at december 31 , 2015 , consumer loans represented 31.0 % of the company 's total gross loan portfolio , down from 34.7 % at december 31 , 2014 , as real estate loan originations have increased at a faster pace than consumer loan originations during the year ended december 31 , 2015 . 55 indirect home improvement lending is dependent on the company 's relationships with home improvement contractors and dealers . the company funded $ 67.3 million , or 4,000 loans during the year ended december 31 , 2015 , using its indirect home improvement contractor/dealer network located throughout washington , oregon , idaho , and california with four contractor/dealers responsible for 53.2 % of the funded loans dollar volume . the company began originating consumer indirect loans in the state of california in 2012 with $ 2.5 million in these loans originated during 2012. in 2015 , the company originated $ 22.6 million in the state of california and held $ 28.9 million in california originated consumer loans at december 31 , 2015. management has established a concentration limit of no more than 100 % of the bank 's total risk-based capital . at december 31 , 2015 , the limit would be $ 85.6 million . see item 1a , “ risk factors - our business could suffer if we are unsuccessful in making , continuing and growing relationships with home improvement contractors and dealers ” of this form 10-k. since 2012 , the company has had an emphasis on diversifying lending products by expanding commercial real estate , commercial business and residential lending , while maintaining the current size of the consumer loan portfolio . the company 's lending strategies are intended to take advantage of : ( 1 ) historical strength in indirect consumer lending , ( 2 ) recent market consolidation that has created new lending opportunities and the availability of experienced bankers , and ( 3 ) strength in relationship lending . retail deposits will continue to serve as an important funding source . see item 1 , “ business : lending activities- iv ” and item 1a , “ risk factors - risks related to our business ” in this form 10-k. the company generally underwrites the one-to-four-family loans based on the applicant 's ability to repay . this includes employment and credit history and the appraised value of the subject property . the company lends up to 100 % of the lesser of the appraised value or purchase price for one-to-four-family first mortgage loans . for first mortgage loans with a loan-to-value ratio in excess of 80 % , the company generally requires either private mortgage insurance or government sponsored insurance in order to mitigate the higher risk level associated with higher loan-to-value loans . fixed-rate loans secured by one-to-four-family residences have contractual maturities of up to 30 years and are generally fully amortizing , with payments due monthly . adjustable-rate mortgage loans may pose different credit risks than fixed-rate loans , primarily because as interest rates increase , the borrower 's payments rise , increasing the potential for default . properties securing the one-to-four-family loans are appraised by independent fee appraisers who are selected in accordance with industry and regulatory standards . the company requires borrowers to obtain title and hazard insurance , and flood insurance , if necessary . loans are generally underwritten to the secondary market guidelines with additional requirements as determined by the internal underwriting department . the company is significantly affected by prevailing economic conditions , as well as government policies and regulations concerning , among other things , monetary and fiscal affairs . deposit flows are influenced by a number of factors , including interest rates paid on time deposits , other investments , account maturities , and the overall level of personal income and savings . lending activities are influenced by the demand for funds , the number and quality of lenders , and regional economic cycles . sources of funds for lending activities include primarily deposits , including brokered deposits , borrowings , payments on loans and income provided from operations . the company 's earnings are primarily dependent upon net interest income , the difference between interest income and interest expense . interest income is a function of the balances of loans and investments outstanding during a given period and the yield earned on these loans and investments . interest expense is a function of the amount of deposits and borrowings outstanding during the same period and interest rates paid on these deposits and borrowings . the company 's earnings are also affected