2,554 1.85 2,306 2.23 9,607 2.07 14,576 2.05 privately-issued cmo – – – – – – 2,001 8.40 2,001 8.40 privately-issued abs – – – – – – 3,448 15.22 3,448 15.22 sba certificates – – – – 912 2.35 – – 912 2.35 municipal 1,096 6.25 13,976 4.11 27,634 4.98 77,720 4.71 120,426 4.72 total $ 1,205 5.84 % $ 24,290 3.16 % $ 41,136 4.02 % $ 111,468 4.59 % $ 178,099 4.27 % securities held to maturity : agency mortgage-backed securities $ – – % $ – – % $ – – % $ 179 4.66 % $ 179 4.66 % municipal 227 6.82 995 6.87 1,028 6.88 449 6.63 2,699 6.83 total $ 227 6.82 % $ 995 6.87 % $ 1,028 6.88 % $ 628 6.06 % $ 2,878 6.69 % as of september 30 , 2017 , we did not own any investment securities of a single issuer that had an aggregate book value in excess of 10 % of the company 's stockholders ' equity at that date , other than securities and obligations issued by u.s. government agencies and sponsored enterprises . deposits . deposit accounts , generally obtained from individuals and businesses throughout our primary market area , are our primary source of funds for lending and investments . our deposit accounts are comprised of noninterest-bearing accounts , interest-bearing savings , checking and money market accounts and time deposits . deposits increased $ 89.9 million from $ 579.5 million at september 30 , 2016 to $ 669.4 million at september 30 , 2017. the bank recognized increases in time deposits of $ 20.7 million , interest-bearing checking accounts of $ 36.3 million , noninterest-bearing checking accounts of $ 16.4 million , money market deposit accounts of $ 10.1 million and savings accounts of $ 6.4 million when comparing the two years . brokered certificates of deposit totaled $ 106.9 million at september 30 , 2017 compared to $ 81.5 million at september 30 , 2016. we have continued to promote relationship oriented deposit accounts but at times also utilize brokered certificates of deposit as a lower cost alternative to retail time deposits . in addition , we have continued to develop and promote cash management services including sweep accounts and remote deposit capture in order to increase the level of commercial deposit accounts . we believe that the development and promotion of these products has made us more competitive in attracting commercial deposits during recent periods . 39 the following table sets forth the balances of our deposit accounts at the dates indicated . replace_table_token_11_th the following table indicates the amount of jumbo certificates of deposit by time remaining until maturity as of september 30 , 2017. jumbo certificates of deposit require minimum deposits of $ 100,000 . ( in thousands ) amount three months or less $ 5,512 over three through six months 4,677 over six through twelve months 10,462 over twelve months 21,571 total $ 42,222 borrowings . we use borrowings from the fhlb consisting of advances and borrowings under a line of credit arrangement to supplement our supply of funds for loans and investments . we also utilize retail repurchase agreements as a source of borrowings . the following table sets forth certain information regarding the bank 's use of fhlb borrowings . replace_table_token_12_th the outstanding balance of borrowings from the fhlb decreased $ 3.5 million , from $ 121.6 million at september 30 , 2016 to $ 118.1 million at september 30 , 2017. fhlb borrowings are primarily used to fund loan demand and to purchase available for sale securities . the following table sets forth certain information regarding the bank 's use of borrowings under retail repurchase agreements . replace_table_token_13_th stockholders ' equity . stockholders ' equity increased $ 6.5 million , from $ 86.6 million at september 30 , 2016 to $ 93.1 million at september 30 , 2017. the increase is due to an increase in retained net income of $ 8.1 million during the year ended september 30 , 2017 . 40 results of operations for the years ended september 30 , 2017 , 2016 and 2015 overview . the company reported net income and net income available to common shareholders of $ 9.3 million ( $ 3.97 per common share diluted ) for the year ended september 30 , 2017 , compared to net income of $ 7.9 million and net income available to common shareholders of $ 7.8 million ( $ 3.41 per common share diluted ) for the year ended september 30 , 2016. the increase in net income and net income available to common shareholders was due to increases in net interest income of $ 4.2 million and noninterest income of $ 5.3 million offset by increases in provision for loan losses of $ 664,000 , noninterest expense of $ 2.5 