in recent years , management 's focus has been on improving our core earnings . core earnings can be described as income before taxes , with the exclusion of gain on sale of loans and adjustments to the market value of our loans serviced portfolio . management believes that we will need to continue to focus on increasing net interest margin , other areas of fee income , and control operating expenses to achieve earnings growth going forward . management 's strategy of growing the loan portfolio and deposit base is expected to help achieve these goals : loans typically earn higher rates of return than investments ; a larger deposit base will yield higher fee income ; increasing the asset base will reduce the relative impact of fixed operating costs . the biggest challenge to management 's strategy is funding the growth of our balance sheet in an efficient manner . though deposit growth this last year was steady , it may become more difficult to maintain due to significant competition and possible reduced customer demand for deposits as customers may shift into other asset classes . 23 other than in limited circumstances for certain high-credit-quality customers , we do not offer “ interest onl y ” mortgage loans on residential ( 1-4 family ) properties ( where the borrower pays interest but no principal for an initial period , after which the loan converts to a fully amortizing loan ) . we also do not offer loans that provide for negative amortization of principal , such as “ option arm ” loans , where the borrower can pay less than the interest owed on their loan , resulting in an increased principal balance during the life of the loan . we do not offer “ subprime loans ” ( loans that generally target borrowers with weakened credit histories typically characterized by payment delinquencies , previous charge-offs , judgments , bankruptcies , or borrowers with questionable repayment capacity as evidenced by low credit scores or high debt-burden ratios ) or alt-a loans ( traditionally defined as loans having less than full documentation ) . the level and movement of interest rates impacts the bank 's earnings as well . the federal open market committee ( “ fomc ” ) increased the federal funds target rate during the year ended december 31 , 2017 from 0.75 % to 1.50 % . from time to time the bank has considered growth through mergers or acquisition as an alternative to its strategy of organ ic growth . on september 5 , 2017 , the company entered into an agreement and plan of merger with twinco and twinco 's wholly-owned subsidiary , ruby valley bank . the merger agreement provided that ruby valley bank would merge with and into opportunity bank of montana . ruby valley bank operated two branches in madison county , montana with approximately $ 96.00 million in assets , $ 81.00 million in deposits and $ 57.00 million in gross loans as of december 31 , 2017. this acquisition closed january 31 , 2018 , after receipt of approvals from regulatory authorities , approval of twinco shareholders and satisfaction of other closing conditions . the bank completed a core systems conversion during the third quarter of 2015. future cost savings are anticipated due to the core systems conversion . recent accounting pronouncements in may 2014 , the fasb issued asu no . 2014-09 , revenue from contracts with customers ( topic 606 ) . this guidance is a comprehensive new revenue recognition standard that will supersede substantially all existing revenue recognition guidance . the new standard 's core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services . in doing so , companies will need to use more judgment and make more estimates than under existing guidance . these may include identifying performance obligations in the contract , estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation . on july 9 , 2015 , the fasb agreed to delay the effective date of the standard by one year . therefore , the new standard will be effective in the first quarter of 2018. our revenue is comprised of net interest income on financial assets and financial liabilities , which is explicitly excluded from the scope of asu 2014-09 , and non-interest income . the largest percentage of our non-interest income is derived from the gain on sale of mortgage loans . the gains are recognized at the time of the sale of the loan , when proceeds are sent to us by the investor purchasing the loan . we do not expect to realize a change in the recognition of the revenue on that part of our noninterest income . we will evaluate the impact of this standard on our revenue from our wealth management division ; however we do not expect it to have a significant impact on our consolidated financial statements . in january 2016 , the fasb issued asu no . 