a reconciliation of those measures to gaap measures are provided in “ item 6. selected financial data . ” ﻿ consistent with securities and exchange commission industry guide 3 , the company presents net interest income , net interest margin and efficiency ratios on a fully taxable equivalent ( “ te ” ) basis . the te basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35 % to increase tax-exempt interest income to a taxable-equivalent basis . the company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources . ﻿ over the past several quarters we have disclosed our focus on strategic initiatives that were designed to replace declining levels of purchase accounting income from acquisitions with improvement in core income , which the company defines as income excluding net purchase accounting income . the company presents core income non-gaap measures including core net interest income and core net interest margin , core revenue and core pre-tax , pre-provision profit . these measures are provided to assist the reader with a better understanding of the company 's performance period over period as well as providing investors with assistance in understanding the success management has experienced in executing its strategic initiatives . ﻿ we define core net interest income as net interest income ( te ) excluding net purchase accounting accretion resulting from the fair market value adjustments related to acquired operations . we define core net interest margin as report ed core net interest income , annualized , expressed as a percentage of average earning assets . ﻿ we define core revenue as core net interest income and noninterest income less the amortization of the fdic loss share receivable related to loans acquired in an fdic assisted transaction . 34 ﻿ we define core pre-tax , pre-provision income as core revenue less noninterest expense , excluding nonoperating items and amortization of intangibles . management believes that core pre-tax , pre-provision profit is a useful financial measure because it enables investors and others to assess the company 's ability to generate capital to cover credit losses through a credit cycle . executive overview ﻿ current economic environment ﻿ after falling precipitously from july 2014 through the first quarter of 2016 , west texas intermediate ( “ wti ” ) crude oil and other energy commodity prices reflected signs of recovery and stabilization during the second half of 2016. as a result , a ctivity at energy-related businesses , which are concentrated mainly in the company 's south louisiana and houston , texas market areas , improved during the fourth quarter of 2016. t he north american active drilling rig count increased over 60 % from 404 at may 31 , 2016 , to 658 at year-end . approximately 70 % of this increase occurred in texas and oklahoma . even with the recent improvement in activity , the total active rig count remains well below third quarter 2014 totals where there were over 1,900 drilling rigs in use . the outlook related to the energy sector from industry leaders surveyed in the most recent summary of commentary on current economic conditions ( the “ beige book ” ) published january 18 , 2017 was generally more optimistic than earlier in the year with anticipation of a continued steady increase in activity over the next twelve months . despite the increased drilling activity and increased optimism expressed by industry leaders , management still expects a recovery lag in our energy service and support credit portfolio . reserve-based lending credits are beginning to show signs of improvement given the stabilization in oil prices , and we expect improvement in land-based services , and non-drilling services in the gulf of mexico to follow . ﻿ the real estate market for single family residential properties was flat to slightly up across all of our markets during the second half of 2016 . most brokers and builders surveyed in the beige book believe home sales will remain stable or increase slightly during the first quarter of 2017 , with an increased demand for more affordable priced homes . apartment demand remains strong in most of our markets . ﻿ the commerc ial real estate market continues to improve in most of our footprint , with growing demand for office and industrial space in certain market areas . commercial construction activity has also increased in recent quarters in these sectors . continued improvement is expected in the commercial real estate market in 2017. however , the houston market is the exception to this positive outlook with an overabundance of availability as sublease space continued to spike . ﻿ the january 2017 beige book indicated continued tightening in the labor market . wages and employment were increasing , while some firms experienced difficulty finding qualified workers to fill various job levels , particularly