comply with various governmental and regulatory requirements applicable to financial institutions ; the impact of recent and future legislative and regulatory changes , including changes in banking , securities and tax laws and regulations and their application by our regulators , such as the dodd-frank act ; governmental monetary and fiscal policies , including the policies of the federal reserve ; our ability to comply with supervisory actions by federal and state banking agencies ; changes in the scope and cost of fdic , insurance and other coverage ; and systemic risks associated with the soundness of other financial institutions . the following discussion and analysis of our financial condition and results of operations should be read in conjunction with `` item 6selected consolidated financial data `` and our consolidated financial statements and the accompanying notes included elsewhere in this annual report on form 10-k. this discussion and analysis contains forward-looking statements that are subject to certain risks and uncertainties and are based on certain assumptions that we believe are reasonable but may prove to be inaccurate . certain risks , uncertainties and other factors , including those set forth in `` item 1arisk factors `` and elsewhere in this annual report , may cause actual results to differ materially from those projected results discussed in the forward-looking statements appearing in this discussion and analysis . we assume no obligation to update any of these forward-looking statements . 44 overview we are a bank holding company headquartered in dallas , texas . through our wholly-owned subsidiary , veritex community bank , a texas state chartered bank , we provide relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals . since our inception , we have targeted customers and focused our acquisitions primarily in the dallas metropolitan area , which we consider to be dallas and the adjacent communities in north dallas . as we continue to grow , we expect to expand our primary market to include the broader dallas-fort worth metropolitan area , which would include fort worth and arlington , as well as the communities adjacent to those cities . we currently operate eight branches and one mortgage office , all of which are located in the dallas metropolitan area . we have experienced significant organic growth since commencing banking operations in 2010 and have successfully acquired and integrated three banks . as of december 31 , 2014 , we had total assets of $ 802.3 million , total loans of $ 603.3 million , total deposits of $ 638.7 million and total stockholders ' equity of $ 113.3 million . as a bank holding company operating through one segment , community banking , we generate most of our revenues from interest income on loans , customer service and loan fees , gains on sale of mortgage loans , and interest income from securities . we incur interest expense on deposits and other borrowed funds and noninterest expense , such as salaries and employee benefits and occupancy expenses . we analyze our ability to maximize income generated from interest earning assets and expense of our liabilities through our net interest margin . net interest margin is a ratio calculated as net interest income divided by average interest-earning assets . net interest income is the difference between interest income on interest-earning assets , such as loans and securities , and interest expense on interest-bearing liabilities , such as deposits and borrowings , which are used to fund those assets . changes in the market interest rates and interest rates we earn on interest- earning assets or pay on interest-bearing liabilities , as well as the volume and types of interest-earning assets , interest-bearing and noninterest-bearing liabilities and stockholders ' equity , are usually the largest drivers of periodic changes in net interest spread , net interest margin and net interest income . fluctuations in market interest rates are driven by many factors , including governmental monetary policies , inflation , deflation , macroeconomic developments , changes in unemployment , the money supply , political and international conditions and conditions in domestic and foreign financial markets . periodic changes in the volume and types of loans in our loan portfolio are affected by , among other factors , economic and competitive conditions in texas and specifically in the dallas metropolitan area , as well as developments affecting the real estate , technology , financial services , insurance , transportation , manufacturing and energy sectors within our target market and throughout the state of texas . results of operations for the fiscal years ended december 31 , 2014 and december 31 , 2013 net interest income our operating results depend primarily on our net interest income , calculated as the difference between interest income on interest-earning assets , such as loans and securities , and interest expense on interest-bearing liabilities , such as deposits and borrowings . fluctuations in market interest rates impact the yield and rates paid on interest sensitive assets and liabilities . changes