million , and income tax expense of $ 4.8 million . net income and net income available to common shareholders increased to $ 7.9 million and $ 7.8 million ( $ 3.41 per common share diluted ) for the year ended september 30 , 2016 , respectively , compared to net income of $ 6.8 million and net income available to common shareholders of $ 6.6 million ( $ 2.93 per common share diluted ) for the year ended september 30 , 2015. during the year ended september 30 , 2016 , the company recognized a $ 4.7 million historic structure rehabilitation tax credit related to its equity investment in a community-based economic development ( “ cbed ” ) project , which resulted in a net tax benefit of $ 2.3 million for the year . story_separator_special_tag it is management 's assessment that the allowance for loan losses at september 30 , 2017 was adequate and appropriately reflected the probable incurred losses in the bank 's loan portfolio at that date . 44 noninterest income . noninterest income increased $ 5.4 million , or 155.8 % , from $ 3.4 million for the year ended september 30 , 2016 to $ 8.6 million for the year ended september 30 , 2017. the increase was due primarily to a $ 4.2 million impairment loss on a historic tax credit investment during the year ended september 30 , 2016 compared to a $ 226,000 loss in 2017 , as well as an increase in net gain on sales of loans guaranteed by the sba of $ 3.5 million . the total net gain on sales of loans guaranteed by the sba was $ 4.2 million for the year ended september 30 , 2017 as compared to $ 715,000 for the year ended september 30 , 2016. the aforementioned increases in noninterest income were offset by decreases in the net gain on sale of real estate development and net gain on trading account securities of $ 1.9 million and $ 548,000 , respectively . the decrease in the net gain on sale of real estate development is due to the sale of the company 's commercial real estate development in september 2016. the net gain on trading account securities was $ 200,000 for the year ended september 30 , 2017 as compared to $ 748,000 for the year ended september 30 , 2016. in 2016 , noninterest income decreased $ 2.6 million , or 43.6 % , from $ 6.0 million for the year ended september 30 , 2015 to $ 3.4 million for the year ended september 30 , 2016. the decrease was due primarily to the aforementioned $ 4.2 million impairment loss on the cbed project investment in 2016 , a $ 105,000 decrease in service charges on deposit accounts , a $ 139,000 decrease in real estate lease income and an $ 831,000 gain on life insurance policies in 2015 , which more than offset increases in net gain on sale of premises and equipment , net gain on sale of real estate development , net gain on sale of loans , and net gain on trading account securities of $ 168,000 , $ 1.9 million , $ 321,000 and $ 308,000 , respectively . the increases in net gain on sale of premises and equipment and net gain on sale of real estate development are due primarily to the aforementioned $ 2.0 million gain on sale of wesley commons in september 2016. the increase in net gain on sale of loans is due primarily to the sale of loans guaranteed by the sba . noninterest expense . noninterest expenses increased $ 2.6 million , or 11.2 % , from $ 22.4 million for the year ended september 30 , 2016 to $ 25.0 million for the year ended september 30 , 2017. the increase was due primarily to an increase in compensation and benefits of $ 2.2 million , which more than offset a decrease in data processing of $ 230,000. the increase in compensation and benefits was attributable to the addition of new employees to support the company 's sba lending activities as well as normal salary and benefits increases . the decrease in data processing was primarily due to new contracts signed in 2017 , which resulted in a decrease in monthly processing fees . in 2016 , noninterest expenses increased $ 1.4 million , or 6.8 % , from $ 21.0 million for the year ended september 30 , 2015 to $ 22.4 million for the year ended september 30 , 2016. the increase was due primarily to increases in compensation and benefits and data processing expenses of $ 1.0 million and $ 197,000 , respectively . the increase in compensation and benefits expense is due primarily to increased staffing as a result of the company 's enhanced focus on its sba lending activities , and normal salary , wage and benefits increases , which more than offset a decrease in esop compensation expense . the esop loan was repaid in full during the quarter ended december 31 , 2015 and , as