held-to-maturity Securities, Due after five years through ten years, Amortized Cost	4
Held-to-maturity Securities, Due after five years through ten years, Fair Value	5
Held-to-maturity Securities, Due after ten years, Amortized Cost	1,348
Held-to-maturity Securities, Due after ten years, Fair Value	1,399
Held-to-maturity Securities, Amortized Cost	1,388	1,449
Debt Securities, Held-to-maturity, Fair Value	$ 1,442	$ 1,443

INVESTMENTS (Schedule of Contin

INVESTMENTS (Schedule of Continuous Losses) (Details) $ in Thousands	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 6,502	$ 30,501
Less than 12 Months, Gross Unrealized Losses	137	937
12 Months or Longer, Fair Value	17,120	31,162
12 Months or Longer, Gross Unrealized Losses	421	1,632
Total Fair Value	23,622	61,663
Total Gross Unrealized Losses	$ 558	$ 2,569
Total Securities in a Loss Position	44	120
U.S. Government corporations and agencies
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 0	$ 0
Less than 12 Months, Gross Unrealized Losses	0	0
12 Months or Longer, Fair Value	500	3,209
12 Months or Longer, Gross Unrealized Losses	19	107
Total Fair Value	500	3,209
Total Gross Unrealized Losses	$ 19	$ 107
Total Securities in a Loss Position	1	6
Agency mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 1,032	$ 5,504
Less than 12 Months, Gross Unrealized Losses	11	45
12 Months or Longer, Fair Value	4,895	10,969
12 Months or Longer, Gross Unrealized Losses	108	500
Total Fair Value	5,927	16,473
Total Gross Unrealized Losses	$ 119	$ 545
Total Securities in a Loss Position	15	38
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 3,282	$ 5,824
Less than 12 Months, Gross Unrealized Losses	65	146
12 Months or Longer, Fair Value	4,908	2,741
12 Months or Longer, Gross Unrealized Losses	105	102
Total Fair Value	8,190	8,565
Total Gross Unrealized Losses	$ 170	$ 248
Total Securities in a Loss Position	12	12
Private label mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value		$ 1,348
Less than 12 Months, Gross Unrealized Losses		27
12 Months or Longer, Fair Value		0
12 Months or Longer, Gross Unrealized Losses		0
Total Fair Value		1,348
Total Gross Unrealized Losses		$ 27
Total Securities in a Loss Position		2
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 2,188	$ 16,583
Less than 12 Months, Gross Unrealized Losses	61	709
12 Months or Longer, Fair Value	6,297	9,823
12 Months or Longer, Gross Unrealized Losses	187	842
Total Fair Value	8,485	26,406
Total Gross Unrealized Losses	$ 248	$ 1,551
Total Securities in a Loss Position	15	51
States, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 0	$ 1,242
Less than 12 Months, Gross Unrealized Losses	0	10
12 Months or Longer, Fair Value	520	4,420
12 Months or Longer, Gross Unrealized Losses	2	81
Total Fair Value	520	5,662
Total Gross Unrealized Losses	$ 2	$ 91
Total Securities in a Loss Position	1	11

INVESTMENTS (Held-to-Maturity,

INVESTMENTS (Held-to-Maturity, Unrealized Losses) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 Months, Fair Value	$ 1,026
Less than 12 Months, Gross Unrealized Losses	22
12 Months or Longer, Fair Value	0
12 Months or Longer, Gross Unrealized Losses	0
Total Fair Value	1,026
Total Gross Unrealized Losses	$ 22
Total Securities in a Loss Position	2
Agency mortgage backed securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 Months, Fair Value	$ 1,026
Less than 12 Months, Gross Unrealized Losses	22
12 Months or Longer, Fair Value	0
12 Months or Longer, Gross Unrealized Losses	0
Total Fair Value	1,026
Total Gross Unrealized Losses	$ 22
Total Securities in a Loss Position	2