2016-01 , financial instruments – overall : recognition and measurement of financial assets and financial liabilities ( subtopic 825-10 ) . the amendment has a number of provisions including the requirements that public business entities use the exit price notion when measuring the fair value of financial instruments for disclosure purposes , a separate presentation of financial assets and financial liabilities by measurement category and form of financial asset ( i.e . securities or loans receivables ) , and eliminating the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost . story_separator_special_tag million . construction and home equity loan originations totaled $ 29.26 million and $ 20.71 million , respectively , for the same period . consumer loan originations totaled $ 9.14 million . commercial loan originations totaled $ 36.87 million . there were no commercial loan originations from loan syndication programs with borrowers residing outside of montana during the year ended december 31 , 2017. loans held-for-sale decreased by $ 9.28 million , to $ 8.95 million at december 31 , 2017 from $ 18.23 million at december 31 , 2016 . 29 loan maturit ies . the following table sets forth the estimated maturity of the loan portfolio of the bank at december 31 , 2017. balances exclude deferred loan fees and allowance for loan losses . scheduled principal repayments of loans do not necessarily reflect the actual life of such assets . the average life of a loan is typically substantially less than its contractual terms because of prepayments . in addition , due on sale clauses on loans generally give the bank the right to declare loans immediately due and payable in the event , among other things , the borrower sells the real property , subject to the mortgage , and the loan is not paid off . all mortgage loans are shown to be maturing based on the date of the last payment required by the loan agreement , except as noted . loans having no stated maturity , those without a scheduled payment , demand loans and matured loans , are shown as due within six months . replace_table_token_5_th ( 1 ) includes loans held-for-sale . the following table includes loans by fixed or adjustable rates at december 31 , 2017 : replace_table_token_6_th ( 1 ) includes loans held-for-sale . 30 the following table sets forth information with respect to our loan originations , purchases and sales activity : replace_table_token_7_th ( 1 ) includes loans held-for-sale . nonperforming assets . generally , our collection procedures provide that when a loan is 15 or more days delinquent , the borrower is sent a past due notice . if the loan becomes 30 days delinquent , the borrower is sent a written delinquency notice requiring payment . if the delinquency continues , subsequent efforts are made to contact the delinquent borrower , including face to face meetings and counseling to resolve the delinquency . all collection actions are undertaken with the objective of compliance with the fair debt collection act . for mortgage loans and home equity loans , if the borrower is unable to cure the delinquency or reach a payment agreement , we will institute foreclosure actions . if a foreclosure action is taken and the loan is not reinstated , paid in full or refinanced , the property is sold at judicial sale at which we may be the buyer if there are no adequate offers to satisfy the debt . any property acquired as the result of foreclosure , or by deed in lieu of foreclosure , is classified as real estate owned until such time as it is sold or otherwise disposed of . when real estate owned is acquired , it is recorded at its fair market value less estimated selling costs . the initial recording of any loss is charged to the allowance for loan losses . subsequent write-downs are recorded as a charge to operations . as of december 31 , 2017 , the bank had $ 483,000 of real estate owned . loans are reviewed on a quarterly basis and are placed on non-accrual status when they are 90 days or more delinquent . loans may be placed on non-accrual status at any time if , in the opinion of management , the collection of additional interest is doubtful . interest accrued and unpaid at the time a loan is placed on non-accrual status is charged against interest income . subsequent payments are either applied to the outstanding principal balance or recorded as interest income , depending on the assessment of the ultimate collectability of the loan . at december 31 , 2017 , we had $ 977,000 ( $ 928,000 net of specific reserves for loan losses ) of loans that were nonperforming and held on non-accrual status . 31 the following table provides information regarding the bank 's loans that are delinquent 30 to 89 days : replace_table_token_8_th the following table sets forth information regarding nonperforming assets : replace_table_token_9_th during the year ended december 31 , 2017 , the bank sold five real estate owned and other repossessed assets resulting in a net loss of $ 29,000. there were two write-downs on fair value less cost to sell for foreclosed real estate property and other repossessed for a loss of $ 45,000 during the year ended december 31 , 2017. during the year ended december 31 , 2017 , a minimal amount of interest was recorded on loans previously accounted for on a non-accrual basis . during the year ended december 31 , 2016 , the bank sold five real estate owned and other repossessed assets resulting in a net gain of $ 6,000. there were no write-downs on fair value less cost to sell for foreclosed real estate property and other repossessed during the year ended december 31 , 2017. during the year ended december 31 , 2016 , a minimal amount of interest was recorded on loans previously accounted for on a non-accrual basis . 