National Security (NSEC) 10-K 19 Mar 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 19, 2020	Jun. 30, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	0-18649
Entity Registrant Name	National Security Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	63-1020300
Entity Address, Address Line One	661 East Davis Street
Entity Address, City or Town	Elba,
Entity Address, State or Province	AL
Entity Address, Postal Zip Code	36323
City Area Code	334
Local Phone Number	897-2273
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	NSEC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 13,632,216
Entity Common Stock, Shares Outstanding		2,530,678
Entity Central Index Key	0000865058
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments
Fixed maturities held-to-maturity, at amortized cost (estimated fair value: 2019 - $1,345; 2018 - $1,443)	$ 1,290,000	$ 1,449,000
Fixed maturities available-for-sale, at estimated fair value (cost: 2019 - $97,102; 2018 - $96,877)	100,260,000	95,125,000
Equity securities, at estimated fair value (cost: 2019 - $2,127; 2018 - $1,842)	5,303,000	4,306,000
Trading securities	149,000	107,000
Receivable for securities sold	56,000	0
Mortgage loans on real estate, at cost	147,000	156,000
Investment real estate, at book value	2,934,000	2,945,000
Policy loans	1,895,000	1,854,000
Company owned life insurance	4,655,000	4,600,000
Other invested assets	2,280,000	2,148,000
Total Investments	118,969,000	112,690,000
Cash and cash equivalents	11,809,000	5,676,000
Accrued investment income	706,000	774,000
Policy receivables and agents' balances, net	12,028,000	11,185,000
Reinsurance recoverable	276,000	1,772,000
Deferred policy acquisition costs	7,666,000	7,834,000
Property and equipment, net	1,630,000	1,649,000
Income tax recoverable	0	1,463,000
Deferred income tax asset, net	0	716,000
Other assets	850,000	472,000
Total Assets	153,934,000	144,231,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Property and casualty benefit and loss reserves	7,199,000	8,208,000
Accident and health benefit and loss reserves	4,046,000	3,803,000
Life and annuity benefit and loss reserves	34,269,000	33,671,000
Unearned premiums	30,555,000	29,999,000
Policy and contract claims	1,053,000	792,000
Other policyholder funds	1,350,000	1,515,000
Short-term notes payable and current portion of long-term debt	500,000	2,200,000
Long-term debt	13,664,000	12,152,000
Accrued income taxes	226,000	0
Deferred income tax liability	96,000	0
Other liabilities	7,515,000	6,025,000
Total Liabilities	100,473,000	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)	2,443,000	(1,570,000)
Retained earnings	42,891,000	39,355,000
Treasury stock, at cost, 436 shares	(7,000)	0
Total Shareholders' Equity	53,461,000	45,866,000
Total Liabilities and Shareholders' Equity	$ 153,934,000	$ 144,231,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2019USD ($)shares
Investments
Fixed maturities held-to-maturity, at estimated fair value	$ 1,345
Fixed maturities available-for-sale, at cost	97,102
Equity securities, at cost	$ 2,127
Treasury stock (in shares) | shares	436

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
REVENUES
Net premiums earned	$ 59,883	$ 60,856
Net investment income	3,876	3,941
Net investment gains (losses)	3,055	(552)
Other income	585	612
Total Revenues	67,399	64,857
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits and settlement expenses	38,598	40,409
Amortization of deferred policy acquisition costs	3,459	3,597
Commissions	7,429	7,555
General and administrative expenses	9,698	8,839
Taxes, licenses and fees	2,470	2,157
Interest expense	1,165	1,235
Total Benefits, Losses and Expenses	62,819	63,792
Income Before Income Taxes	4,580	1,065
INCOME TAX EXPENSE (BENEFIT)
Current	768	(1,045)
Deferred	(255)	1,331
Total income tax expense	513	286
Net Income	$ 4,067	$ 779
INCOME PER COMMON SHARE BASIC AND DILUTED (in dollars per share)	$ 1.61	$ 0.31
DIVIDENDS DECLARED PER SHARE (in dollars per share)	$ 0.21	$ 0.20

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 4,067	$ 779
Other comprehensive income (loss), net of tax
Unrealized gains (losses) on securities, net of reclassification adjustment of $14 and $100 for 2019 and 2018, respectively	3,879	(2,404)
Unrealized gain on interest rate swap	134	295
Other comprehensive income (loss), net of tax	4,013	(2,109)
Comprehensive income (loss)	$ 8,080	$ (1,330)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Reclassification adjustment	$ 14	$ 100

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Common Stock	Additional Paid-in Capital	Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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	$ 0
Comprehensive income (loss):
Net income	779	779
Other comprehensive income (loss) (net of tax)	(2,109)		(2,109)
Common stock issued	76			5	71	0
Cash dividends	(505)	(505)
Balance at Dec. 31, 2018	45,866	39,355	(1,570)	2,527	5,554	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock reacquired	(7)					(7)
Comprehensive income (loss):
Net income	4,067	4,067
Other comprehensive income (loss) (net of tax)	4,013		4,013
Common stock issued	53			5	48	0
Cash dividends	(531)	(531)
Balance at Dec. 31, 2019	$ 53,461	$ 42,891	$ 2,443	$ 2,532	$ 5,602	$ (7)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net income	$ 4,067	$ 779
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense and amortization/accretion, net	365	312
Net (gains) losses on investments	(3,055)	552
Deferred income taxes	(255)	1,331
Amortization of deferred policy acquisition costs	3,459	3,597
Changes in assets and liabilities:
Change in receivable for securities sold	(56)	0
Change in accrued investment income	68	(6)
Change in reinsurance recoverable	1,496	(1,406)
Policy acquisition costs deferred	(3,291)	(3,307)
Change in accrued income taxes	1,689	(1,070)
Change in net policy liabilities and claims	(199)	1,969
Change in other assets/liabilities, net	1,086	420
Other, net	(1)	6
Net cash provided by operating activities	5,373	3,177
Cash Flows from Investing Activities
Available-for-sale securities	(18,359)	(16,621)
Trading securities and short-term investments	(37)	0
Property and equipment	(105)	(29)
Held-to-maturity securities	173	179
Available-for-sale securities	17,972	14,172
Real estate held for investment	11	188
Proceeds from company owned life insurance	2,031	0
Other invested assets, net	(30)	(38)
Net cash provided by (used in) investing activities	1,656	(2,149)
Cash Flows from Financing Activities
Change in other policyholder funds	(165)	(191)
Change in short-term notes payable	(200)	(1,300)
Dividends paid	(531)	(505)
Net cash used in financing activities	(896)	(1,996)
Net change in cash and cash equivalents	6,133	(968)
Cash and cash equivalents, beginning of year	5,676	6,644
Cash and cash equivalents, end of period	$ 11,809	$ 5,676

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 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, 2019, which includes information and disclosures not presented herein. Description of Business NSIC is licensed in the states of Alabama, Florida, Georgia, Mississippi, South Carolina, Tennessee and Texas and was organized in 1947 to provide life and burial insurance policies to the home service market. Business is produced by both company and independent agents. Primary products include ordinary life, accident and health, supplemental hospital, and cancer insurance products. NSFC is licensed in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee and West Virginia. In addition, NSFC operates on a surplus lines basis in Louisiana. NSFC operates in various property and casualty lines, the most significant of which are: dwelling fire and extended coverage, homeowners and mobile homeowners. Omega is licensed in the states of Alabama and Louisiana. Omega currently has no insurance policies inforce but is party to an intercompany reinsurance agreement with NSFC. Intercompany transactions are eliminated upon consolidation in the accompanying consolidated financial statements. The Company is incorporated under the laws of the State of Delaware. Its common stock is traded on the NASDAQ Global Market under the ticker symbol NSEC. Pursuant to the regulations of the United States Securities and Exchange Commission (SEC), the Company is considered a “Smaller Reporting Company” as defined by SEC Rule 12b-2 of the Exchange Act. The Company has elected to comply with the scaled disclosure requirements of Regulation S-K and only two years of financial statements are included 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. Concentration of Risk The Company's property and casualty subsidiaries, composing 91.2% of consolidated direct written premium, produced business during 2019 in eight states. However, 51% of property and casualty segment direct written premium is generated in the states of Alabama, Mississippi and Louisiana, subjecting the Company to significant geographic concentration. Consequently, adverse weather conditions or changes in the legal, regulatory or economic environment could adversely impact the Company. The Company's life, accident and health insurance subsidiary, composing approximately 8.8% of consolidated direct written premium, is licensed in seven states. However, over 78% of life segment direct premium is generated in the states of Alabama and Georgia. Consequently, changes in the legal, regulatory or economic environment in these states could adversely impact the Company. For the year ended December 31, 2019, one agency individually produced greater than 5% of the Company's direct written premium. Investments The Company's investment securities are classified as follows: • Held-to-maturity investments are fixed maturity securities for which the Company has the positive intent and ability to hold to maturity. These securities are reported at cost, adjusted for amortization of premiums and accretion of discounts which are recognized in interest income using methods which approximate level yields over the period to maturity. • Trading securities are securities acquired with the intent to sell in the near term and are carried at fair value with changes in fair value reported in earnings. • Securities available-for-sale are fixed maturity securities and equity securities not classified as either held-to-maturity or trading. These securities are reported at fair value. Substantially all of our fixed maturity and equity securities are classified as available-for-sale. Changes in fair value of trading securities are reported in the statement of operations. Changes in fair value of fixed maturity securities available-for-sale are reported as net unrealized gains or losses as a component of other comprehensive income. Changes in fair value of equity securities available-for-sale are reported as investment gains/losses in the statement of operations. Investment gains and losses on fixed maturity securities arise when the investments are sold. Investment gains and losses on the sale of fixed maturity investments available-for-sale are determined using the specific-identification method and include write downs for fixed maturity securities considered to be other-than-temporarily impaired. When a fixed maturity security has a decline in value, where fair value is below amortized cost, an other-than-temporary impairment (OTTI) is triggered in circumstances where: • the Company has the intent to sell the security • it is more-likely-than-not that the Company will be required to sell the security before recovery of its amortized cost basis • the Company does not expect to recover the entire amortized cost basis of the security If the Company intends to sell the security or if it is more-likely-than-not the Company will be required to sell the security before recovery, an OTTI is recognized as a realized loss in the statement of operations equal to the difference between the security's amortized cost and its fair value. If the Company does not intend to sell the security or it is not more-likely-than-not that the Company will be required to sell the security before recovery, the OTTI is separated into an amount representing the credit loss, which is recognized as an investment loss in the statement of operations, and the amount related to all other factors, which is recognized in other comprehensive income. Interest on fixed income securities is credited to income as it accrues on the principal amounts outstanding adjusted for amortization of premiums and accretion of discounts computed utilizing the interest method. Premiums and discounts on mortgage backed securities amortize or accrete using anticipated prepayments with changes in anticipated prepayments accounted for prospectively. The model used to determine anticipated prepayment assumptions for mortgage backed securities uses separate home sale, refinancing, curtailment and pay-off assumptions derived from a variety of industry sources. Mortgage backed security valuations are subject to prospective adjustments in yield due to changes in prepayment assumptions. The utilization of the prospective method will result in a recalculated effective yield that will equate the carrying amount of the investment to the present value of the projected future cash flows. The recalculated yield is used to accrue income on investments for subsequent periods. Mortgage loans and policy loans are stated at the unpaid principal balance of such loans, net of any related allowance for loan losses. Investment real estate is reported at cost, less allowances for depreciation computed on the straight-line basis. Investment real estate consists primarily of undeveloped commercial real estate. Other investments consist primarily of investments in notes and equity investments in limited liability companies. The Company has no influence or control over the operating or financial policies of the limited liability companies, and consequently, these investments are accounted for using the cost method. The Company owns life insurance (COLI) contracts on certain management and supervisory employees each having a face amount of approximately $2,000,000 (including cash surrender value at the time of payment). The Company's original investment in currently inforce company owned life insurance is $4,082,000 . The primary purpose of the program is to offset future employee benefit expenses through earnings on the cash value of the policies. The Company is the owner and principal beneficiary of these policies. The life insurance contracts are carried at their current cash surrender value. Cash surrender value at December 31, 2019 and December 31, 2018 was $4,655,000 and $4,600,000 , respectively. Changes in cash surrender values are included in the statement of operations. The change in surrender value included in the statement of operations for the years ended December 31, 2019 and 2018 was an increase of $295,000 and an decrease of $374,000 , respectively. Proceeds from the COLI contracts are recorded when the benefits become payable under the terms of the policy and proceeds in excess of cash surrender value are recognized as a gain on company owned life insurance. Cash and cash equivalents consist of demand deposit and money market accounts and investments with maturities of three months or less when purchased. Cash and cash equivalents are carried at cost, which approximates fair value. Investments with other-than-temporary impairment in value are written down to estimated realizable values and losses recognized as a component of investments gains and losses in the Consolidated Statements of Operations. The fair value of the investment becomes its new cost basis. Fair Values of Financial Instruments The Company uses the following methods and assumptions to estimate fair values: Investments • Fixed income security fair values are based on quoted market prices when available. If not available, fair values are based on values obtained from investment brokers and independent pricing services. • Equity security fair values are based on quoted market prices. • Multiple observable inputs are not available for some of our investments, primarily private placements and limited partnerships. Management values these investments either using non-binding broker quotes or pricing models that utilize market based assumptions that have limited observable inputs. These investments compose less than 1% of total assets. Receivables and reinsurance recoverable - The carrying amounts reported approximate fair value. Interest rate swaps - The estimated fair value of the interest rate swaps is based on valuations received from financial institution counterparties. Trust preferred securities obligations and line of credit obligations - The carrying amounts reported for these instruments are equal to the principal balance outstanding and approximate fair value. Policy Receivables Receivable balances are reported at unpaid balances, less a provision for credit losses. Accounts Receivable Accounts receivable are reported at net realizable value. Management determines the allowance for doubtful accounts based on historical losses and current economic conditions. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined to be uncollectible, they are written off through a charge against an existing allowance account or against earnings. Property and Equipment Property and equipment is carried at cost less accumulated depreciation and includes expenditures that substantially increase the useful lives of existing property and equipment. Significant costs incurred for internally developed software are capitalized and amortized over estimated useful lives of 3 years . Maintenance, repairs, and minor renovations are charged to expense as incurred. Upon sale or retirement of property and equipment, the costs and related accumulated depreciation are eliminated from the respective account and the resulting gain or loss is included in the statement of operations. The Company provides for depreciation of property and equipment using the straight-line method designed to amortize costs over estimated useful lives. Estimated useful lives range up to 40 years for buildings and from 3- 10 years for equipment, furniture and fixtures. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Leases The Company leases automobiles and some office equipment. The Company accounts for leases existing prior to January 1, 2019 under their original classification and omits any new costs classified as initial direct costs. The Company classified all leases as operating leases and accounts for separate lease and nonlease components as a single lease component. Leases are not considered material and the Company recognizes a right of use (ROU) asset which is included in other assets and a corresponding lease liability in other liabilities. The ROU asset recognized by the Company at December 31, 2019 was $389,000 and the corresponding lease liability was $427,000 . Statement of Cash Flows For purposes of reporting cash flows, cash includes cash-on-hand, demand deposits with banks and overnight investments consisting primarily of repurchase agreements. Premium Revenue Life insurance premiums are recognized as revenues when due. Property and casualty insurance premiums include direct writings plus reinsurance assumed less reinsurance ceded and are recognized on a pro-rata basis over the terms of the policies. Unearned premiums represent that portion of direct premiums written that are applicable to the unexpired terms of policy contracts in force and is reported as a liability. Prepaid reinsurance premiums represent the unexpired portion of premiums ceded to reinsurers and are reported as an asset. Deferred Policy Acquisition Costs The costs of acquiring new insurance business are deferred and amortized over the lives of the policies. Deferred costs include commissions, premium taxes, other agency compensation and expenses, and other underwriting expenses directly related to the level of new business produced. Acquisition costs relating to life contracts are amortized over the premium paying period of the contracts, or the first renewal period of term policies, if earlier. Assumptions utilized in amortization are consistent with those utilized in computing policy liabilities. The method of computing the deferred policy acquisition costs for property and casualty policies limits the amount deferred to a percentage of related unearned premiums. Policy Liabilities The liability for future life insurance policy benefits is computed using a net level premium method including the following assumptions: Years of Issue Interest Rate 1947 - 1968 4% 1969 - 1978 6% graded to 5% 1979 - 2003 7% graded to 6% 2004 - 2012 5.25% 2013 - 2014 4.25% 2015 - 2019 4% Mortality assumptions include various percentages of the 1955-60 and 1965-70 Select and Ultimate Basic Male Mortality Table. Withdrawal assumptions are based on the Company's experience. Policyholder Benefit and Claim Settlement Expenses The liability for unpaid claims represents the estimated liability for unpaid loss and loss adjustment expenses incurred but not yet reported under insurance contracts for loss events that have occurred on or before the balance sheet date. The liability for claims and related adjustment expenses are determined using case-basis evaluations and statistical analysis and represent estimates of the ultimate net cost of all losses incurred through December 31 of each year. Liability estimates are continually reviewed and adjusted as necessary; such adjustments are included in the period in which they are determined. Liability estimates are based on reports of losses from policyholders, individual case loss estimates, and estimates of losses incurred but not yet reported. Policyholder benefit and settlement expenses in the consolidated statement of operations include paid claims, settlement cost and changes in claim liability estimates. Loss and adjustment expenses charged to earnings are net of amounts recovered and estimates of recoverable amounts under ceded reinsurance contracts. 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 2,529,652 at December 31, 2019 and 2,525,325 at December 31, 2018 . The Company did no t have any dilutive securities as of December 31, 2019 and 2018. Reinsurance The Company's insurance operations re-insure certain risks in order to limit losses, minimize exposure to large risks, provide additional capacity for future growth and effect business-sharing arrangements. See Note 10 for additional information regarding the Company's reinsurance practices. Income Taxes The Company files a consolidated United States federal income tax return that includes the holding company and its subsidiaries. The Company is currently subject to a statutory rate of 21%. Tax related interest and penalties are reported as components of income tax expense. The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes arise from the recognition of temporary differences between financial statement carrying amounts and the tax basis of the Company's assets and liabilities and capital or operating loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided when it is more-likely-than-not that some portion of the deferred tax asset will not be realized. The effect of a change in tax rates is recognized in the period the new rate is enacted. Changes in deferred tax assets and liabilities are included as a component of income tax expense, with the exception of changes impacting other comprehensive income. Changes in deferred tax assets and liabilities associated with components of other comprehensive income are charged or credited to other comprehensive income. The Company evaluates all tax positions taken on its U.S. federal income tax return. No material uncertainties exist for any tax positions taken by the Company. Contingencies Liabilities for loss contingencies arising from, but not limited to, litigation, claims, assessments, fines and penalties are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Significant attorney fees are estimated and recorded when incurred. Reclassifications Certain 2018 amounts have been reclassified from the prior year consolidated financial statements to conform to the 2019 presentation. Advertising The Company expenses advertising costs as incurred. 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 December 31, 2019 , the net amount exceeding FDIC insured limits was $ 6,766,000 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 December 31, 2019 , the single largest balance due from one agent totaled $349,000 . 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 December 31, 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 December 31, 2019 , management does not believe the Company is exposed to any significant credit risk related to its reinsurance program. Treasury Shares Treasury shares are reported at cost and are reflected on the Consolidated Balance Sheets as a reduction of total equity. Accounting Changes Not Yet Adopted Simplifying the Accounting for Income Taxes In December 2019, the FASB issued guidance to simplify the accounting for income taxes. The guidance removes certain exceptions to general principles in the income tax guidance and amends existing guidance to improve consistent application. The guidance is effective for fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of this new guidance. The Company does not expect the adoption to have a material impact on its financial position or results of operations. 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, 2023 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, 2022, 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 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	12 Months Ended
	Dec. 31, 2019
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES The Company holds passive interests in limited partnerships that are considered to be Variable Interest Entities (VIE) under the provisions of ASC 810 Consolidation . The Company is not the primary beneficiary of the entities and is not required to consolidate under ASC 810. The entities are private placement investment funds formed for the purpose of investing in private equity investments. The Company owns less than 1% of the limited partnerships. The carrying value of the investments totals $317,000 and is included as a component of Other Invested Assets in the accompanying 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 8, are reported in the accompanying 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 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 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 8, are reported in the accompanying 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 consolidated balance sheets.

