brokers and dealers , investment companies and finance companies , and attendant changes in patterns and effects of competition in the financial services industry ; 4. the ability of bancshares to achieve its expected operating results in the markets in which bancshares operates and bancshares ' ability to expand into new markets and to maintain profit margins ; and 5. since 2008 , the residential and commercial mortgage market in the united states has experienced a variety of worsening economic conditions that have adversely affected and may continue to adversely affect the performance and market value of our residential and commercial mortgage loans . across the united states , delinquencies , foreclosures and losses with respect to residential and commercial mortgage loans generally have increased during the last four years and may continue to increase . in addition , since 2008 , prices and appraisal values have declined . it is possible that values may remain stagnant or decline in the near term . an extended period of flat or declining values may result in increased delinquencies , losses on residential and commercial mortgage loans and reduced value of collateral that secure real estate loans . in addition , bancshares ' business is subject to a number of general and market risks that would affect any forward-looking statements , including the risks discussed in item 1a of this annual report . the words believe ,  expect ,  anticipate ,  project and similar expressions signify forward-looking statements . readers are cautioned not to place undue reliance on any forward-looking statements made by or on behalf of bancshares . any such statements speak only as of the date such statements were made , and bancshares undertakes no obligation to update or revise any forward-looking statements . 19 restatement of 2010 financial statements the amendment no . 1 to the annual report on form 10-k ( the form 10-k/a ) for 2010 was required due to material misstatements identified within the consolidated financial statements included in the initial form 10-k filed on march 14 , 2011 resulting from the company 's estimate of the allowance for loan losses related to valuation assessments of impaired loans . the company restated certain amounts in the consolidated financial statements to correct errors in previously reported amounts . the effect of this change in the consolidated financial statements was as follows ( in thousands , except per share amounts ) : replace_table_token_3_th the form 10-k/a included changes to item 9a  controls and procedures and reflected management 's restated assessment of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) and 15d-15 ( e ) under the exchange act ) as of december 31 , 2010. this restatement of management 's assessment regarding disclosure controls and procedures resulted from the identification of a material weakness in internal control over financial reporting . as a result of the need to restate the 2010 consolidated financials , management reassessed the effectiveness of the company 's internal control over financial reporting and concluded that , as of december 31 , 2010 , there was a material weakness in the company 's internal control over financial reporting . the weakness primarily related to the receipt of new appraisals or other valuation information on collateral securing impaired loans not being evaluated in a timely manner and recorded in the proper period . the 2010 form 10-k/a included changes to management 's report on internal control over financial reporting in item 8  financial statements and supplementary data that reflected management 's reassessment of the effectiveness of the company 's internal control over financial reporting as of december 31 , 2010. the company implemented changes in internal controls as of the date of the report to address the material weakness . however , we believed that additional time and testing would be necessary before concluding that the identified material weakness would be remediated . 20 critical accounting estimates the preparation of the company 's consolidated financial statements requires management to make subjective judgments associated with estimates . these estimates are necessary to comply with accounting principles generally accepted in the united states of america and general banking practices . these areas include accounting for the allowance for loan losses , other real estate owned and deferred income taxes . allowance for loan losses the company maintains the allowance for loan losses at a level deemed adequate by management to absorb probable losses from loans in the portfolio . in determining the adequacy of the allowance for loan losses , management considers numerous factors , including , but not limited to , management 's estimate of : ( a ) future economic conditions , ( b ) the financial condition and liquidity of certain loan customers and ( c ) collateral values of property securing certain loans . because these factors and others involve the use of management 's estimation and judgment , the allowance for loan losses is inherently subject to adjustment at future dates . unfavorable changes in the factors used by management to determine the adequacy of the allowance , including increased loan delinquencies and subsequent charge-offs , or the availability of new information , could require additional provisions , in excess of normal provisions , to the allowance for loan