| Cash Flow for Northeast Community Bancorp Inc. (NECB) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Net Income | 12,137 | 1,558 | 1,990 | 1,563 | | Provision for Loan Loss | 338 | - | - | - | | Depreciation & Amortization | 589 | 112 | 664 | 658 | | Deferred Income Taxes | 5,053 | (214) | (37) | (264) | | Change in Assets (Receivables) | (1,319) | 45 | (191) | (238) | | Change in Liabilities (Payables) | 192 | 179 | (54) | (142) | | Investment Securities Gain | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | | Realized Investment Gains | (18,962) | 5 | 19 | 136 | | Net Premiums Receivables | - | - | - | - | | Change in Income Taxes | - | - | - | - | | Other Non-Cash Items | (571) | 122 | - | - | | Net Cash from Operating Activities | (2,543) | 1,807 | 2,391 | 1,713 | | | | Proceeds from Sale/Mat. Inv. | 29,676 | 35,682 | 3,107 | 3,025 | | Purchase of Investment Securities | (5,000) | (50,335) | (3,874) | (4,807) | | Net Increase Fed. Funds Sold | (15) | (42) | 999 | 182 | | Purchase of Property & Equipment | 8,884 | (6,709) | (107) | (307) | | Acquisitions | (1,384) | - | - | - | | Other Investment Changes, Net | (65,398) | (18,486) | (23,283) | (13,172) | | Net Cash from Investing Activities | (33,237) | (39,890) | (23,158) | (15,079) | | | Net Change in Deposits | 37,386 | (4,727) | (302) | 3,584 | | Cash Dividends paid | - | - | - | - | | Repayment of Long Term Debt | - | - | - | - | | Change in Short Term Debt | - | - | - | - | | Issuance of Long term Debt | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | | Issuance of Common Stock | - | 57,628 | - | - | | Purchase of Treasury Stock | - | (5,184) | - | - | | Other Financing Activities | 791 | (274) | (97) | 513 | | Cash from Financing Activities | 38,177 | 47,443 | (399) | 4,097 | | | | Effect of Exchange Rate Changes | - | - | - | - | | Net Change in Cash & Equivalents | 2,397 | 9,360 | (21,166) | (9,269) | | | Cash at Beginning of Period | 36,749 | 27,389 | 48,555 | 57,824 | | Cash at End of Period | 39,146 | 36,749 | 27,389 | 48,555 | | | |
