| Cash Flow for Yadkin Valley Financial Corp. (YAVY) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 14,688 | 13,792 | 11,158 | 9,485 | 8,919 | | Provision for Loan Loss | 2,489 | 2,165 | 1,724 | 1,620 | 1,280 | | Depreciation & Amortization | 2,681 | 3,131 | 3,129 | 3,006 | 2,733 | | Deferred Income Taxes | (1,196) | (959) | (1,180) | 558 | (262) | | Change in Assets (Receivables) | (7,675) | (6,184) | (15) | 1,031 | 82 | | Change in Liabilities (Payables) | 514 | 1,615 | 3,333 | (2,503) | (53) | | Investment Securities Gain | (45) | 86 | (8) | (57) | (301) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (5,662) | (5,976) | 39 | (613) | (166) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | (495) | (698) | 9,599 | (18,088) | 28,671 | | Net Cash from Operating Activities | 5,297 | 6,972 | 27,779 | (5,561) | 40,903 | | | | Proceeds from Sale/Mat. Inv. | 42,083 | 37,121 | 24,819 | 33,345 | 55,928 | | Purchase of Investment Securities | (55,249) | (50,674) | (27,192) | (23,135) | (52,341) | | Net Increase Fed. Funds Sold | 1,075 | 665 | 629 | (2,791) | 70 | | Purchase of Property & Equipment | (1,469) | (1,725) | (7,020) | (3,504) | (3,557) | | Acquisitions | - | (561) | (464) | (3,045) | - | | Other Investment Changes, Net | (83,306) | (83,690) | (49,093) | (46,409) | (65,543) | | Net Cash from Investing Activities | (96,866) | (98,863) | (58,321) | (45,540) | (65,443) | | | Net Change in Deposits | 55,595 | 93,494 | 85,644 | 590 | 6,235 | | Cash Dividends paid | (5,304) | (4,998) | (4,595) | (4,237) | (3,667) | | Repayment of Long Term Debt | - | (6,927) | (27,002) | - | - | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 25,137 | - | - | 48,736 | 10,051 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 567 | 169 | 191 | 349 | 817 | | Purchase of Treasury Stock | (2,157) | (1,320) | (489) | (1,183) | (752) | | Other Financing Activities | - | 36 | (28) | - | - | | Cash from Financing Activities | 73,838 | 80,454 | 53,721 | 44,256 | 12,685 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | (17,730) | (11,437) | 23,179 | (6,845) | (11,855) | | | Cash at Beginning of Period | 44,056 | 55,493 | 32,314 | 39,159 | 51,014 | | Cash at End of Period | 26,326 | 44,056 | 55,493 | 32,314 | 39,159 | | | |
