to make this distinction , the company has labeled balances and results of operations prior to the transaction date as predecessor company and balances and results of operations for periods subsequent to the transaction date as successor company. the lack of comparability arises from the assets and liabilities having new accounting bases as a result of recording them at their fair values as of the transaction date rather than at historical cost basis . to denote this lack of comparability , a heavy black line has been placed between the successor company and predecessor company columns in the discussion herein . 28 in connection with the transaction , as part of the regulatory approval process the company made certain commitments to the board of governors of the federal reserve system ( the federal reserve ) , the most significant of which are , ( i ) maintain a tier 1 leverage ratio of at least 10 % , ( ii ) maintain a total risk-based capital ratio of at least 15 % , ( iii ) limit purchased loans to 40 % of total loans , ( iv ) fund 100 % of the company 's loans with core deposits ( defined as non-maturity deposits and non-brokered insured time deposits ) , and ( v ) hold commercial real estate loans ( including owner-occupied commercial real estate ) to within 300 % of total risk-based capital . on june 28 , 2013 , the federal reserve approved the amendment of the commitment to hold commercial real estate loans to within 300 % of total risk-based capital to exclude owner-occupied commercial real estate loans . all other commitments made to the federal reserve in connection with the merger remain unchanged . the company and the bank are currently in compliance with all commitments to the federal reserve . the company 's compliance ratios at june 30 , 2013 follow . condition ratio at june 30 , 2013 ( i ) tier 1 leverage ratio 17.78 % ( ii ) total risk-based capital ratio 27.54 % ( iii ) ratio of purchased loans to total loans 37.57 % ( iv ) ratio of loans to core deposits 92.94 % ( v ) ratio of commercial real estate loans to total risk-based capital 159.07 % as a result of the sale of the company 's insurance agency business in the first quarter of fiscal 2012 and discontinuation of further significant business activities in the insurance agency segment , the company has classified the results of its insurance agency division as discontinued operations in the company 's consolidated financial statements and discussion herein . fiscal 2013 financial highlights the company 's financial and strategic highlights for fiscal 2013 include the following : · earned net income of $ 4.4 million , or $ 0.39 per diluted share , from continuing operations as compared to $ 1.0 million , or $ 0.15 per diluted share , from continuing operations in fiscal 2012 . · purchased commercial loans totaling $ 121.3 million , and earned an average yield on the purchased portfolio of 16.0 % , a result that includes regularly scheduled interest and accretion , and accelerated accretion and fees recognized on loan payoffs . the company also monitors the total return on its purchased loan portfolio , a measure that includes gains on sales of purchased loans , as well as interest , scheduled accretion and accelerated accretion and fees . on this basis , the purchased loan portfolio earned a total return of 18.3 % for fiscal 2013. an overview of the lasg portfolio for fiscal 2013 follows : replace_table_token_8_th ( 1 ) the total return on purchased loans represents scheduled accretion , accelerated accretion , gains on asset sales , and other noninterest income recorded during the period divided by the average invested balance , on an annualized basis . · increased the company 's deposit base by $ 62.4 million , principally through $ 69.0 million of net deposits raised through ablebanking , the bank 's online affinity deposit platform . · redeemed tarp preferred stock and warrants totaling $ 4.3 million . 29 results of operations  continuing operations general net income from continuing operations for the year ended june 30 , 2013 was $ 4.4 million , a $ 3.4 million increase over 2012. items of significance affecting the company 's earnings included : · an increase in the net interest margin , which grew to 4.62 % , compared to 3.69 % for the year ended june 30 , 2012 , principally due to growth in the company 's purchased loan portfolio . the following table summarizes interest income and related yields recognized on the company 's loans . replace_table_token_9_th the yield on purchased loans was increased by unscheduled loan payoffs , which resulted in immediate recognition of the prepaid loans ' discount in interest income . the following table details the total return on purchased loans , which includes transactional income of $ 10.6 million for the year ended june 30 , 2013. replace_table_token_10_th ( 1 ) the total return on purchased loans represents scheduled accretion , accelerated accretion , gains on asset sales , and other noninterest income recorded during the period divided by the average invested balance , on an annualized basis . · net gains on residential mortgage loan sales of $ 3.0 million , compared to $ 2.8 million in fiscal 2012 . · net gains on portfolio loan sales of $ 2.3 million , compared to $ 1.1 million in fiscal 2012 . · an increase of $ 6.5 million in noninterest expense , principally resulting from increased staffing and infrastructure costs necessary to execute the company 's loan purchasing strategy . further , during fiscal 2013 , the company incurred $ 1.4 million of nonrecurring expenses related to severance and the settlement of a previously disclosed lawsuit . story_separator_special_tag such concessions may include reductions of interest rates to below-market terms and or extension of repayment terms . tdrs increased $ 2.4 million during fiscal 2013 , of which , $ 1.1 million related to loans discharged in bankruptcy in prior years . under recent regulatory guidance , these loans are required to be classified as tdrs and are considered collateral dependent impaired loans . the balances and payment status of tdrs follow : replace_table_token_31_th at june 30 , 2013 , the company had real estate owned and other repossessed collateral amounting to $ 2.1 million , compared to $ 834 thousand at june 30 , 2012 , an increase of $ 1.3 million . the real estate and personal property collateral for commercial and consumer loans are written down to fair value upon transfer to acquired assets . revenues and expenses are recognized in the period when received or incurred on other real estate and in substance foreclosures . gains and losses on disposition are recognized in noninterest income . we continue to focus on asset quality issues and allocate significant resources to credit policy , loan review , asset management , collection , and workout functions . despite this ongoing effort , there can be no assurance that adverse changes in the real estate markets and economic conditions will not result in higher non-performing assets levels in the future and negatively impact our results of operations through higher provision for loan losses , net loan charge-offs , decreased accrual of income and increased noninterest expenses . 43 potential problem loans commercial real estate and commercial loans are periodically evaluated under a ten-point rating system . these ratings are guidelines in assessing the risk of a particular loan . the company had $ 2.9 million and $ 2.5 million of commercial loans rated substandard or worse at june 30 , 2013 and june 30 , 2012 , respectively . replace_table_token_32_th replace_table_token_33_th risk management management and the board of directors of the company recognize that taking and managing risk is fundamental to the business of banking . through the development , implementation and monitoring of its policies with respect to risk management , the company strives to measure , evaluate and control the risks it faces . the board and management understand that an effective risk management system is critical to the company 's safety and soundness . chief among the risks faced by us are credit risk , market risk ( including interest rate risk ) , liquidity risk , and operational ( transaction ) risk . credit risk the company considers credit risk to be the most significant risk that it faces , in that it has the greatest potential to affect the financial condition and operating results of the company . credit risk is managed through a combination of policies and limits established by the board , the monitoring of compliance with these policies and limits , and the periodic evaluation of loans in the portfolio , including those with problem characteristics . the company also utilizes the services of an independent third-party to provide loan review services , which consist of a variety of monitoring techniques after a loan is purchased or originated . in general , northeast 's policies establish limits on the maximum amount of credit that may be granted to a single borrower ( including affiliates ) , the aggregate amount of loans outstanding by type in relation to total assets and capital , and concentrations of loans by size , property type , and geography . underwriting criteria , such as collateral and debt service coverage ratios and approval limits are also specified in loan policies . the company 's policies also address the performance of periodic credit reviews , the risk rating of loans , when loans should be placed on non-performing status and factors that should be considered in establishing the bank 's allowance for loan losses . for additional information , refer to asset quality above and item 1 , businesslending activities. market risk market risk is the risk of loss due to adverse changes in market prices and rates , and typically encompasses exposures such as sensitivity to changes in market interest rates , foreign currency exchange rates , and commodity prices . the company has no exposure to foreign currency exchange or commodity price movements . because net interest income is our primary source of revenue , interest rate risk is a significant market risk to which the company is exposed . interest rate risk can be defined as the exposure of future net interest income to adverse movements in interest rates . net interest income is affected by changes in interest rates as well as by fluctuations in the level , mix and duration of the company 's assets and liabilities . over and above the influence that interest rates have on net interest income , changes in rates also affect the volume of lending activity , the ability of borrowers to repay loans , the volume of loan prepayments , the flow and mix of deposits , and the market value of the company 's assets and liabilities . the company 's management has established an asset liability management committee ( alco ) , which is responsible for managing the company 's interest rate risk in accordance with policies and limits approved by the board of directors . with regard to 44 management of market risk , the alco is charged with managing the company 's mix of assets and funding sources to produce results that are consistent with the company 's liquidity , capital adequacy , growth , and profitability goals . exposure to interest rate risk is managed by northeast through periodic evaluations of the current interest rate risk inherent in its rate-sensitive assets and liabilities , coupled with determinations of the level of risk considered appropriate given the company 's capital and liquidity requirements , business strategy , and performance objectives .

