you should carefully review all of these factors , and you should be aware that there may be other factors that could cause these differences . these forward-looking statements were based on information , plans and estimates at the date of this annual report , and we assume no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors , new information , future events or other changes . although the company believes that the expectations reflected in such forward-looking statements are reasonable , actual results may differ materially from the results discussed in these forward-looking statements . readers are also urged to carefully review and consider the various disclosures made by the company , which attempt to advise interested parties of the factors that affect the company 's business . critical accounting policies management 's discussion and analysis of the company 's financial condition and results of operations is based on the consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the united states of america . the preparation of such financial statements requires management to make estimates and assumptions that affect the reported amounts of assets , liabilities , revenues and expenses and related disclosure of contingent assets and liabilities . on an ongoing basis , management evaluates its estimates , including those related to the allowance for loan losses , goodwill , the valuation of mortgage servicing rights , and other-than-temporary impairment on securities . management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis in making judgments about the carrying values of assets that are not readily apparent from other sources . actual results could differ from the amounts derived from management 's estimates and assumptions under different assumptions or conditions . the first bancorp - 2016 form 10-k - page 23 allowance for loan losses . management believes the allowance for loan losses requires the most significant estimates and assumptions used in the preparation of the consolidated financial statements . the allowance for loan losses is based on management 's evaluation of the level of the allowance required in relation to the estimated loss exposure in the loan portfolio . management believes the allowance for loan losses is a significant estimate and therefore regularly evaluates it to determine the appropriate level by taking into consideration factors such as prior loan loss experience , the character and size of the loan portfolio , business and economic conditions and management 's estimation of potential losses . the use of different estimates or assumptions could produce different provisions for loan losses . goodwill . management utilizes numerous techniques to estimate the value of various assets held by the company , including methods to determine the appropriate carrying value of goodwill as required under financial accounting standards board ( `` fasb `` ) accounting standards codification ( `` asc `` ) topic 350 `` intangibles – goodwill and other . `` goodwill from purchase acquisitions is subject to ongoing periodic evaluation for impairment . mortgage servicing rights . the valuation of mortgage servicing rights is a critical accounting policy which requires significant estimates and assumptions . the bank often sells mortgage loans it originates and retains the ongoing servicing of such loans , receiving a fee for these services , generally 0.25 % of the outstanding balance of the loan per annum . mortgage servicing rights are recognized at fair value when they are acquired through the sale of loans , and are reported in other assets . they are amortized into non-interest income in proportion to , and over the period of , the estimated future net servicing income of the underlying financial assets . the rights are subsequently carried at the lower of amortized cost or fair value . management uses an independent firm which specializes in the valuation of mortgage servicing rights to determine the fair value . the most important assumption is the anticipated loan prepayment rate , and increases in prepayment speed results in lower valuations of mortgage servicing rights . the valuation also includes an evaluation for impairment based upon the fair value of the rights , which can vary depending upon current interest rates and prepayment expectations , as compared to amortized cost . impairment is determined by stratifying rights by predominant characteristics , such as interest rates and terms . the use of different assumptions could produce a different valuation . all of the