for acquired loans that are not deemed impaired at acquisition , the difference between the acquisition date fair value and the outstanding balance represents the fair value adjustment for a loan , and includes both credit and interest rate considerations . subsequent to the purchase date , the methods used to estimate the allowance for loan losses for the acquired non-impaired loans is consistent with the policy described below . however , the company compares the net realizable value of the loans to the carrying value , for loans collectively evaluated for impairment . the carrying value represents the net of the loan 's unpaid principal balance and the remaining purchase discount ( or premium ) that has yet to be accreted into interest income . when the carrying value exceeds the net realizable value , an allowance for loan losses is recognized . for loans individually evaluated for impairment , a provision is recorded when the required allowance exceeds any remaining discount on the loan . ● allowance for loan losses – the allowance for loan losses reflects management 's best estimate of probable loan losses in the company 's loan portfolio . determination of the allowance for loan losses is inherently subjective . it requires significant estimates , including the amounts and timing of expected future cash flows on impaired loans , appraisal values of underlying collateral for collateralized loans , and the amount of estimated losses on pools of homogeneous loans which is based on historical loss experience and consideration of current economic trends , all of which may be susceptible to significant change . 24 of 105 ● investment securities – investment securities are classified as held-to-maturity , available-for-sale , or trading . the appropriate classification is based partially on the company 's ability to hold the securities to maturity and largely on management 's intentions with respect to either holding or selling the securities . the classification of investment securities is significant since it directly impacts the accounting for unrealized gains and losses on securities . unrealized gains and losses on available-for-sale securities are recorded in accumulated other comprehensive income or loss , as a separate component of shareholders ' equity , and do not affect earnings until realized . the fair values of investment securities are generally determined by reference to quoted market prices , where available . if quoted market prices are not available , fair values are based on quoted market prices of comparable instruments , or a discounted cash flow model using market estimates of interest rates and volatility . investment securities with significant declines in fair value are evaluated to determine whether they should be considered other-than-temporarily impaired ( “ otti ” ) . an unrealized loss is generally deemed to be other-than-temporary and a credit loss is deemed to exist if the present value of the expected future cash flows is less than the amortized cost basis of the debt security . the credit loss component of an other-than-temporary impairment write-down is recorded in earnings , while the remaining portion of the impairment loss is recognized in other comprehensive income ( loss ) , provided the company does not intend to sell the underlying debt security , and it is not more likely than not that the company will be required to sell the debt security prior to recovery of the full value of its amortized cost basis . during 2013 , the company sold certain held-to-maturity securities and consequently did not use the held-to-maturity classification in 2014 or 2015 . ● retirement benefits - the company provides defined benefit pension benefits to eligible employees and post-retirement health and life insurance benefits to certain eligible retirees . the company also provides deferred compensation and supplemental executive retirement plans for selected current and former employees . expense under these plans is charged to current operations and consists of several components of net periodic ( benefit ) cost based on various actuarial assumptions regarding future experience under the plans , including , but not limited to , discount rate , rate of future compensation increases , mortality rates , future health care costs and the expected return on plan assets . ● provision for income taxes – the company is subject to examinations from various taxing authorities . such examinations may result in challenges to the tax return treatment applied by the company to specific transactions . management believes that the assumptions and judgments used to record tax-related assets or liabilities have been appropriate . should tax laws change or the taxing authorities determine that management 's assumptions were inappropriate , an adjustment may be required which could have a material effect on the company 's results of operations . ● intangible assets – as a result of acquisitions the company carries goodwill and identifiable intangible assets . goodwill represents the cost of acquired companies in excess of the fair