by the provision for loan losses , service charges and fees , gains from sales of assets , operating expenses and income taxes . the secondary influence on the company 's earnings is fee income from mortgage banking activities . critical accounting policies and estimates certain of the company 's accounting policies are important to the portrayal of the company 's financial condition , since they require management to make difficult , complex or subjective judgments , some of which may relate to matters that are inherently uncertain . estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances . facts and circumstances which could affect these judgments include , but are not limited to , changes in interest rates , changes in the performance of the economy and changes in the financial condition of borrowers . management believes that its critical accounting policies include determining the allowance for loan losses , the fair value of servicing rights , derivatives and hedging activity , and the accounting 56 for deferred income taxes . the company 's accounting policies are discussed in detail in note 1 of the notes to consolidated financial statements included in item 8 , “ financial statements and supplementary data ” of this form 10-k. allowance for loan loss . story_separator_special_tag deposit , $ 16.7 million of online certificates of deposit , and $ 1.7 million of public funds , increased to $ 46.3 million as of december 31 , 2015 , compared to $ 36.4 million at december 31 , 2014. the company continues its focus on relationship deposit growth with new and existing customers as the primary source of funds for loan growth . the branch purchase provides immediate core deposit liquidity to support lending growth and asset/liability objectives and expands the bank 's footprint into contiguous markets . borrowings , which consisted of fhlb advances and fhlb fed funds , increased $ 81.7 million , or 479.8 % , to $ 98.8 million at december 31 , 2015 , from $ 17.0 million at december 31 , 2014. the increase in borrowings was primarily due to timing differences between the branch purchase and loan growth prior to the acquisition . in addition to our borrowings , on october 15 , 2015 ( the “ closing date ” ) , fs bancorp , inc. closed on a third-party loan commitment by the issuance of an unsecured subordinated term note in the aggregate principal amount of $ 10.0 million due october 1 , 2025 ( the “ subordinated note ” ) . the subordinated note bears interest at an annual interest rate of 6.50 % , payable by the company quarterly in arrears on january 1 , april 1 , july 1 and october 1 of each year , commencing on the first such date following the closing date and on the maturity date . the subordinated note will mature on october 1 , 2025 but may be prepaid at the company 's option and with regulatory approval at any time on or after five years after the closing date or at any time upon certain events , such as a change in the regulatory capital treatment of the subordinated note or the interest on the subordinated note no longer being deductible by the company for united states federal income tax purposes . the company contributed $ 9.0 million of the proceeds from the subordinated note as additional capital to the bank in the fourth quarter of 2015 in anticipation of the branch purchase and intends to use the balance to fund general working capital and operating expenses . see item 8 , “ financial statements and supplementary data - notes to consolidated financial statements - note 8 debt . ” . stockholders ' equity . total stockholders ' equity increased $ 9.5 million , or 14.4 % , to $ 75.3 million at december 31 , 2015 , from $ 65.8 million at december 31 , 2014. the increase in stockholders ' equity was primarily a result of net income of $ 8.9 million . book value per common diluted shares outstanding was $ 25.18 at december 31 , 2015 , compared to $ 22.48 at december 31 , 2014 . 60 average balances , interest and average yields/cost the following table sets forth for the periods indicated , information regarding average balances of assets and liabilities as well as the total dollar amounts of interest income from average interest-earning assets and interest expense on average interest-bearing liabilities , resultant yields , interest rate spread , net interest margin ( otherwise known as net yield on interest-earning assets ) , and the ratio of average interest-earning assets to average interest-bearing liabilities . also presented is the weighted average yield on interest-earning assets , rates paid on interest-bearing liabilities and the resultant spread at december 31 , 2015. income and all average balances are monthly average balances . non-accruing loans have been included in the table as loans carrying a zero yield . replace_table_token_25_th _ ( 1 ) the average loans receivable , net balances include non-accruing loans . 