the fourth subsidiary is a service corporation which has been inactive since february 1 , 2003. forward-looking statements the company may from time to time make written or oral `` forward-looking statements `` , including statements contained in the company 's filings with the securities and exchange commission ( including this annual report on form 10-k and the exhibits thereto ) , in its reports to stockholders and in other communications by the company , which are made in good faith by the company pursuant to the `` safe harbor `` provisions of the private securities litigation reform act of 1995. when used in this annual report on form 10-k , words such as “ anticipates , ” “ estimates , ” “ believes , ” “ expects , ” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means of identifying such statements . these forward-looking statements involve risks and uncertainties , such as statements of the company 's plans , objectives , expectations , estimates and intentions that are subject to change based on various important factors ( some of which are beyond the company 's control ) . the following factors , among others , could cause the company 's financial performance to differ materially from the plans , objectives , expectations , estimates and intentions expressed in such forward-looking statements : the strength of the united states economy in general and the strength of the real estate values and the local economies in which the company conducts operations ; risks associated with the completion of the recent acquisition of hometown and its wholly-owned subsidiary hometown bank and the integration of hometown bank with the bank , including the possibility that we may not realize the anticipated benefits of the acquisition; future mergers or acquisitions ; the impact of recent and potential future changes in the laws , rules , regulations , interpretations and policies relating to financial institutions , accounting , tax , monetary and fiscal matters and their application by our regulators ; the effects of , and changes in , trade , monetary and fiscal policies and laws , changes in interest rates ; changes in libor ; the timely development of and acceptance of new products and services of the company and the perceived overall value of these products and services by users , including the features , pricing and quality compared to competitors ' products and services ; the impact of changes in financial services ' laws and regulations ( including laws concerning taxes , banking , securities and insurance ) ; asset quality deterioration ; environmental liability associated with real estate collateral ; technological changes and cybersecurity risks ; acquisitions ; employee retention ; the success of the company at managing the risks resulting from these factors ; and other factors set forth in reports and other documents filed by the company with the sec from time to time . for further information about these and other risks , uncertainties and factors , please review the disclosure included in item 1a . “ risk factors ” of this form 10-k. the company cautions that the listed factors are not exclusive . the company does not undertake to update any forward-looking statement , whether written or oral , that may be made from time to time by or on behalf of the company . 45 financial condition from december 31 , 2017 to december 31 , 2018 , the company 's total assets increased $ 170,678,350 ( 21 % ) to $ 965,137,870 , liabilities increased $ 165,091,251 ( 23 % ) to $ 884,659,278 , and stockholders ' equity increased $ 5,587,099 ( 7 % ) to $ 80,478,592. the ratio of stockholders ' equity to total assets was 8.3 % and 9.4 % at december 31 , 2018 and 2017 , respectively . from december 31 , 2017 to december 31 , 2018 , available-for-sale securities increased $ 5,037,524 ( 6 % ) , primarily due to $ 7,520,849 of securities acquired in the hometown acquisition . the company purchased $ 26,151,079 of investments while having sales and principal payments received of $ 26,965,492. the company had net unrealized losses of $ 1,836,406 at december 31 , 2018 compared to $ 844,379 at december 31 , 2017. from december 31 , 2017 to december 31 , 2018 , net loans receivable increased by $ 148,693,597 ( 24 % ) to $ 778,298,606. the addition of $ 143,918,642 in loans at fair value from the hometown acquisition along with continued production in the multi-family , agriculture , hospitality and small business administration ( “ sba ” ) lending were the primary drivers for growth in 2018. during the year , commercial real estate loans increased $ 61,055,038 ( 23 % ) , permanent 1-4 family loans increased $ 26,110,020 ( 25 % ) , commercial loans increased $ 24,846,644 ( 26 % ) , construction loans increased $ 23,810,413 ( 37 % ) , and consumer and other loans increased $ 8,374,570 ( 34 % ) . the company continues to focus its lending efforts