the relatively low level of market interest rates during the five years ended december 31 , 2015 has reduced the spread between interest rates on earning assets and interest bearing liabilities . the company 's net interest margin and net interest income declined as market interest rates on newly originated loans remain below the yields earned on older-dated loans and on the overall loan portfolio . the company has been reducing its exposure to rising interest rates by purchasing shorter-duration investment securities with lower yields than longer-duration securities . the company 's credit quality continued to improve , as nonperforming loans at december 31 , 2015 declined 15.5 percent compared with december 31 , 2014 and net loan losses have also declined from $ 3.0 million in 2014 to $ 1.7 million in 2015. the improvement in credit quality has resulted in management reducing the provision for loan losses to zero in 2015 from $ 2.8 million in 2014 and $ 8.0 million in 2013. management is focused on controlling all noninterest expense levels , particularly due to market interest rate pressure on net interest income . the company reported net income of $ 58.8 million or $ 2.30 diluted earnings per common share for the year ended december 31 , 2015 compared with net income of $ 60.6 million or $ 2.32 diluted earnings per common share for the year ended december 31 , 2014 and net income of $ 67.2 million or $ 2.50 diluted earnings per common share for the year ended december 31 , 2013 . - 19 - components of net income replace_table_token_5_th ( 1 ) fully taxable equivalent ( fte ) comparing 2015 with 2014 , net income decreased $ 1.9 million or 3.1 % , primarily due to lower net interest and loan fee income ( fte ) and lower noninterest income , partially offset by decreases in loan loss provision , noninterest expense and income tax provision ( fte ) . the lower net interest and loan fee income ( fte ) was primarily caused by a lower average volume of loans and lower yields on interest-earning assets , partially offset by higher average balances of investments and lower average balances of higher-costing interest-bearing liabilities . the provision for loan losses was reduced , reflecting management 's evaluation of losses inherent in the loan portfolio ; net loan losses and nonperforming loan volumes have declined relative to earlier periods . lower noninterest income was mostly attributable to lower merchant processing service fees and lower service charges on deposit accounts . noninterest expense decreased primarily due to reduced personnel costs and other operational expenses . comparing 2014 with 2013 , net income decreased $ 6.5 million primarily due to lower net interest and fee income ( fte ) and lower noninterest income , partially offset by decreases in the provision for loan losses , noninterest expense and income tax provision ( fte ) . the lower net interest and fee income ( fte ) was primarily caused by a lower average volume of loans and lower yields on interest earning assets , partially offset by higher average balances of investments and lower average balances of higher-costing interest-bearing liabilities . the provision for loan losses was reduced , reflecting management 's evaluation of losses inherent in the loan portfolio . lower noninterest income was mostly attributable to lower merchant processing service fees and lower service charges on deposit accounts . noninterest expense decreased mostly due to reduced oreo expense net of disposition gains , lower personnel costs and other operational expenses . net interest and loan fee income ( fte ) the company 's primary source of revenue is net interest income , or the difference between interest income earned on loans and investment securities and interest expense paid on interest-bearing deposits and other borrowings . components of net interest and loan fee income ( fte ) replace_table_token_6_th ( 1 ) fully taxable equivalent ( fte ) - 20 - comparing 2015 with 2014 , net interest and fee income ( fte ) decreased $ 4.4 million or 2.9 % primarily due to a lower average volume of loans ( down $ 155 million ) and lower yields on interest-earning assets ( fte ) ( down 37 basis points “ bp ” ) , partially offset by higher average balances of investments ( up $ 436 million ) and lower average balances of higher-costing interest-bearing liabilities . comparing 2014 with 2013 , net interest and fee income ( fte ) decreased $ 15.1 million or 9.0 % primarily due to a lower average volume of loans ( down $ 182 million ) and lower yields on interest-earning assets ( fte ) ( down 41 basis points “ bp ” ) , partially offset by higher average balances of investments ( up $ 206 million ) and lower average balances of higher-costing interest-bearing liabilities . loan volumes have declined due to problem loan workout activities ( such as