| Cash Flow for Pennsylvania Commerce Bancorp Inc. (COBH) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 7,001 | 7,254 | 8,817 | 8,591 | 6,557 | | Provision for Loan Loss | 1,762 | 1,634 | 1,560 | 2,646 | 1,695 | | Depreciation & Amortization | 7,214 | 4,780 | 4,222 | 3,616 | 926 | | Deferred Income Taxes | 73 | 1,319 | (1,303) | 708 | 285 | | Change in Assets (Receivables) | 5,207 | (9,582) | (1,026) | 8,035 | (10,724) | | Change in Liabilities (Payables) | 2,647 | (518) | (11,265) | 14,443 | (93) | | Investment Securities Gain | (171) | (160) | 60 | - | (880) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (1,262) | (866) | (1,320) | (630) | (765) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 719 | 329 | 4,663 | (4,493) | 6,056 | | Net Cash from Operating Activities | 23,190 | 4,190 | 4,408 | 32,916 | 3,057 | | | | Proceeds from Sale/Mat. Inv. | 205,213 | 159,537 | 204,505 | 150,356 | 246,378 | | Purchase of Investment Securities | (137,539) | (185,192) | (375,487) | (201,453) | (421,659) | | Net Increase Fed. Funds Sold | (6,507) | - | - | - | - | | Purchase of Property & Equipment | (10,417) | (21,689) | (24,082) | (9,407) | (13,600) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (177,037) | (159,118) | (183,824) | (171,205) | (111,627) | | Net Cash from Investing Activities | (126,287) | (206,462) | (378,888) | (231,709) | (300,508) | | | Net Change in Deposits | (55,881) | 245,717 | 210,515 | 254,020 | 179,572 | | Cash Dividends paid | (80) | (80) | - | (97) | (89) | | Repayment of Long Term Debt | - | - | - | - | - | | Change in Short Term Debt | 104,535 | (45,100) | 157,900 | (79,000) | 79,000 | | Issuance of Long term Debt | 50,000 | 15,800 | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 2,610 | 1,500 | 1,657 | 27,065 | 1,424 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | 368 | 513 | (80) | - | (191) | | Cash from Financing Activities | 101,552 | 218,350 | 369,992 | 201,988 | 259,716 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (1,545) | 16,078 | (4,488) | 3,195 | (37,735) | | | Cash at Beginning of Period | 52,500 | 36,422 | 40,910 | 37,715 | 75,450 | | Cash at End of Period | 50,955 | 52,500 | 36,422 | 40,910 | 37,715 | | | |