cash and cash equivalents cash and cash equivalents decreased $ 62.3 million , or 48.6 % , to $ 65.9 million at june 30 , 2013 as compared to $ 128.3 million at june 30 , 2012. this decrease occurred as cash was used to fund loan growth . 36 investments securities the available-for-sale securities portfolio totaled $ 121.6 million and $ 133.3 million at june 30 , 2013 and 2012 , respectively . the year over year decrease of $ 11.7 million , or 8.8 % , was primarily due to principal amortization of mortgage-backed securities during the year . mortgage-backed securities and u.s. government-sponsored enterprise bonds totaling $ 53.5 million were pledged for outstanding borrowings at june 30 , 2013. at june 30 , 2013 , the company 's investment portfolio was comprised entirely of u.s. government-sponsored enterprise bonds and mortgage-backed securities guaranteed by government agencies . generally , funds retained by the company as a result of increases in deposits or decreases in loans , to the extent not immediately deployed by the bank , are invested in securities held in its investment portfolio , which serves as a source of liquidity for the company . the composition of the company 's securities portfolio at the dates indicated follows . replace_table_token_17_th the table below sets forth certain information regarding the contractual maturities and weighted average yields of the company 's securities portfolio at june 30 , 2013. actual maturities of mortgage-backed securities will differ from contractual maturities due both to scheduled amortization and prepayments . replace_table_token_18_th management reviews the portfolio of investments on an ongoing basis to determine if there have been any other-than-temporary declines in value . no other-than-temporary impairment expense was recognized during fiscal 2013 or fiscal 2012 . 37 loans loans , including loans held-for-sale , totaled $ 444.0 million at june 30 , 2013 , compared to $ 366.1 million at june 30 , 2012. the increase of $ 77.9 million , or 21.3 % , at june 30 , 2013 , was principally due to net increases of $ 83.7 million and $ 10.1 million in commercial real estate and commercial business loans , respectively , offset by decreases in all other categories .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash and cash equivalents cash and cash equivalents decreased $ 62.3 million , or 48.6 % , to $ 65.9 million at june 30 , 2013 as compared to $ 128.3 million at june 30 , 2012. this decrease occurred as cash was used to fund loan growth . 36 investments securities the available-for-sale securities portfolio totaled $ 121.6 million and $ 133.3 million at june 30 , 2013 and 2012 , respectively . the year over year decrease of $ 11.7 million , or 8.8 % , was primarily due to principal amortization of mortgage-backed securities during the year . mortgage-backed securities and u.s. government-sponsored enterprise bonds totaling $ 53.5 million were pledged for outstanding borrowings at june 30 , 2013. at june 30 , 2013 , the company 's investment portfolio was comprised entirely of u.s. government-sponsored enterprise bonds and mortgage-backed securities guaranteed by government agencies . generally , funds retained by the company as a result of increases in deposits or decreases in loans , to the extent not immediately deployed by the bank , are invested in securities held in its investment portfolio , which serves as a source of liquidity for the company . the composition of the company 's securities portfolio at the dates indicated follows . replace_table_token_17_th the table below sets forth certain information regarding the contractual maturities and weighted average yields of the company 's securities portfolio at june 30 , 2013. actual maturities of mortgage-backed securities will differ from contractual maturities due both to scheduled amortization and prepayments . replace_table_token_18_th management reviews the portfolio of investments on an ongoing basis to determine if there have been any other-than-temporary declines in value . no other-than-temporary impairment expense was recognized during fiscal 2013 or fiscal 2012 . 37 loans loans , including loans held-for-sale , totaled $ 444.0 million at june 30 , 2013 , compared to $ 366.1 million at june 30 , 2012. the increase of $ 77.9 million , or 21.3 % , at june 30 , 2013 , was principally due to net increases of $ 83.7 million and $ 10.1 million in commercial real estate and commercial business loans , respectively , offset by decreases in all other categories .
