| Cash Flow for C&F Financial Corp. (CFFI) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 8,480 | 12,129 | 11,788 | 11,198 | 12,919 | | Provision for Loan Loss | 7,130 | 4,625 | 5,520 | 4,026 | 3,167 | | Depreciation & Amortization | 2,563 | 2,007 | 1,549 | 1,446 | 1,689 | | Deferred Income Taxes | (1,112) | (970) | (1,115) | (1,373) | (550) | | Change in Assets (Receivables) | 17,678 | (17,175) | 1,770 | (2,831) | (2,951) | | Change in Liabilities (Payables) | (1,354) | 4,452 | 315 | 1,010 | (4,883) | | Investment Securities Gain | (21) | (105) | (105) | (69) | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | - | - | (412) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 349 | 132 | 8,901 | (18,682) | 77,577 | | Net Cash from Operating Activities | 33,713 | 5,095 | 28,623 | (5,275) | 86,556 | | | | Proceeds from Sale/Mat. Inv. | 6,189 | 7,671 | 11,990 | 48,411 | 13,020 | | Purchase of Investment Securities | (20,235) | (9,987) | (6,142) | (18,719) | (54,517) | | Net Increase Fed. Funds Sold | (2,294) | (217) | 154 | 42 | 688 | | Purchase of Property & Equipment | (2,228) | (6,049) | (12,461) | (4,408) | (2,862) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (75,478) | (57,429) | (76,329) | (48,302) | (24,696) | | Net Cash from Investing Activities | (94,046) | (66,011) | (82,788) | (22,976) | (68,366) | | | Net Change in Deposits | (5,264) | 37,397 | 48,304 | 19,499 | 44,102 | | Cash Dividends paid | (3,769) | (3,657) | (3,339) | (3,202) | (2,592) | | Repayment of Long Term Debt | - | - | - | - | (26,745) | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 60,991 | 12,742 | 24,029 | 10,552 | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 567 | 580 | 503 | 258 | 728 | | Purchase of Treasury Stock | (8,435) | (518) | (17,640) | (3,421) | (2,262) | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 44,090 | 46,544 | 51,857 | 23,686 | 13,230 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (16,243) | (14,372) | (2,308) | (4,565) | 31,420 | | | Cash at Beginning of Period | 28,506 | 42,878 | 45,186 | 49,751 | 18,331 | | Cash at End of Period | 12,263 | 28,506 | 42,878 | 45,186 | 49,751 | | | |
