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SUPPLEMENTAL CASH FLOW INFORMATION
3 Months Ended
Sep. 30, 2014
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 20 – SUPPLEMENTAL CASH FLOW INFORMATION

 

Supplemental cash flow information is as follows:

 Nine-Month Period Ended September 30,
 2014 2013
 (In thousands)
      
Cash paid for:     
Interest on borrowings$ 76,975 $ 93,373
Income tax  6,427   3,508
Non-cash investing and financing activities:     
Additions to other real estate owned  19,313   54,937
Additions to auto and other repossessed assets  69,409   52,146
Capitalization of servicing assets  3,144   6,467
Loan securitizations  144,569   300,241
Loans held for investment transferred to held for sale  -   181,620
Preferred stock exchanged for new common stock issued:     
Preferred stock exchanged (Series A through E)  26,022   -
New common stock issued  24,363   -