the increase in net income of $ 4.6 million for the twelve months ended december 31 , 2015 compared to the twelve months ended december 31 , 2014 was primarily due to an $ 8.5 million increase in net interest income and a $ 3.0 million increase in noninterest income . this was partially offset by a $ 2.6 million increase in income tax expense , a $ 2.6 million increase in noninterest expense and a $ 1.6 million increase in provision for loan losses . during the twelve months ended december 31 , 2016 , return on average assets was 0.74 % , compared to 0.81 % for the twelve months ended december 31 , 2015 and 0.50 % for the twelve months ended december 31 , 2014 . during the twelve months ended december 31 , 2016 , return on average shareholders ' equity was 9.74 % , compared to 8.89 % for the twelve months ended december 31 , 2015 and 4.61 % for the twelve months ended december 31 , 2014 . 25 consolidated average balance sheets and net interest income analyses for the periods presented , the following tables provide the average balances of interest-earning assets and interest-bearing liabilities and the related yields and cost of funds . the tables do not reflect any effect of income taxes . balances are based on the average of daily balances . nonaccrual loans are included in average loan balances . replace_table_token_5_th 1 yield on total interest-earning assets minus cost of total interest-bearing liabilities 2 net interest income divided by average interest-earning assets 26 rate/volume analysis the following table illustrates the impact of changes in the volume of interest-earning assets and interest-bearing liabilities and interest rates on net interest income for the periods indicated . the change in interest not due solely to volume or rate has been allocated in proportion to the absolute dollar amounts of the change in each . rate/volume analysis of net interest income twelve months ended december 31 , 2016 vs. december 31 , 2015 due to changes in twelve months ended december 31 , 2015 vs. december 31 , 2014 due to changes in ( amounts in thousands ) volume rate net volume rate net interest income loans , including loans held-for-sale $ 12,438 $ ( 433 ) $ 12,005 $ 9,624 $ ( 450 ) $ 9,174 securities – taxable 3,325 273 3,598 417 275 692 securities – non-taxable 1,562 ( 18 ) 1,544 258 ( 4 ) 254 other earning assets 264 41 305 ( 71 ) 183 112 total 17,589 ( 137 ) 17,452 10,228 4 10,232 interest expense interest-bearing deposits 5,290 1,808 7,098 1,390 ( 288 ) 1,102 other borrowed funds 705 713 1,418 1,571 ( 907 ) 664 total 5,995 2,521 8,516 2,961 ( 1,195 ) 1,766 increase ( decrease ) in net interest income $ 11,594 $ ( 2,658 ) $ 8,936 $ 7,267 $ 1,199 $ 8,466 2016 v. 2015 net interest income for the twelve months ended december 31 , 2016 was $ 39.7 million , an increase of $ 8.9 million , or 29.1 % , compared to $ 30.8 million for the twelve months ended december 31 , 2015 . the increase in net interest income was the result of a $ 17.5 million , or 42.1 % , increase in total interest income to $ 58.9 million for the twelve months ended december 31 , 2016 compared to $ 41.4 million for the twelve months ended december 31 , 2015 . the increase in total interest income was partially offset by an $ 8.5 million , or 79.6 % , increase in total interest expense to $ 19.2 million for the twelve months ended december 31 , 2016 compared to $ 10.7 million for the twelve months ended december 31 , 2015 . the increase in total interest income was due primarily to an increase in interest earned on loans resulting from an increase of $ 290.7 million , or 34.0 % , in the average balance of loans , including loans held-for-sale , as well as an increase in interest earned on securities resulting from an increase of $ 198.7 million , or 109.3 % , in the average balance of securities for the twelve months ended december 31 , 2016 compared to the twelve months ended december 31 , 2015 . the increase in total interest income was also due to a 19 basis point ( “ bp ” ) increase in the yield earned on the securities portfolio , partially offset by a decline in the yield earned on loans , including loans held-for-sale , of 5 bps . the increase in total interest expense was driven primarily by an increase in interest expense related to interest-bearing deposits as a result of a $ 448.7 million , or 53.5 % , increase in the average balance of interest-bearing deposits for the twelve months ended december 31 , 2016 compared to the twelve months ended december 31 , 2015 , and an increase of 19 bps in the cost of funds related to these deposits . interest expense related to other borrowed funds also contributed to the increase in total interest expense , due to a $ 43.7 million , or 31.3 % , increase in the average balance of other borrowed funds for the twelve months ended december 31 , 2016 compared to the twelve months ended december 31 , 2015 , and an increase of 44 bps in the cost of other borrowed funds . net interest margin was 2.49 % for the twelve months ended december 31 , 2016 compared to 2.85 % for the twelve months ended december 31 , 2015 . the decrease in net interest margin was primarily due to a 22 bp increase in the cost of interest-bearing liabilities and a 15 bp decrease in the