INVESTMENTS (Major Categories o

INVESTMENTS (Major Categories of Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	$ 996	$ 1,027	$ 2,001	$ 1,984
Less: Investment expenses	39	32	82	69
Net investment income	957	995	1,919	1,915
Fixed maturities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	934	963	1,871	1,854
Equity securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	20	20	47	40
Mortgage loans on real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	2	2	4	4
Investment real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	1	0	3	1
Policy loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	35	35	69	70
Other
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	$ 4	$ 7	$ 7	$ 15

INVESTMENTS (Major Categories_2

INVESTMENTS (Major Categories of Investment Gains and Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	$ 117	$ (200)	$ 2,237	$ (464)
Gains (losses) on trading securities	5	0	8	0
Realized gains on fixed maturities
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	5	48	15	129
Change in fair value of equity securities
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	26	(163)	152	(369)
Change in surrender value of company owned life insurance
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	81	3	270	(136)
Realized gain on company owned life insurance
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	0	0	1,792	0
Other, principally real estate
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	$ 0	$ (88)	$ 0	$ (88)

INVESTMENTS (Schedule of Unreal

INVESTMENTS (Schedule of Unrealized Appreciation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Investments [Abstract]
Fixed maturities			$ 4,412		$ (3,042)
Deferred income tax			(926)		638
Change in net unrealized gains (losses) on available-for-sale securities	$ 1,752	$ (811)	$ 3,486	$ (2,187)	$ (2,404)

FAIR VALUE OF FINANCIAL ASSET_3

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Narrative) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements of assets	$ 1,190,000
Fair value measurements of liabilities	(177,000)
Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	$ 0
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET_4

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Assets/Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	$ 102,744	$ 95,125
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	141	107
Total Financial Assets	107,350	99,438
Total Financial Liabilities	(177)	(234)
Recurring Basis | Financial Liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Liabilities	(177)	(234)
Recurring Basis | U.S. Government corporations and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	4,273	4,744
Recurring Basis | Agency mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	32,644	27,106
Recurring Basis | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	11,043	10,560
Recurring Basis | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	38,108	35,791
Recurring Basis | Private label mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	7,620	5,947
Recurring Basis | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	8,202	10,073
Recurring Basis | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	854	804
Recurring Basis | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	4,465	4,306
Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	141	107
Total Financial Assets	31,521	22,834
Total Financial Liabilities	0	0
Recurring Basis | Level 1 | Financial Liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Liabilities	0	0
Recurring Basis | Level 1 | U.S. Government corporations and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	4,273	4,147
Recurring Basis | Level 1 | Agency mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	18,788	11,756
Recurring Basis | Level 1 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	2,823	2,839
Recurring Basis | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 1 | Private label mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	1,367	0
Recurring Basis | Level 1 | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 1 | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	854	804
Recurring Basis | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	3,275	3,181
Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	0	0
Total Financial Assets	74,639	75,479
Total Financial Liabilities	0	0
Recurring Basis | Level 2 | Financial Liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Liabilities	0	0
Recurring Basis | Level 2 | U.S. Government corporations and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	597
Recurring Basis | Level 2 | Agency mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	13,856	15,350
Recurring Basis | Level 2 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	8,220	7,721
Recurring Basis | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	38,108	35,791
Recurring Basis | Level 2 | Private label mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	6,253	5,947
Recurring Basis | Level 2 | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	8,202	10,073
Recurring Basis | Level 2 | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	0	0
Total Financial Assets	1,190	1,125
Total Financial Liabilities	(177)	(234)
Recurring Basis | Level 3 | Financial Liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Liabilities	(177)	(234)
Recurring Basis | Level 3 | U.S. Government corporations and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | Agency mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | Private label mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	0	0
Recurring Basis | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	$ 1,190	$ 1,125

FAIR VALUE OF FINANCIAL ASSET_5

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Level 3 Reconciliation) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Equity Securities
Ending balance	$ 1,190
Interest Rate Swap
Ending balance	(177)
Recurring Basis | Interest rate swap
Interest Rate Swap
Beginning balance	(234)	$ (608)
Included in earnings	0	0
Included in other comprehensive income	57	374
Purchases:	0	0
Sales:	0	0
Issuances:	0	0
Settlements:	0	0
Transfers in/(out) of Level 3	0	0
Ending balance	(177)	(234)
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held	0	0
Recurring Basis | Total fixed maturities
Equity Securities
Beginning balance:	1,125	1,073
Included in earnings	65	52
Included in other comprehensive income	0	0
Purchases:	0	0
Sales:	0	0
Issuances:	0	0
Settlements:	0	0
Transfers in/(out) of Level 3	0	0
Ending balance	1,190	1,125
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets and liabilities still held	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET_6

