| Cash Flow for PAB Bankshares Inc. (PABK) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 10,786 | 13,735 | 12,453 | 8,518 | 7,126 | | Provision for Loan Loss | 2,400 | - | 1,188 | 600 | - | | Depreciation & Amortization | 1,717 | 1,668 | 2,190 | 2,558 | 3,574 | | Deferred Income Taxes | (644) | 303 | (941) | (17) | 879 | | Change in Assets (Receivables) | (398) | (1,512) | (2,479) | (681) | 222 | | Change in Liabilities (Payables) | 79 | 398 | 460 | 265 | (475) | | Investment Securities Gain | (313) | 542 | 11 | (5) | (1,416) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (71) | (26) | 79 | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | (958) | (730) | (1,149) | - | - | | Other Non-Cash Items | (462) | 282 | 623 | (151) | (473) | | Net Cash from Operating Activities | 12,136 | 14,660 | 12,437 | 11,088 | 9,437 | | | | Proceeds from Sale/Mat. Inv. | 35,158 | 43,597 | 29,661 | (479) | 83,945 | | Purchase of Investment Securities | (43,458) | (70,561) | (60,266) | (37,982) | (114,293) | | Net Increase Fed. Funds Sold | 41,053 | 966 | (9,963) | (32,286) | 30,454 | | Purchase of Property & Equipment | 991 | 1,055 | (1,491) | (755) | (904) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (108,805) | (72,215) | (108,065) | (68,579) | 11,427 | | Net Cash from Investing Activities | (75,061) | (97,158) | (150,123) | (140,081) | 10,628 | | | Net Change in Deposits | 71,666 | 92,802 | 158,130 | 100,634 | (49,814) | | Cash Dividends paid | (5,432) | (4,984) | (4,285) | (2,946) | (1,039) | | Repayment of Long Term Debt | (51,393) | (44,853) | (47,276) | (401) | (27,700) | | Change in Short Term Debt | 8,527 | 1,332 | (7,851) | 31,937 | 19,400 | | Issuance of Long term Debt | 47,500 | 45,000 | 38,318 | - | 36,270 | | Issuance of Preferred Stock | - | 10,000 | - | - | 15 | | Issuance of Common Stock | 691 | 1,672 | 452 | 405 | 529 | | Purchase of Treasury Stock | (5,894) | (12,503) | (1,584) | (578) | (5) | | Other Financing Activities | - | (451) | - | - | - | | Cash from Financing Activities | 65,665 | 88,014 | 135,905 | 129,050 | (22,344) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 2,739 | 5,516 | (1,781) | 57 | (2,279) | | | Cash at Beginning of Period | 26,712 | 21,196 | 22,977 | 22,920 | 25,199 | | Cash at End of Period | 29,452 | 26,712 | 21,196 | 22,977 | 22,920 | | | |
