v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 1,648,000 $ 4,195,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 30,235,000 21,549,000
Depreciation and amortization 2,223,000 2,083,000
Deferred tax provision 84,000 185,000
Net gains due to called redemptions of marketable securities and amortization on securities (150,000) (113,000)
Decrease in other assets 2,736,000 2,826,000
Decrease in other liabilities (10,891,000) (2,073,000)
Net cash provided by operating activities 25,885,000 28,652,000
Cash flows from investing activities:    
Loans originated or purchased (151,556,000) (146,891,000)
Loan payments 166,462,000 148,201,000
Purchases of securities, available-for-sale 0 (2,880,000)
Redemptions of securities, available-for-sale 5,035,000 250,000
Capital expenditures (1,161,000) (87,000)
Proceeds from sale of fixed assets 0 0
Net cash provided by (used in) investing activities 18,780,000 (1,407,000)
Cash flows from financing activities:    
(Decrease) in senior demand notes (1,230,000) (1,246,000)
Advances on credit line 54,049,000 39,100,000
Payments on credit line (77,449,000) (80,869,000)
Commercial paper issued 13,616,000 32,295,000
Commercial paper redeemed (14,185,000) (13,205,000)
Subordinated debt securities issued 1,309,000 2,512,000
Subordinated debt securities redeemed (1,349,000) (1,559,000)
Dividends / distributions 0 0
Net cash (used in) financing activities (25,239,000) (22,972,000)
Change in cash, cash equivalents, and restricted cash 19,426,000 4,273,000
Cash, cash equivalents and restricted cash, beginning 46,365,000 44,715,000
Cash, cash equivalents and restricted cash, ending 65,791,000 48,988,000
Cash paid during the year for -    
Interest paid 14,766,000 13,511,000
Federal income taxes paid, net of refunds 0 0
Non-cash transactions for -    
ROU assets and associated liabilities 2,543,000 1,842,000
Loan renewals $ 165,774,000 $ 141,312,000