the net loss in 2011 was primarily due to the recording of a goodwill impairment expense of $ 23.9 million , a $ 22.6 million valuation allowance for deferred tax assets , a $ 22.7 million provision for loan losses and $ 10.8 million of expense for nonperforming asset management and operations of other real estate owned . our loss per share of common stock for the year ended december 31 , 2012 was $ 1.36 per share , compared to $ 2.46 per share for the year ended december 31 , 2011 . 24 net interest income net interest income is our primary source of revenue . net interest income equals the excess of interest income ( including discount accretion on purchased impaired loans ) plus fees earned on interest earning assets over interest expense incurred on interest-bearing liabilities . the level of interest rates and the volume and mix of interest-earning assets and interest-bearing liabilities impact net interest income . interest rate spread and net interest margin are utilized to measure and explain changes in net interest income . interest rate spread is the difference between the yield on interest-earning assets and the rate paid for interest-bearing liabilities that fund those assets . the net interest margin is expressed as the percentage of net interest income to average interest-earning assets . the net interest margin exceeds the interest rate spread because noninterest-bearing sources of funds , principally noninterest-bearing demand deposits and stockholders ' equity , also support interest-earning assets . the accounting policies underlying the recognition of interest income on loans , securities , and other interest-earning assets are included in note 1 of “ notes to consolidated financial statements ” in item 8 of this form 10-k. 25 average balance sheets the following table sets forth average balance sheets , average yields and costs , and certain other information . no tax-equivalent yield adjustments were made , as the effect of these adjustments would not be material . average balances are daily average balances . nonaccrual loans are included in the computation of average balances , but have been reflected in the table as loans carrying a zero yield . the yields set forth below include the effect of deferred fees and expenses , discounts and premiums , purchase accounting adjustments that are amortized or accreted to interest income or expense . replace_table_token_4_th _ ( 1 ) net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities . ( 2 ) net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities . ( 3 ) net interest margin represents net interest income divided by average total interest-earning assets . 26 comparison of year 2013 to 2012 . net interest income decreased by $ 10.5 million , or 18.7 % , to $ 45.7 million for the year ended december 31 , 2013 , from $ 56.3 million for the year ended december 31 , 2012 . our net interest rate spread decreased 58 basis points to 3.28 % for the year ended december 31 , 2013 , compared to 3.86 % for 2012 . our net interest margin decreased by 60 basis points to 3.33 % for the year ended december 31 , 2013 , from 3.93 % for 2012 . our average interest-earning assets decreased $ 59.4 million to $ 1.373 billion for the year ended december 31 , 2013 , from $ 1.433 billion for the year ended 2012 , and our average interest-bearing liabilities decreased $ 32.9 million to $ 1.130 billion for the year ended december 31 , 2013 , from $ 1.163 billion for 2012 . comparison of year 2012 to 2011 . net interest income decreased by $ 6.5 million , or 10.4 % , to $ 56.3 million for the year ended december 31 , 2012 , from $ 62.8 million for the year ended december 31 , 2011 . our net interest rate spread decreased 23 basis points to 3.86 % for the year ended december 31 , 2012 , compared to 4.09 % for 2011 . our net interest margin decreased by 27 basis points to 3.93 % december 31 , 2012 from 4.20 % for 2011 . our average interest-earning assets decreased $ 63.5 million to $ 1.433 billion for the year ended december 31 , 2012 , from $ 1.496 billion for 2011 , and our average interest-bearing liabilities decreased $ 56.4 million to $ 1.163 billion for the year ended december 31 , 2012 , from $ 1.219 billion for 2011 . rate/volume analysis the following table presents the dollar amount of changes in interest income and interest expense for the major categories of our interest-earning assets and interest-bearing liabilities . information is provided for each category of interest-earning assets and interest-bearing liabilities with respect to changes attributable to changes in volume ( i.e . , changes in average balances multiplied by the prior-period average rate ) , and changes attributable to rate ( i.e . , changes in average rate multiplied by prior-period average balances ) . for purposes of this table , changes attributable to both rate and volume that can not be segregated have been allocated proportionately to the change due to volume and the change