Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $24,485,359 · related or exempt $24,485,359

• 2b · Program service revenue: OTHER FEES

  total $4,373,258 · related or exempt $4,346,033 · unrelated business $27,225

• 2c · Program service revenue: CHECKING/ATM FEES

  total $2,768,829 · related or exempt $2,731,740 · unrelated business $37,089

• 3 · Investment income

  total $8,058,783 · excluded $8,058,783

• 7a · Gross sales of assets other than inventory

  securities $26,388

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

  securities $0 · other assets $40,513

• 7c · Gain or loss

  securities $26,388 · other assets -$40,513

• 7d · Net gain or loss

  total -$14,125 · excluded -$14,125

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $3,122,169

• 5 · Compensation of officers, directors and key employees

  total $3,088,893

• 7 · Other salaries and wages

  total $7,422,123

• 8 · Pension plan contributions

  total $959,030

• 9 · Other employee benefits

  total $1,462,314

• 10 · Payroll taxes

  total $765,412

• 11b · Fees: legal

  total $64,884

• 11c · Fees: accounting

  total $148,454

• 13 · Office expenses

  total $3,326,596

• 16 · Occupancy

  total $2,005,075

• 17 · Travel

  total $270,450

• 20 · Interest

  total $588,641

• 22 · Depreciation, depletion and amortization

  total $1,727,607

• 24a · Other expenses: PROFESSIONAL AND OUTSID

  total $4,348,723

• 24b · Other expenses: EDUCATIONAL AND PROMOTI

  total $2,145,624

• 24c · Other expenses: LOAN SERVICING EXPENSE

  total $1,932,957

• 24d · Other expenses: LOAN LOSS PROVISION

  total $495,814

• 24e · All other expenses

  total $439,240

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,060,364 · end of year $8,210,275

• 2 · Savings and temporary cash investments

  beginning of year $133,658,868 · end of year $77,096,171

• 4 · Accounts receivable

  beginning of year $4,587,348 · end of year $2,363,920

• 7 · Other notes and loans receivable

  beginning of year $553,229,532 · end of year $667,858,051

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,939,425 · end of year $2,333,016

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

  $47,509,381

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

  $27,838,757

• 10c · Land, buildings and equipment, net

  beginning of year $20,052,475 · end of year $19,670,624

• 11 · Investments: publicly traded securities

  beginning of year $379,681,122 · end of year $356,805,707

• 13 · Investments: program-related

  beginning of year $27,112,295 · end of year $28,847,410

• 15 · Other assets

  beginning of year $42,876,517 · end of year $45,338,406

• 17 · Accounts payable and accrued expenses

  beginning of year $11,412,158 · end of year $12,666,866

• 23 · Secured mortgages and notes payable

  end of year $54,010,000

• 25 · Other liabilities

  beginning of year $1,044,623,103 · end of year $1,069,550,739

• 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 $114,162,685 · end of year $72,295,975

The filer's explanations (Part III)

PART I, LINE 4B

PATRICK PIERCE - PARTICIPATED IN NON-QUALIFIED PLAN THOMAS COULTER - PARTICIPATED IN NON-QUALIFIED PLAN MARC KILGORE - PARTICIPATED IN NON-QUALIFIED PLAN BAILEY GERMAIN - PARTICIPATED IN NON-QUALIFIED PLAN ERIC MELLENTHIN - PARTICIPATED IN NON-QUALIFIED PLAN MELISSA SETTEM - PARTICIPATED IN NON-QUALIFIED PLAN