in the commercial , owner occupied real estate and small business lending categories . as of december 31 , 2018 , management identified loans totaling $ 20,552,000 as impaired with a related allowance for loan losses of $ 1,612,000. impaired loans increased by $ 9,725,000 during 2018 , compared to the balance of $ 10,827,000 at december 31 , 2017. from december 31 , 2017 to december 31 , 2018 , the allowance for loan losses increased $ 888,151 to $ 7,995,569. in addition to the provision for loan losses of $ 1,225,000 recorded by the company during the year ended december 31 , 2018 , loan charge-offs of specific loans ( previously classified as nonperforming ) exceeded recoveries by $ 336,849 for the year ended december 31 , 2018. the increase in the allowance is primarily due to the story_separator_special_tag the company 's most liquid assets are cash and cash equivalents , which are cash on hand , amounts due from financial institutions , and certificates of deposit with other financial institutions that have an original maturity of three months or less . the levels of such assets are dependent on the bank 's operating , financing , and investment activities at any given time . the company 's cash and cash equivalents totaled $ 34,121,642 as of december 31 , 2018 and $ 37,406,930 as of december 31 , 2017 , representing a decrease of $ 3,285,288. the variations in levels of cash and cash equivalents are influenced by deposit flows and anticipated future deposit flows , which are subject to , and influenced by , many factors . the bank has $ 153,851,915 in certificates of deposit that are scheduled to mature in one year or less . management anticipates that the majority of these certificates will renew in the normal course of operations . based on existing collateral as well as the fhlb 's limitation of advances to 35 % of assets , the bank has the ability to borrow an additional $ 120,599,000 from the fhlb , as of december 31 , 2018. based on existing collateral , the bank has the ability to borrow $ 53,700,000 from the federal reserve bank as of december 31 , 2018. the bank plans to maintain its fhlb and federal reserve bank borrowings to a level that will provide a borrowing capacity sufficient to provide for contingencies . management has many policies and controls in place to attempt to manage the appropriate level of liquidity . capital requirements the company meets the eligibility criteria of a small bank holding company in accordance with the federal reserve 's small bank holding company policy statement issued in february 2015 , and is no longer obligated to report consolidated regulatory capital . the bank continues to be subject to various capital requirements administered by banking agencies . failure to meet minimum capital requirements can trigger certain mandatory and discretionary actions by regulators that could have a direct material effect on the company 's financial statements . the bank 's capital amounts and classifications are also subject to qualitative judgments by regulators about components , risk weightings and other factors . 53 in july 2013 , the federal reserve issued a final rule that revised its risk-based and leverage capital requirements for banking organizations to align them with the basel iii regulatory capital framework and meet certain requirements of the dodd-frank act ( “ basel iii rule ” ) . the basel iii rule implemented a revised definition of regulatory capital , a new common equity tier 1 ( “ cet1 ” ) minimum capital requirement , and a higher minimum tier1 capital requirement . the final rules also made changes to the prompt corrective action framework for depository institutions by incorporating the new minimum capital ratios into the framework , introducing the cet1 capital measure , and aligning the definition of tangible equity for purposes of the critically undercapitalized prompt corrective action category with the definition of tier 1 capital . under the basel iii rule , the following three components comprise a banking organization 's “ regulatory capital ” : ( i ) “ cet1 capital , ” which is predominantly comprised of retained earnings and common stock instruments that meet certain criteria and related surplus ( net of any treasury stock ) , aoci ( for organizations that do not make opt-out elections ) , and cet1 minority interest , which are subject to certain restrictions ; ( ii ) “ additional tier 1 capital , ” which consists of non-cumulative perpetual preferred stock and similar instruments meeting specified eligibility criteria and related surplus , tier 1 minority interests not included in cet1 capital , and “ tarp ” preferred stock and other instruments issued under the emergency economic stabilization act of 2008 ; and ( iii ) “ tier 2 capital , ” which includes instruments such as subordinated debt that has a minimum original maturity of at least five