STATUTORY ACCOUNTING PRACTICES

STATUTORY ACCOUNTING PRACTICES	12 Months Ended
	Dec. 31, 2019
Statutory Accounting Practices [Abstract]
STATUTORY ACCOUNTING PRACTICES	STATUTORY ACCOUNTING PRACTICES The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) which vary in certain respects from reporting practices prescribed or permitted by insurance regulatory authorities. The significant differences for statutory reporting include: (a) acquisition costs of acquiring new business are charged to operations as incurred, (b) life policy liabilities are established utilizing interest and mortality factors specified by regulatory authorities, (c) the Asset Valuation Reserve (AVR) and the Interest Maintenance Reserve (IMR) are recorded as liabilities in the life subsidiary, and (d) non-admitted assets (primarily furniture and equipment, agents' debit balances and prepaid expenses) are charged directly to surplus. Statutory net income (loss) and capital and surplus, excluding intercompany transactions, are summarized as follows: ($ in thousands) 2019 2018 NSIC - including realized capital gains of $272 and $71, respectively $ 1,378 $ 1,558 NSFC - including realized capital gains (losses) of $(10) and $39, respectively $ 2,644 $ 786 Omega - including realized capital gains (losses) of $(21) and $7, respectively $ 593 $ (64 ) Statutory risk-based adjusted capital: NSIC - including AVR of $968 and $766, respectively $ 17,210 $ 16,043 NSFC - including investment in Omega of $7,930 and $7,280, respectively $ 36,264 $ 34,645 Omega $ 11,430 $ 10,783 The above amounts exclude allocation of direct expenses of the Company. NSIC, NSFC and Omega are in compliance with statutory restrictions with regard to minimum amounts of surplus and capital.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 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 fixed maturities are reported after-tax as a component of other comprehensive income. 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 December 31, 2019 are as follows: ($ in thousands) Available-for-sale securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government corporations and agencies $ 4,131 $ 150 $ — $ 4,281 Agency mortgage backed securities 32,283 861 157 32,987 Asset backed securities 10,307 71 104 10,274 Private label mortgage backed securities 6,815 441 4 7,252 Corporate bonds 36,074 1,816 70 37,820 States, municipalities and political subdivisions 6,669 109 1 6,777 Foreign governments 823 46 — 869 Total Fixed Maturities 97,102 3,494 336 100,260 Equity securities 2,127 3,176 — 5,303 Total $ 99,229 $ 6,670 $ 336 $ 105,563 The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2019 are as follows: ($ in thousands) Held-to-maturity securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Agency mortgage backed securities $ 1,290 $ 55 $ — $ 1,345 Total $ 1,290 $ 55 $ — $ 1,345 The amortized cost and aggregate fair values of investments in available-for-sale securities as of December 31, 2018 are as follows: ($ 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: ($ 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 December 31, 2019 , by contractual maturity, are presented in the following table. 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. ($ in thousands) Amortized Cost Fair Value Available-for-sale securities: Due in one year or less $ 2,136 $ 2,133 Due after one year through five years 17,397 17,945 Due after five years through ten years 25,683 26,516 Due after ten years 51,886 53,666 Total $ 97,102 $ 100,260 Held-to-maturity securities: Due after one year through five years $ 29 $ 30 Due after five years through ten years 4 5 Due after ten years 1,257 1,310 Total $ 1,290 $ 1,345 A summary of securities available-for-sale with unrealized losses as of December 31, 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: ($ in thousands) Less than 12 months 12 months or longer Total December 31, 2019 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 $ 5,663 $ 104 $ 1,751 $ 53 $ 7,414 $ 157 18 Asset backed securities 4,241 33 1,579 71 5,820 104 9 Private label mortgage backed securities 1,060 4 — — 1,060 4 1 Corporate bonds 6,363 54 1,484 16 7,847 70 14 States, municipalities and political subdivisions 512 1 — — 512 1 1 $ 17,839 $ 196 $ 4,814 $ 140 $ 22,653 $ 336 43 There were no securities held-to-maturity with unrealized losses as of December 31, 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: ($ 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: ($ 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 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 5% 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 year ended December 31, 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 December 31, 2019 , the three largest losses not realized as an impairment in the fixed maturity portfolio totaled $60,000 , $23,000 and $20,000 . 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 $94,000 . Major categories of investment income are summarized as follows: ($ in thousands) Year ended 2019 2018 Fixed maturities $ 3,752 $ 3,803 Equity securities 86 106 Mortgage loans on real estate 8 7 Investment real estate 4 3 Policy loans 142 142 Other 30 25 4,022 4,086 Less: Investment expenses 146 145 Net investment income $ 3,876 $ 3,941 Major categories of investment gains and losses are summarized as follows: ($ in thousands) Year ended 2019 2018 Realized gains on fixed maturities $ 18 $ 128 Realized gains on equity securities 233 — Gains on trading securities 5 — Change in fair value of equity securities 712 (203 ) Change in surrender value of company owned life insurance 295 (374 ) Realized gain on company owned life insurance 1,792 — Other gains (losses), principally real estate — (87 ) Other-than-temporary impairments — (16 ) Net investment gains (losses) $ 3,055 $ (552 ) An analysis of the net change in unrealized gains (losses) on available-for-sale securities follows: ($ in thousands) December 31, December 31, 2018 Fixed maturities $ 4,910 $ (3,042 ) Deferred income tax (1,031 ) 638 Change in net unrealized gains (losses) on available-for-sale securities $ 3,879 $ (2,404 )

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES	12 Months Ended
	Dec. 31, 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 December 31, 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 $ 4,281 $ 4,281 $ — $ — Agency mortgage backed securities 32,987 19,330 13,657 — Asset backed securities 10,274 2,601 7,673 — Corporate bonds 37,820 — 37,820 — Private label asset backed securities 7,252 1,060 6,192 — States, municipalities and political subdivisions 6,777 — 6,777 — Foreign governments 869 869 — — Trading securities 149 149 — — Equity securities 5,303 3,988 — 1,315 Total Financial Assets $ 105,712 $ 32,278 $ 72,119 $ 1,315 Financial Liabilities Interest rate swap $ (65 ) $ — $ — $ (65 ) Total Financial Liabilities $ (65 ) $ — $ — $ (65 ) 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 December 31, 2019 , Level 3 fair value measurements of assets include $1,315,000 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 December 31, 2019 , Level 3 fair value measurements of liabilities include $65,000 net fair value of various interest rate swap agreements whose value is based on analysis provided by a third party that utilizes financial modeling tools and assumptions on interest and other factors. The Company does not develop the unobservable inputs used in measuring fair value. Additional information regarding the interest rate swap agreements is provided in Note 8. The table below presents a reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2019 : ($ in thousands) For the year December 31, 2019 Equity Securities Interest Rate Swap Beginning balance $ 1,125 $ (234 ) Total gains or losses (realized and unrealized): Included in earnings 645 — Included in other comprehensive income — 169 Purchases: — — Sales: (455 ) — Issuances: — — Settlements: — — Transfers in/(out) of Level 3 — — Ending balance $ 1,315 $ (65 ) 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, 2019: $ — $ — For the year ended December 31, 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 10,660 2,939 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 $ 99,538 $ 22,934 $ 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 8 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 December 31, 2019 and December 31, 2018 are as follows: ($ in thousands) December 31, 2019 December 31, 2018 Assets and related instruments Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Held-to-maturity securities $ 1,290 $ 1,345 $ 1,449 $ 1,443 Mortgage loans 147 147 156 156 Policy loans 1,895 1,895 1,854 1,854 Company owned life insurance 4,655 4,655 4,600 4,600 Other invested assets 2,280 2,280 2,148 2,148 Liabilities and related instruments Other policyholder funds 1,350 1,350 1,515 1,515 Short-term notes payable and current portion of long-term debt 500 500 2,200 2,200 Long-term debt 13,664 13,664 12,152 12,152

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Major categories of property and equipment are summarized as follows: ($ in thousands) December 31, 2019 December 31, 2018 Building and improvements $ 3,472 $ 3,378 Electronic data processing equipment 1,470 1,504 Furniture and fixtures 483 477 5,425 5,359 Less accumulated depreciation 3,795 3,710 Property and equipment, net $ 1,630 $ 1,649 Depreciation expense for the year ended December 31, 2019 was $124,000 ( $161,000 for the year ended December 31, 2018).

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES 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 2018. Net deferred tax liabilities are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of the enacted tax laws. 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 $96,000 at December 31, 2019 and a net deferred tax asset position of $716,000 at December 31, 2018 . At December 31, 2018, the Company recognized an AMT credit in income tax recoverable of $1,622,000 . Of this amount, $1,074,000 was recovered with the 2018 return and Management anticipates the remaining $548,000 will be recovered by 2020 pursuant to allowable amounts under the Tax Cuts and Jobs Act enacted in 2017. The tax effect of significant differences representing deferred tax assets and liabilities are as follows: ($ in thousands) As of December 31, As of December 31, General expenses $ 1,269 $ 1,067 Unearned premiums 1,288 1,265 Claims liabilities 645 552 Impairment on real estate owned 119 119 Unrealized losses on securities available-for-sale — 368 Unrealized loss on interest rate swaps 14 49 Deferred tax assets 3,335 3,420 Trading securities (1 ) — Depreciation (93 ) (79 ) Deferred policy acquisition costs (1,610 ) (1,645 ) Pre-1984 policyholder surplus account (397 ) (463 ) Unrealized gains on securities available-for-sale (667 ) — Unrealized gains on equity securities (663 ) (517 ) Deferred tax liabilities (3,431 ) (2,704 ) Net deferred tax asset (liability) $ (96 ) $ 716 The appropriate income tax effects of changes in temporary differences are as follows: ($ in thousands) Year ended 2019 2018 Deferred policy acquisition costs $ (35 ) $ (61 ) Other-than-temporary impairments — (3 ) Trading securities 1 — Unearned premiums (23 ) 4 General expenses (202 ) 2 Depreciation 14 (9 ) Claims liabilities (93 ) (68 ) AMT credit — 1,575 Impact of repeal of special provision on pre-1984 policyholder surplus (66 ) (66 ) Unrealized gains (losses) on equity securities 149 (43 ) Deferred income tax expense (benefit) $ (255 ) $ 1,331 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: Year ended 2019 2018 Federal income tax rate applied to pre-tax income/loss 21.0 % 21.0 % Dividends received deduction and tax-exempt interest (0.3 )% (2.4 )% Company owned life insurance (9.6 )% 7.4 % Other, net 0.1 % 0.9 % Effective federal income tax rate 11.2 % 26.9 %

NOTES PAYABLE AND LONG-TERM DEB

NOTES PAYABLE AND LONG-TERM DEBT	12 Months Ended
	Dec. 31, 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 December 31, 2019 and December 31, 2018 : ($ in thousands) December 31, 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. $ 500 $ 2,200 $ 500 $ 2,200 Long-term debt consisted of the following as of December 31, 2019 and December 31, 2018 : ($ in thousands) December 31, December 31, 2019 2018 Promissory note with variable interest rate equal to the WSJ prime rate plus 0.5%; maturity November 2023. Annual installment payments beginning November 2020. Unsecured. $ 1,500 $ — Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $150,000 in debt issuance cost ($159,000 in 2018); maturity December 15, 2035. Interest payable quarterly. Redeemable prior to maturity. Unsecured. 9,129 9,120 Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $58,000 in debt issuance cost ($61,000 in 2018); maturity June 15, 2037. Interest payable quarterly. Redeemable prior to maturity. Unsecured. 3,035 3,032 $ 13,664 $ 12,152 Annual maturities of all outstanding debt for the next five years and beyond are as follows: ($ in thousands) 2020 2021 2022 2023 2024 Thereafter $ 500 $ 500 $ 500 $ 500 $ — $ 12,164 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 $65,000 (liability), respectively, for a total liability of $65,000 at December 31, 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 $134,000 (net of tax) is included in accumulated other comprehensive income related to the swap agreements at December 31, 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 December 31, 2019 , the Company has securities on deposit with fair market values of $294,000 (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 5 for additional information about the interest rate swaps.