losses in future periods . there can be no assurance that loan losses in future periods will not exceed the allowance for loan losses or that additions to the allowances will not be required . other real estate owned other real estate owned ( oreo ) that consists of properties obtained through foreclosure or in satisfaction of loans is reported at the lower of cost or fair value , less estimated costs to sell at the date acquired , with any loss recognized as a charge-off through the allowance for loan losses . story_separator_special_tag 28 provision for income taxes a net operating loss before tax generated a tax benefit of $ 6.0 million for 2011 , compared to a tax benefit of $ 3.0 million in 2010. the calculation of the income tax provision requires the use of estimates and judgments of management . as part of the company 's overall business strategy , management must take into account tax laws and regulations that apply to specific tax issues faced by the company in each year . this analysis includes an evaluation of the amount and timing of the realization of income tax assets or liabilities . management 's determination of the realization of the net deferred tax asset is based upon an evaluation of the four possible sources of taxable income : 1 ) the future reversals of taxable temporary differences ; 2 ) future taxable income , exclusive of reversing temporary differences and carryforwards ; 3 ) taxable income in prior carryback years ; and 4 ) tax-planning strategies . in making a conclusion , management has evaluated the available positive and negative evidence impacting these sources of taxable income . the primary sources of positive and negative evidence impacting taxable income are summarized below : positive evidence history of earnings  the company has a strong history of generating earnings and has demonstrated positive earnings in 17 of the last 20 years . there is sufficient taxable income in tax years 2009 and 2010 to fully absorb the expected 2011 taxable loss . additionally , after carryback of the 2011 loss , the company still has approximately $ 4.2 million in 2010 taxable income to carryback a loss from 2012 if necessary . in addition to the remaining taxable income available in a carryback year , the company has a full 20-year carryforward period for federal tax purposes and eight years for the state of alabama to absorb and use any operating losses triggered as a result of reversing deductible differences , such as loan charge-offs or sales of other real estate . creation of future taxable income  the company has projected future taxable income that will be sufficient to absorb the remaining deferred tax assets after the reversal of future taxable temporary differences . the taxable income forecasting process utilizes the forecasted pre-tax earnings and adjusts for book-tax differences that will be exempt from taxation , primarily tax-exempt interest income and bank-owned life insurance , as well as temporary book-tax differences , including the allowance for loan losses . the projections relied upon for this process are consistent with those used from the company 's financial forecasting process . management believes that the projections resulting from the taxable income forecasting process are sound , however , there can be no assurance that such taxable income will be realized due to unanticipated changes in economic and competitive factors . strong capital position  at december 31 , 2011 , the company had a tier 1 capital ratio of 9.19 % calculated as a percent of 2011 average assets , substantially above the 3.00 % minimum standard to be considered well capitalized per regulatory guidelines . also , the total capital ratio of 14.69 % substantially exceeds the 8.00 % minimum standard to be considered well capitalized . ability to implement tax-planning strategies  the company has the ability to implement tax planning strategies to maximize the realization of deferred tax assets , such as the sale of assets . as an example , at december 31 , 2011 , the company 's portfolio of securities available for sale had $ 4.8 million of gross unrealized pre-tax gains that could accelerate the recognition of the associated taxable temporary differences , which management would consider being a tax planning strategy to maximize the realization of the deferred tax assets that may expire unutilized . the largest losses experienced were in one type of loan  real estate development . of the loan loss provision expensed in 2010 , 65.3 % , or $ 12.5 million , was in the loan category of real estate loans on undeveloped land or residential lots . of the loan loss provision expensed in 2011 , 44.1 % , or $ 8.3 million , was in the category of real estate development loans , raw land or residential lots . impairment of oreo originated from these loans amounted to $ 2.1 million and $ 3.4 million for 2010 and 2011 , respectively . except in unusual circumstances , the company no longer invests in these types of loans and is focused on managing this segment of the loan portfolio aggressively . 