| Cash Flow for Independence Federal Savings Bank (IFSB) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Net Income | (2,841) | (1,009) | (2,145) | (2,788) | (278) | | Provision for Loan Loss | 40 | (300) | - | - | - | | Depreciation & Amortization | 307 | 147 | 2 | (179) | 1,905 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | 10,212 | 753 | 1,839 | (573) | 381 | | Change in Liabilities (Payables) | (867) | 651 | (208) | 876 | (18) | | Investment Securities Gain | - | (16) | 103 | 20 | (78) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (1,435) | (1,546) | (2,096) | (564) | (945) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 1,702 | 8,257 | 31,995 | (6,168) | 14,470 | | Net Cash from Operating Activities | 7,118 | 6,937 | 29,490 | (9,376) | 15,437 | | | | Proceeds from Sale/Mat. Inv. | 6,397 | 8,896 | 36,848 | 46,765 | 35,779 | | Purchase of Investment Securities | (1,000) | (998) | (41,526) | (30,835) | (41,405) | | Net Increase Fed. Funds Sold | (1,201) | (843) | (1,141) | 24,543 | (1,875) | | Purchase of Property & Equipment | (219) | (249) | (179) | (1,028) | (65) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (8,326) | (6,201) | 7,158 | 6,641 | 333 | | Net Cash from Investing Activities | (4,349) | 605 | 1,160 | 46,086 | (7,233) | | | Net Change in Deposits | 8,616 | (19,611) | (29,904) | (24,163) | 7,183 | | Cash Dividends paid | - | - | - | - | - | | Repayment of Long Term Debt | (12,000) | - | (600) | (7,500) | - | | Change in Short Term Debt | 84 | 11,100 | - | (5,580) | (15,042) | | Issuance of Long term Debt | - | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | - | - | - | - | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | 4 | (517) | 17 | (105) | | Cash from Financing Activities | (3,300) | (8,507) | (31,021) | (37,226) | (7,964) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (531) | (965) | (371) | (516) | 240 | | | Cash at Beginning of Period | 1,839 | 2,804 | 3,175 | 3,691 | 3,451 | | Cash at End of Period | 1,308 | 1,839 | 2,804 | 3,175 | 3,691 | | | |
