| Cash Flow for Habersham Bancorp (HABC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,939 | 5,293 | 3,813 | 2,343 | 2,318 | | Provision for Loan Loss | 675 | - | 330 | 482 | 950 | | Depreciation & Amortization | 1,314 | 1,249 | 1,352 | 1,415 | 1,449 | | Deferred Income Taxes | 302 | 189 | (5) | 70 | (207) | | Change in Assets (Receivables) | 1,811 | (1,229) | (1,639) | 1,408 | (498) | | Change in Liabilities (Payables) | (73) | 1,044 | 533 | 90 | (510) | | Investment Securities Gain | (5) | 13 | 6 | (52) | (211) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (865) | (99) | - | (199) | (868) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (48) | (769) | (1,012) | (336) | (707) | | Net Cash from Operating Activities | 6,051 | 5,692 | 3,378 | 5,223 | 1,716 | | | | Proceeds from Sale/Mat. Inv. | 11,292 | 9,446 | 16,727 | 25,489 | 35,727 | | Purchase of Investment Securities | (14,887) | (21,056) | (18,229) | (23,603) | (52,124) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (4,321) | (3,373) | (1,451) | (1,021) | (3,524) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (21,431) | (23,788) | (26,048) | (13,588) | 41,609 | | Net Cash from Investing Activities | (29,348) | (38,772) | (29,002) | (12,723) | 21,688 | | | Net Change in Deposits | (60,362) | 77,867 | 59,814 | 13,357 | (56,926) | | Cash Dividends paid | (2,582) | (1,060) | (930) | (3,702) | (3,379) | | Repayment of Long Term Debt | (4,000) | (12,300) | (10,000) | - | - | | Change in Short Term Debt | 20,298 | (2,546) | 3,578 | (1,342) | 3,803 | | Issuance of Long term Debt | 4,000 | 8,000 | 16,300 | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | 770 | 168 | 364 | 510 | | Purchase of Treasury Stock | (2,190) | - | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | (44,836) | 70,731 | 68,931 | 8,678 | (55,992) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (68,133) | 37,651 | 43,308 | 1,178 | (32,588) | | | Cash at Beginning of Period | 90,518 | 52,866 | 9,559 | 8,381 | 40,969 | | Cash at End of Period | 22,385 | 90,518 | 52,866 | 9,559 | 8,381 | | | |
