non-interest income was $ 68.1 million compared to non-interest income of $ 66.3 million and $ 30.6 million for the fiscal years ended june 30 , 2017 , 2016 and 2015 . the increase from fiscal year 2016 to fiscal year 2017 was primarily the result of an increase of $ 5.9 million in banking service fees due to increased fees from h & r block-branded products , a mortgage banking income increase of $ 3.2 million , an increase in realized gain from sale of securities of $ 2.5 million , and increased levels of prepayment penalty fee income of $ 1.7 million partially offset by a decrease of $ 11.1 million in gain on sale-other primarily from reduced sales of structured settlements . the increase from 2015 to 2016 was primarily due to increased banking service fees due to increased fees from h & r block-branded products and gain on sale-other primarily from sales of structured settlements . 32 non-interest expense for the fiscal year ended june 30 , 2017 was $ 137.6 million compared to $ 112.8 million and $ 77.5 million for the years ended june 30 , 2016 and 2015 , respectively . the increase was primarily due to an increase in the bank 's staffing for lending , information technology infrastructure development and regulatory compliance . our staffing rose to 681 full-time equivalents compared to 647 and 467 at june 30 , 2017 , 2016 and 2015 , respectively . total assets were $ 8,501.7 million at june 30 , 2017 compared to $ 7,599.3 million at june 30 , 2016 . assets grew $ 902.4 million or 11.9 % during the last fiscal year , primarily due to an increase in the origination of single family mortgage loans and c & i loans . these loans were funded primarily with growth in deposits . our future performance will depend on many factors : changes in interest rates , competition for deposits and quality loans , the credit performance of our assets , regulatory actions , strategic transactions , and our ability to improve operating efficiencies . see “ item 1a . risk factors . ” mergers and acquisitions from time to time we undertake acquisitions or similar transactions consistent with the bank 's operating and growth strategies . during the fiscal years ended june 30 , 2015 and june 30 , 2016 , there were three acquisitions , which are discussed below . no acquisitions occurred during the fiscal year ended june 30 , 2017. union federal deposit acquisition in september 2014 , the bank completed the acquisition of approximately $ 42 million in deposits consisting of individual checking , money market savings , and cd accounts from union federal savings bank ( “ union ” ) and its parent company , the first marblehead corporation . h & r block bank deposit acquisition on august 31 , 2015 , our bank completed the acquisition of approximately $ 419 million in deposits consisting of checking , individual retirement savings , and cd accounts from h & r block bank and its parent company , h & r block , inc. ( “ h & r block ” ) . in connection with the closing of this transaction : ( i ) our bank and emerald financial services , llc , a delaware limited liability company and wholly-owned subsidiary of h & r block ( “ efs ” ) , entered into the program management agreement ( “ pma ” ) , dated august 31 , 2015 ; ( ii ) our bank and h & r block , efs , hrb participant i , llc , a delaware limited liability company and wholly-owned subsidiary of h & r block , entered into the emerald receivables participation agreement , dated august 31 , 2015 ; and ( iii ) our bank and h & r block entered into the guaranty agreement ( together , the “ pma and related agreements ” ) , dated august 31 , 2015. through the pma and related agreements our bank will provide h & r block-branded financial services products and services . the three products and services that represent the primary focus and the majority of transactional volume that our bank will process are described in detail below . the first product is emerald prepaid mastercard ® services ( “ epc ” ) , which is under schedule a of the pma . our bank is responsible for the primary oversight and control of the prepaid card programs of a wholly owned subsidiary of h & r block . under the pma and related agreements , our bank holds the prepaid card customer deposits for those cards issued under the prepaid programs in non-interest bearing accounts and earns a fixed fee paid by h & r block 's subsidiary for each automated clearing house ( “ ach ” ) transaction processed through the prepaid card customer accounts . a portion of h & r block 's customers use the emerald card as an option to receive federal and state income tax refunds . the prepaid customer deposits are included in non-interest bearing deposit liabilities on our balance sheet and the ach fee income is included in our income statement under the line banking service fees and other income . the second product is refund transfer ( “ rt ” ) , which is under schedule b of the pma . our bank is responsible for the primary oversight and control of the refund transfer program of a wholly owned subsidiary of h & r block . under the pma and related agreements , our bank opens a temporary bank account for each h & r block customer who is receiving an income tax refund and elects to defer payment of his or her tax preparations fees . story_separator_special_tag we are subject to federal and state income taxes , and our effective tax rates were 42.10 % , 41.78 % and 41.30 % for the fiscal years ended june 30 , 2017 , 2016 , and 2015 , respectively . other factors that affect our results of operations include expenses relating to professional services , occupancy , data processing , advertising and other miscellaneous expenses . comparison of the fiscal year ended june 30 , 2017 and june 30 , 2016 net interest income . net interest income totaled $ 313.2 million for the fiscal year ended june 30 , 2017 compared to $ 261.0 million for the fiscal year ended june 30 , 2016 . the following table sets forth the effects of changing rates and volumes on our net interest income . information is provided with respect to ( i ) effects on interest income and interest expense attributable to changes in volume ( changes in volume multiplied by prior rate ) ; ( ii ) effects on interest income and interest expense attributable to changes in rate ( changes in rate multiplied by prior volume ) ; and ( iii ) changes in rate/volume ( change in rate multiplied by change in volume ) : replace_table_token_17_th interest income . interest income for the fiscal year ended june 30 , 2017 totaled $ 387.3 million , an increase of $ 69.6 million , or 21.9 % , compared to $ 317.7 million in interest income for the fiscal year ended june 30 , 2016 primarily due to growth in volume of interest-earning assets . average interest-earning assets for the fiscal year ended june 30 , 2017 increased by $ 1,243.8 million compared to the fiscal year ended june 30 , 2016 primarily due to loan and lease originations for investment which increased $ 548.8 million and loan and lease purchases for investment which increased $ 136.4 million during the year ended june 30 , 2017 . yields on loans and leases increased by 14 basis points to 5.26 % for the fiscal year ended june 30 , 2017 , primarily due to increased yields in the single family , commercial & industrial and h & r block-branded loan products . for the fiscal year ended june 30 , 2017 , the growth in average balances contributed additional interest income of $ 56.3 million , which was supplemented by a $ 11.3 million increase in interest income due to the increase in average rate . the average yield earned on our interest-earning assets increased to 4.89 % for the fiscal year ended june 30 , 2017 , up from 4.75 % for the same period in 2016 primarily due to the increase in rate from loans and leases . 38 interest expense . interest expense totaled $ 74.1 million for the fiscal year ended june 30 , 2017 , an increase of $ 17.4 million , or 30.6 % compared to $ 56.7 million in interest expense during the fiscal year ended june 30 , 2016 , due primarily to increased volumes of deposits and other borrowings as well as increased rates on deposits and advances . the average rate paid on all of our interest-bearing liabilities increased to 1.15 % for the fiscal year ended june 30 , 2017 from 1.05 % for the fiscal year ended june 30 , 2016 , due primarily to increased rates on deposits and advances from fhlb . average interest-bearing liabilities for the fiscal year ended june 30 , 2017 increased $ 1,035.5 million compared to fiscal 2016 . the average interest-bearing balances of demand and savings increased $ 970.3 million and the average interest-bearing balances increased $ 1,035.5 million due to increased deposits and the full year impact of our subordinated notes issued in march 2016. the average rate on interest-bearing deposits increased to 0.75 % from 0.67 % due to increases in prevailing deposit rates across the industry . the rates on advances from the fhlb also increased to 1.55 % from 1.31 % due primarily to the fed rate increases . the average rate on time deposits increased to 2.33 % for the fiscal year ended june 30 , 2017 from 2.12 % for the fiscal year ended june 30 , 2016 , due to issuance of longer term time deposits . the average non-interest-bearing demand deposits were $ 774.4 million for the fiscal year ended june 30 , 2017 , representing an increase of $ 34.6 million . provision for loan and lease losses . provision for loan and lease losses was $ 11.1 million for the fiscal year ended june 30 , 2017 and $ 9.7 million for fiscal 2016 . the provisions are made to maintain our allowance for loan and lease losses at levels which management believes to be adequate . the assessment of the adequacy of our allowance for loan and lease losses is based upon a number of quantitative and qualitative factors , including levels and trends of past due and nonaccrual loans , loss history and changes in the volume and mix of loans and collateral values . see “ asset quality and allowance for loan and lease losses ” for discussion of our allowance for loan and lease losses and the related loss provisions . non-interest income . the following table sets forth information regarding our non-interest income : replace_table_token_18_th non-interest income totaled $ 68.1 million for the fiscal year ended june 30 , 2017 compared to non-interest income of $ 66.3 million for fiscal 2016 . the increase was primarily the result of an increase of $ 5.9 million in banking service fees due to h & r block-branded products and service fee income , an increase in mortgage banking income of $ 3.2 million , an increase in realized gain from sale of securities of $ 2.5 million , and increased levels of prepayment penalty fee income of $ 1.7 million , partially offset by a $ 11.1

