management considers a variety of factors in establishing allowance for loan losses such as current economic conditions , diversification of the loan portfolio , delinquency statistics , results of internal loan reviews , financial and managerial strength of borrowers , adequacy of collateral , ( if collateral dependent , or present value of future cash flows ) and other relevant factors . there is also the potential for adjustment to the allowance for loan losses as a result of regulatory examinations . foreclosed real estate is initially recorded at fair value minus estimated costs to sell at the date of foreclosure , establishing a new cost basis . appraisals are generally used to determine fair value . after foreclosure , management reviews valuations at least quarterly and adjusts the asset to the lower of cost or fair value minus estimated costs to sell . estimates related to the value of collateral can have a significant impact on whether or not management continues to accrue income on delinquent and impaired loans and on the amounts at which foreclosed real estate is recorded on the statement of financial condition . the corporation records its available-for-sale securities portfolio at fair value . fair values for these securities are determined based on methodologies in accordance with fasb accounting standards codification ( asc ) topic 820. fair values for debt securities are volatile and may be influenced by any number of factors , including market interest rates , prepayment speeds , discount rates , credit ratings and yield curves . fair values for debt securities are based on quoted market prices , where available . if quoted market prices are not available , fair values are based on the quoted prices of similar instruments or an estimate of fair value by using a range of fair value estimates in the market place as a result of the illiquid market specific to the type of security . when the fair value of a debt security is below its amortized cost and depending on the length of time the condition exists and the extent the fair value is below amortized cost , additional analysis is performed to determine whether an other-than-temporary impairment condition exists . debt securities are analyzed quarterly for possible other-than-temporary impairment . the analysis considers whether the corporation has the intent to sell its debt securities prior to market recovery or maturity and whether it is more likely than not that the corporation will be required to sell its debt securities prior to market recovery or maturity . often , information available to conduct these assessments is limited and rapidly changing , making estimates of fair value subject to judgment . if actual information or conditions are different than estimated , the extent of the impairment of the debt security may be different than previously estimated , which could have a material effect on the corporation 's results of operations and financial condition . management discussed the development and selection of critical accounting estimates and related management discussion and analysis disclosures with the audit committee . there were no material changes made to the critical accounting estimates during the periods presented within this report . additional information is contained in management 's discussion and analysis regarding critical accounting estimates , including the provision and allowance for loan losses located on pages 37 and 55 of this report . 30 financial highlights executive summary the corporation 's net income available to common shareholders ( earnings ) was $ 12,004,000 for the full year 2017 , compared to $ 13,086,000 of earnings in 2016 , a decrease of $ 1,082,000 or 8 percent . the decrease in net income and earnings per share for the year was primarily the result of a $ 2,755,000 reduction in the net deferred tax asset value due to the new corporate tax rate of 21 percent enacted as part of the tax cuts and jobs act . ● net interest income for 2017 increased $ 5,966,000 or 11 percent when compared to 2016 , primarily due to an increase in the volume of commercial loans . ● net interest margin ( tax-equivalent basis ) for 2017 was 3.84 percent , compared to 3.89 percent for 2016. the corporation continues to have success in growing lower cost core deposits , while maintaining reasonable yields on new loan growth in a highly competitive environment . the average yield on earning assets increased to 4.53 percent in 2017 as compared to 4.51 percent in 2016 and the cost of interest-bearing liabilities increased to 0.86 percent in 2017 , as compared to 0.76 percent in 2016 . ● the loan loss provision for 2017 increased $ 1,175,000 compared to 2016 , primary due to growth in commercial loans and an increase in net charge-offs in 2017 as compared to the prior year . ● noninterest income , excluding gains on sales of investment securities , for the year ended december 31 , 2017 , totaled $ 11,443,000 representing an increase of $ 1,607,000 