| Cash Flow for Emclaire Financial Corp (EMCF) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,697 | 1,966 | 2,573 | 2,557 | 2,492 | | Provision for Loan Loss | 256 | 358 | 205 | 290 | 330 | | Depreciation & Amortization | 687 | 895 | 986 | 798 | 772 | | Deferred Income Taxes | 156 | - | - | - | - | | Change in Assets (Receivables) | (344) | (187) | 504 | 61 | (277) | | Change in Liabilities (Payables) | 280 | 253 | 9 | (157) | 575 | | Investment Securities Gain | (207) | (400) | (857) | (701) | (170) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (33) | (58) | (5) | (37) | (47) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (162) | (171) | 216 | 3,365 | (38) | | Net Cash from Operating Activities | 3,330 | 2,656 | 3,631 | 6,176 | 3,637 | | | | Proceeds from Sale/Mat. Inv. | 18,478 | 6,952 | 10,456 | 20,873 | 37,028 | | Purchase of Investment Securities | (18,478) | (2,076) | (4,552) | (28,549) | (37,014) | | Net Increase Fed. Funds Sold | (445) | (444) | (42) | 251 | (684) | | Purchase of Property & Equipment | (609) | (2,684) | (1,300) | (682) | (1,949) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (16,727) | (21,149) | (13,286) | (20) | (21,297) | | Net Cash from Investing Activities | (17,781) | (19,401) | (8,724) | (8,127) | (23,916) | | | Net Change in Deposits | (230) | 13,989 | (2,371) | 15,764 | 12,685 | | Cash Dividends paid | (1,953) | (1,394) | (1,293) | (1,192) | (1,437) | | Repayment of Long Term Debt | 5,400 | (4,500) | - | (5,700) | - | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 5,000 | 15,000 | 4,500 | - | 10,700 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | - | - | - | - | | Purchase of Treasury Stock | - | - | - | - | (1,682) | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 8,217 | 23,095 | 836 | 8,872 | 20,266 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (6,234) | 6,350 | (4,257) | 6,921 | (13) | | | Cash at Beginning of Period | 16,717 | 10,367 | 14,624 | 7,703 | 7,716 | | Cash at End of Period | 10,483 | 16,717 | 10,367 | 14,624 | 7,703 | | | |
