due to the subjective nature of this valuation process , it is possible that the actual fair values of these securities could differ from the estimated amounts , thereby affecting united 's financial position , results of operations and cash flows . the potential impact to united 's financial position , results of operations or cash flows for changes in the valuation process can not be reasonably estimated . if the estimated value of investments is less than the cost or amortized cost , the investment is considered impaired and management evaluates whether an event or change in circumstances has occurred that may have a significant adverse effect on the fair value of the investment . if such an event or change has occurred , management must exercise judgment to determine the nature of the potential impairment ( i.e . , temporary or other-than-temporary ) in order to apply the appropriate accounting treatment . if united intends to sell , or is more likely than not they will be required to sell an impaired debt security before recovery of its amortized cost basis less any current period credit loss , other-than-temporary impairment is recognized in earnings . the amount recognized in earnings is equal to the entire difference between the security 's amortized cost basis and its fair value at the balance sheet date . if united does not intend to sell , and is not more likely than not they will be required to sell the impaired debt security prior to recovery of its amortized cost basis less any current-period credit loss , the other-than-temporary impairment is separated into the following : 1 ) the amount representing the credit loss , which is recognized in earnings , and 2 ) the amount related to all other factors , which is recognized in other comprehensive income . for additional information on management 's consideration of investment valuation and other-than-temporary impairment , see note c and note u , notes to consolidated financial statements . accounting for acquired loans loans acquired are initially recorded at their acquisition date fair values . the fair value of the acquired loans are based on the present value of the expected cash flows , including principal , interest and prepayments . periodic principal and interest cash flows are adjusted for expected losses and prepayments , then discounted to determine the present value and summed to arrive at the estimated fair value . fair value estimates involve assumptions and judgments as to credit risk , interest rate risk , prepayment risk , liquidity risk , default rates , loss severity , payment speeds , collateral values and discount rate . acquired loans are divided into loans with evidence of credit quality deterioration , which are accounted for under asc topic 310-30 ( acquired impaired ) and loans that do not meet this criteria , which are accounted for under asc topic 310-20 ( acquired performing ) . acquired impaired loans have experienced a deterioration of credit quality from origination to acquisition for which it is probable that united will be unable to collect all contractually required payments receivable , including both principal and interest . in the assessment of credit quality , numerous assumptions , interpretations and judgments must be made , based on internal and third-party credit quality information and ultimately the determination as to the probability that all contractual cash flows will not be able to be collected . this is a point in time assessment and inherently subjective due to the nature of the available information and judgment involved . subsequent to the acquisition date , united continues to estimate the amount and timing of cash flows expected to be collected on acquired impaired loans . increases in expected cash flows will generally result in a recovery of any previously recorded allowance for loan losses , to the extent applicable , and or a reclassification from the nonaccretable difference to accretable yield , which will be recognized prospectively . the present value of any decreases in expected cash flows after the acquisition date will generally result in an impairment charge recorded as a provision for loan losses , resulting in an increase to the allowance for loan losses . 34 for acquired performing loans , the difference between the acquisition date fair value and the contractual amounts due at the acquisition date represents the fair value adjustment . fair value adjustments may be discounts ( or premiums ) to a loan 's cost basis and are accreted ( or amortized ) to interest income over the loan 's remaining life using the level yield method . subsequent to the acquisition date , the methods utilized to estimate the required allowance for loan losses for these loans is similar to originated loans . see note b and d , notes to consolidated financial statements for additional information regarding united 's acquired loans disclosures . income taxes united 's calculation of income tax provision is inherently complex due to the various different tax laws and jurisdictions in which we operate and requires management 's use of estimates and judgments in its determination . the current income tax liability also includes income tax expense related to our uncertain tax positions as required in asc topic 740 , income taxes. changes to the estimated accrued taxes can occur due to changes in tax rates , implementation of new business strategies , resolution of issues with taxing authorities and recently enacted statutory , judicial and regulatory guidance . these changes can be material to the company 's operating results for any particular reporting period . the analysis of the income tax provision requires the assessments of the relative risks and merits of the appropriate tax treatment of transactions , filing positions , filing methods and taxable income calculations after considering statutes , regulations , judicial precedent and other information . story_separator_special_tag the company defines excess subordination as all outstanding