or 16 percent compared to noninterest income of $ 9,836,000 for 2016. specific noninterest income increases included trust fees , service charges on deposits , income from bank owned life insurance and gains on sales of loans held for sale . gains on sales of investment securities for 2017 decreased $ 115,000 when compared to 2016 . ● noninterest expense for the year ended december 31 , 2017 , totaled $ 44,986,000 representing an increase of $ 3,363,000 or 8 percent compared to $ 41,623,000 for 2016. higher costs associated with : personnel , external data processing , charitable contributions and other expenses , accounted for the majority of the increase . the primary driver of the aforementioned increase in noninterest expense was the expansion of our business and consumer banking in and support services for our maryland and pennsylvania markets . story_separator_special_tag provision for loan losses the provision for loan losses is an expense charged to earnings to cover estimated losses attributable to uncollectable loans . the provision reflects management 's judgment of an appropriate level for the allowance for loan losses . the risk management section of this report , including table 10 – nonperforming assets , table 11 – analysis of allowance for loan losses , and table 12 – allocation of allowance for loan losses , provides detailed information about the allowance for loan losses , the loan loss provision , and credit risk . for the year 2017 , the provision for loan losses was $ 4,175,000 , which was $ 1,175,000 or 39 percent higher , compared to a provision of $ 3,000,000 in 2016. the increased provision for loan losses was impacted by an increase in net charge-offs in 2017 of $ 1,766,000. one loan in the construction and land development portfolio was primary the contributor to the increase in net charge-offs . the provision for both periods supported adequate allowance for loan loss coverage , including the corporation 's substantial growth in commercial loans , and the corporation 's analysis of the adequacy of the allowance based upon the size , composition , and risks to the loan portfolio , the level of specific reserves , and realized net charge-offs . 37 noninterest income the following table presents the components of total noninterest income for each of the past three years . replace_table_token_7_th for the year 2017 , the overall $ 1,492,000 or 15 percent increase in total noninterest income , compared to the year 2016 , was primarily the result of increases in trust fees , service charges on deposit , income from bank owned life insurance , and gains on sales of loans held for sale . the discussion that follows addresses changes in selected categories of noninterest income . trust and investment services fees —the upward trend in trust and investment services fee income over the three year period presented was due to growth in trust assets under management from both new accounts , and appreciation in the market value of managed accounts , upon which some fees are based . income from mutual fund , annuity and insurance sales — income from mutual fund , annuity and insurance sales declined during the current year due to the implementation of a new regulatory rule resulting in reduced commissions . despite the reduced fees in the current year , assets under management have shown a steady increase over the last three year period . the non-deposit investment products are sold by peoplesbank 's subsidiaries codorus valley financial advisors , inc. d/b/a peopleswealth advisors . service charges on deposit accounts —for the year 2017 , the $ 468,000 or 13 percent increase in service charge income compared to the year 2016 was due to an increase in the volume of demand deposit accounts subject to fees and debit card transactions . for the year 2016 , service charge income increased $ 290,000 or 9 percent as compared to the year 2015. income from bank owned life insurance ( boli ) —for the year 2017 , the $ 167,000 or 19 percent increase in income from boli compared to 2016 was primarily due to additional investments totaling $ 4,007,000 during 2017. for the year 2016 , the $ 167,000 or 24 percent increase in income from boli compared to 2015 was primarily due to additional investments totaling $ 6,987,000 during 2016. net gain on sales of loans held for sale —the upward trend in net gains from the sale of loans held for sale is primarily due to a favorable trend in sales of fixed-rate residential mortgage loans and selling the guaranteed portion of secondary-market qualified loans originated through programs with the small business administration . 