| Cash Flow for ViewPoint Financial Group (VPFG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | | | Net Income | 5,067 | 9,686 | | Provision for Loan Loss | 3,268 | 2,565 | | Depreciation & Amortization | 3,887 | 4,822 | | Deferred Income Taxes | - | - | | Change in Assets (Receivables) | (8,685) | (7,740) | | Change in Liabilities (Payables) | 5,627 | 625 | | Investment Securities Gain | 178 | - | | Net Policy Acquisition Cost | - | - | | Realized Investment Gains | (1,133) | 133 | | Net Premiums Receivables | - | - | | Change in Income Taxes | - | - | | Other Non-Cash Items | 2,648 | 4,592 | | Net Cash from Operating Activities | 10,857 | 14,683 | | | | Proceeds from Sale/Mat. Inv. | 108,864 | 377,016 | | Purchase of Investment Securities | (335,340) | (568,557) | | Net Increase Fed. Funds Sold | (2,309) | 419 | | Purchase of Property & Equipment | (3,058) | (2,523) | | Acquisitions | (1,323) | - | | Other Investment Changes, Net | 24,212 | 121,613 | | Net Cash from Investing Activities | (208,954) | (72,032) | | | Net Change in Deposits | 62,712 | 24,086 | | Cash Dividends paid | (2,115) | - | | Repayment of Long Term Debt | - | - | | Change in Short Term Debt | (11,818) | (8,921) | | Issuance of Long term Debt | 84,507 | 17,003 | | Issuance of Preferred Stock | - | - | | Issuance of Common Stock | - | 102,706 | | Purchase of Treasury Stock | (17,566) | - | | Other Financing Activities | - | (250) | | Cash from Financing Activities | 115,720 | 134,624 | | | | Effect of Exchange Rate Changes | - | - | | Net Change in Cash & Equivalents | (82,377) | 77,275 | | | Cash at Beginning of Period | 155,855 | 125,513 | | Cash at End of Period | 73,478 | 202,788 | | | |
