a condensed review of operations for the fourth quarter of 2013 is included in the section titled `` fourth quarter 2013 vs. fourth quarter 2012 `` of this item 7. the summary provides an analysis of the quarterly earnings performance for the fourth quarter of 2013 compared to the same period in 2012. unless otherwise stated , all earnings per common share data included in this section and throughout the remainder of this discussion are presented on a fully diluted basis . 37 cautionary statement regarding forward-looking statements this report , as well as our other filings with the sec or our communications with stockholders , may contain forward-looking statements within the safe harbor provisions of the private securities litigation reform act of 1995 ( `` pslra `` ) . these statements involve known and unknown risks , uncertainties , and other factors that may cause actual results to be materially different from any results , levels of activity , performance , or achievements expressed or implied by any forward-looking statement . these factors include , among other things , the factors listed below . in some cases , we identified forward-looking statements by such words or phrases as `` will likely result , `` `` is confident that , `` `` remains optimistic about , `` `` expects , `` `` should , `` `` could , `` `` seeks , `` `` may , `` `` will continue to , `` `` believes , `` `` anticipates , `` `` predicts , `` `` forecasts , `` `` estimates , `` `` projects , `` `` potential , `` `` intends , `` or similar expressions identifying forward-looking statements within the meaning of the pslra , including the negative of those words and phrases . these forward-looking statements are not historical facts , but instead are based on management 's current views and assumptions regarding future events , future business conditions , outcomes , and our outlook for the company based on currently available information . we wish to caution readers not to place undue reliance on any such forward-looking statements as we do not undertake any obligation to update them to reflect circumstances or events that occur after the date on which the forward-looking statement is made . in connection with the safe harbor provisions of the pslra , we are hereby identifying important factors that could affect our financial performance and could cause our actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any forward-looking statements . among the factors that could have an impact on our ability to achieve operating results , growth plan goals , and the beliefs expressed or implied in forward-looking statements are : management 's ability to reduce and effectively manage interest rate risk and the impact of interest rates in general on the volatility of our net interest income . asset and liability matching risks and liquidity risks . fluctuations in the value of our investment securities . the ability to attract and retain senior management experienced in banking and financial services . the sufficiency of the allowance for credit losses to absorb the amount of actual losses inherent in the existing loan portfolio . the models and assumptions underlying the establishment of the allowance for credit losses and estimation of values of collateral and various financial assets and liabilities may be inadequate . credit risks and risks from concentrations ( by geographic area and by industry ) within our loan portfolio . the effects of competition from other commercial banks , thrifts , mortgage banking firms , consumer finance companies , credit unions , securities brokerage firms , insurance companies , money market and other mutual funds , and other financial institutions operating in our markets or elsewhere providing similar services . changes in the economic environment , competition , or other factors that may influence the anticipated growth rate of loans and deposits , the quality of the loan portfolio , and loan and deposit pricing . changes in general economic or industry conditions , nationally or in the communities in which we conduct business . volatility of rate sensitive deposits . our ability to adapt successfully to technological changes to compete effectively in the marketplace . operational risks , including data processing system failures , fraud , or breaches . our ability to successfully pursue acquisition and expansion strategies and integrate any acquired companies . the impact of liabilities arising from legal or administrative proceedings , enforcement of bank regulations , and enactment or application of laws or regulations . governmental monetary and fiscal policies and legislative and regulatory changes ( including those implementing provisions of the dodd frank act ) that may result in the imposition of costs and constraints through higher fdic insurance premiums , significant fluctuations in market interest rates , increases in capital or liquidity requirements , operational limitations , or compliance costs . changes in federal and state tax laws or interpretations , including changes affecting tax rates , income not subject to tax under existing law and interpretations , income sourcing , or consolidation/combination rules . 