| Cash Flow for Cecil Bancorp Inc. (CECB) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 3,400 | 2,708 | 2,062 | 1,532 | 1,235 | | Provision for Loan Loss | 935 | 665 | 625 | 370 | 220 | | Depreciation & Amortization | 490 | 333 | 313 | 290 | 139 | | Deferred Income Taxes | (977) | (507) | (430) | (301) | 83 | | Change in Assets (Receivables) | (2,052) | (2,010) | (345) | 100 | 574 | | Change in Liabilities (Payables) | 716 | 2,881 | 696 | 888 | 3 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (114) | (57) | (110) | (199) | (194) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (470) | (169) | (285) | (126) | (1,504) | | Net Cash from Operating Activities | 1,928 | 3,844 | 2,526 | 2,554 | 555 | | | | Proceeds from Sale/Mat. Inv. | 4,776 | 7,521 | 7,038 | 8,072 | 32,373 | | Purchase of Investment Securities | (3,719) | (7,328) | (7,139) | (7,989) | (27,518) | | Net Increase Fed. Funds Sold | (2,368) | 224 | (328) | (1,406) | 201 | | Purchase of Property & Equipment | (3,283) | (428) | (3,504) | (2,983) | (1,364) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (48,326) | (77,692) | (61,139) | (47,951) | (28,347) | | Net Cash from Investing Activities | (52,920) | (77,703) | (65,072) | (52,257) | (24,655) | | | Net Change in Deposits | (3,572) | 72,397 | 57,366 | 22,677 | 18,332 | | Cash Dividends paid | (368) | (374) | (336) | (324) | (317) | | Repayment of Long Term Debt | - | (6,144) | (3,143) | (143) | - | | Change in Short Term Debt | 14,510 | (8,140) | 8,200 | 26,250 | 4,750 | | Issuance of Long term Debt | 39,358 | 17,000 | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | - | 1,920 | 196 | 2,559 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | - | - | (412) | (56) | | Cash from Financing Activities | 49,928 | 74,739 | 64,007 | 48,244 | 25,268 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (1,064) | 880 | 1,461 | (1,459) | 1,168 | | | Cash at Beginning of Period | 6,575 | 5,695 | 4,234 | 5,693 | 4,525 | | Cash at End of Period | 5,511 | 6,575 | 5,695 | 4,234 | 5,693 | | | |