61 rate/volume analysis the following table presents the dollar amount of changes in interest income and interest expense for major components of interest-earning assets and interest-bearing liabilities . it distinguishes between the changes related to outstanding balances and that due to the changes in interest rates . for each category of interest-earning assets and interest-bearing liabilities , information is provided on changes attributable to ( i ) changes in volume ( i.e . , changes in volume multiplied by old rate ) and ( ii ) changes in rate ( i.e . , changes in rate multiplied by old volume ) . for purposes of this table , changes attributable to both rate and volume , which can not be segregated , have been allocated proportionately to the change due to volume and the change due to rate . replace_table_token_26_th ( 1 ) the average loans receivable , net balances include non-accruing loans . ( 2 ) includes interest-bearing deposits at other financial institutions . comparison of results of operations for the years ended december 31 , 2015 and 2014 general . net income for the year ended december 31 , 2015 , increased $ 4.3 million , or 95.5 % , to $ 8.9 million , from $ 4.5 million for the year ended december 31 , 2014. the increase in net income was primarily a result of a $ 7.6 million , or 75.4 % increase in noninterest income , and a $ 6.9 million , or 27.6 % increase in interest income , partially offset by a $ 5.7 million , or 24.0 % increase in noninterest expense , a $ 2.9 million , or 152.4 % increase in the provision for income tax expense and $ 1.0 million , or 35.4 % increase in interest expense . net interest income . net interest income increased $ 5.9 million , or 26.7 % , to $ 28.0 million for the year ended december 31 , 2015 , from $ 22.1million for the year ended december 31 , 2014. the increase in net interest income was primarily attributable to a $ 6.8 million , or 28.8 % increase in

liquidity management maintains a liquidity position that it believes will adequately provide funding for loan demand and deposit runoff that may occur in the normal course of business . the company relies on a number of different sources in order to meet potential liquidity demands . the primary sources are increases in deposit accounts , fhlb advances , purchases of fed funds , sale of securities available-for-sale , cash flows from loan payments and maturing securities , and sales of one-to-four-family loans held for sale . in addition , during the year ended december 31 , 2015 , the company issued the subordinated note to provide additional capital to the bank in anticipation of the branch purchase and intends to use the balance to fund general working capital and operating expenses . at december 31 , 2015 , the bank 's total borrowing capacity was $ 153.8 million with the fhlb of des moines , with unused borrowing capacity of $ 55.1 million at that date . the fhlb borrowing limit is based on certain categories of loans , primarily real estate loans that qualify as collateral for fhlb advances . at december 31 , 2015 , the bank held approximately $ 206.2 million in loans that qualify as collateral for fhlb advances .


 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 management maintains a liquidity position that it believes will adequately provide funding for loan demand and deposit runoff that may occur in the normal course of business . the company relies on a number of different sources in order to meet potential liquidity demands . the primary sources are increases in deposit accounts , fhlb advances , purchases of fed funds , sale of securities available-for-sale , cash flows from loan payments and maturing securities , and sales of one-to-four-family loans held for sale . in addition , during the year ended december 31 , 2015 , the company issued the subordinated note to provide additional capital to the bank in anticipation of the branch purchase and intends to use the balance to fund general working capital and operating expenses . at december 31 , 2015 , the bank 's total borrowing capacity was $ 153.8 million with the fhlb of des moines , with unused borrowing capacity of $ 55.1 million at that date . the fhlb borrowing limit is based on certain categories of loans , primarily real estate loans that qualify as collateral for fhlb advances . at december 31 , 2015 , the bank held approximately $ 206.2 million in loans that qualify as collateral for fhlb advances .
