| Cash Flow for Harleysville National Corp. (HNBC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 26,595 | 39,415 | 38,828 | 38,567 | 35,333 | | Provision for Loan Loss | 10,550 | 4,200 | 3,401 | 2,555 | 3,200 | | Depreciation & Amortization | 6,990 | 7,810 | 9,799 | 10,189 | 12,733 | | Deferred Income Taxes | - | - | (5,530) | (3,582) | (2,930) | | Change in Assets (Receivables) | (2,177) | (9,810) | 2,000 | (3,982) | 3,929 | | Change in Liabilities (Payables) | 1,363 | 6,123 | (6,811) | 9,599 | 683 | | Investment Securities Gain | (1,132) | 674 | (4,794) | (3,689) | (6,613) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (2,788) | (12,094) | (977) | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (5,792) | (1,376) | 45 | 7 | 1,015 | | Net Cash from Operating Activities | 33,608 | 34,942 | 35,961 | 49,664 | 47,350 | | | | Proceeds from Sale/Mat. Inv. | 345,639 | 269,605 | 479,323 | 1,615,458 | 1,830,623 | | Purchase of Investment Securities | (347,416) | (278,063) | (454,254) | (1,611,077) | (1,784,799) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | 28,800 | (9,817) | (4,707) | (5,244) | (4,808) | | Acquisitions | (34,010) | (56,997) | (7,431) | - | - | | Other Investment Changes, Net | (83,149) | (84,849) | (151,857) | (303,192) | (82,358) | | Net Cash from Investing Activities | (90,136) | (160,121) | (138,926) | (304,055) | (41,342) | | | Net Change in Deposits | 85,491 | 225,554 | 166,472 | 82,234 | (741) | | Cash Dividends paid | (23,623) | (21,779) | (20,738) | (18,575) | (15,566) | | Repayment of Long Term Debt | (62,003) | (68,000) | - | - | - | | Change in Short Term Debt | (5,771) | 8,327 | (99,788) | 97,831 | (8,850) | | Issuance of Long term Debt | 148,196 | 10,000 | 50,774 | 103,619 | 10,000 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 925 | 5,302 | 4,453 | 5,243 | 2,190 | | Purchase of Treasury Stock | (2,196) | (5,502) | (9,972) | (3,815) | (2,271) | | Other Financing Activities | 42 | 936 | (15) | (13) | - | | Cash from Financing Activities | 141,061 | 154,838 | 91,186 | 266,524 | (15,238) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 84,533 | 29,659 | (11,779) | 12,133 | (9,230) | | | Cash at Beginning of Period | 124,870 | 95,211 | 106,990 | 94,857 | 104,087 | | Cash at End of Period | 209,403 | 124,870 | 95,211 | 106,990 | 94,857 | | | |