due to rate . replace_table_token_5_th 27 provision for loan losses we establish provisions for loan losses , which are charged to operations in order to maintain the allowance for loan losses at a level we consider necessary to absorb probable incurred credit losses in the loan portfolio . in determining the level of the allowance for loan losses , we consider past and current loss experience , evaluations of real estate collateral , current economic conditions , volume and type of lending , adverse situations that may affect a borrower 's ability to repay a loan and the levels of nonperforming and other classified loans . story_separator_special_tag the decrease in nonperforming assets for the year ended december 31 , 2013 reflected the disposition of $ 9.0 million in oreo , the disposition of the $ 1.7 million of one-to-four family mortgage loans that we designated as held for sale in the fourth quarter of 2012 , and numerous other nonperforming asset resolutions . these actions were partially offset by the placement of $ 17.9 million of loans on nonaccrual status during the year ended december 31 , 2013 . the number of loans placed on nonaccrual status in 2013 was impacted by a decision we made in the fourth quarter of 2012 to take affirmative steps to accelerate the resolution of certain performing classified and nonperforming multi-family and nonresidential real estate loans . specifically , we determined that for certain performing classified and nonperforming multi-family and nonresidential real estate loans , the most cost-effective and expeditious resolution method was to decline to renew the loans upon maturity , or to utilize other remedies provided by our loan documents to accelerate the maturity date of the loans , coupled with an attempt , in appropriate cases , to negotiate a final resolution in the form of a deed-in-lieu of foreclosure . of the $ 17.9 million in loans placed on nonaccrual in 2013 , $ 9.0 million related to affirmative expedited resolution cases . of this amount , $ 7.4 million involved multi-family loans to ten unaffiliated borrowers . we are pursuing various actions to attempt to obtain title to these multi-family properties so that they can be marketed for sale . other real estate owned real estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as oreo until it is sold . when real estate is acquired through foreclosure or by deed in lieu of foreclosure , it is recorded at its fair value , less the estimated costs of disposal . if the fair value of the property is less than the loan balance , the difference is charged against the allowance for loan losses . the following represents the rollfoward of oreo and the composition of oreo properties . replace_table_token_13_th 36 replace_table_token_14_th activity in the valuation allowance : replace_table_token_15_th loan extensions and modifications maturing loans are subject to our standard loan underwriting policies and practices . due to the need to obtain updated borrower and guarantor financial information , collateral information or to prepare revised loan documentations , loans in the process of renewal may appear as past due because the information needed to underwrite a renewal of the loan is not available to us prior to the maturity date of the loan . at times , short-term administrative extensions , which are typically 90 days in duration , are granted to facilitate proper underwriting . in general , loan modifications are subject to a risk-adjusted pricing analysis . when appropriate , we evaluate loan extensions or modifications in accordance with asc 310-40 and related federal regulatory guidance concerning tdrs and the ffiec workout guidance to determine the required treatment for nonaccrual status and risk classification purposes . in general , if we grant a loan modification or extension that involves either the absence of principal amortization ( other than for revolving lines of credit which are customarily granted on interest-only terms ) , or if we grant a material extension of an existing loan amortization period in excess of our underwriting standards , the loan will be placed on nonaccrual status and impairment testing conducted to determine whether a specific valuation allowance or loss classification / charge-off is required . if the loan is well secured by an abundance of collateral and the collectability of both interest and principal is probable , the loan may remain on accrual status , but it will be classified as a tdr due to the concession made in the loan principal amortization payment component . a loan in full compliance with the payment requirements specified in a loan modification will not be considered as past due , but may nonetheless be placed on nonaccrual status or be classified as a tdr , as appropriate under the circumstances . in accordance with the ffiec workout guidance , the company will restructure a note into two separate notes ( a/b structure ) , charging off the entire b