Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $24,549,736 · related or exempt $24,549,736

• 2b · Program service revenue: SERVICE CHARGES AND GE

  total $5,543,798 · related or exempt $5,513,620 · unrelated business $30,178

• 3 · Investment income

  total $4,414,486 · excluded $4,414,486

• 7a · Gross sales of assets other than inventory

  other assets $65,754

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $65,754

• 7d · Net gain or loss

  total $65,754 · related or exempt $65,754

• 11a · Other revenue: OTHER NONOPERATING INC

  total $2,190,717 · related or exempt $2,071,259 · unrelated business $119,458

• 11b · Other revenue: OTHER OPERATING INC

  total $57,379 · related or exempt $57,379

• 11e · Other revenue, total

  $2,248,096

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $114,488

• 5 · Compensation of officers, directors and key employees

  total $1,653,824

• 7 · Other salaries and wages

  total $8,324,911

• 8 · Pension plan contributions

  total $251,041

• 9 · Other employee benefits

  total $1,108,762

• 10 · Payroll taxes

  total $887,718

• 11b · Fees: legal

  total $140,922

• 11c · Fees: accounting

  total $120,813

• 11g · Fees: other

  total $2,269,901

• 12 · Advertising and promotion

  total $780,552

• 13 · Office expenses

  total $908,604

• 14 · Information technology

  total $1,902,766

• 16 · Occupancy

  total $914,056

• 19 · Conferences, conventions and meetings

  total $234,649

• 20 · Interest

  total $7,300,526

• 22 · Depreciation, depletion and amortization

  total $1,216,593

• 23 · Insurance

  total $150,675

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $3,338,119

• 24b · Other expenses: LOAN SERVICING

  total $918,118

• 24c · Other expenses: ASSOCIATION DUES

  total $92,345

• 24e · All other expenses

  total $1,167,147

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,505,874 · end of year $3,465,684

• 2 · Savings and temporary cash investments

  beginning of year $10,459,014 · end of year $75,930,517

• 4 · Accounts receivable

  beginning of year $385,031,463 · end of year $410,176,659

• 5 · Loans and receivables from officers and key people

  beginning of year $12,124,131 · end of year $12,465,081

• 10a · Land, buildings and equipment: cost or other basis

  $23,024,863

• 10b · Land, buildings and equipment: accumulated depreciation

  $12,253,280

• 10c · Land, buildings and equipment, net

  beginning of year $9,133,547 · end of year $10,771,583

• 12 · Investments: other securities

  beginning of year $76,580,744 · end of year $58,914,788

• 15 · Other assets

  beginning of year $18,589,022 · end of year $21,347,547

• 17 · Accounts payable and accrued expenses

  beginning of year $9,059,813 · end of year $9,227,001

• 21 · Escrow or custodial account liability

  beginning of year $98,398 · end of year $120,724

• 24 · Unsecured notes and loans payable

  beginning of year $24,500,000 · end of year $24,500,000

• 25 · Other liabilities

  beginning of year $443,431,159 · end of year $511,003,886

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $42,334,425 · end of year $48,220,248

The filer's explanations (Part III)

LINE 4B

THE FOLLOWING INDIVIDUAL(S) PARTICIPATE IN CAP-EX (A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT IN PLACE OF A TRADITIONAL SERP) AND RECEIVED THE AMOUNTS (IF ANY) FOLLOWING THEIR NAMES: STACIE WYSS-SCHOENBORN: NO PAYMENTS RECEIVED IN 2024. JOEY RUDISILL: NO PAYMENTS RECEIVED IN 2024. RACHEL WOLFE: NO PAYMENTS RECEIVED IN 2024. SEE SCHEDULE L, PART V, FOR A BROADER DESCRIPTION OF THE ARRANGEMENT.