value of net assets at the acquisition date . goodwill is evaluated at least annually , or when business conditions suggest impairment may have occurred . should an impairment occur goodwill will be reduced to its carrying value through a charge to earnings . core deposits and other identifiable intangible assets are amortized to expense over their estimated useful lives . the determination of whether or not impairment exists is based upon discounted cash flow modeling techniques that require management to make estimates regarding the amount and timing of expected future cash flows . it also requires them to select a discount rate that reflects the current return requirements of the market in relation to present risk-free interest rates , required equity market premiums , and company-specific performance and risk metrics , all of which are susceptible to change based on changes in economic and market conditions and other factors . story_separator_special_tag as shown in table 3 , total fte-basis interest income increased by $ 0.3 million , or 0.1 % , in 2015 in comparison to 2014. table 4 indicates that a higher average earning-asset balance created $ 13.9 million of incremental interest income . as mentioned previously , this was mostly offset by a lower average yield on earning assets that had a negative impact of $ 13.6 million . average loans increased a total of $ 131.3 million , or 3.2 % , in 2015 , a result of organic and acquired growth in all loan portfolios , with the oneida acquisition accounting for $ 24.9 million of the total growth . fte-basis loan interest income and fees increased $ 2.8 million , or 1.5 % , in 2015 as compared to 2014 , attributable to the higher average balances , partially offset by a seven basis point decrease in loan yields . investment interest income ( fte basis ) in 2015 was $ 2.5 million , or 2.9 % , lower than the prior year as a result of a 37 basis point decrease in the average investment yield from 3.42 % to 3.05 % and changes in the state tax structures . these were partially offset by a $ 217.2 million , or 8.7 % , higher average book basis balance ( including cash equivalents ) for 2015 versus the prior year that was driven by investment purchases made in the first half of the year in anticipation of liquidity to be received from the oneida acquisition . during 2015 , market interest rates continued to be low , and as a result , cash flows from higher rate maturing investments were reinvested at lower interest rates . the investments purchased during 2015 had a weighted average yield of 2.46 % . total interest income decreased by $ 7.5 million , or 2.7 % , in 2014 from 2013 's level . table 4 indicates that a lower average yield on earning assets had a negative impact of $ 14.8 million . this was partially offset by a higher average earning-asset balance that created $ 7.3 million of incremental interest income . average loans increased a total of $ 202.3 million in 2014 , the result of organic growth in the consumer indirect , business lending , consumer direct , and consumer mortgage portfolios , partially offset by a small decline in the home equity loan portfolio . fte-basis loan interest income and fees decreased $ 2.4 million , or 1.3 % , in 2014 as compared to 2013 , attributable to the 29 basis point decrease in loan yields , partially offset by higher average balances . on an fte basis , investment interest income , including interest on average cash equivalents , of $ 85.0 million in 2014 , was $ 5.0 million , or 5.6 % , lower than the prior year as a result of a 16 basis point decrease in the yield as well as a decline in the size of the portfolio . average investments for 2014 , including cash equivalents , were $ 29.3 million lower than 2013 , reflective of the balance sheet restructuring program completed in the first half of 2013 and the sale of the company 's cdo portfolio and certain treasury securities at the end of 2013 , partially offset by the purchase of treasury securities at various times throughout the last 24 months . total interest expense decreased by $ 0.6 million , or 5.0 % , to $ 11.2 million in 2015. as shown in table 4 , lower interest rates on interest-bearing liabilities resulted in decreasing interest expense by $ 1.0 million , while higher external borrowing balances accounted for $ 0.4 million more interest expense . interest expense as a percentage of average earning assets for 2015 decreased two basis points to 0.16 % . the rate on interest-bearing deposits decreased two basis points to 0.15 % as rates have declined or held steady in all interest-bearing categories throughout 2015 and 2014 , as well as the change in deposit mix to a lower proportion of time deposit products . the rate on external borrowings decreased seven basis points to 0.82 % in 2015 primarily due to lower-rate fhlb overnight borrowings being a larger proportion of the balance . total average funding ( deposits and borrowings ) in 2015 increased $ 289.9 million , or 4.6 % . average deposits increased $ 181.5 million , of which approximately $ 53.1 million was attributable to the oneida acquisition , with the remaining $ 128.4 million attributable to organic deposit growth . consistent with the company 's funding mix objective and customers ' unwillingness to commit to less liquid instruments in the low rate environment , average core deposit balances increased $ 288.8 million , while time deposits declined $ 107.3 million year-over-year . average external borrowings increased $ 108.4 million in 2015 as compared to the prior year , reflective of the funding of the pre-investment of expected liquidity from the oneida acquisition . 