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<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Nicholas Financial, Inc. (“Nicholas Financial – Canada”) is a Canadian holding company incorporated under the laws of British Columbia with two wholly owned United States subsidiaries, Nicholas Data Services, Inc. (“NDS”) and Nicholas Financial, Inc. (“NFI”). NDS is engaged principally in the development, marketing and support of computer application software. NFI is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (“Contracts”) for purchases of new and used automobiles and light trucks. To a lesser extent, NFI also offers Direct Loans and sells consumer-finance related products. Both NDS and NFI are based in Florida, U.S.A. The accompanying consolidated financial statements are stated in U.S. dollars and are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Company has one reportable segment, which is the consumer finance company.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Company reclassified certain amounts in 2013 and 2014 to conform to the 2015 presentation including the reclassification of a reduction in the Company’s operating cash flows to financing cash flows for payments of debt origination costs in the Consolidated Cash Flows.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>2. Summary of Significant Accounting Policies</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Consolidation</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The consolidated financial statements include the accounts of Nicholas Financial – Canada and its wholly owned subsidiaries, NDS and NFI, collectively referred to as (the “Company”). All intercompany transactions and balances have been eliminated.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Dividends</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The following cash dividends were declared during fiscal years ended March 31, 2014 and 2013. No dividends were declared during the fiscal year ended March 31, 2015.</font></p>
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<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2014</font></p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">May 7, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">June 21, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">June 28, 2013</font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">August 13, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">September 20, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">September 27, 2013</font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td
valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.24</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2013</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">May 2, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">May 30, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">June 6, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.10</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">August 8, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">August 30, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">September 6, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">November 9, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">November 30, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 6, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 11, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 21, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 28, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.00</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">February 19, 2013</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">March 22, 2013</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">March 29, 2013</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.46</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td
valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Payment of cash dividends results in a 5% withholding tax payable by the Company under the Canada-United States Income Tax Convention which is included in earnings under the caption of dividend tax.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Tender Offer</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">On March 19, 2015, the Company announced the final results of the modified “Dutch auction” tender offer for the purchase of approximately 4.7 million shares of the Company’s common shares by its principal operating subsidiary. The tender offer expired on March 13, 2015. Total payments for common shares, including costs were approximately $70,409,000. Such costs were recorded as an increase to treasury stock, reducing shareholders’ equity.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The aggregate number of common shares purchased in the tender offer by Nicholas represented approximately 38.0% of the Company’s outstanding common shares as of March 17, 2015. Following settlement of the tender offer, the Company had approximately 7,701,981 common shares outstanding.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Use of Estimates</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses on finance receivables and the fair value of interest rate swap agreements.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Finance Receivables</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2015 and March 31, 2014 are approximately $169,071,000 and $155,001,000, respectively (See Note 3).</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Allowance for Credit Losses</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The allowance for credit losses is increased by charges against earnings and decreased by charge-offs (net of recoveries). The Company aggregates Contracts into static pools consisting of Contracts purchased during a three-month period for each branch location as management considers these pools to have similar risk characteristics. Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral, and current economic conditions. As conditions change, the Company’s level of provisioning and allowance may change as well.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt;
margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Assets Held for Resale</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Assets held for resale are stated at net realizable value and consist primarily of automobiles that have been repossessed by the Company and are awaiting final disposition. Costs associated with repossession, transport and auction preparation expenses are reported under operating expenses in the period in which they are incurred.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Property and Equipment</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:</font></p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="40%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Automobiles</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">3 years</font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Equipment</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">5 years</font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Furniture and fixtures</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">7 years</font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Leasehold improvements</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom" nowrap="nowrap"><font style="white-space: nowrap; ; font-family: times new roman,times;" size="2">Lesser of lease term or useful life (generally 6 - 7 years)</font></td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Drafts Payable</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Drafts payable represent checks disbursed for loan purchases which have not yet been funded. Amounts generally clear within two business days of period end and then increase the line of credit or reduce cash.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"></font><font style="font-family: times new roman,times;" size="2"><b>Income Taxes</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases along with operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px;
letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from any such position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. It is the Company’s policy to recognize interest and penalties accrued on any uncertain tax benefits as a component of income tax expense. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor has the Company recognized any related interest or penalties during the three years ended March 31, 2015.</font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company files income tax returns in the U.S. Federal jurisdiction and various State jurisdictions. The Company is no longer subject to U.S. Federal tax examinations for years before 2011. State jurisdictions that remain subject to examination range from 2010 to 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Revenue Recognition</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan is contractually delinquent for 60 days or more or the collateral is repossessed, whichever is earlier, or when the account is Chapter 13 bankrupt. Chapter 13 bankrupt accounts are accounted for under the cost-recovery method. Interest income on Chapter 13 bankrupt accounts does not resume until all principal amounts are recovered (see Note 3).</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">A dealer discount represents the difference between the finance receivable, net of unearned interest, of a Contract, and the amount of money the Company actually pays for the Contract. The discount negotiated by the Company is a function of the lender, the wholesale value of the vehicle, and competition in any given market. In making decisions regarding the purchase of a particular Contract the Company considers the following factors related to the borrower: place and length of residence; current and prior job status; history in making installment payments for automobiles; current income; and credit history. In addition, the Company examines its prior experience with Contracts purchased from the dealer from which the Company is purchasing the Contract, and the value of the automobile in relation to the purchase price and the term of the Contract. The dealer discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount, as a percent of the amount financed, associated with new volume for the fiscal years ended March 31, 2015, 2014, and 2013 was 8.08%, 8.44%, and 8.54%, respectively.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The amount of future unearned income is computed as the product of the Contract rate, the Contract term and the Contract amount.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Deferred revenues consist primarily of commissions received from the sale of ancillary products. These products include automobile warranties, roadside assistance programs, accident and health insurance, credit life insurance and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company’s net costs for originating direct consumer loans (“Direct Loans”) are recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Sales relate principally to telephone support agreements and the sale of business forms to the Company’s customer base. The aforementioned sales of NDS represent less than 1% of the Company’s consolidated revenues.</font></p>
<div
style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Earnings Per Share</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Basic earnings per share is calculated by dividing the reported net income for the period by the weighted average number of shares of common stock outstanding. Diluted earnings per share includes the effect of dilutive options and other share awards. Basic and diluted earnings per share have been computed as follows:</font></p>
<p style="font: 12pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2"><b>Fiscal Year ended March 31,</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Numerator for earnings per share – net income</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>16,855,892</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,703,352</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">19,940,946</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Denominator:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Denominator for basic earnings per share – weighted average shares</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,012,765</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font
style="font-family: times new roman,times;" size="2">12,096,372</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,977,174</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Effect of dilutive securities:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 5em;"><font style="font-family: times new roman,times;" size="2">Stock options and other share awards</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>178,991</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">228,873</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">241,242</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Denominator for diluted earnings per share</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,191,756</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,325,245</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,218,416</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Earnings per share – basic</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.40</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.38</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.66</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p
style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Earnings per share – diluted</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.38</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.36</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.63</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Diluted earnings per share do not include the effect of certain stock options as their impact would be anti-dilutive. Approximately 155,000, 10,000 and 120,200 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2015, 2014 and 2013 respectively, because their effect would have been anti-dilutive.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"></font><font style="font-family: times new roman,times;" size="2"><b>Share-Based Payments</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively the vesting period). The Company estimates the fair value of option awards using the Black-Scholes option pricing model. The risk-free interest rate is based upon a U.S. Treasury instrument with a life that is similar to the expected term of the options. Expected volatility is based upon the historical volatility for the previous period equal to the expected term of the options. The expected term is based upon the average life of previously issued options. The expected dividend yield is based upon the yield expected on date of grant to occur over the term of the option. The fair value of non-vested restricted and performance shares are measured at the market price of a share on a grant date.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The pool of excess tax benefits available to absorb future tax deficiencies is based on increases to shareholders’ equity related to tax benefits from share-based compensation, combined with the tax on the cumulative incremental compensation costs previously included in pro forma net income disclosures as if the Company had applied the fair-value method to all awards.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Fair Value Measurements</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company measures specific assets and liabilities at fair value, which is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When applicable, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability under a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined
as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions (see Note 7).</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Financial Instruments and Concentrations</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company’s financial instruments consist of cash, finance receivables, accrued interest, the line of credit and, interest rate swap agreements. Financial instruments that are exposed to concentrations of credit risk are primarily finance receivables and cash.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">As of March 31, 2015, the Company operated in sixteen states through sixty-six branch locations. Florida represented 32% of the finance receivables total as of March 31, 2015. Ohio represented 14%, Georgia represented 10% and North Carolina represented 9% of the finance receivables total as of March 31, 2015. Of the remaining twelve states, no one state represented more than 5% of the total finance receivables. The Company provides credit during the normal course of business and performs ongoing credit evaluations of its customers.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company maintains reserves for potential credit losses which, when realized, have been within the range of management’s expectations. The Company perfects a primary security interest in all vehicles financed as a form of collateral.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The combined account balances the Company maintains at financial institutions typically exceed federally insured limits, and there is a concentration of credit risk related to accounts on deposit in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes this risk of loss is not significant.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Interest Rate Swap Agreements</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Interest rate swap agreements are reported as either assets or liabilities in the consolidated balance sheet at fair value. Interest rate swap agreements are not designated as cash-flow hedges, and accordingly the changes in the fair value are recorded in earnings. The Company does not use interest rate swap agreements for speculative purposes (see Note 6).</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Statements of Cash Flows</b></font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Cash paid for income taxes for the years ended March 31, 2015, 2014 and 2013 was approximately $7,304,000, $10,837,000 and $11,273,000, respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2015, 2014 and 2013 was approximately $6,124,000, $5,673,000 and $5,043,000, respectively.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>Recent Accounting Pronouncements</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">In May 2014, the FASB issued ASU No. 2014-09,
“Revenue from Contracts with Customers (Topic 606)”. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method. The Company will be evaluating the effect that the ASU will have on the consolidated financial statements and related disclosures.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” The guidance requires an entity to evaluate whether there are conditions or events, in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued and to provide related footnote disclosures in certain circumstances. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company does not believe there are any other recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s consolidated financial statements.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>3. Finance Receivables</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Finance receivables consist of Contracts and Direct Loans, each of which comprise a portfolio segment. Each portfolio segment consists of smaller balance homogeneous loans which are collectively evaluated for impairment.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company purchases individual Contracts from new and used automobile dealers in its markets. There is no relationship between the Company and the dealer with respect to a given Contract once the assignment of that Contract is complete. The dealer has no vested interest in the performance of any Contract the Company purchases. The Company charges-off receivables when an individual account has become more than 120 days contractually delinquent. In the event of repossession, the charge-off will occur in the month in which the vehicle was repossessed.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Contracts included in finance receivables are detailed as follows as of fiscal years ended March 31:</font></p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="55%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, gross contract</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>447,042,854</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">413,613,292</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">386,940,093</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Unearned interest</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(136,895,592</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(121,996,483</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(111,121,493</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td
valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net of unearned interest</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>310,147,262</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">291,616,809</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">275,818,600</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Unearned dealer discounts</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(17,779,690</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(17,214,269</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(16,415,169</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net of unearned interest and unearned dealer discounts</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>292,367,572</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">274,402,540</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">259,403,431</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(11,325,222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(12,889,082</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(16,090,652</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p
style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>281,042,350</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">261,513,458</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">243,312,779</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The terms of the Contracts range from 12 to 72 months and bear a weighted average contractual interest rate of 22.86% and 23.08% as of March 31, 2015 and 2014, respectively.</font></p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"></font><font style="font-family: times new roman,times;" size="2">The following table sets forth a reconciliation of the changes in the allowance for credit losses on Contracts for the fiscal years ended March 31:</font></div>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="58%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at beginning of year</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,889,082</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,090,652</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">19,499,208</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>20,008,166</b></font></td>
<td valign="bottom"
nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">14,693,841</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13,252,382</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Losses absorbed</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(25,041,833</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(21,690,010</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(19,851,080</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Recoveries</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,469,807</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,794,599</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,190,142</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at end of year</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>11,325,222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,889,082</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,090,652</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company purchases Contracts from automobile dealers at a negotiated price that is less than the original principal amount being financed by the purchaser of the automobile. The Contracts are predominately for used vehicles. As of March 31, 2015, the average model year of vehicles collateralizing the portfolio was 2007. The average loan to value ratio, which expresses the amount of the Contract as a percentage
of the value of the automobile, is approximately 96%. The Company utilizes a static pool approach to track portfolio performance. If the allowance for credit losses is determined to be inadequate for a static pool, then an additional charge to income through the provision is used to maintain adequate reserves based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, and current economic conditions. Such evaluation, considers among other matters, the estimated net realizable value of the underlying collateral, economic conditions, historical loan loss experience, management’s estimate of probable credit losses and other factors that warrant recognition in providing for an adequate allowance for credit losses.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Direct Loans are also included in finance receivables and are detailed as follows as of fiscal years ended March 31:</font></p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Direct finance receivables, gross contract</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,931,904</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,730,901</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,781,637</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Unearned interest</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(2,367,404</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(2,310,486</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(1,800,698</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Direct finance receivables, net of unearned interest</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,564,500</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"
size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,420,415</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,980,939</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(702,790</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(590,278</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(467,917</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Direct finance receivables, net</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>7,861,710</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">7,830,137</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,513,022</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The terms of the Direct Loans range from 6 to 48 months and bear a weighted average contractual interest rate of 26.14% and 26.32% as of March 31, 2015 and 2014, respectively.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The following table sets forth a reconciliation of the changes in the allowance for credit losses on Direct Loans for the fiscal years ended March 31:</font></p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="67%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center"
style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at beginning of year</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>590,278</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">467,917</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">492,184</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>362,364</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">285,375</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">139,493</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Losses absorbed</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(278,333</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(192,156</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(190,871</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Recoveries</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>28,481</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">29,142</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">27,111</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at end of year</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>702,790</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"
size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">590,278</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">467,917</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Direct Loans are loans originated directly between the Company and the consumer. These loans are typically for amounts ranging from $1,000 to $9,000 and are generally secured by a lien on an automobile, watercraft or other permissible tangible personal property. The majority of Direct Loans are originated with current or former customers under the Company’s automobile financing program. The typical Direct Loan represents a significantly better credit risk than Contracts due to the customer’s historical payment history with the Company; however, the underlying collateral is less valuable. In deciding whether or not to make a loan, the Company considers the individual’s credit history, job stability, income and impressions created during a personal interview with a Company loan officer. Additionally, because most of the Direct Loans made by the Company to date have been made to borrowers under Contracts previously purchased by the Company, the payment history of the borrower under the Contract is a significant factor in making the loan decision. As of March 31, 2015, loans made by the Company pursuant to its Direct Loan program constituted approximately 2% of the aggregate principal amount of the Company’s loan portfolio.</font></p>
<p style="font: 8pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> </p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Changes in the allowance for credit losses for both Contracts and Direct Loans were driven by current economic conditions and credit loss trends over several reporting periods which are useful in estimating future losses and overall portfolio performance.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">A performing account is defined as an account that is less than 61 days past due. A non-performing account is defined as an account that is contractually delinquent for 61 days or more or is a Chapter 13 bankrupt account, and the accrual of interest income is suspended. When an account is 120 days contractually delinquent, the account is written off. Upon notification of a bankruptcy, an account is monitored for collection with other Chapter 13 bankrupt accounts. In the event the debtors balance has been reduced by the bankruptcy court, the Company will record a loss equal to the amount of principal balance reduction. The remaining balance will be reduced as payments are received by the bankruptcy court. In the event an account is dismissed from bankruptcy, the Company will decide, based on several factors, to begin repossession proceedings or to allow the customer to begin making regularly scheduled payments.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The following table is an assessment of the credit quality by creditworthiness as of March 31, and excludes Chapter 13 Bankrupt accounts.</font></p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="50%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center"
style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Contracts</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Direct Loans</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Contracts</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Direct Loans</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Performing accounts</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">438,317,584</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,855,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">405,691,402</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,656,685</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-performing accounts</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,765,425</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">56,636</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,840,819</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">47,860</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Total</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">443,083,009</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,911,845</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">410,532,221</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,704,545</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman';
font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Chapter 13 bankrupt accounts, net of unearned interest</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,959,845</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,059</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,081,071</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">26,356</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Finance receivables, gross contract</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">447,042,854</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,931,904</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">413,613,292</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,730,901</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The following tables present certain information regarding the delinquency rates experienced by the Company with respect to Contracts and Direct Loans, excluding any Chapter 13 bankrupt accounts:</font></p>
<table align="center" style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="50%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 33.75pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Contracts</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;"
size="2"><b>Gross Balance</b></font><br /><font style="font-family: times new roman,times;" size="2"><b>Outstanding</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>30 – 59 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>60 – 89 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>90 + days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Total</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>443,083,009</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>13,694,370</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,435,332</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,330,093</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>18,459,795</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3.09</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.78</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.30</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>4.17</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">410,532,221</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,713,021</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,944,228</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,896,591</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td
align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,553,840</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.85</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.72</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.46</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4.03</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2013</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">386,324,595</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,421,500</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,631,617</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,188,160</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">14,241,277</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.70</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.68</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.31</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.69</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 44.2pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Direct Loans</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Gross Balance<br />Outstanding</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>30 – 59 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>60 – 89 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>90 + days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Total</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt;
margin-left: 1em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,911,845</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>122,718</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>41,984</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>14,652</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>179,354</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.12</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.39</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.13</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.64</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,704,545</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">143,624</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">25,345</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">22,515</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">191,484</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.34</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.21</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.78</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p
style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2013</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,781,637</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">72,364</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">21,509</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13,790</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">107,663</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.82</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.25</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.16</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>4. Property and Equipment</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Property and equipment as of March 31, 2015 and 2014 is summarized as follows:</font></p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="66%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Cost</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Accumulated<br />Depreciation</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Net Book<br />Value</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Automobiles</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>613,222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>364,685</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>248,537</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Equipment</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>906,406</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>515,922</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>390,484</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Furniture and fixtures</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>485,696</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>390,864</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;"
size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>94,832</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Leasehold improvements</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,103,259</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>964,978</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>138,281</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,108,583</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2,236,449</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>872,134</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2014</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Automobiles</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">616,512</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">289,419</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">327,093</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font
