| Cash Flow for Independent Bank Corp. (IBCP) | | | | After Hours: $ 4.26 |  0.36 (+9.23%) | Volume: 400 | 4:01 PM EDT Oct 10, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 10,357 | 33,203 | 46,912 | 38,558 | 37,592 | | Provision for Loan Loss | 43,160 | 16,344 | 8,071 | 4,309 | 4,032 | | Depreciation & Amortization | (12,555) | (9,839) | (12,498) | (3,001) | 7,770 | | Deferred Income Taxes | (6,347) | (2,328) | 3,019 | 2,185 | 4,428 | | Change in Assets (Receivables) | (6,724) | (8,279) | (8,234) | (11,432) | (12,077) | | Change in Liabilities (Payables) | (7,290) | (6,954) | 2,757 | 40,366 | 1,021 | | Investment Securities Gain | 705 | (171) | (1,484) | (856) | 779 | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (4,317) | (4,593) | (5,370) | (5,956) | (16,269) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 825 | 4,849 | 15,174 | 251 | 112,584 | | Net Cash from Operating Activities | 17,814 | 22,232 | 48,347 | 64,424 | 139,860 | | | | Proceeds from Sale/Mat. Inv. | 130,781 | 57,103 | 131,131 | 128,602 | 139,223 | | Purchase of Investment Securities | (65,366) | (5,267) | (70,632) | (132,190) | (226,898) | | Net Increase Fed. Funds Sold | (7,514) | - | - | - | - | | Purchase of Property & Equipment | (10,342) | (13,316) | (13,899) | (11,720) | (7,272) | | Acquisitions | 385,954 | - | - | - | (3,062) | | Other Investment Changes, Net | (57,792) | (104,454) | (316,862) | (279,326) | (189,184) | | Net Cash from Investing Activities | 375,721 | (65,934) | (270,262) | (294,634) | (287,193) | | | Net Change in Deposits | (508,797) | 124,352 | 471,394 | 150,930 | 167,203 | | Cash Dividends paid | (18,874) | (17,547) | (15,320) | (12,500) | (11,040) | | Repayment of Long Term Debt | (226,571) | (282,784) | (809,127) | (504,525) | (650,924) | | Change in Short Term Debt | - | - | (66,215) | 88,306 | (23,168) | | Issuance of Long term Debt | 364,491 | 223,200 | 659,750 | 519,100 | 645,650 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 156 | 1,046 | 2,051 | 1,975 | 1,738 | | Purchase of Treasury Stock | (5,989) | (11,989) | (13,065) | (2,002) | (12,578) | | Other Financing Activities | 8,196 | 13,044 | (12,782) | - | 31,462 | | Cash from Financing Activities | (387,388) | 49,322 | 216,686 | 241,284 | 148,343 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 6,147 | 5,620 | (5,229) | 11,074 | 1,010 | | | Cash at Beginning of Period | 73,142 | 67,522 | 72,815 | 61,741 | 60,731 | | Cash at End of Period | 79,289 | 73,142 | 67,586 | 72,815 | 61,741 | | | |
