| Cash Flow for Willow Financial Bancorp Inc. (WFBC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | (43,475) | 8,395 | 11,076 | 6,726 | 6,111 | | Provision for Loan Loss | 3,173 | 653 | 3,205 | 1,232 | 426 | | Depreciation & Amortization | 5,808 | 3,555 | 2,670 | 1,550 | 1,079 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | (7,053) | (3,246) | 14,469 | (1,658) | (3,195) | | Change in Liabilities (Payables) | (5,603) | (4,345) | 8,104 | 3,614 | 1,559 | | Investment Securities Gain | (200) | - | 936 | (73) | (796) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (2,575) | (1,951) | (370) | (597) | (627) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | (635) | - | - | - | | Other Non-Cash Items | 43,270 | 2,323 | (14,749) | 1,443 | 6,097 | | Net Cash from Operating Activities | (6,655) | 4,749 | 25,341 | 12,237 | 10,654 | | | | Proceeds from Sale/Mat. Inv. | 89,423 | 89,973 | 139,291 | 139,513 | 202,243 | | Purchase of Investment Securities | (73,307) | (62,737) | (23,027) | (132,913) | (233,238) | | Net Increase Fed. Funds Sold | (4,409) | 5,462 | 11,544 | - | - | | Purchase of Property & Equipment | (1,707) | (3,431) | 7,852 | (631) | (617) | | Acquisitions | (2,779) | (4,433) | (35,032) | - | - | | Other Investment Changes, Net | (103,983) | 28,690 | (25,437) | (60,767) | (110,346) | | Net Cash from Investing Activities | (96,762) | 53,524 | 75,191 | (54,798) | (141,958) | | | Net Change in Deposits | (89,852) | 74,932 | (55,519) | (437) | 16,472 | | Cash Dividends paid | (6,996) | (16,920) | (6,718) | (4,196) | (3,644) | | Repayment of Long Term Debt | (533,821) | (200,054) | (291,724) | (78,268) | (32,306) | | Change in Short Term Debt | (62) | - | 26,636 | 52,500 | 20,000 | | Issuance of Long term Debt | 655,288 | 107,400 | 240,700 | 57,000 | 85,917 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 42 | 1,392 | 1,275 | 285 | 392 | | Purchase of Treasury Stock | (299) | (3,242) | - | (3,146) | (14,045) | | Other Financing Activities | 55,022 | (271) | 1,428 | (13) | (77) | | Cash from Financing Activities | 79,322 | (36,763) | (83,922) | 23,725 | 72,709 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (24,095) | 21,510 | 16,610 | (18,836) | (58,595) | | | Cash at Beginning of Period | 60,277 | 37,219 | 20,609 | 39,445 | 98,040 | | Cash at End of Period | 36,182 | 58,729 | 37,219 | 20,609 | 39,445 | | | |
