Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $495,000

• 2a · Program service revenue: INTEREST ON LOANS

  total $20,749,006 · related or exempt $20,749,006

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

  total $5,863,265 · related or exempt $5,837,892 · unrelated business $25,373

• 3 · Investment income

  total $1,642,577 · excluded $1,642,577

• 7a · Gross sales of assets other than inventory

  other assets $21,049

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

  other assets $0

• 7c · Gain or loss

  other assets $21,049

• 7d · Net gain or loss

  total $21,049 · related or exempt $21,049

• 11a · Other revenue: OTHER NONOPERATING INC

  total $1,184,536 · related or exempt $1,068,286 · unrelated business $116,250

• 11e · Other revenue, total

  $1,184,536

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $74,893

• 5 · Compensation of officers, directors and key employees

  total $1,411,716

• 7 · Other salaries and wages

  total $7,077,986

• 8 · Pension plan contributions

  total $176,743

• 9 · Other employee benefits

  total $1,075,952

• 10 · Payroll taxes

  total $722,470

• 11b · Fees: legal

  total $77,905

• 11c · Fees: accounting

  total $114,490

• 11g · Fees: other

  total $1,990,947

• 12 · Advertising and promotion

  total $524,934

• 13 · Office expenses

  total $800,980

• 14 · Information technology

  total $1,497,034

• 16 · Occupancy

  total $798,036

• 19 · Conferences, conventions and meetings

  total $223,390

• 20 · Interest

  total $3,029,628

• 22 · Depreciation, depletion and amortization

  total $935,280

• 23 · Insurance

  total $129,433

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $2,209,540

• 24b · Other expenses: LOAN SERVICING

  total $861,498

• 24c · Other expenses: ASSOCIATION DUES

  total $77,564

• 24e · All other expenses

  total $1,119,753

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,519,094 · end of year $7,505,874

• 2 · Savings and temporary cash investments

  beginning of year $11,007,712 · end of year $10,459,014

• 4 · Accounts receivable

  beginning of year $373,754,249 · end of year $385,031,463

• 5 · Loans and receivables from officers and key people

  beginning of year $11,878,862 · end of year $12,124,131

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

  $20,094,594

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

  $10,961,047

• 10c · Land, buildings and equipment, net

  beginning of year $8,507,992 · end of year $9,133,547

• 11 · Investments: publicly traded securities

  beginning of year $87,071,580

• 12 · Investments: other securities

  beginning of year $2,483,300 · end of year $76,580,744

• 15 · Other assets

  beginning of year $16,207,547 · end of year $18,589,022

• 17 · Accounts payable and accrued expenses

  beginning of year $7,096,993 · end of year $9,059,813

• 21 · Escrow or custodial account liability

  beginning of year $71,834 · end of year $98,398

• 23 · Secured mortgages and notes payable

  beginning of year $14,000,000

• 24 · Unsecured notes and loans payable

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

• 25 · Other liabilities

  beginning of year $433,318,868 · end of year $443,431,159

• 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 $36,442,641 · end of year $42,334,425

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 2023. JOEY RUDISILL: NO PAYMENTS RECEIVED IN 2023. RACHEL WOLFE: NO PAYMENTS RECEIVED IN 2023. SEE SCHEDULE L, PART V, FOR A BROADER DESCRIPTION OF THE ARRANGEMENT.