portion of the note . the a note is structured with appropriate loan-to-value and cash flow coverage ratios 37 that provide for a high likelihood of repayment . the a note is classified as a non-performing note until the borrower has displayed a historical payment performance for a reasonable time prior to and subsequent to the restructuring . a period of sustained repayment for at least six months generally is required to return the note to accrual status provided that management has determined that the performance is reasonably expected to continue . the a note will be classified as a restructured note ( either performing or nonperforming ) through the calendar year of the restructuring that the historical payment performance has been established . troubled debt restructurings the company had $ 3.3 million of tdrs at december 31 , 2013 , compared to $ 11.2 million at december 31 , 2012 , with $ 53,000 and $ 318,000 in specific valuation allowances allocated to those loans at december 31 , 2013 and 2012 , respectively . the company had no outstanding commitments to borrowers whose loans are classified as tdrs . the following table presents tdrs by class . replace_table_token_16_th risk classification of loans our policies , consistent with regulatory guidelines , provide for the classification of loans and other assets that are considered to be of lesser quality as substandard , doubtful , or loss assets , or designated as special mention . a substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged , if any . assets so classified must have a

. net cash and cash equivalents decreased by $ 114.8 million to $ 161.0 million at december 31 , 2013 , from $ 275.8 million at december 31 , 2012 . in december 2012 , we designated certain owner-occupied and investor-owned one-to-four family residential loans with a carrying value of $ 7.5 million as “ held for sale ” in preparation for a bulk sale . the bulk sale of these one-to-four family residential loans was completed in february 2013. our loan portfolio consists primarily of investment and business loans ( multi-family , nonresidential real estate , commercial , construction and land loans , and commercial leases ) , which together made up 81.7 % of gross loans at december 31 , 2013 . net loans receivable increased $ 67.6 million , or 6.6 % , to $ 1.098 billion at december 31 , 2013 . multi-family mortgage loans increased by $ 44.0 million , or 12.5 % ; commercial loans decreased by $ 7.1 million , or 11.6 % ; nonresidential real estate loans decreased $ 1.1 million , or 0.4 % ; construction and land loans decreased $ 2.0 million , or 23.2 % . one-to-four family residential mortgage loans decreased $ 17.2 million , or 7.9 % . commercial leases increased by $ 47.3 million , or 33.9 % . our allowance for loan losses decreased by $ 3.9 million , or 21.5 % , to $ 14.2 million at december 31 , 2013 , from $ 18.0 million at december 31 , 2012 . the decrease reflected the combined impact of a $ 687,000 recovery of loan losses and $ 3.2 million in net charge-offs . net charge-offs for 2012 included a $ 10.8 million charge-off relating to compliance with the occ 's regulatory transition guidance concerning the elimination of special valuation allowances .


 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.
     ```. net cash and cash equivalents decreased by $ 114.8 million to $ 161.0 million at december 31 , 2013 , from $ 275.8 million at december 31 , 2012 . in december 2012 , we designated certain owner-occupied and investor-owned one-to-four family residential loans with a carrying value of $ 7.5 million as “ held for sale ” in preparation for a bulk sale . the bulk sale of these one-to-four family residential loans was completed in february 2013. our loan portfolio consists primarily of investment and business loans ( multi-family , nonresidential real estate , commercial , construction and land loans , and commercial leases ) , which together made up 81.7 % of gross loans at december 31 , 2013 . net loans receivable increased $ 67.6 million , or 6.6 % , to $ 1.098 billion at december 31 , 2013 . multi-family mortgage loans increased by $ 44.0 million , or 12.5 % ; commercial loans decreased by $ 7.1 million , or 11.6 % ; nonresidential real estate loans decreased $ 1.1 million , or 0.4 % ; construction and land loans decreased $ 2.0 million , or 23.2 % . one-to-four family residential mortgage loans decreased $ 17.2 million , or 7.9 % . commercial leases increased by $ 47.3 million , or 33.9 % . our allowance for loan losses decreased by $ 3.9 million , or 21.5 % , to $ 14.2 million at december 31 , 2013 , from $ 18.0 million at december 31 , 2012 . the decrease reflected the combined impact of a $ 687,000 recovery of loan losses and $ 3.2 million in net charge-offs . net charge-offs for 2012 included a $ 10.8 million charge-off relating to compliance with the occ 's regulatory transition guidance concerning the elimination of special valuation allowances .