POLICY AND CLAIM RESERVES

POLICY AND CLAIM RESERVES	12 Months Ended
	Dec. 31, 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 reserve 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: ($ in thousands) Year 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 35,312 36,457 Estimated claims and claim adjustment expenses for claims arising in prior years (1,333 ) (722 ) Total increases 33,979 35,735 Claims and claim adjustment expense payments for claims arising in: Current year 30,179 31,833 Prior years 3,674 3,826 Total payments 33,853 35,659 Net balance at end of period 6,950 6,824 Plus reinsurance recoverable on unpaid losses 249 1,384 Claims and claim adjustment expense reserves at end of period $ 7,199 $ 8,208 Claim and claim adjustment expense reserves before reinsurance recoverable at December 31, 2019 was down compared to the same period last year. Reserves were higher at December 31, 2018 primarily due to losses associated with Hurricane Michael. Reinsurance recoverable on unpaid losses was also higher in 2018 due to amounts recoverable on unpaid losses associated with Hurricane Michael. The estimate for claims arising in prior years was reduced $1,332,000 in 2019 (reduced $722,000 in 2018) due to favorable loss development during the year on claims arising in prior years. The Company has a geographic exposure to catastrophe losses in certain areas of the country. Catastrophes can be caused by various events including hurricanes, windstorms, earthquakes, hail, severe winter weather, explosions and fires, and the incidence and severity of catastrophes are inherently unpredictable. The extent of losses from a catastrophe is a function of both the total amount of insured exposure in the area affected by the event and the severity of the event. Most catastrophe losses are restricted to small geographic areas; however, hurricanes and earthquakes may produce significant damage in large, heavily populated areas. The Company generally seeks to reduce its exposure to catastrophes through individual risk selection and the purchase of catastrophe reinsurance. At December 31, 2019, the Company's estimate of unpaid losses and adjustment expenses for claims incurred in prior years related to catastrophes that exceeded our retention totaled $24,000 before reinsurance ( $18,000 in 2018). The claim development table that follows presents incurred and cumulative paid claims and adjustment expense by accident year. Information presented is undiscounted and net of reinsurance. Homeowners, Dwelling Fire and Other Liability For the Years Ended December 31, 2010 1 2011 1 2012 1 2013 1 2014 1 2015 1 2016 1 2017 1 2018 1 2019 Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance ($ in thousands) Years IBNR Reserves Dec. 31, 2019 Cumulative Number of Reported Claims 2010 $ 30,610 $ 29,918 $ 29,805 $ 29,718 $ 29,687 $ 29,672 $ 29,641 $ 29,660 $ 29,659 $ 29,654 $ — 5,891 2011 — 35,203 33,957 34,233 34,711 34,806 34,650 34,658 34,663 34,751 50 8,132 2012 — — 29,959 30,190 30,402 30,091 29,948 29,885 29,827 29,834 5 5,203 2013 — — — 27,436 27,147 27,076 27,023 27,191 27,236 27,022 7 5,213 2014 — — — — 25,929 26,422 26,290 26,225 26,130 26,096 — 4,752 2015 — — — — — 31,484 30,861 30,360 30,890 30,960 363 5,852 2016 — — — — — — 36,287 35,343 35,399 35,144 — 5,189 2017 — — — — — — — 40,210 38,958 38,642 99 5,328 2018 — — — — — — — — 37,079 36,195 438 4,788 2019 — — — — — — — — — 35,929 2,827 4,616 Total $ 324,227 1 Required supplementary information (unaudited) Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance Unaudited ($ in thousands) Years 2010 1 2011 1 2012 1 2013 1 2014 1 2015 1 2016 1 2017 1 2018 1 2019 2010 $ 26,064 $ 29,201 $ 29,404 $ 29,507 $ 29,639 $ 29,640 $ 29,640 $ 29,660 $ 29,659 $ 29,654 2011 — 31,488 33,080 33,484 34,167 34,622 34,621 34,641 34,647 34,650 2012 — — 26,162 29,135 29,614 29,765 29,834 29,835 29,823 29,824 2013 — — — 24,157 26,114 26,487 26,661 26,788 26,976 27,011 2014 — — — — 22,844 25,461 25,800 26,033 26,095 26,094 2015 — — — — — 25,923 30,066 30,190 30,296 30,366 2016 — — — — — — 31,893 34,722 35,029 35,139 2017 — — — — — — — 35,209 38,245 38,499 2018 — — — — — — — — 32,456 35,543 2019 — — — — — — — — — 30,796 Total $ 317,576 All outstanding liabilities before 2008, net of reinsurance 290 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 6,941 1 Required supplementary information (unaudited) The cumulative number of reported claims presented above is reported on a per claimant basis. Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Required Supplementary Information - Unaudited) Years 1 2 3 4 5 6 7 8 9 10 88.4 % 9.2 % 0.9 % 0.6 % 0.3 % 0.4 % 0.1 % — % — % 0.1 % The tables presented above represent homeowners, dwelling fire and other liability lines of business. The Company combined the data for these lines of business because the policy coverage and payout pattern for homeowners and dwelling fire are not materially different. Also, other liability is combined with dwelling fire because liability coverage is only sold as an additional coverage offered only with the dwelling fire policy. The Company offers no stand alone liability products. Management periodically estimates the liability for claims that have been reported but not paid and for claims incurred but not reported (IBNR). Management utilizes expected losses along with historical data analysis of paid and incurred loss development patterns over the past ten years to aide in establishing the claims liability. Management also separately evaluates any recent large events in establishing claim reserves. The Company also engages a consulting actuary to review managements' estimates of claim liabilities each year. There has been no material change in reserving methodology in 2019 compared to prior years. As shown in the table above depicting average annual payout of incurred claims, 88.4% of claims are settled within twelve months of the date of loss and cumulatively, 97.6% of claims are settled within two years of the date of loss. While reserves for reported but unpaid and incurred but not reported claims can ultimately prove to be excessive or deficient, the short duration of the Company's claim liabilities serves to lesson the uncertainty compared to longer tail lines of insurance. The Company has no material exposure to difficult to estimate long tail liabilities such as toxic waste cleanup, asbestos related illness or other environmental remediation exposures. Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Liability for Unpaid Claims and Claim Adjustment Expenses ($ in thousands) December 31, 2019 December 31, 2018 Net outstanding liabilities Homeowners' insurance $ 2,651 $ 2,418 Dwelling fire insurance 2,623 2,602 Other Liability insurance 1,667 1,804 Other short-duration insurance lines 9 — Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance 6,950 6,824 Reinsurance recoverable on unpaid claims Homeowners' insurance 203 537 Dwelling fire insurance 46 847 Other Liability insurance — — Other short-duration insurance lines — — Total reinsurance recoverable on unpaid claims 249 1,384 Insurance lines other than short-duration — — Unallocated claims adjustment expenses — — Other — — — — Total gross liability for unpaid claims and claim adjustment expense $ 7,199 $ 8,208 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 $417,000 at December 31, 2019 ( $358,000 at December 31, 2018). These claims are a component of policy and contract claims which totaled $1,053,000 at December 31, 2019 ( $792,000 at December 31, 2018). Cumulative incurred and paid claims over the last three years, along with annual percentage payouts related to accident and health claims, is as follows: For the Years Ended December 31, 2017 1 2018 1 2019 Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance ($ in thousands) Years IBNR Reserves Dec. 31, 2019 Cumulative Number of Reported Claims 2017 $ 1,008 $ 964 $ 917 $ — 1,612 2018 1,037 1,120 — 1,469 2019 935 417 1,174 1 Required supplementary information (unaudited) Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance ($ in thousands) Years 2017 1 2018 1 2019 2017 $ 725 $ 881 $ 916 2018 747 991 2019 614 1 Required supplementary information (unaudited) Average Annual Percentage Payout of Incurred Claims by Age Required supplementary information (unaudited) Years 1 2 3 70.5% 21.8% 7.6%

REINSURANCE

REINSURANCE	12 Months Ended
	Dec. 31, 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 December 31, 2019 , the largest reinsurance recoverable of a single reinsurer was $ 10,000 ($ 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	12 Months Ended
	Dec. 31, 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 year ended December 31, 2019 and 2018 amounted to $181,000 and $182,000 , 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 year ended December 31, 2019 and 2018 amounted to an approximate increase of $573,000 and decrease of $53,000 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 year ended December 31, 2019 and contributions of $232,000 during the year ended December 31, 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

REGULATORY REQUIREMENTS AND DIV

REGULATORY REQUIREMENTS AND DIVIDEND RESTRICTIONS	12 Months Ended
	Dec. 31, 2019
Regulatory Requirements and Dividend Restrictions [Abstract]
REGULATORY REQUIREMENTS AND DIVIDEND RESTRICTIONS	REGULATORY REQUIREMENTS AND DIVIDEND RESTRICTIONS The Company is dependent on dividends from its insurance subsidiaries to fund operations and for the payment of shareholder dividends. Dividend payments from the insurance subsidiaries are subject to regulatory review/approval and statutory limitations. The statutory limitations are outlined as follows: The amount of dividends paid from NSIC to the Company in any year may not exceed, without prior approval of regulatory authorities, the greater of 10% of statutory surplus as of the end of the preceding year, or the statutory net gain from operations for the preceding year. At December 31, 2019, NSIC's retained earnings unrestricted for the payment of dividends in the next twelve months amounted to $1,624,000 . NSFC is similarly restricted in the amount of dividends payable to the Company; dividends may not exceed the greater of 10% of statutory surplus as of the end of the preceding year, or net income for the preceding year. At December 31, 2019, NSFC's retained earnings unrestricted for the payment of dividends in the next twelve months amounted to $3,626,000 . The payment of any subsidiary dividend requires prior notice to the regulatory authorities who may disallow the dividend if, in their judgment, payment of the dividend would have an adverse effect on the surplus of the subsidiary. Additionally, there are other considerations that can limit the payment of dividends to amounts less than statutory limits. Some of these considerations include potential adverse impact on regulatory capital ratios and impact on ratings issued by rating agencies such as A.M. Best and Demotech. At December 31, 2019, securities with market values of $3,188,000 ( $3,031,000 at December 31, 2018) were pledged with various states pursuant to statutory requirements.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY During the year ended December 31, 2019 and year ended December 31, 2018 , changes in shareholders' equity consisted of net income of $4,067,000 and net income of $779,000 , respectively; dividends paid of $531,000 in 2019 and $505,000 in 2018; other comprehensive income of $4,013,000 in 2019 and other comprehensive loss of $2,109,000 in 2018; common stock issued of $53,000 in 2019 and $76,000 in 2018; and the purchase of treasury shares of $7,000 in 2019. 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 December 31, 2019 and December 31, 2018 : December 31, 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 2,531,116 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. Treasury Stock Treasury stock may be purchased pursuant to the share repurchase plan authorized by the Board of Directors in November 2019. The Board authorized the repurchase of up to $1,000,000 of the Company's outstanding common stock. The plan expires in May 2020. During 2019, 436 shares of common stock were repurchased and placed in treasury.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 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: ($ in thousands) Year ended 2019 2018 Unrealized Gains (Losses) on Cash Flow Hedges Balance at beginning of period $ (185 ) $ (480 ) Other comprehensive income for period: Other comprehensive gain before reclassifications 134 295 Net current period other comprehensive income 134 295 Balance at end of period $ (51 ) $ (185 ) Unrealized Gains (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 3,865 (2,304 ) Reclassification adjustment - gains on equity securities — (2,107 ) Amounts reclassified from accumulated other comprehensive income (loss) 14 (100 ) Net current period other comprehensive income (loss) 3,879 (4,511 ) Balance at end of period $ 2,494 $ (1,385 ) Total Accumulated Other Comprehensive Income (Loss) at end of period $ 2,443 $ (1,570 ) The following table presents the amounts reclassified out of AOCI for the year ended December 31, 2019 : ($ 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 $ 18 Net investment gains 18 Total before tax (4 ) Tax expense $ 14 Net of Tax The following table presents the amounts reclassified out of AOCI for the year ended December 31, 2018 : ($ 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 $ 127 Net investment gains 127 Total before tax (27 ) Tax expense $ 100 Net of Tax

SEGMENTS

SEGMENTS	12 Months Ended
	Dec. 31, 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 December 31, 2019 and December 31, 2018 are summarized below: ($ in thousands) Assets by industry segment Total P&C Insurance Operations Life Insurance Operations Non-Insurance Operations December 31, 2019 $ 153,934 $ 83,917 $ 65,605 $ 4,412 December 31, 2018 $ 144,231 $ 80,994 $ 59,479 $ 3,758 Net income by business segment for the years ended December 31, 2019 and 2018 is summarized below: ($ in thousands) Year ended December 31, 2019 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter- company Eliminations Total REVENUE Net premiums earned $ 54,019 $ 5,864 $ — $ — $ 59,883 Net investment income 1,683 2,677 56 (540 ) 3,876 Investment gains 2,178 861 16 — 3,055 Other income 575 853 1,019 (1,862 ) 585 58,455 10,255 1,091 (2,402 ) 67,399 BENEFITS AND EXPENSES Policyholder benefits paid 33,979 5,027 — (408 ) 38,598 Amortization of deferred policy acquisition costs 2,723 736 — — 3,459 Commissions 7,148 281 — — 7,429 General and administrative expenses 8,616 1,948 1,128 (1,994 ) 9,698 Taxes, licenses and fees 2,185 285 — — 2,470 Interest expense — 43 1,122 — 1,165 54,651 8,320 2,250 (2,402 ) 62,819 Income (Loss) Before Income Taxes 3,804 1,935 (1,159 ) — 4,580 INCOME TAX EXPENSE (BENEFIT) 359 397 (243 ) — 513 Net Income (Loss) $ 3,445 $ 1,538 $ (916 ) $ — $ 4,067 ($ in thousands) Year ended December 31, 2018 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter-company Eliminations Total REVENUE Net premiums earned $ 54,837 $ 6,019 $ — $ — $ 60,856 Net investment income 1,704 2,722 55 (540 ) 3,941 Investment gains (losses) (474 ) (78 ) — — (552 ) Other income 609 1,078 1,006 (2,081 ) 612 56,676 9,741 1,061 (2,621 ) 64,857 BENEFITS AND EXPENSES Policyholder benefits paid 35,735 5,242 — (568 ) 40,409 Amortization of deferred policy acquisition costs 2,759 838 — — 3,597 Commissions 7,267 288 — — 7,555 General and administrative expenses 8,472 2,111 309 (2,053 ) 8,839 Taxes, licenses and fees 1,937 220 — — 2,157 Interest expense — 48 1,187 — 1,235 56,170 8,747 1,496 (2,621 ) 63,792 Income (Loss) Before Income Taxes 506 994 (435 ) — 1,065 INCOME TAX EXPENSE (BENEFIT) (97 ) 232 151 — 286 Net Income (Loss) $ 603 $ 762 $ (586 ) $ — $ 779 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 years ended December 31, 2019 and 2018, respectively: ($ in thousands) Years ended 2019 2018 Life, accident and health operations premiums written: Traditional life insurance $ 4,181 $ 4,336 Accident and health insurance 1,770 1,831 Gross life, accident and health 5,951 6,167 Reinsurance premium ceded (77 ) (81 ) Net life, accident and health premiums written $ 5,874 $ 6,086 Property and Casualty operations premiums written: Dwelling fire & extended coverage $ 38,847 $ 37,598 Homeowners (Including mobile homeowners) 20,507 21,214 Other liability 2,224 2,195 Gross property and casualty 61,578 61,007 Reinsurance premium ceded (7,041 ) (6,376 ) Net property and casualty written $ 54,537 $ 54,631 Consolidated gross premiums written $ 67,529 $ 67,174 Reinsurance premium ceded (7,118 ) (6,457 ) Consolidated net premiums written $ 60,411 $ 60,717 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 years ended December 31, 2019 and 2018, respectively: ($ in thousands) Years ended 2019 2018 Life, accident and health operations premiums earned: Traditional life insurance $ 4,165 $ 4,273 Accident and health insurance 1,776 1,827 Gross life, accident and health 5,941 6,100 Reinsurance premium ceded (77 ) (81 ) Net life, accident and health premiums earned $ 5,864 $ 6,019 Property and Casualty operations premiums earned: Dwelling fire & extended coverage $ 38,090 $ 37,232 Homeowners (Including mobile homeowners) 20,758 21,801 Other liability 2,212 2,180 Gross property and casualty 61,060 61,213 Reinsurance premium ceded (7,041 ) (6,376 ) Net property and casualty earned $ 54,019 $ 54,837 Consolidated gross premiums earned $ 67,001 $ 67,313 Reinsurance premium ceded (7,118 ) (6,457 ) Consolidated net premiums earned $ 59,883 $ 60,856

CONTINGENCIES

CONTINGENCIES	12 Months Ended
	Dec. 31, 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 December 31, 2018. 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. There are no other individual actions deemed material by management based upon evaluation of information presently available.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Cash paid for interest during the year ended December 31, 2019 was $1,185,000 ( $1,231,000 in 2018). Cash received from income taxes during the year ended December 31, 2019 was $921,000 . Cash paid for income taxes during the year ended December 31, 2018 was $25,000 . During the year ended December 31, 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	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Management has evaluated subsequent events and their potential effects on these consolidated financial statements through the filing date of this Form 10-K.

