| Cash Flow for OceanFirst Financial Corp. (OCFC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 1,075 | 12,633 | 19,497 | 17,945 | 19,873 | | Provision for Loan Loss | 700 | 150 | 350 | 300 | 688 | | Depreciation & Amortization | 5,109 | 5,598 | 5,566 | 5,322 | 8,536 | | Deferred Income Taxes | 1,088 | (2,950) | 334 | (886) | 1,037 | | Change in Assets (Receivables) | 57,278 | (44,983) | (1,317) | (94) | 1,431 | | Change in Liabilities (Payables) | (14,919) | 12,911 | (27,306) | 25,156 | (7,754) | | Investment Securities Gain | (1,853) | (10,958) | (13,183) | (10,832) | (11,842) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | (28) | (5) | (114) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 16,589 | 12,599 | 45,745 | (19,727) | 44,209 | | Net Cash from Operating Activities | 65,067 | (15,000) | 29,658 | 17,179 | 56,064 | | | | Proceeds from Sale/Mat. Inv. | 35,433 | 26,379 | 49,971 | 46,139 | 136,465 | | Purchase of Investment Securities | (681) | (7,187) | (12,131) | (83,646) | (74,121) | | Net Increase Fed. Funds Sold | 2,405 | (3,554) | (542) | (2,030) | (520) | | Purchase of Property & Equipment | (1,617) | (4,146) | (2,132) | (1,617) | (883) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | 23,015 | (47,854) | (182,106) | (83,841) | (53,798) | | Net Cash from Investing Activities | 58,555 | (36,362) | (146,940) | (124,995) | 7,143 | | | Net Change in Deposits | (88,538) | 15,760 | 86,033 | 126,330 | (40,631) | | Cash Dividends paid | (9,262) | (9,277) | (9,469) | (9,686) | (9,618) | | Repayment of Long Term Debt | (95,000) | (145,000) | (99,000) | (89,000) | (64,000) | | Change in Short Term Debt | 34,323 | (12,707) | 50,117 | 9,949 | 16,539 | | Issuance of Long term Debt | 30,000 | 217,500 | 59,000 | 121,000 | 70,000 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 1,126 | 1,627 | 2,240 | 3,182 | 3,903 | | Purchase of Treasury Stock | (1,112) | (17,618) | (15,962) | (16,247) | (20,620) | | Other Financing Activities | 184 | 2,173 | 1,410 | 137 | 200 | | Cash from Financing Activities | (128,279) | 52,458 | 74,369 | 145,665 | (44,227) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (4,657) | 1,096 | (42,913) | 37,849 | 18,980 | | | Cash at Beginning of Period | 32,204 | 31,108 | 74,021 | 36,172 | 17,192 | | Cash at End of Period | 27,547 | 32,204 | 31,108 | 74,021 | 36,172 | | | |
