Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,826,265

• 2a · Program service revenue: LOAN INTEREST

  total $24,783,383 · related or exempt $24,783,383

• 2b · Program service revenue: FEES AND OTHER

  total $14,280,219 · related or exempt $14,280,219

• 2c · Program service revenue: FINANCE & INSURANCE

  total $60,219 · unrelated business $60,219

• 3 · Investment income

  total $3,756,657 · related or exempt $3,756,657

• 7a · Gross sales of assets other than inventory

  other assets $4,400

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

  other assets $0

• 7c · Gain or loss

  other assets $4,400

• 7d · Net gain or loss

  total $4,400 · related or exempt $4,400

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,000

• 5 · Compensation of officers, directors and key employees

  total $1,785,096

• 7 · Other salaries and wages

  total $12,641,998

• 8 · Pension plan contributions

  total $962,019

• 9 · Other employee benefits

  total $1,517,249

• 10 · Payroll taxes

  total $1,249,159

• 11b · Fees: legal

  total $31,574

• 11c · Fees: accounting

  total $212,278

• 11g · Fees: other

  total $942,751

• 12 · Advertising and promotion

  total $1,204,545

• 13 · Office expenses

  total $8,415,326

• 16 · Occupancy

  total $936,736

• 17 · Travel

  total $144,621

• 19 · Conferences, conventions and meetings

  total $420,131

• 20 · Interest

  total $2,545,696

• 22 · Depreciation, depletion and amortization

  total $1,388,676

• 23 · Insurance

  total $154,288

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $3,504,676

• 24b · Other expenses: LOAN SERVICING FEES

  total $1,804,528

• 24c · Other expenses: LOSSES ON DEPOSIT ACCOU

  total $39,981

• 24d · Other expenses: 990T EXPENSE

  total $8,980

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,107,588 · end of year $9,163,174

• 2 · Savings and temporary cash investments

  beginning of year $81,671,130 · end of year $49,648,450

• 4 · Accounts receivable

  beginning of year $643,849 · end of year $389,076

• 5 · Loans and receivables from officers and key people

  beginning of year $2,750,000 · end of year $2,750,000

• 7 · Other notes and loans receivable

  beginning of year $416,286,476 · end of year $550,076,496

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,637,602 · end of year $3,827,521

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

  $28,545,398

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

  $15,522,172

• 10c · Land, buildings and equipment, net

  beginning of year $13,620,724 · end of year $13,023,226

• 11 · Investments: publicly traded securities

  beginning of year $195,805,806 · end of year $168,704,207

• 12 · Investments: other securities

  beginning of year $3,938,974 · end of year $4,515,607

• 14 · Intangible assets

  beginning of year $291,067 · end of year $209,839

• 15 · Other assets

  beginning of year $11,128,188 · end of year $12,064,078

• 17 · Accounts payable and accrued expenses

  beginning of year $8,843,321 · end of year $79,826,289

• 25 · Other liabilities

  beginning of year $658,326,405 · end of year $678,078,043

• 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 $69,711,678 · end of year $56,467,342

The filer's explanations (Part III)

PART I, LINE 4B

ERIC BRUBAKER, FORMER PRESIDENT/CEO, PARTICIPATES IN A COLLATERAL ASSIGNED SPLIT DOLLAR ARRANGEMENT FOR WHICH NO ACTUAL FUNDS WERE DISTRIBUTED.