liquidity . our sources of liquidity include deposits , borrowings , payments and maturities of outstanding loans , sales of loans , maturities or gains on sales of investment securities and other short-term investments . while scheduled loan payments and maturing investment securities and short-term investments are relatively predictable sources of funds , deposit flows and loan prepayments are greatly influenced by general interest rates , economic conditions and competition . we generally invest excess funds in overnight deposits and other short-term interest-earning assets . we use cash generated through retail deposits , our largest funding source , to offset the cash utilized in lending and investing activities . our short-term interest-earning investment securities are also used to provide liquidity for lending and other operational requirements . as an additional source of funds , we have two credit agreements . bofi federal bank can borrow up to 40 % of its total assets from the fhlb . borrowings are collateralized by pledging certain mortgage loans and investment securities to the fhlb . based on loans and securities pledged at june 30 , 2017 , we had a total borrowing availability of approximately $ 1.2 billion and an additional $ 157.6 million available with additional collateral . the bank can also borrow from the discount window at the frb . frb borrowings are collateralized by commercial loans , consumer loans and mortgage-backed securities pledged to the frb . based on loans and securities pledged at june 30 , 2017 , we had a total borrowing capacity of approximately $ 1.3 million , all of which was available for use . at june 30 , 2017 , we also had $ 35.0 million in unsecured fed funds purchase lines with two major banks under which there were no borrowings outstanding . in the past , we have used long-term borrowings to fund our loans and to minimize our interest rate risk . our future borrowings will depend on the growth of our lending operations and our exposure to interest rate risk . we expect to continue to use deposits and advances from the fhlb as the primary sources of funding our future asset growth .


 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 . our sources of liquidity include deposits , borrowings , payments and maturities of outstanding loans , sales of loans , maturities or gains on sales of investment securities and other short-term investments . while scheduled loan payments and maturing investment securities and short-term investments are relatively predictable sources of funds , deposit flows and loan prepayments are greatly influenced by general interest rates , economic conditions and competition . we generally invest excess funds in overnight deposits and other short-term interest-earning assets . we use cash generated through retail deposits , our largest funding source , to offset the cash utilized in lending and investing activities . our short-term interest-earning investment securities are also used to provide liquidity for lending and other operational requirements . as an additional source of funds , we have two credit agreements . bofi federal bank can borrow up to 40 % of its total assets from the fhlb . borrowings are collateralized by pledging certain mortgage loans and investment securities to the fhlb . based on loans and securities pledged at june 30 , 2017 , we had a total borrowing availability of approximately $ 1.2 billion and an additional $ 157.6 million available with additional collateral . the bank can also borrow from the discount window at the frb . frb borrowings are collateralized by commercial loans , consumer loans and mortgage-backed securities pledged to the frb . based on loans and securities pledged at june 30 , 2017 , we had a total borrowing capacity of approximately $ 1.3 million , all of which was available for use . at june 30 , 2017 , we also had $ 35.0 million in unsecured fed funds purchase lines with two major banks under which there were no borrowings outstanding . in the past , we have used long-term borrowings to fund our loans and to minimize our interest rate risk . our future borrowings will depend on the growth of our lending operations and our exposure to interest rate risk . we expect to continue to use deposits and advances from the fhlb as the primary sources of funding our future asset growth .