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 Suspicious Activity Report : at december 31 , 2015 , consumer loans represented 31.0 % of the company 's total gross loan portfolio , down from 34.7 % at december 31 , 2014 , as real estate loan originations have increased at a faster pace than consumer loan originations during the year ended december 31 , 2015 . 55 indirect home improvement lending is dependent on the company 's relationships with home improvement contractors and dealers . the company funded $ 67.3 million , or 4,000 loans during the year ended december 31 , 2015 , using its indirect home improvement contractor/dealer network located throughout washington , oregon , idaho , and california with four contractor/dealers responsible for 53.2 % of the funded loans dollar volume . the company began originating consumer indirect loans in the state of california in 2012 with $ 2.5 million in these loans originated during 2012. in 2015 , the company originated $ 22.6 million in the state of california and held $ 28.9 million in california originated consumer loans at december 31 , 2015. management has established a concentration limit of no more than 100 % of the bank 's total risk-based capital . at december 31 , 2015 , the limit would be $ 85.6 million . see item 1a , “ risk factors - our business could suffer if we are unsuccessful in making , continuing and growing relationships with home improvement contractors and dealers ” of this form 10-k. since 2012 , the company has had an emphasis on diversifying lending products by expanding commercial real estate , commercial business and residential lending , while maintaining the current size of the consumer loan portfolio . the company 's lending strategies are intended to take advantage of : ( 1 ) historical strength in indirect consumer lending , ( 2 ) recent market consolidation that has created new lending opportunities and the availability of experienced bankers , and ( 3 ) strength in relationship lending . retail deposits will continue to serve as an important funding source . see item 1 , “ business : lending activities- iv ” and item 1a , “ risk factors - risks related to our business ” in this form 10-k. the company generally underwrites the one-to-four-family loans based on the applicant 's ability to repay . this includes employment and credit history and the appraised value of the subject property . the company lends up to 100 % of the lesser of the appraised value or purchase price for one-to-four-family first mortgage loans . for first mortgage loans with a loan-to-value ratio in excess of 80 % , the company generally requires either private mortgage insurance or government sponsored insurance in order to mitigate the higher risk level associated with higher loan-to-value loans . fixed-rate loans secured by one-to-four-family residences have contractual maturities of up to 30 years and are generally fully amortizing , with payments due monthly . adjustable-rate mortgage loans may pose different credit risks than fixed-rate loans , primarily because as interest rates increase , the borrower 's payments rise , increasing the potential for default . properties securing the one-to-four-family loans are appraised by independent fee appraisers who are selected in accordance with industry and regulatory standards . the company requires borrowers to obtain title and hazard insurance , and flood insurance , if necessary . loans are generally underwritten to the secondary market guidelines with additional requirements as determined by the internal underwriting department . the company is significantly affected by prevailing economic conditions , as well as government policies and regulations concerning , among other things , monetary and fiscal affairs . deposit flows are influenced by a number of factors , including interest rates paid on time deposits , other investments , account maturities , and the overall level of personal income and savings . lending activities are influenced by the demand for funds , the number and quality of lenders , and regional economic cycles . sources of funds for lending activities include primarily deposits , including brokered deposits , borrowings , payments on loans and income provided from operations . the company 's earnings are primarily dependent upon net interest income , the difference between interest income and interest expense . interest income is a function of the balances of loans and investments outstanding during a given period and the yield earned on these loans and investments . interest expense is a function of the amount of deposits and borrowings outstanding during the same period and interest rates paid on these deposits and borrowings . the company 's earnings are also affected by the provision for loan losses , service charges and fees , gains from sales of assets , operating expenses and income taxes . the secondary influence on the company 's earnings is fee income from mortgage banking activities . critical accounting policies and estimates certain of the company 's accounting policies are important to the portrayal of the company 's financial condition , since they require management to make difficult , complex or subjective judgments , some of which may relate to matters that are inherently uncertain . estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances . facts and circumstances which could affect these judgments include , but are not limited to , changes in interest rates , changes in the performance of the economy and changes in the financial condition of borrowers . management believes that its critical accounting policies include determining the allowance for loan losses , the fair value of servicing rights , derivatives and hedging activity , and the accounting 56 for deferred income