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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 17,183,986 $ 20,561,061
Adjustments to reconcile Net Income (Loss) to net cash provided by operating activities:    
Provision for loan losses 12,751,029 13,065,867
Depreciation and amortization 1,696,876 1,513,815
Provision for deferred income taxes 646,734 (50,310)
Earnings in equity method investment (185,623) (763,219)
Other 439,997 634,236
Decrease (increase) in miscellaneous assets (9,674,382) 477,439
Decrease in other liablities (3,930,313) (4,757,847)
Net Cash Provided by (Used in) Operating Activities 18,928,304 30,681,042
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loans originated or purchased (165,507,067) (150,799,237)
Loan payments 171,964,643 154,550,883
Decrease (increase) in restricted cash (582,839) 190,179
Purchases of marketable debt securities (2,744,065) (16,385,099)
Purchase of equity fund investment   (15,000,000)
Sales of marketable debt securities 797,246  
Redemptions of marketable debt securities 8,650,000 9,465,000
Fixed asset additions, net (1,966,549) (1,808,750)
Net Cash Provided by (Used in) Investing Activities 10,611,369 (19,787,024)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in senior demand notes outstanding 1,017,578 4,352,009
Advances on credit line 264,810 264,801
Payments on credit line (264,810) (264,801)
Commercial paper issued 28,852,577 37,356,301
Commercial Paper redeemed (11,556,015) (27,896,073)
Subordinated debt issued 4,168,923 2,095,220
Subordinated debt redeemed (5,209,266) (3,264,621)
Dividends / Distributions (7,074,002) (13,510,000)
Net Cash Provided by (Used in) Financing Activities 10,199,795 (867,164)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 39,739,468 10,026,854
CASH AND CASH EQUIVALENTS, beginning 14,726,542 26,399,839
CASH AND CASH EQUIVALENTS, ending 54,466,010 36,426,693
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for Interest 6,177,011 5,802,344
Cash paid during the period for Taxes $ 1,844,000 $ 2,237,000