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 Suspicious Activity Report : to make this distinction , the company has labeled balances and results of operations prior to the transaction date as predecessor company and balances and results of operations for periods subsequent to the transaction date as successor company. the lack of comparability arises from the assets and liabilities having new accounting bases as a result of recording them at their fair values as of the transaction date rather than at historical cost basis . to denote this lack of comparability , a heavy black line has been placed between the successor company and predecessor company columns in the discussion herein . 28 in connection with the transaction , as part of the regulatory approval process the company made certain commitments to the board of governors of the federal reserve system ( the federal reserve ) , the most significant of which are , ( i ) maintain a tier 1 leverage ratio of at least 10 % , ( ii ) maintain a total risk-based capital ratio of at least 15 % , ( iii ) limit purchased loans to 40 % of total loans , ( iv ) fund 100 % of the company 's loans with core deposits ( defined as non-maturity deposits and non-brokered insured time deposits ) , and ( v ) hold commercial real estate loans ( including owner-occupied commercial real estate ) to within 300 % of total risk-based capital . on june 28 , 2013 , the federal reserve approved the amendment of the commitment to hold commercial real estate loans to within 300 % of total risk-based capital to exclude owner-occupied commercial real estate loans . all other commitments made to the federal reserve in connection with the merger remain unchanged . the company and the bank are currently in compliance with all commitments to the federal reserve . the company 's compliance ratios at june 30 , 2013 follow . condition ratio at june 30 , 2013 ( i ) tier 1 leverage ratio 17.78 % ( ii ) total risk-based capital ratio 27.54 % ( iii ) ratio of purchased loans to total loans 37.57 % ( iv ) ratio of loans to core deposits 92.94 % ( v ) ratio of commercial real estate loans to total risk-based capital 159.07 % as a result of the sale of the company 's insurance agency business in the first quarter of fiscal 2012 and discontinuation of further significant business activities in the insurance agency segment , the company has classified the results of its insurance agency division as discontinued operations in the company 's consolidated financial statements and discussion herein . fiscal 2013 financial highlights the company 's financial and strategic highlights for fiscal 2013 include the following : · earned net income of $ 4.4 million , or $ 0.39 per diluted share , from continuing operations as compared to $ 1.0 million , or $ 0.15 per diluted share , from continuing operations in fiscal 2012 . · purchased commercial loans totaling $ 121.3 million , and earned an average yield on the purchased portfolio of 16.0 % , a result that includes regularly scheduled interest and accretion , and accelerated accretion and fees recognized on loan payoffs . the company also monitors the total return on its purchased loan portfolio , a measure that includes gains on sales of purchased loans , as well as interest , scheduled accretion and accelerated accretion and fees . on this basis , the purchased loan portfolio earned a total return of 18.3 % for fiscal 2013. an overview of the lasg portfolio for fiscal 2013 follows : replace_table_token_8_th ( 1 ) the total return on purchased loans represents scheduled accretion , accelerated accretion , gains on asset sales , and other noninterest income recorded during the period divided by the average invested balance , on an annualized basis . · increased the company 's deposit base by $ 62.4 million , principally through $ 69.0 million of net deposits raised through ablebanking , the bank 's online affinity deposit platform . · redeemed tarp preferred stock and warrants totaling $ 4.3 million . 29 results of operations  continuing operations general net income from continuing operations for the year ended june 30 , 2013 was $ 4.4 million , a $ 3.4 million increase over 2012. items of significance affecting the company 's earnings included : · an increase in the net interest margin , which grew to 4.62 % , compared to 3.69 % for the year ended june 30 , 2012 , principally due to growth in the company 's purchased loan portfolio . the following table summarizes interest income and related yields recognized on the company 's loans . replace_table_token_9_th the yield on purchased loans was increased by unscheduled loan payoffs , which resulted in immediate recognition of the prepaid loans ' discount in interest income . the following table details the total return on purchased loans , which includes transactional income of $ 10.6 million for the year ended june 30 , 2013. replace_table_token_10_th ( 1 ) the total return on purchased loans represents scheduled accretion , accelerated accretion , gains on asset sales , and other noninterest income recorded during the period divided by the average invested balance , on an annualized basis . · net gains on residential mortgage loan sales of $ 3.0 million , compared to $ 2.8 million in fiscal 2012 . · net gains on portfolio loan sales of $ 2.3 million , compared to $ 1.1 million in fiscal 2012 . · an increase of $ 6.5 million in noninterest expense , principally resulting from increased staffing and infrastructure costs necessary to execute the company 's loan purchasing strategy . further , during fiscal 2013 , the company incurred $ 1.4 million of nonrecurring expenses related to severance and the settlement of a previously disclosed lawsuit . story_separator_special_tag such concessions may include reductions of interest rates to below-market terms and or