for certain professional services and craft labor positions . recruiters for oilfield service firms indicated orders for hiring and training new employees for 2017 were increasing . activity reports related to tourism and hospitality , a critical industry to our new orleans and florida markets , were mixed but the near-term outlook is optimistic . ﻿ loan demand across most of the markets that hancock serves remained stable and the energy sector saw further improvement . credit quality remained solid and most firms noted an increase in deposit volumes . outlooks in the financial sector were mostly optimistic , mainly due to elevated hopes for regulatory and tax relief following the recent presidential election . overall , firms and industries surveyed in the beige book were optimistic about economic growth in 2017 . story_separator_special_tag ﻿ investment and annuity fees totaled $ 18.5 million in 2016 compared to $ 20.7 million in 2015. the $ 2.2 million , or 11 % , decrease is primarily attributable to a change in the mix of products sold . in the current interest rate environment , customer demand for longer-term annuity products has been replaced for shorter duration products which result in a lower up-front commission . additionally , the company has shifted its focus more towards selling products with higher recurring revenue streams that earn little to no up-front commissions , but generate a higher level of recurring revenue over time . ﻿ fees from secondary mortgage operations totaled $ 16.3 million in 2016 , up $ 3.7 million , or 29 % , from a year earlier . the increase is attributable to an increased level of mortgage loan production . mortgage loan production increased approximately 41 % in 2016 compared to 2015 with the percentage of loan production sold in the secondary market declining slightly . secondary mortgage market operations fee income is generated from selling certain types of originated single-family mortgage loans into the secondary market in an effort to provide mortgage products for our customers while managing interest rate risk and liquidity . these loans are originated by the company through its branch network . the company typically sells its longer-term fixed-rate loans while retaining in the portfolio the majority of its adjustable rate loans as well as loans generated through certain programs to support customer relationships including programs for high net worth individuals and non-builder construction loans . the ultimate amount of loans sold in the 40 secondary market relative to the amount retained by the company is a management decision made as part of the company 's alco process . the company implemented a number of initiatives during the second half of 2015 to increase its mortgage loan production and fee income from secon dary mortgage operations including an expanded sales force with originators that specialize in loans sold in the secondary market and a streamlined operation that added efficiencies to the mortgage origination process . ﻿ insurance commissions and fees decreased $ 4.1 million , or 47 % , from 2015. this decrease resulted from the discontinuation of our title insurance operation during the third quarter of 2015 , combined with a strategic decision to reduce risk by deemphasizing the sale of certain products in the consumer financing subsidiary . ﻿ income from bank-owned life insurance increased $ 2.7 million , or 25 % , in 2016 , to $ 13.6 million . this increase was mainly due to higher death benefits recognized in 2016 relative to 2015 , combined with income earned from a $ 36.2 million year-over-year increase in the average balance of insurance contracts outstanding . ﻿ credit-related fee income decreased $ 1.1 million , or 10 % from 2015 mainly due to decreases in unused commitment fee income and standby letter of credit fees . ﻿ income from derivatives totaled $ 5.2 million in 2016 compared to $ 2.7 million in 2015. the $ 2.5 million , or 89 % , increase was driven by a significantly higher level of customer swap sales in 2016 compared to 2015 . ﻿ gains on sales of as sets increased $ 7.6 million in 2016 compared to 2015 as a result of $ 4.3 million in gains from the sale of single family mortgage portfolio loans and a $ 3.3 million gain realized from the sale of a bank property . the single family loans were sold as part of the company 's balance sheet management process because certain of their terms were deemed no longer compatible with the company 's strategic direction . ﻿ 2015 compared to 2014 ﻿ noninterest income for 2015 totaled $ 237 million , a $ 9.3 million , or 4 % , increase from 2014. a $ 6.4 million decrease in amortization of the fdic loss share receivable and an increase in income from secondary mortgage operations were partially offset by a decrease in service charge income . ﻿ amortization of the fdic loss share