| Cash Flow for 1st Independence Financial Group Inc. (FIFG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 09/2004 | 09/2003 | | | Net Income | (4,771) | 1,940 | 4,481 | (1,093) | 1,307 | | Provision for Loan Loss | 4,584 | 847 | 354 | 1,203 | 428 | | Depreciation & Amortization | 790 | 668 | 741 | 737 | 345 | | Deferred Income Taxes | (1,401) | (395) | 3 | (768) | (551) | | Change in Assets (Receivables) | 1,907 | 873 | (594) | (1,231) | (318) | | Change in Liabilities (Payables) | (119) | 120 | 507 | 107 | (133) | | Investment Securities Gain | (1) | - | (4,883) | 7 | (43) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (878) | (860) | (885) | 89 | (119) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 3,112 | (178) | 2,037 | 414 | 105 | | Net Cash from Operating Activities | 3,223 | 3,015 | 1,761 | (535) | 1,019 | | | | Proceeds from Sale/Mat. Inv. | 5,702 | 2,489 | 16,906 | 14,803 | 32,649 | | Purchase of Investment Securities | (4,009) | (2,638) | (7,319) | (3,523) | (47,400) | | Net Increase Fed. Funds Sold | - | 498 | - | - | (37) | | Purchase of Property & Equipment | (351) | (855) | (3,635) | (1,929) | (631) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (4,851) | (4,901) | (31,294) | 1,355 | (6,263) | | Net Cash from Investing Activities | (3,509) | (5,407) | (25,342) | 10,706 | (21,682) | | | Net Change in Deposits | 508 | (10,245) | 40,968 | (10,580) | 19,824 | | Cash Dividends paid | (631) | (620) | (754) | (517) | (753) | | Repayment of Long Term Debt | - | (3,000) | (1,000) | (1,391) | (4,017) | | Change in Short Term Debt | (515) | 17,779 | (4,486) | 7,120 | - | | Issuance of Long term Debt | 10,000 | - | - | - | 6,584 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | 494 | 470 | 82 | - | | Purchase of Treasury Stock | (37) | - | - | (197) | (1,992) | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 9,325 | 4,408 | 35,198 | (5,482) | 19,646 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 9,039 | 2,016 | 11,617 | 4,689 | (1,017) | | | Cash at Beginning of Period | 23,579 | 21,563 | 9,946 | 7,375 | 9,556 | | Cash at End of Period | 32,618 | 23,579 | 21,563 | 12,064 | 8,538 | | | |