in the amount and type of interest-earning assets and interest-bearing liabilities also impact net interest income . the variance driven by the changes in the amount and mix of interest-earning assets and interest-bearing liabilities is referred to as a `` volume change . `` changes in yields earned on interest-earning assets and rates paid on interest-bearing deposits and other borrowed funds are referred to as a `` rate change . `` to evaluate net interest income , we measure and monitor ( 1 ) yields on our loans and other interest-earning assets , ( 2 ) the costs of our deposits and other funding sources , ( 3 ) our net interest spread and ( 4 ) our net interest margin . net interest spread is the difference between rates earned on interest-earning assets and rates paid on interest-bearing liabilities . story_separator_special_tag the growth in interest income was primarily attributable to a $ 91.5 million or 26.7 % increase in average loans outstanding for the year ended december 31 , 2013 , compared to 2012 , partially offset by a 0.62 % decrease in the yield on interest-earning assets . the increase in average loans outstanding was due to an increase in new customer accounts and an increase in existing customer balances . the decrease in the average yield on the loan portfolio was primarily due to the low interest rate environment and its impact on competitive loan pricing . while we experienced significant growth in average loan balances , market yields on new loan originations were below the average yield of amortizing or paid-off loans . due to the continued impact of new loan growth and the runoff of higher yielding loan balances , we anticipate continued interest rate pressure on our total interest-earning assets . the decline in average loan yields is also the result of a reduction in deferred loan fees and a declining purchase discount accretion . interest income on loans was $ 22.8 million for 2013 , an increase of $ 2.2 million or 10.7 % compared to 2012 due to the increase in average loans outstanding . interest income on securities was $ 613,000 during 2013 , a decrease of $ 42,000 over 2012 , due to the continued low rate environment . investment portfolio purchases during 2013 were targeted short duration , low price risk mortgage-backed securities , which provided lower yields . interest expense was $ 2.5 million for 2013 , an increase of $ 164,000 over 2012. average interest-bearing deposits increased $ 44.0 million for 2013 compared to 2012 , $ 36.7 million of which resulted from increases in money market balances . the average rate on interest-bearing deposits decreased from 0.74 % to 0.71 % for the same period , resulting in a $ 29,000 decrease in related interest expense . average certificates and other time deposits increased $ 7.8 million for 2013 compared to 2012 , $ 5.0 million of which resulted from the purchase of six month brokered deposits , and the average rate decreased from 1.10 % to 1.06 % for the same period , resulting in a decrease in related interest expense of $ 48,000. net interest income was also materially impacted by a $ 49.3 million or 35.4 % increase in average noninterest-bearing deposits during 2013 , which was primarily attributable to growth in customer relationships and noninterest- bearing checking accounts . total cost of funds decreased 0.12 % to 0.44 % for the year ended december 31 , 2013 from 0.56 % for the year ended december 31 , 2012. net interest margin , defined as net interest income divided by average interest-earning assets , for 2013 was 3.96 % , a decrease of 0.54 % compared to 4.50 % for 2012. the following table presents , for the periods indicated , the total dollar amount of average balances , interest income from average interest-earning assets and the resultant yields , as well as the interest expense on average interest-bearing liabilities , expressed both in dollars and rates . average 53 balances for 2013 and 2012 are daily average balances . any non-accrual loans have been included in the table as loans carrying a zero yield . replace_table_token_13_th ( 1 ) includes average outstanding balances of loans held for sale of $ 2.2 million , $ 741,000 for 2013 and 2012 , respectively . ( 2 ) net interest spread is the average yield on interest-earning assets minus the average rate on interest-bearing liabilities . ( 3 ) net interest margin is equal to net interest income divided by average interest-earning assets . the following table presents information regarding the dollar amount of changes in interest income and interest expense for the periods indicated for each major component of interest-earning assets and interest-bearing liabilities and distinguishes between the changes attributable to changes in 54 volume and changes attributable to changes in interest rates . for purposes of this table , changes attributable to both rate and volume which can not be segregated have been allocated to rate . replace_table_token_14_th provision for loan losses the provision for loan losses for the year ended december 31 , 2013 was $ 1.9 million compared to $ 3.0 million for the year ended december 31 , 2012. the decrease in provision