years and is subordinated to the claims of depositors and general creditors , total capital minority interest not included in tier 1 capital and limited amounts of a banking organization 's allowance for loan and lease losses ( alll ) , less applicable regulatory adjustments and deductions . effective january 1 , 2015 , the final rule requires the bank to comply with the following minimum capital ratios : ( i ) a new common equity tier 1 capital ratio of 4.5 % of risk-weighted assets ; ( ii ) a tier 1 capital ratio of 6.0 % of risk-weighted assets ( increased from the prior requirement of 4.0 % ) ; ( iii ) a total capital ratio of 8.0 % of risk-weighted assets ( unchanged from the prior requirement ) ; and ( iv ) a leverage ratio of 4.0 % of total assets ( unchanged from the prior requirement ) . when fully phased in on january 1 , 2019 , the basel iii rule will require the bank to maintain ( i ) a minimum ratio of common equity tier 1 to risk-weighted assets of at least 4.5 % , plus a 2.5 % `` capital conservation buffer `` effectively resulting in a minimum ratio of common equity tier 1 to risk-weighted assets of at least 7.0 % upon full implementation ) ; ( ii ) a minimum ratio of tier 1 capital to risk-weighted assets of at least 6.0 % , plus the 2.5 % capital conservation buffer effectively resulting in a minimum tier 1 capital ratio of 8.5 % upon full implementation ) ; ( iii ) a minimum ratio of total capital to risk-weighted assets of at least 8.0 % , plus the 2.5 % capital conservation buffer effectively resulting in a minimum total capital ratio of 10.5 % upon full implementation

cash dividends paid . the company paid dividends of $ 0.12 per share on april 19 , 2018 to stockholders of record as of april 9 , 2018 , $ 0.12 per share on july 19 , 2018 , to stockholders of record as of july 9 , 2018 , and $ .12 per share on october 19 , 2018 , to stockholders of record as of october 9 , 2018. the company also declared a cash dividend of $ 0.13 per share on december 21 , 2018 , which was paid on january 14 , 2019 , to stockholders of record on january 4 , 2019. during 2018 , 2017 and 2016 , the company paid $ 2,132,221 , $ 1,767,486 and $ 1,415,180 in dividends on common stock . 50 results of operations - comparison of year ended december 31 , 201 7 and december 31 , 201 6 interest rates replace_table_token_26_th the bank charges borrowers and pays depositors interest rates that are largely a function of the general level of interest rates . the above table sets forth the weekly average interest rates for the 52 weeks ending december 31 , 2017 and december 31 , 2016 as reported by the federal reserve . the bank typically indexes its adjustable rate commercial loans to prime and its adjustable rate mortgage loans to the one-year treasury rate . the ten-year treasury rate is a proxy for 30-year fixed rate home mortgage loans . rates trended upward during 2017 as the federal reserve open market committee ( “ fomc ” ) increased the discount rate by 25 basis points in march , june and december 2017. as of december 31 , 2017 , the prime rate was 4.5 % which is a 75 basis point increase from december 31 , 2016. interest income . total interest income increased $ 4,051,407 ( 16 % ) .


 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 dividends paid . the company paid dividends of $ 0.12 per share on april 19 , 2018 to stockholders of record as of april 9 , 2018 , $ 0.12 per share on july 19 , 2018 , to stockholders of record as of july 9 , 2018 , and $ .12 per share on october 19 , 2018 , to stockholders of record as of october 9 , 2018. the company also declared a cash dividend of $ 0.13 per share on december 21 , 2018 , which was paid on january 14 , 2019 , to stockholders of record on january 4 , 2019. during 2018 , 2017 and 2016 , the company paid $ 2,132,221 , $ 1,767,486 and $ 1,415,180 in dividends on common stock . 50 results of operations - comparison of year ended december 31 , 201 7 and december 31 , 201 6 interest rates replace_table_token_26_th the bank charges borrowers and pays depositors interest rates that are largely a function of the general level of interest rates . the above table sets forth the weekly average interest rates for the 52 weeks ending december 31 , 2017 and december 31 , 2016 as reported by the federal reserve . the bank typically indexes its adjustable rate commercial loans to prime and its adjustable rate mortgage loans to the one-year treasury rate . the ten-year treasury rate is a proxy for 30-year fixed rate home mortgage loans . rates trended upward during 2017 as the federal reserve open market committee ( “ fomc ” ) increased the discount rate by 25 basis points in march , june and december 2017. as of december 31 , 2017 , the prime rate was 4.5 % which is a 75 basis point increase from december 31 , 2016. interest income . total interest income increased $ 4,051,407 ( 16 % ) .