yield on interest-earning assets . story_separator_special_tag the company has the ability and intent to hold all investment securities with identified impairments resulting from interest rate changes to the earlier of the forecasted recovery or the maturity of the underlying investment security . as of december 31 , 2016 , the company did not have any investment securities of a single issuer that exceeded 10 % of shareholders ' equity . the term `` issuer `` excludes the u.s. government and its sponsored agencies and corporations . the following tables present the amortized cost and approximate fair value of the company 's investment securities portfolio by security type as of the end of the last five years . replace_table_token_15_th 34 replace_table_token_16_th the approximate fair value of investment securities available-for-sale increased $ 243.0 million , or 113.7 % , to $ 456.7 million as of december 31 , 2016 compared to $ 213.7 million as of december 31 , 2015 . the increase was due primarily to increases of $ 118.6 million in mortgage-backed securities , $ 70.4 million in municipal securities , $ 54.1 million in u.s. government-sponsored agencies and $ 0.2 million in asset-backed securities , partially offset by a decrease of $ 0.3 million in corporate securities . the increases were primarily a result of investment purchases during the twelve months ended december 31 , 2016 , as the company deployed funds generated through deposit growth to further diversify the securities portfolio and enhance net interest income , while supporting liquidity and interest rate risk management . as of december 31 , 2016 , the company had securities with an amortized cost basis of $ 16.7 million designated as held-to-maturity , reflecting additional investment purchases made during 2016. investment maturities the following table summarizes the contractual maturity schedule of the company 's investment securities at their amortized cost and their weighted average yields at december 31 , 2016 . replace_table_token_17_th _ 1 a $ 3.0 million investment security has been excluded from this table because the security does not have a maturity date . 35 deposits the following table presents the composition of the company 's deposit base as of the end of the last five years . replace_table_token_18_th total deposits increased $ 506.8 million , or 53.0 % , to $ 1.5 billion as of december 31 , 2016 as compared to $ 956.1 million as of december 31 , 2015 . during 2016 , the company determined to enhance both balance sheet liquidity and asset sensitivity through strategies to increase term deposit funding , resulting in growth in certificates of deposit of $ 494.1 million , or 105.0 % . the increase in total deposits was also supplemented by growth in interest-bearing demand deposits , noninterest-bearing deposits and savings accounts . the following tables present contractual interest rates paid on time deposits , their scheduled maturities , and the scheduled maturities for time deposits $ 100,000 or greater . time deposits replace_table_token_19_th time deposit maturities at december 31 , 2016 replace_table_token_20_th 36 time deposit maturities of $ 100,000 or greater replace_table_token_21_th federal home loan bank advances although deposits are the primary source of funds for our lending and investment activities and for general business purposes , we may use short term advances from the fhlb to manage liquidity needs and longer term advances to supplement balance sheet growth and manage interest rate risk . the following table is a summary of fhlb borrowings for the periods indicated . replace_table_token_22_th story_separator_special_tag for financial measures determined in accordance with gaap , nor are they necessarily comparable to non-gaap performance measures that may be presented by other companies . reconciliations of these non-gaap financial measures to the most directly comparable gaap financial measures are included in the following table . replace_table_token_23_th critical accounting policies and estimates allowance for loan losses . we believe the allowance for loan losses is the critical accounting policy that requires the most significant judgments and assumptions used in the preparation of our consolidated financial statements . an estimate of potential losses inherent in the loan portfolio is determined and an allowance for those losses is established by considering factors including historical loss rates , expected cash flows , and estimated collateral values . the allowance for loan losses represents management 's best estimate of losses inherent in the existing loan portfolio . the allowance for loan losses is increased by the provision for loan losses charged to expense and reduced by loans charged off , net of recoveries . management evaluates the allowance for loan losses quarterly . if the underlying assumptions later prove to be inaccurate based on subsequent loss evaluations , the allowance for loan losses is adjusted . 