```    
 Suspicious Activity Report : the net loss in 2011 was primarily due to the recording of a goodwill impairment expense of $ 23.9 million , a $ 22.6 million valuation allowance for deferred tax assets , a $ 22.7 million provision for loan losses and $ 10.8 million of expense for nonperforming asset management and operations of other real estate owned . our loss per share of common stock for the year ended december 31 , 2012 was $ 1.36 per share , compared to $ 2.46 per share for the year ended december 31 , 2011 . 24 net interest income net interest income is our primary source of revenue . net interest income equals the excess of interest income ( including discount accretion on purchased impaired loans ) plus fees earned on interest earning assets over interest expense incurred on interest-bearing liabilities . the level of interest rates and the volume and mix of interest-earning assets and interest-bearing liabilities impact net interest income . interest rate spread and net interest margin are utilized to measure and explain changes in net interest income . interest rate spread is the difference between the yield on interest-earning assets and the rate paid for interest-bearing liabilities that fund those assets . the net interest margin is expressed as the percentage of net interest income to average interest-earning assets . the net interest margin exceeds the interest rate spread because noninterest-bearing sources of funds , principally noninterest-bearing demand deposits and stockholders ' equity , also support interest-earning assets . the accounting policies underlying the recognition of interest income on loans , securities , and other interest-earning assets are included in note 1 of “ notes to consolidated financial statements ” in item 8 of this form 10-k. 25 average balance sheets the following table sets forth average balance sheets , average yields and costs , and certain other information . no tax-equivalent yield adjustments were made , as the effect of these adjustments would not be material . average balances are daily average balances . nonaccrual loans are included in the computation of average balances , but have been reflected in the table as loans carrying a zero yield . the yields set forth below include the effect of deferred fees and expenses , discounts and premiums , purchase accounting adjustments that are amortized or accreted to interest income or expense . replace_table_token_4_th _ ( 1 ) net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities . ( 2 ) net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities . ( 3 ) net interest margin represents net interest income divided by average total interest-earning assets . 26 comparison of year 2013 to 2012 . net interest income decreased by $ 10.5 million , or 18.7 % , to $ 45.7 million for the year ended december 31 , 2013 , from $ 56.3 million for the year ended december 31 , 2012 . our net interest rate spread decreased 58 basis points to 3.28 % for the year ended december 31 , 2013 , compared to 3.86 % for 2012 . our net interest margin decreased by 60 basis points to 3.33 % for the year ended december 31 , 2013 , from 3.93 % for 2012 . our average interest-earning assets decreased $ 59.4 million to $ 1.373 billion for the year ended december 31 , 2013 , from $ 1.433 billion for the year ended 2012 , and our average interest-bearing liabilities decreased $ 32.9 million to $ 1.130 billion for the year ended december 31 , 2013 , from $ 1.163 billion for 2012 . comparison of year 2012 to 2011 . net interest income decreased by $ 6.5 million , or 10.4 % , to $ 56.3 million for the year ended december 31 , 2012 , from $ 62.8 million for the year ended december 31 , 2011 . our net interest rate spread decreased 23 basis points to 3.86 % for the year ended december 31 , 2012 , compared to 4.09 % for 2011 . our net interest margin decreased by 27 basis points to 3.93 % december 31 , 2012 from 4.20 % for 2011 . our average interest-earning assets decreased $ 63.5 million to $ 1.433 billion for the year ended december 31 , 2012 , from $ 1.496 billion for 2011 , and our average interest-bearing liabilities decreased $ 56.4 million to $ 1.163 billion for the year ended december 31 , 2012 , from $ 1.219 billion for 2011 . rate/volume analysis the following table presents the dollar amount of changes in interest income and interest expense for the major categories of our interest-earning assets and interest-bearing liabilities . information is provided for each category of interest-earning assets and interest-bearing liabilities with respect to changes attributable to changes in volume ( i.e . , changes in average balances multiplied by the prior-period average rate ) , and changes attributable to rate ( i.e . , changes in average rate multiplied by prior-period average balances ) . for purposes of this table , changes attributable to both rate and volume that can not be segregated have been allocated proportionately to the change due to volume and the change due to rate . replace_table_token_5_th 27 provision for loan losses we establish provisions for loan losses , which are charged to operations in order to maintain the allowance for loan losses at a level we consider necessary to absorb probable incurred credit losses in the loan portfolio . in determining the level of the allowance for loan losses , we consider past and current loss experience , evaluations of real estate collateral , current economic conditions , volume and type of lending , adverse situations that may affect a borrower 's ability to repay a loan and the levels of nonperforming and other classified loans . story_separator_special_tag the decrease in nonperforming assets for the year ended december 31 , 2013 reflected the disposition of $ 