Form 990 for tax year 2025

2a · Program service revenue: INTEREST ON LOANS

total $49,730,253 · related or exempt $49,730,253

2b · Program service revenue: FEES, CHARGES & OTHER

total $9,467,242 · related or exempt $9,467,242

2c · Program service revenue: FINANCE & INSURANCE

total $76,027 · unrelated business $76,027

3 · Investment income

total $12,540,225 · related or exempt $12,540,225

7a · Gross sales of assets other than inventory

other assets $24,058,076

7b · Less cost or other basis and sales expenses

other assets $22,787,380

7c · Gain or loss

other assets $1,270,696

7d · Net gain or loss

total $1,270,696 · related or exempt $1,270,696

1 · Grants to domestic organizations and governments

total $5,500

2 · Grants to domestic individuals

total $5,000

5 · Compensation of officers, directors and key employees

total $4,677,741

7 · Other salaries and wages

total $8,929,976

8 · Pension plan contributions

total $498,084

9 · Other employee benefits

total $2,019,637

10 · Payroll taxes

total $933,649

11b · Fees: legal

total $52,340

11c · Fees: accounting

total $316,086

11f · Fees: investment management

total $449,622

11g · Fees: other

total $671,805

12 · Advertising and promotion

total $1,709,403

13 · Office expenses

total $7,535,943

14 · Information technology

total $178,457

16 · Occupancy

total $1,554,572

19 · Conferences, conventions and meetings

total $56,691

20 · Interest

total $18,689,899

22 · Depreciation, depletion and amortization

total $1,888,643

23 · Insurance

total $164,344

24a · Other expenses: LOAN SERVICING

total $1,207,943

24b · Other expenses: PROVISION FOR LOAN LOSS

total $689,050

24c · Other expenses: FRAUD LOSSES

total $554,135

24d · Other expenses: MISCELLANEOUS EXPENSES

total $202,033

24e · All other expenses

total $162,667

1 · Cash, non-interest-bearing

beginning of year $4,143,199 · end of year $3,869,038

2 · Savings and temporary cash investments

beginning of year $114,544,390 · end of year $185,202,228

4 · Accounts receivable

beginning of year $1,945,544 · end of year $2,682,066

5 · Loans and receivables from officers and key people

beginning of year $599,400 · end of year $614,236

7 · Other notes and loans receivable

beginning of year $942,456,286 · end of year $1,019,637,903

9 · Prepaid expenses and deferred charges

beginning of year $1,427,426 · end of year $1,509,359

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

$19,076,636

10b · Land, buildings and equipment: accumulated depreciation

$13,735,843

10c · Land, buildings and equipment, net

beginning of year $6,584,642 · end of year $5,340,793

11 · Investments: publicly traded securities

beginning of year $212,671,097 · end of year $156,304,110

12 · Investments: other securities

beginning of year $4,574,868 · end of year $4,538,725

15 · Other assets

beginning of year $16,977,065 · end of year $21,315,201

17 · Accounts payable and accrued expenses

beginning of year $11,191,219 · end of year $13,050,029

25 · Other liabilities

beginning of year $1,138,055,869 · end of year $1,210,536,461

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 $156,676,829 · end of year $177,427,169