29 of 105 total interest expense decreased by $ 14.3 million to $ 11.8 million in 2014 as compared to 2013. lower interest rates on deposits and external borrowing balances resulted in nearly all of this decrease , while lower external borrowing balances were offset by higher deposit balances . interest expense as a percentage of average earning assets decreased by 22 basis points to 0.18 % . the rate on interest-bearing deposits decreased seven basis points to 0.17 % due to the reduction of rates in all interest-bearing categories throughout 2013 and 2014 and the change in deposit mix with a lower proportion of time deposits products . the rate on external borrowings decreased 181 basis points to 0.89 % in 2014 primarily due to the balance sheet restructuring undertaken in the first half of 2013 that retired $ 501.6 million of higher rate fhlb borrowings and by

liquidity liquidity risk is a measure of the company 's ability to raise cash when needed at a reasonable cost and minimize any loss . the bank maintains appropriate liquidity levels in both normal operating environments as well as stressed environments . the company must be capable of meeting all obligations to its customers at any time and , therefore , the active management of its liquidity position remains an important management objective . the bank has appointed the asset liability committee ( “ alco ” ) to manage liquidity risk using policy guidelines and limits on indicators of potential liquidity risk . the indicators are monitored using a scorecard with three risk level limits . these risk indicators measure core liquidity and funding needs , capital at risk and change in available funding sources . the risk indicators are monitored using such statistics as the core basic surplus ratio , unencumbered securities to average assets , free loan collateral to average assets , loans to deposits , deposits to total funding and borrowings to total funding ratios . 35 of 105 given the uncertain nature of our customers ' demands as well as the company 's desire to take advantage of earnings enhancement opportunities , the company must have adequate sources of on- and off-balance sheet funds available that can be acquired in time of need . accordingly , in addition to the liquidity provided by balance sheet cash flows , liquidity must be supplemented with additional sources such as credit lines from correspondent banks and borrowings from the fhlb and the federal reserve bank of new york ( “ federal reserve ” ) . other funding alternatives may also be appropriate from time to time , including wholesale and retail repurchase agreements , large certificates of deposit and the brokered cd market .


 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 liquidity risk is a measure of the company 's ability to raise cash when needed at a reasonable cost and minimize any loss . the bank maintains appropriate liquidity levels in both normal operating environments as well as stressed environments . the company must be capable of meeting all obligations to its customers at any time and , therefore , the active management of its liquidity position remains an important management objective . the bank has appointed the asset liability committee ( “ alco ” ) to manage liquidity risk using policy guidelines and limits on indicators of potential liquidity risk . the indicators are monitored using a scorecard with three risk level limits . these risk indicators measure core liquidity and funding needs , capital at risk and change in available funding sources . the risk indicators are monitored using such statistics as the core basic surplus ratio , unencumbered securities to average assets , free loan collateral to average assets , loans to deposits , deposits to total funding and borrowings to total funding ratios . 35 of 105 given the uncertain nature of our customers ' demands as well as the company 's desire to take advantage of earnings enhancement opportunities , the company must have adequate sources of on- and off-balance sheet funds available that can be acquired in time of need . accordingly , in addition to the liquidity provided by balance sheet cash flows , liquidity must be supplemented with additional sources such as credit lines from correspondent banks and borrowings from the fhlb and the federal reserve bank of new york ( “ federal reserve ” ) . other funding alternatives may also be appropriate from time to time , including wholesale and retail repurchase agreements , large certificates of deposit and the brokered cd market .
