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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flow from operating activities:    
Net income (loss) $ (8,802,893) $ 15,770,828
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of intangible assets 1,132,104 1,214,784
Amortization of investment in historic tax credits 1,523,533 977,846
Accrued unearned interest (6,442,480) (4,496,024)
Amortization of deferred loan costs 4,404,042 3,952,897
Amortization of debt issuance costs 382,230 145,421
Provision for credit losses 85,822,267 30,265,811
Depreciation 1,510,599 2,348,025
Amortization of finance leases 102,278 101,906
Gain on acquisition, net of income tax (3,144,722) 0
Loss (gain) on sale of property and equipment (129,476) 289,254
Deferred income tax benefit (6,695,391) (3,789,722)
Compensation related to stock option and restricted stock plans, net of taxes and adjustments 3,816,058 4,184,090
Change in accounts:    
Other assets, net (9,432,040) (9,999,219)
Income taxes payable (752,189) 831,167
Accounts payable and accrued expenses (5,116,425) 7,187,031
Net cash provided by operating activities 58,177,495 48,984,095
Cash flows from investing activities:    
Increase in loans receivable, net (113,577,559) (98,453,079)
Cash paid for acquisitions, primarily loans (19,700,844) (159,640)
Purchases of property and equipment (1,353,135) (915,582)
Proceeds from sale of property and equipment 283,927 59,100
Net cash used in investing activities (134,347,611) (99,469,201)
Cash flow from financing activities:    
Borrowings from senior notes payable 127,920,704 108,792,088
Payments on senior notes payable (43,500,000) (46,100,000)
Debt issuance costs associated with senior notes payable (239,636) 0
Proceeds from exercise of stock options 403,547 1,808,854
Payments for taxes related to net share settlement of equity awards 0 (137,489)
Repayment of finance lease (34,143) (154,619)
Repurchase of common stock (14,314,088) (21,082,862)
Net cash provided by financing activities 70,236,384 43,125,972
Net change in cash and cash equivalents (5,933,732) (7,359,134)
Cash and cash equivalents at beginning of period 19,236,322 15,746,454
Cash and cash equivalents at end of period 13,302,590 8,387,320
Supplemental Disclosures:    
Interest paid during the period 17,698,537 5,295,753
Income taxes paid during the period $ 4,007,869 $ 7,729,025