chargeoffs , collateral repossessions and principal payments ) , particularly with purchased loans , and reduced volumes of loan originations . in management 's opinion , current levels of competitive loan pricing do not provide adequate forward earnings potential . as a result , the company has not currently taken an aggressive posture relative to loan portfolio growth . management has maintained relatively stable interest-earning asset volumes by increasing investment securities as loan volumes have declined . yields on interest-earning assets have declined due to relatively low interest rates prevailing in the market . the net interest margin ( fte ) was 3.36 % in 2015 , 3.70 % in 2014 and 4.08 % in 2013. during the three years ended december 31 , 2015 , the net interest margin ( fte ) was affected by declining market interest rates . the volume of older-dated higher-yielding loans declined due to principal maturities and paydowns . newly originated loans have lower yields . story_separator_special_tag loan portfolio the company originates loans with the intent to hold such assets until principal is repaid . management follows written loan underwriting policies and procedures which are approved by the bank 's board of directors . loans are underwritten following approved underwriting standards and lending authorities within a formalized organizational structure . the board of directors also approves independent real estate appraisers to be used in obtaining estimated values for real property serving as loan collateral . prevailing economic trends and conditions are also taken into consideration in loan underwriting practices . all loan applications must be for clearly defined legitimate purposes with a determinable primary source of repayment , and as appropriate , secondary sources of repayment . all loans are supported by appropriate documentation such as current financial statements , tax returns , credit reports , collateral information , guarantor asset verification , title reports , appraisals , and other relevant documentation . commercial loans represent term loans used to acquire durable business assets or revolving lines of credit used to finance working capital . underwriting practices evaluate each borrower 's cash flow as the principal source of loan repayment . commercial loans are generally secured by the borrower 's business assets as a secondary source of repayment . commercial loans are evaluated for credit-worthiness based on prior loan performance , borrower financial information including cash flow , borrower net worth and aggregate debt . commercial real estate loans represent term loans used to acquire real estate to be operated by the borrower in a commercial capacity . underwriting practices evaluate each borrower 's global cash flow as the principal source of loan repayment , independent appraisal of value of the property , and other relevant factors . commercial real estate loans are generally secured by a first lien on the property as a secondary source of repayment . real estate construction loans represent the financing of real estate development . loan principal disbursements are controlled through the use of project budgets , and disbursements are approved based on construction progress , which is validated by project site inspections . the real estate serves as collateral , secured by a first lien position on the property . residential real estate loans generally represent first lien mortgages used by the borrower to purchase or refinance a principal residence . for interest-rate risk purposes , the company offers only fully-amortizing , adjustable-rate mortgages . in underwriting first lien mortgages , the company evaluates each borrower 's ability to repay the loan , an independent appraisal of the value of the property , and other relevant factors . the company does not offer riskier mortgage products , such as non-amortizing “ interest-only ” mortgages and “ negative amortization ” mortgages . for loans secured by real estate , the bank requires title insurance to insure the status of its lien and each borrower is obligated to insure the real estate collateral , naming the company as loss payee , in an amount sufficient to repay the principal amount outstanding in the event of a property casualty loss . - 33 - consumer installment and other loans are predominantly comprised of indirect automobile loans with underwriting based on credit history and scores , personal income , debt service capacity , and collateral values . for management purposes , the company segregates its loan portfolio into three segments . loans originated by the company following its loan underwriting policies and procedures are separated from loans purchased from the fdic . loan volumes have declined due to problem loan workout activities , particularly with purchased loans , and reduced