38 changes in accounting principles , policies , or guidelines affecting the businesses we conduct . acts of war or terrorism . other economic , competitive , governmental , regulatory , and technological factors affecting our operations , products , services , and prices . the foregoing list of important factors may not be all-inclusive , and we specifically decline to undertake any obligation to publicly revise any forward-looking statements that were made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events . story_separator_special_tag the lower yields on interest-earning assets were partially offset by a decline in the rates paid for interest-bearing liabilities , including a 2 basis point decline on interest-bearing transactional deposits , a 28 basis point decline on time deposits , and a 3 basis point decline on senior and subordinated debt . 2012 compared to 2011 average interest-earning assets were $ 7.2 billion for 2012 , a decrease of $ 78.0 million from 2011 , driven substantially by a decline in other interest-earning assets , which was partially offset by an increase in securities . average interest-earning liabilities were $ 5.3 billion for 2012 , a decrease of $ 165.3 million from 2011 due primarily to a decline in time deposits . the growth in senior and subordinated debt for 2012 compared to 2011 is attributed to the issuance of $ 115.0 million of senior debt during the fourth quarter of 2011 , which was used to redeem the preferred stock issued to the treasury in combination with excess cash . interest paid on the senior debt reduced our net interest margin by 10 basis points . this increase was offset , in part , by the repurchase and retirement of $ 25.4 million of junior subordinated debentures and $ 12.0 million of subordinated notes during 2012. tax-equivalent net interest income was $ 278.9 million for 2012 compared to $ 295.4 million for 2011. the $ 21.5 million reduction in interest income was due primarily to a decrease in the yield on investment securities and loans . interest expense declined $ 5.0 million due to the continued reduction of higher-costing time deposits and borrowed funds . tax-equivalent net interest margin declined 18 basis points to 3.86 % for 2012 from 4.04 % for 2011. the reduction in margin reflected a 25 basis point decrease in the average yield on interest-earning assets driven primarily by a lower yield earned on new and renewing loans and the reinvestment of cash flows from the investment portfolio into lower yielding securities due to the low interest rate environment . these lower yields were partially offset by a decline in the rates paid for interest-bearing liabilities , including a 6 basis point decline on interest-bearing transactional deposits , a 27 basis point decline on time deposits , and a 16 basis point decline on senior and subordinated debt . 46 table 3 changes in net interest income applicable to volumes and interest rates ( 1 ) ( dollar amounts in thousands ) replace_table_token_10_th ( 1 ) for purposes of this table , changes which are not due solely to volume changes or rate changes are allocated to each category on the basis of the percentage relationship of each to the sum of the two . ( 2 ) interest income is presented on a tax-equivalent basis , assuming a federal income tax rate of 35 % . ( 3 ) this item includes covered interest-earning assets consisting of loans acquired through the company 's fdic-assisted transactions with loss share agreements and the related fdic indemnification asset . for additional discussion , please refer to note 5 of `` notes to the consolidated financial statements `` in item 8 of this form 10-k. 47 noninterest income a summary of noninterest income for the three years ended december 31 , 2013 is presented in the following table . table 4 noninterest income analysis ( dollar amounts in thousands ) replace_table_token_11_th n/m  not meaningful . ( 1 ) card-based fees consist of debit and credit card interchange fees for pro cessing transactions , as well as various fees on both customer and non-customer automated teller machine ( `` atm `` ) and point-of-sale transactions processed through the atm and point-of-sale networks . ( 2 ) for a discussion of these items , see the section titled `` investment portfolio management `` of this item 7 . ( 3 ) net trading gains ( losses ) result from changes in the fair value of diversified investment securities held in a grantor trust under deferred compensation arrangements and are substantially offset by nonqualified plan expense for each period presented . ( 4 ) other income consists of various items , including safe deposit box rentals , miscellaneous recoveries , and gains on the sales of various assets . ( 5 ) for a discussion of the 2012 gain on an fdic-assisted transaction , refer to note 2 of `` notes to the consolidated financial statements `` in item 8 of this form 10-k. ( 6 ) these items are included in other income in the consolidated statements of income . 