Schedule I. Summary of Investm

Schedule I. Summary of Investments Other Than Investments in Related Parties	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I. Summary of Investments Other Than Investments in Related Parties	THE NATIONAL SECURITY GROUP, INC. ($ in thousands) December 31, 2019 December 31, 2018 Cost Fair Value Amount per the Balance Sheet Cost Fair Value Amount per the Balance Sheet Securities Held-to-Maturity: Agency mortgage backed securities $ 1,290 $ 1,345 $ 1,290 $ 1,449 $ 1,443 $ 1,449 Total Securities Held-to-Maturity 1,290 1,345 1,290 1,449 1,443 1,449 Securities Available-for-Sale: Equity Securities: Banks and insurance companies 843 2,335 2,335 1,064 2,044 2,044 Industrial and all other 1,284 2,968 2,968 778 2,262 2,262 Total equity securities 2,127 5,303 5,303 1,842 4,306 4,306 Debt Securities: U.S. Government corporations and agencies 4,131 4,281 4,281 4,820 4,744 4,744 Agency mortgage backed securities 32,283 32,987 32,987 27,492 27,106 27,106 Asset backed securities 10,307 10,274 10,274 10,901 10,660 10,660 Private label asset backed securities 6,815 7,252 7,252 5,869 5,947 5,947 Corporate bonds 36,074 37,820 37,820 36,935 35,791 35,791 States, municipalities and political subdivisions 6,669 6,777 6,777 10,059 10,073 10,073 Foreign governments 823 869 869 801 804 804 Total Debt Securities 97,102 100,260 100,260 96,877 95,125 95,125 Total Available-for-Sale 99,229 105,563 105,563 98,719 99,431 99,431 Total Securities 100,519 106,908 106,853 100,168 100,874 100,880 Trading securities 149 149 149 107 107 107 Mortgage loans on real estate 147 147 147 156 156 156 Investment real estate 2,934 2,934 2,934 2,945 2,945 2,945 Policy loans 1,895 1,895 1,895 1,854 1,854 1,854 Company owned life insurance 4,082 4,655 4,655 4,315 4,600 4,600 Other invested assets 2,336 2,336 2,336 2,148 2,148 2,148 Total investments $ 112,062 $ 119,024 $ 118,969 $ 111,693 $ 112,684 $ 112,690

Schedule II. Condensed Financia

Schedule II. Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information of Registrant [Abstract]
Scheule II. Condensed Financial Information of Registrant	Schedule II. Condensed Financial Information of Registrant THE NATIONAL SECURITY GROUP, INC. (PARENT COMPANY) BALANCE SHEETS ( $ in thousands ) December 31, 2019 2018 Assets Fixed maturities available-for-sale, at estimated fair value $ 294 $ 932 Investment real estate, at book value 356 356 Cash 3,393 523 Investment in subsidiaries (equity method) eliminated upon consolidation 65,329 59,229 Income tax recoverable 491 1,012 Deferred income tax asset 714 601 Other assets 525 490 Total Assets $ 71,102 $ 63,143 Liabilities and Shareholders' Equity Liabilities Accrued general expenses $ 3,412 $ 2,691 Interest rate swaps 65 234 Short-term notes payable 500 2,200 Long-term debt 13,664 12,152 Total Liabilities 17,641 17,277 Total Shareholders' Equity 53,461 45,866 Total Liabilities and Shareholders' Equity $ 71,102 $ 63,143 THE NATIONAL SECURITY GROUP, INC. (PARENT COMPANY) STATEMENTS OF INCOME ($ in thousands ) Years Ended December 31, 2019 2018 Income Dividends (eliminated upon consolidation) $ 2,750 $ 750 Net realized investment gains 16 — Holding company management service fees 1,019 1,006 Other income 56 55 3,841 1,811 Expenses State taxes 51 43 Interest 1,122 1,187 Other expenses 1,077 266 2,250 1,496 Income before income taxes and equity in undistributed earnings of 1,591 315 Income tax expense (benefit) (243 ) 151 Income before equity in undistributed earnings of subsidiaries 1,834 164 Equity in undistributed earnings of subsidiaries 2,233 615 Net income $ 4,067 $ 779 THE NATIONAL SECURITY GROUP, INC. (PARENT COMPANY) STATEMENTS OF CASH FLOWS ($ in thousands ) Years Ended December 31, 2019 2018 Cash Flows from Operating Activities: Net income $ 4,067 $ 779 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of subsidiaries (2,233 ) (615 ) Net realized investment gains (16 ) — Income taxes 370 58 Other, net 750 (137 ) Net cash provided by operating activities 2,938 85 Cash Flows from Investing Activities: Net sales of investments 663 490 Net cash provided by investing activities 663 490 Cash Flows from Financing Activities: Net repayments of debt (200 ) (1,300 ) Cash dividends (531 ) (505 ) Net cash used in financing activities (731 ) (1,805 ) Net change in cash and cash equivalents 2,870 (1,230 ) Cash and cash equivalents, at beginning of year 523 1,753 Cash and cash equivalents, at end of year $ 3,393 $ 523 Notes to Condensed Financial Information of Registrant Note 1 - Basis of Presentation Pursuant to the rules and regulations of the Securities and Exchange Commission, the Condensed Financial Information of the Registrant does not include all of the information and notes normally included with financial statements prepared in accordance with generally accepted accounting principles. It is, therefore, suggested that this Condensed Financial Information be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Registrant’s Annual Report as referenced in Form 10-K, Part II, Item 8, page 45. Note 2 - Cash Dividends and Asset Transfers from Insurance Subsidiaries In 2019, cash dividends of $2,750,000 were paid to the Registrant by its subsidiaries ( $750,000 in 2018).

Schedule III. Supplementary Ins

Schedule III. Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Schedule III. Supplementary Insurance Information	Schedule III. Supplementary Insurance Information THE NATIONAL SECURITY GROUP, INC. ($ in thousands ) Deferred Acquisition Costs Future Policy Benefits Unearned Premiums Unpaid Losses At December 31, 2019: Life and accident and health insurance $ 4,227 $ 38,315 $ 10 $ 1,053 Property and casualty insurance 3,439 — 30,545 7,199 Total $ 7,666 $ 38,315 $ 30,555 $ 8,252 At December 31, 2018: Life and accident and health insurance $ 4,416 $ 37,474 $ 10 $ 792 Property and casualty insurance 3,418 — 29,989 7,075 Total $ 7,834 $ 37,474 $ 29,999 $ 7,867 Premium Revenue Net Investment Income Other Income Benefits, Claims, Losses and Settlement Expenses Commissions, Amortization General Expenses, Taxes, Licenses and Fees For the year ended December 31, 2019: Life and accident and health insurance $ 5,864 $ 2,677 $ 853 $ 5,027 $ 1,017 $ 2,233 Property and casualty insurance 54,019 1,683 575 33,979 9,871 10,801 Other — 56 1,019 — — 1,128 Total $ 59,883 $ 4,416 $ 2,447 $ 39,006 $ 10,888 $ 14,162 For the year ended December 31, 2018: Life and accident and health insurance $ 6,019 $ 2,722 $ 1,078 $ 5,242 $ 1,126 $ 2,331 Property and casualty insurance 54,837 1,704 609 35,735 10,026 10,409 Other — 55 1,006 — — 309 Total $ 60,856 $ 4,481 $ 2,693 $ 40,977 $ 11,152 $ 13,049 Note: Investment income and other operating expenses are reported separately by segment and not allocated.

Schedule IV. Reinsurance

Schedule IV. Reinsurance	12 Months Ended
	Dec. 31, 2019
Reinsurance [Abstract]
Schedule IV. Reinsurance	Schedule IV. Reinsurance THE NATIONAL SECURITY GROUP, INC. ($ in thousands ) Gross Amount Ceded to Other Companies Assumed from Other Companies Net Amount Percentage of Amount Assumed to Net For the year ended December 31, 2019 Life insurance in force $ 202,663 $ 9,761 $ — $ 192,902 — % Premiums: Life insurance and accident and health insurance $ 5,941 $ 77 $ — $ 5,864 — % Property and casualty insurance 61,060 7,041 — 54,019 — % Total premiums $ 67,001 $ 7,118 $ — $ 59,883 — % For the year ended December 31, 2018 Life insurance in force $ 203,209 $ 9,730 $ — $ 193,479 — % Premiums: Life insurance and accident and health insurance $ 6,100 $ 81 $ — $ 6,019 — % Property and casualty insurance 61,213 6,376 — 54,837 — % Total premiums $ 67,313 $ 6,457 $ — $ 60,856 — %

Schedule V. Valuation and Quali

Schedule V. Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule V. Valuation and Qualifying Accounts	Schedule V. Valuation and Qualifying Accounts The National Security Group, Inc. Years ended December 31, 2019 and 2018 ( $ in thousands ) 2019 2018 Balance, January 1 Allowance for Doubtful Accounts $ 4 $ 4 Additions 4 8 Deletions 3 8 Balance, December 31 Allowance for Doubtful Accounts $ 5 $ 4

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 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, 2019, 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.
Concentration of Risk	The Company's property and casualty subsidiaries, composing 91.2% of consolidated direct written premium, produced business during 2019 in eight states. However, 51% of property and casualty segment direct written premium is generated in the states of Alabama, Mississippi and Louisiana, subjecting the Company to significant geographic concentration. Consequently, adverse weather conditions or changes in the legal, regulatory or economic environment could adversely impact the Company. The Company's life, accident and health insurance subsidiary, composing approximately 8.8% of consolidated direct written premium, is licensed in seven states. However, over 78% of life segment direct premium is generated in the states of Alabama and Georgia. Consequently, changes in the legal, regulatory or economic environment in these states could adversely impact the Company. For the year ended December 31, 2019, one agency individually produced greater than 5% of the Company's direct written premium.
Investments	The Company's investment securities are classified as follows: • Held-to-maturity investments are fixed maturity securities for which the Company has the positive intent and ability to hold to maturity. These securities are reported at cost, adjusted for amortization of premiums and accretion of discounts which are recognized in interest income using methods which approximate level yields over the period to maturity. • Trading securities are securities acquired with the intent to sell in the near term and are carried at fair value with changes in fair value reported in earnings. • Securities available-for-sale are fixed maturity securities and equity securities not classified as either held-to-maturity or trading. These securities are reported at fair value. Substantially all of our fixed maturity and equity securities are classified as available-for-sale. Changes in fair value of trading securities are reported in the statement of operations. Changes in fair value of fixed maturity securities available-for-sale are reported as net unrealized gains or losses as a component of other comprehensive income. Changes in fair value of equity securities available-for-sale are reported as investment gains/losses in the statement of operations. Investment gains and losses on fixed maturity securities arise when the investments are sold. Investment gains and losses on the sale of fixed maturity investments available-for-sale are determined using the specific-identification method and include write downs for fixed maturity securities considered to be other-than-temporarily impaired. When a fixed maturity security has a decline in value, where fair value is below amortized cost, an other-than-temporary impairment (OTTI) is triggered in circumstances where: • the Company has the intent to sell the security • it is more-likely-than-not that the Company will be required to sell the security before recovery of its amortized cost basis • the Company does not expect to recover the entire amortized cost basis of the security If the Company intends to sell the security or if it is more-likely-than-not the Company will be required to sell the security before recovery, an OTTI is recognized as a realized loss in the statement of operations equal to the difference between the security's amortized cost and its fair value. If the Company does not intend to sell the security or it is not more-likely-than-not that the Company will be required to sell the security before recovery, the OTTI is separated into an amount representing the credit loss, which is recognized as an investment loss in the statement of operations, and the amount related to all other factors, which is recognized in other comprehensive income. Interest on fixed income securities is credited to income as it accrues on the principal amounts outstanding adjusted for amortization of premiums and accretion of discounts computed utilizing the interest method. Premiums and discounts on mortgage backed securities amortize or accrete using anticipated prepayments with changes in anticipated prepayments accounted for prospectively. The model used to determine anticipated prepayment assumptions for mortgage backed securities uses separate home sale, refinancing, curtailment and pay-off assumptions derived from a variety of industry sources. Mortgage backed security valuations are subject to prospective adjustments in yield due to changes in prepayment assumptions. The utilization of the prospective method will result in a recalculated effective yield that will equate the carrying amount of the investment to the present value of the projected future cash flows. The recalculated yield is used to accrue income on investments for subsequent periods. Mortgage loans and policy loans are stated at the unpaid principal balance of such loans, net of any related allowance for loan losses. Investment real estate is reported at cost, less allowances for depreciation computed on the straight-line basis. Investment real estate consists primarily of undeveloped commercial real estate. Other investments consist primarily of investments in notes and equity investments in limited liability companies. The Company has no influence or control over the operating or financial policies of the limited liability companies, and consequently, these investments are accounted for using the cost method. The Company owns life insurance (COLI) contracts on certain management and supervisory employees each having a face amount of approximately $2,000,000 (including cash surrender value at the time of payment). The Company's original investment in currently inforce company owned life insurance is $4,082,000 . The primary purpose of the program is to offset future employee benefit expenses through earnings on the cash value of the policies. The Company is the owner and principal beneficiary of these policies. The life insurance contracts are carried at their current cash surrender value. Cash surrender value at December 31, 2019 and December 31, 2018 was $4,655,000 and $4,600,000 , respectively. Changes in cash surrender values are included in the statement of operations. The change in surrender value included in the statement of operations for the years ended December 31, 2019 and 2018 was an increase of $295,000 and an decrease of $374,000 , respectively. Proceeds from the COLI contracts are recorded when the benefits become payable under the terms of the policy and proceeds in excess of cash surrender value are recognized as a gain on company owned life insurance. Cash and cash equivalents consist of demand deposit and money market accounts and investments with maturities of three months or less when purchased. Cash and cash equivalents are carried at cost, which approximates fair value. Investments with other-than-temporary impairment in value are written down to estimated realizable values and losses recognized as a component of investments gains and losses in the Consolidated Statements of Operations. The fair value of the investment becomes its new cost basis.
Fair Values of Financial Instruments	The Company uses the following methods and assumptions to estimate fair values: Investments • Fixed income security fair values are based on quoted market prices when available. If not available, fair values are based on values obtained from investment brokers and independent pricing services. • Equity security fair values are based on quoted market prices. • Multiple observable inputs are not available for some of our investments, primarily private placements and limited partnerships. Management values these investments either using non-binding broker quotes or pricing models that utilize market based assumptions that have limited observable inputs. These investments compose less than 1% of total assets. Receivables and reinsurance recoverable - The carrying amounts reported approximate fair value. Interest rate swaps - The estimated fair value of the interest rate swaps is based on valuations received from financial institution counterparties. Trust preferred securities obligations and line of credit obligations - The carrying amounts reported for these instruments are equal to the principal balance outstanding and approximate 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. 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.
Policy Receivables	Receivable balances are reported at unpaid balances, less a provision for credit losses.
Accounts Receivable	Accounts receivable are reported at net realizable value. Management determines the allowance for doubtful accounts based on historical losses and current economic conditions. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined to be uncollectible, they are written off through a charge against an existing allowance account or against earnings.
Property and Equipment	Property and equipment is carried at cost less accumulated depreciation and includes expenditures that substantially increase the useful lives of existing property and equipment. Significant costs incurred for internally developed software are capitalized and amortized over estimated useful lives of 3 years . Maintenance, repairs, and minor renovations are charged to expense as incurred. Upon sale or retirement of property and equipment, the costs and related accumulated depreciation are eliminated from the respective account and the resulting gain or loss is included in the statement of operations. The Company provides for depreciation of property and equipment using the straight-line method designed to amortize costs over estimated useful lives. Estimated useful lives range up to 40 years for buildings and from 3- 10 years for equipment, furniture and fixtures. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
Leases	The Company leases automobiles and some office equipment. The Company accounts for leases existing prior to January 1, 2019 under their original classification and omits any new costs classified as initial direct costs. The Company classified all leases as operating leases and accounts for separate lease and nonlease components as a single lease component. Leases are not considered material and the Company recognizes a right of use (ROU) asset which is included in other assets and a corresponding lease liability in other liabilities. The ROU asset recognized by the Company at December 31, 2019 was $389,000 and the corresponding lease liability was $427,000 .
Statement of Cash Flows	For purposes of reporting cash flows, cash includes cash-on-hand, demand deposits with banks and overnight investments consisting primarily of repurchase agreements.
Premium Revenue	Life insurance premiums are recognized as revenues when due. Property and casualty insurance premiums include direct writings plus reinsurance assumed less reinsurance ceded and are recognized on a pro-rata basis over the terms of the policies. Unearned premiums represent that portion of direct premiums written that are applicable to the unexpired terms of policy contracts in force and is reported as a liability. Prepaid reinsurance premiums represent the unexpired portion of premiums ceded to reinsurers and are reported as an asset.
Deferred Policy Acquisition Costs	The costs of acquiring new insurance business are deferred and amortized over the lives of the policies. Deferred costs include commissions, premium taxes, other agency compensation and expenses, and other underwriting expenses directly related to the level of new business produced. Acquisition costs relating to life contracts are amortized over the premium paying period of the contracts, or the first renewal period of term policies, if earlier. Assumptions utilized in amortization are consistent with those utilized in computing policy liabilities. The method of computing the deferred policy acquisition costs for property and casualty policies limits the amount deferred to a percentage of related unearned premiums.
Policy Liabilities	The liability for future life insurance policy benefits is computed using a net level premium method including the following assumptions: Years of Issue Interest Rate 1947 - 1968 4% 1969 - 1978 6% graded to 5% 1979 - 2003 7% graded to 6% 2004 - 2012 5.25% 2013 - 2014 4.25% 2015 - 2019 4% Mortality assumptions include various percentages of the 1955-60 and 1965-70 Select and Ultimate Basic Male Mortality Table. Withdrawal assumptions are based on the Company's experience.
Policyholder Benefit and Claim Settlement Expenses	The liability for unpaid claims represents the estimated liability for unpaid loss and loss adjustment expenses incurred but not yet reported under insurance contracts for loss events that have occurred on or before the balance sheet date. The liability for claims and related adjustment expenses are determined using case-basis evaluations and statistical analysis and represent estimates of the ultimate net cost of all losses incurred through December 31 of each year. Liability estimates are continually reviewed and adjusted as necessary; such adjustments are included in the period in which they are determined. Liability estimates are based on reports of losses from policyholders, individual case loss estimates, and estimates of losses incurred but not yet reported. Policyholder benefit and settlement expenses in the consolidated statement of operations include paid claims, settlement cost and changes in claim liability estimates. Loss and adjustment expenses charged to earnings are net of amounts recovered and estimates of recoverable amounts under ceded reinsurance contracts.
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 2,529,652 at December 31, 2019 and 2,525,325 at December 31, 2018 . The Company did no t have any dilutive securities as of December 31, 2019 and 2018.
Reinsurance	The Company's insurance operations re-insure certain risks in order to limit losses, minimize exposure to large risks, provide additional capacity for future growth and effect business-sharing arrangements. See Note 10 for additional information regarding the Company's reinsurance practices 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. 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
Income Taxes	The Company files a consolidated United States federal income tax return that includes the holding company and its subsidiaries. The Company is currently subject to a statutory rate of 21%. Tax related interest and penalties are reported as components of income tax expense. The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes arise from the recognition of temporary differences between financial statement carrying amounts and the tax basis of the Company's assets and liabilities and capital or operating loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided when it is more-likely-than-not that some portion of the deferred tax asset will not be realized. The effect of a change in tax rates is recognized in the period the new rate is enacted. Changes in deferred tax assets and liabilities are included as a component of income tax expense, with the exception of changes impacting other comprehensive income. Changes in deferred tax assets and liabilities associated with components of other comprehensive income are charged or credited to other comprehensive income. The Company evaluates all tax positions taken on its U.S. federal income tax return. No material uncertainties exist for any tax positions taken by the Company.
Contingencies	Liabilities for loss contingencies arising from, but not limited to, litigation, claims, assessments, fines and penalties are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Significant attorney fees are estimated and recorded when incurred.
Reclassifications	Certain 2018 amounts have been reclassified from the prior year consolidated financial statements to conform to the 2019 presentation.
Advertising	The Company expenses advertising costs as incurred.
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 December 31, 2019 , the net amount exceeding FDIC insured limits was $ 6,766,000 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 December 31, 2019 , the single largest balance due from one agent totaled $349,000 . 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 December 31, 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 December 31, 2019 , management does not believe the Company is exposed to any significant credit risk related to its reinsurance program.
Treasury Shares	Treasury shares are reported at cost and are reflected on the Consolidated Balance Sheets as a reduction of total equity.
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, 2023 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, 2022, 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 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 passive interests in limited partnerships that are considered to be Variable Interest Entities (VIE) under the provisions of ASC 810 Consolidation . The Company is not the primary beneficiary of the entities and is not required to consolidate under ASC 810. The entities are private placement investment funds formed for the purpose of investing in private equity investments. The Company owns less than 1% of the limited partnerships. The carrying value of the investments totals $317,000 and is included as a component of Other Invested Assets in the accompanying consolidated balance sheets.
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.
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.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Liability for Future Policy Benefits	The liability for future life insurance policy benefits is computed using a net level premium method including the following assumptions: Years of Issue Interest Rate 1947 - 1968 4% 1969 - 1978 6% graded to 5% 1979 - 2003 7% graded to 6% 2004 - 2012 5.25% 2013 - 2014 4.25% 2015 - 2019 4%