volumes of loan originations . in management 's opinion , current levels of competitive loan pricing do not provide adequate forward earnings potential . as a result , the company has not currently taken an aggressive posture relative to loan portfolio growth . the following table shows the composition of the loan portfolio of the company by type of loan and type of borrower , on the dates indicated : loan portfolio replace_table_token_22_th the following table shows the maturity distribution and interest rate sensitivity of commercial , commercial real estate , and construction loans at december 31 , 2015. balances exclude residential real estate loans and consumer loans totaling $ 509.2 million . these types of loans are typically paid in monthly installments over a number of years . loan maturity distribution replace_table_token_23_th commitments and letters of credit the company issues formal commitments on lines of credit to well-established and financially responsible commercial enterprises . such commitments can be either secured or unsecured and are typically in the form of revolving lines of credit for seasonal working capital needs . occasionally , such commitments are in the form of letters of credit to facilitate the customers ' particular business transactions . commitment fees are generally charged for commitments and letters of credit . commitments on lines of credit and letters of credit typically mature within one year . for further information , see the accompanying notes to the consolidated financial statements . loan portfolio credit risk the company extends loans to commercial and consumer customers which expose the company to the risk borrowers will default , causing loan losses . the company 's lending activities are exposed to various qualitative risks . all loan segments are exposed to risks inherent in the economy and market conditions . significant risk characteristics related to the commercial loan segment include the borrowers ' business performance and financial condition , and the value of collateral for secured loans . significant risk characteristics related to the commercial real estate segment include the borrowers ' business performance and the value of properties collateralizing the loans . significant risk characteristics related to the construction loan segment include the borrowers ' performance in successfully developing the real estate into the intended purpose and the value of the property collateralizing the loans . significant risk characteristics related to the residential real estate segment

capital resources the company has historically generated high levels of earnings , which provides a means of accumulating capital . the company 's net income as a percentage of average shareholders ' equity ( “ return on equity ” or “ roe ” ) has been 11.3 % in 2015 , 11.6 % in 2014 and 12.5 % in 2013. the company also raises capital as employees exercise stock options . capital raised through the exercise of stock options was $ 5 million in 2015 compared with $ 12 million in 2014 and $ 21 million in 2013. the company paid common dividends totaling $ 39 million in 2015 , $ 40 million in 2014 and $ 40 million in 2013 , which represent dividends per common share of $ 1.53 , $ 1.52 and $ 1.49 , respectively . the company 's earnings have historically exceeded dividends paid to shareholders . the amount of earnings in excess of dividends provides the company resources to finance growth and maintain appropriate levels of shareholders ' equity . in the absence of profitable growth opportunities , the company has repurchased and retired its common stock as another means to return earnings to shareholders .


 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.
     ```capital resources the company has historically generated high levels of earnings , which provides a means of accumulating capital . the company 's net income as a percentage of average shareholders ' equity ( “ return on equity ” or “ roe ” ) has been 11.3 % in 2015 , 11.6 % in 2014 and 12.5 % in 2013. the company also raises capital as employees exercise stock options . capital raised through the exercise of stock options was $ 5 million in 2015 compared with $ 12 million in 2014 and $ 21 million in 2013. the company paid common dividends totaling $ 39 million in 2015 , $ 40 million in 2014 and $ 40 million in 2013 , which represent dividends per common share of $ 1.53 , $ 1.52 and $ 1.49 , respectively . the company 's earnings have historically exceeded dividends paid to shareholders . the amount of earnings in excess of dividends provides the company resources to finance growth and maintain appropriate levels of shareholders ' equity . in the absence of profitable growth opportunities , the company has repurchased and retired its common stock as another means to return earnings to shareholders .