collateral less the sum of ( i ) 100 % of the defaulted collateral , ( ii ) the sum of the projected net loss amounts for each piece of the deferring but not defaulted collateral and ( iii ) the amount of each trup cdo 's debt that is either senior to or pari passu with our security 's priority level . the calculation of excess subordination in the above table does not consider the otti the company has recognized on these securities . while the ratio of excess subordination provides some insight on overall collateralization levels , the company completes an expected cash flow analysis each quarter to determine whether an adverse change in future cash flows has occurred under asc 320. the standard specifies that a cash flow projection can be present-valued at the security specific effective interest rate and the resulting present value compared to the amortized cost in order to quantify the credit component of impairment . the company utilizes the cash flow models to determine the net realizable value and assess whether additional otti has occurred . the ratio of excess subordination represents only one component of the projected cash flow . the company believes the excess subordination ratio is limited as it does not consider the following : waterfall structure and redirection of cash flows excess interest spread cash reserves the collateral backing of a particular tranche can be increased by decreasing the more senior liabilities of the trup cdo tranche . this occurs when collateral deterioration due to defaults and deferrals triggers alternative waterfall provisions of the cash flow . the waterfall structure of the bond requires the excess spread to be rerouted away from the most junior classes of debt ( which includes the income notes ) in order to pay down the principal of the most senior liabilities . as these senior liabilities are paid down , the senior and mezzanine tranches become better secured ( due to the rerouting away from the income notes ) . therefore , variances will exist between the calculated excess subordination measure and the amount of otti recognized due to the impact of the specific structural features of each bond as it relates to the cash flow models . the following is a summary of available for sale single-issue trust preferred securities with at least one rating below investment grade as of december 31 , 2014 : replace_table_token_9_th additionally , the company owns two single-issue trust preferred securities that are classified as held-to-maturity and include at least one rating below investment grade . these securities include suntrust bank ( $ 7.40 million ) and royal bank of scotland ( $ 973 thousand ) . 39 during 2014 , united recognized net other-than-temporary impairment charges totaling $ 6.48 million on certain trup cdos , which are not expected to be sold . other than these securities , management does not believe that any other individual security with an unrealized loss as of december 31 , 2014 is other-than-temporarily impaired . united believes the decline in value resulted from changes in market interest rates , credit spreads and liquidity , not an adverse change in the expected contractual cash flows . based on a review of each of the securities in the investment portfolio , management concluded that it was not probable that it would be unable to realize the cost basis investment and appropriate interest payments on such securities . united has the intent and the ability to hold these securities until such time as the value recovers or the securities mature . however , united acknowledges that any impaired securities may be sold in future periods in response to significant , unanticipated changes in asset/liability management decisions , unanticipated future market movements or business plan changes . further information regarding the amortized cost and estimated fair value of investment securities , including remaining maturities as well as a more detailed discussion of management 's other-than-temporary impairment analysis , is presented in note c , notes to consolidated financial statements . loans loans held for sale increased $ 4.44 million or 104.91 % as loan originations in the secondary market exceeded loan sales during the year of 2014. portfolio loans , net of unearned income , increased $ 2.40 billion or 35.80 % from year-end 2013 mainly as a result of the virginia commerce acquisition which added $ 2.01 billion , including purchase accounting amounts , in portfolio loans . since year-end 2013 , commercial , financial and agricultural loans increased $ 1.44 billion or 36.89 % as commercial real estate loans increased $ 1.20 billion and commercial loans ( not secured by real estate ) increased $ 239.08 million . in addition , residential real estate loans and construction and land development loans increased $ 441.98 million or 24.27 % and $ 462.89 million or 69.05 % , respectively , while other consumer loans increased $ 58.14 million or 18.71 % . the increases were due primarily to the virginia commerce acquisition . otherwise , portfolio loans , net of unearned income , grew organically $ 395.64 million from year-end 2013. a summary of loans outstanding is as follows : replace_table_token_10_th the following table shows the maturity of commercial , financial , and agricultural loans and real estate construction and land development loans as of december 31 , 2014 : replace_table_token_11_th 40 at december 31 , 2014 , commercial , financial and agricultural loans and real estate construction and land development loans by maturity are as follows : replace_table_token_12_th more information relating to loans is presented in note d , notes to consolidated financial statements . other assets other assets increased $ 79.62 million or 24.68 % from year-end 2013. the virginia commerce acquisition added $ 104.59 million in other assets plus an additional $ 17.14 million in core deposit intangibles . the cash surrender value of bank-owned life insurance policies increased $ 40.12 million .