STATUTORY ACCOUNTING PRACTICES

STATUTORY ACCOUNTING PRACTICES (Tables)	12 Months Ended
	Dec. 31, 2019
Statutory Accounting Practices [Abstract]
Statutory Accounting Practices Disclosure	Statutory net income (loss) and capital and surplus, excluding intercompany transactions, are summarized as follows: ($ in thousands) 2019 2018 NSIC - including realized capital gains of $272 and $71, respectively $ 1,378 $ 1,558 NSFC - including realized capital gains (losses) of $(10) and $39, respectively $ 2,644 $ 786 Omega - including realized capital gains (losses) of $(21) and $7, respectively $ 593 $ (64 ) Statutory risk-based adjusted capital: NSIC - including AVR of $968 and $766, respectively $ 17,210 $ 16,043 NSFC - including investment in Omega of $7,930 and $7,280, respectively $ 36,264 $ 34,645 Omega $ 11,430 $ 10,783

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2018 are as follows: ($ 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 available-for-sale securities as of December 31, 2019 are as follows: ($ in thousands) Available-for-sale securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government corporations and agencies $ 4,131 $ 150 $ — $ 4,281 Agency mortgage backed securities 32,283 861 157 32,987 Asset backed securities 10,307 71 104 10,274 Private label mortgage backed securities 6,815 441 4 7,252 Corporate bonds 36,074 1,816 70 37,820 States, municipalities and political subdivisions 6,669 109 1 6,777 Foreign governments 823 46 — 869 Total Fixed Maturities 97,102 3,494 336 100,260 Equity securities 2,127 3,176 — 5,303 Total $ 99,229 $ 6,670 $ 336 $ 105,563
Schedule of Held-to-Maturity Securities	The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2019 are as follows: ($ in thousands) Held-to-maturity securities: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Agency mortgage backed securities $ 1,290 $ 55 $ — $ 1,345 Total $ 1,290 $ 55 $ — $ 1,345 The amortized cost and aggregate fair values of investments in held-to-maturity securities as of December 31, 2018 are as follows: ($ 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 December 31, 2019 , by contractual maturity, are presented in the following table. 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. ($ in thousands) Amortized Cost Fair Value Available-for-sale securities: Due in one year or less $ 2,136 $ 2,133 Due after one year through five years 17,397 17,945 Due after five years through ten years 25,683 26,516 Due after ten years 51,886 53,666 Total $ 97,102 $ 100,260 Held-to-maturity securities: Due after one year through five years $ 29 $ 30 Due after five years through ten years 4 5 Due after ten years 1,257 1,310 Total $ 1,290 $ 1,345
Schedule of Securities with Unrealized Losses	A summary of securities available-for-sale with unrealized losses as of December 31, 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: ($ in thousands) Less than 12 months 12 months or longer Total December 31, 2019 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 $ 5,663 $ 104 $ 1,751 $ 53 $ 7,414 $ 157 18 Asset backed securities 4,241 33 1,579 71 5,820 104 9 Private label mortgage backed securities 1,060 4 — — 1,060 4 1 Corporate bonds 6,363 54 1,484 16 7,847 70 14 States, municipalities and political subdivisions 512 1 — — 512 1 1 $ 17,839 $ 196 $ 4,814 $ 140 $ 22,653 $ 336 43 There were no securities held-to-maturity with unrealized losses as of December 31, 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: ($ 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: ($ 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 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: ($ in thousands) Year ended 2019 2018 Fixed maturities $ 3,752 $ 3,803 Equity securities 86 106 Mortgage loans on real estate 8 7 Investment real estate 4 3 Policy loans 142 142 Other 30 25 4,022 4,086 Less: Investment expenses 146 145 Net investment income $ 3,876 $ 3,941
Schedule of Realized Investments Gains (Losses)	Major categories of investment gains and losses are summarized as follows: ($ in thousands) Year ended 2019 2018 Realized gains on fixed maturities $ 18 $ 128 Realized gains on equity securities 233 — Gains on trading securities 5 — Change in fair value of equity securities 712 (203 ) Change in surrender value of company owned life insurance 295 (374 ) Realized gain on company owned life insurance 1,792 — Other gains (losses), principally real estate — (87 ) Other-than-temporary impairments — (16 ) Net investment gains (losses) $ 3,055 $ (552 )
Schedule of Net Change in Unrealized Appreciation	An analysis of the net change in unrealized gains (losses) on available-for-sale securities follows: ($ in thousands) December 31, December 31, 2018 Fixed maturities $ 4,910 $ (3,042 ) Deferred income tax (1,031 ) 638 Change in net unrealized gains (losses) on available-for-sale securities $ 3,879 $ (2,404 )

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 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, 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 $ 4,281 $ 4,281 $ — $ — Agency mortgage backed securities 32,987 19,330 13,657 — Asset backed securities 10,274 2,601 7,673 — Corporate bonds 37,820 — 37,820 — Private label asset backed securities 7,252 1,060 6,192 — States, municipalities and political subdivisions 6,777 — 6,777 — Foreign governments 869 869 — — Trading securities 149 149 — — Equity securities 5,303 3,988 — 1,315 Total Financial Assets $ 105,712 $ 32,278 $ 72,119 $ 1,315 Financial Liabilities Interest rate swap $ (65 ) $ — $ — $ (65 ) Total Financial Liabilities $ (65 ) $ — $ — $ (65 ) 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 10,660 2,939 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 $ 99,538 $ 22,934 $ 75,479 $ 1,125 Financial Liabilities Interest rate swap $ (234 ) $ — $ — $ (234 ) Total Financial Liabilities $ (234 ) $ — $ — $ (234 )
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 year ended December 31, 2019 : ($ in thousands) For the year December 31, 2019 Equity Securities Interest Rate Swap Beginning balance $ 1,125 $ (234 ) Total gains or losses (realized and unrealized): Included in earnings 645 — Included in other comprehensive income — 169 Purchases: — — Sales: (455 ) — Issuances: — — Settlements: — — Transfers in/(out) of Level 3 — — Ending balance $ 1,315 $ (65 ) 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, 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 December 31, 2019 and December 31, 2018 are as follows: ($ in thousands) December 31, 2019 December 31, 2018 Assets and related instruments Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Held-to-maturity securities $ 1,290 $ 1,345 $ 1,449 $ 1,443 Mortgage loans 147 147 156 156 Policy loans 1,895 1,895 1,854 1,854 Company owned life insurance 4,655 4,655 4,600 4,600 Other invested assets 2,280 2,280 2,148 2,148 Liabilities and related instruments Other policyholder funds 1,350 1,350 1,515 1,515 Short-term notes payable and current portion of long-term debt 500 500 2,200 2,200 Long-term debt 13,664 13,664 12,152 12,152

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Major categories of property and equipment are summarized as follows: ($ in thousands) December 31, 2019 December 31, 2018 Building and improvements $ 3,472 $ 3,378 Electronic data processing equipment 1,470 1,504 Furniture and fixtures 483 477 5,425 5,359 Less accumulated depreciation 3,795 3,710 Property and equipment, net $ 1,630 $ 1,649

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 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: ($ in thousands) As of December 31, As of December 31, General expenses $ 1,269 $ 1,067 Unearned premiums 1,288 1,265 Claims liabilities 645 552 Impairment on real estate owned 119 119 Unrealized losses on securities available-for-sale — 368 Unrealized loss on interest rate swaps 14 49 Deferred tax assets 3,335 3,420 Trading securities (1 ) — Depreciation (93 ) (79 ) Deferred policy acquisition costs (1,610 ) (1,645 ) Pre-1984 policyholder surplus account (397 ) (463 ) Unrealized gains on securities available-for-sale (667 ) — Unrealized gains on equity securities (663 ) (517 ) Deferred tax liabilities (3,431 ) (2,704 ) Net deferred tax asset (liability) $ (96 ) $ 716
Changes in Temporary Differences in Federal Income Tax	The appropriate income tax effects of changes in temporary differences are as follows: ($ in thousands) Year ended 2019 2018 Deferred policy acquisition costs $ (35 ) $ (61 ) Other-than-temporary impairments — (3 ) Trading securities 1 — Unearned premiums (23 ) 4 General expenses (202 ) 2 Depreciation 14 (9 ) Claims liabilities (93 ) (68 ) AMT credit — 1,575 Impact of repeal of special provision on pre-1984 policyholder surplus (66 ) (66 ) Unrealized gains (losses) on equity securities 149 (43 ) Deferred income tax expense (benefit) $ (255 ) $ 1,331
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: Year ended 2019 2018 Federal income tax rate applied to pre-tax income/loss 21.0 % 21.0 % Dividends received deduction and tax-exempt interest (0.3 )% (2.4 )% Company owned life insurance (9.6 )% 7.4 % Other, net 0.1 % 0.9 % Effective federal income tax rate 11.2 % 26.9 %

NOTES PAYABLE AND LONG-TERM D_2

NOTES PAYABLE AND LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2019 and December 31, 2018 : ($ in thousands) December 31, 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. $ 500 $ 2,200 $ 500 $ 2,200
Schedule of Long-term Debt Instruments	Long-term debt consisted of the following as of December 31, 2019 and December 31, 2018 : ($ in thousands) December 31, December 31, 2019 2018 Promissory note with variable interest rate equal to the WSJ prime rate plus 0.5%; maturity November 2023. Annual installment payments beginning November 2020. Unsecured. $ 1,500 $ — Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $150,000 in debt issuance cost ($159,000 in 2018); maturity December 15, 2035. Interest payable quarterly. Redeemable prior to maturity. Unsecured. 9,129 9,120 Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $58,000 in debt issuance cost ($61,000 in 2018); maturity June 15, 2037. Interest payable quarterly. Redeemable prior to maturity. Unsecured. 3,035 3,032 $ 13,664 $ 12,152
Schedule of Maturities of Long-term Debt	Annual maturities of all outstanding debt for the next five years and beyond are as follows: ($ in thousands) 2020 2021 2022 2023 2024 Thereafter $ 500 $ 500 $ 500 $ 500 $ — $ 12,164

POLICY AND CLAIM RESERVES (Tabl

POLICY AND CLAIM RESERVES (Tables)	12 Months Ended
	Dec. 31, 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: ($ in thousands) Year 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 35,312 36,457 Estimated claims and claim adjustment expenses for claims arising in prior years (1,333 ) (722 ) Total increases 33,979 35,735 Claims and claim adjustment expense payments for claims arising in: Current year 30,179 31,833 Prior years 3,674 3,826 Total payments 33,853 35,659 Net balance at end of period 6,950 6,824 Plus reinsurance recoverable on unpaid losses 249 1,384 Claims and claim adjustment expense reserves at end of period $ 7,199 $ 8,208
Short-duration Insurance Contracts, Claims Development	Cumulative incurred and paid claims over the last three years, along with annual percentage payouts related to accident and health claims, is as follows: For the Years Ended December 31, 2017 1 2018 1 2019 Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance ($ in thousands) Years IBNR Reserves Dec. 31, 2019 Cumulative Number of Reported Claims 2017 $ 1,008 $ 964 $ 917 $ — 1,612 2018 1,037 1,120 — 1,469 2019 935 417 1,174 1 Required supplementary information (unaudited) Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance ($ in thousands) Years 2017 1 2018 1 2019 2017 $ 725 $ 881 $ 916 2018 747 991 2019 614 1 Required supplementary information (unaudited) Average Annual Percentage Payout of Incurred Claims by Age Required supplementary information (unaudited) Years 1 2 3 70.5% 21.8% 7.6% For the Years Ended December 31, 2010 1 2011 1 2012 1 2013 1 2014 1 2015 1 2016 1 2017 1 2018 1 2019 Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance ($ in thousands) Years IBNR Reserves Dec. 31, 2019 Cumulative Number of Reported Claims 2010 $ 30,610 $ 29,918 $ 29,805 $ 29,718 $ 29,687 $ 29,672 $ 29,641 $ 29,660 $ 29,659 $ 29,654 $ — 5,891 2011 — 35,203 33,957 34,233 34,711 34,806 34,650 34,658 34,663 34,751 50 8,132 2012 — — 29,959 30,190 30,402 30,091 29,948 29,885 29,827 29,834 5 5,203 2013 — — — 27,436 27,147 27,076 27,023 27,191 27,236 27,022 7 5,213 2014 — — — — 25,929 26,422 26,290 26,225 26,130 26,096 — 4,752 2015 — — — — — 31,484 30,861 30,360 30,890 30,960 363 5,852 2016 — — — — — — 36,287 35,343 35,399 35,144 — 5,189 2017 — — — — — — — 40,210 38,958 38,642 99 5,328 2018 — — — — — — — — 37,079 36,195 438 4,788 2019 — — — — — — — — — 35,929 2,827 4,616 Total $ 324,227 1 Required supplementary information (unaudited) Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance Unaudited ($ in thousands) Years 2010 1 2011 1 2012 1 2013 1 2014 1 2015 1 2016 1 2017 1 2018 1 2019 2010 $ 26,064 $ 29,201 $ 29,404 $ 29,507 $ 29,639 $ 29,640 $ 29,640 $ 29,660 $ 29,659 $ 29,654 2011 — 31,488 33,080 33,484 34,167 34,622 34,621 34,641 34,647 34,650 2012 — — 26,162 29,135 29,614 29,765 29,834 29,835 29,823 29,824 2013 — — — 24,157 26,114 26,487 26,661 26,788 26,976 27,011 2014 — — — — 22,844 25,461 25,800 26,033 26,095 26,094 2015 — — — — — 25,923 30,066 30,190 30,296 30,366 2016 — — — — — — 31,893 34,722 35,029 35,139 2017 — — — — — — — 35,209 38,245 38,499 2018 — — — — — — — — 32,456 35,543 2019 — — — — — — — — — 30,796 Total $ 317,576 All outstanding liabilities before 2008, net of reinsurance 290 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 6,941 1 Required supplementary information (unaudited)
Short-duration Insurance Contracts, Schedule of Historical Claims Duration	Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Required Supplementary Information - Unaudited) Years 1 2 3 4 5 6 7 8 9 10 88.4 % 9.2 % 0.9 % 0.6 % 0.3 % 0.4 % 0.1 % — % — % 0.1 %
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability	Reconciliation of the Disclosure of Incurred and Paid Claims Development to the Liability for Unpaid Claims and Claim Adjustment Expenses ($ in thousands) December 31, 2019 December 31, 2018 Net outstanding liabilities Homeowners' insurance $ 2,651 $ 2,418 Dwelling fire insurance 2,623 2,602 Other Liability insurance 1,667 1,804 Other short-duration insurance lines 9 — Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance 6,950 6,824 Reinsurance recoverable on unpaid claims Homeowners' insurance 203 537 Dwelling fire insurance 46 847 Other Liability insurance — — Other short-duration insurance lines — — Total reinsurance recoverable on unpaid claims 249 1,384 Insurance lines other than short-duration — — Unallocated claims adjustment expenses — — Other — — — — Total gross liability for unpaid claims and claim adjustment expense $ 7,199 $ 8,208

REINSURANCE (Tables)

REINSURANCE (Tables)	12 Months Ended
	Dec. 31, 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)	12 Months Ended
	Dec. 31, 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 December 31, 2019 and December 31, 2018 : December 31, 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 2,531,116 3,000,000 2,527,136 2,527,136

