as a result , the volume of one-to-four family loans produced was lower in 2014 than it was in the prior year . the impact of market interest rates on our multi-family and commercial real estate lending is far less overt than the impact on our production of one-to-four family mortgage loans . because the multi-family and commercial real estate loans we produce generate prepayment penalty income when they repay , the impact of repayment activity can be especially meaningful . while prepayment penalty income reached $ 136.8 million in 2013the third consecutive year in which we established a new recordthe level declined to $ 86.8 million in 2014. also less overt , but nonetheless having an impact on our operations , has been the significant increase in regulation and supervision required under the dodd-frank wall street reform and consumer protection act of 2010 ( the dodd-frank act or , more simply dodd-frank ) . for example , as a bank holding company with assets in the range of $ 10 billion to $ 50 billion , we were required to submit our first dodd-frank act stress test ( dfast ) report , including the results of our stress tests , to the frb in march 2014. our second dfast report will be submitted later this month ( i.e . , march 2015 ) , and the results of our stress tests will be disclosed in june . with assets of $ 41.2 billion at december 31 , 2010 , and a fundamental focus on growth through acquisition , we began in 2011 to prepare for the possibility of exceeding the threshold for classification as a systemically important financial institution ( sifi ) as such term is defined by the dodd-frank act . since then , we have invested significant human , technological , and financial resources into our enterprise risk management program , while also strengthening our corporate governance policies , procedures , and practices . we also have continued to grow our balance sheet . at december 31 , 2014 , we recorded total assets of $ 48.6 billion , a $ 1.9 billion , or 4.0 % , increase from the balance at december 31 , 2013. essentially , a bank is designated a sifi when the average of its total consolidated assets over the four most recent quarters exceeds $ 50 billion . in the third quarter of 2014 , with our assets drawing closer to $ 50 billion , we decided to manage our assets below that level for the near-term as we continue to evaluate the impact of the sifi threshold being crossed . accordingly , in the fourth quarter of 2014 , we reduced our loans by $ 601.0 million through a combination of sales and participations , and our securities by $ 354.8 million through a combination of sales and calls . these reductions were largely offset by an increase in the production of multi-family loans and specialty finance loans and leases for portfolio . while the costs of complying with dodd-frank have added meaningfully to our operating expenses , the impact was more than offset in 2014 by a decline in our fdic deposit insurance assessments and the expenses associated with the management and sale of foreclosed real estate , as the quality of our assets continued to improve . reflecting our unique lending niche and our conservative underwriting standards , net charge-offs declined $ 14.9 million from the year-earlier level to $ 2.1 million in 2014. in addition , non-performing non-covered assets declined $ 36.0 million year-over-year to $ 138.9 million at the end of this december , the lowest level we 've recorded since december 31 , 2008. reflecting these improvements , net charge-offs represented 0.01 % of average loans in 2014 , and non-performing non-covered assets represented 0.30 % of total non-covered assets at year-end . while the quality of our assets generally reflects the nature of our primary lending niche and the benefit of conservative underwriting , it also reflects certain economic improvements that occurred in 2014. those improvements are reflected in the economic data cited on the following page . 43 the following table presents the downward trend in unemployment rates , as reported by the u.s. department of labor , both nationally and in the various markets that comprise our footprint , for the months indicated : replace_table_token_6_th yet another key economic indicator is the consumer price index ( the cpi ) , which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services . the following table indicates the change in the cpi for the twelve months ended at each of the indicated dates : for the twelve months ended december 2014 december 2013 change in prices : 0.8 % 1.5 % the recovery is also reflected in the s & p/case-shiller home price index for the twelve months ended december 2014 and 2013. home prices rose 4.6 % across the u.s. in the twelve months ended december 2014 , as compared to 11.3 % in the year-earlier twelve months . given the impact that home prices have on residential mortgage lending , we believe the s & p/case-shiller home price index is a particularly important economic indicator for the company . in addition , the volume of new home sales nationwide