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 Suspicious Activity Report : non-interest income was $ 68.1 million compared to non-interest income of $ 66.3 million and $ 30.6 million for the fiscal years ended june 30 , 2017 , 2016 and 2015 . the increase from fiscal year 2016 to fiscal year 2017 was primarily the result of an increase of $ 5.9 million in banking service fees due to increased fees from h & r block-branded products , a mortgage banking income increase of $ 3.2 million , an increase in realized gain from sale of securities of $ 2.5 million , and increased levels of prepayment penalty fee income of $ 1.7 million partially offset by a decrease of $ 11.1 million in gain on sale-other primarily from reduced sales of structured settlements . the increase from 2015 to 2016 was primarily due to increased banking service fees due to increased fees from h & r block-branded products and gain on sale-other primarily from sales of structured settlements . 32 non-interest expense for the fiscal year ended june 30 , 2017 was $ 137.6 million compared to $ 112.8 million and $ 77.5 million for the years ended june 30 , 2016 and 2015 , respectively . the increase was primarily due to an increase in the bank 's staffing for lending , information technology infrastructure development and regulatory compliance . our staffing rose to 681 full-time equivalents compared to 647 and 467 at june 30 , 2017 , 2016 and 2015 , respectively . total assets were $ 8,501.7 million at june 30 , 2017 compared to $ 7,599.3 million at june 30 , 2016 . assets grew $ 902.4 million or 11.9 % during the last fiscal year , primarily due to an increase in the origination of single family mortgage loans and c & i loans . these loans were funded primarily with growth in deposits . our future performance will depend on many factors : changes in interest rates , competition for deposits and quality loans , the credit performance of our assets , regulatory actions , strategic transactions , and our ability to improve operating efficiencies . see “ item 1a . risk factors . ” mergers and acquisitions from time to time we undertake acquisitions or similar transactions consistent with the bank 's operating and growth strategies . during the fiscal years ended june 30 , 2015 and june 30 , 2016 , there were three acquisitions , which are discussed below . no acquisitions occurred during the fiscal year ended june 30 , 2017. union federal deposit acquisition in september 2014 , the bank completed the acquisition of approximately $ 42 million in deposits consisting of individual checking , money market savings , and cd accounts from union federal savings bank ( “ union ” ) and its parent company , the first marblehead corporation . h & r block bank deposit acquisition on august 31 , 2015 , our bank completed the acquisition of approximately $ 419 million in deposits consisting of checking , individual retirement savings , and cd accounts from h & r block bank and its parent company , h & r block , inc. ( “ h & r block ” ) . in connection with the closing of this transaction : ( i ) our bank and emerald financial services , llc , a delaware limited liability company and wholly-owned subsidiary of h & r block ( “ efs ” ) , entered into the program management agreement ( “ pma ” ) , dated august 31 , 2015 ; ( ii ) our bank and h & r block , efs , hrb participant i , llc , a delaware limited liability company and wholly-owned subsidiary of h & r block , entered into the emerald receivables participation agreement , dated august 31 , 2015 ; and ( iii ) our bank and h & r block entered into the guaranty agreement ( together , the “ pma and related agreements ” ) , dated august 31 , 2015. through the pma and related agreements our bank will provide h & r block-branded financial services products and services . the three products and services that represent the primary focus and the majority of transactional volume that our bank will process are described in detail below . the first product is emerald prepaid mastercard ® services ( “ epc ” ) , which is under schedule a of the pma . our bank is responsible for the primary oversight and control of the prepaid card programs of a wholly owned subsidiary of h & r block . under the pma and related agreements , our bank holds the prepaid card customer deposits for those cards issued under the prepaid programs in non-interest bearing accounts and earns a fixed fee paid by h & r block 's subsidiary for each automated clearing house ( “ ach ” ) transaction processed through the prepaid card customer accounts . a portion of h & r block 's customers use the emerald card as an option to receive federal and state income tax refunds . the prepaid customer deposits are included in non-interest bearing deposit liabilities on our balance sheet and the ach fee income is included in our income statement under the line banking service fees and other income . the second product is refund transfer ( “ rt ” ) , which is under schedule b of the pma . our bank is responsible for the primary oversight and control of the refund transfer program of a wholly owned subsidiary of h & r block . under the pma and related agreements , our bank opens a temporary bank account for each h & r block customer who is receiving an income tax refund and elects to defer payment of his or her tax preparations fees . story_separator_special_tag we are subject to federal and state income taxes , and