Supplemental disclosure on the consolidated statements of cash flows

12 Months Ended

Dec. 31, 2016

Supplemental Cash Flow Information

Supplemental Disclosure on the Consolidated Statements of Cash Flows

Note 41–Supplemental disclosure on the consolidated statements of cash flows

Additional disclosures on cash flow information and non-cash activities for the years ended December 31,2016, 2015and2014are listed in the following table:

(In thousands)			2016		2015		2014
Income taxes paid		$	3,763	$	7,152	$	54,520
Interest paid			212,353		193,503		696,631
Non-cash activities:
Loans transferred to other real estate		$	117,334	$	136,368	$	154,358
Loans transferred to other property			28,614		36,106		38,958
Total loans transferred to foreclosed assets			145,948		172,474		193,316
Financed sales of other real estate assets			15,452		24,104		26,869
Financed sales of other foreclosed assets			17,351		22,745		23,762
Total financed sales of foreclosed assets			32,803		46,849		50,631
Transfers from loans held-in-portfolio to loans held-for-sale			7,249		65,063		2,161,669
Transfers from loans held-for-sale to loans held-in-portfolio			5,947		17,065		41,293
Transfers from trading securities to available-for-sale securities			-		63,645		-
Loans securitized into investment securities[1]			775,612		1,088,121		899,604
Trades receivables from brokers and counterparties			46,630		78,759		66,949
Trades payable to brokers and counterparties			102		6,150		2,000
Recognition of mortgage servicing rights on securitizations or asset transfers			10,884		13,460		12,583
[1]	Includes loans securitized into trading securities and subsequently sold before year 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, BPPRreceived net cash proceeds of approximately $ 731million for consideration of the assets and liabilities acquired.

During the year ended December 31, 2014 BPNA completed the sale of its Illinois, Central Florida and California regional operations. As part of these transactions, BPNA made a net cash disbursement of $206.0 million for consideration of the assets and liabilities sold, as follows:

(In thousands)		December 31, 2014
Loans held-for-sale	$	1,739,101
Premises and equipment, net		16,223
Other assets		16,853
Deposits		(2,009,816)
Other liabilities		(6,611)
Net liabilities sold	$	(244,250)