| Cash Flow for Intervest Bancshares Corp. (IBCA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 19,440 | 23,531 | 18,184 | 11,453 | 9,120 | | Provision for Loan Loss | 3,760 | 2,652 | 4,075 | 4,526 | 1,969 | | Depreciation & Amortization | (5,768) | 1,710 | (6,179) | 1,842 | 42 | | Deferred Income Taxes | (1,693) | (1,706) | (1,893) | (2,135) | (963) | | Change in Assets (Receivables) | 662 | 498 | (2,733) | 2,586 | - | | Change in Liabilities (Payables) | (924) | (167) | 9,280 | 2,685 | 7,800 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | 113 | - | - | - | 51 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 9,497 | (1,697) | - | (1,479) | 444 | | Net Cash from Operating Activities | 25,087 | 24,821 | 20,734 | 19,478 | 18,463 | | | | Proceeds from Sale/Mat. Inv. | 324,581 | 147,673 | 92,058 | 88,880 | 119,755 | | Purchase of Investment Securities | (263,938) | (299,481) | (95,436) | (187,089) | (127,221) | | Net Increase Fed. Funds Sold | 587 | (1,697) | (149) | (2,017) | (1,967) | | Purchase of Property & Equipment | (127) | (504) | (336) | (1,477) | (222) | | Acquisitions | - | - | - | - | 218 | | Other Investment Changes, Net | (121,814) | (121,687) | (354,301) | (348,815) | (182,524) | | Net Cash from Investing Activities | (60,711) | (275,696) | (358,164) | (450,518) | (191,961) | | | Net Change in Deposits | 70,640 | 213,204 | 381,458 | 318,359 | 169,555 | | Cash Dividends paid | (2,112) | - | - | - | - | | Repayment of Long Term Debt | (9,345) | (31,728) | (68,113) | (20,013) | (3,661) | | Change in Short Term Debt | (25,000) | - | - | 36,000 | - | | Issuance of Long term Debt | - | 51,310 | 26,000 | 52,428 | 29,306 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | 3,345 | 28,370 | 2,961 | 6,931 | | Purchase of Treasury Stock | (10,000) | - | - | - | - | | Other Financing Activities | 4,332 | (1,777) | 1,832 | 1,776 | 4,646 | | Cash from Financing Activities | 28,515 | 234,354 | 369,547 | 391,511 | 206,777 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (7,109) | (16,521) | 32,117 | (39,529) | 33,279 | | | Cash at Beginning of Period | 40,195 | 56,716 | 24,599 | 64,128 | 30,849 | | Cash at End of Period | 33,086 | 40,195 | 56,716 | 24,599 | 64,128 | | | |
