| Cash Flow for First Bancorp (FBNC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 21,810 | 19,302 | 16,090 | 20,114 | 19,417 | | Provision for Loan Loss | 5,217 | 4,923 | 3,040 | 2,905 | 2,680 | | Depreciation & Amortization | 3,609 | 3,281 | 3,085 | 2,693 | 2,822 | | Deferred Income Taxes | (422) | (1,341) | (156) | (217) | 425 | | Change in Assets (Receivables) | 3,370 | (3,175) | (244) | 1,586 | (1,309) | | Change in Liabilities (Payables) | (2,734) | 1,510 | 7,103 | 1,714 | (668) | | Investment Securities Gain | (487) | (205) | (5) | (299) | (218) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | (77) | (429) | (2) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 200 | 763 | 61 | (181) | 18,322 | | Net Cash from Operating Activities | 30,563 | 25,058 | 28,897 | 27,886 | 41,469 | | | | Proceeds from Sale/Mat. Inv. | 87,775 | 49,401 | 27,903 | 46,766 | 50,508 | | Purchase of Investment Securities | (95,163) | (67,119) | (55,644) | (31,061) | (73,980) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (4,264) | (10,867) | (7,212) | (7,335) | (3,666) | | Acquisitions | - | - | - | - | (2,820) | | Other Investment Changes, Net | (159,531) | (221,139) | (119,789) | (151,054) | (87,409) | | Net Cash from Investing Activities | (171,183) | (249,724) | (154,742) | (142,684) | (117,367) | | | Net Change in Deposits | 139,017 | 166,871 | 139,339 | 139,404 | 32,580 | | Cash Dividends paid | (10,923) | (10,423) | (9,761) | (9,138) | (8,670) | | Repayment of Long Term Debt | - | - | - | - | - | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 32,381 | 109,774 | 8,000 | 15,000 | 44,000 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 568 | 2,584 | 2,389 | 2,547 | 2,444 | | Purchase of Treasury Stock | (532) | (1,112) | - | (6,528) | (5,195) | | Other Financing Activities | 41 | 117 | - | - | - | | Cash from Financing Activities | 160,552 | 267,811 | 139,967 | 141,285 | 65,159 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 19,932 | 43,145 | 14,122 | 26,487 | (10,739) | | | Cash at Beginning of Period | 146,668 | 103,523 | 89,401 | 62,914 | 73,653 | | Cash at End of Period | 166,600 | 146,668 | 103,523 | 89,401 | 62,914 | | | |