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Fair Value of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Other policyholder funds
Liabilities and Related Instruments [Abstract]
Carrying Value, Liabilities	$ 1,480	$ 1,515
Estimated Fair Value, Liabilities	1,480	1,515
Short-term notes payable and current portion of long-term debt
Liabilities and Related Instruments [Abstract]
Carrying Value, Liabilities	2,200	2,200
Estimated Fair Value, Liabilities	2,200	2,200
Long-term debt
Liabilities and Related Instruments [Abstract]
Carrying Value, Liabilities	12,158	12,152
Estimated Fair Value, Liabilities	12,158	12,152
Held-to-maturity securities
Assets and Related Instruments [Abstract]
Carrying Value, Assets	1,388	1,449
Estimated Fair Value, Assets	1,442	1,443
Mortgage loans on real estate
Assets and Related Instruments [Abstract]
Carrying Value, Assets	151	156
Estimated Fair Value, Assets	151	156
Policy loans
Assets and Related Instruments [Abstract]
Carrying Value, Assets	1,876	1,854
Estimated Fair Value, Assets	1,876	1,854
Company owned life insurance
Assets and Related Instruments [Abstract]
Carrying Value, Assets	4,631	4,600
Estimated Fair Value, Assets	4,631	4,600
Other invested assets
Assets and Related Instruments [Abstract]
Carrying Value, Assets	2,217	2,148
Estimated Fair Value, Assets	$ 2,217	$ 2,148

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,363	$ 5,359
Less accumulated depreciation	3,773	3,710
Property and equipment, net	1,590	1,649
Depreciation expense	62	161
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,378	3,378
Electronic data processing equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,508	1,504
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 477	$ 477

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
AMT Credit			$ 1,575,000
Anticipated recoveries	$ 1,077,000
Deferred income tax liability	(53,000)	$ 0
Net deferred tax asset	$ 0	$ 716,000

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
General expenses	$ 1,142	$ 1,067
Unearned premiums	1,356	1,265
Claims liabilities	565	552
Impairment on real estate owned	119	119
Unrealized losses on securities available-for-sale	0	368
Unrealized loss on interest rate swaps	37	49
Deferred tax assets	3,219	3,420
Deferred Tax Liabilities, Unrealized Losses on Trading Securities	1	0
Depreciation	(75)	(79)
Deferred policy acquisition costs	(1,658)	(1,645)
Pre-1984 policyholder surplus account	(430)	(463)
Unrealized gains on securities available-for-sale	(559)	0
Unrealized gains on equity securities	(549)	(517)
Deferred tax liabilities	(3,272)	(2,704)
Net deferred tax asset (liability)	$ (53)	$ 716

INCOME TAXES (Schedule of Inco

INCOME TAXES (Schedule of Income Tax Effects of Changes in Temporary Differences) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Deferred policy acquisition costs			$ 13	$ 4
Trading securities			1	0
Unearned premiums			(91)	(79)
General expenses			(75)	(2)
Depreciation			(4)	(6)
Claims liabilities			(13)	14
AMT credit			0	787
Impact of repeal of special provision on pre-1984 policyholder surplus			(33)	(33)
Unrealized gains on equity securities			32	(77)
Deferred income tax expense (benefit)	$ (78)	$ (87)	$ (170)	$ 608

INCOME TAXES (Schedule of Effec

INCOME TAXES (Schedule of Effective Income Tax Rate Reconciliation) (Details)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Federal income tax rate applied to pre-tax income/loss	21.00%	21.00%
Dividends received deduction and tax-exempt interest	(0.50%)	(1.20%)
Company owned life insurance	(24.30%)	2.30%
Other, net	(0.20%)	1.70%
Effective federal income tax rate	(4.00%)	23.80%

