| Cash Flow for Macatawa Bank Corp. (MCBC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 9,269 | 19,831 | 20,889 | 12,776 | 11,780 | | Provision for Loan Loss | 15,750 | 7,715 | 3,675 | 7,890 | 4,105 | | Depreciation & Amortization | 3,702 | 3,385 | 3,100 | 2,971 | 2,703 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | 963 | (801) | (1,144) | (3,603) | 1,780 | | Change in Liabilities (Payables) | (3,437) | (3,727) | 5,649 | 1,157 | (5,057) | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (1,290) | (1,721) | (2,336) | (2,207) | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 591 | 657 | 2,982 | 3,111 | 14,672 | | Net Cash from Operating Activities | 25,548 | 25,339 | 32,815 | 22,095 | 29,983 | | | | Proceeds from Sale/Mat. Inv. | 22,944 | 3,358 | (39,200) | 36,987 | 22,112 | | Purchase of Investment Securities | (22,154) | (42,669) | 15,431 | (68,554) | (42,687) | | Net Increase Fed. Funds Sold | - | 1,635 | (1,422) | (3,446) | (3,402) | | Purchase of Property & Equipment | (7,123) | (10,652) | (9,957) | (9,617) | (15,264) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (49,524) | (172,510) | (156,004) | (265,862) | (197,553) | | Net Cash from Investing Activities | (55,857) | (220,838) | (191,152) | (310,492) | (236,794) | | | Net Change in Deposits | (144,004) | 159,785 | 156,256 | 242,117 | 188,526 | | Cash Dividends paid | (8,781) | (7,851) | (6,228) | (4,444) | (3,471) | | Repayment of Long Term Debt | (277,966) | (48,143) | (453,824) | (360,695) | (94,653) | | Change in Short Term Debt | 34,477 | (13,819) | 3,678 | 22,131 | (20,000) | | Issuance of Long term Debt | 440,000 | 95,000 | 475,000 | 360,583 | 148,155 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 431 | 1,361 | 880 | 394 | 441 | | Purchase of Treasury Stock | (3,914) | (53) | (35) | (25) | (14) | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 40,243 | 186,280 | 175,727 | 260,061 | 218,984 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 9,934 | (9,219) | 17,390 | (28,336) | 12,173 | | | Cash at Beginning of Period | 39,882 | 49,101 | 31,711 | 60,047 | 47,874 | | Cash at End of Period | 49,816 | 39,882 | 49,101 | 31,711 | 60,047 | | | |
