v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flow from operating activities:    
Net income $ 6,106,806 $ 1,584,390
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of intangible assets 773,657 831,015
Accrued unearned interest (1,895,317) (2,433,938)
Amortization of deferred loan cost 4,106,730 3,707,858
Loss on extinguishment of senior unsecured notes payable 0 43,438
Amortization of debt issuance costs 561,186 279,131
Amortization of discount on loans acquired in an asset purchase (12,877) (210,541)
Provision for credit losses 43,757,437 50,515,969
Depreciation 1,437,985 1,516,849
Gain on sale of property and equipment (193,563) (330,424)
Deferred income tax expense 4,129,991 4,246,673
Stock-based compensation related to equity classified awards 5,208,900 3,106,707
Change in accounts:    
Other assets, net 4,111,577 (1,497,187)
Income taxes receivable (5,372,810) (7,852,202)
Deferred revenue (contract liability) (403,546) (322,905)
Accounts payable and accrued expenses 2,053,108 4,968,214
Net cash provided by operating activities 64,369,264 58,153,047
Cash flows from investing activities:    
Originations of loans receivable (318,241,410) (331,557,726)
Repayments of loans receivable 271,733,164 263,848,493
Cash paid for acquisitions, primarily loans (2,286,987) 0
Purchases of property and equipment (1,274,538) (1,038,887)
Proceeds from the sale of property and equipment 240,725 479,907
Purchases of historic tax credits (1,183,809) 0
Net cash used in investing activities (51,012,855) (68,268,213)
Cash flow from financing activities:    
Borrowings from revolving credit facility 126,110,075 92,048,258
Payments on revolving credit facility (102,396,413) (51,826,031)
Payments for extinguished senior unsecured notes payable 0 (15,519,066)
Borrowing on warehouse facility 13,800,000 0
Payments on warehouse facility (51,911,814) 0
Payments for debt extinguishment costs 0 (26,450)
Debt issuance costs associated with revolving credit facility (214,500) (132,926)
Proceeds from exercise of stock options 3,299,174 1,566,318
Payments for taxes related to net share settlement of equity awards (1,271,186) (4,627,907)
Repurchase of common stock (2,168,614) (12,971,034)
Net cash provided by (used in) financing activities (14,753,278) 8,511,162
Net change in cash and restricted cash (1,396,869) (1,604,004)
Cash and restricted cash at beginning of period 29,374,530 9,730,296
Cash and restricted cash at end of period 27,977,661 8,126,292
Supplemental Disclosures:    
Interest paid during the period 11,033,776 12,458,528
Income taxes paid during the period 1,971,686 1,025,938
Excise tax on stock repurchases not paid during the period 0 47,277
Noncash investment in historic tax credits $ 25,216,191 $ 0