32 management , in compliance with regulatory guidelines , conducts an internal loan review program , whereby loans are placed or classified in categories depending upon the level of risk of nonpayment or loss . these categories are special mention , substandard , doubtful or loss . when a loan is classified as substandard or doubtful , management is required to establish an allowance for loan loss in an amount that is deemed prudent . when management classifies a loan as a loss asset , an allowance equal up

liquidity and capital resources liquidity the bank is required to maintain minimum levels of liquid assets as defined by the montana division of banking and frb regulations . the liquidity requirement is retained for safety and soundness purposes , and that appropriate levels of liquidity will depend upon the types of activities in which the company engages . for internal reporting purposes , the bank uses policy minimums of 1.0 % , and 8.0 % for “ basic surplus ” and “ basic surplus with fhlb ” as internally defined . in general , the “ basic surplus ” is a calculation of the ratio of unencumbered short-term assets reduced by estimated percentages of cd maturities and other deposits that may leave the bank in the next 90 days divided by total assets . “ basic surplus with fhlb ” adds to “ basic surplus ” the additional borrowing capacity the bank has with the fhlb of des moines . the bank exceeded those minimum ratios as of december 31 , 2017 and 2016. the bank 's primary sources of funds are deposits , repayment of loans and mortgage-backed securities , maturities of investments , funds provided from operations , advances from the fhlb of des moines and other borrowings . scheduled repayments of loans and mortgage-backed securities and maturities of investment securities are generally predictable . however , other sources of funds , such as deposit flows and loan prepayments , can be greatly influenced by the general level of interest rates , economic conditions and competition . the bank uses liquidity resources principally to fund existing and future loan commitments . it also uses them to fund maturing certificates of deposit , demand deposit withdrawals and to invest in other loans and investments , maintain liquidity , and meet operating expenses . liquidity may be adversely affected by unexpected deposit outflows , higher interest rates paid by competitors , and similar matters . management monitors projected liquidity needs and determines the level desirable based in part on eagle 's commitments to make loans and management 's assessment of eagle 's ability to generate funds .


 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 the bank is required to maintain minimum levels of liquid assets as defined by the montana division of banking and frb regulations . the liquidity requirement is retained for safety and soundness purposes , and that appropriate levels of liquidity will depend upon the types of activities in which the company engages . for internal reporting purposes , the bank uses policy minimums of 1.0 % , and 8.0 % for “ basic surplus ” and “ basic surplus with fhlb ” as internally defined . in general , the “ basic surplus ” is a calculation of the ratio of unencumbered short-term assets reduced by estimated percentages of cd maturities and other deposits that may leave the bank in the next 90 days divided by total assets . “ basic surplus with fhlb ” adds to “ basic surplus ” the additional borrowing capacity the bank has with the fhlb of des moines . the bank exceeded those minimum ratios as of december 31 , 2017 and 2016. the bank 's primary sources of funds are deposits , repayment of loans and mortgage-backed securities , maturities of investments , funds provided from operations , advances from the fhlb of des moines and other borrowings . scheduled repayments of loans and mortgage-backed securities and maturities of investment securities are generally predictable . however , other sources of funds , such as deposit flows and loan prepayments , can be greatly influenced by the general level of interest rates , economic conditions and competition . the bank uses liquidity resources principally to fund existing and future loan commitments . it also uses them to fund maturing certificates of deposit , demand deposit withdrawals and to invest in other loans and investments , maintain liquidity , and meet operating expenses . liquidity may be adversely affected by unexpected deposit outflows , higher interest rates paid by competitors , and similar matters . management monitors projected liquidity needs and determines the level desirable based in part on eagle 's commitments to make loans and management 's assessment of eagle 's ability to generate funds .