```    
 Suspicious Activity Report : for acquired loans that are not deemed impaired at acquisition , the difference between the acquisition date fair value and the outstanding balance represents the fair value adjustment for a loan , and includes both credit and interest rate considerations . subsequent to the purchase date , the methods used to estimate the allowance for loan losses for the acquired non-impaired loans is consistent with the policy described below . however , the company compares the net realizable value of the loans to the carrying value , for loans collectively evaluated for impairment . the carrying value represents the net of the loan 's unpaid principal balance and the remaining purchase discount ( or premium ) that has yet to be accreted into interest income . when the carrying value exceeds the net realizable value , an allowance for loan losses is recognized . for loans individually evaluated for impairment , a provision is recorded when the required allowance exceeds any remaining discount on the loan . ● allowance for loan losses – the allowance for loan losses reflects management 's best estimate of probable loan losses in the company 's loan portfolio . determination of the allowance for loan losses is inherently subjective . it requires significant estimates , including the amounts and timing of expected future cash flows on impaired loans , appraisal values of underlying collateral for collateralized loans , and the amount of estimated losses on pools of homogeneous loans which is based on historical loss experience and consideration of current economic trends , all of which may be susceptible to significant change . 24 of 105 ● investment securities – investment securities are classified as held-to-maturity , available-for-sale , or trading . the appropriate classification is based partially on the company 's ability to hold the securities to maturity and largely on management 's intentions with respect to either holding or selling the securities . the classification of investment securities is significant since it directly impacts the accounting for unrealized gains and losses on securities . unrealized gains and losses on available-for-sale securities are recorded in accumulated other comprehensive income or loss , as a separate component of shareholders ' equity , and do not affect earnings until realized . the fair values of investment securities are generally determined by reference to quoted market prices , where available . if quoted market prices are not available , fair values are based on quoted market prices of comparable instruments , or a discounted cash flow model using market estimates of interest rates and volatility . investment securities with significant declines in fair value are evaluated to determine whether they should be considered other-than-temporarily impaired ( “ otti ” ) . an unrealized loss is generally deemed to be other-than-temporary and a credit loss is deemed to exist if the present value of the expected future cash flows is less than the amortized cost basis of the debt security . the credit loss component of an other-than-temporary impairment write-down is recorded in earnings , while the remaining portion of the impairment loss is recognized in other comprehensive income ( loss ) , provided the company does not intend to sell the underlying debt security , and it is not more likely than not that the company will be required to sell the debt security prior to recovery of the full value of its amortized cost basis . during 2013 , the company sold certain held-to-maturity securities and consequently did not use the held-to-maturity classification in 2014 or 2015 . ● retirement benefits - the company provides defined benefit pension benefits to eligible employees and post-retirement health and life insurance benefits to certain eligible retirees . the company also provides deferred compensation and supplemental executive retirement plans for selected current and former employees . expense under these plans is charged to current operations and consists of several components of net periodic ( benefit ) cost based on various actuarial assumptions regarding future experience under the plans , including , but not limited to , discount rate , rate of future compensation increases , mortality rates , future health care costs and the expected return on plan assets . ● provision for income taxes – the company is subject to examinations from various taxing authorities . such examinations may result in challenges to the tax return treatment applied by the company to specific transactions . management believes that the assumptions and judgments used to record tax-related assets or liabilities have been appropriate . should tax laws change or the taxing authorities determine that management 's assumptions were inappropriate , an adjustment may be required which could have a material effect on the company 's results of operations . ● intangible assets – as a result of acquisitions the company carries goodwill and identifiable intangible assets . goodwill represents the cost of acquired companies in excess of the fair value of net assets at the acquisition date . goodwill is evaluated at least annually , or when business conditions suggest impairment may have occurred . should an impairment occur goodwill will be reduced to its carrying value through a charge to earnings . core deposits and other identifiable intangible assets are amortized to expense over their estimated useful lives . the determination of whether or not impairment exists is based upon discounted cash flow modeling techniques that require management to make estimates regarding the amount and timing of expected future cash flows . it also requires them to select a discount rate that reflects the current return requirements of the market