| Cash Flow for United Bancshares Inc. (UBOH) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 4,579 | 4,927 | 4,622 | 3,088 | 3,691 | | Provision for Loan Loss | 625 | 340 | 612 | 577 | 450 | | Depreciation & Amortization | 1,222 | 1,122 | 1,355 | 1,764 | 2,692 | | Deferred Income Taxes | (202) | 222 | 259 | (1) | 139 | | Change in Assets (Receivables) | 354 | (1,266) | (59) | (31) | (46) | | Change in Liabilities (Payables) | 510 | 251 | 531 | (183) | (1,888) | | Investment Securities Gain | 226 | 4 | (6) | (550) | (244) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (259) | (334) | (333) | - | (2,343) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (6) | 88 | 73 | 2,128 | 626 | | Net Cash from Operating Activities | 7,050 | 5,355 | 7,053 | 6,793 | 3,076 | | | | Proceeds from Sale/Mat. Inv. | 33,095 | 24,212 | 69,544 | 123,233 | 118,065 | | Purchase of Investment Securities | (1,955) | (10,681) | (40,730) | (166,601) | (138,753) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (1,844) | (992) | (163) | (261) | (654) | | Acquisitions | - | - | - | - | 5,748 | | Other Investment Changes, Net | (24,367) | (26,338) | (12,942) | (17,571) | 6,908 | | Net Cash from Investing Activities | 4,929 | (13,800) | 15,708 | (61,200) | (8,686) | | | Net Change in Deposits | 15,773 | 20,800 | (12,521) | (18,208) | (7,056) | | Cash Dividends paid | (1,969) | (1,869) | (1,760) | (1,617) | (1,606) | | Repayment of Long Term Debt | (46,593) | (42,246) | (26,271) | (28,988) | (15,510) | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 22,500 | 35,000 | 15,000 | 106,500 | 24,300 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 108 | 110 | 137 | 98 | 108 | | Purchase of Treasury Stock | (1,347) | (1,136) | (1,423) | - | - | | Other Financing Activities | 2,318 | (17) | (381) | 99 | (265) | | Cash from Financing Activities | (9,211) | 10,642 | (27,219) | 57,884 | (30) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 2,769 | 2,196 | (4,458) | 3,477 | (5,639) | | | Cash at Beginning of Period | 12,311 | 10,114 | 14,572 | 11,095 | 16,734 | | Cash at End of Period | 15,079 | 12,311 | 10,114 | 14,572 | 11,095 | | | |