a result , no esop compensation expense was recognized during the remainder of the 2016 fiscal year . the increase in data processing expense is due primarily to the replacement of customer magnetic strip debit cards with emv chip debit cards and data processing expense related to sba lending activities . income tax expense . the company recognized an income tax expense of $ 2.5 million for the year ended september 30 , 2017 , compared to income tax benefit of $ 2.3 million for the year ended september 30 , 2016 and income tax expense of $ 1.6 million for the year ended september 30 , 2015. the effective tax rate was 21.3 % and 18.9 % , for the years ended september 30 , 2017 and 2015 , respectively . the tax benefit for 2016 was due to the aforementioned recognition of the $ 4.7 million tax credit as a result of the cbed project investment . 45 risk management overview . managing risk is essential to successfully managing a financial institution . our most prominent risk exposures are credit risk , interest rate risk and market risk . credit risk is the risk of not collecting the interest and or the principal balance of a loan or investment when it is due . interest rate risk is the potential reduction of interest income as a result of changes in interest rates . market risk arises from fluctuations in interest rates that may result in changes in the values of financial instruments , such as available-for-sale securities that are accounted for on a mark-to-market basis . other risks that we face are operational risks , liquidity risks and

cash and cash equivalents . at september 30 , 2017 and 2016 , cash and cash equivalents totaled $ 34.3 million and $ 29.3 million , respectively . the bank is required to maintain reserve balances on hand and with the federal reserve bank , which are unavailable for investment but interest-bearing . loans . our primary lending activity is the origination of loans secured by real estate . we originate one to four family mortgage loans , multifamily loans , commercial real estate loans , commercial business loans and construction loans . to a lesser extent , we originate various consumer loans including home equity lines of credit . 34 at september 30 , 2017 , residential mortgage loans totaled $ 171.9 million , or 27.7 % of total loans , compared to $ 178.4 million , or 32.2 % of total loans at september 30 , 2016. total residential mortgage loan balances decreased in 2017 primarily due to repayments and refinancings that were sold in the secondary market . we generally originate loans for investment purposes , although , depending on the interest rate environment , we typically sell 25-year and 30-year fixed rate residential mortgage loans that we originate into the secondary market in order to limit exposure to interest rate risk and to earn noninterest income . management intends to continue offering short-term adjustable rate residential mortgage loans and generally sell long-term fixed rate mortgage loans in the secondary market with servicing released .


 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.
     ```cash and cash equivalents . at september 30 , 2017 and 2016 , cash and cash equivalents totaled $ 34.3 million and $ 29.3 million , respectively . the bank is required to maintain reserve balances on hand and with the federal reserve bank , which are unavailable for investment but interest-bearing . loans . our primary lending activity is the origination of loans secured by real estate . we originate one to four family mortgage loans , multifamily loans , commercial real estate loans , commercial business loans and construction loans . to a lesser extent , we originate various consumer loans including home equity lines of credit . 34 at september 30 , 2017 , residential mortgage loans totaled $ 171.9 million , or 27.7 % of total loans , compared to $ 178.4 million , or 32.2 % of total loans at september 30 , 2016. total residential mortgage loan balances decreased in 2017 primarily due to repayments and refinancings that were sold in the secondary market . we generally originate loans for investment purposes , although , depending on the interest rate environment , we typically sell 25-year and 30-year fixed rate residential mortgage loans that we originate into the secondary market in order to limit exposure to interest rate risk and to earn noninterest income . management intends to continue offering short-term adjustable rate residential mortgage loans and generally sell long-term fixed rate mortgage loans in the secondary market with servicing released .