2013 compared to 2012 total noninterest income of $ 140.9 million for 2013 rose 28.1 % compared to 2012 driven primarily by the $ 34.0 million gain on the sale of our investment in textura . in addition , the $ 7.8 million gain on the termination of two fhlb forward commitments contributed to the positive variance . these gains were partially offset by the 48 modification of approximately $ 100 million of certain lower-yielding boli policies , which resulted in a $ 13.3 million write-down of the csv . fee-based revenues increased 9.2 % from 2012 , resulting from growth in core business activities , specifically wealth management fees , mortgage banking income , and sales of capital market products to commercial clients . the 11.0 % increase in wealth management fees compared to 2012 was driven by new customer relationships and improved market performance . average trust assets under management increased 17.0 % during 2013. the significant rise in mortgage banking income compared to 2012 resulted from recognizing a full year of mortgage sales activity . during 2013 , $ 147.4 million of mortgage loans were sold compared to $ 50.3 million in 2012. compared to 2012 , sales of capital market products to commercial clients drove the rise in other service charges , commissions , and fees . during the fourth quarter of 2013 , we

senior and subordinated debt average senior and subordinated debt decreased $ 18.4 million , or 7.9 % , in 2013 compared to 2012 as a result of the repurchase and retirement of $ 24.0 million of junior subordinated debentures . refer to note 11 of `` notes to the consolidated financial statements '' in item 8 of this form 10-k for additional discussion regarding this transaction . the $ 81.0 million increase in average senior and subordinated debt from 2011 to 2012 was driven by the senior debt issuance of $ 115.0 million in the fourth quarter of 2011 , which was used , in combination with existing liquid assets , to fund the redemption of the series b preferred stock issued to the treasury . this increase was partially offset by the repurchase and retirement of $ 25.4 million of junior subordinated debentures and $ 12.0 million of subordinated notes during 2012 . 74 contractual obligations , commitments , off-balance sheet risk , and contingent liabilities through our normal course of operations , we enter into certain contractual obligations and other commitments . these obligations generally relate to the funding of operations through deposits or debt issuances , as well as leases for premises and equipment . as a financial services provider , we routinely enter into commitments to extend credit . while contractual obligations represent our future cash requirements , a significant portion of commitments to extend credit may expire without being drawn . these commitments are subject to the same credit policies and approval process used for our loans .


 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.
     ```senior and subordinated debt average senior and subordinated debt decreased $ 18.4 million , or 7.9 % , in 2013 compared to 2012 as a result of the repurchase and retirement of $ 24.0 million of junior subordinated debentures . refer to note 11 of `` notes to the consolidated financial statements '' in item 8 of this form 10-k for additional discussion regarding this transaction . the $ 81.0 million increase in average senior and subordinated debt from 2011 to 2012 was driven by the senior debt issuance of $ 115.0 million in the fourth quarter of 2011 , which was used , in combination with existing liquid assets , to fund the redemption of the series b preferred stock issued to the treasury . this increase was partially offset by the repurchase and retirement of $ 25.4 million of junior subordinated debentures and $ 12.0 million of subordinated notes during 2012 . 74 contractual obligations , commitments , off-balance sheet risk , and contingent liabilities through our normal course of operations , we enter into certain contractual obligations and other commitments . these obligations generally relate to the funding of operations through deposits or debt issuances , as well as leases for premises and equipment . as a financial services provider , we routinely enter into commitments to extend credit . while contractual obligations represent our future cash requirements , a significant portion of commitments to extend credit may expire without being drawn . these commitments are subject to the same credit policies and approval process used for our loans .
