(17) SUBSEQUENT EVENTS

On January 13, 2026, approximately $1 billion of recreation loans, in addition to the previously-pledged home improvement loans, were pledged as secured collateral to the Federal Reserve Discount Window, increasing the total loans pledged to just under $1.6 billion. As of January 31, 2026, the blended advance rate was 57%, with a total borrowing capacity of approximately $900 million.

On February 26, 2026, the Company repaid $31.25 million of privately placed notes, in full, at maturity.

In February 2026, the Company repaid $11.5 million of SBA debentures, in full, which had a maturity date of March 1, 2026.

The Company has evaluated the effects of events that have occurred subsequent to December 31, 2025, through the date of financial statement issuance for potential recognition or disclosure. As of such date, there were no additional subsequent events that required recognition or disclosure.