was at a seasonally adjusted annual rate of 481,000 in december 2014 , according to estimates set forth in a u.s. commerce department report issued on january 27 , 2015. the december 2014 rate was 8.8 % higher than the rate reported in december 2013. yet another pertinent economic indicator is the residential rental vacancy rate in new york , as reported by the u.s. department of commerce , and the office vacancy rate in manhattan , as reported by a leading commercial real estate broker , jones lang lasalle . story_separator_special_tag if there is a decline in fair value of a security below its carrying amount and we have the intent to sell it , or it is more likely than not that we may be required to sell the security before recovery , the entire amount of the decline in fair value is charged to earnings . goodwill impairment goodwill is presumed to have an indefinite useful life and is tested for impairment , rather than amortized , at the reporting unit level , at least once a year . we performed our annual goodwill impairment test as of december 31 , 2014 and found no indication of goodwill impairment at that date . goodwill would be tested in less than one year 's time if there were a triggering event. there were no triggering events identified during the twelve months ended december 31 , 2014. the goodwill impairment analysis is a two-step test . however , a company can , under accounting standards update ( asu ) no . 2011-08 , testing goodwill for impairment ,  first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test . under this amendment , an entity would not be required to calculate the fair value of a reporting unit unless the entity determined , based on a qualitative assessment , that it was more likely than not that its fair value was less than its carrying amount . the company did not elect to perform a qualitative assessment in 2014. the first step ( step 1 ) is used to identify potential impairment , and involves comparing each reporting segment 's estimated fair value to its carrying amount , including goodwill . if the estimated fair value of a reporting segment exceeds its carrying amount , goodwill is not considered to be impaired . if the carrying amount exceeds the estimated fair value , there is an indication of potential impairment and the second step ( step 2 ) is performed to measure the amount . step 2 involves calculating an implied fair value of goodwill for each reporting segment for which impairment was indicated in step 1. the implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination , i.e . , by measuring the excess of the estimated fair value of the reporting segment , as determined in step 1 , over the aggregate estimated fair values of the individual assets , liabilities , and identifiable intangibles , as if the reporting segment were being acquired in a business combination at the impairment test date . if the implied fair value of goodwill exceeds the carrying amount of goodwill assigned to the reporting segment , there is no impairment . if the carrying amount of goodwill assigned to a reporting segment exceeds the implied fair value of the goodwill , an impairment charge is recorded for the excess . an impairment loss can not exceed the carrying amount of goodwill assigned to a reporting segment , and the loss establishes a new basis in the goodwill . subsequent reversal of goodwill impairment losses is not permitted . quoted market prices in active markets are the best evidence of fair value and are used as the basis for measurement , when available . other acceptable valuation methods include present-value measurements based on multiples of earnings or revenues , or similar performance measures . differences in the identification of reporting units and in valuation techniques could result in materially different evaluations of impairment . for the purpose of goodwill impairment testing , management has determined that the company has two reporting segments : banking operations and residential mortgage banking . all of our recorded goodwill has resulted from prior acquisitions and , accordingly , is attributed to banking operations . there is no goodwill associated with residential mortgage banking , as this segment was acquired in our fdic-assisted amtrust acquisition , which resulted in a bargain purchase gain . in order to perform our annual goodwill impairment test , we determined the carrying value of the banking operations segment to be the carrying value of the company and compared it to the fair value of the company . 