• Filing Date: 2013-03-14
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Income Taxes (Details 2) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Deferred tax assets:    
Unearned premiums $ 9,149 $ 6,768
Losses and loss adjustment expenses 1,116 756
Organizational costs 106 118
Stock-based compensation 394 252
Accrued expenses 40 466
Deferred expense 72  
Total deferred tax assets 10,877 8,360
Deferred tax liabilities:    
Property and equipment (1,519) (943)
Deferred policy acquisition costs (4,027) (4,870)
Unrealized net gain on securities available-for-sale (1,017) (131)
Prepaid expenses (225)  
Unearned brokerage income (105)  
Other (136) (48)
Total deferred tax liabilities (7,029) (5,992)
Net deferred tax assets $ 3,848 $ 2,368