| Cash Flow for West Coast Bancorp (WCBO) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 16,842 | 29,260 | 23,840 | 22,008 | 19,797 | | Provision for Loan Loss | 38,956 | 2,733 | 2,175 | 2,260 | 3,800 | | Depreciation & Amortization | 6,204 | 5,138 | 4,504 | 3,794 | 3,184 | | Deferred Income Taxes | 12,879 | 427 | (1,719) | (299) | (1,681) | | Change in Assets (Receivables) | (28,253) | (14,005) | (3,119) | 539 | 2,457 | | Change in Liabilities (Payables) | 13,712 | 3,492 | 4,284 | 2,131 | 2,858 | | Investment Securities Gain | 67 | 686 | 1,977 | 20 | (192) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (3,427) | (2,621) | (3,046) | 3,906 | 4,922 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 1,893 | 1,427 | 1,390 | (543) | 1,739 | | Net Cash from Operating Activities | 58,873 | 26,537 | 30,286 | 33,816 | 36,884 | | | | Proceeds from Sale/Mat. Inv. | 112,376 | 84,343 | 80,156 | 111,427 | 122,346 | | Purchase of Investment Securities | (52,961) | (101,725) | (111,629) | (58,403) | (179,219) | | Net Increase Fed. Funds Sold | (385) | - | - | - | - | | Purchase of Property & Equipment | (7,203) | (5,245) | (3,726) | (5,389) | (3,398) | | Acquisitions | - | 6,915 | - | - | - | | Other Investment Changes, Net | (239,610) | (321,925) | (127,397) | (208,533) | (78,833) | | Net Cash from Investing Activities | (187,783) | (337,637) | (162,596) | (160,898) | (139,104) | | | Net Change in Deposits | 88,480 | 271,343 | 176,753 | 67,850 | 138,406 | | Cash Dividends paid | (8,002) | (6,919) | (5,841) | (5,312) | (4,928) | | Repayment of Long Term Debt | (22,500) | (37,100) | (25,000) | (42,500) | (25,000) | | Change in Short Term Debt | 36,582 | 61,029 | 19,568 | 36,755 | (4,875) | | Issuance of Long term Debt | 57,600 | 25,400 | 22,600 | 56,000 | 12,500 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 2,455 | 5,334 | 3,560 | 2,154 | 2,349 | | Purchase of Treasury Stock | (5,847) | (2,770) | (11,815) | (10,515) | (10,461) | | Other Financing Activities | 144 | 214 | - | - | - | | Cash from Financing Activities | 148,912 | 316,531 | 179,825 | 104,432 | 107,991 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 20,002 | 5,431 | 47,515 | (22,650) | 5,771 | | | Cash at Beginning of Period | 93,800 | 88,369 | 40,854 | 63,504 | 57,733 | | Cash at End of Period | 113,802 | 93,800 | 88,369 | 40,854 | 63,504 | | | |
