fee income being less than expected ; changes in the level of our nonperforming assets and charge-offs ; changes in consumer spending and savings habits ; unanticipated regulatory or judicial proceedings ; and the factors discussed under the caption `` risk factors `` in this report . if one or more of the factors affecting our forward looking information and statements proves incorrect , then our actual results , performance or achievements could differ materially from those expressed in , or implied by , forward looking information and statements contained in this report . you should not place undue reliance on our forward looking information and statements . we will not update the forward looking statements to reflect actual results or changes in the factors affecting the forward looking statements . general the company is a growth-oriented , one-bank holding company headquartered in bethesda , maryland , which is currently celebrating eighteen years of successful operations . the company provides general commercial and consumer banking services through the bank , its wholly owned banking subsidiary , a maryland chartered bank which is a member of the federal reserve system . the company was organized in october 1997 , to be the holding company for the bank . the bank was organized in 1998 as an independent , community oriented , full service banking alternative to the super regional financial institutions , which dominate the company 's primary market area . the company 's philosophy is to provide superior , personalized service to its customers . the company focuses on relationship banking , providing each customer with a number of services and becoming familiar with and addressing customer needs in a proactive , personalized fashion . the bank currently has a total of twenty one branch offices , including nine in northern virginia , seven in montgomery county , maryland , and five in washington , d.c. the bank offers a broad range of commercial banking services to its business and professional clients as well as full service consumer banking services to individuals living and or working primarily in the bank 's market area . the bank emphasizes providing commercial banking services to sole proprietors , small and medium-sized businesses , non-profit organizations and associations , and investors living and working in and near the primary service area . these services include the usual deposit functions of commercial banks , including business and personal checking accounts , `` now `` accounts and money market and savings accounts , business , construction , and commercial loans , residential mortgages and consumer loans , and cash management services . the bank is also active in the origination and sale of residential mortgage loans and the origination of sba loans . the residential mortgage loans are originated for sale to third-party investors , generally large mortgage and banking companies , under best efforts and mandatory delivery commitments with the investors to purchase the loans subject to compliance with pre-established criteria . the bank generally sells the guaranteed portion of the sba loans in a transaction apart from the loan origination generating noninterest income from the gains on sale , as well as servicing income on the portion participated . bethesda leasing , llc , a subsidiary of the bank , holds title to and 40 manages other real estate owned ( `` oreo `` ) assets . eagle insurance services , llc , a subsidiary of the bank , offers access to insurance products and services through a referral program with a third party insurance broker . additionally , the bank offers investment advisory services through referral programs with third parties . ecv , a subsidiary of the company , provides subordinated financing for the acquisition , development and or construction of real estate projects . ecv lending involves higher levels of risk , together with commensurate expected returns . throughout 2016 , economic conditions in the u.s. economy experienced continued slow recovery with growth for the year still coming in below expectations . as 2016 began , expectations were high that the federal reserve board would begin moving short-term interest rates higher but that move did not occur until the final meeting in december . actual gdp growth for 2016 in the u.s. was below expectations , with the final quarter of 2016 registering just 1.9 % growth . worldwide gdp growth continued to be generally weak due to sluggish growth in advanced economies , low commodity prices , weak global trade , and weakening capital flows . the u.s. official unemployment rate declined to 4.7 % by year-end 2016. however , job growth , which occurred monthly , was impacted significantly by lower paying jobs , more part-time employment and a lower job participation level . wage growth did begin to pick up towards the end of the year . the lack of solid full time job growth and stagnant wages for most of the year weighed heavily on federal reserve board monetary policy , which maintained short-term interest rates at a target between 25 and 50 basis points until its december 2016 meeting , when the federal funds target interest rate was increased by 25 basis points , the only rate hike by the federal reserve 's