| Cash Flow for Union Bankshares Corp. (UBSH) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 19,756 | 25,992 | 24,822 | 17,925 | 16,664 | | Provision for Loan Loss | 1,060 | 1,450 | 1,172 | 2,154 | 2,307 | | Depreciation & Amortization | 7,145 | 6,301 | 4,952 | 4,673 | 4,278 | | Deferred Income Taxes | - | - | - | (335) | (655) | | Change in Assets (Receivables) | (12,644) | 2,009 | (16,946) | - | - | | Change in Liabilities (Payables) | 1,330 | (807) | 3,500 | - | - | | Investment Securities Gain | (586) | (688) | (26) | (49) | (113) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (187) | (870) | (33) | (29) | (165) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 1,150 | 926 | 14,747 | (14,579) | 10,856 | | Net Cash from Operating Activities | 17,024 | 34,313 | 32,188 | 9,760 | 33,172 | | | | Proceeds from Sale/Mat. Inv. | 55,389 | 48,619 | 38,545 | 100,160 | 102,230 | | Purchase of Investment Securities | (55,080) | (51,296) | (56,417) | (76,574) | (71,065) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (14,573) | (20,586) | (7,797) | (9,483) | (7,678) | | Acquisitions | 35,636 | (18,807) | - | - | - | | Other Investment Changes, Net | (199,247) | (110,867) | (97,792) | (224,841) | (162,969) | | Net Cash from Investing Activities | (177,875) | (152,937) | (123,461) | (210,738) | (139,482) | | | Net Change in Deposits | (49,638) | 97,951 | 142,198 | 130,062 | 102,835 | | Cash Dividends paid | (9,686) | (8,345) | (6,751) | (5,567) | (4,559) | | Repayment of Long Term Debt | (19,350) | - | (43,271) | (13,437) | (1,011) | | Change in Short Term Debt | 220,190 | (45,400) | 33,890 | 19,936 | (2,175) | | Issuance of Long term Debt | - | 78,964 | - | 60,696 | 5,000 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 1,702 | 1,634 | 1,501 | 1,560 | 908 | | Purchase of Treasury Stock | - | (10) | - | - | (118) | | Other Financing Activities | 22 | 182 | - | - | - | | Cash from Financing Activities | 143,240 | 124,976 | 127,567 | 193,250 | 100,880 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (17,611) | 6,352 | 36,294 | (7,728) | (5,430) | | | Cash at Beginning of Period | 75,890 | 69,538 | 33,244 | 40,972 | 46,402 | | Cash at End of Period | 58,279 | 75,890 | 69,538 | 33,244 | 40,972 | | | |
