on december 12 , 2014 , we completed the sale of thirteen branches , ten in southeastern north carolina and three in south carolina , to crescom bank ( crescom ) , headquartered in charleston , south carolina . at closing , crescom assumed total deposits of $ 215.19 million and purchased total loans of $ 70.04 million . we received a deposit premium from crescom of $ 6.45 million . the transaction excluded loans covered under fdic loss share agreements . in connection with the transaction we recorded a net gain of $ 755 thousand , which included a $ 6.45 million goodwill allocation . on october 31 , 2015 , greenpoint sold one insurance agency that resulted in a net loss of $ 8 thousand . in connection with the sale , we eliminated $ 324 thousand of goodwill and $ 61 thousand of other intangibles on our consolidated balance sheet . insurance services we offer insurance services through greenpoint , a full-service insurance agency that provides commercial and personal lines of insurance . revenues are primarily derived from commissions paid by issuing companies on the sale of policies . commission revenue totaled $ 6.90 million in 2015 , an increase of $ 344 thousand , or 5.25 % , compared to the same period of 2014 , which was primarily due to an increase in direct bill property and casualty insurance income and contingency income . commission revenue totaled $ 6.56 million in 2014 , an increase of $ 622 thousand , or 10.48 % , compared to the same period of 2013 , which was also primarily due to an increase in direct bill property and casualty insurance income and contingency income . wealth management services we offer trust management , estate administration , and investment advisory services through fcwm and the bank 's trust division , which reported combined assets under management of $ 742 million as of december 31 , 2015 , and $ 712 million as of december 31 , 2014. these assets are not our assets , but are managed under various fee-based arrangements as fiduciary or agent . the trust division manages inter vivos trusts and trusts under will , develops and administers employee benefit and individual retirement plans , and manages and settles estates . fiduciary fees for these services are charged on a schedule related to the size , nature , and complexity of the account . revenues consist primarily of commissions on assets under management and investment advisory fees . critical accounting estimates we prepare our consolidated financial statements in accordance with generally accepted accounting principles ( gaap ) in the united states and conform to general practices within the banking industry . our financial position and results of operations require management to make judgments and estimates to develop the amounts 34 reflected and disclosed in the consolidated financial statements . different assumptions in the application of these estimates could result in material changes to our consolidated financial position and consolidated results of operations . estimates , assumptions , and judgments , which are periodically evaluated , are based on historical experience and other factors , including expectations of future events believed to be reasonable under the circumstances . these estimates are generally necessary when assets and liabilities are required to be recorded at estimated fair value , a decline in the value of an asset carried on the financial statements at fair value warrants an impairment write-down or establishment of a valuation reserve , or an asset or liability needs to be recorded based upon the probability of occurrence of a future event . carrying assets and liabilities at fair value inherently results in more financial statement volatility . fair values and information used to record valuation adjustments for certain assets and liabilities are based either on quoted market prices or , when available , are provided by third-party sources . when third-party information is not available , management estimates valuation adjustments primarily through the use of financial modeling techniques and appraisal estimates . our accounting policies are fundamental in understanding md & a and the disclosures presented in item 8 , financial statements and supplementary data ,  of this report . see note 1 , summary of significant accounting policies ,  to the consolidated financial statements in item 8 of this report . these policies may involve significant estimates and assumptions that have a material impact on our financial condition or operating performance due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change . based on the valuation techniques used and the sensitivity of financial statement amounts to the methods , assumptions , and estimates underlying those amounts , we have identified the establishment and determination of investment securities , the allowance for loan losses , business combinations , intangible assets , and income taxes as the accounting areas that require the most subjective or complex judgments . investment