| Cash Flow for Savannah Bancorp Inc. (SAVB) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 7,636 | 10,002 | 9,040 | 5,736 | 4,644 | | Provision for Loan Loss | 4,675 | 1,585 | 1,500 | 1,450 | 1,000 | | Depreciation & Amortization | 996 | 1,005 | 911 | 914 | 948 | | Deferred Income Taxes | (677) | (728) | (860) | (513) | (207) | | Change in Assets (Receivables) | 656 | 9,872 | - | - | - | | Change in Liabilities (Payables) | - | - | - | - | - | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (147) | (313) | (753) | (730) | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 3,371 | (5,300) | 8,729 | (15,701) | 238 | | Net Cash from Operating Activities | 16,510 | 16,123 | 18,567 | (8,844) | 6,623 | | | | Proceeds from Sale/Mat. Inv. | 23,400 | 11,161 | 15,518 | 26,537 | 28,576 | | Purchase of Investment Securities | (29,356) | (20,380) | (19,396) | (29,707) | (13,925) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (1,450) | (576) | (1,044) | (711) | (697) | | Acquisitions | (1,901) | - | - | - | - | | Other Investment Changes, Net | (92,109) | (108,740) | (106,648) | (113,624) | (66,582) | | Net Cash from Investing Activities | (101,416) | (118,535) | (111,570) | (117,505) | (52,628) | | | Net Change in Deposits | 57,394 | 106,314 | 94,390 | 116,974 | 26,102 | | Cash Dividends paid | (2,805) | (2,593) | (2,307) | (2,162) | (2,090) | | Repayment of Long Term Debt | (10,336) | (7,646) | (845) | - | - | | Change in Short Term Debt | 29,912 | 20,785 | (15,167) | 12,820 | 5,039 | | Issuance of Long term Debt | - | - | - | 4,552 | 6,186 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 748 | 381 | 12,504 | 88 | 15 | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 74,913 | 117,241 | 88,575 | 132,272 | 35,252 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (9,993) | 14,829 | (4,428) | 5,923 | (10,753) | | | Cash at Beginning of Period | 47,297 | 32,468 | 36,896 | 30,973 | 41,726 | | Cash at End of Period | 37,304 | 47,297 | 32,468 | 36,896 | 30,973 | | | |