48 income taxes in estimating income taxes , management assesses the relative merits and risks of the tax treatment of transactions , taking into account statutory , judicial , and regulatory guidance in the context of our tax position . in this process , management also relies on tax opinions , recent audits , and historical experience . although we use the best available information to record income taxes , underlying estimates and assumptions can change over time as a result of unanticipated events or circumstances such as changes in tax laws and judicial guidance influencing our overall or transaction-specific tax position . we recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases , and the carryforward of certain tax attributes such as net operating losses . a valuation allowance is maintained for deferred tax assets that we estimate are more likely than not to be unrealizable , based on available evidence at the time the estimate is made . in assessing the need for a valuation allowance , we estimate future taxable income , considering the prudence and feasibility of tax planning strategies and the realizability of tax loss carryforwards . valuation allowances related to deferred tax assets can be affected by changes to tax laws , statutory tax rates , and future taxable income levels . in the event we were to determine that we would not be able to realize all or a portion of our net deferred tax assets in the future , we would reduce such amounts through a charge to income tax expense in the period in

liquidity we manage our liquidity to ensure that our cash flows are sufficient to support our operations , and to compensate for any temporary mismatches between sources and uses of funds caused by variable loan and deposit demand . we monitor our liquidity daily to ensure that sufficient funds are available to meet our financial obligations . our most liquid assets are cash and cash equivalents , which totaled $ 564.2 million and $ 644.6 million , respectively , at december 31 , 2014 and 2013. as in the past , our loan and securities portfolios provided meaningful liquidity in 2014 , with cash flows from the repayment and sale of loans totaling $ 11.3 billion and cash flows from the repayment and sale of securities totaling $ 1.3 billion . additional liquidity stems from the retail , institutional , and municipal deposits we gather or acquire through business combinations , and from our use of wholesale funding sources , including brokered deposits and wholesale borrowings . in addition , we have access to the banks ' approved lines of credit with various counterparties , including the fhlb-ny . the availability of these wholesale funding sources is generally based on the amount of mortgage loan collateral available under a blanket lien we have pledged to the respective institutions and , to a lesser extent , the amount of available securities that may be pledged to collateralize our borrowings . at december 31 , 2014 , our available borrowing capacity with the fhlb-ny was $ 7.9 billion . in addition , the community bank and the commercial bank had available-for-sale securities of $ 171.8 million , combined , at that date . furthermore , the community bank has an agreement with the federal reserve bank of new york ( the frb-ny ) that enables it to access the discount window as a further means of enhancing its liquidity if need be . in connection with that agreement , the community bank has pledged certain loans and securities to collateralize any funds it may borrow .


 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 we manage our liquidity to ensure that our cash flows are sufficient to support our operations , and to compensate for any temporary mismatches between sources and uses of funds caused by variable loan and deposit demand . we monitor our liquidity daily to ensure that sufficient funds are available to meet our financial obligations . our most liquid assets are cash and cash equivalents , which totaled $ 564.2 million and $ 644.6 million , respectively , at december 31 , 2014 and 2013. as in the past , our loan and securities portfolios provided meaningful liquidity in 2014 , with cash flows from the repayment and sale of loans totaling $ 11.3 billion and cash flows from the repayment and sale of securities totaling $ 1.3 billion . additional liquidity stems from the retail , institutional , and municipal deposits we gather or acquire through business combinations , and from our use of wholesale funding sources , including brokered deposits and wholesale borrowings . in addition , we have access to the banks ' approved lines of credit with various counterparties , including the fhlb-ny . the availability of these wholesale funding sources is generally based on the amount of mortgage loan collateral available under a blanket lien we have pledged to the respective institutions and , to a lesser extent , the amount of available securities that may be pledged to collateralize our borrowings . at december 31 , 2014 , our available borrowing capacity with the fhlb-ny was $ 7.9 billion . in addition , the community bank and the commercial bank had available-for-sale securities of $ 171.8 million , combined , at that date . furthermore , the community bank has an agreement with the federal reserve bank of new york ( the frb-ny ) that enables it to access the discount window as a further means of enhancing its liquidity if need be . in connection with that agreement , the community bank has pledged certain loans and securities to collateralize any funds it may borrow .
