| Cash Flow for Beach First National Bancshares Inc (BFNB) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 5,877 | 6,196 | 3,360 | 1,436 | 1,009 | | Provision for Loan Loss | 2,046 | 2,174 | 2,184 | 1,340 | 713 | | Depreciation & Amortization | 1,060 | 519 | 539 | 446 | 429 | | Deferred Income Taxes | (673) | (748) | (45) | (197) | (132) | | Change in Assets (Receivables) | 4,289 | (1,560) | (917) | (640) | 1,584 | | Change in Liabilities (Payables) | 1,994 | 1,809 | 621 | 174 | 146 | | Investment Securities Gain | (8) | 57 | 4 | (37) | (135) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (106) | (577) | - | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 59 | (14,150) | (1,589) | (683) | (243) | | Net Cash from Operating Activities | 14,538 | (6,279) | 4,157 | 1,838 | 3,371 | | | | Proceeds from Sale/Mat. Inv. | 13,612 | 8,654 | 6,149 | 5,034 | 8,021 | | Purchase of Investment Securities | (10,077) | (33,065) | (14,707) | (29,323) | (12,806) | | Net Increase Fed. Funds Sold | 13,445 | 10,596 | (26,224) | 3,640 | (1,350) | | Purchase of Property & Equipment | (2,456) | (7,607) | (2,540) | (658) | (329) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (106,595) | (86,148) | (119,236) | (56,007) | (42,267) | | Net Cash from Investing Activities | (92,070) | (107,571) | (156,559) | (77,313) | (48,730) | | | Net Change in Deposits | 47,841 | 105,463 | 107,725 | 65,069 | 38,234 | | Cash Dividends paid | - | - | - | - | - | | Repayment of Long Term Debt | (5,304) | (25) | - | - | - | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 33,882 | 9,231 | 24,159 | 10,155 | 7,500 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 521 | 98 | 19,978 | 188 | 55 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | 386 | (3) | - | (0) | - | | Cash from Financing Activities | 77,326 | 114,764 | 151,863 | 75,413 | 45,788 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (206) | 914 | (539) | (63) | 429 | | | Cash at Beginning of Period | 5,199 | 4,285 | 4,824 | 4,887 | 4,458 | | Cash at End of Period | 4,993 | 5,199 | 4,285 | 4,824 | 4,887 | | | |
