| Cash Flow for Bancinsurance Corp. (BCIS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 3,004 | 5,475 | 6,294 | (8,501) | 3,910 | | Provision for Loan Loss | - | - | - | - | - | | Depreciation & Amortization | 507 | 621 | 621 | 712 | 458 | | Deferred Income Taxes | (734) | (55) | 1,697 | (2,351) | 294 | | Change in Assets (Receivables) | (2,622) | (3,653) | (2,564) | 9,579 | (16,546) | | Change in Liabilities (Payables) | 29,950 | (11,928) | 9,993 | 9,070 | 33,521 | | Investment Securities Gain | 1,110 | (2,568) | (1,282) | (1,094) | (822) | | Net Policy Acquisition Cost | 395 | 224 | (2,455) | (2,262) | (2,308) | | Realized Investment Gains | - | - | 1 | (0) | - | | Net Premiums Receivables | (2,943) | 869 | 2,507 | 2,750 | (4,751) | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (16,726) | - | - | 754 | - | | Net Cash from Operating Activities | 11,941 | (11,014) | 14,813 | 8,658 | 13,756 | | | | Proceeds from Sale/Mat. Inv. | 33,423 | 50,400 | 47,806 | 28,951 | 39,524 | | Purchase of Investment Securities | (42,683) | (41,778) | (65,020) | (53,652) | (54,280) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | 45 | - | - | - | - | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | - | (352) | 3,639 | 16,132 | (4,884) | | Net Cash from Investing Activities | (9,215) | 8,270 | (13,576) | (8,569) | (19,641) | | | Net Change in Deposits | - | - | - | - | - | | Cash Dividends paid | - | - | - | - | - | | Repayment of Long Term Debt | - | - | (500) | (3,000) | (8,000) | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | - | - | - | 3,500 | 5,900 | | Issuance of Preferred Stock | - | - | - | - | 7,000 | | Issuance of Common Stock | 334 | 39 | - | 253 | - | | Purchase of Treasury Stock | (732) | - | - | - | (372) | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | (398) | 39 | (500) | 753 | 4,528 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 2,328 | (2,706) | 738 | 842 | (1,356) | | | Cash at Beginning of Period | 1,823 | 4,529 | 3,791 | 2,950 | 4,306 | | Cash at End of Period | 4,151 | 1,823 | 4,529 | 3,791 | 2,950 | | | |