29 negative evidence cumulative loss position  the company is currently in a three-year cumulative loss position . excluding the goodwill impairment in 2011 , as this item is nondeductible for income tax purposes , the cumulative continuing operations pre-tax loss position for 2009 through 2011 is $ 11.1 million . the cumulative loss primarily has resulted from the unprecedented provision for loan losses of $ 47.0 million during these periods , which management believes will continue to be reduced in future periods . during 2011 , the provision for loan losses decreased $ 0.3 million to $ 18.8 million , as compared to the provision for loan losses of $ 19.1 million in 2010. the company believes that the positive evidence , when considered in its entirety , outweighs the negative evidence of recent pre-tax losses . see note 2 summary of significant accounting policies and note 12 income taxes to the consolidated financial statements for additional information about income taxes . loans and allowance for loan losses total loans outstanding net of unearned interest decreased by $ 5.0 million in 2011 , with a loan portfolio totaling $ 403.4 million as of december 31 , 2011. total loans at the bank declined 0.7 % to $ 321.7 million in 2011 , representing 79.7 % of the company 's loans . loans at alc declined

liquidity and interest rate sensitivity management the primary functions of asset and liability management are to ( 1 ) assure adequate liquidity , ( 2 ) maintain an appropriate balance between interest-sensitive assets and interest-sensitive liabilities , ( 3 ) maximize the profit of the bank and ( 4 ) reduce risks to the bank 's capital . liquidity management involves the ability to meet day-to-day cash flow requirements of the bank 's customers , whether they are depositors wishing to withdraw funds or borrowers requiring funds to meet their credit needs . without proper liquidity management , the bank would not be able to perform a primary function under its role as a financial intermediary and would not be able to meet the needs of the communities that it serves . interest rate risk management focuses on the maturity structure and repricing characteristics of its assets and liabilities when changes occur in market interest rates . effective interest rate sensitivity management ensures that both assets and liabilities respond to changes in interest rates within an acceptable time frame , thereby minimizing the effect of such interest rate movements on short- and long-term net interest margin and net interest income . the asset portion of the balance sheet provides liquidity primarily from two sources . these are principal payments and maturities of loans and maturities and principal payments from the investment portfolio . other short-term investments , such as federal funds sold , are additional sources of liquidity . loans maturing or repricing in one year or less amounted to $ 172.3 million at december 31 , 2011. investment securities forecasted to mature or reprice over the twelve months ending december 31 , 2012 are estimated to be more than $ 7.5 million , or about 6.0 % , of the investment portfolio as of december 31 , 2011. for comparison , principal payments on investment securities totaled $ 39.7 million in 2011. although the majority of the securities portfolio has legal final maturities longer than 10 years , a substantial percentage of the portfolio provides monthly principal and interest payments and consists of securities that are readily marketable and easily convertible into cash on short notice .


 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 and interest rate sensitivity management the primary functions of asset and liability management are to ( 1 ) assure adequate liquidity , ( 2 ) maintain an appropriate balance between interest-sensitive assets and interest-sensitive liabilities , ( 3 ) maximize the profit of the bank and ( 4 ) reduce risks to the bank 's capital . liquidity management involves the ability to meet day-to-day cash flow requirements of the bank 's customers , whether they are depositors wishing to withdraw funds or borrowers requiring funds to meet their credit needs . without proper liquidity management , the bank would not be able to perform a primary function under its role as a financial intermediary and would not be able to meet the needs of the communities that it serves . interest rate risk management focuses on the maturity structure and repricing characteristics of its assets and liabilities when changes occur in market interest rates . effective interest rate sensitivity management ensures that both assets and liabilities respond to changes in interest rates within an acceptable time frame , thereby minimizing the effect of such interest rate movements on short- and long-term net interest margin and net interest income . the asset portion of the balance sheet provides liquidity primarily from two sources . these are principal payments and maturities of loans and maturities and principal payments from the investment portfolio . other short-term investments , such as federal funds sold , are additional sources of liquidity . loans maturing or repricing in one year or less amounted to $ 172.3 million at december 31 , 2011. investment securities forecasted to mature or reprice over the twelve months ending december 31 , 2012 are estimated to be more than $ 7.5 million , or about 6.0 % , of the investment portfolio as of december 31 , 2011. for comparison , principal payments on investment securities totaled $ 39.7 million in 2011. although the majority of the securities portfolio has legal final maturities longer than 10 years , a substantial percentage of the portfolio provides monthly principal and interest payments and consists of securities that are readily marketable and easily convertible into cash on short notice .
