| Cash Flow for United Financial Bancorp Inc. (UBNK) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Net Income | 4,377 | 4,924 | 4,369 | 5,528 | | Provision for Loan Loss | 1,425 | 969 | 917 | 983 | | Depreciation & Amortization | 964 | 1,171 | 1,337 | 647 | | Deferred Income Taxes | (2,348) | - | 667 | (1) | | Change in Assets (Receivables) | (946) | (190) | (3,188) | 140 | | Change in Liabilities (Payables) | 3,697 | (42) | 337 | 469 | | Investment Securities Gain | 275 | 222 | (3) | - | | Net Policy Acquisition Cost | - | - | - | - | | Realized Investment Gains | 1 | 18 | (2) | - | | Net Premiums Receivables | - | - | - | - | | Change in Income Taxes | - | (1,679) | - | - | | Other Non-Cash Items | 2,143 | 1,135 | 4,124 | 330 | | Net Cash from Operating Activities | 9,588 | 6,528 | 8,558 | 8,095 | | | | Proceeds from Sale/Mat. Inv. | 83,390 | 84,401 | 46,724 | 104,289 | | Purchase of Investment Securities | (92,218) | (47,764) | (124,945) | (58,542) | | Net Increase Fed. Funds Sold | (983) | (2,686) | (567) | (2,072) | | Purchase of Property & Equipment | (664) | (1,372) | (1,245) | (378) | | Acquisitions | (55) | (100) | - | - | | Other Investment Changes, Net | (64,671) | (125,548) | (63,740) | (73,064) | | Net Cash from Investing Activities | (75,201) | (93,069) | (143,773) | (29,767) | | | Net Change in Deposits | 32,996 | 32,075 | 40,112 | 18,924 | | Cash Dividends paid | (1,757) | (1,462) | - | - | | Repayment of Long Term Debt | (40,822) | (65,074) | (133,179) | - | | Change in Short Term Debt | (47,706) | 1,991 | 4,118 | 9,875 | | Issuance of Long term Debt | 30,000 | 133,000 | 148,365 | - | | Issuance of Preferred Stock | - | - | - | - | | Issuance of Common Stock | - | - | 74,822 | - | | Purchase of Treasury Stock | (8,788) | (4,405) | (6,413) | - | | Other Financing Activities | 90,525 | (8) | - | (38) | | Cash from Financing Activities | 54,448 | 96,117 | 127,825 | 28,760 | | | | Effect of Exchange Rate Changes | - | - | - | - | | Net Change in Cash & Equivalents | (11,165) | 9,576 | (7,390) | 7,088 | | | Cash at Beginning of Period | 25,419 | 15,843 | 23,233 | 16,144 | | Cash at End of Period | 14,254 | 25,419 | 15,843 | 23,233 | | | |