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 Suspicious Activity Report : the relatively low level of market interest rates during the five years ended december 31 , 2015 has reduced the spread between interest rates on earning assets and interest bearing liabilities . the company 's net interest margin and net interest income declined as market interest rates on newly originated loans remain below the yields earned on older-dated loans and on the overall loan portfolio . the company has been reducing its exposure to rising interest rates by purchasing shorter-duration investment securities with lower yields than longer-duration securities . the company 's credit quality continued to improve , as nonperforming loans at december 31 , 2015 declined 15.5 percent compared with december 31 , 2014 and net loan losses have also declined from $ 3.0 million in 2014 to $ 1.7 million in 2015. the improvement in credit quality has resulted in management reducing the provision for loan losses to zero in 2015 from $ 2.8 million in 2014 and $ 8.0 million in 2013. management is focused on controlling all noninterest expense levels , particularly due to market interest rate pressure on net interest income . the company reported net income of $ 58.8 million or $ 2.30 diluted earnings per common share for the year ended december 31 , 2015 compared with net income of $ 60.6 million or $ 2.32 diluted earnings per common share for the year ended december 31 , 2014 and net income of $ 67.2 million or $ 2.50 diluted earnings per common share for the year ended december 31 , 2013 . - 19 - components of net income replace_table_token_5_th ( 1 ) fully taxable equivalent ( fte ) comparing 2015 with 2014 , net income decreased $ 1.9 million or 3.1 % , primarily due to lower net interest and loan fee income ( fte ) and lower noninterest income , partially offset by decreases in loan loss provision , noninterest expense and income tax provision ( fte ) . the lower net interest and loan fee income ( fte ) was primarily caused by a lower average volume of loans and lower yields on interest-earning assets , partially offset by higher average balances of investments and lower average balances of higher-costing interest-bearing liabilities . the provision for loan losses was reduced , reflecting management 's evaluation of losses inherent in the loan portfolio ; net loan losses and nonperforming loan volumes have declined relative to earlier periods . lower noninterest income was mostly attributable to lower merchant processing service fees and lower service charges on deposit accounts . noninterest expense decreased primarily due to reduced personnel costs and other operational expenses . comparing 2014 with 2013 , net income decreased $ 6.5 million primarily due to lower net interest and fee income ( fte ) and lower noninterest income , partially offset by decreases in the provision for loan losses , noninterest expense and income tax provision ( fte ) . the lower net interest and fee income ( fte ) was primarily caused by a lower average volume of loans and lower yields on interest earning assets , partially offset by higher average balances of investments and lower average balances of higher-costing interest-bearing liabilities . the provision for loan losses was reduced , reflecting management 's evaluation of losses inherent in the loan portfolio . lower noninterest income was mostly attributable to lower merchant processing service fees and lower service charges on deposit accounts . noninterest expense decreased mostly due to reduced oreo expense net of disposition gains , lower personnel costs and other operational expenses . net interest and loan fee income ( fte ) the company 's primary source of revenue is net interest income , or the difference between interest income earned on loans and investment securities and interest expense paid on interest-bearing deposits and other borrowings . components of net interest and loan fee income ( fte ) replace_table_token_6_th ( 1 ) fully taxable equivalent ( fte ) - 20 - comparing 2015 with 2014 , net interest and fee income ( fte ) decreased $ 4.4 million or 2.9 % primarily due to a lower average volume of loans ( down $ 155 million ) and lower yields on interest-earning assets ( fte ) ( down 37 basis points “ bp ” ) , partially offset by higher average balances of investments ( up $ 436 million ) and lower average balances of higher-costing interest-bearing liabilities . comparing 2014 with 2013 , net interest and fee income ( fte ) decreased $ 15.1 million or 9.0 % primarily due to a lower average volume of loans ( down $ 182 million ) and lower yields on interest-earning assets ( fte ) ( down 41 basis points “ bp ” ) , partially offset by higher average balances of investments ( up $ 206 million ) and lower average balances of higher-costing interest-bearing liabilities . loan volumes have declined due to problem loan workout activities ( such as chargeoffs , collateral repossessions and principal payments ) , particularly with purchased loans , and reduced volumes of loan originations . in management 's opinion , current levels of competitive loan pricing do not provide adequate forward earnings potential . as a result , the company has not currently taken an aggressive posture relative to loan portfolio growth . management has maintained relatively stable interest-earning asset volumes by increasing investment securities as loan volumes have declined . yields on interest-earning assets have declined due to relatively low interest rates prevailing in the market . the net interest margin ( fte ) was 3.36 % in 2015 , 3.70 % in 2014 and 4.08 % in 2013. during the three years ended december 31 , 2015 , the net interest margin ( fte ) was affected by declining market interest rates . the volume of older-dated higher-yielding loans declined due to principal maturities and paydowns . newly originated loans have lower yields . story_separator_special_tag loan portfolio the company originates loans with the intent to hold such assets until principal is repaid . management follows written loan underwriting policies and procedures which are approved by the bank 's board of directors . loans are underwritten following approved underwriting standards and lending authorities within a formalized organizational structure . the board of directors also approves independent real estate appraisers to be used in obtaining estimated values for real property serving as loan collateral . prevailing economic trends and conditions are also taken into consideration in loan underwriting practices . all loan applications must be for clearly defined legitimate purposes with a determinable primary source of repayment , and as appropriate , secondary sources of repayment . all loans are supported by appropriate documentation such as current financial statements , tax returns , credit reports , collateral information , guarantor asset verification , title reports , appraisals , and other relevant documentation . commercial loans represent term loans used to acquire durable business assets or revolving lines of credit used to finance working capital . underwriting practices evaluate each borrower 's cash flow as the principal source of loan repayment . commercial loans are generally secured by the borrower 's business assets as a secondary source of repayment . commercial loans are evaluated for credit-worthiness based on prior loan performance , borrower financial information including cash flow , borrower net worth and aggregate debt . commercial real estate loans represent term loans used to acquire real estate to be operated by the borrower in a commercial capacity . underwriting practices evaluate each borrower 's global cash flow as the principal source of loan repayment , independent appraisal of value of the property , and other relevant factors . commercial real estate loans are generally secured by a first lien on the property as a secondary source of repayment . real estate construction loans represent the financing of real estate development . loan principal disbursements are controlled through the use of project budgets , and disbursements are approved based on construction progress , which is validated by project site inspections . the real estate serves as collateral , secured by a first lien position on the property . residential real estate loans generally represent first lien mortgages used by the borrower to purchase or refinance a principal residence . for interest-rate risk purposes , the company offers only fully-amortizing , adjustable-rate mortgages . in underwriting first lien mortgages , the company evaluates each borrower 's ability to repay the loan , an independent appraisal of the value of the property , and other relevant factors . the company does not offer riskier mortgage products , such as non-amortizing “ interest-only ” mortgages and “ negative amortization ” mortgages . for loans secured by real estate , the bank requires title insurance to insure the status of its lien and each borrower is obligated to insure the real estate collateral , naming the company as loss payee , in an amount sufficient to repay the principal amount outstanding in the event of a property casualty loss . - 33 - consumer installment and other loans are predominantly comprised of indirect automobile loans with underwriting based on credit history and scores , personal income , debt service capacity , and collateral values . for management purposes , the company segregates its loan portfolio into three segments . loans originated by the company following its loan underwriting policies and procedures are separated from loans purchased from the fdic . loan volumes have declined due to problem loan workout activities , particularly with purchased loans , and reduced volumes of loan originations . in management 's opinion , current levels of competitive loan pricing do not provide adequate forward earnings potential . as a result , the company has not currently taken an aggressive posture relative to loan portfolio growth . the following table shows the composition of the loan portfolio of the company by type of loan and type of borrower , on the dates indicated : loan portfolio replace_table_token_22_th the following table shows the maturity distribution and interest rate sensitivity of commercial , commercial real estate , and construction loans at december 31 , 2015. balances exclude residential real estate loans and consumer loans totaling $ 509.2 million . these types of loans are typically paid in monthly installments over a number of years . loan maturity distribution replace_table_token_23_th commitments and letters of credit the company issues formal commitments on lines of credit to well-established and financially responsible commercial enterprises . such commitments can be either secured or unsecured and are typically in the form of revolving lines of credit for seasonal working capital needs . occasionally , such commitments are in the form of letters of credit to facilitate the customers ' particular business transactions . commitment fees are generally charged for commitments and letters of credit . commitments on lines of credit and letters of credit typically mature within one year . for further information , see the accompanying notes to the consolidated financial statements . loan portfolio credit risk the company extends loans to commercial and consumer customers which expose the company to the risk borrowers will default , causing loan losses . the company 's lending activities are exposed to various qualitative risks . all loan segments are exposed to risks inherent in the economy and market conditions . significant risk characteristics related to the commercial loan segment include the borrowers ' business performance and financial condition , and the value of collateral for secured loans . significant risk characteristics related to the commercial real estate segment include the borrowers ' business performance and the value of properties collateralizing the loans . significant risk characteristics related to the construction loan segment include the borrowers ' performance in successfully developing the real estate into the intended purpose and the value of the property collateralizing the loans . significant risk characteristics related to the residential real estate segment

