| Cash Flow for Heritage Oaks Bancorp (HEOP) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 6,917 | 6,662 | 6,637 | 4,584 | 596 | | Provision for Loan Loss | 660 | 600 | 710 | 410 | 370 | | Depreciation & Amortization | 1,299 | 1,241 | 1,654 | 1,777 | 1,153 | | Deferred Income Taxes | (2,746) | (220) | (236) | 20 | (363) | | Change in Assets (Receivables) | 301 | (727) | (119) | 111 | 212 | | Change in Liabilities (Payables) | 697 | 158 | 672 | 269 | (5,195) | | Investment Securities Gain | (6) | - | - | (28) | (60) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | 38 | (4) | (712) | (632) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (230) | 1,150 | (1,481) | 1,903 | 7,095 | | Net Cash from Operating Activities | 6,892 | 8,902 | 7,833 | 8,334 | 3,176 | | | | Proceeds from Sale/Mat. Inv. | 6,188 | 7,571 | 14,887 | 17,572 | 40,509 | | Purchase of Investment Securities | (1,103) | (1,190) | (2,588) | (20,307) | (29,120) | | Net Increase Fed. Funds Sold | 643 | - | - | 222 | 332 | | Purchase of Property & Equipment | 12,087 | (3,672) | (3,059) | (1,646) | (3,158) | | Acquisitions | 12,467 | - | - | - | 22,703 | | Other Investment Changes, Net | (46,057) | (79,016) | (27,581) | (60,423) | (36,313) | | Net Cash from Investing Activities | (15,775) | (76,307) | (18,341) | (64,582) | (5,047) | | | Net Change in Deposits | 90,868 | 2,724 | 47,356 | 4,002 | 23,788 | | Cash Dividends paid | (2,128) | (2,601) | - | - | - | | Repayment of Long Term Debt | (57,691) | - | (18,500) | (3,500) | (9,500) | | Change in Short Term Debt | 572 | (2,481) | 3,081 | 306 | 202 | | Issuance of Long term Debt | - | 48,248 | - | - | 3,500 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 416 | 347 | 1,275 | 199 | 445 | | Purchase of Treasury Stock | (215) | - | - | - | - | | Other Financing Activities | 446 | (355) | (12) | (6) | (4) | | Cash from Financing Activities | 32,268 | 45,880 | 33,200 | 1,001 | 18,431 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 23,385 | (21,525) | 22,692 | (55,247) | 16,560 | | | Cash at Beginning of Period | 23,034 | 44,559 | 21,867 | 77,114 | 60,554 | | Cash at End of Period | 46,419 | 23,034 | 44,559 | 21,867 | 77,114 | | | |