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 Suspicious Activity Report : 2,554 1.85 2,306 2.23 9,607 2.07 14,576 2.05 privately-issued cmo – – – – – – 2,001 8.40 2,001 8.40 privately-issued abs – – – – – – 3,448 15.22 3,448 15.22 sba certificates – – – – 912 2.35 – – 912 2.35 municipal 1,096 6.25 13,976 4.11 27,634 4.98 77,720 4.71 120,426 4.72 total $ 1,205 5.84 % $ 24,290 3.16 % $ 41,136 4.02 % $ 111,468 4.59 % $ 178,099 4.27 % securities held to maturity : agency mortgage-backed securities $ – – % $ – – % $ – – % $ 179 4.66 % $ 179 4.66 % municipal 227 6.82 995 6.87 1,028 6.88 449 6.63 2,699 6.83 total $ 227 6.82 % $ 995 6.87 % $ 1,028 6.88 % $ 628 6.06 % $ 2,878 6.69 % as of september 30 , 2017 , we did not own any investment securities of a single issuer that had an aggregate book value in excess of 10 % of the company 's stockholders ' equity at that date , other than securities and obligations issued by u.s. government agencies and sponsored enterprises . deposits . deposit accounts , generally obtained from individuals and businesses throughout our primary market area , are our primary source of funds for lending and investments . our deposit accounts are comprised of noninterest-bearing accounts , interest-bearing savings , checking and money market accounts and time deposits . deposits increased $ 89.9 million from $ 579.5 million at september 30 , 2016 to $ 669.4 million at september 30 , 2017. the bank recognized increases in time deposits of $ 20.7 million , interest-bearing checking accounts of $ 36.3 million , noninterest-bearing checking accounts of $ 16.4 million , money market deposit accounts of $ 10.1 million and savings accounts of $ 6.4 million when comparing the two years . brokered certificates of deposit totaled $ 106.9 million at september 30 , 2017 compared to $ 81.5 million at september 30 , 2016. we have continued to promote relationship oriented deposit accounts but at times also utilize brokered certificates of deposit as a lower cost alternative to retail time deposits . in addition , we have continued to develop and promote cash management services including sweep accounts and remote deposit capture in order to increase the level of commercial deposit accounts . we believe that the development and promotion of these products has made us more competitive in attracting commercial deposits during recent periods . 39 the following table sets forth the balances of our deposit accounts at the dates indicated . replace_table_token_11_th the following table indicates the amount of jumbo certificates of deposit by time remaining until maturity as of september 30 , 2017. jumbo certificates of deposit require minimum deposits of $ 100,000 . ( in thousands ) amount three months or less $ 5,512 over three through six months 4,677 over six through twelve months 10,462 over twelve months 21,571 total $ 42,222 borrowings . we use borrowings from the fhlb consisting of advances and borrowings under a line of credit arrangement to supplement our supply of funds for loans and investments . we also utilize retail repurchase agreements as a source of borrowings . the following table sets forth certain information regarding the bank 's use of fhlb borrowings . replace_table_token_12_th the outstanding balance of borrowings from the fhlb decreased $ 3.5 million , from $ 121.6 million at september 30 , 2016 to $ 118.1 million at september 30 , 2017. fhlb borrowings are primarily used to fund loan demand and to purchase available for sale securities . the following table sets forth certain information regarding the bank 's use of borrowings under retail repurchase agreements . replace_table_token_13_th stockholders ' equity . stockholders ' equity increased $ 6.5 million , from $ 86.6 million at september 30 , 2016 to $ 93.1 million at september 30 , 2017. the increase is due to an increase in retained net income of $ 8.1 million during the year ended september 30 , 2017 . 40 results of operations for the years ended september 30 , 2017 , 2016 and 2015 overview . the company reported net income and net income available to common shareholders of $ 9.3 million ( $ 3.97 per common share diluted ) for the year ended september 30 , 2017 , compared to net income of $ 7.9 million and net income available to common shareholders of $ 7.8 million ( $ 3.41 per common share diluted ) for the year ended september 30 , 2016. the increase in net income and net income available to common shareholders was due to increases in net interest income of $ 4.2 million and noninterest income of $ 5.3 million offset by increases in provision for loan losses of $ 664,000 , noninterest expense of $ 2.5 million , and income tax expense of $ 4.8 million . net income and net income available to common shareholders increased to $ 7.9 million and $ 7.8 million ( $ 3.41 per common share diluted ) for the year ended september 30 , 2016 , respectively , compared to net income of $ 6.8 million and net income available to common shareholders of $ 6.6 million ( $ 2.93 per common share diluted ) for the year ended september 30 , 2015. during the year ended september 30 , 2016 , the company recognized a $ 4.7 million historic structure rehabilitation tax credit related to its equity investment in a community-based economic development ( “ cbed ” ) project , which resulted in a net tax benefit of $ 2.3 million for the year . story_separator_special_tag it is management 's assessment that the allowance for loan losses at september 30 , 2017 was adequate and appropriately reflected the probable incurred losses in the bank 's loan portfolio at that date . 