securities independent third parties are used to determine the fair values of our investment securities . inputs provided by third parties are reviewed and corroborated by management . evaluations of the causes of the unrealized losses are performed to determine whether the impairment is temporary or other-than-temporary in nature . we review our investment portfolio quarterly for indications of otti . the analysis differs depending upon the type of investment security being analyzed . story_separator_special_tag the normalized net interest margin decreased 7 basis points compared to a decrease of 18 basis points under gaap . the impact of purchase accounting interest accretion is expected to decline in future periods due to acquired loan portfolio attrition . average earning assets decreased $ 60.58 million , or 2.66 % , due to a decrease in the loan portfolio and securities available for sale offset by an increase in securities held to maturity . the yield on earning assets decreased 34 basis points , which was largely due to a 38 basis point decrease in the yield on available for sale securities and 27 basis point decrease in the yield on loans as a result of the continued low rate environment . during 2015 , we continued to purchase short-term bonds in the held-to-maturity category to provide for the funding necessary to 41 extinguish certain wholesale borrowings as they come due . average interest-bearing deposits experienced a slight increase of $ 549 thousand , or 0.56 % . interest-bearing deposits with banks are primarily comprised of excess liquidity kept at the frb of richmond bearing overnight market rates . as of december 31 , 2015 , interest-bearing liabilities included interest-bearing deposits ; retail repurchase agreements , consisting of collateralized retail deposits and commercial treasury accounts ; wholesale repurchase agreements ; fhlb advances ; and other borrowings . average interest-bearing liabilities decreased $ 159.91 million , or 8.51 % , primarily due to the decline in average time deposits and fhlb borrowings . in 2015 , we prepaid an additional $ 25 million of a $ 50 million fhlb convertible advance with a may 2017 maturity and 4.15 % interest rate . the yield on interest-bearing liabilities decreased 15 basis points due to a 6 basis point decrease in the rate on interest-bearing deposits and a 35 basis point decrease in the rate on borrowings . average interest-bearing deposits decreased $ 99.80 million , or 6.21 % , which was driven by a $ 72.86 million , or 10.34 % , decrease in average time deposits , a $ 23.90 million , or 6.51 % , decrease in average interest-bearing demand deposits , and a $ 3.04 million , or 0.57 % , decrease in average savings deposits , which include money market and savings accounts . average borrowings decreased $ 60.12 million , or 22.16 % , largely due to a $ 58.10 million , or 39.39 % , decrease in fhlb and other borrowings . 2014 compared to 2013 . net interest income under gaap decreased $ 824 thousand , or 0.90 % , and tax equivalent net interest income decreased $ 1.01 million , or 1.07 % , in 2014. changes in the average balances of and yields/rates on earning assets and interest-bearing liabilities resulted in a 3 basis point increase in the net interest rate spread and a 2 basis point increase in the net interest margin . pci loan interest accretion totaled $ 11.47 million in 2014 and $ 14.73 million in 2013. interest accretion income received in cash totaled $ 4.41 million in 2014 and $ 7.02 million in 2013. accretion income was enhanced in 2014 by non-recurring discount accretion of $ 2.59 million related to the positive resolution of a sizable credit . the normalized yield on loans decreased 31 basis points compared to a decrease of 20 basis points under gaap . the normalized net interest margin decreased 8 basis points compared to an increase of 2 basis points under gaap . the impact of purchase accounting interest accretion is expected to decline in future periods due to acquired loan portfolio attrition . average earning assets decreased $ 33.96 million , or 1.47 % , due to a decrease in securities available for sale offset by increases in the noncovered loan portfolio , securities held to maturity , and deposits with other banks . the yield on earning assets decreased 8 basis points , which was largely due to a 20 basis point decrease in the yield on loans , a result of the continued low rate environment . during 2014 , we purchased short-term bonds in the held-to-maturity category to provide for the funding necessary to extinguish certain wholesale borrowings as they come due . as of december 31 , 2014 , interest-bearing liabilities included interest-bearing deposits ; retail repurchase agreements , consisting of collateralized retail deposits and commercial treasury accounts ; wholesale repurchase agreements ; fhlb advances ; and other borrowings . average interest-bearing liabilities decreased $ 64.24 million , or 3.31 % , primarily due to the decline in average time deposits