| Cash Flow for Pathfinder Bancorp Inc. (PBHC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 1,122 | 1,028 | 462 | 1,405 | 1,652 | | Provision for Loan Loss | 365 | 23 | 311 | 738 | 598 | | Depreciation & Amortization | 1,120 | 1,264 | 1,437 | 1,359 | 796 | | Deferred Income Taxes | 465 | (67) | 107 | 502 | 307 | | Change in Assets (Receivables) | 272 | (217) | (173) | (231) | 61 | | Change in Liabilities (Payables) | - | - | - | - | 281 | | Investment Securities Gain | (378) | (299) | 205 | (772) | (543) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (42) | (37) | - | (279) | (326) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | - | 750 | 8,273 | (341) | 570 | | Net Cash from Operating Activities | 2,924 | 2,445 | 10,622 | 2,381 | 3,395 | | | | Proceeds from Sale/Mat. Inv. | 21,319 | 25,501 | 21,954 | 17,179 | 29,073 | | Purchase of Investment Securities | (23,503) | (13,030) | (23,361) | (35,610) | (25,780) | | Net Increase Fed. Funds Sold | (549) | 226 | - | - | - | | Purchase of Property & Equipment | (944) | (318) | (1,137) | (1,520) | (1,571) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (19,726) | (12,583) | (9,744) | (473) | (7,313) | | Net Cash from Investing Activities | (23,403) | (204) | (12,288) | (20,424) | (5,591) | | | Net Change in Deposits | 5,500 | 9,208 | (295) | 29,778 | 2,372 | | Cash Dividends paid | (695) | (686) | (682) | (664) | (651) | | Repayment of Long Term Debt | (16,505) | (3,000) | (10,000) | (4,500) | (9,000) | | Change in Short Term Debt | 18,400 | (2,000) | 1,000 | (1,100) | 1,400 | | Issuance of Long term Debt | 10,155 | - | 5,000 | - | 5,700 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 114 | 23 | 213 | 140 | 35 | | Purchase of Treasury Stock | - | - | - | - | (2,687) | | Other Financing Activities | - | 42 | - | - | - | | Cash from Financing Activities | 16,969 | 3,587 | (4,764) | 23,654 | (2,831) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (3,510) | 5,828 | (6,430) | 5,611 | (5,027) | | | Cash at Beginning of Period | 13,723 | 7,895 | 14,325 | 8,714 | 13,740 | | Cash at End of Period | 10,213 | 13,723 | 7,895 | 14,325 | 8,714 | | | |
