| Cash Flow for Ocean Shore Holding Co. (OSHC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,791 | 3,149 | 3,076 | 1,306 | 2,714 | | Provision for Loan Loss | 261 | 300 | 300 | 360 | 360 | | Depreciation & Amortization | 1,426 | 1,206 | 1,307 | 1,495 | 1,617 | | Deferred Income Taxes | 318 | (832) | 177 | (538) | (59) | | Change in Assets (Receivables) | (375) | 473 | (162) | (240) | 135 | | Change in Liabilities (Payables) | 943 | 536 | 218 | 587 | (87) | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | 0 | 1 | 0 | 2 | (118) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 530 | 696 | 138 | 1,711 | (231) | | Net Cash from Operating Activities | 5,892 | 5,529 | 5,054 | 4,684 | 4,330 | | | | Proceeds from Sale/Mat. Inv. | 14,388 | 37,454 | 40,292 | 26,501 | 105,273 | | Purchase of Investment Securities | (5,956) | (11,290) | (21,461) | (46,927) | (125,940) | | Net Increase Fed. Funds Sold | (3,038) | (858) | (2,373) | (286) | (288) | | Purchase of Property & Equipment | (315) | (2,589) | (1,090) | (1,249) | (1,441) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (97,819) | (21,952) | (66,788) | (9,680) | (32,501) | | Net Cash from Investing Activities | (92,739) | 765 | (51,420) | (31,641) | (54,897) | | | Net Change in Deposits | (1,793) | 110 | 1,586 | 25,054 | 43,637 | | Cash Dividends paid | - | - | - | - | - | | Repayment of Long Term Debt | (195,480) | (15,000) | - | (2,014) | (25,694) | | Change in Short Term Debt | 910 | (11,370) | (4,380) | (10,650) | (1,920) | | Issuance of Long term Debt | 261,710 | 42,000 | 17,000 | - | 25,000 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | - | - | 36,764 | - | | Purchase of Treasury Stock | (2,792) | (2,234) | (2,039) | - | - | | Other Financing Activities | 477 | 156 | 205 | (3,307) | 216 | | Cash from Financing Activities | 63,031 | 13,663 | 12,371 | 45,847 | 41,238 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (23,817) | 19,957 | (33,996) | 18,890 | (9,329) | | | Cash at Beginning of Period | 33,357 | 13,400 | 47,396 | 28,759 | 38,087 | | Cash at End of Period | 9,540 | 33,357 | 13,400 | 47,649 | 28,759 | | | |