and fhlb borrowings . in 2014 , we prepaid $ 60 million of fhlb convertible advances , of which $ 50 million bore a 4.21 % interest rate and $ 10 million bore a 4.15 % interest rate . the yield on interest-bearing liabilities decreased 11 basis points due to an 8 basis point decrease in the rate on interest-bearing deposits and a 15 basis point decrease in the rate on borrowings . average interest-bearing deposits decreased $ 44.26 million , or 2.68 % , which was driven by a $ 68.22 million , or 8.83 % , decrease in average time deposits , partially offset by increases in average interest-bearing demand deposits of $ 4.95 million , or 1.37 % , and average savings deposits , which include money market and savings accounts , of $ 19.01 million , or 3.68 % . average borrowings decreased $ 19.98 million , or 6.86 % , largely due to decreases in fhlb and other borrowings . provision for loan losses 2015 compared to 2014 . the provision for loan losses is the amount added to the allowance for loan losses after net charge-offs have been deducted to bring the allowance to a level management determines necessary to absorb 42 probable losses in the existing loan portfolio . the provision charged to operations increased $ 2.05 million due

cash and cash equivalents cash and cash equivalents as of december 31 , 2015 , decreased $ 185.87 million , or 78.21 % , compared to december 31 , 2014. the decrease was primarily due to the deployment of liquidity to redeem our convertible preferred shares , repurchase common stock , purchase investment securities to provide the funding necessary to extinguish certain borrowings as they come due , and establish a short duration investment portfolio . 46 investment securities available-for-sale securities as of december 31 , 2015 , increased $ 40.06 million , or 12.28 % , compared to december 31 , 2014. held-to-maturity securities as of december 31 , 2015 , increased $ 14.59 million , or 25.18 % , compared to december 31 , 2014 , due to the purchase of low-yield , short-term bonds to provide funding to extinguish certain wholesale borrowings when due . investment securities classified as held to maturity are comprised primarily of u.s. agency securities and high grade municipal bonds . the following table details the amortized cost and fair value of investment securities as of the dates indicated : replace_table_token_13_th the following table presents the market value as a percentage amortized cost , the average life , and the average duration of the investment portfolios : replace_table_token_14_th at december 31 , 2015 , there were no holdings of any one issuer , other than the u.s. government and its agencies , in an amount greater than 10 % of our total consolidated shareholders ' equity . 47 the following table presents the amortized cost , fair value , and weighted-average yield of available-for-sale securities , by contractual maturity , as of december 31 , 2015. actual maturities could differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties . replace_table_token_15_th ( 1 ) fully taxable equivalent at the rate of 35 % .


 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.
     ```cash and cash equivalents cash and cash equivalents as of december 31 , 2015 , decreased $ 185.87 million , or 78.21 % , compared to december 31 , 2014. the decrease was primarily due to the deployment of liquidity to redeem our convertible preferred shares , repurchase common stock , purchase investment securities to provide the funding necessary to extinguish certain borrowings as they come due , and establish a short duration investment portfolio . 46 investment securities available-for-sale securities as of december 31 , 2015 , increased $ 40.06 million , or 12.28 % , compared to december 31 , 2014. held-to-maturity securities as of december 31 , 2015 , increased $ 14.59 million , or 25.18 % , compared to december 31 , 2014 , due to the purchase of low-yield , short-term bonds to provide funding to extinguish certain wholesale borrowings when due . investment securities classified as held to maturity are comprised primarily of u.s. agency securities and high grade municipal bonds . the following table details the amortized cost and fair value of investment securities as of the dates indicated : replace_table_token_13_th the following table presents the market value as a percentage amortized cost , the average life , and the average duration of the investment portfolios : replace_table_token_14_th at december 31 , 2015 , there were no holdings of any one issuer , other than the u.s. government and its agencies , in an amount greater than 10 % of our total consolidated shareholders ' equity . 47 the following table presents the amortized cost , fair value , and weighted-average yield of available-for-sale securities , by contractual maturity , as of december 31 , 2015. actual maturities could differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties . replace_table_token_15_th ( 1 ) fully taxable equivalent at the rate of 35 % .