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in AOCI balances: ($ in thousands) Year ended 2019 2018 Unrealized Gains (Losses) on Cash Flow Hedges Balance at beginning of period $ (185 ) $ (480 ) Other comprehensive income for period: Other comprehensive gain before reclassifications 134 295 Net current period other comprehensive income 134 295 Balance at end of period $ (51 ) $ (185 ) Unrealized Gains (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 3,865 (2,304 ) Reclassification adjustment - gains on equity securities — (2,107 ) Amounts reclassified from accumulated other comprehensive income (loss) 14 (100 ) Net current period other comprehensive income (loss) 3,879 (4,511 ) Balance at end of period $ 2,494 $ (1,385 ) Total Accumulated Other Comprehensive Income (Loss) at end of period $ 2,443 $ (1,570 )
Reclassification out of Accumulated Other Comprehensive Income	The following table presents the amounts reclassified out of AOCI for the year ended December 31, 2019 : ($ 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 $ 18 Net investment gains 18 Total before tax (4 ) Tax expense $ 14 Net of Tax The following table presents the amounts reclassified out of AOCI for the year ended December 31, 2018 : ($ 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 $ 127 Net investment gains 127 Total before tax (27 ) Tax expense $ 100 Net of Tax

SEGMENTS (Tables)

SEGMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Schedule of Segment Reporting Information, by Segment	Total assets by industry segment at December 31, 2019 and December 31, 2018 are summarized below: ($ in thousands) Assets by industry segment Total P&C Insurance Operations Life Insurance Operations Non-Insurance Operations December 31, 2019 $ 153,934 $ 83,917 $ 65,605 $ 4,412 December 31, 2018 $ 144,231 $ 80,994 $ 59,479 $ 3,758 Net income by business segment for the years ended December 31, 2019 and 2018 is summarized below: ($ in thousands) Year ended December 31, 2019 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter- company Eliminations Total REVENUE Net premiums earned $ 54,019 $ 5,864 $ — $ — $ 59,883 Net investment income 1,683 2,677 56 (540 ) 3,876 Investment gains 2,178 861 16 — 3,055 Other income 575 853 1,019 (1,862 ) 585 58,455 10,255 1,091 (2,402 ) 67,399 BENEFITS AND EXPENSES Policyholder benefits paid 33,979 5,027 — (408 ) 38,598 Amortization of deferred policy acquisition costs 2,723 736 — — 3,459 Commissions 7,148 281 — — 7,429 General and administrative expenses 8,616 1,948 1,128 (1,994 ) 9,698 Taxes, licenses and fees 2,185 285 — — 2,470 Interest expense — 43 1,122 — 1,165 54,651 8,320 2,250 (2,402 ) 62,819 Income (Loss) Before Income Taxes 3,804 1,935 (1,159 ) — 4,580 INCOME TAX EXPENSE (BENEFIT) 359 397 (243 ) — 513 Net Income (Loss) $ 3,445 $ 1,538 $ (916 ) $ — $ 4,067 ($ in thousands) Year ended December 31, 2018 P&C Insurance Operations Life Insurance Operations Non-Insurance Operations Inter-company Eliminations Total REVENUE Net premiums earned $ 54,837 $ 6,019 $ — $ — $ 60,856 Net investment income 1,704 2,722 55 (540 ) 3,941 Investment gains (losses) (474 ) (78 ) — — (552 ) Other income 609 1,078 1,006 (2,081 ) 612 56,676 9,741 1,061 (2,621 ) 64,857 BENEFITS AND EXPENSES Policyholder benefits paid 35,735 5,242 — (568 ) 40,409 Amortization of deferred policy acquisition costs 2,759 838 — — 3,597 Commissions 7,267 288 — — 7,555 General and administrative expenses 8,472 2,111 309 (2,053 ) 8,839 Taxes, licenses and fees 1,937 220 — — 2,157 Interest expense — 48 1,187 — 1,235 56,170 8,747 1,496 (2,621 ) 63,792 Income (Loss) Before Income Taxes 506 994 (435 ) — 1,065 INCOME TAX EXPENSE (BENEFIT) (97 ) 232 151 — 286 Net Income (Loss) $ 603 $ 762 $ (586 ) $ — $ 779
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 years ended December 31, 2019 and 2018, respectively: ($ in thousands) Years ended 2019 2018 Life, accident and health operations premiums written: Traditional life insurance $ 4,181 $ 4,336 Accident and health insurance 1,770 1,831 Gross life, accident and health 5,951 6,167 Reinsurance premium ceded (77 ) (81 ) Net life, accident and health premiums written $ 5,874 $ 6,086 Property and Casualty operations premiums written: Dwelling fire & extended coverage $ 38,847 $ 37,598 Homeowners (Including mobile homeowners) 20,507 21,214 Other liability 2,224 2,195 Gross property and casualty 61,578 61,007 Reinsurance premium ceded (7,041 ) (6,376 ) Net property and casualty written $ 54,537 $ 54,631 Consolidated gross premiums written $ 67,529 $ 67,174 Reinsurance premium ceded (7,118 ) (6,457 ) Consolidated net premiums written $ 60,411 $ 60,717
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 years ended December 31, 2019 and 2018, respectively: ($ in thousands) Years ended 2019 2018 Life, accident and health operations premiums earned: Traditional life insurance $ 4,165 $ 4,273 Accident and health insurance 1,776 1,827 Gross life, accident and health 5,941 6,100 Reinsurance premium ceded (77 ) (81 ) Net life, accident and health premiums earned $ 5,864 $ 6,019 Property and Casualty operations premiums earned: Dwelling fire & extended coverage $ 38,090 $ 37,232 Homeowners (Including mobile homeowners) 20,758 21,801 Other liability 2,212 2,180 Gross property and casualty 61,060 61,213 Reinsurance premium ceded (7,041 ) (6,376 ) Net property and casualty earned $ 54,019 $ 54,837 Consolidated gross premiums earned $ 67,001 $ 67,313 Reinsurance premium ceded (7,118 ) (6,457 ) Consolidated net premiums earned $ 59,883 $ 60,856

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019
Accounting Policies [Abstract]
Weighted average number of shares outstanding	2,529,652	2,525,325
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0
Cash, uninsured amount	$ 6,766,000
Operating lease, right-of-use asset	389,000		$ 299,000
Operating lease, liability	427,000		$ 306,000
Concentration Risk [Line Items]
Policy receivables and agents' balances, net	12,028,000	$ 11,185,000
Single Largest Agent Balance Due
Concentration Risk [Line Items]
Policy receivables and agents' balances, net	$ 349,000

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Concentration of Risk) (Details)	12 Months Ended
	Dec. 31, 2019customer
Direct Written Premium
Concentration Risk [Line Items]
Number of major customers	1
Direct Written Premium | Minimum
Concentration Risk [Line Items]
Concentration risk, percentage	5.00%
P&C Insurance Operations | Geographic Concentration Risk
Concentration Risk [Line Items]
Number of states in which entity operates	8
P&C Insurance Operations | Sales Revenue, Segment | Product Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	91.20%
P&C Insurance Operations | Sales Revenue, Segment | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	51.00%
Life Insurance Operations | Geographic Concentration Risk
Concentration Risk [Line Items]
Number of states in which entity operates	7
Life Insurance Operations | Sales Revenue, Segment | Product Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	8.80%
Life Insurance Operations | Sales Revenue, Segment | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	78.00%

SIGNIFICANT ACCOUNTING POLICI_6

SIGNIFICANT ACCOUNTING POLICIES (Investments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Company owned life insurance policy face amount	$ 2,000,000
Payments to acquire life insurance policies	4,082,000
Cash surrender value of life insurance	4,655,000	$ 4,600,000
Increase (decrease) in cash surrender value of company owned life insurance	$ 295,000	$ (374,000)

SIGNIFICANT ACCOUNTING POLICI_7

SIGNIFICANT ACCOUNTING POLICIES (Fair Value) (Details)	Dec. 31, 2019
Private Equity Funds | Maximum
Schedule of Investments [Line Items]
Percent of net assets	1.00%

SIGNIFICANT ACCOUNTING POLICI_8

SIGNIFICANT ACCOUNTING POLICIES (Property and Equipment) (Details)	12 Months Ended
	Dec. 31, 2019
Software and Software Development Costs
Property, Plant and Equipment [Line Items]
Useful life	3 years
Building | Maximum
Property, Plant and Equipment [Line Items]
Useful life	40 years
Equipment, Furniture and Fixtures | Maximum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Equipment, Furniture and Fixtures | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years

SIGNIFICANT ACCOUNTING POLICI_9

SIGNIFICANT ACCOUNTING POLICIES (Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
Accounting Policies [Abstract]
Operating lease, right-of-use asset	$ 389	$ 299
Operating lease, liability	$ 427	$ 306

SIGNIFICANT ACCOUNTING POLIC_10

SIGNIFICANT ACCOUNTING POLICIES (Policy Liabilities) (Details)	Dec. 31, 2019
Years of Issue, 1947 - 1968
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	4.00%
Years of Issue, 1969 - 1978 | Minimum
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	6.00%
Years of Issue, 1969 - 1978 | Maximum
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	5.00%
Years of Issue, 1979 - 2003 | Minimum
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	7.00%
Years of Issue, 1979 - 2003 | Maximum
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	6.00%
Years of Issue, 2004 - 2012
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	5.25%
Years of Issue, 2013 - 2014
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	4.25%
Years of Issue, 2015 - 2019
Schedule of Liability for Life Insurance [Line Items]
Interest Rate	4.00%

SIGNIFICANT ACCOUNTING POLIC_11

SIGNIFICANT ACCOUNTING POLICIES (Income Taxes) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Federal income tax rate applied to pre-tax income/loss	21.00%	21.00%

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Jun. 30, 2007	Dec. 31, 2005	Dec. 31, 2019
Variable Interest Entity [Line Items]
Carrying amount of investments			$ 317
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%

STATUTORY ACCOUNTING PRACTICE_2

STATUTORY ACCOUNTING PRACTICES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statutory Accounting Practices [Line Items]
Net investment gains (losses)	$ 3,055	$ (552)
NSIC
Statutory Accounting Practices [Line Items]
Statutory Accounting Practices, Statutory Net Income Amount	1,378	1,558
Tier One Risk Based Capital	17,210	16,043
Net investment gains (losses)	272	71
Asset Valuation Reserve	968	766
NSFC
Statutory Accounting Practices [Line Items]
Statutory Accounting Practices, Statutory Net Income Amount	2,644	786
Tier One Risk Based Capital	36,264	34,645
Net investment gains (losses)	(10)	39
Investment in Omega One	7,930	7,280
Omega
Statutory Accounting Practices [Line Items]
Statutory Accounting Practices, Statutory Net Income Amount	593	(64)
Tier One Risk Based Capital	11,430	10,783
Net investment gains (losses)	$ (21)	$ 7

INVESTMENTS (Narrative) (Detail

INVESTMENTS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 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	60,000	145,000
Second largest loss position	23,000	99,000
Third largest loss position	$ 20,000	$ 94,000
Maximum
Gain (Loss) on Securities [Line Items]
Percent of investment portfolio below investment grade	5.00%

INVESTMENTS (Available-for-Sale

INVESTMENTS (Available-for-Sale Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	$ 97,102	$ 96,877
Fixed maturities, Gross Unrealized Gains	3,494	817
Fixed maturities, Gross Unrealized Losses	336	2,569
Fixed maturities, Fair Value	100,260	95,125
Equity securities, Amortized Cost	2,127	1,842
Equity securities, Gross Unrealized Gains	3,176	2,464
Equity securities, Gross Unrealized Losses	0	0
Equity securities, Fair Value	5,303	4,306
Amortized Cost	99,229	98,719
Gross Unrealized Gains	6,670	3,281
Gross Unrealized Losses	336	2,569
Fair Value	105,563	99,431
U.S. Government corporations and agencies
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	4,131	4,820
Fixed maturities, Gross Unrealized Gains	150	31
Fixed maturities, Gross Unrealized Losses	0	107
Fixed maturities, Fair Value	4,281	4,744
Agency mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	32,283	27,492
Fixed maturities, Gross Unrealized Gains	861	159
Fixed maturities, Gross Unrealized Losses	157	545
Fixed maturities, Fair Value	32,987	27,106
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	10,307	10,901
Fixed maturities, Gross Unrealized Gains	71	7
Fixed maturities, Gross Unrealized Losses	104	248
Fixed maturities, Fair Value	10,274	10,660
Private label mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	6,815	5,869
Fixed maturities, Gross Unrealized Gains	441	105
Fixed maturities, Gross Unrealized Losses	4	27
Fixed maturities, Fair Value	7,252	5,947
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	36,074	36,935
Fixed maturities, Gross Unrealized Gains	1,816	407
Fixed maturities, Gross Unrealized Losses	70	1,551
Fixed maturities, Fair Value	37,820	35,791
States, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	6,669	10,059
Fixed maturities, Gross Unrealized Gains	109	105
Fixed maturities, Gross Unrealized Losses	1	91
Fixed maturities, Fair Value	6,777	10,073
Foreign governments
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost	823	801
Fixed maturities, Gross Unrealized Gains	46	3
Fixed maturities, Gross Unrealized Losses	0	0
Fixed maturities, Fair Value	$ 869	$ 804

INVESTMENTS (Held-to-Maturity S

INVESTMENTS (Held-to-Maturity Securities) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 1,290,000	$ 1,449,000
Held-to-maturity securities, unrealized gains	55,000	16,000
Held-to-maturity securities, unrealized losses	0	22,000
Fair Value	1,345,000	1,443,000
Agency mortgage backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	1,290,000	1,449,000
Held-to-maturity securities, unrealized gains	55,000	16,000
Held-to-maturity securities, unrealized losses	0	22,000
Fair Value	$ 1,345,000	$ 1,443,000

INVESTMENTS (Amortized Cost and

INVESTMENTS (Amortized Cost and Aggregate Fair Value of Debt Securities, by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments [Abstract]
Available-for-sale Securities, Due in one year or less, Amortized Cost	$ 2,136
Available-for-sale Securities, Due in one year or less, Fair Value	2,133
Available-for-sale Securities, Due after one year through five years, Amortized Cost	17,397
Available-for-sale Securities, Due after one year through five years, Fair Value	17,945
Available-for-sale Securities, Due after five years through ten years, Amortized Cost	25,683
Available-for-sale Securities, Due after five years through ten years, Fair Value	26,516
Available-for-sale Securities, Due after ten years, Amortized Cost	51,886
Available-for-sale Securities, Due after ten years, Fair Value	53,666
Fixed maturities, Amortized Cost	97,102	$ 96,877
Available-for-sale Securities, Fair Value	100,260
Held-to-maturity Securities, Due after one year through five years, Amortized Cost	29
Held-to-maturity Securities, Due after one year through five years, Fair Value	30
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	1,257
Held-to-maturity Securities, Due after ten years, Fair Value	1,310
Held-to-maturity Securities, Amortized Cost	1,290	1,449
Debt Securities, Held-to-maturity, Fair Value	$ 1,345	$ 1,443

INVESTMENTS (Schedule of Contin

INVESTMENTS (Schedule of Continuous Losses) (Details) $ in Thousands	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 17,839	$ 30,501
Less than 12 Months, Gross Unrealized Losses	196	937
12 Months or Longer, Fair Value	4,814	31,162
12 Months or Longer, Gross Unrealized Losses	140	1,632
Total Fair Value	22,653	61,663
Total Gross Unrealized Losses	$ 336	$ 2,569
Total Securities in a Loss Position	43	120
U.S. Government corporations and agencies
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value		$ 0
Less than 12 Months, Gross Unrealized Losses		0
12 Months or Longer, Fair Value		3,209
12 Months or Longer, Gross Unrealized Losses		107
Total Fair Value		3,209
Total Gross Unrealized Losses		$ 107
Total Securities in a Loss Position		6
Agency mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 5,663	$ 5,504
Less than 12 Months, Gross Unrealized Losses	104	45
12 Months or Longer, Fair Value	1,751	10,969
12 Months or Longer, Gross Unrealized Losses	53	500
Total Fair Value	7,414	16,473
Total Gross Unrealized Losses	$ 157	$ 545
Total Securities in a Loss Position	18	38
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 4,241	$ 5,824
Less than 12 Months, Gross Unrealized Losses	33	146
12 Months or Longer, Fair Value	1,579	2,741
12 Months or Longer, Gross Unrealized Losses	71	102
Total Fair Value	5,820	8,565
Total Gross Unrealized Losses	$ 104	$ 248
Total Securities in a Loss Position	9	12
Private label mortgage backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 1,060	$ 1,348
Less than 12 Months, Gross Unrealized Losses	4	27
12 Months or Longer, Fair Value	0	0
12 Months or Longer, Gross Unrealized Losses	0	0
Total Fair Value	1,060	1,348
Total Gross Unrealized Losses	$ 4	$ 27
Total Securities in a Loss Position	1	2
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 6,363	$ 16,583
Less than 12 Months, Gross Unrealized Losses	54	709
12 Months or Longer, Fair Value	1,484	9,823
12 Months or Longer, Gross Unrealized Losses	16	842
Total Fair Value	7,847	26,406
Total Gross Unrealized Losses	$ 70	$ 1,551
Total Securities in a Loss Position	14	51
States, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 512	$ 1,242
Less than 12 Months, Gross Unrealized Losses	1	10
12 Months or Longer, Fair Value	0	4,420
12 Months or Longer, Gross Unrealized Losses	0	81
Total Fair Value	512	5,662
Total Gross Unrealized Losses	$ 1	$ 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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	$ 4,022	$ 4,086
Less: Investment expenses	146	145
Net investment income	3,876	3,941
Fixed maturities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	3,752	3,803
Equity securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	86	106
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	8	7
Investment real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	4	3
Policy loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	142	142
Other
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Gross investment income	$ 30	$ 25