style="font-family: times new roman,times;" size="2">Equipment</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">914,347</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">625,310</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">289,037</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Furniture and fixtures</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">463,395</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">364,634</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">98,761</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Leasehold improvements</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,118,142</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">963,340</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">154,802</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,112,396</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,242,703</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">869,693</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>6. Interest Rate Swap Agreements</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company utilizes interest rate swap agreements to manage exposure to variability in expected cash flows attributable to interest rate risk. The interest rate swap agreements convert a portion of the Company’s floating rate debt to a fixed rate, more closely matching the interest rate characteristics of the Company’s finance receivables. As of the twelve months ended March 31, 2015 and 2014, no new contracts were initiated and no contracts matured.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company currently has two interest rate swap agreements. A June 4, 2012 interest rate swap agreement provides for a five-year term in which the Company pays a fixed rate of 1% and receives payments from the counterparty on the 1-month LIBOR rate. This interest rate swap agreement has an effective date of June 13, 2012 and a notional amount of $25,000,000. A July 30, 2012 agreement provides for a five-year term in which the Company pays a fixed rate of 0.87% and receives payments from the counterparty on the 1-month LIBOR rate. This interest rate swap agreement has an effective date of August 13, 2012 and a notional amount of $25,000,000.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The locations and amounts of (losses) gains recognized in income are detailed as follows for the fiscal years ended March 31:</font></p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="75%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">2014</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Periodic change in fair value of interest rate swap agreements</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(364,378</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">688,455</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Periodic settlement differentials included in interest expense</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(392,797</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(383,028</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">(Loss) gain recognized in income</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(757,175</b></font></td>
<td valign="bottom"
nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">305,427</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"></font> </p>
<div style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Net realized losses and gains from the interest rate swap agreements were recorded in the interest expense line item of the consolidated statements of income.</font></div>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The following table summarizes the average variable rates received and average fixed rates paid under the interest rate swap agreements as of March 31:</font></p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="87%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Average variable rate received</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.16</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.18</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Average fixed rate paid</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.94</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.94</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>7. Fair Value Disclosures</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><u>Assets and Liabilities Recorded at Fair Value on a Recurring Basis</u></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company estimates the fair value of interest rate swap agreements based on the estimated net present value of the future cash flows using a forward interest rate yield curve in effect as of the measurement period, adjusted for nonperformance risk, if any, including a quantitative and qualitative evaluation of both the Company’s credit risk and the counterparty’s credit risk. Accordingly, the Company classifies interest rate swap agreements as Level 2.</font></p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="68%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2">Fair Value Measurement Using</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 39.5pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Description</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 1</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 2</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 3</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Fair</font><br /><font style="font-family: times new roman,times;" size="2">Value</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Interest rate swap agreements:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015 – liability:</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(180,775</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(180,775</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size:
10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014 – asset:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">183,603</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">183,603</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><u>Financial Instruments Not Measured at Fair Value</u></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company’s financial instruments consist of finance receivables and the Line. For each of these financial instruments the carrying value approximates fair value.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Finance receivables, net approximates fair value based on the price paid to acquire Contracts. The price paid reflects competitive market interest rates and purchase discounts for the Company’s chosen credit grade in the economic environment. This market is highly liquid as the Company acquires individual loans on a daily basis from dealers. The initial terms of the Contracts range from 12 to 72 months. The initial terms of the Direct Loans range from 6 to 48 months. In addition, there have been minimal decreases in interest rates and purchase discounts related to these types of loans due to the competitive nature of the current market. If liquidated outside of the normal course of business, the amount received may not be the carrying value.</font></p>
<p style="font: 8pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> </p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Based on current market conditions, any new or renewed credit facility would contain pricing that approximates the Company’s current Line. Based on these market conditions, the fair value of the Line as of March 31, 2015 was estimated to be equal to the book value. The interest rate for the Line is a variable rate based on LIBOR pricing options.</font></p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="50%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2">Fair Value Measurement Using</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>Description</b></font></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 1</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 2</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 3</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Fair</font><br /><font style="font-family: times new roman,times;" size="2">Value</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size:
10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Cash:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,388,193</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,388,193</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,635,036</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,635,036</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Finance receivables:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>288,904,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>288,904,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left:
3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">269,344,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">269,344,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Line of credit:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>199,000,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>199,000,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">127,900,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">127,900,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><u>Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis</u></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis. The Company did not have any assets or liabilities measured at fair value on a nonrecurring basis as of March 31, 2015 and 2014.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>8. Income Taxes</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The provision for income taxes consists of the following for the years ended March 31:</font></p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Current:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Federal</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>7,688,428</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,709,338</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,187,010</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">State</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,196,034</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,393,675</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,661,860</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 5em;"><font style="font-family: times new roman,times;" size="2">Total current</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,884,462</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right"
valign="bottom"><font style="font-family: times new roman,times;" size="2">10,103,013</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,848,870</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Deferred:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Federal</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>308,090</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,474,425</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">598,674</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">State</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>47,927</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">235,940</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">97,665</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 5em;"><font style="font-family: times new roman,times;" size="2">Total deferred</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>356,017</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,710,365</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">696,339</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000;
border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Income tax expense</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>9,240,479</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,813,378</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,545,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes are reflected in deferred income taxes. Significant components of the Company’s deferred tax assets consist of the following as of March 31:</font></p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="74%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses not currently deductible for tax purposes</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>5,552,437</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,106,725</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Share-based compensation</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>514,259</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">443,623</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Interest rate swap agreements</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>69,201</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family:
times new roman,times;" size="2">(70,283</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Other items</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>224,682</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">236,531</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Deferred income taxes</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>6,360,579</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,716,596</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: /normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; page-break-before: always; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The provision for income taxes reflects an effective U.S tax rate, which differs from the corporate tax rate for the following reasons:</font></p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for income taxes at Federal statutory rate</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>9,133,730</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9,980,855</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,370,154</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Increase (decrease) resulting from:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td
valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">State income taxes, net of Federal benefit</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>808,574</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,059,249</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,143,692</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Transaction costs</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(733,689</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">733,689</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Other</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>31,864</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">39,585</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">31,363</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Income tax expense</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>9,240,479</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,813,378</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,545,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font:
10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company’s effective tax rate decreased to 35.41% in fiscal 2015 from 41.43% in fiscal 2014 and 38.61% in fiscal 2013. The Company had approximately $2,096,000 of previously non-deductible expenses associated with the potential sale of the Company in 2014 (see Note 12). Since the sale of the Company was not consummated, the $2,096,000 became deductible in 2015 creating a favorable effective tax rate.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2"><b>9. Share-Based Payments</b></font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company has share awards outstanding under three share-based compensation plans (the “Equity Plans”). The Company believes that such awards better align the interests of its employees with those of its shareholders. Under the shareholder-approved 1998 Employee Stock Option Plan and Non-Employee Director Stock Option Plan (collectively the “1998 Plans”) the Board of Directors was authorized to grant option awards for up to 1,551,000 common shares to employees and directors. On August 9, 2006, the Company’s shareholders approved the Nicholas Financial, Inc. Equity Incentive Plan (the “2006 Plan”) for employees and non-employee directors. Under the 2006 Plan, the Board of Directors is authorized to grant total share awards for up to 1,072,500 common shares. The 2006 Plan replaced the 1998 Plans; accordingly no additional option awards may be granted under the 1998 Plans. In addition to option awards, the 2006 Plan provides for restricted stock and performance share awards.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Option awards previously granted to employees and directors under the 1998 Plans generally vest ratably based on service over a five- and three-year period, respectively, and generally have a contractual term of ten years. Vesting and contractual terms for option awards under the 2006 Plan are essentially the same as those of the 1998 Plans. Restricted stock awards generally cliff vest over a three-year period based on service conditions. The annual vesting of performance share awards is contingent upon the attainment of company-wide performance goals including annual revenue growth and operating income targets. There are no post-vesting restrictions for share awards.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company funds share awards from authorized but unissued shares and does not purchase shares to fulfill the obligations of the plans. Cash dividends, if any, are not paid on unvested performance shares or unexercised options, but are paid on unvested restricted stock awards.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company did not grant any options during the year ended March 31, 2014. The fair value of each option granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:</font></p>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="82%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Risk-free interest rate</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.68</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.71</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Weighted average expected original term</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5 years</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5 years</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Expected volatility</font></p>
</td>
<td valign="bottom">  </td>
<td
valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">48</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Expected dividend yield</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.65</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.20</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
</table>
<p style="font: /normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; page-break-before: always; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">A summary of option activity under the Equity Plans as of March 31, 2015, and changes during the year are presented below.</font></p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 27.05pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Options</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Shares</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Exercise<br />Price</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Aggregate<br />Intrinsic<br />Value</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Outstanding at March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">372,881</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5.45</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Granted</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">145,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13.62</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Exercised</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(150,911</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new