assumptions are based on standards the company believes would be utilized by market participants in valuing mortgage servicing rights and are consistently derived and or benchmarked against independent public sources . other-than-temporary impairment on securities . one of the significant estimates related to investment securities is the evaluation of other-than-temporary impairments . the evaluation of securities for other-than-temporary impairments is a quantitative and qualitative process , which is subject to risks and uncertainties and is intended to determine whether declines in the fair value of investments should be recognized in current period earnings . the risks and uncertainties include changes in general economic conditions , the issuer 's financial condition and or future prospects , the effects of changes in interest rates or credit spreads and the expected recovery period of unrealized losses . securities that are in an unrealized loss position are reviewed at least quarterly to determine if other-than-temporary impairment is present based on certain quantitative and qualitative factors and measures . story_separator_special_tag the company 's provision to the allowance for loan losses was $ 1.6 million in 2015 compared to $ 1.2 million in 2014. this was 0.10 % of average assets in 2015 , compared to 0.09 % of average assets for our peer group . the allowance for loan losses stood at 1.00 % of total loans as of december 31 , 2015 , compared to 1.13 % at december 31 , 2014. credit quality improved significantly in 2015. net loan chargeoffs were $ 2.0 million or 0.21 % of average loans , down $ 342,000 from net chargeoffs of $ 2.3 million or 0.26 % of average loans in 2014. non-performing assets stood at 0.57 % of total assets as of december 31 , 2015 compared to 0.97 % of total assets at december 31 , 2014. past-due loans were 0.84 % of total loans as of december 31 , 2015 , down significantly from 1.29 % of total loans as of december 31 , 2014. income taxes income taxes on operating earnings were $ 6.5 million for the year ended december 31 , 2016 , up $ 940,000 from the same period in 2015 . this is in line with the increase in the company 's level of income before taxes . income taxes on operating earnings were $ 5.5 million for the year ended december 31 , 2015 , up $ 948,000 from the same period in 2014 . this is in line with the increase in the company 's level of income before taxes . net income net income for 2016 was $ 18.0 million , up 11.1 % or $ 1.8 million from net income of $ 16.2 million that was posted in 2015 . earnings per share on a fully diluted basis were $ 1.66 , up $ 0.15 or 9.9 % from the $ 1.51 reported for the year ended december 31 , 2015 . net income for 2015 was $ 16.2 million , up 10.2 % or $ 1.5 million from net income of $ 14.7 million that was posted in 2014. earnings per share on a fully diluted basis were $ 1.51 , up $ 0.14 or 10.2 % from the $ 1.37 reported for the year ended december 31 , 2014. key ratios return on average assets in 2016 was 1.12 % , up from the 1.07 % and the 0.99 % posted in 2015 and 2014 , respectively . return on average tangible common equity was 12.42 % in 2016 , compared to 11.90 % in 2015 and 11.57 % in 2014 . in 2016 , the company 's dividend payout ratio ( dividends declared per share divided by earnings per share ) was 61.31 % , compared to 57.24 % in 2015 and 60.14 % in 2014 . the company 's efficiency ratio – a benchmark measure of the amount spent to generate a dollar of income – was 50.43 % in 2016 compared to 63.70 % for the bank 's peer group , on average . in 2015 , the company 's efficiency ratio was 54.26 % compared to 65.23 % for the bank 's peer group , on average . the first bancorp - 2016 form 10-k - page 30 investment management and fiduciary activities as of december 31 , 2016 , first advisors , the bank 's private banking and investment management division , had assets under management with a market value of $ 851.0 million , consisting of 1,031 trust accounts , estate accounts , agency accounts , and self-directed individual retirement accounts . this compares to december 31 , 2015 , when 1,041 accounts with a market value of $ 762.0 million were under management . assets and asset quality total assets of $ 1.713 billion at december 31 , 2016 increased 9.5 % or $ 148.1 million from $ 1.565 billion at december 31 , 2015 . the investment portfolio increased $ 61.9 million or 13.0 % over december 31 , 2015 , and the loan portfolio increased $ 82.9 million or 8.4 % . year-over-year , average assets were up $ 100.4 million in 2016 