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 Suspicious Activity Report : a condensed review of operations for the fourth quarter of 2013 is included in the section titled `` fourth quarter 2013 vs. fourth quarter 2012 `` of this item 7. the summary provides an analysis of the quarterly earnings performance for the fourth quarter of 2013 compared to the same period in 2012. unless otherwise stated , all earnings per common share data included in this section and throughout the remainder of this discussion are presented on a fully diluted basis . 37 cautionary statement regarding forward-looking statements this report , as well as our other filings with the sec or our communications with stockholders , may contain forward-looking statements within the safe harbor provisions of the private securities litigation reform act of 1995 ( `` pslra `` ) . these statements involve known and unknown risks , uncertainties , and other factors that may cause actual results to be materially different from any results , levels of activity , performance , or achievements expressed or implied by any forward-looking statement . these factors include , among other things , the factors listed below . in some cases , we identified forward-looking statements by such words or phrases as `` will likely result , `` `` is confident that , `` `` remains optimistic about , `` `` expects , `` `` should , `` `` could , `` `` seeks , `` `` may , `` `` will continue to , `` `` believes , `` `` anticipates , `` `` predicts , `` `` forecasts , `` `` estimates , `` `` projects , `` `` potential , `` `` intends , `` or similar expressions identifying forward-looking statements within the meaning of the pslra , including the negative of those words and phrases . these forward-looking statements are not historical facts , but instead are based on management 's current views and assumptions regarding future events , future business conditions , outcomes , and our outlook for the company based on currently available information . we wish to caution readers not to place undue reliance on any such forward-looking statements as we do not undertake any obligation to update them to reflect circumstances or events that occur after the date on which the forward-looking statement is made . in connection with the safe harbor provisions of the pslra , we are hereby identifying important factors that could affect our financial performance and could cause our actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any forward-looking statements . among the factors that could have an impact on our ability to achieve operating results , growth plan goals , and the beliefs expressed or implied in forward-looking statements are : management 's ability to reduce and effectively manage interest rate risk and the impact of interest rates in general on the volatility of our net interest income . asset and liability matching risks and liquidity risks . fluctuations in the value of our investment securities . the ability to attract and retain senior management experienced in banking and financial services . the sufficiency of the allowance for credit losses to absorb the amount of actual losses inherent in the existing loan portfolio . the models and assumptions underlying the establishment of the allowance for credit losses and estimation of values of collateral and various financial assets and liabilities may be inadequate . credit risks and risks from concentrations ( by geographic area and by industry ) within our loan portfolio . the effects of competition from other commercial banks , thrifts , mortgage banking firms , consumer finance companies , credit unions , securities brokerage firms , insurance companies , money market and other mutual funds , and other financial institutions operating in our markets or elsewhere providing similar services . changes in the economic environment , competition , or other factors that may influence the anticipated growth rate of loans and deposits , the quality of the loan portfolio , and loan and deposit pricing . changes in general economic or industry conditions , nationally or in the communities in which we conduct business . volatility of rate sensitive deposits . our ability to adapt successfully to technological changes to compete effectively in the marketplace . operational risks , including data processing system failures , fraud , or breaches . our ability to successfully pursue acquisition and expansion strategies and integrate any acquired companies . the impact of liabilities arising from legal or administrative proceedings , enforcement of bank regulations , and enactment or application of laws or regulations . governmental monetary and fiscal policies and legislative and regulatory changes ( including those implementing provisions of the dodd frank act ) that may result in the imposition of costs and constraints through higher fdic insurance premiums , significant fluctuations in market interest rates , increases in capital or liquidity requirements , operational limitations , or compliance costs . changes in federal and state tax laws or interpretations , including changes affecting tax rates , income not subject to tax under existing law and interpretations , income sourcing , or consolidation/combination rules . 38 changes in accounting principles , policies , or guidelines affecting the businesses we conduct . acts of war or terrorism . other economic , competitive , governmental , regulatory , and technological factors affecting our operations , products , services , and prices . the foregoing list of important factors may not be all-inclusive , and we specifically decline to undertake any obligation to publicly revise any forward-looking statements that were made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events . story_separator_special_tag the lower yields on interest-earning assets were partially offset by a decline in the rates paid for interest-bearing liabilities , including a 2 basis point decline on interest-bearing transactional deposits , a 28 basis point decline on time deposits , and a 3 basis point decline on senior and subordinated debt . 