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SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT - STATEMENTS OF CASH FLOW (Details) - USD ($)
1 Months Ended 12 Months Ended
Aug. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income   $ 530,089 $ 16,159,627 $ 41,861,007
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for Credit Losses   87,387,765 84,287,916 42,183,163
Depreciation and amortization   6,606,132 4,425,985 4,629,756
Net (gains) losses due to called redemptions of marketable securities, gain on sales of equipment and amortization on securities   (661,315) (830,011) (763,017)
(Increase) in miscellaneous assets and other   (8,882,938) (7,430,995) (1,634,447)
(Decrease) Increase in other liabilities   (11,210,993) 1,125,774 6,995,269
Net Cash Provided   74,160,764 97,586,822 93,759,212
CASH FLOWS FROM INVESTING ACTIVITIES:        
Loans originated or purchased   (642,891,708) (602,792,430) (588,636,277)
Loan payments   493,004,266 469,077,122 456,342,806
Proceeds from sale of equipment   0 22,929 35,088
Net Cash Used   (181,351,701) (142,252,873) (179,415,773)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net increase in Senior Demand Notes   (11,757,244) 8,282,195 17,420,976
Advances on bank credit line   239,172,362 213,677,200 164,964,653
Payments on bank credit line   (184,653,362) (206,446,200) (223,564,653)
Commercial paper issued   146,377,614 135,878,572 161,768,917
Commercial paper redeemed   (109,389,811) (63,485,901) (41,849,573)
Subordinated debt issued   6,795,654 5,759,655 6,963,742
Subordinated debt redeemed   (7,267,540) (6,446,173) (7,346,797)
Dividends / distributions paid   (2,686,090) (17,485,889) (20,012,306)
Net Cash Provided   76,591,583 69,733,459 58,344,959
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   (30,599,354) 25,067,408 (27,311,602)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning   65,434,228 40,366,820 67,678,422
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ending   34,834,874 65,434,228 40,366,820
Cash paid during the year for -        
Interest Paid   41,752,170 27,264,793 23,018,333
Income Taxes Paid   4,763,842 4,156,000 3,050,638
Non-Cash Transactions for -        
ROU assets and associated liabilities   10,311,099 9,553,566 7,069,375
Parent Company        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income   530,089 16,159,627 41,861,007
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for Credit Losses   87,387,765 84,287,916 42,183,163
Depreciation and amortization   6,606,132 4,425,985 4,629,756
Equity in undistributed earnings of subsidiaries   (24,133,548) (22,578,274) (17,908,716)
Net (gains) losses due to called redemptions of marketable securities, gain on sales of equipment and amortization on securities   (104,735) 38,232 (301,151)
(Increase) in miscellaneous assets and other   (5,737,477) (7,647,230) (893,761)
(Decrease) Increase in other liabilities   (8,792,129) (2,135,176) 7,029,138
Net Cash Provided   55,756,097 72,551,080 76,599,436
CASH FLOWS FROM INVESTING ACTIVITIES:        
Loans originated or purchased   (642,891,708) (602,792,430) (588,636,277)
Loan payments   489,822,223 471,094,166 451,062,343
Capital expenditures   (11,493,546) (5,219,242) (3,339,606)
Proceeds from sale of equipment   0 22,929 35,088
Net Cash Used   (164,563,031) (136,894,577) (140,878,452)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net increase in Senior Demand Notes   (11,757,244) 8,282,195 17,420,976
Advances on bank credit line   239,172,362 213,677,200 164,964,653
Payments on bank credit line   (184,653,362) (206,446,200) (223,564,653)
Advances on subsidiary credit line $ 30,000,000 30,000,000 0 0
Commercial paper issued   146,377,614 135,878,572 161,768,917
Commercial paper redeemed   (109,389,811) (63,485,901) (41,849,573)
Subordinated debt issued   6,795,654 5,759,655 6,963,742
Subordinated debt redeemed   (7,267,540) (6,446,173) (7,346,797)
Dividends / distributions paid   (2,686,090) (17,485,889) (20,012,306)
Net Cash Provided   106,591,583 69,733,459 58,344,959
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   (2,215,351) 5,389,962 (5,934,057)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning   7,191,890 1,801,928 7,735,985
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ending   4,976,539 7,191,890 1,801,928
Cash paid during the year for -        
Interest Paid   41,752,170 27,264,793 23,000,475
Income Taxes Paid   39,000 309,000 219,000
Non-Cash Transactions for -        
ROU assets and associated liabilities   $ 10,311,099 $ 9,553,566 $ 7,069,375