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Supplemental disclosure on the consolidated statements of cash flows
12 Months Ended
Dec. 31, 2023
Supplemental Cash Flow Information  
Supplemental Disclosure on the Consolidated Statements of Cash Flows
Note 36 – 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, 2023, 2022 and 2021 are
listed in the following table:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
2023
2022
2021
Income taxes paid
$
185,423
$
178,808
$
64,997
Interest paid
1,093,968
292,491
170,442
Non-cash activities:
 
Loans transferred to other real estate
60,976
64,953
57,638
 
Loans transferred to other property
72,069
51,642
45,144
 
Total loans transferred
 
to foreclosed assets
133,045
116,595
102,782
 
Loans transferred to other assets
28,616
8,664
7,219
 
Financed sales of other real estate assets
10,378
8,535
13,014
 
Financed sales of other foreclosed assets
49,361
38,467
43,060
 
Total financed sales
 
of foreclosed assets
59,739
47,002
56,074
 
Financed sale of premises and equipment
88,537
47,697
31,085
 
Transfers from premises and equipment to
 
long-lived assets held-for-sale
-
1,739
32,103
 
Transfers from loans held-in-portfolio to
 
loans held-for-sale
57,526
11,531
69,890
 
Transfers from loans held-for-sale to loans
 
held-in-portfolio
5,354
26,425
9,762
 
Transfers from available-for-sale to held-to-maturity
 
debt securities
-
6,531,092
-
 
Loans securitized into investment securities
[1]
37,345
300,279
732,533
 
Trades receivables from brokers and
 
counterparties
31
9,461
64,824
 
Trades payable to brokers and counterparties
30
9,461
13,789
 
Net change in receivables from investments securities
51,000
125,000
-
 
Recognition of mortgage servicing rights on securitizations
 
or asset transfers
2,097
6,614
13,391
 
Loans booked under the GNMA buy-back option
6,014
9,799
19,798
 
Capitalization of right of use assets
23,991
17,932
35,683
 
Acquisition of software intangible assets
-
28,650
-
 
Goodwill on acquisition
-
116,135
-
 
Total stock consideration
 
related to Evertec transactions
-
144,785
-
[1]
 
Includes loans securitized into trading securities and subsequently
 
sold before year end.
The following table provides a reconciliation of
 
cash and due from banks, and restricted cash
 
reported within the Consolidated
Statement of Financial Condition that sum to the total of
 
the same such amounts shown in the Consolidated
 
Statement of Cash
Flows.
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
December 31, 2023
December 31, 2022
December 31, 2021
Cash and due from banks
$
383,385
$
423,233
$
411,346
Restricted cash and due from banks
37,077
46,268
17,087
Restricted cash in money market investments
7,113
6,658
6,079
Total cash and due
 
from banks, and restricted cash
[2]
$
427,575
$
476,159
$
434,512
[2]
 
Refer to Note 5 - Restrictions on cash and due from banks
 
and certain securities for nature of restrictions.