| Cash Flow for Patriot National Bancorp Inc. (PNBK) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,678 | 2,415 | 1,407 | 926 | 1,341 | | Provision for Loan Loss | 75 | 1,040 | 1,110 | 556 | 563 | | Depreciation & Amortization | 1,509 | 878 | 604 | 1,037 | 1,011 | | Deferred Income Taxes | (258) | (498) | (563) | (101) | (230) | | Change in Assets (Receivables) | (1,072) | (1,116) | (799) | 81 | 142 | | Change in Liabilities (Payables) | 1,547 | 972 | 864 | (373) | 635 | | Investment Securities Gain | (5) | - | - | - | (308) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (83) | 5 | (563) | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 50 | 531 | 958 | 4 | 2 | | Net Cash from Operating Activities | 4,441 | 4,228 | 3,018 | 2,129 | 3,157 | | | | Proceeds from Sale/Mat. Inv. | 15,586 | 13,080 | 24,264 | 29,676 | 40,258 | | Purchase of Investment Securities | (14,948) | (2,050) | (28,208) | (16,020) | (72,155) | | Net Increase Fed. Funds Sold | (1,439) | (810) | (330) | (221) | (666) | | Purchase of Property & Equipment | (5,330) | (1,866) | (946) | (1,251) | (1,058) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (196,418) | (141,459) | (101,496) | (50,246) | (44,452) | | Net Cash from Investing Activities | (202,548) | (133,106) | (106,716) | (38,063) | (78,073) | | | Net Change in Deposits | 110,948 | 139,230 | 52,070 | 77,013 | 72,081 | | Cash Dividends paid | (854) | (617) | (403) | (317) | (264) | | Repayment of Long Term Debt | (249,971) | (94,718) | (45,001) | (32,053) | (3,239) | | Change in Short Term Debt | 7,000 | - | - | - | - | | Issuance of Long term Debt | 289,471 | 93,718 | 46,001 | 17,000 | 24,248 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 51 | 30,772 | 11,368 | 467 | 51 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | - | - | - | (240) | | Cash from Financing Activities | 156,645 | 168,384 | 64,035 | 62,109 | 92,636 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (41,463) | 39,507 | (39,663) | 26,176 | 17,720 | | | Cash at Beginning of Period | 55,475 | 15,968 | 55,630 | 29,455 | 11,735 | | Cash at End of Period | 14,012 | 55,475 | 15,968 | 55,630 | 29,455 | | | |