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 Suspicious Activity Report : brokers and dealers , investment companies and finance companies , and attendant changes in patterns and effects of competition in the financial services industry ; 4. the ability of bancshares to achieve its expected operating results in the markets in which bancshares operates and bancshares ' ability to expand into new markets and to maintain profit margins ; and 5. since 2008 , the residential and commercial mortgage market in the united states has experienced a variety of worsening economic conditions that have adversely affected and may continue to adversely affect the performance and market value of our residential and commercial mortgage loans . across the united states , delinquencies , foreclosures and losses with respect to residential and commercial mortgage loans generally have increased during the last four years and may continue to increase . in addition , since 2008 , prices and appraisal values have declined . it is possible that values may remain stagnant or decline in the near term . an extended period of flat or declining values may result in increased delinquencies , losses on residential and commercial mortgage loans and reduced value of collateral that secure real estate loans . in addition , bancshares ' business is subject to a number of general and market risks that would affect any forward-looking statements , including the risks discussed in item 1a of this annual report . the words believe ,  expect ,  anticipate ,  project and similar expressions signify forward-looking statements . readers are cautioned not to place undue reliance on any forward-looking statements made by or on behalf of bancshares . any such statements speak only as of the date such statements were made , and bancshares undertakes no obligation to update or revise any forward-looking statements . 19 restatement of 2010 financial statements the amendment no . 1 to the annual report on form 10-k ( the form 10-k/a ) for 2010 was required due to material misstatements identified within the consolidated financial statements included in the initial form 10-k filed on march 14 , 2011 resulting from the company 's estimate of the allowance for loan losses related to valuation assessments of impaired loans . the company restated certain amounts in the consolidated financial statements to correct errors in previously reported amounts . the effect of this change in the consolidated financial statements was as follows ( in thousands , except per share amounts ) : replace_table_token_3_th the form 10-k/a included changes to item 9a  controls and procedures and reflected management 's restated assessment of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) and 15d-15 ( e ) under the exchange act ) as of december 31 , 2010. this restatement of management 's assessment regarding disclosure controls and procedures resulted from the identification of a material weakness in internal control over financial reporting . as a result of the need to restate the 2010 consolidated financials , management reassessed the effectiveness of the company 's internal control over financial reporting and concluded that , as of december 31 , 2010 , there was a material weakness in the company 's internal control over financial reporting . the weakness primarily related to the receipt of new appraisals or other valuation information on collateral securing impaired loans not being evaluated in a timely manner and recorded in the proper period . the 2010 form 10-k/a included changes to management 's report on internal control over financial reporting in item 8  financial statements and supplementary data that reflected management 's reassessment of the effectiveness of the company 's internal control over financial reporting as of december 31 , 2010. the company implemented changes in internal controls as of the date of the report to address the material weakness . however , we believed that additional time and testing would be necessary before concluding that the identified material weakness would be remediated . 20 critical accounting estimates the preparation of the company 's consolidated financial statements requires management to make subjective judgments associated with estimates . these estimates are necessary to comply with accounting principles generally accepted in the united states of america and general banking practices . these areas include accounting for the allowance for loan losses , other real estate owned and deferred income taxes . allowance for loan losses the company maintains the allowance for loan losses at a level deemed adequate by management to absorb probable losses from loans in the portfolio . in determining the adequacy of the allowance for loan losses , management considers numerous factors , including , but not limited to , management 's estimate of : ( a ) future economic conditions , ( b ) the financial condition and liquidity of certain loan customers and ( c ) collateral values of property securing certain loans . because these factors and others involve the use of management 's estimation and judgment , the allowance for loan losses is inherently subject to adjustment at future dates . unfavorable changes in the factors used by management to determine the adequacy of the allowance , including increased loan delinquencies and subsequent charge-offs , or the availability of new information , could require additional provisions , in excess of normal provisions , to the allowance for loan losses in future periods . there can be no assurance that loan losses in future periods will not exceed the allowance for loan losses or that additions to the allowances will not be required . other real estate owned other real estate owned ( oreo ) that consists of properties obtained through foreclosure or in satisfaction of loans is reported at the lower of cost or fair value , less estimated costs to sell at the date