39 management estimates the appropriate level of allowance for loan losses by separately evaluating impaired and non-impaired loans . a specific allowance is assigned to an impaired loan when expected cash flows or collateral do not justify the carrying amount of the loan . the methodology used to assign an allowance to a non-impaired loan is more subjective . generally , the allowance assigned to non-impaired loans is determined by applying historical loss rates to existing loans with similar risk characteristics , adjusted for qualitative factors including changes in economic conditions , changes in underwriting standards , and changes in concentrations of credit risk , and changes in industry conditions . because the economic and business climate in any given industry or market , and its impact on any given borrower , can change rapidly , the risk profile of the loan portfolio is periodically assessed and adjusted when appropriate . notwithstanding these procedures , there still exists the possibility that the assessment could prove to be significantly incorrect and that an immediate adjustment to the allowance for loan losses would be required . investments in debt and equity securities . we classify investments in debt and equity securities as available-for-sale in accordance with accounting standards codification , or asc , topic 320 , “ accounting for certain investments in

liquidity and capital resources while the company believes it has sufficient liquidity and capital resources to meet its cash and capital expenditure requirements for at least the next twelve months , including any cash dividends it may pay , the company intends to continue pursuing its growth strategy , which may require additional capital . if the company is unable to secure such capital at favorable terms , its ability to execute its growth strategy could be adversely affected . liquidity management is the process used by the company to manage the continuing flow of funds necessary to meet its financial commitments on a timely basis and at a reasonable cost while also maintaining safe and sound operations . liquidity , represented by cash and investment securities , is a product of the company 's operating , investing and financing activities . the primary sources of funds are deposits , principal and interest payments on loans and investment securities , maturing loans and investment securities , access to wholesale funding sources and collateralized borrowings . while scheduled payments and maturities of loans and investment securities are relatively predictable sources of funds , deposit flows are greatly influenced by interest rates , general economic conditions and competition . therefore , the company supplements deposit growth and enhances interest rate risk management through borrowings , which are generally advances from the fhlb . the company maintains cash and investment securities that qualify as liquid assets to maintain adequate liquidity to ensure safe and sound operations and meet its financial commitments . at december 31 , 2016 , on a consolidated basis , the company had $ 496.4 million in cash and cash equivalents , interest-bearing time deposits and investment securities available-for-sale and $ 27.1 million in loans held-for-sale that were generally available for its cash needs . the company can also generate funds from wholesale funding sources and collateralized borrowings .


 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 capital resources while the company believes it has sufficient liquidity and capital resources to meet its cash and capital expenditure requirements for at least the next twelve months , including any cash dividends it may pay , the company intends to continue pursuing its growth strategy , which may require additional capital . if the company is unable to secure such capital at favorable terms , its ability to execute its growth strategy could be adversely affected . liquidity management is the process used by the company to manage the continuing flow of funds necessary to meet its financial commitments on a timely basis and at a reasonable cost while also maintaining safe and sound operations . liquidity , represented by cash and investment securities , is a product of the company 's operating , investing and financing activities . the primary sources of funds are deposits , principal and interest payments on loans and investment securities , maturing loans and investment securities , access to wholesale funding sources and collateralized borrowings . while scheduled payments and maturities of loans and investment securities are relatively predictable sources of funds , deposit flows are greatly influenced by interest rates , general economic conditions and competition . therefore , the company supplements deposit growth and enhances interest rate risk management through borrowings , which are generally advances from the fhlb . the company maintains cash and investment securities that qualify as liquid assets to maintain adequate liquidity to ensure safe and sound operations and meet its financial commitments . at december 31 , 2016 , on a consolidated basis , the company had $ 496.4 million in cash and cash equivalents , interest-bearing time deposits and investment securities available-for-sale and $ 27.1 million in loans held-for-sale that were generally available for its cash needs . the company can also generate funds from wholesale funding sources and collateralized borrowings .
