Tower Financial Corp (TOFC) Cash Flow Statement

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Net income	8.11M
Depreciation and amortization	3.83M
Provision for loan losses	-1.98M
Stock based compensation expense	65.34K
Earnings on life insurance	-643.42K
Gain on sale of securities AFS
Loss on disposal of premises and equipment	2.31K
Impairment on AFS securities
Loans originated for sale	-49.87M
(Gain) Loss on sale of other real estate owned	-433.54K
Proceeds from sale of loans - brokered	53.71M
Write-down on OREO	92.95K
Change in accrued interest receivable	-121.26K
Change in other assets	1.52M
Change in accrued interest payable	-4K
Change in other liabilities	1.58M
Net cash from operating activities	13.45M
Net change in loans	-12.59M
Purchase of securities AFS	-61.95M
Proceeds from calls and maturities of securities AFS
Purchase of securities HTM	-96.11K
Proceeds from calls and maturities of securities HTM	41.91M
Proceeds from sale of securities AFS
Proceeds from sale of OREO	2.22M
Proceeds from sale of impaired loans	4.54M
Purchase of bank owned life insurance	-2.75M
Redemption (Purchase) of FHLB stock	0
Purchase of premises and equipment	-311.6K
Net cash from (used in) investing activities	11.67M
Net change in deposits	37.39M
Proceeds from long-term FHLB advances	2M
Repayment of long-term FHLB advances	-5M
Net change in short-term borrowings	-9.09M
Net cash from (used in) financing activities	2.2M
Net change in cash and cash equivalents	27.32M
Cash and cash equivalents, beginning of period	14.85M
Cash and cash equivalents, end of period	42.17M
Interest	2.8M
Income taxes	774K
Transfer of loans to other real estate owned	2.12M

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