9.0 million in oreo , the disposition of the $ 1.7 million of one-to-four family mortgage loans that we designated as held for sale in the fourth quarter of 2012 , and numerous other nonperforming asset resolutions . these actions were partially offset by the placement of $ 17.9 million of loans on nonaccrual status during the year ended december 31 , 2013 . the number of loans placed on nonaccrual status in 2013 was impacted by a decision we made in the fourth quarter of 2012 to take affirmative steps to accelerate the resolution of certain performing classified and nonperforming multi-family and nonresidential real estate loans . specifically , we determined that for certain performing classified and nonperforming multi-family and nonresidential real estate loans , the most cost-effective and expeditious resolution method was to decline to renew the loans upon maturity , or to utilize other remedies provided by our loan documents to accelerate the maturity date of the loans , coupled with an attempt , in appropriate cases , to negotiate a final resolution in the form of a deed-in-lieu of foreclosure . of the $ 17.9 million in loans placed on nonaccrual in 2013 , $ 9.0 million related to affirmative expedited resolution cases . of this amount , $ 7.4 million involved multi-family loans to ten unaffiliated borrowers . we are pursuing various actions to attempt to obtain title to these multi-family properties so that they can be marketed for sale . other real estate owned real estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as oreo until it is sold . when real estate is acquired through foreclosure or by deed in lieu of foreclosure , it is recorded at its fair value , less the estimated costs of disposal . if the fair value of the property is less than the loan balance , the difference is charged against the allowance for loan losses . the following represents the rollfoward of oreo and the composition of oreo properties . replace_table_token_13_th 36 replace_table_token_14_th activity in the valuation allowance : replace_table_token_15_th loan extensions and modifications maturing loans are subject to our standard loan underwriting policies and practices . due to the need to obtain updated borrower and guarantor financial information , collateral information or to prepare revised loan documentations , loans in the process of renewal may appear as past due because the information needed to underwrite a renewal of the loan is not available to us prior to the maturity date of the loan . at times , short-term administrative extensions , which are typically 90 days in duration , are granted to facilitate proper underwriting . in general , loan modifications are subject to a risk-adjusted pricing analysis . when appropriate , we evaluate loan extensions or modifications in accordance with asc 310-40 and related federal regulatory guidance concerning tdrs and the ffiec workout guidance to determine the required treatment for nonaccrual status and risk classification purposes . in general , if we grant a loan modification or extension that involves either the absence of principal amortization ( other than for revolving lines of credit which are customarily granted on interest-only terms ) , or if we grant a material extension of an existing loan amortization period in excess of our underwriting standards , the loan will be placed on nonaccrual status and impairment testing conducted to determine whether a specific valuation allowance or loss classification / charge-off is required . if the loan is well secured by an abundance of collateral and the collectability of both interest and principal is probable , the loan may remain on accrual status , but it will be classified as a tdr due to the concession made in the loan principal amortization payment component . a loan in full compliance with the payment requirements specified in a loan modification will not be considered as past due , but may nonetheless be placed on nonaccrual status or be classified as a tdr , as appropriate under the circumstances . in accordance with the ffiec workout guidance , the company will restructure a note into two separate notes ( a/b structure ) , charging off the entire b portion of the note . the a note is structured with appropriate loan-to-value and cash flow coverage ratios 37 that provide for a high likelihood of repayment . the a note is classified as a non-performing note until the borrower has displayed a historical payment performance for a reasonable time prior to and subsequent to the restructuring . a period of sustained repayment for at least six months generally is required to return the note to accrual status provided that management has determined that the performance is reasonably expected to continue . the a note will be classified as a restructured note ( either performing or nonperforming ) through the calendar year of the restructuring that the historical payment performance has been established . troubled debt restructurings the company had $ 3.3 million of tdrs at december 31 , 2013 , compared to $ 11.2 million at december 31 , 2012 , with $ 53,000 and $ 318,000 in specific valuation allowances allocated to those loans at december 31 , 2013 and 2012 , respectively . the company had no outstanding commitments to borrowers whose loans are classified as tdrs . the following table presents tdrs by class . replace_table_token_16_th risk classification of loans our policies , consistent with regulatory guidelines , provide for the classification of loans and other assets that are considered to be of lesser quality as substandard , doubtful , or loss assets , or designated as special mention . a substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged , if any . assets so classified must have a