capital resources united 's capital position is financially sound . united seeks to maintain a proper relationship between capital and total assets to support growth and sustain earnings . united has historically generated attractive returns on shareholders ' equity . based on regulatory requirements , united and its banking subsidiaries are categorized as well capitalized institutions . united 's risk-based capital ratios of 13.15 % at december 31 , 2014 and 13.71 % at december 31 , 2013 , were both significantly higher than the minimum regulatory requirements . united 's tier i capital and leverage ratios of 12.26 % and 10.31 % , respectively , at december 31 , 2014 , are also well above minimum regulatory requirements . see note u , notes to consolidated financial statements . total shareholders ' equity was $ 1.66 billion at december 31 , 2014 , increasing $ 614.43 million or 58.98 % from december 31 , 2013 primarily due to the virginia commerce acquisition and the retention of earnings . united 's equity to assets ratio was 13.43 % at december 31 , 2014 as compared to 11.93 % at december 31 , 2013. the primary capital ratio , capital and reserves to total assets and reserves , was 13.97 % at december 31 , 2014 as compared to 12.69 % at december 31 , 2013. united 's average equity to average asset ratio was 13.71 % and 12.07 % for the years ended december 31 , 2014 and 2013 , respectively . all these financial measurements reflect a financially sound position . during the fourth quarter of 2014 , united 's board of directors declared a cash dividend of $ 0.32 per share . dividends per share of $ 1.28 for the year of 2014 represented an increase over the $ 1.25 per share paid for 2013. total cash dividends declared to common shareholders were approximately $ 88.52 million for the year of 2014 as compared to $ 62.98 million for the year of 2013. the year 2014 was the forty-first consecutive year of dividend increases to united shareholders .


 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 united 's capital position is financially sound . united seeks to maintain a proper relationship between capital and total assets to support growth and sustain earnings . united has historically generated attractive returns on shareholders ' equity . based on regulatory requirements , united and its banking subsidiaries are categorized as well capitalized institutions . united 's risk-based capital ratios of 13.15 % at december 31 , 2014 and 13.71 % at december 31 , 2013 , were both significantly higher than the minimum regulatory requirements . united 's tier i capital and leverage ratios of 12.26 % and 10.31 % , respectively , at december 31 , 2014 , are also well above minimum regulatory requirements . see note u , notes to consolidated financial statements . total shareholders ' equity was $ 1.66 billion at december 31 , 2014 , increasing $ 614.43 million or 58.98 % from december 31 , 2013 primarily due to the virginia commerce acquisition and the retention of earnings . united 's equity to assets ratio was 13.43 % at december 31 , 2014 as compared to 11.93 % at december 31 , 2013. the primary capital ratio , capital and reserves to total assets and reserves , was 13.97 % at december 31 , 2014 as compared to 12.69 % at december 31 , 2013. united 's average equity to average asset ratio was 13.71 % and 12.07 % for the years ended december 31 , 2014 and 2013 , respectively . all these financial measurements reflect a financially sound position . during the fourth quarter of 2014 , united 's board of directors declared a cash dividend of $ 0.32 per share . dividends per share of $ 1.28 for the year of 2014 represented an increase over the $ 1.25 per share paid for 2013. total cash dividends declared to common shareholders were approximately $ 88.52 million for the year of 2014 as compared to $ 62.98 million for the year of 2013. the year 2014 was the forty-first consecutive year of dividend increases to united shareholders .
