The Department of Banking shall have the power to supervise, examine and control a corporation in the same manner as banking organizations are so supervised, examined and controlled by it pursuant to law, except that it shall not be the duty of the department to supervise the investment or lending policies of a corporation. The cost of such supervision and examination shall be borne by a corporation. A corporation shall make an annual report of its condition to the Governor, Legislature and Secretary of Banking on or before March first of each year.