| Cash Flow for Bank of South Carolina Corp. (BKSC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 3,831 | 3,928 | 3,185 | 1,846 | 1,905 | | Provision for Loan Loss | 40 | 240 | 12 | (103) | 9 | | Depreciation & Amortization | 267 | 242 | 275 | 291 | 369 | | Deferred Income Taxes | (29) | (78) | 5 | 16 | 4 | | Change in Assets (Receivables) | 2,184 | (1,283) | (462) | (41) | 447 | | Change in Liabilities (Payables) | (302) | 203 | 252 | 114 | (226) | | Investment Securities Gain | (70) | 23 | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | 2 | - | (36) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (30) | (163) | (2,605) | (379) | (127) | | Net Cash from Operating Activities | 5,892 | 3,113 | 665 | 1,743 | 2,346 | | | | Proceeds from Sale/Mat. Inv. | 12,302 | 27,234 | 76,285 | 56,255 | 28,470 | | Purchase of Investment Securities | (6,450) | (28,005) | (69,700) | (75,451) | (33,916) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (225) | (163) | (162) | (144) | (42) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | 2,249 | (2,550) | (28,643) | (3,894) | 2,487 | | Net Cash from Investing Activities | 7,876 | (3,484) | (22,220) | (23,234) | (3,001) | | | Net Change in Deposits | (17,970) | 17,470 | 18,777 | 12,928 | 21,694 | | Cash Dividends paid | (2,758) | (2,025) | (1,386) | (1,234) | (1,533) | | Repayment of Long Term Debt | - | - | - | - | - | | Change in Short Term Debt | (1,785) | 668 | 582 | 508 | (3,585) | | Issuance of Long term Debt | - | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 214 | 603 | 0 | - | - | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | (4) | (4) | - | (2) | | Cash from Financing Activities | (22,299) | 16,712 | 17,970 | 12,201 | 16,574 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (8,531) | 16,341 | (3,585) | (9,290) | 15,918 | | | Cash at Beginning of Period | 36,613 | 20,273 | 23,857 | 33,147 | 17,229 | | Cash at End of Period | 28,082 | 36,613 | 20,273 | 23,857 | 33,147 | | | |