roman,times;" size="2">2.58</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Forfeited</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(3,480</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9.49</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Outstanding at March 31, 2015</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">363,490</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9.86</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6.53</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,537,174</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Exercisable at March 31, 2015</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">166,957</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6.27</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.95</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,292,143</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color:
#000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company granted 145,000 options with a weighted average fair value of $1.88 during the year ended March 31, 2015. The total intrinsic value of options exercised during the years ended March 31, 2015, 2014 and 2013 was approximately $1,829,000, $699,000 and $685,000 respectively.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">During the fiscal year ended March 31, 2015, 150,911 options were exercised at exercise prices ranging from $0.35 to $10.96 per share. During the same period 3,480 options were forfeited at exercise prices ranging from $3.60 to $10.87 per share.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">Cash received from options exercised during the fiscal years ended March 31, 2015, 2014 and 2013 totaled approximately $389,000, $329,000 and $612,000, respectively. Related income tax benefits during the same periods totaled approximately $700,000, $267,000 and $262,000, respectively. Such amounts are included in proceeds from exercise of stock options and excess tax benefit on share awards under cash flows from financing activities in the consolidated statements of cash flows. As of March 31, 2015, there was approximately $374,000 of total unrecognized compensation cost related to options granted. That cost is expected to be recognized over a weighted-average period of approximately 3.3 years.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">A summary of the status of the Company’s non-vested restricted shares under the 2006 Plan as of March 31, 2015, and changes during the year then ended is presented below.</font></p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="60%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 85.75pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Restricted Share Awards</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Shares</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Grant Date<br />Fair Value</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Aggregate<br />Intrinsic<br />Value</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-vested at March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">50,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12.92</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Granted</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family:
times new roman,times;" size="2">44,000</font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">14.22</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Vested</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(5,000</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12.87</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Forfeited</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-vested at March 31, 2015</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">89,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13.56</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.64</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,246,890</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company awarded 44,000 restricted shares during the fiscal year ended March 31, 2015. During the same period no restricted shares were forfeited.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom:
0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">As of March 31, 2015, there was approximately $581,000 of total unrecognized compensation cost related to non-vested restricted share awards granted under the 2006 Plan. That cost is expected to be recognized over a weighted-average period of approximately 1.64 years.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">The Company did not award any performance shares during the fiscal year ended March 31, 2015 or March 31, 2014 and none are non-vested.</font></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><font style="font-family: times new roman,times;" size="2">As of March 31, 2015, there was no unrecognized compensation cost related to non-vested performance share awards granted under the 2006 Plan.</font></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>10. Employee Benefit Plans</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The Company has a 401(k) retirement plan under which all employees are eligible to participate. Employee contributions are voluntary and subject to Internal Revenue Service limitations. The Company matches, based on annually determined factors, employee contributions provided the employee completes certain levels of service annually. For the plan (calendar) years 2015, 2014 and 2013, the Board of Directors suspended the Company’s matching. The Board will re-evaluate the Company’s matching policy for plan year 2016 later this year. For the fiscal years ended March 31, 2015, 2014 and 2013, the Company recorded expenses of approximately $7,000, $7,000, and $6,500, respectively, related to this plan.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>11. Commitments and Contingencies</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The Company leases corporate and branch offices under operating lease agreements which provide for annual minimum rental payments as follows:</p>
<p style="color: #000000; font-family: 'times new roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="85%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; width: 101.7pt; font-size: 8pt; font-family: 'times new roman';"><b>Fiscal Year ending March 31:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2016</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1,936,435</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2017</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,290,195</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2018</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">901,413</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2019</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">622,110</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2020</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">398,862</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,149,015</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">Rent expense for the fiscal years ended March 31, 2015, 2014, and 2013 was approximately $2,128,000, $1,995,000 and $1,933,000 respectively. The Company recognizes rent expense on a straight-line basis over the term of the lease, taking into account, when applicable, lessor incentives for tenant improvements, periods where no rent payment is required and escalations in rent payments over the term of the lease.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Company currently is not a party to any pending legal proceedings other than ordinary routine litigation incidental to its business, none of which, if decided adversely to the Company, would, in the opinion of management, have a material adverse effect on the Company’s financial condition or results of operations.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>12. Arrangement Agreement</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">On December 17, 2013, the Company entered into an arrangement agreement (the “Arrangement Agreement”), whereby the Company agreed to sell all of its issued and outstanding Common Shares to an indirect wholly-owned subsidiary of Prospect Capital Corporation (“Prospect”), pursuant to a plan of arrangement (the “Arrangement”) under the Business Corporation Act (British Columbia).</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The termination deadline for completion of the Arrangement was June 12, 2014. On June 11, 2014, the Company’s Board of Directors determined to terminate the Arrangement Agreement effective immediately on the basis that certain conditions requisite to consummation of the Arrangement could not be satisfied by the termination deadline. The Board of Directors further determined to continue to retain Janney Montgomery Scott LLC as its independent financial advisor to assist the Board in evaluating strategic alternatives for the Company, including, but not limited to, the possible sale of the Company to Prospect or another third party, potential acquisition and expansion opportunities, and/or a possible debt or equity financing.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>13. Quarterly Results of Operations (Unaudited)</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="52%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2015</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>First<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Second<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Third<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Fourth<br />Quarter</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>21,332,514</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>21,723,072</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>21,800,765</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>21,933,607</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,448,585</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,485,193</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,457,919</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,578,737</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>4,231,815</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,154,235</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,796,648</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>5,187,832</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Non-interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,920,889</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,088,886</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,407,719</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>8,935,129</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid;
border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Operating income before income taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>6,731,225</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>6,994,758</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>6,138,479</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>6,231,909</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Income tax expense</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>1,822,037</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,665,057</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,368,923</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>2,384,462</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>4,909,188</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>4,329,701</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,769,556</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>3,847,447</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Earnings per share:</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td
valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Basic</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.40</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.36</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.31</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.34</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Diluted</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.40</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.35</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.30</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>0.33</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Dividends per share</p>
</td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><b>$</b></td>
<td align="right" valign="bottom" nowrap="nowrap"><b>—  </b></td>
<td valign="bottom" nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="16"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td
valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="14"><b>Fiscal Year ended March 31, 2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>First<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Second<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Third<br />Quarter</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Fourth<br />Quarter</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Total revenue</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">20,475,735</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">20,948,924</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">20,761,230</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">20,443,054</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,404,906</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,442,898</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,441,175</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">1,389,209</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Provision for credit losses</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,641,791</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,973,104</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,183,035</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">4,181,286</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Non-interest expense</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,163,565</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,329,886</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">8,477,233</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">9,484,125</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Operating income before income taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">9,265,473</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">7,203,036</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">6,659,787</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td
valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">5,388,434</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Income tax expense</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">3,564,980</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,886,484</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,833,019</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2,528,895</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">5,700,493</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">4,316,552</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">3,826,768</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2,859,539</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Earnings per share:</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Basic</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.47</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.36</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.32</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.24</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td
valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Diluted</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.46</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.35</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.31</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.23</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Dividends per share</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap">$</td>
<td align="right" valign="bottom" nowrap="nowrap">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;"><b>Consolidation</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The consolidated financial statements include the accounts of Nicholas Financial – Canada and its wholly owned subsidiaries, NDS and NFI, collectively referred to as (the “Company”). All intercompany transactions and balances have been eliminated.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Dividends</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The following cash dividends were declared during fiscal years ended March 31, 2014 and 2013. No dividends were declared during the fiscal year ended March 31, 2015.</p>
<p style="color: #000000; font-family: 'times new roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="38%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; width: 38.85pt; font-size: 8pt; font-family: 'times new roman';"><b>Fiscal Year</b></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" nowrap="nowrap"><b>Date Declared</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" nowrap="nowrap"><b>Record Date</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" nowrap="nowrap"><b>Date Paid</b></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>Amount of<br />Dividend</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2014</p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">May 7, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 21, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">June 28, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">August 13, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 20, 2013</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom">September 27, 2013</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.24</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">2013</p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">May 2, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">May 30, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">June 6, 2012</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">0.10</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom">August 8, 2012</td>
<td
valign="bottom"></td>
<td align="center" valign="bottom">August 30, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">September 6, 2012</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom">November 9, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">November 30, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">December 6, 2012</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom">December 11, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">December 21, 2012</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">December 28, 2012</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">2.00</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom">February 19, 2013</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">March 22, 2013</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">March 29, 2013</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.12</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">2.46</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">Payment of cash dividends results in a 5% withholding tax payable by the Company under the Canada-United States Income Tax Convention which is included in earnings under the caption of dividend tax.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;"><b>Use of Estimates</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses on finance receivables and the fair value of interest rate swap agreements.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Finance Receivables</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Finance receivables are recorded at cost, net of unearned interest, unearned dealer discounts and the allowance for credit losses. The amount of unearned interest, dealer discounts and allowance for credit losses as of March 31, 2015 and March 31, 2014 are approximately $169,071,000 and $155,001,000, respectively (See Note 3).</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Allowance for Credit Losses</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The allowance for credit losses is increased by charges against earnings and decreased by charge-offs (net of recoveries). The Company aggregates Contracts into static pools consisting of Contracts purchased during a three-month period for each branch location as management considers these pools to have similar risk characteristics. Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral, and current economic conditions. As conditions change, the Company’s level of provisioning and allowance may change as well.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Assets Held for Resale</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Assets held for resale are stated at net realizable value and consist primarily of automobiles that have been repossessed by the Company and are awaiting final disposition. Costs associated with repossession, transport and auction preparation expenses are reported under operating expenses in the period in which they are incurred.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Property and Equipment</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation of property and equipment is computed using the straight-line method over the estimated useful lives of the assets as follows:</p>
