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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 16,960,506 $ 32,124,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 57,024,372 23,853,439
Depreciation and amortization 3,247,341 3,495,671
Provision for deferred income taxes 98,667 295,151
Other (609,685) (633,733)
Change in miscellaneous other assets 797,136 1,077,893
Change in other liabilities (2,571,243) 9,591,816
Net Cash Provided 74,947,094 69,804,357
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loans originated or purchased (476,703,192) (427,711,684)
Loan liquidations 360,884,437 346,096,260
Purchases of marketable debt securities (27,389,663) (47,944,482)
Redemptions of marketable debt securities 20,885,000 12,880,000
Fixed asset additions (3,358,384) (2,877,566)
Fixed asset net proceeds from sales 22,763 29,128
Net Cash Used (125,659,039) (119,528,344)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in senior demand notes 18,874,264 11,766,486
Advances on credit line 156,902,606 118,196,516
Payments on credit line (159,802,606) (179,146,516)
Commercial paper issued 124,974,424 122,346,729
Commercial paper redeemed (53,365,629) (28,258,368)
Subordinated debt securities issued 4,235,736 5,645,020
Subordinated debt securities redeemed (4,879,025) (5,629,180)
Dividends / distributions (17,485,889) (14,336,306)
Net Cash Provided 69,453,881 30,584,381
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 18,741,936 (19,139,606)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning 40,366,820 67,678,422
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ending 59,108,756 48,538,816
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest Paid 19,795,232 16,974,467
Income Taxes Paid 3,003,000 2,418,638
NON-CASH INVESTING AND FINANCING ACTIVITY:    
Other Consumer (Live Check and Premier) Renewed Loan Payoffs 192,010,379 172,911,739
Other non-cash activity: unearned finance charges, origination fees, discounts, premiums, deferred fees and deferred costs $ 223,376,198 $ 223,660,163