NOTES PAYABLE AND LONG-TERM D_3

NOTES PAYABLE AND LONG-TERM DEBT (Short-Term Debt) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Short-term notes payable and current portion of long-term debt	$ 2,200	$ 2,200
Notes Payable to Banks | Unsecured Debt
Short-term Debt [Line Items]
Short-term notes payable and current portion of long-term debt	$ 2,200	$ 2,200
Interest rate description	WSJ
Basis spread on variable rate	0.50%

NOTES PAYABLE AND LONG-TERM D_4

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 21, 2007	Dec. 15, 2005	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt			$ 12,158	$ 12,152
Unsecured Debt | Trust Preferred Security Offering, 2005
Debt Instrument [Line Items]
Long-term debt			$ 9,124	9,120
Payment terms			Interest payments due quarterly
Debt issuance costs, net			$ 157	15
Unsecured Debt | Trust Preferred Security Offering, 2005 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		3.75%
Unsecured Debt | Trust Preferred Security Offering, 2007
Debt Instrument [Line Items]
Long-term debt			$ 3,034	3,032
Payment terms			Interest payments due quarterly
Debt issuance costs, net			$ 59	$ 60
Unsecured Debt | Trust Preferred Security Offering, 2007 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.40%

NOTES PAYABLE AND LONG-TERM D_5

NOTES PAYABLE AND LONG-TERM DEBT (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2010	May 26, 2010	Dec. 31, 2009	Mar. 19, 2009
Debt Instrument [Line Items]
Derivative, notional amount							$ 9,000		$ 3,000
Derivative, fixed interest rate							8.49%		7.02%
Cash flow hedge, derivative instrument liabilities at fair value	$ 177		$ 177		$ 234
Unrealized gain on interest rate swap	20	$ 75	45	$ 207	295
Securities on deposit	297		297
Interest rate swap
Debt Instrument [Line Items]
Cash flow hedge, liability at fair value								$ 0
Cash flow hedging
Debt Instrument [Line Items]
Cash flow hedge, liability at fair value						$ 177
Collateral Pledged [Member]
Debt Instrument [Line Items]
Available-for-sale securities pledged as collateral	$ 297		$ 297		$ 932

POLICY AND CLAIM RESERVES (Narr

POLICY AND CLAIM RESERVES (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Insurance [Abstract]
Estimated claims and claim adjustment expenses for claims arising in prior years	$ 946,000	$ 896,000
Reserve for unpaid claims	447,000		$ 358,000
Policy and contract claims	$ 887,000		$ 792,000

POLICY AND CLAIM RESERVES (Prop

POLICY AND CLAIM RESERVES (Property and Casualty Reserve) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Less reinsurance recoverable on unpaid losses	$ 326		$ 1,772
Net losses:
Estimated claims and claim adjustment expenses for claims arising in prior years	(946)	$ (896)
Consolidated Property and Casualty Insurance Entity
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance, beginning of year	7,020	6,847	8,208	$ 7,075
Less reinsurance recoverable on unpaid losses	202	188	1,384	327
Net balances at beginning of year	6,818	6,659	$ 6,824	$ 6,748
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	18,491	17,375
Estimated claims and claim adjustment expenses for claims arising in prior years	(943)	(896)
Total increases	17,548	16,479
Claims and claim adjustment expense payments for claims arising in:
Current year	14,392	13,424
Prior years	3,162	3,144
Total payments	$ 17,554	$ 16,568

REINSURANCE (Details)

