Form 990 for tax year 2023

2a · Program service revenue: LOAN INTEREST

total $49,028,407 · related or exempt $49,028,407

2b · Program service revenue: FEES & OPERATING INCOME

total $17,570,749 · related or exempt $17,426,828 · unrelated business $143,921

3 · Investment income

total $8,823,234 · related or exempt $8,823,234

7a · Gross sales of assets other than inventory

securities $131,641,773 · other assets $23,279

7b · Less cost or other basis and sales expenses

securities $130,850,105 · other assets $18,929

7c · Gain or loss

securities $791,668 · other assets $4,350

7d · Net gain or loss

total $796,018 · related or exempt $796,018

5 · Compensation of officers, directors and key employees

total $3,383,220

7 · Other salaries and wages

total $14,540,530

8 · Pension plan contributions

total $1,539,067

9 · Other employee benefits

total $2,543,297

10 · Payroll taxes

total $1,319,664

11a · Fees: management

total $1,875,096

11b · Fees: legal

total $28,271

11c · Fees: accounting

total $235,192

11g · Fees: other

total $570,548

12 · Advertising and promotion

total $2,348,234

13 · Office expenses

total $5,248,884

14 · Information technology

total $3,849,793

16 · Occupancy

total $652,396

17 · Travel

total $309,959

19 · Conferences, conventions and meetings

total $2,406

20 · Interest

total $11,687,745

22 · Depreciation, depletion and amortization

total $2,881,525

23 · Insurance

total $88,423

24a · Other expenses: PROVISION FOR LOAN LOSS

total $6,439,218

24b · Other expenses: CREDIT CARD EXPENSES

total $2,116,102

24c · Other expenses: LOAN SERVICING

total $1,929,584

24d · Other expenses: REPAIRS AND MAINTENANCE

total $1,679,891

24e · All other expenses

total $1,480,484

1 · Cash, non-interest-bearing

beginning of year $15,773,051 · end of year $16,965,267

2 · Savings and temporary cash investments

beginning of year $39,663,010 · end of year $64,846,712

4 · Accounts receivable

beginning of year $12,653,944 · end of year $16,262,238

5 · Loans and receivables from officers and key people

beginning of year $3,436,000 · end of year $3,474,000

7 · Other notes and loans receivable

beginning of year $832,688,447 · end of year $915,285,335

9 · Prepaid expenses and deferred charges

beginning of year $1,841,579 · end of year $1,866,689

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

$42,966,687

10b · Land, buildings and equipment: accumulated depreciation

$23,310,124

10c · Land, buildings and equipment, net

beginning of year $19,526,336 · end of year $19,656,563

11 · Investments: publicly traded securities

beginning of year $262,060,857 · end of year $218,687,850

12 · Investments: other securities

beginning of year $3,155,900 · end of year $4,050,000

14 · Intangible assets

beginning of year $9,138,188 · end of year $8,184,638

15 · Other assets

beginning of year $32,575,982 · end of year $17,459,817

17 · Accounts payable and accrued expenses

beginning of year $4,990,665 · end of year $12,954,414

18 · Grants payable

beginning of year $1,594,143 · end of year $2,000,335

23 · Secured mortgages and notes payable

beginning of year $25,000,000 · end of year $65,000,000

25 · Other liabilities

beginning of year $1,069,614,376 · end of year $1,062,796,192

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 $131,314,110 · end of year $143,988,168