| Cash Flow for First Bancshares Inc. (FBSI) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | 363 | 272 | (173) | 1,317 | 2,347 | | Provision for Loan Loss | 1,291 | 426 | 1,520 | 2,333 | 340 | | Depreciation & Amortization | 863 | 808 | 719 | 777 | 730 | | Deferred Income Taxes | (73) | (99) | 60 | (634) | 20 | | Change in Assets (Receivables) | 1,651 | (114) | 201 | 82 | (27) | | Change in Liabilities (Payables) | 222 | (280) | (338) | 29 | (101) | | Investment Securities Gain | - | (177) | 161 | 4 | (178) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (519) | (67) | 380 | 41 | 33 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | 29 | - | - | (15) | 7 | | Other Non-Cash Items | (174) | 257 | 92 | (970) | (104) | | Net Cash from Operating Activities | 3,653 | 1,026 | 2,623 | 2,964 | 3,067 | | | | Proceeds from Sale/Mat. Inv. | 18,706 | 17,461 | 17,659 | 12,459 | 29,647 | | Purchase of Investment Securities | (21,173) | (19,248) | (15,281) | (11,674) | (28,856) | | Net Increase Fed. Funds Sold | 1 | (2) | - | - | (3) | | Purchase of Property & Equipment | (186) | (532) | (985) | (800) | (733) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (12,068) | (14,050) | 14,174 | 7,391 | 11,593 | | Net Cash from Investing Activities | (14,721) | (16,370) | 15,568 | 7,375 | 11,648 | | | Net Change in Deposits | 4,503 | 10,949 | (8,002) | (20,104) | (4,417) | | Cash Dividends paid | - | (124) | (248) | (254) | (264) | | Repayment of Long Term Debt | - | (3,000) | (7,074) | (1,432) | (231) | | Change in Short Term Debt | 2,544 | - | - | - | - | | Issuance of Long term Debt | - | 3,000 | - | 875 | 450 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | - | 16 | 20 | 243 | | Purchase of Treasury Stock | - | (27) | (26) | (1,599) | (1,037) | | Other Financing Activities | - | 2,103 | - | - | - | | Cash from Financing Activities | 7,047 | 12,901 | (15,335) | (22,493) | (5,257) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (4,020) | (2,443) | 2,856 | (12,154) | 9,459 | | | Cash at Beginning of Period | 21,030 | 23,474 | 20,617 | 32,771 | 23,313 | | Cash at End of Period | 17,010 | 21,030 | 23,474 | 20,617 | 32,771 | | | |