```    
 Suspicious Activity Report : the increase in net income of $ 4.6 million for the twelve months ended december 31 , 2015 compared to the twelve months ended december 31 , 2014 was primarily due to an $ 8.5 million increase in net interest income and a $ 3.0 million increase in noninterest income . this was partially offset by a $ 2.6 million increase in income tax expense , a $ 2.6 million increase in noninterest expense and a $ 1.6 million increase in provision for loan losses . during the twelve months ended december 31 , 2016 , return on average assets was 0.74 % , compared to 0.81 % for the twelve months ended december 31 , 2015 and 0.50 % for the twelve months ended december 31 , 2014 . during the twelve months ended december 31 , 2016 , return on average shareholders ' equity was 9.74 % , compared to 8.89 % for the twelve months ended december 31 , 2015 and 4.61 % for the twelve months ended december 31 , 2014 . 25 consolidated average balance sheets and net interest income analyses for the periods presented , the following tables provide the average balances of interest-earning assets and interest-bearing liabilities and the related yields and cost of funds . the tables do not reflect any effect of income taxes . balances are based on the average of daily balances . nonaccrual loans are included in average loan balances . replace_table_token_5_th 1 yield on total interest-earning assets minus cost of total interest-bearing liabilities 2 net interest income divided by average interest-earning assets 26 rate/volume analysis the following table illustrates the impact of changes in the volume of interest-earning assets and interest-bearing liabilities and interest rates on net interest income for the periods indicated . the change in interest not due solely to volume or rate has been allocated in proportion to the absolute dollar amounts of the change in each . rate/volume analysis of net interest income twelve months ended december 31 , 2016 vs. december 31 , 2015 due to changes in twelve months ended december 31 , 2015 vs. december 31 , 2014 due to changes in ( amounts in thousands ) volume rate net volume rate net interest income loans , including loans held-for-sale $ 12,438 $ ( 433 ) $ 12,005 $ 9,624 $ ( 450 ) $ 9,174 securities – taxable 3,325 273 3,598 417 275 692 securities – non-taxable 1,562 ( 18 ) 1,544 258 ( 4 ) 254 other earning assets 264 41 305 ( 71 ) 183 112 total 17,589 ( 137 ) 17,452 10,228 4 10,232 interest expense interest-bearing deposits 5,290 1,808 7,098 1,390 ( 288 ) 1,102 other borrowed funds 705 713 1,418 1,571 ( 907 ) 664 total 5,995 2,521 8,516 2,961 ( 1,195 ) 1,766 increase ( decrease ) in net interest income $ 11,594 $ ( 2,658 ) $ 8,936 $ 7,267 $ 1,199 $ 8,466 2016 v. 2015 net interest income for the twelve months ended december 31 , 2016 was $ 39.7 million , an increase of $ 8.9 million , or 29.1 % , compared to $ 30.8 million for the twelve months ended december 31 , 2015 . the increase in net interest income was the result of a $ 17.5 million , or 42.1 % , increase in total interest income to $ 58.9 million for the twelve months ended december 31 , 2016 compared to $ 41.4 million for the twelve months ended december 31 , 2015 . the increase in total interest income was partially offset by an $ 8.5 million , or 79.6 % , increase in total interest expense to $ 19.2 million for the twelve months ended december 31 , 2016 compared to $ 10.7 million for the twelve months ended december 31 , 2015 . the increase in total interest income was due primarily to an increase in interest earned on loans resulting from an increase of $ 290.7 million , or 34.0 % , in the average balance of loans , including loans held-for-sale , as well as an increase in interest earned on securities resulting from an increase of $ 198.7 million , or 109.3 % , in the average balance of securities for the twelve months ended december 31 , 2016 compared to the twelve months ended december 31 , 2015 . the increase in total interest income was also due to a 19 basis point ( “ bp ” ) increase in the yield earned on the securities portfolio , partially offset by a decline in the yield earned on loans , including loans held-for-sale , of 5 bps . the increase in total interest expense was driven primarily by an increase in interest expense related to interest-bearing deposits as a result of a $ 448.7 million , or 53.5 % , increase in the average balance of interest-bearing deposits for the twelve months ended december 31 , 2016 compared to the twelve months ended december 31 , 2015 , and an increase of 19 bps in the cost of funds related to these deposits . interest expense related to other borrowed funds also contributed to the increase in total interest expense , due to a $ 43.7 million , or 31.3 % , increase in the average balance of other borrowed funds for the twelve months ended december 31 , 2016 compared to the twelve months ended december 31 , 2015 , and an increase of 44 bps in the cost of other borrowed funds . net interest margin was 2.49 % for the twelve months ended december 31 , 2016 compared to 2.85 % for the twelve months ended december 31 , 2015 . the decrease in net interest margin was primarily due to a 22 bp increase in the cost of interest-bearing liabilities and a 15 bp decrease in the yield on interest-earning assets . story_separator_special_tag the company has the ability and intent to hold all investment securities with identified impairments resulting from interest rate changes to the earlier of the forecasted recovery or the maturity of the underlying investment security . as of december 31 , 2016 , the company did not have any investment securities of a single issuer that exceeded 10 % of shareholders ' equity . the term `` issuer `` excludes the u.s. government and its sponsored agencies and corporations . the following tables