taxes . the company 's accounting policies are discussed in detail in note 1 of the notes to consolidated financial statements included in item 8 , “ financial statements and supplementary data ” of this form 10-k. allowance for loan loss . story_separator_special_tag deposit , $ 16.7 million of online certificates of deposit , and $ 1.7 million of public funds , increased to $ 46.3 million as of december 31 , 2015 , compared to $ 36.4 million at december 31 , 2014. the company continues its focus on relationship deposit growth with new and existing customers as the primary source of funds for loan growth . the branch purchase provides immediate core deposit liquidity to support lending growth and asset/liability objectives and expands the bank 's footprint into contiguous markets . borrowings , which consisted of fhlb advances and fhlb fed funds , increased $ 81.7 million , or 479.8 % , to $ 98.8 million at december 31 , 2015 , from $ 17.0 million at december 31 , 2014. the increase in borrowings was primarily due to timing differences between the branch purchase and loan growth prior to the acquisition . in addition to our borrowings , on october 15 , 2015 ( the “ closing date ” ) , fs bancorp , inc. closed on a third-party loan commitment by the issuance of an unsecured subordinated term note in the aggregate principal amount of $ 10.0 million due october 1 , 2025 ( the “ subordinated note ” ) . the subordinated note bears interest at an annual interest rate of 6.50 % , payable by the company quarterly in arrears on january 1 , april 1 , july 1 and october 1 of each year , commencing on the first such date following the closing date and on the maturity date . the subordinated note will mature on october 1 , 2025 but may be prepaid at the company 's option and with regulatory approval at any time on or after five years after the closing date or at any time upon certain events , such as a change in the regulatory capital treatment of the subordinated note or the interest on the subordinated note no longer being deductible by the company for united states federal income tax purposes . the company contributed $ 9.0 million of the proceeds from the subordinated note as additional capital to the bank in the fourth quarter of 2015 in anticipation of the branch purchase and intends to use the balance to fund general working capital and operating expenses . see item 8 , “ financial statements and supplementary data - notes to consolidated financial statements - note 8 debt . ” . stockholders ' equity . total stockholders ' equity increased $ 9.5 million , or 14.4 % , to $ 75.3 million at december 31 , 2015 , from $ 65.8 million at december 31 , 2014. the increase in stockholders ' equity was primarily a result of net income of $ 8.9 million . book value per common diluted shares outstanding was $ 25.18 at december 31 , 2015 , compared to $ 22.48 at december 31 , 2014 . 60 average balances , interest and average yields/cost the following table sets forth for the periods indicated , information regarding average balances of assets and liabilities as well as the total dollar amounts of interest income from average interest-earning assets and interest expense on average interest-bearing liabilities , resultant yields , interest rate spread , net interest margin ( otherwise known as net yield on interest-earning assets ) , and the ratio of average interest-earning assets to average interest-bearing liabilities . also presented is the weighted average yield on interest-earning assets , rates paid on interest-bearing liabilities and the resultant spread at december 31 , 2015. income and all average balances are monthly average balances . non-accruing loans have been included in the table as loans carrying a zero yield . replace_table_token_25_th _ ( 1 ) the average loans receivable , net balances include non-accruing loans . 61 rate/volume analysis the following table presents the dollar amount of changes in interest income and interest expense for major components of interest-earning assets and interest-bearing liabilities . it distinguishes between the changes related to outstanding balances and that due to the changes in interest rates . for each category of interest-earning assets and interest-bearing liabilities , information is provided on changes attributable to ( i ) changes in volume ( i.e . , changes in volume multiplied by old rate ) and ( ii ) changes in rate ( i.e . , changes in rate multiplied by old volume ) . for purposes of this table , changes attributable to both rate and volume , which can not be segregated , have been allocated proportionately to the change due to volume and the change due to rate . replace_table_token_26_th ( 1 ) the average loans receivable , net balances include non-accruing loans . ( 2 ) includes interest-bearing deposits at other financial institutions . comparison of results of operations for the years ended december 31 , 2015 and 2014 general . net income for the year ended december 31 , 2015 , increased $ 4.3 million , or 95.5 % , to $ 8.9 million , from $ 4.5 million for the year ended december 31 , 2014. the increase in net income was primarily a result of a $ 7.6 million , or 75.4 % increase in noninterest income , and a $ 6.9 million , or 27.6 % increase in interest income , partially offset by a $ 5.7 million , or 24.0 % increase in noninterest expense , a $ 2.9 million , or 152.4 % increase in the provision for income tax expense and $ 1.0 million , or 35.4 % increase in interest expense . net interest income . net interest income increased $ 5.9 million , or 26.7 % , to $ 28.0 million for the year ended december 31 , 2015 , from $ 22.1million for the year ended december 31 , 2014. the increase in net interest income was primarily attributable to a $ 6.8 million , or 28.8 % increase in

