| Cash Flow for Bay National Corp. (BAYN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 937 | 2,430 | 2,744 | 802 | 8 | | Provision for Loan Loss | 2,126 | 203 | 1,179 | 560 | 415 | | Depreciation & Amortization | 291 | 250 | 193 | 185 | 175 | | Deferred Income Taxes | (804) | (55) | (1,083) | - | - | | Change in Assets (Receivables) | (9,844) | 16,343 | (977) | (188) | (118) | | Change in Liabilities (Payables) | (1,006) | 533 | 948 | 278 | 95 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (450) | (554) | (512) | (245) | (370) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 168 | 65 | (7,430) | (8,428) | 2,265 | | Net Cash from Operating Activities | (8,582) | 19,216 | (4,938) | (7,036) | 2,470 | | | | Proceeds from Sale/Mat. Inv. | 2,200 | 6,000 | 6,200 | 6,200 | 5,700 | | Purchase of Investment Securities | (1,878) | (5,107) | (6,289) | (6,177) | (6,285) | | Net Increase Fed. Funds Sold | (598) | (323) | (99) | (75) | (125) | | Purchase of Property & Equipment | (402) | (624) | (347) | (177) | (118) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (19,143) | (34,518) | (40,656) | (40,038) | (33,314) | | Net Cash from Investing Activities | (19,820) | (34,571) | (41,191) | (40,267) | (34,142) | | | Net Change in Deposits | (22,167) | 41,576 | 28,646 | 45,396 | 32,452 | | Cash Dividends paid | (0) | - | - | - | - | | Repayment of Long Term Debt | - | - | (1,250) | - | - | | Change in Short Term Debt | - | 101 | 63 | 159 | 715 | | Issuance of Long term Debt | - | - | 8,000 | 1,250 | - | | Issuance of Preferred Stock | 23,827 | - | - | - | - | | Issuance of Common Stock | 19 | 83 | 51 | 550 | 4,449 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 1,677 | 41,760 | 35,510 | 47,355 | 37,616 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (26,725) | 26,405 | (10,618) | 52 | 5,944 | | | Cash at Beginning of Period | 33,898 | 7,494 | 18,112 | 18,060 | 12,116 | | Cash at End of Period | 7,174 | 33,898 | 7,494 | 18,112 | 18,060 | | | |