receivable amounted to $ 5.7 million in 2015 compared to $ 12.1 million in 2014. amortization of the fdic loss share receivable reflects a reduction in the amount of expected reimbursements under the loss sharing agreements due to lower loss projections for the related fdic acquired loan pools . accounting for the loss share receivable is described in note 1 to the consolidated financial statements . the 2015 amortization decrease is primarily related to the expiration of fdic coverage on the non-single family portfolio in december 2014. the loss share agreement covering the single family portfolio expires in december 2019 . ﻿ fees from secondary mortgage operations totaled $ 12.6 million in 2015 , up $ 4.5 million , or 57 % , from a year earlier . the increase is attributable to both an increased level of mortgage loan production and selling a higher percentage of loans in the secondary market . trust and investment and annuity fees totaled $ 66.3 million in 2015 , a $ 1.2 million , or 2 % , increase over 2014. the 2015 fee growth came from virtually all product lines . bank card and atm fees totaled $ 46.5 million in 2015 , up $ 1.4 million , or 3 % compared to 2014. growth in both consumer and business card accounts resulting from product and delivery platform enhancements was the primary factor in the 2015 increase . these enhancements , including smart phone payment functionality and improved on-line management tools , as well as additio nal product enhancements implemented in 2016 , result ed in continued increases in credit card and merchant fees in 2016. insurance commissions and fees decreased $ 0.9 million , or 10 % , from 2014 primarily from the full year impact of selling certain business lines during the second quarter of 2014. in the

capital resources ﻿ the company currently has a strong capital position which is vital to continued profitability , promotes depositor and investor confidence and provides a solid foundation for future growth and flexibility in addressing strategic opportunities . stockholders ' equity totaled $ 2.7 billion at december 31 , 2016 compared to $ 2.4 billio n at december 31 , 2015. the $ 307 million increase primarily resulted from a $ 259 million common stock issuance . in addition , net income of $ 149 million was partially offset by $ 77 million in dividends and a $ 40 million decrease in other comprehensive income related to net actuarial losses in the unfunded pension liability and the market adjustment to the afs portfolio . ﻿ on december 16 , 2016 , the company issued approximately $ 259 million , or 6.325 million shares , of its common stock at approximately $ 41.00 per share . this additional capital will be used to support recent and anticipated company growth including the purchase of certain assets including $ 1.3 billion in loans and nine branches and assumption of certain liabilities from first nbc . the transaction was announced on december 30 , 2016 , and is expected to close on march 10 , 2017 . ﻿ the company 's tangible common equity ratio was 8.64 % at december 31 , 2016 , compared to 7.62 % a year earlier . the increase in tangible capital is mainly attributable to the common stock issuance . the company has established an internal target for the tangible common equity ratio of at least 8.00 % .


 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 ﻿ the company currently has a strong capital position which is vital to continued profitability , promotes depositor and investor confidence and provides a solid foundation for future growth and flexibility in addressing strategic opportunities . stockholders ' equity totaled $ 2.7 billion at december 31 , 2016 compared to $ 2.4 billio n at december 31 , 2015. the $ 307 million increase primarily resulted from a $ 259 million common stock issuance . in addition , net income of $ 149 million was partially offset by $ 77 million in dividends and a $ 40 million decrease in other comprehensive income related to net actuarial losses in the unfunded pension liability and the market adjustment to the afs portfolio . ﻿ on december 16 , 2016 , the company issued approximately $ 259 million , or 6.325 million shares , of its common stock at approximately $ 41.00 per share . this additional capital will be used to support recent and anticipated company growth including the purchase of certain assets including $ 1.3 billion in loans and nine branches and assumption of certain liabilities from first nbc . the transaction was announced on december 30 , 2016 , and is expected to close on march 10 , 2017 . ﻿ the company 's tangible common equity ratio was 8.64 % at december 31 , 2016 , compared to 7.62 % a year earlier . the increase in tangible capital is mainly attributable to the common stock issuance . the company has established an internal target for the tangible common equity ratio of at least 8.00 % .