open market committee ( `` fomc `` ) in 2016. longer-term u.s. interest rates averaged lower in 2016 , with the ten year u.s. treasury rate averaging 1.83 % in 2016 versus 2.14 % in 2015. the yield curve flattened ( two year versus ten year u.s. treasury rates ) during 2016 as inflationary pressures remained soft for most of the year and the prospect of the fomc raising short term rates increased , which did not happen until late in 2016. lower long-term interest rates were a function of both a flight to quality in u.s. treasury securities , as persistent weaknesses continued in european central bank ( `` ecb `` ) economies generally , along with geopolitical risks , combined with low story_separator_special_tag for the year ended december 31 , 2016 , the net interest spread decreased by 24 basis points ( to 3.91 % from 4.15 % ) as compared to 2015 , due to lower yields on average earning assets and an increase in the average cost on interest bearing liabilities . the cost of interest bearing liabilities increased in 2016 largely as a result of the impact of the issuance of $ 150.0 million of subordinated notes completed in july 2016. overall , the company believes its deposit mix and cost of funds remain favorable . the benefit of noninterest sources funding earning assets increased by 7 basis points to 25 basis points for the year ended december 31 , 2016 as compared to 18 basis points for the year ended december 31 , 2015 as a result of a favorable mix of noninterest bearing deposits and stockholders ' equity . the combination of a 24 basis point decrease in the net interest spread and a 7 basis point increase in the value of noninterest sources resulted in the 17 basis point decrease in the net interest margin for the year ended december 31 , 2016 as compared to the same period in 2015. the company believes it has effectively managed its net interest margin and net interest income during 2016 as market interest rates ( on average ) have remained relatively low . this factor has been significant to overall earnings performance during the past year as net interest income represented 90 % of the company 's total revenue for the year ended december 31 , 2016. the provision for credit losses was $ 11.3 million for the year ended december 31 , 2016 as compared to $ 14.6 million for the year ended december 31 , 2015. net charge-offs of $ 4.9 million during 2016 represented an annualized 0.09 % of average loans , excluding loans held for sale , as compared to 45 $ 8.0 million or an annualized 0.17 % of average loans , excluding loans held for sale , for the year ended december 31 , 2015. at december 31 , 2016 , the allowance for credit losses represented 1.04 % of loans outstanding , as compared to 1.05 % at december 31 , 2015. the allowance for credit losses represented 330 % of nonperforming loans at december 31 , 2016 , as compared to 398 % at december 31 , 2015. total noninterest income for the year ended december 31 , 2016 increased to $ 27.3 million from $ 26.6 million for the year ended december 31 , 2015 , a 3 % increase . the efficiency ratio , which measures the ratio of noninterest expense to total revenue , remained favorable at 40.29 % for the year ended december 31 , 2016 as compared to 42.49 % for the same period in 2015. total noninterest expenses totaled $ 115.0 million for the year ended december 31 , 2016 , as compared to $ 110.7 million for the year ended december 31 , 2015 , a 4 % increase . as a percentage of average assets , total noninterest expense was 1.79 % for the year of 2016 as compared to 1.97 % for the same period in 2015. the ratio of common equity to total assets increased from 12.16 % at december 31 , 2015 to 12.23 % at december 31 , 2016 due to growth from earnings . as discussed in the `` capital resources and adequacy `` section , the regulatory capital ratios of the bank and company remain above well capitalized levels . net interest income and net interest margin net interest income is the difference between interest income on earning assets and the cost of funds supporting those assets . earning assets are composed primarily of loans , loans held for sale , investment securities , and interest bearing deposits with banks . the cost of funds represents interest expense on deposits , customer repurchase agreements and other borrowings , which consist of federal funds purchased , advances from the fhlb and subordinated notes . noninterest bearing deposits and capital are other components representing funding sources . changes in the volume and mix of assets and funding sources , along with the changes in yields earned and rates paid , determine changes in net interest income . net interest income in 2016 was $ 258.2 million compared to $ 233.9 million in 2015 and $ 178.5 million in 2014. for the year ended december 31 , 2016 , net interest income increased 10 % over the same period for 2015. average loans increased $ 744.3 million ( 16 % ) and average deposits increased by $ 672.0 million ( 14 % ) . the net interest margin was 4.16 % for the year ended december 31 , 2016 , as compared to 4.33 % for the same period in 2015. the company has been able to maintain its loan yields in 2016 relatively close to 2015 levels due to disciplined loan pricing practices , and has