our effective tax rates were 42.10 % , 41.78 % and 41.30 % for the fiscal years ended june 30 , 2017 , 2016 , and 2015 , respectively . other factors that affect our results of operations include expenses relating to professional services , occupancy , data processing , advertising and other miscellaneous expenses . comparison of the fiscal year ended june 30 , 2017 and june 30 , 2016 net interest income . net interest income totaled $ 313.2 million for the fiscal year ended june 30 , 2017 compared to $ 261.0 million for the fiscal year ended june 30 , 2016 . the following table sets forth the effects of changing rates and volumes on our net interest income . information is provided with respect to ( i ) effects on interest income and interest expense attributable to changes in volume ( changes in volume multiplied by prior rate ) ; ( ii ) effects on interest income and interest expense attributable to changes in rate ( changes in rate multiplied by prior volume ) ; and ( iii ) changes in rate/volume ( change in rate multiplied by change in volume ) : replace_table_token_17_th interest income . interest income for the fiscal year ended june 30 , 2017 totaled $ 387.3 million , an increase of $ 69.6 million , or 21.9 % , compared to $ 317.7 million in interest income for the fiscal year ended june 30 , 2016 primarily due to growth in volume of interest-earning assets . average interest-earning assets for the fiscal year ended june 30 , 2017 increased by $ 1,243.8 million compared to the fiscal year ended june 30 , 2016 primarily due to loan and lease originations for investment which increased $ 548.8 million and loan and lease purchases for investment which increased $ 136.4 million during the year ended june 30 , 2017 . yields on loans and leases increased by 14 basis points to 5.26 % for the fiscal year ended june 30 , 2017 , primarily due to increased yields in the single family , commercial & industrial and h & r block-branded loan products . for the fiscal year ended june 30 , 2017 , the growth in average balances contributed additional interest income of $ 56.3 million , which was supplemented by a $ 11.3 million increase in interest income due to the increase in average rate . the average yield earned on our interest-earning assets increased to 4.89 % for the fiscal year ended june 30 , 2017 , up from 4.75 % for the same period in 2016 primarily due to the increase in rate from loans and leases . 38 interest expense . interest expense totaled $ 74.1 million for the fiscal year ended june 30 , 2017 , an increase of $ 17.4 million , or 30.6 % compared to $ 56.7 million in interest expense during the fiscal year ended june 30 , 2016 , due primarily to increased volumes of deposits and other borrowings as well as increased rates on deposits and advances . the average rate paid on all of our interest-bearing liabilities increased to 1.15 % for the fiscal year ended june 30 , 2017 from 1.05 % for the fiscal year ended june 30 , 2016 , due primarily to increased rates on deposits and advances from fhlb . average interest-bearing liabilities for the fiscal year ended june 30 , 2017 increased $ 1,035.5 million compared to fiscal 2016 . the average interest-bearing balances of demand and savings increased $ 970.3 million and the average interest-bearing balances increased $ 1,035.5 million due to increased deposits and the full year impact of our subordinated notes issued in march 2016. the average rate on interest-bearing deposits increased to 0.75 % from 0.67 % due to increases in prevailing deposit rates across the industry . the rates on advances from the fhlb also increased to 1.55 % from 1.31 % due primarily to the fed rate increases . the average rate on time deposits increased to 2.33 % for the fiscal year ended june 30 , 2017 from 2.12 % for the fiscal year ended june 30 , 2016 , due to issuance of longer term time deposits . the average non-interest-bearing demand deposits were $ 774.4 million for the fiscal year ended june 30 , 2017 , representing an increase of $ 34.6 million . provision for loan and lease losses . provision for loan and lease losses was $ 11.1 million for the fiscal year ended june 30 , 2017 and $ 9.7 million for fiscal 2016 . the provisions are made to maintain our allowance for loan and lease losses at levels which management believes to be adequate . the assessment of the adequacy of our allowance for loan and lease losses is based upon a number of quantitative and qualitative factors , including levels and trends of past due and nonaccrual loans , loss history and changes in the volume and mix of loans and collateral values . see “ asset quality and allowance for loan and lease losses ” for discussion of our allowance for loan and lease losses and the related loss provisions . non-interest income . the following table sets forth information regarding our non-interest income : replace_table_token_18_th non-interest income totaled $ 68.1 million for the fiscal year ended june 30 , 2017 compared to non-interest income of $ 66.3 million for fiscal 2016 . the increase was primarily the result of an increase of $ 5.9 million in banking service fees due to h & r block-branded products and service fee income , an increase in mortgage banking income of $ 3.2 million , an increase in realized gain from sale of securities of $ 2.5 million , and increased levels of prepayment penalty fee income of $ 1.7 million , partially offset by a $ 11.1