present the amortized cost and approximate fair value of the company 's investment securities portfolio by security type as of the end of the last five years . replace_table_token_15_th 34 replace_table_token_16_th the approximate fair value of investment securities available-for-sale increased $ 243.0 million , or 113.7 % , to $ 456.7 million as of december 31 , 2016 compared to $ 213.7 million as of december 31 , 2015 . the increase was due primarily to increases of $ 118.6 million in mortgage-backed securities , $ 70.4 million in municipal securities , $ 54.1 million in u.s. government-sponsored agencies and $ 0.2 million in asset-backed securities , partially offset by a decrease of $ 0.3 million in corporate securities . the increases were primarily a result of investment purchases during the twelve months ended december 31 , 2016 , as the company deployed funds generated through deposit growth to further diversify the securities portfolio and enhance net interest income , while supporting liquidity and interest rate risk management . as of december 31 , 2016 , the company had securities with an amortized cost basis of $ 16.7 million designated as held-to-maturity , reflecting additional investment purchases made during 2016. investment maturities the following table summarizes the contractual maturity schedule of the company 's investment securities at their amortized cost and their weighted average yields at december 31 , 2016 . replace_table_token_17_th _ 1 a $ 3.0 million investment security has been excluded from this table because the security does not have a maturity date . 35 deposits the following table presents the composition of the company 's deposit base as of the end of the last five years . replace_table_token_18_th total deposits increased $ 506.8 million , or 53.0 % , to $ 1.5 billion as of december 31 , 2016 as compared to $ 956.1 million as of december 31 , 2015 . during 2016 , the company determined to enhance both balance sheet liquidity and asset sensitivity through strategies to increase term deposit funding , resulting in growth in certificates of deposit of $ 494.1 million , or 105.0 % . the increase in total deposits was also supplemented by growth in interest-bearing demand deposits , noninterest-bearing deposits and savings accounts . the following tables present contractual interest rates paid on time deposits , their scheduled maturities , and the scheduled maturities for time deposits $ 100,000 or greater . time deposits replace_table_token_19_th time deposit maturities at december 31 , 2016 replace_table_token_20_th 36 time deposit maturities of $ 100,000 or greater replace_table_token_21_th federal home loan bank advances although deposits are the primary source of funds for our lending and investment activities and for general business purposes , we may use short term advances from the fhlb to manage liquidity needs and longer term advances to supplement balance sheet growth and manage interest rate risk . the following table is a summary of fhlb borrowings for the periods indicated . replace_table_token_22_th story_separator_special_tag for financial measures determined in accordance with gaap , nor are they necessarily comparable to non-gaap performance measures that may be presented by other companies . reconciliations of these non-gaap financial measures to the most directly comparable gaap financial measures are included in the following table . replace_table_token_23_th critical accounting policies and estimates allowance for loan losses . we believe the allowance for loan losses is the critical accounting policy that requires the most significant judgments and assumptions used in the preparation of our consolidated financial statements . an estimate of potential losses inherent in the loan portfolio is determined and an allowance for those losses is established by considering factors including historical loss rates , expected cash flows , and estimated collateral values . the allowance for loan losses represents management 's best estimate of losses inherent in the existing loan portfolio . the allowance for loan losses is increased by the provision for loan losses charged to expense and reduced by loans charged off , net of recoveries . management evaluates the allowance for loan losses quarterly . if the underlying assumptions later prove to be inaccurate based on subsequent loss evaluations , the allowance for loan losses is adjusted . 39 management estimates the appropriate level of allowance for loan losses by separately evaluating impaired and non-impaired loans . a specific allowance is assigned to an impaired loan when expected cash flows or collateral do not justify the carrying amount of the loan . the methodology used to assign an allowance to a non-impaired loan is more subjective . generally , the allowance assigned to non-impaired loans is determined by applying historical loss rates to existing loans with similar risk characteristics , adjusted for qualitative factors including changes in economic conditions , changes in underwriting standards , and changes in concentrations of credit risk , and changes in industry conditions . because the economic and business climate in any given industry or market , and its impact on any given borrower , can change rapidly , the risk profile of the loan portfolio is periodically assessed and adjusted when appropriate . notwithstanding these procedures , there still exists the possibility that the assessment could prove to be significantly incorrect and that an immediate adjustment to the allowance for loan losses would be required . investments in debt and equity securities . we classify investments in debt and equity securities as available-for-sale in accordance with accounting standards codification , or asc , topic 320 , “ accounting for certain investments in