managed its funding costs while maintaining a favorable deposit mix ; much of which has occurred from sales efforts to increase and deepen client relationships . the company believes its net interest margin remains favorable as compared to its peer banking companies . the table below presents the average balances and rates of the various categories of the company 's assets and liabilities for the years ended december 31 , 2016 , 2015 and 2014. included in the table is a measurement of interest rate spread and margin . interest rate spread is the difference ( expressed as a percentage ) between the interest rate earned on earning assets less the interest expense on interest bearing liabilities . while the interest rate spread provides a quick comparison of earnings rates versus cost of funds , management believes that the net interest margin provides a better measurement of performance . the net interest margin

capital resources and adequacy the assessment of capital adequacy depends on a number of factors such as asset quality and mix , liquidity , earnings performance , changing competitive conditions and economic forces , stress testing , regulatory measures and policy , as well as the overall level of growth and complexity of the balance sheet . the adequacy of the company 's current and future capital needs is monitored by management on an ongoing basis . management seeks to maintain a capital structure that will assure an adequate level of capital to support anticipated asset growth and to absorb potential losses . the federal banking regulators have issued guidance for those institutions , which are deemed to have concentrations in commercial real estate lending . pursuant to the supervisory criteria contained in the guidance for identifying institutions with a potential commercial real estate concentration risk , institutions which have ( 1 ) total reported loans for construction , land development , and other land acquisitions which represent 100 % or more of an institution 's total risk-based capital ; or ( 2 ) total commercial real estate loans representing 300 % or more of the institution 's total risk-based capital and the institution 's commercial real estate loan portfolio has increased 50 % or more during the prior 36 months are identified as having potential commercial real estate concentration risk . institutions which are deemed to have concentrations in commercial real estate lending are expected to employ heightened levels of risk management with respect to their commercial real estate portfolios , and may be required to hold higher levels of capital . the company , like many community banks , has a concentration in commercial real estate loans , and the company has experienced significant growth in its commercial real estate portfolio in recent years . at december 31 , 2016 , non-owner-occupied commercial real estate loans ( including construction , land and land development loans ) represent 319 % of total risk based capital . construction , land and land development loans represent 96 % of total risk based capital .


 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 and adequacy the assessment of capital adequacy depends on a number of factors such as asset quality and mix , liquidity , earnings performance , changing competitive conditions and economic forces , stress testing , regulatory measures and policy , as well as the overall level of growth and complexity of the balance sheet . the adequacy of the company 's current and future capital needs is monitored by management on an ongoing basis . management seeks to maintain a capital structure that will assure an adequate level of capital to support anticipated asset growth and to absorb potential losses . the federal banking regulators have issued guidance for those institutions , which are deemed to have concentrations in commercial real estate lending . pursuant to the supervisory criteria contained in the guidance for identifying institutions with a potential commercial real estate concentration risk , institutions which have ( 1 ) total reported loans for construction , land development , and other land acquisitions which represent 100 % or more of an institution 's total risk-based capital ; or ( 2 ) total commercial real estate loans representing 300 % or more of the institution 's total risk-based capital and the institution 's commercial real estate loan portfolio has increased 50 % or more during the prior 36 months are identified as having potential commercial real estate concentration risk . institutions which are deemed to have concentrations in commercial real estate lending are expected to employ heightened levels of risk management with respect to their commercial real estate portfolios , and may be required to hold higher levels of capital . the company , like many community banks , has a concentration in commercial real estate loans , and the company has experienced significant growth in its commercial real estate portfolio in recent years . at december 31 , 2016 , non-owner-occupied commercial real estate loans ( including construction , land and land development loans ) represent 319 % of total risk based capital . construction , land and land development loans represent 96 % of total risk based capital .
