| Cash Flow for Bank of Granite Corp. (GRAN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (15,303) | 18,032 | 15,010 | 12,718 | 15,308 | | Provision for Loan Loss | 55,131 | 6,414 | 5,194 | 5,439 | 4,764 | | Depreciation & Amortization | 1,953 | 2,247 | 2,232 | 1,834 | 1,338 | | Deferred Income Taxes | (1,603) | (1,635) | (483) | (1,518) | 83 | | Change in Assets (Receivables) | (20,389) | (840) | (2,237) | 377 | (2,283) | | Change in Liabilities (Payables) | (491) | 2,519 | 3,892 | 957 | (3,779) | | Investment Securities Gain | (1) | (91) | (68) | (14) | (9) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (1,603) | 64 | (164) | (79) | 316 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | (196) | 349 | 1,191 | (1,210) | | Other Non-Cash Items | 15 | 21 | 6,886 | 894 | (177) | | Net Cash from Operating Activities | 17,709 | 26,535 | 30,611 | 21,800 | 14,350 | | | | Proceeds from Sale/Mat. Inv. | 30,252 | 22,731 | 24,657 | 45,967 | 45,876 | | Purchase of Investment Securities | (6,758) | (38,545) | (22,373) | (46,444) | (53,855) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (3,708) | (505) | (3,314) | (2,278) | (2,410) | | Acquisitions | - | - | - | - | 967 | | Other Investment Changes, Net | (88,463) | (90,308) | (60,133) | (68,127) | (49,784) | | Net Cash from Investing Activities | (68,677) | (106,628) | (61,164) | (70,882) | (59,205) | | | Net Change in Deposits | 8,152 | 84,726 | 129,291 | 15,270 | 56,232 | | Cash Dividends paid | (8,239) | (7,485) | (6,979) | (6,621) | (6,209) | | Repayment of Long Term Debt | 2,500 | (6,024) | (13,909) | (1,629) | (7,570) | | Change in Short Term Debt | 40,492 | 3,415 | (44,011) | 46,543 | 8,149 | | Issuance of Long term Debt | - | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 557 | 615 | 164 | 934 | 340 | | Purchase of Treasury Stock | (9,151) | (2,655) | (8,092) | (7,439) | (5,875) | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 34,311 | 72,592 | 56,464 | 47,058 | 45,067 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (16,657) | (7,501) | 25,911 | (2,025) | 211 | | | Cash at Beginning of Period | 49,981 | 57,482 | 31,571 | 33,596 | 33,385 | | Cash at End of Period | 33,324 | 49,981 | 57,482 | 31,571 | 33,596 | | | |