expense was due to a reduction in the level of specific reserves needed to cover classified loans and a lower amount of expense required to replenish the reserve from the net charge-off of loans . this reduction was partially offset by general reserves needed to cover the amount of growth in the loan portfolio . net charge-offs for the years ended december 31 , 2013 and 2012 were $ 103,000 and $ 727,000 , respectively . this decrease of 86.0 % reflected a decrease in gross charge-offs from $ 801,000 for the year ended december 31 , 2012 to $ 240,000 for the year ended december 31 , 2013 and an increase in recoveries from $ 74,000 for the year ended december 31 , 2012 to $ 137,000 for the year ended december 31 , 2013. the decrease in net charge-offs was largely a result of improvement in the quality of our loan portfolio . 55 noninterest income for the year ended december 31 , 2013 , noninterest income totaled $ 2.4 million , an increase of $ 744,000 or 45.2 % compared to 2012. the following table presents , for the periods indicated , the major categories of noninterest income : replace_table_token_15_th service charges on deposit accounts . service charges on deposit accounts increased $ 26,000 or 3.7 % in 2013 compared to 2012 primarily due to the increase in the number of deposit accounts from organic deposit growth . the number of deposit accounts grew to 8,222 from 7,539 an increase of 683 or 9.1 % between

liquidity and capital resources liquidity liquidity involves our ability to raise funds to support asset growth and acquisitions or reduce assets to meet deposit withdrawals and other payment obligations , to maintain reserve requirements and otherwise to operate on an ongoing basis and manage unexpected events . for the the year ended december 31 , 2014 and the years ended december 31 , 2013 and 2012 , our liquidity needs were primarily met by core deposits , security and loan maturities and amortizing investment and loan portfolios . although access to brokered deposits , purchased funds from correspondent banks and overnight advances from the fhlb and the federal reserve bank of dallas are available and have been utilized on occasion to take advantage of investment opportunities , we do not generally rely on these external funding sources . we maintained two lines of credit with commercial banks which provide for extensions of credit with an availability to borrow up to an aggregate $ 14.6 million as of december 31 , 2014 and december 31 , 2013 and $ 12.6 million as of december 31 , 2012. there were no advances under these lines of credit outstanding as of december 31 , 2014 , december 31 , 2013 and december 31 , 2012. the following table illustrates , during the periods presented , the mix of our funding sources and the average assets in which those funds are invested as a percentage of our average total assets for the period indicated . average assets totaled $ 713.0 million for the the year ended december 31 , 2014 , 72 $ 584.1 million for the year ended december 31 , 2013 and $ 472.8 million for the year ended december 31 , 2012. replace_table_token_35_th our primary source of funds is deposits , and our primary use of funds is loans . we do not expect a change in the primary source or use of our funds in the foreseeable future .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources liquidity liquidity involves our ability to raise funds to support asset growth and acquisitions or reduce assets to meet deposit withdrawals and other payment obligations , to maintain reserve requirements and otherwise to operate on an ongoing basis and manage unexpected events . for the the year ended december 31 , 2014 and the years ended december 31 , 2013 and 2012 , our liquidity needs were primarily met by core deposits , security and loan maturities and amortizing investment and loan portfolios . although access to brokered deposits , purchased funds from correspondent banks and overnight advances from the fhlb and the federal reserve bank of dallas are available and have been utilized on occasion to take advantage of investment opportunities , we do not generally rely on these external funding sources . we maintained two lines of credit with commercial banks which provide for extensions of credit with an availability to borrow up to an aggregate $ 14.6 million as of december 31 , 2014 and december 31 , 2013 and $ 12.6 million as of december 31 , 2012. there were no advances under these lines of credit outstanding as of december 31 , 2014 , december 31 , 2013 and december 31 , 2012. the following table illustrates , during the periods presented , the mix of our funding sources and the average assets in which those funds are invested as a percentage of our average total assets for the period indicated . average assets totaled $ 713.0 million for the the year ended december 31 , 2014 , 72 $ 584.1 million for the year ended december 31 , 2013 and $ 472.8 million for the year ended december 31 , 2012. replace_table_token_35_th our primary source of funds is deposits , and our primary use of funds is loans . we do not expect a change in the primary source or use of our funds in the foreseeable future .