```    
 Suspicious Activity Report : fee income being less than expected ; changes in the level of our nonperforming assets and charge-offs ; changes in consumer spending and savings habits ; unanticipated regulatory or judicial proceedings ; and the factors discussed under the caption `` risk factors `` in this report . if one or more of the factors affecting our forward looking information and statements proves incorrect , then our actual results , performance or achievements could differ materially from those expressed in , or implied by , forward looking information and statements contained in this report . you should not place undue reliance on our forward looking information and statements . we will not update the forward looking statements to reflect actual results or changes in the factors affecting the forward looking statements . general the company is a growth-oriented , one-bank holding company headquartered in bethesda , maryland , which is currently celebrating eighteen years of successful operations . the company provides general commercial and consumer banking services through the bank , its wholly owned banking subsidiary , a maryland chartered bank which is a member of the federal reserve system . the company was organized in october 1997 , to be the holding company for the bank . the bank was organized in 1998 as an independent , community oriented , full service banking alternative to the super regional financial institutions , which dominate the company 's primary market area . the company 's philosophy is to provide superior , personalized service to its customers . the company focuses on relationship banking , providing each customer with a number of services and becoming familiar with and addressing customer needs in a proactive , personalized fashion . the bank currently has a total of twenty one branch offices , including nine in northern virginia , seven in montgomery county , maryland , and five in washington , d.c. the bank offers a broad range of commercial banking services to its business and professional clients as well as full service consumer banking services to individuals living and or working primarily in the bank 's market area . the bank emphasizes providing commercial banking services to sole proprietors , small and medium-sized businesses , non-profit organizations and associations , and investors living and working in and near the primary service area . these services include the usual deposit functions of commercial banks , including business and personal checking accounts , `` now `` accounts and money market and savings accounts , business , construction , and commercial loans , residential mortgages and consumer loans , and cash management services . the bank is also active in the origination and sale of residential mortgage loans and the origination of sba loans . the residential mortgage loans are originated for sale to third-party investors , generally large mortgage and banking companies , under best efforts and mandatory delivery commitments with the investors to purchase the loans subject to compliance with pre-established criteria . the bank generally sells the guaranteed portion of the sba loans in a transaction apart from the loan origination generating noninterest income from the gains on sale , as well as servicing income on the portion participated . bethesda leasing , llc , a subsidiary of the bank , holds title to and 40 manages other real estate owned ( `` oreo `` ) assets . eagle insurance services , llc , a subsidiary of the bank , offers access to insurance products and services through a referral program with a third party insurance broker . additionally , the bank offers investment advisory services through referral programs with third parties . ecv , a subsidiary of the company , provides subordinated financing for the acquisition , development and or construction of real estate projects . ecv lending involves higher levels of risk , together with commensurate expected returns . throughout 2016 , economic conditions in the u.s. economy experienced continued slow recovery with growth for the year still coming in below expectations . as 2016 began , expectations were high that the federal reserve board would begin moving short-term interest rates higher but that move did not occur until the final meeting in december . actual gdp growth for 2016 in the u.s. was below expectations , with the final quarter of 2016 registering just 1.9 % growth . worldwide gdp growth continued to be generally weak due to sluggish growth in advanced economies , low commodity prices , weak global trade , and weakening capital flows . the u.s. official unemployment rate declined to 4.7 % by year-end 2016. however , job growth , which occurred monthly , was impacted significantly by lower paying jobs , more part-time employment and a lower job participation level . wage growth did begin to pick up towards the end of the year . the lack of solid full time job growth and stagnant wages for most of the year weighed heavily on federal reserve board monetary policy , which maintained short-term interest rates at a target between 25 and 50 basis points until its december 2016 meeting , when the federal funds target interest rate was increased by 25 basis points , the only rate hike by the federal reserve 's open market committee ( `` fomc `` ) in 2016. longer-term u.s. interest rates averaged lower in 2016 , with the ten year u.s. treasury rate averaging 1.83 % in 2016 versus 2.14 % in 2015. the yield curve flattened ( two year versus ten year u.s. treasury rates ) during 2016 as inflationary pressures remained soft for most of the year and the prospect of the fomc raising short term rates increased , which did not happen until late in 