```    
 Suspicious Activity Report : the fourth subsidiary is a service corporation which has been inactive since february 1 , 2003. forward-looking statements the company may from time to time make written or oral `` forward-looking statements `` , including statements contained in the company 's filings with the securities and exchange commission ( including this annual report on form 10-k and the exhibits thereto ) , in its reports to stockholders and in other communications by the company , which are made in good faith by the company pursuant to the `` safe harbor `` provisions of the private securities litigation reform act of 1995. when used in this annual report on form 10-k , words such as “ anticipates , ” “ estimates , ” “ believes , ” “ expects , ” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means of identifying such statements . these forward-looking statements involve risks and uncertainties , such as statements of the company 's plans , objectives , expectations , estimates and intentions that are subject to change based on various important factors ( some of which are beyond the company 's control ) . the following factors , among others , could cause the company 's financial performance to differ materially from the plans , objectives , expectations , estimates and intentions expressed in such forward-looking statements : the strength of the united states economy in general and the strength of the real estate values and the local economies in which the company conducts operations ; risks associated with the completion of the recent acquisition of hometown and its wholly-owned subsidiary hometown bank and the integration of hometown bank with the bank , including the possibility that we may not realize the anticipated benefits of the acquisition; future mergers or acquisitions ; the impact of recent and potential future changes in the laws , rules , regulations , interpretations and policies relating to financial institutions , accounting , tax , monetary and fiscal matters and their application by our regulators ; the effects of , and changes in , trade , monetary and fiscal policies and laws , changes in interest rates ; changes in libor ; the timely development of and acceptance of new products and services of the company and the perceived overall value of these products and services by users , including the features , pricing and quality compared to competitors ' products and services ; the impact of changes in financial services ' laws and regulations ( including laws concerning taxes , banking , securities and insurance ) ; asset quality deterioration ; environmental liability associated with real estate collateral ; technological changes and cybersecurity risks ; acquisitions ; employee retention ; the success of the company at managing the risks resulting from these factors ; and other factors set forth in reports and other documents filed by the company with the sec from time to time . for further information about these and other risks , uncertainties and factors , please review the disclosure included in item 1a . “ risk factors ” of this form 10-k. the company cautions that the listed factors are not exclusive . the company does not undertake to update any forward-looking statement , whether written or oral , that may be made from time to time by or on behalf of the company . 45 financial condition from december 31 , 2017 to december 31 , 2018 , the company 's total assets increased $ 170,678,350 ( 21 % ) to $ 965,137,870 , liabilities increased $ 165,091,251 ( 23 % ) to $ 884,659,278 , and stockholders ' equity increased $ 5,587,099 ( 7 % ) to $ 80,478,592. the ratio of stockholders ' equity to total assets was 8.3 % and 9.4 % at december 31 , 2018 and 2017 , respectively . from december 31 , 2017 to december 31 , 2018 , available-for-sale securities increased $ 5,037,524 ( 6 % ) , primarily due to $ 7,520,849 of securities acquired in the hometown acquisition . the company purchased $ 26,151,079 of investments while having sales and principal payments received of $ 26,965,492. the company had net unrealized losses of $ 1,836,406 at december 31 , 2018 compared to $ 844,379 at december 31 , 2017. from december 31 , 2017 to december 31 , 2018 , net loans receivable increased by $ 148,693,597 ( 24 % ) to $ 778,298,606. the addition of $ 143,918,642 in loans at fair value from the hometown acquisition along with continued production in the multi-family , agriculture , hospitality and small business administration ( “ sba ” ) lending were the primary drivers for growth in 2018. during the year , commercial real estate loans increased $ 61,055,038 ( 23 % ) , permanent 1-4 family loans increased $ 26,110,020 ( 25 % ) , commercial loans increased $ 24,846,644 ( 26 % ) , construction loans increased $ 23,810,413 ( 37 % ) , and consumer and other loans increased $ 8,374,570 ( 34 % ) . the company continues to focus its lending efforts in the commercial , owner occupied real estate and small business lending categories . as of december 31 , 2018 , management identified loans totaling $ 20,552,000 as impaired with a related allowance for loan losses of $ 1,612,000. impaired loans increased by $ 9,725,000 during 2018 , compared to the balance of $ 10,827,000 at december 31 , 2017. from december 31 , 2017 to december 31 , 2018 , the allowance for loan losses increased $ 888,151 to $ 7,995,569. in addition to the provision for loan losses of $ 1,225,000 recorded by the company during the year ended december 31 , 2018 , loan charge-offs of specific loans ( previously classified as nonperforming ) exceeded recoveries by $ 336,849 for the year ended december 31 , 2018. the increase in the allowance is primarily due