| Cash Flow for Security Bank Corp. (SBKC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 6,588 | 23,392 | 16,185 | 12,319 | 8,647 | | Provision for Loan Loss | 32,660 | 4,469 | 2,833 | 2,819 | 2,859 | | Depreciation & Amortization | 4,396 | 2,058 | 918 | 2,623 | 1,796 | | Deferred Income Taxes | (4,080) | 3,461 | (94) | (58) | 179 | | Change in Assets (Receivables) | (2,602) | (11,655) | (3,090) | (1,055) | (357) | | Change in Liabilities (Payables) | (24,350) | 21,256 | 2,037 | 2,280 | (378) | | Investment Securities Gain | 3 | 1,601 | 6 | (13) | (55) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | 624 | 103 | 490 | 143 | 611 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 1,471 | 613 | 6,958 | 2,865 | 25,560 | | Net Cash from Operating Activities | 14,710 | 45,298 | 26,242 | 21,923 | 38,863 | | | | Proceeds from Sale/Mat. Inv. | 75,495 | 91,217 | 24,707 | 39,214 | 65,303 | | Purchase of Investment Securities | (147,351) | (136,632) | (28,956) | (50,343) | (44,394) | | Net Increase Fed. Funds Sold | (721) | 530 | 516 | (983) | 462 | | Purchase of Property & Equipment | (5,085) | 669 | (3,275) | (3,455) | (1,647) | | Acquisitions | (198) | 10,495 | - | - | 2,280 | | Other Investment Changes, Net | (342,896) | (298,232) | (156,797) | (150,412) | (122,314) | | Net Cash from Investing Activities | (420,755) | (331,953) | (163,806) | (165,979) | (100,310) | | | Net Change in Deposits | 327,775 | 332,852 | 182,786 | 99,939 | 90,103 | | Cash Dividends paid | (6,665) | (5,265) | (3,271) | (2,484) | (1,847) | | Repayment of Long Term Debt | (165,278) | (188,853) | (82,486) | (114,143) | (478,072) | | Change in Short Term Debt | 17,499 | 5,042 | 13,328 | 13,462 | (4,902) | | Issuance of Long term Debt | 178,500 | 160,276 | 85,565 | 122,200 | 472,650 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 471 | 36,415 | 388 | 19,534 | 143 | | Purchase of Treasury Stock | (4,904) | - | - | - | - | | Other Financing Activities | - | - | - | - | - | | Cash from Financing Activities | 347,398 | 340,466 | 196,310 | 138,508 | 78,075 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (58,647) | 53,811 | 58,746 | (5,549) | 16,627 | | | Cash at Beginning of Period | 156,903 | 103,092 | 44,346 | 49,895 | 33,267 | | Cash at End of Period | 98,256 | 156,903 | 103,092 | 44,346 | 49,895 | | | |