2012 compared to 2011 average interest-earning assets were $ 7.2 billion for 2012 , a decrease of $ 78.0 million from 2011 , driven substantially by a decline in other interest-earning assets , which was partially offset by an increase in securities . average interest-earning liabilities were $ 5.3 billion for 2012 , a decrease of $ 165.3 million from 2011 due primarily to a decline in time deposits . the growth in senior and subordinated debt for 2012 compared to 2011 is attributed to the issuance of $ 115.0 million of senior debt during the fourth quarter of 2011 , which was used to redeem the preferred stock issued to the treasury in combination with excess cash . interest paid on the senior debt reduced our net interest margin by 10 basis points . this increase was offset , in part , by the repurchase and retirement of $ 25.4 million of junior subordinated debentures and $ 12.0 million of subordinated notes during 2012. tax-equivalent net interest income was $ 278.9 million for 2012 compared to $ 295.4 million for 2011. the $ 21.5 million reduction in interest income was due primarily to a decrease in the yield on investment securities and loans . interest expense declined $ 5.0 million due to the continued reduction of higher-costing time deposits and borrowed funds . tax-equivalent net interest margin declined 18 basis points to 3.86 % for 2012 from 4.04 % for 2011. the reduction in margin reflected a 25 basis point decrease in the average yield on interest-earning assets driven primarily by a lower yield earned on new and renewing loans and the reinvestment of cash flows from the investment portfolio into lower yielding securities due to the low interest rate environment . these lower yields were partially offset by a decline in the rates paid for interest-bearing liabilities , including a 6 basis point decline on interest-bearing transactional deposits , a 27 basis point decline on time deposits , and a 16 basis point decline on senior and subordinated debt . 46 table 3 changes in net interest income applicable to volumes and interest rates ( 1 ) ( dollar amounts in thousands ) replace_table_token_10_th ( 1 ) for purposes of this table , changes which are not due solely to volume changes or rate changes are allocated to each category on the basis of the percentage relationship of each to the sum of the two . ( 2 ) interest income is presented on a tax-equivalent basis , assuming a federal income tax rate of 35 % . ( 3 ) this item includes covered interest-earning assets consisting of loans acquired through the company 's fdic-assisted transactions with loss share agreements and the related fdic indemnification asset . for additional discussion , please refer to note 5 of `` notes to the consolidated financial statements `` in item 8 of this form 10-k. 47 noninterest income a summary of noninterest income for the three years ended december 31 , 2013 is presented in the following table . table 4 noninterest income analysis ( dollar amounts in thousands ) replace_table_token_11_th n/m  not meaningful . ( 1 ) card-based fees consist of debit and credit card interchange fees for pro cessing transactions , as well as various fees on both customer and non-customer automated teller machine ( `` atm `` ) and point-of-sale transactions processed through the atm and point-of-sale networks . ( 2 ) for a discussion of these items , see the section titled `` investment portfolio management `` of this item 7 . ( 3 ) net trading gains ( losses ) result from changes in the fair value of diversified investment securities held in a grantor trust under deferred compensation arrangements and are substantially offset by nonqualified plan expense for each period presented . ( 4 ) other income consists of various items , including safe deposit box rentals , miscellaneous recoveries , and gains on the sales of various assets . ( 5 ) for a discussion of the 2012 gain on an fdic-assisted transaction , refer to note 2 of `` notes to the consolidated financial statements `` in item 8 of this form 10-k. ( 6 ) these items are included in other income in the consolidated statements of income . 2013 compared to 2012 total noninterest income of $ 140.9 million for 2013 rose 28.1 % compared to 2012 driven primarily by the $ 34.0 million gain on the sale of our investment in textura . in addition , the $ 7.8 million gain on the termination of two fhlb forward commitments contributed to the positive variance . these gains were partially offset by the 48 modification of approximately $ 100 million of certain lower-yielding boli policies , which resulted in a $ 13.3 million write-down of the csv . fee-based revenues increased 9.2 % from 2012 , resulting from growth in core business activities , specifically wealth management fees , mortgage banking income , and sales of capital market products to commercial clients . the 11.0 % increase in wealth management fees compared to 2012 was driven by new customer relationships and improved market performance . average trust assets under management increased 17.0 % during 2013. the significant rise in mortgage banking income compared to 2012 resulted from recognizing a full year of mortgage sales activity . during 2013 , $ 147.4 million of mortgage loans were sold compared to $ 50.3 million in 2012. compared to 2012 , sales of capital market products to commercial clients drove the rise in other service charges , commissions , and fees . during the fourth quarter of 2013 , we

