| Cash Flow for Harrington West Financial Group Inc. (HWFG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 4,168 | 8,228 | 8,336 | 8,209 | 7,413 | | Provision for Loan Loss | 650 | 565 | 435 | 650 | 790 | | Depreciation & Amortization | 2,025 | 3,550 | 4,041 | 4,375 | 5,274 | | Deferred Income Taxes | (1,045) | 505 | 1,023 | 781 | (1,464) | | Change in Assets (Receivables) | 1,298 | (2,331) | (1,456) | (2,271) | 492 | | Change in Liabilities (Payables) | (429) | (2,321) | (507) | (1,684) | 2,791 | | Investment Securities Gain | (460) | 616 | (933) | (690) | (1,487) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | - | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | 615 | 139 | - | (250) | 963 | | Other Non-Cash Items | 683 | (1,365) | 163 | 840 | (2,759) | | Net Cash from Operating Activities | 7,505 | 7,586 | 11,102 | 9,960 | 12,013 | | | | Proceeds from Sale/Mat. Inv. | 134,927 | 140,601 | 146,278 | 119,924 | 179,249 | | Purchase of Investment Securities | (197,533) | (63,875) | (105,207) | (154,529) | (255,527) | | Net Increase Fed. Funds Sold | 2,867 | 2,557 | (555) | (1,152) | (1,102) | | Purchase of Property & Equipment | (2,588) | (5,466) | (2,414) | (3,463) | (2,867) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (27,295) | (85,381) | (94,737) | (81,505) | (69,688) | | Net Cash from Investing Activities | (89,622) | (11,564) | (56,635) | (120,725) | (149,935) | | | Net Change in Deposits | 103,576 | 63,612 | 70,963 | 27,504 | 45,745 | | Cash Dividends paid | (3,764) | (2,722) | (2,515) | (4,645) | (1,127) | | Repayment of Long Term Debt | (10,000) | (62,000) | - | - | (11,300) | | Change in Short Term Debt | (15,160) | 6,128 | (20,676) | 67,462 | 92,715 | | Issuance of Long term Debt | - | - | 3,000 | 10,310 | 15,464 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 720 | 826 | 835 | 516 | 69 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 75,372 | 5,844 | 51,607 | 101,147 | 141,566 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (6,745) | 1,866 | 6,074 | (9,618) | 3,644 | | | Cash at Beginning of Period | 21,178 | 19,312 | 13,238 | 22,856 | 19,212 | | Cash at End of Period | 14,433 | 21,178 | 19,312 | 13,238 | 22,856 | | | |
