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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 22,368,285 $ 27,832,554
Adjustments to reconcile Net Income (Loss) to net cash provided by operating activities:    
Provision for loan losses 23,623,741 22,250,160
Depreciation and amortization 2,516,257 2,327,098
Provision for deferred income taxes 975,636 (17,473)
Earnings in equity method investment 561,265 (1,108,526)
Other 613,227 914,369
Decrease (increase) in miscellaneous assets (9,398,702) 540,464
Decrease in other liablities (636,393) (818,875)
Net Cash Provided by (Used in) Operating Activities 40,623,316 51,919,771
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loans originated or purchased (274,603,774) (243,173,102)
Loan payments 249,563,834 226,135,630
Increase (decrease) in restricted cash (937,063) 133,418
Purchases of marketable debt securities (10,129,153) (25,428,772)
Purchase of equity fund investment   (15,000,000)
Sales of marketable debt securities 797,246  
Redemptions of marketable debt securities 10,510,000 13,690,000
Fixed asset additions, net (2,460,117) (2,836,638)
Net Cash Provided by (Used in) Investing Activities (27,259,027) (46,479,464)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in senior demand notes outstanding 4,035,288 4,571,954
Advances on credit line 398,991 398,603
Payments on credit line (398,991) (398,603)
Commercial paper issued 49,130,075 53,257,284
Commercial Paper redeemed (19,730,831) (37,032,507)
Subordinated debt issued 6,273,234 5,348,824
Subordinated debt redeemed (7,495,000) (7,188,725)
Dividends / Distributions (10,302,002) (22,385,402)
Net Cash Provided by (Used in) Financing Activities 21,910,764 (3,428,572)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 35,275,053 2,011,735
CASH AND CASH EQUIVALENTS, beginning 14,726,542 26,399,839
CASH AND CASH EQUIVALENTS, ending 50,001,595 28,411,574
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for Interest 9,462,917 8,856,306
Cash paid during the period for Taxes $ 2,637,000 $ 3,332,000