<p style="color: #000000; font-family: 'times new roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="40%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Automobiles</p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">3 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Equipment</p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">5 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Furniture and fixtures</p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom">7 years</td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Leasehold improvements</p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom" nowrap="nowrap"><font style="white-space: nowrap;">Lesser of lease term or useful life (generally 6 - 7 years)</font></td>
</tr>
</table>
<div> </div>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Drafts Payable</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Drafts payable represent checks disbursed for loan purchases which have not yet been funded. Amounts generally clear within two business days of period end and then increase the line of credit or reduce cash.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 18pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><b>Income Taxes</b></p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases along with operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 12pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from any such position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. It is the Company’s policy to recognize interest and penalties accrued on any uncertain tax benefits as a component of income tax expense. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor has the Company recognized any related interest or penalties during the three years ended March 31, 2015.</p>
<p style="font: 10pt/normal 'times new roman'; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 6pt; margin-bottom: 0pt; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;">The Company files income tax returns in the U.S. Federal jurisdiction and various State jurisdictions. The Company is no longer subject to U.S. Federal tax examinations for years before 2011. State jurisdictions that remain subject to examination range from 2010 to 2014. The Company does not believe there will be any material changes in its unrecognized tax positions over the next 12 months.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Revenue Recognition</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Interest income on finance receivables is recognized using the interest method. Accrual of interest income on finance receivables is suspended when a loan is contractually delinquent for 60 days or more or the collateral is repossessed, whichever is earlier, or when the account is Chapter 13 bankrupt. Chapter 13 bankrupt accounts are accounted for under the cost-recovery method. Interest income on Chapter 13 bankrupt accounts does not resume until all principal amounts are recovered (see Note 3).</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">A dealer discount represents the difference between the finance receivable, net of unearned interest, of a Contract, and the amount of money the Company actually pays for the Contract. The discount negotiated by the Company is a function of the lender, the wholesale value of the vehicle, and competition in any given market. In making decisions regarding the purchase of a particular Contract the Company considers the following factors related to the borrower: place and length of residence; current and prior job status; history in making installment payments for automobiles; current income; and credit history. In addition, the Company examines its prior experience with Contracts purchased from the dealer from which the Company is purchasing the Contract, and the value of the automobile in relation to the purchase price and the term of the Contract. The dealer discount is amortized as an adjustment to yield using the interest method over the life of the loan. The average dealer discount, as a percent of the amount financed, associated with new volume for the fiscal years ended March 31, 2015, 2014, and 2013 was 8.08%, 8.44%, and 8.54%, respectively.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The amount of future unearned income is computed as the product of the Contract rate, the Contract term and the Contract amount.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">Deferred revenues consist primarily of commissions received from the sale of ancillary products. These products include automobile warranties, roadside assistance programs, accident and health insurance, credit life insurance and forced placed automobile insurance. These commissions are amortized over the life of the contract using the interest method.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Company’s net costs for originating direct consumer loans (“Direct Loans”) are recognized as an adjustment to the yield and are amortized over the life of the loan using the interest method.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">Sales relate principally to telephone support agreements and the sale of business forms to the Company’s customer base. The aforementioned sales of NDS represent less than 1% of the Company’s consolidated revenues.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Earnings Per Share</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Basic earnings per share is calculated by dividing the reported net income for the period by the weighted average number of shares of common stock outstanding. Diluted earnings per share includes the effect of dilutive options and other share awards. Basic and diluted earnings per share have been computed as follows:</p>
<p style="color: #000000; font-family: 'times new roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt;"> </p>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="10"><b>Fiscal Year ended March 31,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>2013</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Numerator for earnings per share – net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>16,855,892</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">16,703,352</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">19,940,946</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Denominator:</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Denominator for basic earnings per share – weighted average shares</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>12,012,765</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,096,372</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">11,977,174</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Effect of dilutive securities:</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 5em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Stock options and other share
awards</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>178,991</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">228,873</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">241,242</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 1px; border-top-style: solid; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 3em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Denominator for diluted earnings per share</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>12,191,756</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,325,245</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">12,218,416</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Earnings per share – basic</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.40</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.38</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.66</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Earnings per share – diluted</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td align="right" valign="bottom"><b>1.38</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.36</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td align="right" valign="bottom">1.63</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td valign="bottom">
<p style="border-top-width: 3px; border-top-style: double; border-top-color: #000000;"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">Diluted earnings per share do not
include the effect of certain stock options as their impact would be anti-dilutive. Approximately 155,000, 10,000 and 120,200 stock options were not included in the computation of diluted earnings per share for the years ended March 31, 2015, 2014 and 2013 respectively, because their effect would have been anti-dilutive.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>Share-Based Payments</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The grant date fair value of share awards is recognized in earnings over the requisite service period (presumptively the vesting period). The Company estimates the fair value of option awards using the Black-Scholes option pricing model. The risk-free interest rate is based upon a U.S. Treasury instrument with a life that is similar to the expected term of the options. Expected volatility is based upon the historical volatility for the previous period equal to the expected term of the options. The expected term is based upon the average life of previously issued options. The expected dividend yield is based upon the yield expected on date of grant to occur over the term of the option. The fair value of non-vested restricted and performance shares are measured at the market price of a share on a grant date.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The pool of excess tax benefits available to absorb future tax deficiencies is based on increases to shareholders’ equity related to tax benefits from share-based compensation, combined with the tax on the cumulative incremental compensation costs previously included in pro forma net income disclosures as if the Company had applied the fair-value method to all awards.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Fair Value Measurements</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The Company measures specific assets and liabilities at fair value, which is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When applicable, the Company utilizes market data or assumptions that market participants would use in pricing the asset or liability under a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions (see Note 7).</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Financial Instruments and Concentrations</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">The Company’s financial instruments consist of cash, finance receivables, accrued interest, the line of credit and, interest rate swap agreements. Financial instruments that are exposed to concentrations of credit risk are primarily finance receivables and cash.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">As of March 31, 2015, the Company operated in sixteen states through sixty-six branch locations. Florida represented 32% of the finance receivables total as of March 31, 2015. Ohio represented 14%, Georgia represented 10% and North Carolina represented 9% of the finance receivables total as of March 31, 2015. Of the remaining twelve states, no one state represented more than 5% of the total finance receivables. The Company provides credit during the normal course of business and performs ongoing credit evaluations of its customers.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Company maintains reserves for potential credit losses which, when realized, have been within the range of management’s expectations. The Company perfects a primary security interest in all vehicles financed as a form of collateral.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The combined account balances the Company maintains at financial institutions typically exceed federally insured limits, and there is a concentration of credit risk related to accounts on deposit in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes this risk of loss is not significant.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Interest Rate Swap Agreements</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Interest rate swap agreements are reported as either assets or liabilities in the consolidated balance sheet at fair value. Interest rate swap agreements are not designated as cash-flow hedges, and accordingly the changes in the fair value are recorded in earnings. The Company does not use interest rate swap agreements for speculative purposes (see Note 6).</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Statements of Cash Flows</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Cash paid for income taxes for the years ended March 31, 2015, 2014 and 2013 was approximately $7,304,000, $10,837,000 and $11,273,000, respectively. Cash paid for interest, including debt origination costs for the years ended March 31, 2015, 2014 and 2013 was approximately $6,124,000, $5,673,000 and $5,043,000, respectively.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>Recent Accounting Pronouncements</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method. The Company will be evaluating the effect that the ASU will have on the consolidated financial statements and related disclosures.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” The guidance requires an entity to evaluate whether there are conditions or events, in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued and to provide related footnote disclosures in certain circumstances. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments is permitted. The Company does not believe the adoption of this ASU will have a significant impact on the consolidated financial statements.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Company does not believe there are any other recently issued accounting standards that have not yet been adopted that will have a material impact on the Company’s consolidated financial statements.</p>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="38%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 38.85pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Fiscal Year</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>Date Declared</b></font></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>Record Date</b></font></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>Date Paid</b></font></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Amount of<br />Dividend</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2014</font></p>
</td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">May 7, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">June 21, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">June 28, 2013</font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">August 13, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">September 20, 2013</font></td>
<td valign="bottom">  </td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">September 27, 2013</font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.24</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2013</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">May 2, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">May 30, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">June 6, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.10</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new
roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">August 8, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">August 30, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">September 6, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">November 9, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">November 30, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 6, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 11, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 21, 2012</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">December 28, 2012</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.00</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">February 19, 2013</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">March 22, 2013</font></td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">March 29, 2013</font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.46</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="40%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Automobiles</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">3 years</font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Equipment</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">5 years</font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Furniture and fixtures</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom"><font style="font-family: times new roman,times;" size="2">7 years</font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Leasehold improvements</font></p>
</td>
<td valign="bottom"></td>
<td align="center" valign="bottom" nowrap="nowrap"><font style="white-space: nowrap; ; font-family: times new roman,times;" size="2">Lesser of lease term or useful life (generally 6 - 7 years)</font></td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="61%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2"><b>Fiscal Year ended March 31,</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Numerator for earnings per share – net income</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>16,855,892</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,703,352</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">19,940,946</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Denominator:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Denominator for basic earnings per share – weighted average shares</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,012,765</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,096,372</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,977,174</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Effect of dilutive securities:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 5em;"><font style="font-family: times new roman,times;" size="2">Stock options and other share awards</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;"
size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>178,991</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">228,873</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">241,242</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Denominator for diluted earnings per share</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,191,756</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,325,245</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,218,416</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Earnings per share – basic</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.40</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.38</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.66</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Earnings per share – diluted</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.38</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.36</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td
valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.63</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="55%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, gross contract</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>447,042,854</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">413,613,292</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">386,940,093</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Unearned interest</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(136,895,592</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(121,996,483</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(111,121,493</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net of unearned interest</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>310,147,262</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">291,616,809</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">275,818,600</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Unearned dealer discounts</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(17,779,690</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family:
times new roman,times;" size="2">(17,214,269</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(16,415,169</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net of unearned interest and unearned dealer discounts</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>292,367,572</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">274,402,540</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">259,403,431</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(11,325,222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(12,889,082</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(16,090,652</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Indirect finance receivables, net</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>281,042,350</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">261,513,458</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">243,312,779</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color:
#000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;">Direct finance receivables, gross contract</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;"><b>10,931,904</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">10,730,901</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">8,781,637</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;">Unearned interest</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;"><b>(2,367,404</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">(2,310,486</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">(1,800,698</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;">Direct finance receivables, net of unearned interest</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;"><b>8,564,500</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">8,420,415</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">6,980,939</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;">Allowance for credit losses</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;"><b>(702,790</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">(590,278</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;">) </font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new
roman,times;">(467,917</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;">Direct finance receivables, net</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;"><b>7,861,710</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">7,830,137</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;">6,513,022</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="58%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at beginning of year</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>12,889,082</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,090,652</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">19,499,208</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>20,008,166</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">14,693,841</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13,252,382</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Losses absorbed</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(25,041,833</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(21,690,010</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(19,851,080</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Recoveries</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,469,807</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,794,599</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,190,142</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style:
solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at end of year</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>11,325,222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,889,082</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,090,652</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="67%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at beginning of year</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>590,278</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">467,917</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">492,184</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>362,364</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">285,375</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">139,493</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Losses absorbed</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(278,333</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(192,156</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(190,871</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Recoveries</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>28,481</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">29,142</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">27,111</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style:
solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Balance at end of year</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>702,790</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">590,278</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">467,917</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="50%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="6"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Contracts</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Direct Loans</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Contracts</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Direct Loans</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Performing accounts</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">438,317,584</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,855,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">405,691,402</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,656,685</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-performing accounts</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,765,425</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">56,636</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,840,819</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">47,860</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Total</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family:
times new roman,times;" size="2">443,083,009</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,911,845</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">410,532,221</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,704,545</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Chapter 13 bankrupt accounts, net of unearned interest</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,959,845</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,059</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,081,071</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">26,356</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Finance receivables, gross contract</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">447,042,854</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,931,904</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">413,613,292</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,730,901</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="50%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 33.75pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Contracts</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Gross Balance</b></font><br /><font style="font-family: times new roman,times;" size="2"><b>Outstanding</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>30 – 59 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>60 – 89 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>90 + days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Total</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>443,083,009</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>13,694,370</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,435,332</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,330,093</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>18,459,795</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3.09</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.78</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.30</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>4.17</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new
roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">410,532,221</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,713,021</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,944,228</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,896,591</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">16,553,840</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.85</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.72</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.46</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4.03</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2013</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">386,324,595</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,421,500</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,631,617</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,188,160</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">14,241,277</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.70</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.68</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.31</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.69</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
<td height="16" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 44.2pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Direct Loans</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Gross Balance<br />Outstanding</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom"
colspan="2"><font style="font-family: times new roman,times;" size="2"><b>30 – 59 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>60 – 89 days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>90 + days</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Total</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>10,911,845</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>122,718</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>41,984</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>14,652</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>179,354</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.12</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.39</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.13</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1.64</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>% </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,704,545</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">143,624</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">25,345</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">22,515</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">191,484</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td
valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.34</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.21</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.78</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">March 31, 2013</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,781,637</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">72,364</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">21,509</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13,790</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">107,663</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.82</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.25</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.16</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="66%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Cost</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Accumulated<br />Depreciation</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Net Book<br />Value</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Automobiles</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>613,222</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>364,685</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>248,537</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Equipment</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>906,406</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>515,922</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>390,484</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Furniture and fixtures</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>485,696</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>390,864</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>94,832</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Leasehold improvements</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font
style="font-family: times new roman,times;" size="2"><b>1,103,259</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>964,978</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>138,281</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,108,583</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2,236,449</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>872,134</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2014</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Automobiles</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">616,512</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">289,419</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">327,093</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Equipment</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">914,347</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">625,310</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">289,037</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr
style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Furniture and fixtures</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">463,395</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">364,634</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">98,761</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Leasehold improvements</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,118,142</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">963,340</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">154,802</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,112,396</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,242,703</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">869,693</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="75%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">2014</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Periodic change in fair value of interest rate swap agreements</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(364,378</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">688,455</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Periodic settlement differentials included in interest expense</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(392,797</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(383,028</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">(Loss) gain recognized in income</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(757,175</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">305,427</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="87%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>2015</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom" colspan="2"><b>2014</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Average variable rate received</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.16</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.18</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: 'times new roman';">Average fixed rate paid</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><b> </b></td>
<td align="right" valign="bottom"><b>0.94</b></td>
<td valign="bottom" nowrap="nowrap"><b>% </b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom">0.94</td>
<td valign="bottom" nowrap="nowrap">% </td>
</tr>
</table>
<div> </div>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="68%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2">Fair Value Measurement Using</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 39.5pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Description</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 1</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 2</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 3</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Fair</font><br /><font style="font-family: times new roman,times;" size="2">Value</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Interest rate swap agreements:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015 – liability:</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(180,775</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(180,775</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014 – asset:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">183,603</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">183,603</font></td>
<td valign="bottom"
nowrap="nowrap">  </td>
</tr>
</table>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="50%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="10"><font style="font-family: times new roman,times;" size="2">Fair Value Measurement Using</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>Description</b></font></td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 1</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 2</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Level 3</font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2">Fair</font><br /><font style="font-family: times new roman,times;" size="2">Value</font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Cash:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,388,193</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,388,193</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,635,036</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,635,036</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Finance
receivables:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>288,904,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>288,904,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">269,344,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">269,344,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Line of credit:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2"><b>March 31, 2015</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>199,000,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>199,000,000</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"
nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">127,900,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">127,900,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Current:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Federal</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>7,688,428</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,709,338</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,187,010</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">State</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,196,034</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,393,675</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,661,860</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 5em;"><font style="font-family: times new roman,times;" size="2">Total current</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,884,462</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">10,103,013</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,848,870</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Deferred:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Federal</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>308,090</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,474,425</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">598,674</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">State</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>47,927</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">235,940</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">97,665</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 5em;"><font style="font-family: times new roman,times;" size="2">Total deferred</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>356,017</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,710,365</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">696,339</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Income tax expense</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>9,240,479</b></font></td>
<td
valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,813,378</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,545,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="74%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Allowance for credit losses not currently deductible for tax purposes</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>5,552,437</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,106,725</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Share-based compensation</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>514,259</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">443,623</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Interest rate swap agreements</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>69,201</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(70,283</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Other items</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>224,682</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">236,531</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Deferred income taxes</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>6,360,579</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,716,596</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td
valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 84%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2014</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for income taxes at Federal statutory rate</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>9,133,730</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9,980,855</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,370,154</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Increase (decrease) resulting from:</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">State income taxes, net of Federal benefit</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>808,574</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,059,249</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,143,692</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Transaction costs</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>(733,689</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>) </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">733,689</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Other</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>31,864</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">39,585</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">31,363</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td
valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Income tax expense</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>9,240,479</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">11,813,378</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12,545,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 76%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="82%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2015</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>2013</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Risk-free interest rate</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.68</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.71</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Weighted average expected original term</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5 years</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5 years</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Expected volatility</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">48</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Expected dividend yield</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.65</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.20</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">% </font></td>
</tr>
</table>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="62%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 27.05pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Options</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Shares</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Exercise<br />Price</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Aggregate<br />Intrinsic<br />Value</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Outstanding at March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">372,881</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5.45</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Granted</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">145,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13.62</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Exercised</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(150,911</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2.58</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Forfeited</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(3,480</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9.49</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p
style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Outstanding at March 31, 2015</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">363,490</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9.86</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6.53</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,537,174</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Exercisable at March 31, 2015</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">166,957</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6.27</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3.95</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,292,143</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="60%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 85.75pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Restricted Share Awards</b></font></p>
</td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Shares</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Grant Date<br />Fair Value</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Term</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Aggregate<br />Intrinsic<br />Value</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-vested at March 31, 2014</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">50,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12.92</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Granted</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">44,000</font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">14.22</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Vested</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">(5,000</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">) </font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">12.87</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Forfeited</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td
valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-vested at March 31, 2015</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">89,000</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">13.56</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1.64</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,246,890</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 68%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="85%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom" nowrap="nowrap">
<p style="width: 101.7pt; font-family: 'times new roman'; font-size: 8pt; border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2"><b>Fiscal Year ending March 31:</b></font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom" colspan="2"> </td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2016</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,936,435</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2017</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,290,195</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2018</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">901,413</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2019</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">622,110</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">2020</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">398,862</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5,149,015</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
<table align="center" style="width: 92%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; font-size: 10pt; word-spacing: 0px; border-collapse: collapse; widows: 1; -webkit-text-stroke-width: 0px;" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="52%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="14"><font style="font-family: times new roman,times;" size="2"><b>Fiscal Year ended March 31, 2015</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>First<br />Quarter</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Second<br />Quarter</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Third<br />Quarter</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Fourth<br />Quarter</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Total revenue</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>21,332,514</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>21,723,072</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>21,800,765</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>21,933,607</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Interest expense</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,448,585</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,485,193</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,457,919</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,578,737</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>4,231,815</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>5,154,235</b></font></td>
<td
valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>5,796,648</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>5,187,832</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-interest expense</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,920,889</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,088,886</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,407,719</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>8,935,129</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Operating income before income taxes</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>6,731,225</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>6,994,758</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>6,138,479</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>6,231,909</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Income tax expense</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>1,822,037</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2,665,057</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;"
size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2,368,923</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>2,384,462</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Net income</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>4,909,188</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>4,329,701</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,769,556</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>3,847,447</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Earnings per share:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Basic</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.40</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.36</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.31</b></font></td>
<td valign="bottom"
nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.34</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Diluted</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.40</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.35</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.30</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2"><b>0.33</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>  </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Dividends per share</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>$</b></font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b>—  </b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2"><b> </b></font></td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color:
#000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-size: 1pt;">
<td height="16"></td>
<td height="16" colspan="16"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="14"><font style="font-family: times new roman,times;" size="2"><b>Fiscal Year ended March 31, 2014</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 8pt;">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>First<br />Quarter</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Second<br />Quarter</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Third<br />Quarter</b></font></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td align="center" style="border-bottom-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid;" valign="bottom" colspan="2"><font style="font-family: times new roman,times;" size="2"><b>Fourth<br />Quarter</b></font></td>
<td valign="bottom"> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Total revenue</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,475,735</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,948,924</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,761,230</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">20,443,054</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Interest expense</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,404,906</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,442,898</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,441,175</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">1,389,209</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Provision for credit losses</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,641,791</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,973,104</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,183,035</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,181,286</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size:
10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Non-interest expense</font></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">7,163,565</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,329,886</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">8,477,233</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9,484,125</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Operating income before income taxes</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">9,265,473</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">7,203,036</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">6,659,787</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5,388,434</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Income tax expense</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,564,980</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,886,484</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,833,019</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,528,895</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 1px; border-top-style: solid;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Net income</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">5,700,493</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">4,316,552</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;"
size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">3,826,768</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">2,859,539</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Earnings per share:</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Basic</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.47</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.36</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.32</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.24</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 3em;"><font style="font-family: times new roman,times;" size="2">Diluted</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.46</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.35</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.31</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.23</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color:
#000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
<tr style="font-family: 'times new roman'; font-size: 10pt;" bgcolor="#cceeff">
<td valign="top">
<p style="text-indent: -1em; font-family: 'times new roman'; font-size: 10pt; margin-left: 1em;"><font style="font-family: times new roman,times;" size="2">Dividends per share</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom"><font style="font-family: times new roman,times;" size="2">0.12</font></td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">$</font></td>
<td align="right" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman,times;" size="2">—  </font></td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px;">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td valign="bottom">
<p style="border-top-color: #000000; border-top-width: 3px; border-top-style: double;"> </p>
</td>
<td> </td>
</tr>
</table>
0.10
0.12
0.12
2.00
0.12
2.46
0.12
0.12
0.24
3 years
5 years
7 years
Lesser of lease term or useful life (generally 6 - 7 years)
11977174
12096372
12012765
241242
228873
178991
12218416
12325245
12191756
0.05
155001000
169071000
11273000
10837000
7304000
5043000
5673000
6124000
0.0854
0.0844
0.0808
less than 1%
120200
10000
155000
0.32
0.14
0.10
0.09
Of the remaining twelve states, no one state represented more than 5% of the total finance receivables.