38 net gain on sales of securities —for the year 2017 , the corporation realized $ 79,000 in gains on sales of securities compared to $ 194,000 and $ 492,000 for the full years 2016 and 2015 , respectively . securities sold included those where market pricing for certain instruments provided a favorable total return upon the sales and reinvestment of proceeds , versus holding the respective securities to maturity . in addition , sales provided cash to meet short-term liquidity needs . noninterest expense the following table presents the components of total noninterest expense for each of the past three years . replace_table_token_8_th total noninterest expense for the year 2017 increased $ 3,363,000 or 8 percent above the year 2016 , reflecting the overall expansion of our business and consumer banking in and support services for our maryland and pennsylvania markets . the discussion that follows addresses changes in selected noninterest expenses . personnel— the upward trend in personnel expense was due largely to an increase in wage and benefit costs resulting from planned staff additions to support our expanded business and consumer banking services in maryland and pennsylvania . also contributing to the increase is a higher cost of health insurance . 39 occupancy of premises , net — occupancy of premises expense is comprised of rent , depreciation , maintenance , insurance , real estate taxes and utilities . the level of expense can vary annually based upon franchise expansion , repairs and maintenance , and normal business growth . furniture and equipment —the upward trend in furniture and equipment expense was in alignment with the increased personnel expense , as additional furniture , computer hardware and software ( and related depreciation and maintenance expenses ) were incurred to support staff growth . during 2017 , overall maintenance and repair expenses declined compared to 2016 offsetting some of the aforementioned increases in expenses . postage , stationary and supplies —the level of postage , stationary and supplies can vary based on growth in loan and deposit customers , franchise expansion , postage rate changes , and marketing promotions . professional and legal — the level of

liquidity maintaining adequate liquidity provides the corporation with the ability to meet financial obligations to depositors , loan clients , employees , and shareholders on a timely and cost effective basis in the normal course of business . additionally , it provides funds for growth and business opportunities as they arise . liquidity is generated from transactions relating to both the corporation 's assets and liabilities . the primary sources of asset liquidity are scheduled investment security maturities and cash inflows , funds received from client loan payments and , to a lesser degree , asset sales . the primary sources of liability liquidity are deposit growth , short-term borrowings and long-term debt . the consolidated statements of cash flows , included in this report , present the changes in cash from operating , investing and financing activities . at year-end 2017 , we believe our liquidity was adequate based upon the potential liquidation of unpledged available-for-sale securities with a fair value totaling approximately $ 52,988,000 and available credit from the federal home loan bank of pittsburgh totaling approximately $ 346,889,000. the corporation 's loan-to-deposit ratio was approximately 101 percent as of year-end 2017 and 2016. the ratio was flat as periodend deposit growth was in line with loan growth in 2017. off-balance sheet arrangements the corporation 's financial statements do not reflect various commitments that are made in the normal course of business , which may involve some liquidity risk .


 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 maintaining adequate liquidity provides the corporation with the ability to meet financial obligations to depositors , loan clients , employees , and shareholders on a timely and cost effective basis in the normal course of business . additionally , it provides funds for growth and business opportunities as they arise . liquidity is generated from transactions relating to both the corporation 's assets and liabilities . the primary sources of asset liquidity are scheduled investment security maturities and cash inflows , funds received from client loan payments and , to a lesser degree , asset sales . the primary sources of liability liquidity are deposit growth , short-term borrowings and long-term debt . the consolidated statements of cash flows , included in this report , present the changes in cash from operating , investing and financing activities . at year-end 2017 , we believe our liquidity was adequate based upon the potential liquidation of unpledged available-for-sale securities with a fair value totaling approximately $ 52,988,000 and available credit from the federal home loan bank of pittsburgh totaling approximately $ 346,889,000. the corporation 's loan-to-deposit ratio was approximately 101 percent as of year-end 2017 and 2016. the ratio was flat as periodend deposit growth was in line with loan growth in 2017. off-balance sheet arrangements the corporation 's financial statements do not reflect various commitments that are made in the normal course of business , which may involve some liquidity risk .