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 Suspicious Activity Report : on december 12 , 2014 , we completed the sale of thirteen branches , ten in southeastern north carolina and three in south carolina , to crescom bank ( crescom ) , headquartered in charleston , south carolina . at closing , crescom assumed total deposits of $ 215.19 million and purchased total loans of $ 70.04 million . we received a deposit premium from crescom of $ 6.45 million . the transaction excluded loans covered under fdic loss share agreements . in connection with the transaction we recorded a net gain of $ 755 thousand , which included a $ 6.45 million goodwill allocation . on october 31 , 2015 , greenpoint sold one insurance agency that resulted in a net loss of $ 8 thousand . in connection with the sale , we eliminated $ 324 thousand of goodwill and $ 61 thousand of other intangibles on our consolidated balance sheet . insurance services we offer insurance services through greenpoint , a full-service insurance agency that provides commercial and personal lines of insurance . revenues are primarily derived from commissions paid by issuing companies on the sale of policies . commission revenue totaled $ 6.90 million in 2015 , an increase of $ 344 thousand , or 5.25 % , compared to the same period of 2014 , which was primarily due to an increase in direct bill property and casualty insurance income and contingency income . commission revenue totaled $ 6.56 million in 2014 , an increase of $ 622 thousand , or 10.48 % , compared to the same period of 2013 , which was also primarily due to an increase in direct bill property and casualty insurance income and contingency income . wealth management services we offer trust management , estate administration , and investment advisory services through fcwm and the bank 's trust division , which reported combined assets under management of $ 742 million as of december 31 , 2015 , and $ 712 million as of december 31 , 2014. these assets are not our assets , but are managed under various fee-based arrangements as fiduciary or agent . the trust division manages inter vivos trusts and trusts under will , develops and administers employee benefit and individual retirement plans , and manages and settles estates . fiduciary fees for these services are charged on a schedule related to the size , nature , and complexity of the account . revenues consist primarily of commissions on assets under management and investment advisory fees . critical accounting estimates we prepare our consolidated financial statements in accordance with generally accepted accounting principles ( gaap ) in the united states and conform to general practices within the banking industry . our financial position and results of operations require management to make judgments and estimates to develop the amounts 34 reflected and disclosed in the consolidated financial statements . different assumptions in the application of these estimates could result in material changes to our consolidated financial position and consolidated results of operations . estimates , assumptions , and judgments , which are periodically evaluated , are based on historical experience and other factors , including expectations of future events believed to be reasonable under the circumstances . these estimates are generally necessary when assets and liabilities are required to be recorded at estimated fair value , a decline in the value of an asset carried on the financial statements at fair value warrants an impairment write-down or establishment of a valuation reserve , or an asset or liability needs to be recorded based upon the probability of occurrence of a future event . carrying assets and liabilities at fair value inherently results in more financial statement volatility . fair values and information used to record valuation adjustments for certain assets and liabilities are based either on quoted market prices or , when available , are provided by third-party sources . when third-party information is not available , management estimates valuation adjustments primarily through the use of financial modeling techniques and appraisal estimates . our accounting policies are fundamental in understanding md & a and the disclosures presented in item 8 , financial statements and supplementary data ,  of this report . see note 1 , summary of significant accounting policies ,  to the consolidated financial statements in item 8 of this report . these policies may involve significant estimates and assumptions that have a material impact on our financial condition or operating performance due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change . based on the valuation techniques used and the sensitivity of financial statement amounts to the methods , assumptions , and estimates underlying those amounts , we have identified the establishment and determination of investment securities , the allowance for loan losses , business combinations , intangible assets , and income taxes as the accounting areas that require the most subjective or complex judgments . investment securities independent third parties are used to determine the fair values of our investment securities . inputs provided by third parties are reviewed and corroborated by management . evaluations of the causes of the unrealized losses are performed to determine whether the impairment is temporary or other-than-temporary in nature . we review our investment portfolio quarterly for indications of otti . the analysis differs depending upon the type of investment security being analyzed . story_separator_special_tag the normalized net interest margin decreased 7 basis points