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 Suspicious Activity Report : in recent years , management 's focus has been on improving our core earnings . core earnings can be described as income before taxes , with the exclusion of gain on sale of loans and adjustments to the market value of our loans serviced portfolio . management believes that we will need to continue to focus on increasing net interest margin , other areas of fee income , and control operating expenses to achieve earnings growth going forward . management 's strategy of growing the loan portfolio and deposit base is expected to help achieve these goals : loans typically earn higher rates of return than investments ; a larger deposit base will yield higher fee income ; increasing the asset base will reduce the relative impact of fixed operating costs . the biggest challenge to management 's strategy is funding the growth of our balance sheet in an efficient manner . though deposit growth this last year was steady , it may become more difficult to maintain due to significant competition and possible reduced customer demand for deposits as customers may shift into other asset classes . 23 other than in limited circumstances for certain high-credit-quality customers , we do not offer “ interest onl y ” mortgage loans on residential ( 1-4 family ) properties ( where the borrower pays interest but no principal for an initial period , after which the loan converts to a fully amortizing loan ) . we also do not offer loans that provide for negative amortization of principal , such as “ option arm ” loans , where the borrower can pay less than the interest owed on their loan , resulting in an increased principal balance during the life of the loan . we do not offer “ subprime loans ” ( loans that generally target borrowers with weakened credit histories typically characterized by payment delinquencies , previous charge-offs , judgments , bankruptcies , or borrowers with questionable repayment capacity as evidenced by low credit scores or high debt-burden ratios ) or alt-a loans ( traditionally defined as loans having less than full documentation ) . the level and movement of interest rates impacts the bank 's earnings as well . the federal open market committee ( “ fomc ” ) increased the federal funds target rate during the year ended december 31 , 2017 from 0.75 % to 1.50 % . from time to time the bank has considered growth through mergers or acquisition as an alternative to its strategy of organ ic growth . on september 5 , 2017 , the company entered into an agreement and plan of merger with twinco and twinco 's wholly-owned subsidiary , ruby valley bank . the merger agreement provided that ruby valley bank would merge with and into opportunity bank of montana . ruby valley bank operated two branches in madison county , montana with approximately $ 96.00 million in assets , $ 81.00 million in deposits and $ 57.00 million in gross loans as of december 31 , 2017. this acquisition closed january 31 , 2018 , after receipt of approvals from regulatory authorities , approval of twinco shareholders and satisfaction of other closing conditions . the bank completed a core systems conversion during the third quarter of 2015. future cost savings are anticipated due to the core systems conversion . recent accounting pronouncements in may 2014 , the fasb issued asu no . 2014-09 , revenue from contracts with customers ( topic 606 ) . this guidance is a comprehensive new revenue recognition standard that will supersede substantially all existing revenue recognition guidance . the new standard 's core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services . in doing so , companies will need to use more judgment and make more estimates than under existing guidance . these may include identifying performance obligations in the contract , estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation . on july 9 , 2015 , the fasb agreed to delay the effective date of the standard by one year . therefore , the new standard will be effective in the first quarter of 2018. our revenue is comprised of net interest income on financial assets and financial liabilities , which is explicitly excluded from the scope of asu 2014-09 , and non-interest income . the largest percentage of our non-interest income is derived from the gain on sale of mortgage loans . the gains are recognized at the time of the sale of the loan , when proceeds are sent to us by the investor purchasing the loan . we do not expect to realize a change in the recognition of the revenue on that part of our noninterest income . we will evaluate the impact of this standard on our revenue from our wealth management division ; however we do not expect it to have a significant impact on our consolidated financial statements . in january 2016 , the fasb issued asu no . 2016-01 , financial instruments – overall : recognition and measurement of financial assets and financial liabilities ( subtopic 825-10 ) . the amendment has a number of provisions including the requirements that public business entities use the exit price notion when measuring the fair value of financial instruments for disclosure purposes , a separate presentation of financial assets and financial liabilities by measurement category and form of financial asset ( i.e . securities or loans receivables ) , and eliminating the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost . story_separator_special_tag million . construction and home equity loan originations totaled $ 29.26 million and $ 20.71 million , respectively , for the same period . consumer loan originations totaled $ 9.14 million . commercial loan originations totaled $ 36.87 million . there were no commercial loan originations from loan syndication programs with borrowers residing outside of montana during the year ended december 31 , 2017. loans held-for-sale decreased by $ 9.28 million , to $ 8.95 million at december 31 , 2017 from $ 18.23 million at december 31 , 2016 . 