44 noninterest income . noninterest income increased $ 5.4 million , or 155.8 % , from $ 3.4 million for the year ended september 30 , 2016 to $ 8.6 million for the year ended september 30 , 2017. the increase was due primarily to a $ 4.2 million impairment loss on a historic tax credit investment during the year ended september 30 , 2016 compared to a $ 226,000 loss in 2017 , as well as an increase in net gain on sales of loans guaranteed by the sba of $ 3.5 million . the total net gain on sales of loans guaranteed by the sba was $ 4.2 million for the year ended september 30 , 2017 as compared to $ 715,000 for the year ended september 30 , 2016. the aforementioned increases in noninterest income were offset by decreases in the net gain on sale of real estate development and net gain on trading account securities of $ 1.9 million and $ 548,000 , respectively . the decrease in the net gain on sale of real estate development is due to the sale of the company 's commercial real estate development in september 2016. the net gain on trading account securities was $ 200,000 for the year ended september 30 , 2017 as compared to $ 748,000 for the year ended september 30 , 2016. in 2016 , noninterest income decreased $ 2.6 million , or 43.6 % , from $ 6.0 million for the year ended september 30 , 2015 to $ 3.4 million for the year ended september 30 , 2016. the decrease was due primarily to the aforementioned $ 4.2 million impairment loss on the cbed project investment in 2016 , a $ 105,000 decrease in service charges on deposit accounts , a $ 139,000 decrease in real estate lease income and an $ 831,000 gain on life insurance policies in 2015 , which more than offset increases in net gain on sale of premises and equipment , net gain on sale of real estate development , net gain on sale of loans , and net gain on trading account securities of $ 168,000 , $ 1.9 million , $ 321,000 and $ 308,000 , respectively . the increases in net gain on sale of premises and equipment and net gain on sale of real estate development are due primarily to the aforementioned $ 2.0 million gain on sale of wesley commons in september 2016. the increase in net gain on sale of loans is due primarily to the sale of loans guaranteed by the sba . noninterest expense . noninterest expenses increased $ 2.6 million , or 11.2 % , from $ 22.4 million for the year ended september 30 , 2016 to $ 25.0 million for the year ended september 30 , 2017. the increase was due primarily to an increase in compensation and benefits of $ 2.2 million , which more than offset a decrease in data processing of $ 230,000. the increase in compensation and benefits was attributable to the addition of new employees to support the company 's sba lending activities as well as normal salary and benefits increases . the decrease in data processing was primarily due to new contracts signed in 2017 , which resulted in a decrease in monthly processing fees . in 2016 , noninterest expenses increased $ 1.4 million , or 6.8 % , from $ 21.0 million for the year ended september 30 , 2015 to $ 22.4 million for the year ended september 30 , 2016. the increase was due primarily to increases in compensation and benefits and data processing expenses of $ 1.0 million and $ 197,000 , respectively . the increase in compensation and benefits expense is due primarily to increased staffing as a result of the company 's enhanced focus on its sba lending activities , and normal salary , wage and benefits increases , which more than offset a decrease in esop compensation expense . the esop loan was repaid in full during the quarter ended december 31 , 2015 and , as a result , no esop compensation expense was recognized during the remainder of the 2016 fiscal year . the increase in data processing expense is due primarily to the replacement of customer magnetic strip debit cards with emv chip debit cards and data processing expense related to sba lending activities . income tax expense . the company recognized an income tax expense of $ 2.5 million for the year ended september 30 , 2017 , compared to income tax benefit of $ 2.3 million for the year ended september 30 , 2016 and income tax expense of $ 1.6 million for the year ended september 30 , 2015. the effective tax rate was 21.3 % and 18.9 % , for the years ended september 30 , 2017 and 2015 , respectively . the tax benefit for 2016 was due to the aforementioned recognition of the $ 4.7 million tax credit as a result of the cbed project investment . 45 risk management overview . managing risk is essential to successfully managing a financial institution . our most prominent risk exposures are credit risk , interest rate risk and market risk . credit risk is the risk of not collecting the interest and or the principal balance of a loan or investment when it is due . interest rate risk is the potential reduction of interest income as a result of changes in interest rates . market risk arises from fluctuations in interest rates that may result in changes in the values of financial instruments , such as available-for-sale securities that are accounted for on a mark-to-market basis . other risks that we face are operational risks , liquidity risks and