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 Suspicious Activity Report : comply with various governmental and regulatory requirements applicable to financial institutions ; the impact of recent and future legislative and regulatory changes , including changes in banking , securities and tax laws and regulations and their application by our regulators , such as the dodd-frank act ; governmental monetary and fiscal policies , including the policies of the federal reserve ; our ability to comply with supervisory actions by federal and state banking agencies ; changes in the scope and cost of fdic , insurance and other coverage ; and systemic risks associated with the soundness of other financial institutions . the following discussion and analysis of our financial condition and results of operations should be read in conjunction with `` item 6selected consolidated financial data `` and our consolidated financial statements and the accompanying notes included elsewhere in this annual report on form 10-k. this discussion and analysis contains forward-looking statements that are subject to certain risks and uncertainties and are based on certain assumptions that we believe are reasonable but may prove to be inaccurate . certain risks , uncertainties and other factors , including those set forth in `` item 1arisk factors `` and elsewhere in this annual report , may cause actual results to differ materially from those projected results discussed in the forward-looking statements appearing in this discussion and analysis . we assume no obligation to update any of these forward-looking statements . 44 overview we are a bank holding company headquartered in dallas , texas . through our wholly-owned subsidiary , veritex community bank , a texas state chartered bank , we provide relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals . since our inception , we have targeted customers and focused our acquisitions primarily in the dallas metropolitan area , which we consider to be dallas and the adjacent communities in north dallas . as we continue to grow , we expect to expand our primary market to include the broader dallas-fort worth metropolitan area , which would include fort worth and arlington , as well as the communities adjacent to those cities . we currently operate eight branches and one mortgage office , all of which are located in the dallas metropolitan area . we have experienced significant organic growth since commencing banking operations in 2010 and have successfully acquired and integrated three banks . as of december 31 , 2014 , we had total assets of $ 802.3 million , total loans of $ 603.3 million , total deposits of $ 638.7 million and total stockholders ' equity of $ 113.3 million . as a bank holding company operating through one segment , community banking , we generate most of our revenues from interest income on loans , customer service and loan fees , gains on sale of mortgage loans , and interest income from securities . we incur interest expense on deposits and other borrowed funds and noninterest expense , such as salaries and employee benefits and occupancy expenses . we analyze our ability to maximize income generated from interest earning assets and expense of our liabilities through our net interest margin . net interest margin is a ratio calculated as net interest income divided by average interest-earning assets . net interest income is the difference between interest income on interest-earning assets , such as loans and securities , and interest expense on interest-bearing liabilities , such as deposits and borrowings , which are used to fund those assets . changes in the market interest rates and interest rates we earn on interest- earning assets or pay on interest-bearing liabilities , as well as the volume and types of interest-earning assets , interest-bearing and noninterest-bearing liabilities and stockholders ' equity , are usually the largest drivers of periodic changes in net interest spread , net interest margin and net interest income . fluctuations in market interest rates are driven by many factors , including governmental monetary policies , inflation , deflation , macroeconomic developments , changes in unemployment , the money supply , political and international conditions and conditions in domestic and foreign financial markets . periodic changes in the volume and types of loans in our loan portfolio are affected by , among other factors , economic and competitive conditions in texas and specifically in the dallas metropolitan area , as well as developments affecting the real estate , technology , financial services , insurance , transportation , manufacturing and energy sectors within our target market and throughout the state of texas . results of operations for the fiscal years ended december 31 , 2014 and december 31 , 2013 net interest income our operating results depend primarily on our net interest income , calculated as the difference between interest income on interest-earning assets , such as loans and securities , and interest expense on interest-bearing liabilities , such as deposits and borrowings . fluctuations in market interest rates impact the yield and rates paid on interest sensitive assets and liabilities . changes in the amount and type of interest-earning assets and interest-bearing liabilities also impact net interest income . the variance driven by the changes in the amount and mix of interest-earning assets and interest-bearing liabilities is referred to as a `` volume change . `` changes in yields earned on interest-earning assets and rates paid on interest-bearing deposits and other borrowed funds are referred to as a `` rate change . `` to evaluate net interest income , we measure and monitor ( 1 ) yields on our loans and other interest-earning assets , ( 2 ) the costs of our deposits and other funding sources , ( 3 ) our net interest spread and ( 4 ) our net interest