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 Suspicious Activity Report : management considers a variety of factors in establishing allowance for loan losses such as current economic conditions , diversification of the loan portfolio , delinquency statistics , results of internal loan reviews , financial and managerial strength of borrowers , adequacy of collateral , ( if collateral dependent , or present value of future cash flows ) and other relevant factors . there is also the potential for adjustment to the allowance for loan losses as a result of regulatory examinations . foreclosed real estate is initially recorded at fair value minus estimated costs to sell at the date of foreclosure , establishing a new cost basis . appraisals are generally used to determine fair value . after foreclosure , management reviews valuations at least quarterly and adjusts the asset to the lower of cost or fair value minus estimated costs to sell . estimates related to the value of collateral can have a significant impact on whether or not management continues to accrue income on delinquent and impaired loans and on the amounts at which foreclosed real estate is recorded on the statement of financial condition . the corporation records its available-for-sale securities portfolio at fair value . fair values for these securities are determined based on methodologies in accordance with fasb accounting standards codification ( asc ) topic 820. fair values for debt securities are volatile and may be influenced by any number of factors , including market interest rates , prepayment speeds , discount rates , credit ratings and yield curves . fair values for debt securities are based on quoted market prices , where available . if quoted market prices are not available , fair values are based on the quoted prices of similar instruments or an estimate of fair value by using a range of fair value estimates in the market place as a result of the illiquid market specific to the type of security . when the fair value of a debt security is below its amortized cost and depending on the length of time the condition exists and the extent the fair value is below amortized cost , additional analysis is performed to determine whether an other-than-temporary impairment condition exists . debt securities are analyzed quarterly for possible other-than-temporary impairment . the analysis considers whether the corporation has the intent to sell its debt securities prior to market recovery or maturity and whether it is more likely than not that the corporation will be required to sell its debt securities prior to market recovery or maturity . often , information available to conduct these assessments is limited and rapidly changing , making estimates of fair value subject to judgment . if actual information or conditions are different than estimated , the extent of the impairment of the debt security may be different than previously estimated , which could have a material effect on the corporation 's results of operations and financial condition . management discussed the development and selection of critical accounting estimates and related management discussion and analysis disclosures with the audit committee . there were no material changes made to the critical accounting estimates during the periods presented within this report . additional information is contained in management 's discussion and analysis regarding critical accounting estimates , including the provision and allowance for loan losses located on pages 37 and 55 of this report . 30 financial highlights executive summary the corporation 's net income available to common shareholders ( earnings ) was $ 12,004,000 for the full year 2017 , compared to $ 13,086,000 of earnings in 2016 , a decrease of $ 1,082,000 or 8 percent . the decrease in net income and earnings per share for the year was primarily the result of a $ 2,755,000 reduction in the net deferred tax asset value due to the new corporate tax rate of 21 percent enacted as part of the tax cuts and jobs act . ● net interest income for 2017 increased $ 5,966,000 or 11 percent when compared to 2016 , primarily due to an increase in the volume of commercial loans . ● net interest margin ( tax-equivalent basis ) for 2017 was 3.84 percent , compared to 3.89 percent for 2016. the corporation continues to have success in growing lower cost core deposits , while maintaining reasonable yields on new loan growth in a highly competitive environment . the average yield on earning assets increased to 4.53 percent in 2017 as compared to 4.51 percent in 2016 and the cost of interest-bearing liabilities increased to 0.86 percent in 2017 , as compared to 0.76 percent in 2016 . ● the loan loss provision for 2017 increased $ 1,175,000 compared to 2016 , primary due to growth in commercial loans and an increase in net charge-offs in 2017 as compared to the prior year . ● noninterest income , excluding gains on sales of investment securities , for the year ended december 31 , 2017 , totaled $ 11,443,000 representing an increase of $ 1,607,000 or 16 percent compared to noninterest income of $ 9,836,000 for 2016. specific noninterest income increases included trust fees , service charges on deposits , income from bank owned life insurance and gains on sales of loans held for sale . gains on sales of investment securities for 2017 decreased $ 115,000 when compared to 2016 . ● noninterest expense for the year ended december 31 , 2017 , totaled $ 44,986,000 representing an increase of $ 3,363,000 or 8 percent compared to $ 41,623,000 for 2016. higher costs associated with : personnel , external data processing , charitable contributions and other expenses , accounted for the majority of the increase . the primary driver of the aforementioned increase in noninterest expense was the expansion of our business and consumer banking in and support services for our maryland and pennsylvania markets . story_separator_special_tag