SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2016

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 21 – SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information is as follows:

	Quarter Ended March 31,
	2016		2015
	(In thousands)
Cash paid for:
Interest on borrowings	$	23,148	$	24,502
Income tax		-		82
Non-cash investing and financing activities:
Additions to other real estate owned		9,145		12,702
Additions to auto and other repossessed assets		14,873		20,464
Capitalization of servicing assets		1,161		1,073
Loan securitizations		67,728		46,914
Preferred stock exchanged for new common stock issued:
Fair value of assets acquired (liabilities assumed) in the Doral Bank transaction:
Loans		-		311,410
Premises and equipment, net		-		5,450
Core deposit intangible		-		5,820
Deposits		-		(523,517)