INVESTMENTS (Major Categories_2

INVESTMENTS (Major Categories of Investment Gains and Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	$ 3,055	$ (552)
Other-than-temporary impairments	0	(16)
Gains on trading securities	5	0
Realized gains on fixed maturities
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	18	128
Equity securities
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	233	0
Change in fair value of equity securities
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	712	(203)
Change in surrender value of company owned life insurance
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	295	(374)
Realized gain on company owned life insurance
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	1,792	0
Other gains (losses), principally real estate
Gain (Loss) on Securities [Line Items]
Net investment gains (losses)	$ 0	$ (87)

INVESTMENTS (Schedule of Unreal

INVESTMENTS (Schedule of Unrealized Appreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investments [Abstract]
Fixed maturities	$ 4,910	$ (3,042)
Deferred income tax	(1,031)	638
Change in net unrealized gains (losses) on available-for-sale securities	$ 3,879	$ (2,404)

FAIR VALUE OF FINANCIAL ASSET_3

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurements of assets	$ 1,315,000
Fair value measurements of liabilities	(65,000)
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	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	$ 100,260	$ 95,125
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	149	107
Total Financial Assets	105,712	99,538
Total Financial Liabilities	(65)	(234)
Recurring Basis | Financial Liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Financial Liabilities	(65)	(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	4,281	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	32,987	27,106
Recurring Basis | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	10,274	10,660
Recurring Basis | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	37,820	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	7,252	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	6,777	10,073
Recurring Basis | Foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	869	804
Recurring Basis | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	5,303	4,306
Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	149	107
Total Financial Assets	32,278	22,934
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	4,281	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	19,330	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	2,601	2,939
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	1,060	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	869	804
Recurring Basis | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, Fair Value	3,988	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	72,119	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	13,657	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	7,673	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	37,820	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	6,192	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	6,777	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	1,315	1,125
Total Financial Liabilities	(65)	(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	(65)	(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	$ 1,315	$ 1,125

FAIR VALUE OF FINANCIAL ASSET_5

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Level 3 Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Equity Securities
Ending balance	$ 1,315
Interest Rate Swap
Ending balance	(65)
Recurring Basis | Interest rate swap
Interest Rate Swap
Beginning balance	(234)	$ (608)
Included in earnings	0	0
Included in other comprehensive income	169	374
Purchases:	0	0
Sales:	0	0
Issuances:	0	0
Settlements:	0	0
Transfers in/(out) of Level 3	0	0
Ending balance	(65)	(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	645	52
Included in other comprehensive income	0	0
Purchases:	0	0
Sales:	(455)	0
Issuances:	0	0
Settlements:	0	0
Transfers in/(out) of Level 3	0	0
Ending balance	1,315	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	Dec. 31, 2019	Dec. 31, 2018
Other policyholder funds
Liabilities and Related Instruments [Abstract]
Carrying Value, Liabilities	$ 1,350	$ 1,515
Estimated Fair Value, Liabilities	1,350	1,515
Short-term notes payable and current portion of long-term debt
Liabilities and Related Instruments [Abstract]
Carrying Value, Liabilities	500	2,200
Estimated Fair Value, Liabilities	500	2,200
Long-term debt
Liabilities and Related Instruments [Abstract]
Carrying Value, Liabilities	13,664	12,152
Estimated Fair Value, Liabilities	13,664	12,152
Held-to-maturity securities
Assets and Related Instruments [Abstract]
Carrying Value, Assets	1,290	1,449
Estimated Fair Value, Assets	1,345	1,443
Mortgage loans on real estate
Assets and Related Instruments [Abstract]
Carrying Value, Assets	147	156
Estimated Fair Value, Assets	147	156
Policy loans
Assets and Related Instruments [Abstract]
Carrying Value, Assets	1,895	1,854
Estimated Fair Value, Assets	1,895	1,854
Company owned life insurance
Assets and Related Instruments [Abstract]
Carrying Value, Assets	4,655	4,600
Estimated Fair Value, Assets	4,655	4,600
Other invested assets
Assets and Related Instruments [Abstract]
Carrying Value, Assets	2,280	2,148
Estimated Fair Value, Assets	$ 2,280	$ 2,148

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,425	$ 5,359
Less accumulated depreciation	3,795	3,710
Property and equipment, net	1,630	1,649
Depreciation expense	124	161
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,472	3,378
Electronic data processing equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,470	1,504
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 483	$ 477

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
AMT Credit		$ 1,622
Recoveries		1,074
Anticipated recoveries in next fiscal year	$ 548
Deferred income tax liability	(96)	0
Net deferred tax asset	$ 0	$ 716

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
General expenses	$ 1,269	$ 1,067
Unearned premiums	1,288	1,265
Claims liabilities	645	552
Impairment on real estate owned	119	119
Unrealized losses on securities available-for-sale	0	368
Unrealized loss on interest rate swaps	14	49
Deferred tax assets	3,335	3,420
Deferred Tax Liabilities, Unrealized Losses on Trading Securities	1	0
Depreciation	(93)	(79)
Deferred policy acquisition costs	(1,610)	(1,645)
Pre-1984 policyholder surplus account	(397)	(463)
Unrealized gains on securities available-for-sale	(667)	0
Unrealized gains on equity securities	(663)	(517)
Deferred tax liabilities	(3,431)	(2,704)
Net deferred tax asset (liability)	$ (96)	$ 716

INCOME TAXES (Schedule of Inco

INCOME TAXES (Schedule of Income Tax Effects of Changes in Temporary Differences) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Deferred policy acquisition costs	$ (35)	$ (61)
Other-than-temporary impairments	0	(3)
Trading securities	1	0
Unearned premiums	(23)	4
General expenses	(202)	2
Depreciation	14	(9)
Claims liabilities	(93)	(68)
AMT credit	0	1,575
Impact of repeal of special provision on pre-1984 policyholder surplus	(66)	(66)
Unrealized gains (losses) on equity securities	149	(43)
Deferred income tax expense (benefit)	$ (255)	$ 1,331

INCOME TAXES (Schedule of Effec

INCOME TAXES (Schedule of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 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	(0.30%)	(2.40%)
Company owned life insurance	(9.60%)	7.40%
Other, net	0.10%	0.90%
Effective federal income tax rate	11.20%	26.90%

NOTES PAYABLE AND LONG-TERM D_3

NOTES PAYABLE AND LONG-TERM DEBT (Short-Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Short-term notes payable and current portion of long-term debt	$ 500	$ 2,200
Notes Payable to Banks | Unsecured Debt
Short-term Debt [Line Items]
Short-term notes payable and current portion of long-term debt	$ 500	$ 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	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt			$ 13,664	$ 12,152
Unsecured Debt | Promissory Note
Debt Instrument [Line Items]
Long-term debt			1,500	0
Unsecured Debt | Trust Preferred Security Offering, 2005
Debt Instrument [Line Items]
Long-term debt			$ 9,129	9,120
Payment terms			Interest payments due quarterly
Debt issuance costs, net			$ 150	159
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			$ 3,035	3,032
Payment terms			Interest payments due quarterly
Debt issuance costs, net			$ 58	$ 61
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 ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2010	May 26, 2010	Dec. 31, 2009	Mar. 19, 2009
Debt Instrument [Line Items]
Derivative, notional amount				$ 9,000,000		$ 3,000,000
Derivative, fixed interest rate				8.49%		7.02%
Cash flow hedge, derivative instrument liabilities at fair value	$ 65,000	$ 234,000
Unrealized gain on interest rate swap	134,000	295,000
Securities on deposit	294,000
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			$ 65,000
Collateral Pledged [Member]
Debt Instrument [Line Items]
Available-for-sale securities pledged as collateral	$ 294,000	$ 932,000

NOTES PAYABLE AND LONG-TERM D_6

NOTES PAYABLE AND LONG-TERM DEBT (Maturity of Outstanding Debt) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 500
2021	500
2022	500
2023	500
2024	0
Thereafter	$ 12,164

POLICY AND CLAIM RESERVES (Prop

POLICY AND CLAIM RESERVES (Property and Casualty Reserve) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance, beginning of year	$ 7,199	$ 8,208
Less reinsurance recoverable on unpaid losses	276	1,772
Net losses:
Estimated claims and claim adjustment expenses for claims arising in prior years	(1,332)	(722)
Consolidated Property and Casualty Insurance Entity
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Balance, beginning of year	7,199	8,208	$ 7,075
Less reinsurance recoverable on unpaid losses	249	1,384	327
Net balances at beginning of year	6,950	6,824	$ 6,748
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	35,312	36,457
Estimated claims and claim adjustment expenses for claims arising in prior years	(1,333)	(722)
Total increases	33,979	35,735
Claims and claim adjustment expense payments for claims arising in:
Current year	30,179	31,833
Prior years	3,674	3,826
Total payments	$ 33,853	$ 35,659

POLICY AND CLAIM RESERVES (Narr

POLICY AND CLAIM RESERVES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Insurance [Abstract]
Estimated claims and claim adjustment expenses for claims arising in prior years	$ 1,332,000	$ 722,000
Reserve for unpaid claims	417,000	358,000
Policy and contract claims	$ 1,053,000	792,000
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Average annual payout of incurred claims settled within twelve months	70.50%
Homeowners, Dwelling Fire and Other Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Average annual payout of incurred claims settled within twelve months	88.40%
Average annual payout of incurred claims settled within twenty four months	97.60%
Catastrophe
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Claims and claim adjustment expense payments for claims arising in prior year	$ 24,000	$ 18,000

POLICY AND CLAIM RESERVES (Clai

POLICY AND CLAIM RESERVES (Claims) (Details) $ in Thousands	Dec. 31, 2019USD ($)claim	Dec. 31, 2018USD ($)claim	Dec. 31, 2017USD ($)claim	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Liabilities for claims and claim adjustment expenses, net of reinsurance	$ 6,950	$ 6,824
Accident Year 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	917	964	$ 1,008
IBNR Reserves			$ 0
Cumulative Number of Reported Claims | claim			1,612
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	916	881	$ 725
Accident Year 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	1,120	1,037
IBNR Reserves		$ 0
Cumulative Number of Reported Claims | claim		1,469,000
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	991	$ 747
Accident Year 2019
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	935
IBNR Reserves	$ 417
Cumulative Number of Reported Claims | claim	1,174
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 614
Homeowners, Dwelling Fire and Other Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	324,227
Homeowners, Dwelling Fire and Other Liability | Accident Year 2010
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 29,654	29,659	29,660	$ 29,641	$ 29,672	$ 29,687	$ 29,718	$ 29,805	$ 29,918	$ 30,610
IBNR Reserves		0
Cumulative Number of Reported Claims | claim	5,891,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 34,751	34,663	34,658	34,650	34,806	34,711	34,233	33,957	35,203
IBNR Reserves		50
Cumulative Number of Reported Claims | claim	8,132,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 29,834	29,827	29,885	29,948	30,091	30,402	30,190	29,959
IBNR Reserves		5
Cumulative Number of Reported Claims | claim	5,203,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 27,022	27,236	27,191	27,023	27,076	27,147	27,436
IBNR Reserves		7
Cumulative Number of Reported Claims | claim	5,213,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 26,096	26,130	26,225	26,290	26,422	25,929
IBNR Reserves		0
Cumulative Number of Reported Claims | claim	4,752,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2015
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 30,960	30,890	30,360	30,861	31,484
IBNR Reserves		363
Cumulative Number of Reported Claims | claim	5,852,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2016
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 35,144	35,399	35,343	36,287
IBNR Reserves		0
Cumulative Number of Reported Claims | claim	5,189,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 38,642	38,958	40,210
IBNR Reserves		99
Cumulative Number of Reported Claims | claim	5,328,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 36,195	37,079
IBNR Reserves		438
Cumulative Number of Reported Claims | claim	4,788,000
Homeowners, Dwelling Fire and Other Liability | Accident Year 2019
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Incurred Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 35,929
IBNR Reserves		2,827
Cumulative Number of Reported Claims | claim	4,616,000
Accident and Health Claim
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 317,576
All outstanding liabilities before 2008, net of reinsurance	290
Liabilities for claims and claim adjustment expenses, net of reinsurance	6,941
Accident and Health Claim | Accident Year 2010
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	29,654	29,659	29,660	29,640	29,640	29,639	29,507	29,404	29,201	$ 26,064
Accident and Health Claim | Accident Year 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	34,650	34,647	34,641	34,621	34,622	34,167	33,484	33,080	$ 31,488
Accident and Health Claim | Accident Year 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	29,824	29,823	29,835	29,834	29,765	29,614	29,135	$ 26,162
Accident and Health Claim | Accident Year 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	27,011	26,976	26,788	26,661	26,487	26,114	$ 24,157
Accident and Health Claim | Accident Year 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	26,094	26,095	26,033	25,800	25,461	$ 22,844
Accident and Health Claim | Accident Year 2015
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	30,366	30,296	30,190	30,066	$ 25,923
Accident and Health Claim | Accident Year 2016
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	35,139	35,029	34,722	$ 31,893
Accident and Health Claim | Accident Year 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	38,499	38,245	$ 35,209
Accident and Health Claim | Accident Year 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	35,543	$ 32,456
Accident and Health Claim | Accident Year 2019
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Cumulative Paid Claims and Allocated Claims Adjustment Expenses, Net of Reinsurance	$ 30,796

POLICY AND CLAIM RESERVES (Aver

POLICY AND CLAIM RESERVES (Average Annual Percentage Payout of Incurred Claims by Age) (Details)	Dec. 31, 2019
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 1	70.50%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 2	21.80%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 3	7.60%
Homeowners, Dwelling Fire and Other Liability
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 1	88.40%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 2	9.20%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 3	0.90%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 4	0.60%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 5	0.30%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 6	0.40%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 7	0.10%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 8	0.00%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 9	0.00%
Average Annual Percentage Payout of Incurred Claims by Age (in Years), Net of Reinsurance, year 10	0.10%

POLICY AND CLAIM RESERVES (Deve

POLICY AND CLAIM RESERVES (Development to the Liability for Unpaid Claims and Claim Adjustment Expenses) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	$ 6,950	$ 6,824
Total reinsurance recoverable on unpaid claims	249	1,384
Insurance lines other than short-duration	0	0
Unallocated claims adjustment expenses	0	0
Other	0	0
Aggregate reconciling items	0	0
Total gross liability for unpaid claims and claim adjustment expense	7,199	8,208
Homeowners' insurance
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	2,651	2,418
Total reinsurance recoverable on unpaid claims	203	537
Dwelling fire insurance
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	2,623	2,602
Total reinsurance recoverable on unpaid claims	46	847
Other Liability insurance
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	1,667	1,804
Total reinsurance recoverable on unpaid claims	0	0
Other short-duration insurance lines
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	9	0
Total reinsurance recoverable on unpaid claims	$ 0	$ 0

REINSURANCE (Details)

REINSURANCE (Details) - USD ($)	12 Months Ended
	Dec. 31, 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	276,000	$ 1,772,000
Single Reinsurer
Reinsurance Maintained by Layers [Line Items]
Reinsurance recoverable	10,000	$ 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)	12 Months Ended
	Dec. 31, 2019USD ($)hours	Dec. 31, 2018USD ($)
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	$ 181,000	$ 182,000
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	$ 573,000	$ 53,000
Executive Officers
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution, percent	15.00%

REGULATORY REQUIREMENTS AND D_2

REGULATORY REQUIREMENTS AND DIVIDEND RESTRICTIONS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Statutory Accounting Practices [Line Items]
Assets held by insurance regulators	$ 3,188,000	$ 3,031,000
Life Insurance Operations
Statutory Accounting Practices [Line Items]
Statutory amount available for dividend payments	1,624,000
P&C Insurance Operations
Statutory Accounting Practices [Line Items]
Statutory amount available for dividend payments	$ 3,626,000

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Nov. 30, 2019
Stockholders' Equity Note [Abstract]
Net income	$ 4,067,000	$ 779,000
Dividends paid	(531,000)	(505,000)
Other comprehensive income, net of tax	4,013,000	(2,109,000)
Common stock issued	53,000	$ 76,000
Treasury stock acquired	$ 7,000
Stock repurchase program, authorized amount			$ 1,000,000
Shares of common stock repurchased and placed in treasury	436