provision for loan losses the provision for loan losses is an expense charged to earnings to cover estimated losses attributable to uncollectable loans . the provision reflects management 's judgment of an appropriate level for the allowance for loan losses . the risk management section of this report , including table 10 – nonperforming assets , table 11 – analysis of allowance for loan losses , and table 12 – allocation of allowance for loan losses , provides detailed information about the allowance for loan losses , the loan loss provision , and credit risk . for the year 2017 , the provision for loan losses was $ 4,175,000 , which was $ 1,175,000 or 39 percent higher , compared to a provision of $ 3,000,000 in 2016. the increased provision for loan losses was impacted by an increase in net charge-offs in 2017 of $ 1,766,000. one loan in the construction and land development portfolio was primary the contributor to the increase in net charge-offs . the provision for both periods supported adequate allowance for loan loss coverage , including the corporation 's substantial growth in commercial loans , and the corporation 's analysis of the adequacy of the allowance based upon the size , composition , and risks to the loan portfolio , the level of specific reserves , and realized net charge-offs . 37 noninterest income the following table presents the components of total noninterest income for each of the past three years . replace_table_token_7_th for the year 2017 , the overall $ 1,492,000 or 15 percent increase in total noninterest income , compared to the year 2016 , was primarily the result of increases in trust fees , service charges on deposit , income from bank owned life insurance , and gains on sales of loans held for sale . the discussion that follows addresses changes in selected categories of noninterest income . trust and investment services fees —the upward trend in trust and investment services fee income over the three year period presented was due to growth in trust assets under management from both new accounts , and appreciation in the market value of managed accounts , upon which some fees are based . income from mutual fund , annuity and insurance sales — income from mutual fund , annuity and insurance sales declined during the current year due to the implementation of a new regulatory rule resulting in reduced commissions . despite the reduced fees in the current year , assets under management have shown a steady increase over the last three year period . the non-deposit investment products are sold by peoplesbank 's subsidiaries codorus valley financial advisors , inc. d/b/a peopleswealth advisors . service charges on deposit accounts —for the year 2017 , the $ 468,000 or 13 percent increase in service charge income compared to the year 2016 was due to an increase in the volume of demand deposit accounts subject to fees and debit card transactions . for the year 2016 , service charge income increased $ 290,000 or 9 percent as compared to the year 2015. income from bank owned life insurance ( boli ) —for the year 2017 , the $ 167,000 or 19 percent increase in income from boli compared to 2016 was primarily due to additional investments totaling $ 4,007,000 during 2017. for the year 2016 , the $ 167,000 or 24 percent increase in income from boli compared to 2015 was primarily due to additional investments totaling $ 6,987,000 during 2016. net gain on sales of loans held for sale —the upward trend in net gains from the sale of loans held for sale is primarily due to a favorable trend in sales of fixed-rate residential mortgage loans and selling the guaranteed portion of secondary-market qualified loans originated through programs with the small business administration . 38 net gain on sales of securities —for the year 2017 , the corporation realized $ 79,000 in gains on sales of securities compared to $ 194,000 and $ 492,000 for the full years 2016 and 2015 , respectively . securities sold included those where market pricing for certain instruments provided a favorable total return upon the sales and reinvestment of proceeds , versus holding the respective securities to maturity . in addition , sales provided cash to meet short-term liquidity needs . noninterest expense the following table presents the components of total noninterest expense for each of the past three years . replace_table_token_8_th total noninterest expense for the year 2017 increased $ 3,363,000 or 8 percent above the year 2016 , reflecting the overall expansion of our business and consumer banking in and support services for our maryland and pennsylvania markets . the discussion that follows addresses changes in selected noninterest expenses . personnel— the upward trend in personnel expense was due largely to an increase in wage and benefit costs resulting from planned staff additions to support our expanded business and consumer banking services in maryland and pennsylvania . also contributing to the increase is a higher cost of health insurance . 39 occupancy of premises , net — occupancy of premises expense is comprised of rent , depreciation , maintenance , insurance , real estate taxes and utilities . the level of expense can vary annually based upon franchise expansion , repairs and maintenance , and normal business growth . furniture and equipment —the upward trend in furniture and equipment expense was in alignment with the increased personnel expense , as additional furniture , computer hardware and software ( and related depreciation and maintenance expenses ) were incurred to support staff growth . during 2017 , overall maintenance and repair expenses declined compared to 2016 offsetting some of the aforementioned increases in expenses . postage , stationary and supplies —the level of postage , stationary and supplies can vary based on growth in loan and deposit customers , franchise expansion , postage rate changes , and marketing promotions . professional and legal — the level of