over 2015 . average loans in 2016 were $ 71.4 million higher than in 2015 , and average investments in 2016 were $ 22.2 million higher than in 2015 . credit quality continued to improve in 2016 . non-performing assets to total assets stood at 0.48 % at december 31 , 2016 , below 0.57 % of total assets at december 31 , 2015 and 0.97 % of total assets at december 31 , 2014 . in management 's opinion , the company 's long-standing approach to working with borrowers and ethical loan underwriting standards helps alleviate some of the payment problems on customers ' loans and minimizes actual loan losses . net chargeoffs in 2016 were $ 1.4 million or 0.13 % of average loans outstanding . this compares to net chargeoffs in 2015 of $ 2.0 million or 0.21 % of average loans outstanding and net charge offs for our ubpr peer group in 2016 of 0.10 % of average loans . residential real estate term loans represent 38.4 % of the total loan portfolio , and this loan category generally has a lower level of losses in comparison to other loan types . in 2016 , the loss ratio for residential mortgages was 0.08 % compared to 0.13 % for the entire loan portfolio . the company does not have a credit card portfolio or offer dealer consumer loans which generally carry more risk and potentially higher losses . the allowance for loan losses ended 2016 at $ 10.1 million and stood at 0.95 % of total loans outstanding compared to $ 9.9 million and 1.00 % of total loans outstanding at december 31 , 2015 . a $ 1.6 million provision for losses was made in 2016 and net charge offs totaled $ 1.4 million , resulting in the allowance for loan

capital resources shareholders ' equity as of december 31 , 2016 was $ 172.5 million , compared to $ 167.5 million as of december 31 , 2015 . capital at december 31 , 2016 was sufficient to meet the requirements of regulatory authorities . leverage capital of the company , or total shareholders ' equity divided by average total assets for the current quarter less goodwill and any net unrealized gain or loss on securities available for sale and postretirement benefits , stood at 8.71 % on december 31 , 2016 and 8.81 % at december 31 , 2015 . to be rated `` well-capitalized '' , regulatory requirements call for a minimum leverage capital ratio of 5.00 % . at december 31 , 2016 , the company had tier-one risk-based capital of 14.64 % and tier-two risk-based capital of 15.69 % , versus 14.70 % and 15.78 % , respectively , at december 31 , 2015 . to be rated `` well-capitalized '' , regulatory requirements call for minimum tier-one and tier-two risk-based capital ratios of 8.00 % and 10.00 % , respectively . the the first bancorp - 2016 form 10-k - page 48 company 's actual levels of capitalization were comfortably above the standards to be rated `` well-capitalized '' by regulatory authorities . during 2016 , the company declared cash dividends of $ 0.22 per share in the first quarter and $ 0.23 per share in the remaining three quarters , as well as a special dividend of $ 0.12 per share in the fourth quarter or $ 1.03 per share for the year .


 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 shareholders ' equity as of december 31 , 2016 was $ 172.5 million , compared to $ 167.5 million as of december 31 , 2015 . capital at december 31 , 2016 was sufficient to meet the requirements of regulatory authorities . leverage capital of the company , or total shareholders ' equity divided by average total assets for the current quarter less goodwill and any net unrealized gain or loss on securities available for sale and postretirement benefits , stood at 8.71 % on december 31 , 2016 and 8.81 % at december 31 , 2015 . to be rated `` well-capitalized '' , regulatory requirements call for a minimum leverage capital ratio of 5.00 % . at december 31 , 2016 , the company had tier-one risk-based capital of 14.64 % and tier-two risk-based capital of 15.69 % , versus 14.70 % and 15.78 % , respectively , at december 31 , 2015 . to be rated `` well-capitalized '' , regulatory requirements call for minimum tier-one and tier-two risk-based capital ratios of 8.00 % and 10.00 % , respectively . the the first bancorp - 2016 form 10-k - page 48 company 's actual levels of capitalization were comfortably above the standards to be rated `` well-capitalized '' by regulatory authorities . during 2016 , the company declared cash dividends of $ 0.22 per share in the first quarter and $ 0.23 per share in the remaining three quarters , as well as a special dividend of $ 0.12 per share in the fourth quarter or $ 1.03 per share for the year .
