Form 990 for tax year 2024

2a · Program service revenue: LOAN INTEREST

total $59,087,029 · related or exempt $59,087,029

2b · Program service revenue: FEES & OPERATING INCOME

total $18,275,615 · related or exempt $18,149,560 · unrelated business $126,055

3 · Investment income

total $13,752,778 · related or exempt $13,752,778

7a · Gross sales of assets other than inventory

securities $94,598,127 · other assets $16,957

7b · Less cost or other basis and sales expenses

securities $95,431,515 · other assets $27,414

7c · Gain or loss

securities -$833,388 · other assets -$10,457

7d · Net gain or loss

total -$843,845 · related or exempt -$843,845

5 · Compensation of officers, directors and key employees

total $2,885,912

7 · Other salaries and wages

total $16,771,428

8 · Pension plan contributions

total $2,087,374

9 · Other employee benefits

total $2,640,331

10 · Payroll taxes

total $1,472,556

11a · Fees: management

total $534,292

11b · Fees: legal

total $35,916

11c · Fees: accounting

total $236,161

11g · Fees: other

total $521,854

12 · Advertising and promotion

total $2,306,085

13 · Office expenses

total $4,428,738

14 · Information technology

total $4,664,954

16 · Occupancy

total $675,485

17 · Travel

total $324,450

20 · Interest

total $19,559,752

22 · Depreciation, depletion and amortization

total $2,710,772

23 · Insurance

total $120,946

24a · Other expenses: PROVISION FOR LOAN LOSS

total $9,134,757

24b · Other expenses: REPAIRS AND MAINTENANCE

total $2,156,553

24c · Other expenses: LOAN SERVICING

total $1,781,740

24d · Other expenses: CREDIT CARD EXPENSES

total $1,592,256

24e · All other expenses

total $1,621,109

1 · Cash, non-interest-bearing

beginning of year $16,965,267 · end of year $17,794,054

2 · Savings and temporary cash investments

beginning of year $64,846,712 · end of year $120,174,777

4 · Accounts receivable

beginning of year $16,262,238 · end of year $18,172,599

5 · Loans and receivables from officers and key people

beginning of year $3,474,000 · end of year $4,539,615

7 · Other notes and loans receivable

beginning of year $915,285,335 · end of year $975,686,232

8 · Inventories for sale or use

beginning of year $0 · end of year $87,478

9 · Prepaid expenses and deferred charges

beginning of year $1,866,689 · end of year $2,069,706

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

$45,056,465

10b · Land, buildings and equipment: accumulated depreciation

$24,736,482

10c · Land, buildings and equipment, net

beginning of year $19,656,563 · end of year $20,319,983

11 · Investments: publicly traded securities

beginning of year $218,687,850 · end of year $214,555,194

12 · Investments: other securities

beginning of year $4,050,000 · end of year $4,050,000

14 · Intangible assets

beginning of year $8,184,638 · end of year $7,231,088

15 · Other assets

beginning of year $17,459,817 · end of year $22,659,457

17 · Accounts payable and accrued expenses

beginning of year $12,954,414 · end of year $8,093,008

18 · Grants payable

beginning of year $2,000,335 · end of year $1,746,721

23 · Secured mortgages and notes payable

beginning of year $65,000,000 · end of year $90,000,000

25 · Other liabilities

beginning of year $1,062,796,192 · end of year $1,146,057,540

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 $143,988,168 · end of year $161,442,914