| Cash Flow for Heritage Bankshares Inc. (HBKS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 920 | 180 | 809 | 1,667 | 1,738 | | Provision for Loan Loss | 105 | 64 | 33 | 453 | 40 | | Depreciation & Amortization | 454 | 323 | 538 | 632 | 331 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | 237 | 1,005 | (203) | (1,496) | 3,735 | | Change in Liabilities (Payables) | - | (193) | 286 | 261 | (314) | | Investment Securities Gain | (1) | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (481) | - | (3) | 29 | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (338) | 182 | 30 | 453 | 54 | | Net Cash from Operating Activities | 896 | 1,562 | 1,490 | 1,999 | 5,584 | | | | Proceeds from Sale/Mat. Inv. | 48,429 | 48,049 | 5,326 | 4,569 | 6,429 | | Purchase of Investment Securities | (40,823) | (93,221) | (6,921) | (24,188) | (11,173) | | Net Increase Fed. Funds Sold | 818 | 100 | (468) | - | - | | Purchase of Property & Equipment | (3,219) | (1,498) | (3,462) | (430) | (51) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (15,363) | - | 560 | 14 | (18,981) | | Net Cash from Investing Activities | (10,157) | (46,569) | (4,966) | (20,035) | (23,775) | | | Net Change in Deposits | (2,383) | 15,633 | 39,686 | 8,338 | 14,123 | | Cash Dividends paid | (547) | (446) | (410) | (362) | (267) | | Repayment of Long Term Debt | (18,000) | (10,000) | (22,888) | (42,324) | - | | Change in Short Term Debt | (5,000) | - | - | - | 1,484 | | Issuance of Long term Debt | 25,000 | 5,000 | 31,147 | 44,065 | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 7 | 8,378 | 38 | 596 | 79 | | Purchase of Treasury Stock | - | (29) | - | - | - | | Other Financing Activities | (2,585) | (519) | 2,205 | (3,929) | - | | Cash from Financing Activities | (3,508) | 18,017 | 49,778 | 6,383 | 15,420 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (12,769) | (26,991) | 46,303 | (11,653) | (2,772) | | | Cash at Beginning of Period | 27,189 | 54,180 | 7,877 | 19,530 | 22,302 | | Cash at End of Period | 14,420 | 27,189 | 54,180 | 7,877 | 19,530 | | | |