REINSURANCE (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Reinsurance Maintained by Layers [Line Items]
Catastrophe reinsurance retention	$ 4,000,000
Life insurance policy reinsurance limit	50,000
Reinsurance recoverable	326,000	$ 1,772,000
Single Reinsurer
Reinsurance Maintained by Layers [Line Items]
Reinsurance recoverable	15,000	$ 125,000
First Catastrophe Event
Reinsurance Maintained by Layers [Line Items]
Catastrophe reinsurance retention	4,000,000
Second Catastrophe Event
Reinsurance Maintained by Layers [Line Items]
Catastrophe reinsurance retention	$ 2,000,000
First Layer
Reinsurance Maintained by Layers [Line Items]
Percent of reinsured losses covered by layer	100.00%
Covered losses	$ 13,500,000
Reinsurer's limit of liability	$ 17,500,000
Second Layer
Reinsurance Maintained by Layers [Line Items]
Percent of reinsured losses covered by layer	100.00%
Covered losses	$ 25,000,000
Reinsurer's limit of liability	$ 42,500,000
Third Layer
Reinsurance Maintained by Layers [Line Items]
Percent of reinsured losses covered by layer	100.00%
Covered losses	$ 30,000,000
Reinsurer's limit of liability	$ 72,500,000
Underlying 2nd Event
Reinsurance Maintained by Layers [Line Items]
Percent of reinsured losses covered by layer	100.00%
Covered losses	$ 2,000,000
Reinsurer's limit of liability	$ 2,000,000

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details)	6 Months Ended
	Jun. 30, 2019USD ($)hours	Jun. 30, 2018USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Minimum hours of service completed in year of contribution | hours	1,000
Matching contribution	$ 90,000	$ 88,000
Employer matching contribution, percent	5.00%
Cash contributions to ESOP	$ 0	232,000
ESOP debt structure	0
Non-Qualified Deferred Compensation Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Deferred compensation arrangement	$ 346,000	$ 16,000
Executive Officers
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution, percent	15.00%

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
Net income (loss)	$ (587)	$ 457	$ 1,856	$ 928	$ 779
Dividends paid			(253)	(252)	(505)
Other comprehensive income, net of tax	$ (1,772)	$ 736	$ (3,531)	$ 1,980	$ 2,109

SHAREHOLDERS' EQUITY (Preferred

SHAREHOLDERS' EQUITY (Preferred and Common Stock) (Details) - $ / shares	Jun. 30, 2019	May 17, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Preferred stock, par value	$ 1		$ 1
Preferred stock, shares authorized	500,000		500,000
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Common stock, par value	$ 1		$ 1
Common stock, shares authorized	3,000,000		3,000,000
Common stock, shares issued	2,531,552		2,527,136
Common stock, shares outstanding	2,531,552		2,527,136
Directors
Class of Stock [Line Items]
Common stock, shares issued		4,416
Class A Common Stock
Class of Stock [Line Items]
Common stock, par value	$ 1		$ 1
Common stock, shares authorized	2,000,000		2,000,000
Common stock, shares issued	0		0
Common stock, shares outstanding	0		0

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (1,570)
Other comprehensive income (loss), net of tax	$ 1,772	$ (736)	3,531	$ (1,980)	$ (2,109)
Ending balance	1,961	(1,441)	1,961	(1,441)	(1,570)
Gains and Losses on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(185)	(480)	(480)
Other comprehensive gain before reclassifications			45	207
Other comprehensive income (loss), net of tax			45	207
Ending balance	(140)	(273)	(140)	(273)	(185)
Unrealized Gains and Losses on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(1,385)	3,126	3,126
Other comprehensive gain before reclassifications			3,498	(2,085)
Reclassification adjustment - gains on equity securities			0	(2,107)
Amounts reclassified from accumulated other comprehensive income (loss)			(12)	(102)
Other comprehensive income (loss), net of tax			3,486	(4,294)
Ending balance	$ 2,101	$ (1,168)	$ 2,101	$ (1,168)	$ (1,385)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Amounts reclassified out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains (losses)	$ 117	$ (200)	$ 2,237	$ (464)
Tax (expense) or benefit	226	(129)	73	(290)
Net Income (Loss)	$ (587)	$ 457	1,856	928	$ 779
Amounts Reclassified from Accumulated Other Comprehensive Income | Unrealized Gains and Losses on Available-for-Sale Securities
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains (losses)			15	129
Total before tax			15	129
Tax (expense) or benefit			(3)	(27)
Net Income (Loss)			$ 12	$ 102

SEGMENTS (Narrative) (Details)