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 Suspicious Activity Report : a reconciliation of those measures to gaap measures are provided in “ item 6. selected financial data . ” ﻿ consistent with securities and exchange commission industry guide 3 , the company presents net interest income , net interest margin and efficiency ratios on a fully taxable equivalent ( “ te ” ) basis . the te basis adjusts for the tax-favored status of net interest income from certain loans and investments using a federal tax rate of 35 % to increase tax-exempt interest income to a taxable-equivalent basis . the company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources . ﻿ over the past several quarters we have disclosed our focus on strategic initiatives that were designed to replace declining levels of purchase accounting income from acquisitions with improvement in core income , which the company defines as income excluding net purchase accounting income . the company presents core income non-gaap measures including core net interest income and core net interest margin , core revenue and core pre-tax , pre-provision profit . these measures are provided to assist the reader with a better understanding of the company 's performance period over period as well as providing investors with assistance in understanding the success management has experienced in executing its strategic initiatives . ﻿ we define core net interest income as net interest income ( te ) excluding net purchase accounting accretion resulting from the fair market value adjustments related to acquired operations . we define core net interest margin as report ed core net interest income , annualized , expressed as a percentage of average earning assets . ﻿ we define core revenue as core net interest income and noninterest income less the amortization of the fdic loss share receivable related to loans acquired in an fdic assisted transaction . 34 ﻿ we define core pre-tax , pre-provision income as core revenue less noninterest expense , excluding nonoperating items and amortization of intangibles . management believes that core pre-tax , pre-provision profit is a useful financial measure because it enables investors and others to assess the company 's ability to generate capital to cover credit losses through a credit cycle . executive overview ﻿ current economic environment ﻿ after falling precipitously from july 2014 through the first quarter of 2016 , west texas intermediate ( “ wti ” ) crude oil and other energy commodity prices reflected signs of recovery and stabilization during the second half of 2016. as a result , a ctivity at energy-related businesses , which are concentrated mainly in the company 's south louisiana and houston , texas market areas , improved during the fourth quarter of 2016. t he north american active drilling rig count increased over 60 % from 404 at may 31 , 2016 , to 658 at year-end . approximately 70 % of this increase occurred in texas and oklahoma . even with the recent improvement in activity , the total active rig count remains well below third quarter 2014 totals where there were over 1,900 drilling rigs in use . the outlook related to the energy sector from industry leaders surveyed in the most recent summary of commentary on current economic conditions ( the “ beige book ” ) published january 18 , 2017 was generally more optimistic than earlier in the year with anticipation of a continued steady increase in activity over the next twelve months . despite the increased drilling activity and increased optimism expressed by industry leaders , management still expects a recovery lag in our energy service and support credit portfolio . reserve-based lending credits are beginning to show signs of improvement given the stabilization in oil prices , and we expect improvement in land-based services , and non-drilling services in the gulf of mexico to follow . ﻿ the real estate market for single family residential properties was flat to slightly up across all of our markets during the second half of 2016 . most brokers and builders surveyed in the beige book believe home sales will remain stable or increase slightly during the first quarter of 2017 , with an increased demand for more affordable priced homes . apartment demand remains strong in most of our markets . ﻿ the commerc ial real estate market continues to improve in most of our footprint , with growing demand for office and industrial space in certain market areas . commercial construction activity has also increased in recent quarters in these sectors . continued improvement is expected in the commercial real estate market in 2017. however , the houston market is the exception to this positive outlook with an overabundance of availability as sublease space continued to spike . ﻿ the january 2017 beige book indicated continued tightening in the labor market . wages and employment were increasing , while some firms experienced difficulty finding qualified workers to fill various job levels , particularly for certain professional services and craft labor positions . recruiters for oilfield service firms indicated orders for hiring and training new employees for 2017 were increasing . activity reports related to tourism and hospitality , a critical industry to our new orleans and florida markets , were mixed but the near-term outlook is optimistic . ﻿ loan demand across most of the markets that hancock serves remained stable and the energy sector saw further improvement . credit quality remained solid and most firms noted an increase in deposit volumes . outlooks in the financial sector were mostly optimistic , mainly due to elevated hopes for regulatory and tax relief following the recent presidential election . overall , firms and industries surveyed in the beige book were optimistic about economic