SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Dec. 31, 2016

SUPPLEMENTAL CASH FLOW INFORMATION [Text Block]

NOTE29 – SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information is as follows:

		Year Ended December 31,
		2016		2015		2014
(In thousands)
Cash paid for:
	Interest on borrowings	$	127,707	$	93,053	$	102,402
	Income tax		3,198		4,494		7,751
Non-cash investing and financing activities:
	Additions to other real estate owned		47,808		76,725		48,601
	Additions to auto and other repossessed assets		52,628		75,279		92,266
	Capitalization of servicing assets		5,260		4,919		4,321
	Loan securitizations		338,333		285,995		198,712
	Loans held for investment transferred to held for sale		10,332		-		-
	Loans held for sale transferred to loans held for investment		1,443		40,086		-
	Property plant and equipment transferred to other assets		1,221		-		-
	Preferred stock exchanged for new common stock issued:
	Preferred stock exchanged (Series A through E)		-		-		26,022
	New common stock issued		-		-		24,363
	Trust preferred securities exchanged for new common stock issued:
	Trust preferred securities exchanged		-		5,303		-
	New common stock issued		-		5,628		-
	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)		-