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 Suspicious Activity Report : you should carefully review all of these factors , and you should be aware that there may be other factors that could cause these differences . these forward-looking statements were based on information , plans and estimates at the date of this annual report , and we assume no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors , new information , future events or other changes . although the company believes that the expectations reflected in such forward-looking statements are reasonable , actual results may differ materially from the results discussed in these forward-looking statements . readers are also urged to carefully review and consider the various disclosures made by the company , which attempt to advise interested parties of the factors that affect the company 's business . critical accounting policies management 's discussion and analysis of the company 's financial condition and results of operations is based on the consolidated financial statements which are prepared in accordance with accounting principles generally accepted in the united states of america . the preparation of such financial statements requires management to make estimates and assumptions that affect the reported amounts of assets , liabilities , revenues and expenses and related disclosure of contingent assets and liabilities . on an ongoing basis , management evaluates its estimates , including those related to the allowance for loan losses , goodwill , the valuation of mortgage servicing rights , and other-than-temporary impairment on securities . management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis in making judgments about the carrying values of assets that are not readily apparent from other sources . actual results could differ from the amounts derived from management 's estimates and assumptions under different assumptions or conditions . the first bancorp - 2016 form 10-k - page 23 allowance for loan losses . management believes the allowance for loan losses requires the most significant estimates and assumptions used in the preparation of the consolidated financial statements . the allowance for loan losses is based on management 's evaluation of the level of the allowance required in relation to the estimated loss exposure in the loan portfolio . management believes the allowance for loan losses is a significant estimate and therefore regularly evaluates it to determine the appropriate level by taking into consideration factors such as prior loan loss experience , the character and size of the loan portfolio , business and economic conditions and management 's estimation of potential losses . the use of different estimates or assumptions could produce different provisions for loan losses . goodwill . management utilizes numerous techniques to estimate the value of various assets held by the company , including methods to determine the appropriate carrying value of goodwill as required under financial accounting standards board ( `` fasb `` ) accounting standards codification ( `` asc `` ) topic 350 `` intangibles – goodwill and other . `` goodwill from purchase acquisitions is subject to ongoing periodic evaluation for impairment . mortgage servicing rights . the valuation of mortgage servicing rights is a critical accounting policy which requires significant estimates and assumptions . the bank often sells mortgage loans it originates and retains the ongoing servicing of such loans , receiving a fee for these services , generally 0.25 % of the outstanding balance of the loan per annum . mortgage servicing rights are recognized at fair value when they are acquired through the sale of loans , and are reported in other assets . they are amortized into non-interest income in proportion to , and over the period of , the estimated future net servicing income of the underlying financial assets . the rights are subsequently carried at the lower of amortized cost or fair value . management uses an independent firm which specializes in the valuation of mortgage servicing rights to determine the fair value . the most important assumption is the anticipated loan prepayment rate , and increases in prepayment speed results in lower valuations of mortgage servicing rights . the valuation also includes an evaluation for impairment based upon the fair value of the rights , which can vary depending upon current interest rates and prepayment expectations , as compared to amortized cost . impairment is determined by stratifying rights by predominant characteristics , such as interest rates and terms . the use of different assumptions could produce a different valuation . all of the assumptions are based on standards the company believes would be utilized by market participants in valuing mortgage servicing rights and are consistently derived and or benchmarked against independent public sources . other-than-temporary impairment on securities . one of the significant estimates related to investment securities is the evaluation of other-than-temporary impairments . the evaluation of securities for other-than-temporary impairments is a quantitative and qualitative process , which is subject to risks and uncertainties and is intended to determine whether declines in the fair value of investments should be recognized in current period earnings . the risks and uncertainties include changes in general economic conditions , the issuer 's financial condition and or future prospects , the effects of changes in interest rates or credit spreads and the expected recovery period of unrealized losses . securities that are in an unrealized loss position are reviewed at least quarterly to determine if other-than-temporary impairment is present based on certain quantitative and qualitative factors and measures . story_separator_special_tag the company 's provision to the allowance for loan losses was $ 1.6 million in 2015 compared to $ 1.2 million in 2014. this was 0.10 % of average assets in 2015 , compared to 0.09 % of average assets for our peer group . the allowance for loan losses stood at 1.00 % of total loans as of december 31 , 2015 , compared to 1.13 % at december 31 , 2014. credit quality improved significantly in 2015. net loan chargeoffs were $ 2.0 million or 0.21 % of average loans , down $ 342,000 from net chargeoffs of $ 2.3 million or 0.26 % of average loans in 2014. non-performing assets stood at 0.57 % of total assets as of december 31 , 2015 compared to 0.97 % of total assets at december 31 , 2014. past-due loans were 0.84 % of total loans as of december 31 , 2015 , down significantly from 1.29 % of total loans as of december 31 , 2014. income taxes income taxes on operating earnings were $ 6.5 million for the year ended december 31 , 2016 , up $ 940,000 from the same period in 2015 . this is in line with the increase in the company 's level of income before taxes . income taxes on operating earnings were $ 5.5 million for the year ended december 31 , 2015 , up $ 948,000 from the same period in 2014 . this is in line with the increase in the company 's level of income before taxes . net income net income for 2016 was $ 18.0 million , up 11.1 % or $ 1.8 million from net income of $ 16.2 million that was posted in 2015 . earnings per share on a fully diluted basis were $ 1.66 , up $ 0.15 or 9.9 % from the $ 1.51 reported for the year ended december 31 , 2015 . net income for 2015 was $ 16.2 million , up 10.2 % or $ 1.5 million from net income of $ 14.7 million that was posted in 2014. earnings per share on a fully diluted basis were $ 1.51 , up $ 0.14 or 10.2 % from the $ 1.37 reported for the year ended december 31 , 2014. key ratios return on average assets in 2016 was 1.12 % , up from the 1.07 % and the 0.99 % posted in 2015 and 2014 , respectively . return on average tangible common equity was 12.42 % in 2016 , compared to 11.90 % in 2015 and 11.57 % in 2014 . in 2016 , the company 's dividend payout ratio ( dividends declared per share divided by earnings per share ) was 61.31 % , compared to 57.24 % in 2015 and 60.14 % in 2014 . the company 's efficiency ratio – a benchmark measure of the amount spent to generate a dollar of income – was 50.43 % in 2016 compared to 63.70 % for the bank 's peer group , on average . in 2015 , the company 's efficiency ratio was 54.26 % compared to 65.23 % for the bank 's peer group , on average . the first bancorp - 2016 form 10-k - page 30 investment management and fiduciary activities as of december 31 , 2016 , first advisors , the bank 's private banking and investment management division , had assets under management with a market value of $ 851.0 million , consisting of 1,031 trust accounts , estate accounts , agency accounts , and self-directed individual retirement accounts . this compares to december 31 , 2015 , when 1,041 accounts with a market value of $ 762.0 million were under management . assets and asset quality total assets of $ 1.713 billion at december 31 , 2016 increased 9.5 % or $ 148.1 million from $ 1.565 billion at december 31 , 2015 . the investment portfolio increased $ 61.9 million or 13.0 % over december 31 , 2015 , and the loan portfolio increased $ 82.9 million or 8.4 % . year-over-year , average assets were up $ 100.4 million in 2016 over 2015 . average loans in 2016 were $ 71.4 million higher than in 2015 , and average investments in 2016 were $ 22.2 million higher than in 2015 . credit quality continued to improve in 2016 . non-performing assets to total assets stood at 0.48 % at december 31 , 2016 , below 0.57 % of total assets at december 31 , 2015 and 0.97 % of total assets at december 31 , 2014 . in management 's opinion , the company 's long-standing approach to working with borrowers and ethical loan underwriting standards helps alleviate some of the payment problems on customers ' loans and minimizes actual loan losses . net chargeoffs in 2016 were $ 1.4 million or 0.13 % of average loans outstanding . this compares to net chargeoffs in 2015 of $ 2.0 million or 0.21 % of average loans outstanding and net charge offs for our ubpr peer group in 2016 of 0.10 % of average loans . residential real estate term loans represent 38.4 % of the total loan portfolio , and this loan category generally has a lower level of losses in comparison to other loan types . in 2016 , the loss ratio for residential mortgages was 0.08 % compared to 0.13 % for the entire loan portfolio . the company does not have a credit card portfolio or offer dealer consumer loans which generally carry more risk and potentially higher losses . the allowance for loan losses ended 2016 at $ 10.1 million and stood at 0.95 % of total loans outstanding compared to $ 9.9 million and 1.00 % of total loans outstanding at december 31 , 2015 . a $ 1.6 million provision for losses was made in 2016 and net charge offs totaled $ 1.4 million , resulting in the allowance for loan

