| Cash Flow for Pacific State Bancorp (PSBC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 4,549 | 5,543 | 4,286 | 3,169 | 2,053 | | Provision for Loan Loss | 1,425 | 360 | 35 | 504 | 536 | | Depreciation & Amortization | 93 | 404 | 600 | 567 | 628 | | Deferred Income Taxes | (755) | 12 | (131) | (230) | (262) | | Change in Assets (Receivables) | (897) | (600) | (1,338) | (198) | 21 | | Change in Liabilities (Payables) | 3,420 | 418 | 1,394 | (12) | 338 | | Investment Securities Gain | - | - | - | - | (2) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (93) | (294) | - | - | 13 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (82) | (334) | (14) | (103) | (77) | | Net Cash from Operating Activities | 7,660 | 5,509 | 4,832 | 3,697 | 3,248 | | | | Proceeds from Sale/Mat. Inv. | 34,878 | 17,109 | 2,800 | 8,394 | 5,683 | | Purchase of Investment Securities | (53,022) | (11,257) | (13,992) | (14,352) | (4,960) | | Net Increase Fed. Funds Sold | (831) | (180) | - | (405) | - | | Purchase of Property & Equipment | (3,072) | (3,128) | (396) | (1,521) | (2,840) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (26,937) | (47,246) | (35,942) | (46,739) | (29,981) | | Net Cash from Investing Activities | (48,984) | (44,702) | (47,530) | (54,623) | (32,098) | | | Net Change in Deposits | 825 | 67,922 | 49,313 | 47,469 | 18,152 | | Cash Dividends paid | - | - | - | - | - | | Repayment of Long Term Debt | - | - | - | - | - | | Change in Short Term Debt | 35,100 | 900 | - | (1,000) | - | | Issuance of Long term Debt | - | - | - | - | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 235 | 1,130 | 409 | 3,792 | 176 | | Purchase of Treasury Stock | - | - | (12) | - | (171) | | Other Financing Activities | 223 | 736 | - | - | - | | Cash from Financing Activities | 36,383 | 70,688 | 49,710 | 50,261 | 18,158 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (4,941) | 31,495 | 7,012 | (665) | (10,692) | | | Cash at Beginning of Period | 50,615 | 19,120 | 12,108 | 12,773 | 23,466 | | Cash at End of Period | 45,674 | 50,615 | 19,120 | 12,108 | 12,773 | | | |