extension of repayment terms . tdrs increased $ 2.4 million during fiscal 2013 , of which , $ 1.1 million related to loans discharged in bankruptcy in prior years . under recent regulatory guidance , these loans are required to be classified as tdrs and are considered collateral dependent impaired loans . the balances and payment status of tdrs follow : replace_table_token_31_th at june 30 , 2013 , the company had real estate owned and other repossessed collateral amounting to $ 2.1 million , compared to $ 834 thousand at june 30 , 2012 , an increase of $ 1.3 million . the real estate and personal property collateral for commercial and consumer loans are written down to fair value upon transfer to acquired assets . revenues and expenses are recognized in the period when received or incurred on other real estate and in substance foreclosures . gains and losses on disposition are recognized in noninterest income . we continue to focus on asset quality issues and allocate significant resources to credit policy , loan review , asset management , collection , and workout functions . despite this ongoing effort , there can be no assurance that adverse changes in the real estate markets and economic conditions will not result in higher non-performing assets levels in the future and negatively impact our results of operations through higher provision for loan losses , net loan charge-offs , decreased accrual of income and increased noninterest expenses . 43 potential problem loans commercial real estate and commercial loans are periodically evaluated under a ten-point rating system . these ratings are guidelines in assessing the risk of a particular loan . the company had $ 2.9 million and $ 2.5 million of commercial loans rated substandard or worse at june 30 , 2013 and june 30 , 2012 , respectively . replace_table_token_32_th replace_table_token_33_th risk management management and the board of directors of the company recognize that taking and managing risk is fundamental to the business of banking . through the development , implementation and monitoring of its policies with respect to risk management , the company strives to measure , evaluate and control the risks it faces . the board and management understand that an effective risk management system is critical to the company 's safety and soundness . chief among the risks faced by us are credit risk , market risk ( including interest rate risk ) , liquidity risk , and operational ( transaction ) risk . credit risk the company considers credit risk to be the most significant risk that it faces , in that it has the greatest potential to affect the financial condition and operating results of the company . credit risk is managed through a combination of policies and limits established by the board , the monitoring of compliance with these policies and limits , and the periodic evaluation of loans in the portfolio , including those with problem characteristics . the company also utilizes the services of an independent third-party to provide loan review services , which consist of a variety of monitoring techniques after a loan is purchased or originated . in general , northeast 's policies establish limits on the maximum amount of credit that may be granted to a single borrower ( including affiliates ) , the aggregate amount of loans outstanding by type in relation to total assets and capital , and concentrations of loans by size , property type , and geography . underwriting criteria , such as collateral and debt service coverage ratios and approval limits are also specified in loan policies . the company 's policies also address the performance of periodic credit reviews , the risk rating of loans , when loans should be placed on non-performing status and factors that should be considered in establishing the bank 's allowance for loan losses . for additional information , refer to asset quality above and item 1 , businesslending activities. market risk market risk is the risk of loss due to adverse changes in market prices and rates , and typically encompasses exposures such as sensitivity to changes in market interest rates , foreign currency exchange rates , and commodity prices . the company has no exposure to foreign currency exchange or commodity price movements . because net interest income is our primary source of revenue , interest rate risk is a significant market risk to which the company is exposed . interest rate risk can be defined as the exposure of future net interest income to adverse movements in interest rates . net interest income is affected by changes in interest rates as well as by fluctuations in the level , mix and duration of the company 's assets and liabilities . over and above the influence that interest rates have on net interest income , changes in rates also affect the volume of lending activity , the ability of borrowers to repay loans , the volume of loan prepayments , the flow and mix of deposits , and the market value of the company 's assets and liabilities . the company 's management has established an asset liability management committee ( alco ) , which is responsible for managing the company 's interest rate risk in accordance with policies and limits approved by the board of directors . with regard to 44 management of market risk , the alco is charged with managing the company 's mix of assets and funding sources to produce results that are consistent with the company 's liquidity , capital adequacy , growth , and profitability goals . exposure to interest rate risk is managed by northeast through periodic evaluations of the current interest rate risk inherent in its rate-sensitive assets and liabilities , coupled with determinations of the level of risk considered appropriate given the company 's capital and liquidity requirements , business strategy , and performance objectives .