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 Suspicious Activity Report : due to the subjective nature of this valuation process , it is possible that the actual fair values of these securities could differ from the estimated amounts , thereby affecting united 's financial position , results of operations and cash flows . the potential impact to united 's financial position , results of operations or cash flows for changes in the valuation process can not be reasonably estimated . if the estimated value of investments is less than the cost or amortized cost , the investment is considered impaired and management evaluates whether an event or change in circumstances has occurred that may have a significant adverse effect on the fair value of the investment . if such an event or change has occurred , management must exercise judgment to determine the nature of the potential impairment ( i.e . , temporary or other-than-temporary ) in order to apply the appropriate accounting treatment . if united intends to sell , or is more likely than not they will be required to sell an impaired debt security before recovery of its amortized cost basis less any current period credit loss , other-than-temporary impairment is recognized in earnings . the amount recognized in earnings is equal to the entire difference between the security 's amortized cost basis and its fair value at the balance sheet date . if united does not intend to sell , and is not more likely than not they will be required to sell the impaired debt security prior to recovery of its amortized cost basis less any current-period credit loss , the other-than-temporary impairment is separated into the following : 1 ) the amount representing the credit loss , which is recognized in earnings , and 2 ) the amount related to all other factors , which is recognized in other comprehensive income . for additional information on management 's consideration of investment valuation and other-than-temporary impairment , see note c and note u , notes to consolidated financial statements . accounting for acquired loans loans acquired are initially recorded at their acquisition date fair values . the fair value of the acquired loans are based on the present value of the expected cash flows , including principal , interest and prepayments . periodic principal and interest cash flows are adjusted for expected losses and prepayments , then discounted to determine the present value and summed to arrive at the estimated fair value . fair value estimates involve assumptions and judgments as to credit risk , interest rate risk , prepayment risk , liquidity risk , default rates , loss severity , payment speeds , collateral values and discount rate . acquired loans are divided into loans with evidence of credit quality deterioration , which are accounted for under asc topic 310-30 ( acquired impaired ) and loans that do not meet this criteria , which are accounted for under asc topic 310-20 ( acquired performing ) . acquired impaired loans have experienced a deterioration of credit quality from origination to acquisition for which it is probable that united will be unable to collect all contractually required payments receivable , including both principal and interest . in the assessment of credit quality , numerous assumptions , interpretations and judgments must be made , based on internal and third-party credit quality information and ultimately the determination as to the probability that all contractual cash flows will not be able to be collected . this is a point in time assessment and inherently subjective due to the nature of the available information and judgment involved . subsequent to the acquisition date , united continues to estimate the amount and timing of cash flows expected to be collected on acquired impaired loans . increases in expected cash flows will generally result in a recovery of any previously recorded allowance for loan losses , to the extent applicable , and or a reclassification from the nonaccretable difference to accretable yield , which will be recognized prospectively . the present value of any decreases in expected cash flows after the acquisition date will generally result in an impairment charge recorded as a provision for loan losses , resulting in an increase to the allowance for loan losses . 34 for acquired performing loans , the difference between the acquisition date fair value and the contractual amounts due at the acquisition date represents the fair value adjustment . fair value adjustments may be discounts ( or premiums ) to a loan 's cost basis and are accreted ( or amortized ) to interest income over the loan 's remaining life using the level yield method . subsequent to the acquisition date , the methods utilized to estimate the required allowance for loan losses for these loans is similar to originated loans . see note b and d , notes to consolidated financial statements for additional information regarding united 's acquired loans disclosures . income taxes united 's calculation of income tax provision is inherently complex due to the various different tax laws and jurisdictions in which we operate and requires management 's use of estimates and judgments in its determination . the current income tax liability also includes income tax expense related to our uncertain tax positions as required in asc topic 740 , income taxes. changes to the estimated accrued taxes can occur due to changes in tax rates , implementation of new business strategies , resolution of issues with taxing authorities and recently enacted statutory , judicial and regulatory guidance . these changes can be material to the company 's operating results for any particular reporting period . the analysis of the income tax provision requires the assessments of the relative risks and merits of the appropriate tax treatment of transactions , filing positions , filing methods and taxable income calculations after considering statutes , regulations , judicial precedent and other information . story_separator_special_tag the company