SHAREHOLDERS' EQUITY (Preferred

SHAREHOLDERS' EQUITY (Preferred and Common Stock) (Details) - $ / shares	Dec. 31, 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	2,531,116		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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (1,570)
Other comprehensive income (loss), net of tax	4,013	$ (2,109)
Ending balance	2,443	(1,570)
Unrealized Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(185)	(480)
Other comprehensive gain before reclassifications	134	295
Other comprehensive income (loss), net of tax	134	295
Ending balance	(51)	(185)
Unrealized Gains (Losses) on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,385)	3,126
Other comprehensive gain before reclassifications	3,865	(2,304)
Reclassification adjustment - gains on equity securities	0	(2,107)
Amounts reclassified from accumulated other comprehensive income (loss)	14	(100)
Other comprehensive income (loss), net of tax	3,879	(4,511)
Ending balance	$ 2,494	$ (1,385)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Amounts reclassified out of AOCI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net investment gains	$ 3,055	$ (552)
Tax expense	(513)	(286)
Net Income	4,067	779
Amounts Reclassified from Accumulated Other Comprehensive Income | Unrealized Gains (Losses) on Available-for-Sale Securities
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net investment gains	18	127
Total before tax	18	127
Tax expense	(4)	(27)
Net Income	$ 14	$ 100

SEGMENTS (Narrative) (Details)

SEGMENTS (Narrative) (Details)	12 Months Ended
	Dec. 31, 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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Assets	$ 153,934	$ 144,231
Net premiums earned	59,883	60,856
Net investment income	3,876	3,941
Investment gains (losses)	3,055	(552)
Other income	585	612
Total Revenues	67,399	64,857
Policyholder benefits paid	38,598	40,409
Amortization of deferred policy acquisition costs	3,459	3,597
Commissions	7,429	7,555
General and administrative expenses	9,698	8,839
Taxes, licenses and fees	2,470	2,157
Interest expense	1,165	1,235
Total Benefits, Losses and Expenses	62,819	63,792
Income Before Income Taxes	4,580	1,065
Total income tax expense	513	286
Net Income	4,067	779
Inter- company Eliminations
Segment Reporting Information [Line Items]
Net premiums earned	0	0
Net investment income	(540)	(540)
Investment gains (losses)	0	0
Other income	(1,862)	(2,081)
Total Revenues	(2,402)	(2,621)
Policyholder benefits paid	(408)	(568)
Amortization of deferred policy acquisition costs	0	0
Commissions	0	0
General and administrative expenses	(1,994)	(2,053)
Taxes, licenses and fees	0	0
Interest expense	0	0
Total Benefits, Losses and Expenses	(2,402)	(2,621)
Income Before Income Taxes	0	0
Total income tax expense	0	0
Net Income	0	0
P&C Insurance Operations
Segment Reporting Information [Line Items]
Assets	83,917	80,994
Net premiums earned	54,019	54,837
Net investment income	1,683	1,704
Investment gains (losses)	2,178	(474)
Other income	575	609
Total Revenues	58,455	56,676
Policyholder benefits paid	33,979	35,735
Amortization of deferred policy acquisition costs	2,723	2,759
Commissions	7,148	7,267
General and administrative expenses	8,616	8,472
Taxes, licenses and fees	2,185	1,937
Interest expense	0	0
Total Benefits, Losses and Expenses	54,651	56,170
Income Before Income Taxes	3,804	506
Total income tax expense	359	(97)
Net Income	3,445	603
Life Insurance Operations
Segment Reporting Information [Line Items]
Assets	65,605	59,479
Net premiums earned	5,864	6,019
Net investment income	2,677	2,722
Investment gains (losses)	861	(78)
Other income	853	1,078
Total Revenues	10,255	9,741
Policyholder benefits paid	5,027	5,242
Amortization of deferred policy acquisition costs	736	838
Commissions	281	288
General and administrative expenses	1,948	2,111
Taxes, licenses and fees	285	220
Interest expense	43	48
Total Benefits, Losses and Expenses	8,320	8,747
Income Before Income Taxes	1,935	994
Total income tax expense	397	232
Net Income	1,538	762
Non-Insurance Operations
Segment Reporting Information [Line Items]
Assets	4,412	3,758
Net premiums earned	0	0
Net investment income	56	55
Investment gains (losses)	16	0
Other income	1,019	1,006
Total Revenues	1,091	1,061
Policyholder benefits paid	0	0
Amortization of deferred policy acquisition costs	0	0
Commissions	0	0
General and administrative expenses	1,128	309
Taxes, licenses and fees	0	0
Interest expense	1,122	1,187
Total Benefits, Losses and Expenses	2,250	1,496
Income Before Income Taxes	(1,159)	(435)
Total income tax expense	(243)	151
Net Income	$ (916)	$ (586)

SEGMENTS (Schedule of Gross and

SEGMENTS (Schedule of Gross and Net Premiums Written) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Gross premiums written	$ 67,529	$ 67,174
Reinsurance premium ceded	(7,118)	(6,457)
Net premiums written	60,411	60,717
P&C Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums written	61,578	61,007
Reinsurance premium ceded	(7,041)	(6,376)
Net premiums written	54,537	54,631
P&C Insurance Operations | Dwelling fire & extended coverage
Segment Reporting Information [Line Items]
Gross premiums written	38,847	37,598
P&C Insurance Operations | Homeowners (Including mobile homeowners)
Segment Reporting Information [Line Items]
Gross premiums written	20,507	21,214
P&C Insurance Operations | Other liability
Segment Reporting Information [Line Items]
Gross premiums written	2,224	2,195
Life Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums written	5,951	6,167
Reinsurance premium ceded	(77)	(81)
Net premiums written	5,874	6,086
Life Insurance Operations | Traditional life insurance
Segment Reporting Information [Line Items]
Gross premiums written	4,181	4,336
Life Insurance Operations | Accident and health insurance
Segment Reporting Information [Line Items]
Gross premiums written	$ 1,770	$ 1,831

SEGMENTS (Schedule of Gross a_2

SEGMENTS (Schedule of Gross and Net Premiums Earned) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Gross premiums earned	$ 67,001	$ 67,313
Reinsurance premium ceded	(7,118)	(6,457)
Net premiums earned	59,883	60,856
Life Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums earned	5,941	6,100
Reinsurance premium ceded	(77)	(81)
Net premiums earned	5,864	6,019
Life Insurance Operations | Traditional life insurance
Segment Reporting Information [Line Items]
Gross premiums earned	4,165	4,273
Life Insurance Operations | Accident and health insurance
Segment Reporting Information [Line Items]
Gross premiums earned	1,776	1,827
P&C Insurance Operations
Segment Reporting Information [Line Items]
Gross premiums earned	61,060	61,213
Reinsurance premium ceded	(7,041)	(6,376)
Net premiums earned	54,019	54,837
P&C Insurance Operations | Dwelling fire & extended coverage
Segment Reporting Information [Line Items]
Gross premiums earned	38,090	37,232
P&C Insurance Operations | Homeowners (Including mobile homeowners)
Segment Reporting Information [Line Items]
Gross premiums earned	20,758	21,801
P&C Insurance Operations | Other liability
Segment Reporting Information [Line Items]
Gross premiums earned	$ 2,212	$ 2,180

CONTINGENCIES (Details)

CONTINGENCIES (Details)	Dec. 31, 2018claim
Hurricane | Texas
Loss Contingencies [Line Items]
Pending claims, number	1

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 1,185	$ 1,231
Income taxes (received) paid	(921)	25
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in equity	53	76
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in equity	5	5
Common Stock | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued	5
Additional Paid-in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in equity	$ 48	$ 71

Schedule I. Summary of Inves_2

Schedule I. Summary of Investments Other Than Investments in Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	$ 112,062	$ 111,693
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	119,024	112,684
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	118,969	112,690
Held-to-maturity securities | Agency mortgage backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,290	1,449
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,345	1,443
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,290	1,449
Held-to-maturity securities | Total Debt Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,290	1,449
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,345	1,443
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,290	1,449
Total Fixed Maturities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	99,229	98,719
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	105,563	99,431
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	105,563	99,431
Total Fixed Maturities | Agency mortgage backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	32,283	27,492
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	32,987	27,106
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	32,987	27,106
Total Fixed Maturities | Total Debt Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	97,102	96,877
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	100,260	95,125
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	100,260	95,125
Total Fixed Maturities | Banks and insurance companies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	843	1,064
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	2,335	2,044
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	2,335	2,044
Total Fixed Maturities | Industrial and all other
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,284	778
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	2,968	2,262
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	2,968	2,262
Total Fixed Maturities | Equity securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	2,127	1,842
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	5,303	4,306
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	5,303	4,306
Total Fixed Maturities | U.S. Government corporations and agencies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	4,131	4,820
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	4,281	4,744
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	4,281	4,744
Total Fixed Maturities | Asset backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	10,307	10,901
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	10,274	10,660
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	10,274	10,660
Total Fixed Maturities | Private label mortgage backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	6,815	5,869
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	7,252	5,947
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	7,252	5,947
Total Fixed Maturities | Corporate bonds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	36,074	36,935
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	37,820	35,791
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	37,820	35,791
Total Fixed Maturities | States, municipalities and political subdivisions
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	6,669	10,059
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	6,777	10,073
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	6,777	10,073
Total Fixed Maturities | Foreign governments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	823	801
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	869	804
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	869	804
Total Securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	100,519	100,168
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	106,908	100,874
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	106,853	100,880
Trading Security
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	149	107
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	149	107
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	149	107
Mortgage loans on real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	147	156
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	147	156
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	147	156
Investment real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	2,934	2,945
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	2,934	2,945
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	2,934	2,945
Policy loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	1,895	1,854
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	1,895	1,854
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	1,895	1,854
Company owned life insurance change in surrender value
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	4,082	4,315
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	4,655	4,600
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	4,655	4,600
Other invested assets
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Cost	2,336	2,148
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Fair Value	2,336	2,148
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount	$ 2,336	$ 2,148

Schedule II. Condensed Financ_2

Schedule II. Condensed Financial Information of Registrant (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Fixed maturities available-for-sale, at estimated fair value	$ 100,260	$ 95,125
Investment real estate, at book value	2,934	2,945
Cash and cash equivalents	11,809	5,676
Deferred income tax asset	0	716
Other assets	850	472
Total Assets	153,934	144,231
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term notes payable and current portion of long-term debt	500	2,200
Total Liabilities	100,473	98,365
Stockholders' Equity Attributable to Parent	53,461	45,866	$ 47,625
Total Liabilities and Shareholders' Equity	153,934	144,231
Parent Company
ASSETS
Fixed maturities available-for-sale, at estimated fair value	294	932
Investment real estate, at book value	356	356
Cash and cash equivalents	3,393	523	$ 1,753
Investment in subsidiaries (equity method) eliminated upon consolidation	65,329	59,229
Income tax recoverable	491	1,012
Deferred income tax asset	714	601
Other assets	525	490
Total Assets	71,102	63,143
LIABILITIES AND SHAREHOLDERS' EQUITY
Accrued general expenses	3,412	2,691
Interest rate swaps	65	234
Short-term notes payable and current portion of long-term debt	500	2,200
Notes Payable	13,664	12,152
Total Liabilities	17,641	17,277
Stockholders' Equity Attributable to Parent	53,461	45,866
Total Liabilities and Shareholders' Equity	$ 71,102	$ 63,143

Schedule II. Condensed Financ_3

Schedule II. Condensed Financial Information of Registrant (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income
Other income	$ 585	$ 612
Total Revenues	67,399	64,857
Expenses
Interest expense	1,165	1,235
Income tax expense (benefit)	513	286
Parent Company
Income
Dividends (eliminated upon consolidation)	2,750	750
Net realized investment gains	16	0
Holding company management service fees	1,019	1,006
Other income	56	55
Total Revenues	3,841	1,811
Expenses
State taxes	51	43
Interest expense	1,122	1,187
Other expenses	1,077	266
Operating Expenses	2,250	1,496
Income before income taxes and equity in undistributed earnings of subsidiaries	1,591	315
Income tax expense (benefit)	(243)	151
Income before equity in undistributed earnings of subsidiaries	1,834	164
Equity in undistributed earnings of subsidiaries	2,233	615
Net income	$ 4,067	$ 779

Schedule II. Condensed Financ_4

Schedule II. Condensed Financial Information of Registrant (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Income taxes	$ (255)	$ 1,331
Other, net	(1)	6
Net cash provided by operating activities	5,373	3,177
Net Cash Provided by (Used in) Investing Activities [Abstract]
Net cash provided by (used in) investing activities	1,656	(2,149)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net cash used in financing activities	(896)	(1,996)
Cash and cash equivalents, beginning of year	5,676
Cash and cash equivalents, end of period	11,809	5,676
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net income	4,067	779
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of subsidiaries	(2,233)	(615)
Net realized investment gains (losses)	(16)	0
Income taxes	370	58
Other, net	750	(137)
Net cash provided by operating activities	2,938	85
Net Cash Provided by (Used in) Investing Activities [Abstract]
Net sales of investments	663	490
Net cash provided by (used in) investing activities	663	490
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net repayments of debt	(200)	(1,300)
Cash dividends	(531)	(505)
Net cash used in financing activities	(731)	(1,805)
Net change in cash and cash equivalents	2,870	(1,230)
Cash and cash equivalents, beginning of year	523	1,753
Cash and cash equivalents, end of period	$ 3,393	$ 523

Schedule II. Condensed Financ_5

Schedule II. Condensed Financial Information of Registrant (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Cash dividends paid to parent company by consolidated subsidiaries	$ 2,750	$ 750

Schedule III. Supplementary I_2

Schedule III. Supplementary Insurance Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Deferred Policy Acquisition Cost	$ 7,666	$ 7,834
Supplementary Insurance Information, Future Policy Benefits	38,315	37,474
Supplementary Insurance Information, Unearned Premiums	30,555	29,999
Supplementary Insurance Information, Unpaid Losses	8,252	7,867
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Premium Revenue	59,883	60,856
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Net Investment Income	4,416	4,481
Supplementary Insurance Inforamtion, Other Income	2,447	2,693
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Benefit, Claim, Loss and Settlement Expenses	39,006	40,977
Supplementary Insurance Information, Commissions and Amortization of Deferred Policy Acquisition Costs	10,888	11,152
Supplementary Insurance Information, General Expenses, Taxes, Licenses and Fees	14,162	13,049
Life Insurance Operations
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Deferred Policy Acquisition Cost	4,227	4,416
Supplementary Insurance Information, Future Policy Benefits	38,315	37,474
Supplementary Insurance Information, Unearned Premiums	10	10
Supplementary Insurance Information, Unpaid Losses	1,053	792
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Premium Revenue	5,864	6,019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Net Investment Income	2,677	2,722
Supplementary Insurance Inforamtion, Other Income	853	1,078
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Benefit, Claim, Loss and Settlement Expenses	5,027	5,242
Supplementary Insurance Information, Commissions and Amortization of Deferred Policy Acquisition Costs	1,017	1,126
Supplementary Insurance Information, General Expenses, Taxes, Licenses and Fees	2,233	2,331
P&C Insurance Operations
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Deferred Policy Acquisition Cost	3,439	3,418
Supplementary Insurance Information, Future Policy Benefits	0	0
Supplementary Insurance Information, Unearned Premiums	30,545	29,989
Supplementary Insurance Information, Unpaid Losses	7,199	7,075
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Premium Revenue	54,019	54,837
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Net Investment Income	1,683	1,704
Supplementary Insurance Inforamtion, Other Income	575	609
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Benefit, Claim, Loss and Settlement Expenses	33,979	35,735
Supplementary Insurance Information, Commissions and Amortization of Deferred Policy Acquisition Costs	9,871	10,026
Supplementary Insurance Information, General Expenses, Taxes, Licenses and Fees	10,801	10,409
Non-Insurance Operations
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Premium Revenue	0	0
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Net Investment Income	56	55
Supplementary Insurance Inforamtion, Other Income	1,019	1,006
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Benefit, Claim, Loss and Settlement Expenses	0	0
Supplementary Insurance Information, Commissions and Amortization of Deferred Policy Acquisition Costs	0	0
Supplementary Insurance Information, General Expenses, Taxes, Licenses and Fees	$ 1,128	$ 309

Schedule IV. Reinsurance (Detai

Schedule IV. Reinsurance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Direct Premiums, Life Insurance in Force	$ 202,663	$ 203,209
Ceded Premiums, Life Insurance in Force	9,761	9,730
Assumed Premiums, Life Insurance in Force	0	0
Premiums, Net, Life Insurance in Force	$ 192,902	$ 193,479
Life Insurance in Force Premiums, Percentage Assumed to Net	0.00%	0.00%
Direct Premiums Earned	$ 67,001	$ 67,313
Ceded Premiums Earned	7,118	6,457
Assumed Premiums Earned	0	0
Net premiums earned	$ 59,883	$ 60,856
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net	0.00%	0.00%
Life Insurance Operations
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Direct Premiums Earned	$ 5,941	$ 6,100
Ceded Premiums Earned	77	81
Assumed Premiums Earned	0	0
Net premiums earned	$ 5,864	$ 6,019
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net	0.00%	0.00%
P&C Insurance Operations
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Direct Premiums Earned	$ 61,060	$ 61,213
Ceded Premiums Earned	7,041	6,376
Assumed Premiums Earned	0	0
Net premiums earned	$ 54,019	$ 54,837
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net	0.00%	0.00%

Schedule V. Valuation and Qua_2

Schedule V. Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance, January 1 Allowance for Doubtful Accounts	$ 5	$ 4	$ 4
Additions	4	8
Deletions	3	8
Balance, December 31 Allowance for Doubtful Accounts	$ 5	$ 4