2016. lower long-term interest rates were a function of both a flight to quality in u.s. treasury securities , as persistent weaknesses continued in european central bank ( `` ecb `` ) economies generally , along with geopolitical risks , combined with low story_separator_special_tag for the year ended december 31 , 2016 , the net interest spread decreased by 24 basis points ( to 3.91 % from 4.15 % ) as compared to 2015 , due to lower yields on average earning assets and an increase in the average cost on interest bearing liabilities . the cost of interest bearing liabilities increased in 2016 largely as a result of the impact of the issuance of $ 150.0 million of subordinated notes completed in july 2016. overall , the company believes its deposit mix and cost of funds remain favorable . the benefit of noninterest sources funding earning assets increased by 7 basis points to 25 basis points for the year ended december 31 , 2016 as compared to 18 basis points for the year ended december 31 , 2015 as a result of a favorable mix of noninterest bearing deposits and stockholders ' equity . the combination of a 24 basis point decrease in the net interest spread and a 7 basis point increase in the value of noninterest sources resulted in the 17 basis point decrease in the net interest margin for the year ended december 31 , 2016 as compared to the same period in 2015. the company believes it has effectively managed its net interest margin and net interest income during 2016 as market interest rates ( on average ) have remained relatively low . this factor has been significant to overall earnings performance during the past year as net interest income represented 90 % of the company 's total revenue for the year ended december 31 , 2016. the provision for credit losses was $ 11.3 million for the year ended december 31 , 2016 as compared to $ 14.6 million for the year ended december 31 , 2015. net charge-offs of $ 4.9 million during 2016 represented an annualized 0.09 % of average loans , excluding loans held for sale , as compared to 45 $ 8.0 million or an annualized 0.17 % of average loans , excluding loans held for sale , for the year ended december 31 , 2015. at december 31 , 2016 , the allowance for credit losses represented 1.04 % of loans outstanding , as compared to 1.05 % at december 31 , 2015. the allowance for credit losses represented 330 % of nonperforming loans at december 31 , 2016 , as compared to 398 % at december 31 , 2015. total noninterest income for the year ended december 31 , 2016 increased to $ 27.3 million from $ 26.6 million for the year ended december 31 , 2015 , a 3 % increase . the efficiency ratio , which measures the ratio of noninterest expense to total revenue , remained favorable at 40.29 % for the year ended december 31 , 2016 as compared to 42.49 % for the same period in 2015. total noninterest expenses totaled $ 115.0 million for the year ended december 31 , 2016 , as compared to $ 110.7 million for the year ended december 31 , 2015 , a 4 % increase . as a percentage of average assets , total noninterest expense was 1.79 % for the year of 2016 as compared to 1.97 % for the same period in 2015. the ratio of common equity to total assets increased from 12.16 % at december 31 , 2015 to 12.23 % at december 31 , 2016 due to growth from earnings . as discussed in the `` capital resources and adequacy `` section , the regulatory capital ratios of the bank and company remain above well capitalized levels . net interest income and net interest margin net interest income is the difference between interest income on earning assets and the cost of funds supporting those assets . earning assets are composed primarily of loans , loans held for sale , investment securities , and interest bearing deposits with banks . the cost of funds represents interest expense on deposits , customer repurchase agreements and other borrowings , which consist of federal funds purchased , advances from the fhlb and subordinated notes . noninterest bearing deposits and capital are other components representing funding sources . changes in the volume and mix of assets and funding sources , along with the changes in yields earned and rates paid , determine changes in net interest income . net interest income in 2016 was $ 258.2 million compared to $ 233.9 million in 2015 and $ 178.5 million in 2014. for the year ended december 31 , 2016 , net interest income increased 10 % over the same period for 2015. average loans increased $ 744.3 million ( 16 % ) and average deposits increased by $ 672.0 million ( 14 % ) . the net interest margin was 4.16 % for the year ended december 31 , 2016 , as compared to 4.33 % for the same period in 2015. the company has been able to maintain its loan yields in 2016 relatively close to 2015 levels due to disciplined loan pricing practices , and has managed its funding costs while maintaining a favorable deposit mix ; much of which has occurred from sales efforts to increase and deepen client relationships . the company believes its net interest margin remains favorable as compared to its peer banking companies . the table below presents the average balances and rates of the various categories of the company 's assets and liabilities for the years ended december 31 , 2016 , 2015 and 2014. included in the table is a measurement of interest rate spread and margin . interest rate spread is the difference ( expressed as a percentage ) between the interest rate earned on earning assets less the interest expense on interest bearing liabilities . while the interest rate spread provides a quick comparison of earnings rates versus cost of funds , management believes that the net interest margin provides a better measurement of performance . the net interest margin