margin . net interest spread is the difference between rates earned on interest-earning assets and rates paid on interest-bearing liabilities . story_separator_special_tag the growth in interest income was primarily attributable to a $ 91.5 million or 26.7 % increase in average loans outstanding for the year ended december 31 , 2013 , compared to 2012 , partially offset by a 0.62 % decrease in the yield on interest-earning assets . the increase in average loans outstanding was due to an increase in new customer accounts and an increase in existing customer balances . the decrease in the average yield on the loan portfolio was primarily due to the low interest rate environment and its impact on competitive loan pricing . while we experienced significant growth in average loan balances , market yields on new loan originations were below the average yield of amortizing or paid-off loans . due to the continued impact of new loan growth and the runoff of higher yielding loan balances , we anticipate continued interest rate pressure on our total interest-earning assets . the decline in average loan yields is also the result of a reduction in deferred loan fees and a declining purchase discount accretion . interest income on loans was $ 22.8 million for 2013 , an increase of $ 2.2 million or 10.7 % compared to 2012 due to the increase in average loans outstanding . interest income on securities was $ 613,000 during 2013 , a decrease of $ 42,000 over 2012 , due to the continued low rate environment . investment portfolio purchases during 2013 were targeted short duration , low price risk mortgage-backed securities , which provided lower yields . interest expense was $ 2.5 million for 2013 , an increase of $ 164,000 over 2012. average interest-bearing deposits increased $ 44.0 million for 2013 compared to 2012 , $ 36.7 million of which resulted from increases in money market balances . the average rate on interest-bearing deposits decreased from 0.74 % to 0.71 % for the same period , resulting in a $ 29,000 decrease in related interest expense . average certificates and other time deposits increased $ 7.8 million for 2013 compared to 2012 , $ 5.0 million of which resulted from the purchase of six month brokered deposits , and the average rate decreased from 1.10 % to 1.06 % for the same period , resulting in a decrease in related interest expense of $ 48,000. net interest income was also materially impacted by a $ 49.3 million or 35.4 % increase in average noninterest-bearing deposits during 2013 , which was primarily attributable to growth in customer relationships and noninterest- bearing checking accounts . total cost of funds decreased 0.12 % to 0.44 % for the year ended december 31 , 2013 from 0.56 % for the year ended december 31 , 2012. net interest margin , defined as net interest income divided by average interest-earning assets , for 2013 was 3.96 % , a decrease of 0.54 % compared to 4.50 % for 2012. the following table presents , for the periods indicated , the total dollar amount of average balances , interest income from average interest-earning assets and the resultant yields , as well as the interest expense on average interest-bearing liabilities , expressed both in dollars and rates . average 53 balances for 2013 and 2012 are daily average balances . any non-accrual loans have been included in the table as loans carrying a zero yield . replace_table_token_13_th ( 1 ) includes average outstanding balances of loans held for sale of $ 2.2 million , $ 741,000 for 2013 and 2012 , respectively . ( 2 ) net interest spread is the average yield on interest-earning assets minus the average rate on interest-bearing liabilities . ( 3 ) net interest margin is equal to net interest income divided by average interest-earning assets . the following table presents information regarding the dollar amount of changes in interest income and interest expense for the periods indicated for each major component of interest-earning assets and interest-bearing liabilities and distinguishes between the changes attributable to changes in 54 volume and changes attributable to changes in interest rates . for purposes of this table , changes attributable to both rate and volume which can not be segregated have been allocated to rate . replace_table_token_14_th provision for loan losses the provision for loan losses for the year ended december 31 , 2013 was $ 1.9 million compared to $ 3.0 million for the year ended december 31 , 2012. the decrease in provision expense was due to a reduction in the level of specific reserves needed to cover classified loans and a lower amount of expense required to replenish the reserve from the net charge-off of loans . this reduction was partially offset by general reserves needed to cover the amount of growth in the loan portfolio . net charge-offs for the years ended december 31 , 2013 and 2012 were $ 103,000 and $ 727,000 , respectively . this decrease of 86.0 % reflected a decrease in gross charge-offs from $ 801,000 for the year ended december 31 , 2012 to $ 240,000 for the year ended december 31 , 2013 and an increase in recoveries from $ 74,000 for the year ended december 31 , 2012 to $ 137,000 for the year ended december 31 , 2013. the decrease in net charge-offs was largely a result of improvement in the quality of our loan portfolio . 55 noninterest income for the year ended december 31 , 2013 , noninterest income totaled $ 2.4 million , an increase of $ 744,000 or 45.2 % compared to 2012. the following table presents , for the periods indicated , the major categories of noninterest income : replace_table_token_15_th service charges on deposit accounts . service charges on deposit accounts increased $ 26,000 or 3.7 % in 2013 compared to 2012 primarily due to the increase in the number of deposit accounts from organic deposit growth . the number of deposit accounts grew to 8,222 from 7,539 an increase of 683 or 9.1 % between

