The Corporation has an investment in EVERTEC, Inc. (“EVERTEC”), which provides various processing and information technology services to the Corporation and its subsidiaries and gives BPPR access to the ATH network owned and operated by EVERTEC. As of March 31, 2015, the Corporation's stake in EVERTEC was 15.05%.The Corporation continues to have significant influence over EVERTEC. Accordingly, the investment in EVERTEC is accounted for under the equity method and is evaluated for impairment if events or circumstances indicate that a decrease in value of the investment has occurred that is other than temporary. Refer to Note 34 “Related party transactions” to the consolidated financial statements included in the Corporation's 2014 Annual Report for details.

The Corporation received $ 1.2 million in dividend distributions during the quarter ended March 31, 2015 from its investments in EVERTEC's holding company (March 31, 2014 - $ 1.2 million). The Corporation's equity in EVERTEC is presented in the table which follows and is included as part of “other assets” in the consolidated statements of financial condition.

(In thousands)		March 31, 2015			December 31, 2014
Equity investment in EVERTEC	$	27,329		$	25,146

The Corporation had the following financial condition balances outstanding with EVERTEC at March 31, 2015 and December 31, 2014. Items that represent liabilities to the Corporation are presented with parenthesis.

(In thousands)	March 31, 2015				December 31, 2014
Accounts receivable (Other assets)	$	2,825	$	5,065
Deposits		(16,146)		(15,481)
Accounts payable (Other liabilities)		(17,214)		(15,511)
Net total	$	(30,535)	$	(25,927)

The Corporation's proportionate share of income or loss from EVERTEC is included in other operating income in the consolidated statements of operations. The following table presents the Corporation's proportionate share of EVERTEC's income (loss) and changes in stockholders' equity for the quarters ended March 31, 2015 and 2014.

		Quarter ended March 31,
(In thousands)		2015		2014
Share of income from investment in EVERTEC	$	2,869	$	2,779
Share of other changes in EVERTEC's stockholders' equity		351		238
Share of EVERTEC's changes in equity recognized in income	$	3,220	$	3,017

The following tables present the impact of transactions and service payments between the Corporation and EVERTEC (as an affiliate) and their impact on the results of operations for the quarters ended March 31, 2015 and 2014. Items that represent expenses to the Corporation are presented with parenthesis.

	Quarter ended
(In thousands)	March 31, 2015		March 31, 2014		Category
Interest expense on deposits	$	(11)	$	(20)	Interest expense
ATH and credit cards interchange income from services to EVERTEC		6,487		6,419	Other service fees
Rental income charged to EVERTEC		1,724		1,677	Net occupancy
Processing fees on services provided by EVERTEC		(39,504)		(38,762)	Professional fees
Other services provided to EVERTEC		324		221	Other operating expenses
Total	$	(30,980)	$	(30,465)

As indicated in Note 27 to the consolidated financial statements, the Corporation holds a 24.9% equity interest in PRLP 2011 Holdings, LLC and currently provides certain financing to the joint venture as well as holds certain deposits from the entity.

The Corporation's equity in PRLP 2011 Holdings, LLC is presented in the table which follows and is included as part of “other assets” in the consolidated statements of financial condition.

(In thousands)		March 31, 2015			December 31, 2014
Equity investment in PRLP 2011 Holdings, LLC	$	24,683		$	23,650

The Corporation had the following financial condition balances outstanding with PRLP 2011 Holdings, LLC at March 31, 2015 and December 31, 2014.

(In thousands)	March 31, 2015				December 31, 2014
Loans	$	3,277	$	4,652
Accrued interest receivable		19		22
Deposits (non-interest bearing)		(3,171)		(2,685)
Net total	$	125	$	1,989

The Corporation's proportionate share of income or loss from PRLP 2011 Holdings, LLC is included in other operating income in the consolidated statements of operations. The following table presents the Corporation's proportionate share of income (loss) from PRLP 2011 Holdings, LLC for the quarters ended March 31, 2015 and 2014.

		Quarters ended March 31,
(In thousands)		2015		2014
Share of income (loss) from the equity investment in PRLP 2011 Holdings, LLC	$	1,033	$	(1,746)

The following table presents transactions between the Corporation and PRLP 2011 Holdings, LLC and their impact on the Corporation's results of operations for the quarters ended March 31, 2015 and 2014.

		Quarters ended March 31,
(In thousands)	2015		2014		Category
Interest (loss) income on loan to PRLP 2011 Holdings, LLC	$	(62)	$	172	Interest income

As indicated in Note 27 to the consolidated financial statements, effective March 2013 the Corporation holds a 24.9% equity interest in PR Asset Portfolio 2013-1 International, LLC and currently provides certain financing to the joint venture as well as holds certain deposits from the entity.

The Corporation's equity in PR Asset Portfolio 2013-1 International, LLC is presented in the table which follows and is included as part of “other assets” in the consolidated statements of financial condition.

(In thousands)		March 31, 2015			December 31, 2014
Equity investment in PR Asset Portfolio 2013-1 International, LLC	$	27,039		$	31,374

The Corporation had the following financial condition balances outstanding with PR Asset Portfolio 2013-1 International, LLC, at March 31, 2015 and December 31, 2014.

(In thousands)	March 31, 2015		December 31, 2014
Loans	$	95,519	$	110,643
Accrued interest receivable		274		314
Deposits		(10,685)		(12,960)
Net total	$	85,108	$	97,997

The Corporation's proportionate share of income or loss from PR Asset Portfolio 2013-1 International, LLC is included in other operating income in the consolidated statements of operations. The following table presents the Corporation's proportionate share of income (loss) from PR Asset Portfolio 2013-1 International, LLC for quarters ended March 31, 2015 and 2014.

		Quarters ended March 31,
(In thousands)	2015			2014
Share of (loss) income from the equity investment in PR Asset Portfolio 2013-1 International, LLC	$	(4,335)	$	1,288

The following table presents transactions between the Corporation and PR Asset Portfolio 2013-1 International, LLC and their impact on the Corporation's results of operations for the quarters ended March 31, 2015 and 2014.

	Quarters ended March 31,
(In thousands)	2015		2014		Category
Interest income on loan to PR Asset Portfolio 2013-1 International, LLC	$	866	$	1,262	Interest income
Servicing fee paid by PR Asset Portfolio 2013-1 International, LLC		-		70	Other service fees
Total	$	866	$	1,332