SEGMENTS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019Segments
Segment Reporting [Abstract]
Number of operating segments	1

SEGMENTS (Schedule of Segment R

SEGMENTS (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Assets	$ 151,858		$ 151,858		$ 144,231
Net premiums earned	14,990	$ 15,260	29,708	$ 30,319
Net investment income	957	995	1,919	1,915
Net investment gains (losses)	117	(200)	2,237	(464)
Other income	146	148	292	309
Total Revenues	16,210	16,203	34,156	32,079
Policyholder benefits paid	10,900	9,772	19,923	19,199
Amortization of deferred policy acquisition costs	839	787	1,819	1,590
Commissions	1,978	1,732	4,011	3,792
General and administrative expenses	2,416	2,668	4,748	4,671
Taxes, licenses and fees	599	349	1,286	998
Interest expense	291	309	586	611
Total Benefits, Losses and Expenses	17,023	15,617	32,373	30,861
Income (Loss) Before Income Taxes	(813)	586	1,783	1,218
Total income tax expense	(226)	129	(73)	290
Net Income (Loss)	(587)	457	1,856	928	779
Inter- company Eliminations
Segment Reporting Information [Line Items]
Net premiums earned	0	0	0	0
Net investment income	(135)	(135)	(270)	(270)
Net investment gains (losses)	0	0	0	0
Other income	(501)	(524)	(972)	(968)
Total Revenues	(636)	(659)	(1,242)	(1,238)
Policyholder benefits paid	(114)	(142)	(238)	(252)
Amortization of deferred policy acquisition costs	0	0	0	0
Commissions	0	0	0	0
General and administrative expenses	(522)	(517)	(1,004)	(986)
Taxes, licenses and fees	0	0	0	0
Interest expense	0	0	0	0
Total Benefits, Losses and Expenses	(636)	(659)	(1,242)	(1,238)
Income (Loss) Before Income Taxes	0	0	0	0
Total income tax expense	0	0	0	0
Net Income (Loss)	0	0	0	0
P&C Insurance Operations
Segment Reporting Information [Line Items]
Assets	84,021		84,021		80,994
Net premiums earned	13,467	13,711	26,728	27,242
Net investment income	442	435	851	825
Net investment gains (losses)	18	(58)	2,041	(371)
Other income	146	148	282	308
Total Revenues	14,073	14,236	29,902	28,004
Policyholder benefits paid	9,566	8,391	17,548	16,479
Amortization of deferred policy acquisition costs	681	690	1,362	1,380
Commissions	1,920	1,665	3,876	3,677
General and administrative expenses	2,196	2,334	4,130	4,113
Taxes, licenses and fees	539	313	1,131	866
Interest expense	0	0	0	0
Total Benefits, Losses and Expenses	14,902	13,393	28,047	26,515
Income (Loss) Before Income Taxes	(829)	843	1,855	1,489
Total income tax expense	(192)	171	(43)	333
Net Income (Loss)	(637)	672	1,898	1,156
Life Insurance Operations
Segment Reporting Information [Line Items]
Assets	63,485		63,485		59,479
Net premiums earned	1,523	1,549	2,980	3,077
Net investment income	639	681	1,314	1,332
Net investment gains (losses)	83	(142)	177	(93)
Other income	217	245	463	463
Total Revenues	2,462	2,333	4,934	4,779
Policyholder benefits paid	1,448	1,523	2,613	2,972
Amortization of deferred policy acquisition costs	158	97	457	210
Commissions	58	67	135	115
General and administrative expenses	467	582	940	1,231
Taxes, licenses and fees	60	36	155	132
Interest expense	11	13	21	25
Total Benefits, Losses and Expenses	2,202	2,318	4,321	4,685
Income (Loss) Before Income Taxes	260	15	613	94
Total income tax expense	23	15	119	33
Net Income (Loss)	237	0	494	61
Non-Insurance Operations
Segment Reporting Information [Line Items]
Assets	4,352		4,352		$ 3,758
Net premiums earned	0	0	0	0
Net investment income	11	14	24	28
Net investment gains (losses)	16	0	19	0
Other income	284	279	519	506
Total Revenues	311	293	562	534
Policyholder benefits paid	0	0	0	0
Amortization of deferred policy acquisition costs	0	0	0	0
Commissions	0	0	0	0
General and administrative expenses	275	269	682	313
Taxes, licenses and fees	0	0	0	0
Interest expense	280	296	565	586
Total Benefits, Losses and Expenses	555	565	1,247	899
Income (Loss) Before Income Taxes	(244)	(272)	(685)	(365)
Total income tax expense	(57)	(57)	(149)	(76)
Net Income (Loss)	$ (187)	$ (215)	$ (536)	$ (289)