growth in 2017 . story_separator_special_tag ﻿ investment and annuity fees totaled $ 18.5 million in 2016 compared to $ 20.7 million in 2015. the $ 2.2 million , or 11 % , decrease is primarily attributable to a change in the mix of products sold . in the current interest rate environment , customer demand for longer-term annuity products has been replaced for shorter duration products which result in a lower up-front commission . additionally , the company has shifted its focus more towards selling products with higher recurring revenue streams that earn little to no up-front commissions , but generate a higher level of recurring revenue over time . ﻿ fees from secondary mortgage operations totaled $ 16.3 million in 2016 , up $ 3.7 million , or 29 % , from a year earlier . the increase is attributable to an increased level of mortgage loan production . mortgage loan production increased approximately 41 % in 2016 compared to 2015 with the percentage of loan production sold in the secondary market declining slightly . secondary mortgage market operations fee income is generated from selling certain types of originated single-family mortgage loans into the secondary market in an effort to provide mortgage products for our customers while managing interest rate risk and liquidity . these loans are originated by the company through its branch network . the company typically sells its longer-term fixed-rate loans while retaining in the portfolio the majority of its adjustable rate loans as well as loans generated through certain programs to support customer relationships including programs for high net worth individuals and non-builder construction loans . the ultimate amount of loans sold in the 40 secondary market relative to the amount retained by the company is a management decision made as part of the company 's alco process . the company implemented a number of initiatives during the second half of 2015 to increase its mortgage loan production and fee income from secon dary mortgage operations including an expanded sales force with originators that specialize in loans sold in the secondary market and a streamlined operation that added efficiencies to the mortgage origination process . ﻿ insurance commissions and fees decreased $ 4.1 million , or 47 % , from 2015. this decrease resulted from the discontinuation of our title insurance operation during the third quarter of 2015 , combined with a strategic decision to reduce risk by deemphasizing the sale of certain products in the consumer financing subsidiary . ﻿ income from bank-owned life insurance increased $ 2.7 million , or 25 % , in 2016 , to $ 13.6 million . this increase was mainly due to higher death benefits recognized in 2016 relative to 2015 , combined with income earned from a $ 36.2 million year-over-year increase in the average balance of insurance contracts outstanding . ﻿ credit-related fee income decreased $ 1.1 million , or 10 % from 2015 mainly due to decreases in unused commitment fee income and standby letter of credit fees . ﻿ income from derivatives totaled $ 5.2 million in 2016 compared to $ 2.7 million in 2015. the $ 2.5 million , or 89 % , increase was driven by a significantly higher level of customer swap sales in 2016 compared to 2015 . ﻿ gains on sales of as sets increased $ 7.6 million in 2016 compared to 2015 as a result of $ 4.3 million in gains from the sale of single family mortgage portfolio loans and a $ 3.3 million gain realized from the sale of a bank property . the single family loans were sold as part of the company 's balance sheet management process because certain of their terms were deemed no longer compatible with the company 's strategic direction . ﻿ 2015 compared to 2014 ﻿ noninterest income for 2015 totaled $ 237 million , a $ 9.3 million , or 4 % , increase from 2014. a $ 6.4 million decrease in amortization of the fdic loss share receivable and an increase in income from secondary mortgage operations were partially offset by a decrease in service charge income . ﻿ amortization of the fdic loss share receivable amounted to $ 5.7 million in 2015 compared to $ 12.1 million in 2014. amortization of the fdic loss share receivable reflects a reduction in the amount of expected reimbursements under the loss sharing agreements due to lower loss projections for the related fdic acquired loan pools . accounting for the loss share receivable is described in note 1 to the consolidated financial statements . the 2015 amortization decrease is primarily related to the expiration of fdic coverage on the non-single family portfolio in december 2014. the loss share agreement covering the single family portfolio expires in december 2019 . ﻿ fees from secondary mortgage operations totaled $ 12.6 million in 2015 , up $ 4.5 million , or 57 % , from a year earlier . the increase is attributable to both an increased level of mortgage loan production and selling a higher percentage of loans in the secondary market . trust and investment and annuity fees totaled $ 66.3 million in 2015 , a $ 1.2 million , or 2 % , increase over 2014. the 2015 fee growth came from virtually all product lines . bank card and atm fees totaled $ 46.5 million in 2015 , up $ 1.4 million , or 3 % compared to 2014. growth in both consumer and business card accounts resulting from product and delivery platform enhancements was the primary factor in the 2015 increase . these enhancements , including smart phone payment functionality and improved on-line management tools , as well as additio nal product enhancements implemented in 2016 , result ed in continued increases in credit card and merchant fees in 2016. insurance commissions and fees decreased $ 0.9 million , or 10 % , from 2014 primarily from the full year impact of selling certain business lines during the second quarter of 2014. in the

