| Cash Flow for California First National Bancorp (CFNB) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | 6,981 | 9,888 | 10,722 | 8,175 | 9,809 | | Provision for Loan Loss | 1,165 | (120) | 482 | 359 | 164 | | Depreciation & Amortization | 561 | 601 | 844 | 60 | 204 | | Deferred Income Taxes | 790 | (2,247) | (5,966) | (1,732) | (4,897) | | Change in Assets (Receivables) | (601) | 237 | (269) | (172) | 500 | | Change in Liabilities (Payables) | (718) | (1,169) | (46) | 2,221 | 1,053 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (2,242) | (4,206) | (11,034) | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | 92 | 413 | (4,744) | - | - | | Other Non-Cash Items | (1,547) | (1,153) | (1,486) | 536 | (6,076) | | Net Cash from Operating Activities | 4,481 | 2,244 | (11,497) | 9,447 | 757 | | | | Proceeds from Sale/Mat. Inv. | 2,293 | 209 | 376 | 2,379 | - | | Purchase of Investment Securities | (4,814) | (1,670) | (26) | (31) | (3,201) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | 5,456 | 7,838 | 16,955 | (60) | - | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (27,707) | (13,691) | (39,330) | (37,821) | (13,668) | | Net Cash from Investing Activities | (24,772) | (7,314) | (22,025) | (35,533) | (16,869) | | | Net Change in Deposits | 50,769 | 16,305 | 35,068 | 29,498 | 17,006 | | Cash Dividends paid | (5,408) | (5,147) | (4,677) | (25,497) | (4,394) | | Repayment of Long Term Debt | - | - | - | - | - | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | - | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 3,179 | 868 | 557 | 534 | 1,032 | | Purchase of Treasury Stock | (975) | (1,581) | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 47,565 | 10,445 | 30,948 | 4,535 | 13,644 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 27,274 | 5,375 | (2,574) | (21,551) | (2,468) | | | Cash at Beginning of Period | 44,516 | 40,747 | 43,321 | 64,872 | 67,340 | | Cash at End of Period | 71,790 | 46,122 | 40,747 | 43,321 | 64,872 | | | |