SEGMENTS (Schedule of Gross and

SEGMENTS (Schedule of Gross and Net Premiums Written) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Gross premiums written	$ 18,290	$ 18,244	$ 35,226	$ 35,209
Reinsurance premium ceded	(1,942)	(1,763)	(3,278)	(2,948)
Net premiums written	16,348	16,481	31,948	32,261
P&C Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums written	16,910	16,771	32,384	32,201
Reinsurance premium ceded	(1,927)	(1,735)	(3,225)	(2,889)
Net premiums written	14,983	15,036	29,159	29,312
P&C Insurance Operations | Dwelling fire & extended coverage
Segment Reporting Information [Line Items]
Gross premiums written	10,411	10,113	20,339	19,666
P&C Insurance Operations | Homeowners (Including mobile homeowners)
Segment Reporting Information [Line Items]
Gross premiums written	5,892	6,064	10,863	11,376
P&C Insurance Operations | Other liability
Segment Reporting Information [Line Items]
Gross premiums written	607	594	1,182	1,159
Life Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums written	1,380	1,473	2,842	3,008
Reinsurance premium ceded	(15)	(28)	(53)	(59)
Net premiums written	1,365	1,445	2,789	2,949
Life Insurance Operations | Traditional life insurance
Segment Reporting Information [Line Items]
Gross premiums written	1,032	1,077	2,089	2,197
Life Insurance Operations | Accident and health insurance
Segment Reporting Information [Line Items]
Gross premiums written	$ 348	$ 396	$ 753	$ 811

SEGMENTS (Schedule of Gross a_2

SEGMENTS (Schedule of Gross and Net Premiums Earned) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Gross premiums earned	$ 16,779	$ 16,870	$ 33,291	$ 33,572
Reinsurance premium ceded	(1,789)	(1,610)	(3,583)	(3,253)
Net premiums earned	14,990	15,260	29,708	30,319
Life Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums earned	1,538	1,577	3,033	3,136
Reinsurance premium ceded	(15)	(28)	(53)	(59)
Net premiums earned	1,523	1,549	2,980	3,077
Life Insurance Operations | Traditional life insurance
Segment Reporting Information [Line Items]
Gross premiums earned	1,151	1,182	2,241	2,326
Life Insurance Operations | Accident and health insurance
Segment Reporting Information [Line Items]
Gross premiums earned	387	395	792	810
P&C Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums earned	15,241	15,293	30,258	30,436
Reinsurance premium ceded	(1,774)	(1,582)	(3,530)	(3,194)
Net premiums earned	13,467	13,711	26,728	27,242
P&C Insurance Operations | Dwelling fire & extended coverage
Segment Reporting Information [Line Items]
Gross premiums earned	9,477	9,273	18,757	18,389
P&C Insurance Operations | Homeowners (Including mobile homeowners)
Segment Reporting Information [Line Items]
Gross premiums earned	5,211	5,474	10,407	10,971
P&C Insurance Operations | Other liability
Segment Reporting Information [Line Items]
Gross premiums earned	$ 553	$ 546	$ 1,094	$ 1,076

CONTINGENCIES (Details)

CONTINGENCIES (Details)	Jun. 30, 2019claim
Hurricane
Loss Contingencies [Line Items]
Pending claims, number	1

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 518,000	$ 533,000
Income taxes paid	373,000	0
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in equity	53,000	76,000
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in equity	5,000	5,000
Common Stock | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued	5,000
Additional Paid-in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in equity	$ 48,000	$ 71,000