Supplemental disclosure on the consolidated statements of cash flows

3 Months Ended

Mar. 31, 2016

Supplemental Disclosure on the Consolidated Statements of Cash Flows

Note 34 – Supplemental disclosure on the consolidated statements of cash flows

Additional disclosures on cash flow information and non-cash activities for the quarters ended March 31, 2016 and March 31, 2015 are listed in the following table:


(In thousands)		March 31, 2016		March 31, 2015
Non-cash activities:
Loans transferred to other real estate	$	26,919	$	30,802
Loans transferred to other property		7,693		8,979
Total loans transferred to foreclosed assets		34,612		39,781
Transfers from loans held-in-portfolio to loans held-for-sale		-		10,839
Transfers from loans held-for-sale to loans held-in-portfolio		3,821		4,858
Loans securitized into investment securities^[1]		170,248		203,414
Trades receivable from brokers and counterparties		87,590		112,287
Trades payable to brokers and counterparties		32,774		19,097
Recognition of mortgage servicing rights on securitizations or asset transfers		2,136		2,859
[1] Includes loans securitized into trading securities and subsequently sold before quarter end.

As previously disclosed in Note 5, Business Combination, on February 27, 2015, the Corporation’s Puerto Rico banking subsidiary, BPPR, in an alliance with co-bidders, including the Corporation’s U.S. mainland banking subsidiary, BPNA, acquired certain assets and all deposits (other than certain brokered deposits) of Doral Bank from the FDIC as receiver. As part of this transaction, BPPR received during the quarter ended March 31, 2015 net cash proceeds of approximately $ 711 million for consideration of the assets and liabilities acquired.