acquired , with any loss recognized as a charge-off through the allowance for loan losses . story_separator_special_tag 28 provision for income taxes a net operating loss before tax generated a tax benefit of $ 6.0 million for 2011 , compared to a tax benefit of $ 3.0 million in 2010. the calculation of the income tax provision requires the use of estimates and judgments of management . as part of the company 's overall business strategy , management must take into account tax laws and regulations that apply to specific tax issues faced by the company in each year . this analysis includes an evaluation of the amount and timing of the realization of income tax assets or liabilities . management 's determination of the realization of the net deferred tax asset is based upon an evaluation of the four possible sources of taxable income : 1 ) the future reversals of taxable temporary differences ; 2 ) future taxable income , exclusive of reversing temporary differences and carryforwards ; 3 ) taxable income in prior carryback years ; and 4 ) tax-planning strategies . in making a conclusion , management has evaluated the available positive and negative evidence impacting these sources of taxable income . the primary sources of positive and negative evidence impacting taxable income are summarized below : positive evidence history of earnings  the company has a strong history of generating earnings and has demonstrated positive earnings in 17 of the last 20 years . there is sufficient taxable income in tax years 2009 and 2010 to fully absorb the expected 2011 taxable loss . additionally , after carryback of the 2011 loss , the company still has approximately $ 4.2 million in 2010 taxable income to carryback a loss from 2012 if necessary . in addition to the remaining taxable income available in a carryback year , the company has a full 20-year carryforward period for federal tax purposes and eight years for the state of alabama to absorb and use any operating losses triggered as a result of reversing deductible differences , such as loan charge-offs or sales of other real estate . creation of future taxable income  the company has projected future taxable income that will be sufficient to absorb the remaining deferred tax assets after the reversal of future taxable temporary differences . the taxable income forecasting process utilizes the forecasted pre-tax earnings and adjusts for book-tax differences that will be exempt from taxation , primarily tax-exempt interest income and bank-owned life insurance , as well as temporary book-tax differences , including the allowance for loan losses . the projections relied upon for this process are consistent with those used from the company 's financial forecasting process . management believes that the projections resulting from the taxable income forecasting process are sound , however , there can be no assurance that such taxable income will be realized due to unanticipated changes in economic and competitive factors . strong capital position  at december 31 , 2011 , the company had a tier 1 capital ratio of 9.19 % calculated as a percent of 2011 average assets , substantially above the 3.00 % minimum standard to be considered well capitalized per regulatory guidelines . also , the total capital ratio of 14.69 % substantially exceeds the 8.00 % minimum standard to be considered well capitalized . ability to implement tax-planning strategies  the company has the ability to implement tax planning strategies to maximize the realization of deferred tax assets , such as the sale of assets . as an example , at december 31 , 2011 , the company 's portfolio of securities available for sale had $ 4.8 million of gross unrealized pre-tax gains that could accelerate the recognition of the associated taxable temporary differences , which management would consider being a tax planning strategy to maximize the realization of the deferred tax assets that may expire unutilized . the largest losses experienced were in one type of loan  real estate development . of the loan loss provision expensed in 2010 , 65.3 % , or $ 12.5 million , was in the loan category of real estate loans on undeveloped land or residential lots . of the loan loss provision expensed in 2011 , 44.1 % , or $ 8.3 million , was in the category of real estate development loans , raw land or residential lots . impairment of oreo originated from these loans amounted to $ 2.1 million and $ 3.4 million for 2010 and 2011 , respectively . except in unusual circumstances , the company no longer invests in these types of loans and is focused on managing this segment of the loan portfolio aggressively . 29 negative evidence cumulative loss position  the company is currently in a three-year cumulative loss position . excluding the goodwill impairment in 2011 , as this item is nondeductible for income tax purposes , the cumulative continuing operations pre-tax loss position for 2009 through 2011 is $ 11.1 million . the cumulative loss primarily has resulted from the unprecedented provision for loan losses of $ 47.0 million during these periods , which management believes will continue to be reduced in future periods . during 2011 , the provision for loan losses decreased $ 0.3 million to $ 18.8 million , as compared to the provision for loan losses of $ 19.1 million in 2010. the company believes that the positive evidence , when considered in its entirety , outweighs the negative evidence of recent pre-tax losses . see note 2 summary of significant accounting policies and note 12 income taxes to the consolidated financial statements for additional information about income taxes . loans and allowance for loan losses total loans outstanding net of unearned interest decreased by $ 5.0 million in 2011 , with a loan portfolio totaling $ 403.4 million as of december 31 , 2011. total loans at the bank declined 0.7 % to $ 321.7 million in 2011 , representing 79.7 % of the company 's loans . loans at alc declined