compared to a decrease of 18 basis points under gaap . the impact of purchase accounting interest accretion is expected to decline in future periods due to acquired loan portfolio attrition . average earning assets decreased $ 60.58 million , or 2.66 % , due to a decrease in the loan portfolio and securities available for sale offset by an increase in securities held to maturity . the yield on earning assets decreased 34 basis points , which was largely due to a 38 basis point decrease in the yield on available for sale securities and 27 basis point decrease in the yield on loans as a result of the continued low rate environment . during 2015 , we continued to purchase short-term bonds in the held-to-maturity category to provide for the funding necessary to 41 extinguish certain wholesale borrowings as they come due . average interest-bearing deposits experienced a slight increase of $ 549 thousand , or 0.56 % . interest-bearing deposits with banks are primarily comprised of excess liquidity kept at the frb of richmond bearing overnight market rates . as of december 31 , 2015 , interest-bearing liabilities included interest-bearing deposits ; retail repurchase agreements , consisting of collateralized retail deposits and commercial treasury accounts ; wholesale repurchase agreements ; fhlb advances ; and other borrowings . average interest-bearing liabilities decreased $ 159.91 million , or 8.51 % , primarily due to the decline in average time deposits and fhlb borrowings . in 2015 , we prepaid an additional $ 25 million of a $ 50 million fhlb convertible advance with a may 2017 maturity and 4.15 % interest rate . the yield on interest-bearing liabilities decreased 15 basis points due to a 6 basis point decrease in the rate on interest-bearing deposits and a 35 basis point decrease in the rate on borrowings . average interest-bearing deposits decreased $ 99.80 million , or 6.21 % , which was driven by a $ 72.86 million , or 10.34 % , decrease in average time deposits , a $ 23.90 million , or 6.51 % , decrease in average interest-bearing demand deposits , and a $ 3.04 million , or 0.57 % , decrease in average savings deposits , which include money market and savings accounts . average borrowings decreased $ 60.12 million , or 22.16 % , largely due to a $ 58.10 million , or 39.39 % , decrease in fhlb and other borrowings . 2014 compared to 2013 . net interest income under gaap decreased $ 824 thousand , or 0.90 % , and tax equivalent net interest income decreased $ 1.01 million , or 1.07 % , in 2014. changes in the average balances of and yields/rates on earning assets and interest-bearing liabilities resulted in a 3 basis point increase in the net interest rate spread and a 2 basis point increase in the net interest margin . pci loan interest accretion totaled $ 11.47 million in 2014 and $ 14.73 million in 2013. interest accretion income received in cash totaled $ 4.41 million in 2014 and $ 7.02 million in 2013. accretion income was enhanced in 2014 by non-recurring discount accretion of $ 2.59 million related to the positive resolution of a sizable credit . the normalized yield on loans decreased 31 basis points compared to a decrease of 20 basis points under gaap . the normalized net interest margin decreased 8 basis points compared to an increase of 2 basis points under gaap . the impact of purchase accounting interest accretion is expected to decline in future periods due to acquired loan portfolio attrition . average earning assets decreased $ 33.96 million , or 1.47 % , due to a decrease in securities available for sale offset by increases in the noncovered loan portfolio , securities held to maturity , and deposits with other banks . the yield on earning assets decreased 8 basis points , which was largely due to a 20 basis point decrease in the yield on loans , a result of the continued low rate environment . during 2014 , we purchased short-term bonds in the held-to-maturity category to provide for the funding necessary to extinguish certain wholesale borrowings as they come due . as of december 31 , 2014 , interest-bearing liabilities included interest-bearing deposits ; retail repurchase agreements , consisting of collateralized retail deposits and commercial treasury accounts ; wholesale repurchase agreements ; fhlb advances ; and other borrowings . average interest-bearing liabilities decreased $ 64.24 million , or 3.31 % , primarily due to the decline in average time deposits and fhlb borrowings . in 2014 , we prepaid $ 60 million of fhlb convertible advances , of which $ 50 million bore a 4.21 % interest rate and $ 10 million bore a 4.15 % interest rate . the yield on interest-bearing liabilities decreased 11 basis points due to an 8 basis point decrease in the rate on interest-bearing deposits and a 15 basis point decrease in the rate on borrowings . average interest-bearing deposits decreased $ 44.26 million , or 2.68 % , which was driven by a $ 68.22 million , or 8.83 % , decrease in average time deposits , partially offset by increases in average interest-bearing demand deposits of $ 4.95 million , or 1.37 % , and average savings deposits , which include money market and savings accounts , of $ 19.01 million , or 3.68 % . average borrowings decreased $ 19.98 million , or 6.86 % , largely due to decreases in fhlb and other borrowings . provision for loan losses 2015 compared to 2014 . the provision for loan losses is the amount added to the allowance for loan losses after net charge-offs have been deducted to bring the allowance to a level management determines necessary to absorb 42 probable losses in the existing loan portfolio . the provision charged to operations increased $ 2.05 million due