```    
 Suspicious Activity Report : as a result , the volume of one-to-four family loans produced was lower in 2014 than it was in the prior year . the impact of market interest rates on our multi-family and commercial real estate lending is far less overt than the impact on our production of one-to-four family mortgage loans . because the multi-family and commercial real estate loans we produce generate prepayment penalty income when they repay , the impact of repayment activity can be especially meaningful . while prepayment penalty income reached $ 136.8 million in 2013the third consecutive year in which we established a new recordthe level declined to $ 86.8 million in 2014. also less overt , but nonetheless having an impact on our operations , has been the significant increase in regulation and supervision required under the dodd-frank wall street reform and consumer protection act of 2010 ( the dodd-frank act or , more simply dodd-frank ) . for example , as a bank holding company with assets in the range of $ 10 billion to $ 50 billion , we were required to submit our first dodd-frank act stress test ( dfast ) report , including the results of our stress tests , to the frb in march 2014. our second dfast report will be submitted later this month ( i.e . , march 2015 ) , and the results of our stress tests will be disclosed in june . with assets of $ 41.2 billion at december 31 , 2010 , and a fundamental focus on growth through acquisition , we began in 2011 to prepare for the possibility of exceeding the threshold for classification as a systemically important financial institution ( sifi ) as such term is defined by the dodd-frank act . since then , we have invested significant human , technological , and financial resources into our enterprise risk management program , while also strengthening our corporate governance policies , procedures , and practices . we also have continued to grow our balance sheet . at december 31 , 2014 , we recorded total assets of $ 48.6 billion , a $ 1.9 billion , or 4.0 % , increase from the balance at december 31 , 2013. essentially , a bank is designated a sifi when the average of its total consolidated assets over the four most recent quarters exceeds $ 50 billion . in the third quarter of 2014 , with our assets drawing closer to $ 50 billion , we decided to manage our assets below that level for the near-term as we continue to evaluate the impact of the sifi threshold being crossed . accordingly , in the fourth quarter of 2014 , we reduced our loans by $ 601.0 million through a combination of sales and participations , and our securities by $ 354.8 million through a combination of sales and calls . these reductions were largely offset by an increase in the production of multi-family loans and specialty finance loans and leases for portfolio . while the costs of complying with dodd-frank have added meaningfully to our operating expenses , the impact was more than offset in 2014 by a decline in our fdic deposit insurance assessments and the expenses associated with the management and sale of foreclosed real estate , as the quality of our assets continued to improve . reflecting our unique lending niche and our conservative underwriting standards , net charge-offs declined $ 14.9 million from the year-earlier level to $ 2.1 million in 2014. in addition , non-performing non-covered assets declined $ 36.0 million year-over-year to $ 138.9 million at the end of this december , the lowest level we 've recorded since december 31 , 2008. reflecting these improvements , net charge-offs represented 0.01 % of average loans in 2014 , and non-performing non-covered assets represented 0.30 % of total non-covered assets at year-end . while the quality of our assets generally reflects the nature of our primary lending niche and the benefit of conservative underwriting , it also reflects certain economic improvements that occurred in 2014. those improvements are reflected in the economic data cited on the following page . 43 the following table presents the downward trend in unemployment rates , as reported by the u.s. department of labor , both nationally and in the various markets that comprise our footprint , for the months indicated : replace_table_token_6_th yet another key economic indicator is the consumer price index ( the cpi ) , which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services . the following table indicates the change in the cpi for the twelve months ended at each of the indicated dates : for the twelve months ended december 2014 december 2013 change in prices : 0.8 % 1.5 % the recovery is also reflected in the s & p/case-shiller home price index for the twelve months ended december 2014 and 2013. home prices rose 4.6 % across the u.s. in the twelve months ended december 2014 , as compared to 11.3 % in the year-earlier twelve months . given the impact that home prices have on residential mortgage lending , we believe the s & p/case-shiller home price index is a particularly important economic indicator for the company . in addition , the volume of new home sales nationwide was at a seasonally adjusted annual rate of 481,000 in december 2014 , according to estimates set forth in a u.s. commerce department report issued on january 27 , 2015. the december 2014 rate was 8.8 % higher than the rate reported in december 2013. yet another pertinent economic indicator is the residential rental vacancy rate in new york , as reported by the u.s. department of commerce , and the office vacancy rate in manhattan , as reported by a leading commercial real estate broker , jones lang lasalle . story_separator_special_tag if there is a decline in fair value of a security below its carrying amount and we have the intent to sell it , or it is more likely than not that we may be required to sell the security before recovery , the entire amount of the decline in fair value is charged to earnings . goodwill impairment goodwill is presumed to have an indefinite useful life and is tested for impairment , rather than amortized , at the reporting unit level , at least once a year . we performed our annual goodwill impairment test as of december 31 , 2014 and found no indication of goodwill impairment at that date . goodwill would be tested in less than one year 's time if there were a triggering event. there were no triggering events identified during the twelve months ended december 31 , 2014. the goodwill impairment analysis is a two-step test . however , a company can , under accounting standards update ( asu ) no . 2011-08 , testing goodwill for impairment ,  first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test . under this amendment , an entity would not be required to calculate the fair value of a reporting unit unless the entity determined , based on a qualitative assessment , that it was more likely than not that its fair value was less than its carrying amount . the company did not elect to perform a qualitative assessment in 2014. the first step ( step 1 ) is used to identify potential impairment , and involves comparing each reporting segment 's estimated fair value to its carrying amount , including goodwill . if the estimated fair value of a reporting segment exceeds its carrying amount , goodwill is not considered to be impaired . if the carrying amount exceeds the estimated fair value , there is an indication of potential impairment and the second step ( step 2 ) is performed to measure the amount . step 2 involves calculating an implied fair value of goodwill for each reporting segment for which impairment was indicated in step 1. the implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination , i.e . , by measuring the excess of the estimated fair value of the reporting segment , as determined in step 1 , over the aggregate estimated fair values of the individual assets , liabilities , and identifiable intangibles , as if the reporting segment were being acquired in a business combination at the impairment test date . if the implied fair value of goodwill exceeds the carrying amount of goodwill assigned to the reporting segment , there is no impairment . if the carrying amount of goodwill assigned to a reporting segment exceeds the implied fair value of the goodwill , an impairment charge is recorded for the excess . an impairment loss can not exceed the carrying amount of goodwill assigned to a reporting segment , and the loss establishes a new basis in the goodwill . subsequent reversal of goodwill impairment losses is not permitted . quoted market prices in active markets are the best evidence of fair value and are used as the basis for measurement , when available . other acceptable valuation methods include present-value measurements based on multiples of earnings or revenues , or similar performance measures . differences in the identification of reporting units and in valuation techniques could result in materially different evaluations of impairment . for the purpose of goodwill impairment testing , management has determined that the company has two reporting segments : banking operations and residential mortgage banking . all of our recorded goodwill has resulted from prior acquisitions and , accordingly , is attributed to banking operations . there is no goodwill associated with residential mortgage banking , as this segment was acquired in our fdic-assisted amtrust acquisition , which resulted in a bargain purchase gain . in order to perform our annual goodwill impairment test , we determined the carrying value of the banking operations segment to be the carrying value of the company and compared it to the fair value of the company . 48 income taxes in estimating income taxes , management assesses the relative merits and risks of the tax treatment of transactions , taking into account statutory , judicial , and regulatory guidance in the context of our tax position . in this process , management also relies on tax opinions , recent audits , and historical experience . although we use the best available information to record income taxes , underlying estimates and assumptions can change over time as a result of unanticipated events or circumstances such as changes in tax laws and judicial guidance influencing our overall or transaction-specific tax position . we recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases , and the carryforward of certain tax attributes such as net operating losses . a valuation allowance is maintained for deferred tax assets that we estimate are more likely than not to be unrealizable , based on available evidence at the time the estimate is made . in assessing the need for a valuation allowance , we estimate future taxable income , considering the prudence and feasibility of tax planning strategies and the realizability of tax loss carryforwards . valuation allowances related to deferred tax assets can be affected by changes to tax laws , statutory tax rates , and future taxable income levels . in the event we were to determine that we would not be able to realize all or a portion of our net deferred tax assets in the future , we would reduce such amounts through a charge to income tax expense in the period in

