v3.26.1
Reconciliation of Financial Statements to Form 5500
12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Reconciliation of Financial Statement to Form 5500 [Line Items]  
Reconciliation of Financial Statements to Form 5500

NOTE 9. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the accompanying financial statements to the IRS Form 5500 Annual Return/Report of Employee Benefit Plans at December 31, 2025 and 2024:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Net assets available for benefits per financial statements

 

$

2,603,929,177

 

 

$

2,401,038,256

 

Deemed defaulted loans

 

 

(4,911,334

)

 

 

(4,645,289

)

Net assets available for benefits per the Form 5500

 

$

2,599,017,843

 

 

$

2,396,392,967

 

 

The following is a reconciliation of the increase in net assets per the financial statements to the Form 5500 for the year ended December 31, 2025:

 

 

Year Ended

 

 

December 31, 2025

 

Increase in net assets available for benefits per financial statements

$

202,890,921

 

Current year deemed defaulted loans

 

(855,063

)

Interest on deemed defaulted loans

 

(210,374

)

Prior year deemed defaulted loans – paid through termination

 

799,392

 

Increase in net assets available for benefits per the Form 5500

$

202,624,876