in relation to present risk-free interest rates , required equity market premiums , and company-specific performance and risk metrics , all of which are susceptible to change based on changes in economic and market conditions and other factors . story_separator_special_tag as shown in table 3 , total fte-basis interest income increased by $ 0.3 million , or 0.1 % , in 2015 in comparison to 2014. table 4 indicates that a higher average earning-asset balance created $ 13.9 million of incremental interest income . as mentioned previously , this was mostly offset by a lower average yield on earning assets that had a negative impact of $ 13.6 million . average loans increased a total of $ 131.3 million , or 3.2 % , in 2015 , a result of organic and acquired growth in all loan portfolios , with the oneida acquisition accounting for $ 24.9 million of the total growth . fte-basis loan interest income and fees increased $ 2.8 million , or 1.5 % , in 2015 as compared to 2014 , attributable to the higher average balances , partially offset by a seven basis point decrease in loan yields . investment interest income ( fte basis ) in 2015 was $ 2.5 million , or 2.9 % , lower than the prior year as a result of a 37 basis point decrease in the average investment yield from 3.42 % to 3.05 % and changes in the state tax structures . these were partially offset by a $ 217.2 million , or 8.7 % , higher average book basis balance ( including cash equivalents ) for 2015 versus the prior year that was driven by investment purchases made in the first half of the year in anticipation of liquidity to be received from the oneida acquisition . during 2015 , market interest rates continued to be low , and as a result , cash flows from higher rate maturing investments were reinvested at lower interest rates . the investments purchased during 2015 had a weighted average yield of 2.46 % . total interest income decreased by $ 7.5 million , or 2.7 % , in 2014 from 2013 's level . table 4 indicates that a lower average yield on earning assets had a negative impact of $ 14.8 million . this was partially offset by a higher average earning-asset balance that created $ 7.3 million of incremental interest income . average loans increased a total of $ 202.3 million in 2014 , the result of organic growth in the consumer indirect , business lending , consumer direct , and consumer mortgage portfolios , partially offset by a small decline in the home equity loan portfolio . fte-basis loan interest income and fees decreased $ 2.4 million , or 1.3 % , in 2014 as compared to 2013 , attributable to the 29 basis point decrease in loan yields , partially offset by higher average balances . on an fte basis , investment interest income , including interest on average cash equivalents , of $ 85.0 million in 2014 , was $ 5.0 million , or 5.6 % , lower than the prior year as a result of a 16 basis point decrease in the yield as well as a decline in the size of the portfolio . average investments for 2014 , including cash equivalents , were $ 29.3 million lower than 2013 , reflective of the balance sheet restructuring program completed in the first half of 2013 and the sale of the company 's cdo portfolio and certain treasury securities at the end of 2013 , partially offset by the purchase of treasury securities at various times throughout the last 24 months . total interest expense decreased by $ 0.6 million , or 5.0 % , to $ 11.2 million in 2015. as shown in table 4 , lower interest rates on interest-bearing liabilities resulted in decreasing interest expense by $ 1.0 million , while higher external borrowing balances accounted for $ 0.4 million more interest expense . interest expense as a percentage of average earning assets for 2015 decreased two basis points to 0.16 % . the rate on interest-bearing deposits decreased two basis points to 0.15 % as rates have declined or held steady in all interest-bearing categories throughout 2015 and 2014 , as well as the change in deposit mix to a lower proportion of time deposit products . the rate on external borrowings decreased seven basis points to 0.82 % in 2015 primarily due to lower-rate fhlb overnight borrowings being a larger proportion of the balance . total average funding ( deposits and borrowings ) in 2015 increased $ 289.9 million , or 4.6 % . average deposits increased $ 181.5 million , of which approximately $ 53.1 million was attributable to the oneida acquisition , with the remaining $ 128.4 million attributable to organic deposit growth . consistent with the company 's funding mix objective and customers ' unwillingness to commit to less liquid instruments in the low rate environment , average core deposit balances increased $ 288.8 million , while time deposits declined $ 107.3 million year-over-year . average external borrowings increased $ 108.4 million in 2015 as compared to the prior year , reflective of the funding of the pre-investment of expected liquidity from the oneida acquisition . 29 of 105 total interest expense decreased by $ 14.3 million to $ 11.8 million in 2014 as compared to 2013. lower interest rates on deposits and external borrowing balances resulted in nearly all of this decrease , while lower external borrowing balances were offset by higher deposit balances . interest expense as a percentage of average earning assets decreased by 22 basis points to 0.18 % . the rate on interest-bearing deposits decreased seven basis points to 0.17 % due to the reduction of rates in all interest-bearing categories throughout 2013 and 2014 and the change in deposit mix with a lower proportion of time deposits products . the rate on external borrowings decreased 181 basis points to 0.89 % in 2014 primarily due to the balance sheet restructuring undertaken in the first half of 2013 that retired $ 501.6 million of higher rate fhlb borrowings and by