to the story_separator_special_tag the company 's most liquid assets are cash and cash equivalents , which are cash on hand , amounts due from financial institutions , and certificates of deposit with other financial institutions that have an original maturity of three months or less . the levels of such assets are dependent on the bank 's operating , financing , and investment activities at any given time . the company 's cash and cash equivalents totaled $ 34,121,642 as of december 31 , 2018 and $ 37,406,930 as of december 31 , 2017 , representing a decrease of $ 3,285,288. the variations in levels of cash and cash equivalents are influenced by deposit flows and anticipated future deposit flows , which are subject to , and influenced by , many factors . the bank has $ 153,851,915 in certificates of deposit that are scheduled to mature in one year or less . management anticipates that the majority of these certificates will renew in the normal course of operations . based on existing collateral as well as the fhlb 's limitation of advances to 35 % of assets , the bank has the ability to borrow an additional $ 120,599,000 from the fhlb , as of december 31 , 2018. based on existing collateral , the bank has the ability to borrow $ 53,700,000 from the federal reserve bank as of december 31 , 2018. the bank plans to maintain its fhlb and federal reserve bank borrowings to a level that will provide a borrowing capacity sufficient to provide for contingencies . management has many policies and controls in place to attempt to manage the appropriate level of liquidity . capital requirements the company meets the eligibility criteria of a small bank holding company in accordance with the federal reserve 's small bank holding company policy statement issued in february 2015 , and is no longer obligated to report consolidated regulatory capital . the bank continues to be subject to various capital requirements administered by banking agencies . failure to meet minimum capital requirements can trigger certain mandatory and discretionary actions by regulators that could have a direct material effect on the company 's financial statements . the bank 's capital amounts and classifications are also subject to qualitative judgments by regulators about components , risk weightings and other factors . 53 in july 2013 , the federal reserve issued a final rule that revised its risk-based and leverage capital requirements for banking organizations to align them with the basel iii regulatory capital framework and meet certain requirements of the dodd-frank act ( “ basel iii rule ” ) . the basel iii rule implemented a revised definition of regulatory capital , a new common equity tier 1 ( “ cet1 ” ) minimum capital requirement , and a higher minimum tier1 capital requirement . the final rules also made changes to the prompt corrective action framework for depository institutions by incorporating the new minimum capital ratios into the framework , introducing the cet1 capital measure , and aligning the definition of tangible equity for purposes of the critically undercapitalized prompt corrective action category with the definition of tier 1 capital . under the basel iii rule , the following three components comprise a banking organization 's “ regulatory capital ” : ( i ) “ cet1 capital , ” which is predominantly comprised of retained earnings and common stock instruments that meet certain criteria and related surplus ( net of any treasury stock ) , aoci ( for organizations that do not make opt-out elections ) , and cet1 minority interest , which are subject to certain restrictions ; ( ii ) “ additional tier 1 capital , ” which consists of non-cumulative perpetual preferred stock and similar instruments meeting specified eligibility criteria and related surplus , tier 1 minority interests not included in cet1 capital , and “ tarp ” preferred stock and other instruments issued under the emergency economic stabilization act of 2008 ; and ( iii ) “ tier 2 capital , ” which includes instruments such as subordinated debt that has a minimum original maturity of at least five years and is subordinated to the claims of depositors and general creditors , total capital minority interest not included in tier 1 capital and limited amounts of a banking organization 's allowance for loan and lease losses ( alll ) , less applicable regulatory adjustments and deductions . effective january 1 , 2015 , the final rule requires the bank to comply with the following minimum capital ratios : ( i ) a new common equity tier 1 capital ratio of 4.5 % of risk-weighted assets ; ( ii ) a tier 1 capital ratio of 6.0 % of risk-weighted assets ( increased from the prior requirement of 4.0 % ) ; ( iii ) a total capital ratio of 8.0 % of risk-weighted assets ( unchanged from the prior requirement ) ; and ( iv ) a leverage ratio of 4.0 % of total assets ( unchanged from the prior requirement ) . when fully phased in on january 1 , 2019 , the basel iii rule will require the bank to maintain ( i ) a minimum ratio of common equity tier 1 to risk-weighted assets of at least 4.5 % , plus a 2.5 % `` capital conservation buffer `` effectively resulting in a minimum ratio of common equity tier 1 to risk-weighted assets of at least 7.0 % upon full implementation ) ; ( ii ) a minimum ratio of tier 1 capital to risk-weighted assets of at least 6.0 % , plus the 2.5 % capital conservation buffer effectively resulting in a minimum tier 1 capital ratio of 8.5 % upon full implementation ) ; ( iii ) a minimum ratio of total capital to risk-weighted assets of at least 8.0 % , plus the 2.5 % capital conservation buffer effectively resulting in a minimum total capital ratio of 10.5 % upon full implementation