29 loan maturit ies . the following table sets forth the estimated maturity of the loan portfolio of the bank at december 31 , 2017. balances exclude deferred loan fees and allowance for loan losses . scheduled principal repayments of loans do not necessarily reflect the actual life of such assets . the average life of a loan is typically substantially less than its contractual terms because of prepayments . in addition , due on sale clauses on loans generally give the bank the right to declare loans immediately due and payable in the event , among other things , the borrower sells the real property , subject to the mortgage , and the loan is not paid off . all mortgage loans are shown to be maturing based on the date of the last payment required by the loan agreement , except as noted . loans having no stated maturity , those without a scheduled payment , demand loans and matured loans , are shown as due within six months . replace_table_token_5_th ( 1 ) includes loans held-for-sale . the following table includes loans by fixed or adjustable rates at december 31 , 2017 : replace_table_token_6_th ( 1 ) includes loans held-for-sale . 30 the following table sets forth information with respect to our loan originations , purchases and sales activity : replace_table_token_7_th ( 1 ) includes loans held-for-sale . nonperforming assets . generally , our collection procedures provide that when a loan is 15 or more days delinquent , the borrower is sent a past due notice . if the loan becomes 30 days delinquent , the borrower is sent a written delinquency notice requiring payment . if the delinquency continues , subsequent efforts are made to contact the delinquent borrower , including face to face meetings and counseling to resolve the delinquency . all collection actions are undertaken with the objective of compliance with the fair debt collection act . for mortgage loans and home equity loans , if the borrower is unable to cure the delinquency or reach a payment agreement , we will institute foreclosure actions . if a foreclosure action is taken and the loan is not reinstated , paid in full or refinanced , the property is sold at judicial sale at which we may be the buyer if there are no adequate offers to satisfy the debt . any property acquired as the result of foreclosure , or by deed in lieu of foreclosure , is classified as real estate owned until such time as it is sold or otherwise disposed of . when real estate owned is acquired , it is recorded at its fair market value less estimated selling costs . the initial recording of any loss is charged to the allowance for loan losses . subsequent write-downs are recorded as a charge to operations . as of december 31 , 2017 , the bank had $ 483,000 of real estate owned . loans are reviewed on a quarterly basis and are placed on non-accrual status when they are 90 days or more delinquent . loans may be placed on non-accrual status at any time if , in the opinion of management , the collection of additional interest is doubtful . interest accrued and unpaid at the time a loan is placed on non-accrual status is charged against interest income . subsequent payments are either applied to the outstanding principal balance or recorded as interest income , depending on the assessment of the ultimate collectability of the loan . at december 31 , 2017 , we had $ 977,000 ( $ 928,000 net of specific reserves for loan losses ) of loans that were nonperforming and held on non-accrual status . 31 the following table provides information regarding the bank 's loans that are delinquent 30 to 89 days : replace_table_token_8_th the following table sets forth information regarding nonperforming assets : replace_table_token_9_th during the year ended december 31 , 2017 , the bank sold five real estate owned and other repossessed assets resulting in a net loss of $ 29,000. there were two write-downs on fair value less cost to sell for foreclosed real estate property and other repossessed for a loss of $ 45,000 during the year ended december 31 , 2017. during the year ended december 31 , 2017 , a minimal amount of interest was recorded on loans previously accounted for on a non-accrual basis . during the year ended december 31 , 2016 , the bank sold five real estate owned and other repossessed assets resulting in a net gain of $ 6,000. there were no write-downs on fair value less cost to sell for foreclosed real estate property and other repossessed during the year ended december 31 , 2017. during the year ended december 31 , 2016 , a minimal amount of interest was recorded on loans previously accounted for on a non-accrual basis . 32 management , in compliance with regulatory guidelines , conducts an internal loan review program , whereby loans are placed or classified in categories depending upon the level of risk of nonpayment or loss . these categories are special mention , substandard , doubtful or loss . when a loan is classified as substandard or doubtful , management is required to establish an allowance for loan loss in an amount that is deemed prudent . when management classifies a loan as a loss asset , an allowance equal up