16
66
386940093
8781637
413613292
10730901
447042854
10931904
111121493
1800698
121996483
2310486
136895592
2367404
275818600
6980939
291616809
8420415
310147262
8564500
16415169
17214269
17779690
259403431
274402540
292367572
16090652
467917
12889082
590278
11325222
702790
19499208
492184
19851080
190871
21690010
192156
25041833
278333
3190142
27111
3794599
29142
3469807
28481
10421500
72364
11713021
143624
13694370
122718
0.027
0.0082
0.0285
0.0134
0.0309
0.0112
2631617
21509
2944228
25345
3435332
41984
0.0068
0.0025
0.0072
0.0023
0.0078
0.0039
1188160
13790
1896591
22515
1330093
14652
0.0031
0.0016
0.0046
0.0021
0.003
0.0013
14241277
107663
16553840
191484
18459795
179354
0.0369
0.0123
0.0403
0.0178
0.0417
0.0164
P72M
P12M
0.2308
0.2632
0.2286
0.2614
0.02
0.96
P61D
P61D
P120D
3112396
616512
914347
463395
1118142
3108583
613222
906406
485696
1103259
2242703
289419
625310
364634
963340
2236449
364685
515922
390864
964978
150000000
225000000
0.03
1-month LIBOR
0.01
0.0400
0.0400
127900000
199000000
22100000
26000000
25000000
25000000
688455
-364378
383028
392797
305427
-757175
0.0018
0.0016
0.01
0.0087
0.0094
0.0094
2
P5Y
P5Y
1-month LIBOR rate
1-month LIBOR rate
-180775
-180775
269344000
269344000
288904000
288904000
127900000
127900000
199000000
199000000
10187010
8709338
7688428
1661860
1393675
1196034
11848870
10103013
8884462
598674
1474425
308090
97665
235940
47927
6106725
5552437
443623
514259
-70283
69201
236531
224682
11370154
9980855
9133730
1143692
1059249
808574
733689
-733689
31363
39585
31864
0.3861
0.4143
0.3541
2096000
0.0071
0.0168
P5Y
P5Y
0.48
0.23
0.0320
0.0365
363490
372881
145000
145000
3480
166957
9.86
5.45
1.88
13.62
2.58
9.49
6.27
P6Y6M11D
P10Y
P3Y11M12D
1537174
1292143
89000
50000
44000
5000
13.56
12.92
14.22
12.87
P1Y7M20D
1246890
3
1551000
1072500
P3Y
P5Y
Black-Scholes option-pricing model
685000
699000
1829000
6500
7000
7000
1936435
1290195
901413
622110
398862
5149015
1933000
1995000
2128000
7163565
8329886
8477233
9484125
8920889
8088886
8407719
8935129
70408854
4713804
4713804
12220874
7701981
7701981
183603
183603
2635036
2635036
3388193
3388193
P48M
P6M
P72M
P12M
4700000
70409000
70408854
0.380
-4713804
-70408854
-70408854
25000
25000
318393
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>5. Line of Credit</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">On January 31, 2015 the Company executed an amendment with its consortium of lenders. Included in the amendment was an increase in the size of the credit facility (the “Line”) from $150,000,000 to $225,000,000 once the tender offer (see Note 1) became effective which was executed on March 13, 2015. The pricing of the Line, which did not change, expires on January 30, 2018, is 300 basis points above 1-month LIBOR with a 1% floor on LIBOR (4.00% at March 31, 2015 and March 31, 2014). Pledged as collateral for this Line are all of the assets of the Company. The outstanding amount of the Line was $199,000,000 and $127,900,000 as of March 31, 2015 and March 31, 2014, respectively. The amount available under the Line was approximately $26,000,000 and $22,100,000 as of March 31, 2015 and March 31, 2014, respectively.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The Line requires compliance with certain financial ratios and covenants and satisfaction of specified financial tests, including maintenance of asset quality and performance tests. Dividends do not require consent in writing by the agent and majority lenders under the new Line as long as the Company is in compliance with a net income covenant. As of March 31, 2015, the Company was in full compliance with all debt covenants.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><b>Tender Offer</b></p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">On March 19, 2015, the Company announced the final results of the modified “Dutch auction” tender offer for the purchase of approximately 4.7 million shares of the Company’s common shares by its principal operating subsidiary. The tender offer expired on March 13, 2015. Total payments for common shares, including costs were approximately $70,409,000. Such costs were recorded as an increase to treasury stock, reducing shareholders’ equity.</p>
<p style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt;">The aggregate number of common shares purchased in the tender offer by Nicholas represented approximately 38.0% of the Company’s outstanding common shares as of March 17, 2015. Following settlement of the tender offer, the Company had approximately 7,701,981 common shares outstanding.</p>
1
413613292
10730901
447042854
10931904
386324595
8781637
410532221
10704545
443083009
10911845
438317584
4765425
10855209
56636
3959845
20059
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2013-08-13
2013-09-20
2013-09-27
0001000045nick:DateDeclaredMay72013Member2013-04-012014-03-31
2013-05-07
2013-06-21
2013-06-28
0001000045nick:DateDeclaredMay22012Member2012-04-012013-03-31
2012-05-02
2012-05-30
2012-06-06
0001000045nick:DateDeclaredAugust82012Member2012-04-012013-03-31
2012-08-08
2012-08-30
2012-09-06
0001000045nick:DateDeclaredNovember92012Member2012-04-012013-03-31
2012-11-09
2012-11-30
2012-12-06
0001000045nick:DateDeclaredDecember112012Member2012-04-012013-03-31
2012-12-11
2012-12-21
2012-12-28
0001000045nick:DateDeclaredFebruary192013Member
2012-04-012013-03-31
2013-02-19
2013-03-22
2013-03-29
0001000045us-gaap:PerformingFinancingReceivableMember
us-gaap:CustomerContractsMember
us-gaap:FinanceReceivablesMember
2014-03-31
405691402
0001000045us-gaap:NonperformingFinancingReceivableMemberus-gaap:CustomerContractsMemberus-gaap:FinanceReceivablesMember2014-03-31
4840819
0001000045nick:BankruptAccountsFinancingReceivableMemberus-gaap:CustomerContractsMemberus-gaap:FinanceReceivablesMember2014-03-31
3081071
0001000045us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerLoanMemberus-gaap:FinanceReceivablesMember2014-03-31
10656685
0001000045us-gaap:NonperformingFinancingReceivableMember
us-gaap:ConsumerLoanMember
us-gaap:FinanceReceivablesMember
2014-03-31
47860
0001000045nick:BankruptAccountsFinancingReceivableMemberus-gaap:ConsumerLoanMemberus-gaap:FinanceReceivablesMember2014-03-31
26356
150911
0001000045us-gaap:MinimumMemberus-gaap:EmployeeStockOptionMember2014-04-012015-03-31
0.35
0001000045us-gaap:MaximumMemberus-gaap:EmployeeStockOptionMember2014-04-012015-03-31
10.96
3480
3.60
10.87
700000
267000
262000
0001000045us-gaap:EmployeeStockOptionMember2015-03-31
374000
P3Y3M6D
0001000045us-gaap:RestrictedStockMember2014-04-012015-03-31
44000
0001000045us-gaap:RestrictedStockMember2015-03-31
581000
P1Y7M20D
P48M
P6M