defines excess subordination as all outstanding collateral less the sum of ( i ) 100 % of the defaulted collateral , ( ii ) the sum of the projected net loss amounts for each piece of the deferring but not defaulted collateral and ( iii ) the amount of each trup cdo 's debt that is either senior to or pari passu with our security 's priority level . the calculation of excess subordination in the above table does not consider the otti the company has recognized on these securities . while the ratio of excess subordination provides some insight on overall collateralization levels , the company completes an expected cash flow analysis each quarter to determine whether an adverse change in future cash flows has occurred under asc 320. the standard specifies that a cash flow projection can be present-valued at the security specific effective interest rate and the resulting present value compared to the amortized cost in order to quantify the credit component of impairment . the company utilizes the cash flow models to determine the net realizable value and assess whether additional otti has occurred . the ratio of excess subordination represents only one component of the projected cash flow . the company believes the excess subordination ratio is limited as it does not consider the following : waterfall structure and redirection of cash flows excess interest spread cash reserves the collateral backing of a particular tranche can be increased by decreasing the more senior liabilities of the trup cdo tranche . this occurs when collateral deterioration due to defaults and deferrals triggers alternative waterfall provisions of the cash flow . the waterfall structure of the bond requires the excess spread to be rerouted away from the most junior classes of debt ( which includes the income notes ) in order to pay down the principal of the most senior liabilities . as these senior liabilities are paid down , the senior and mezzanine tranches become better secured ( due to the rerouting away from the income notes ) . therefore , variances will exist between the calculated excess subordination measure and the amount of otti recognized due to the impact of the specific structural features of each bond as it relates to the cash flow models . the following is a summary of available for sale single-issue trust preferred securities with at least one rating below investment grade as of december 31 , 2014 : replace_table_token_9_th additionally , the company owns two single-issue trust preferred securities that are classified as held-to-maturity and include at least one rating below investment grade . these securities include suntrust bank ( $ 7.40 million ) and royal bank of scotland ( $ 973 thousand ) . 39 during 2014 , united recognized net other-than-temporary impairment charges totaling $ 6.48 million on certain trup cdos , which are not expected to be sold . other than these securities , management does not believe that any other individual security with an unrealized loss as of december 31 , 2014 is other-than-temporarily impaired . united believes the decline in value resulted from changes in market interest rates , credit spreads and liquidity , not an adverse change in the expected contractual cash flows . based on a review of each of the securities in the investment portfolio , management concluded that it was not probable that it would be unable to realize the cost basis investment and appropriate interest payments on such securities . united has the intent and the ability to hold these securities until such time as the value recovers or the securities mature . however , united acknowledges that any impaired securities may be sold in future periods in response to significant , unanticipated changes in asset/liability management decisions , unanticipated future market movements or business plan changes . further information regarding the amortized cost and estimated fair value of investment securities , including remaining maturities as well as a more detailed discussion of management 's other-than-temporary impairment analysis , is presented in note c , notes to consolidated financial statements . loans loans held for sale increased $ 4.44 million or 104.91 % as loan originations in the secondary market exceeded loan sales during the year of 2014. portfolio loans , net of unearned income , increased $ 2.40 billion or 35.80 % from year-end 2013 mainly as a result of the virginia commerce acquisition which added $ 2.01 billion , including purchase accounting amounts , in portfolio loans . since year-end 2013 , commercial , financial and agricultural loans increased $ 1.44 billion or 36.89 % as commercial real estate loans increased $ 1.20 billion and commercial loans ( not secured by real estate ) increased $ 239.08 million . in addition , residential real estate loans and construction and land development loans increased $ 441.98 million or 24.27 % and $ 462.89 million or 69.05 % , respectively , while other consumer loans increased $ 58.14 million or 18.71 % . the increases were due primarily to the virginia commerce acquisition . otherwise , portfolio loans , net of unearned income , grew organically $ 395.64 million from year-end 2013. a summary of loans outstanding is as follows : replace_table_token_10_th the following table shows the maturity of commercial , financial , and agricultural loans and real estate construction and land development loans as of december 31 , 2014 : replace_table_token_11_th 40 at december 31 , 2014 , commercial , financial and agricultural loans and real estate construction and land development loans by maturity are as follows : replace_table_token_12_th more information relating to loans is presented in note d , notes to consolidated financial statements . other assets other assets increased $ 79.62 million or 24.68 % from year-end 2013. the virginia commerce acquisition added $ 104.59 million in other assets plus an additional $ 17.14 million in core deposit intangibles . the cash surrender value of bank-owned life insurance policies increased $ 40.12 million .

