cumulative losses in recent years , history of operating loss or tax credit carry forwards expiring unused ) exists , more positive evidence than negative evidence will be necessary . at december 31 , 2014 , net deferred tax assets are approximately $ 11.498 million . if 19 a valuation allowance becomes necessary with respect to such balance , it could have a material adverse effect on our business , results of operations and financial condition . · our information systems may experience an interruption of breach in security . risks related to legal and regulatory compliance · we operate in a highly regulated environment , which could increase our cost structure or have other negative impacts on our operations . · the full impact of the recently enacted dodd-frank act is currently unknown given that many of the details and substance of the new laws will be implemented through agency rulemaking . among the many requirements if the dodd-frank act for new banking regulations is a requirement for new capital regulations to be adopted within 18 months . these regulations must be at least as stringent as , and may call for higher levels of capital than , current regulations . strategic risks · maintaining or increasing our market share may depend on lowering prices and market acceptance of new products and services . · future growth or operating results may require us to raise additional capital but that capital may not be available . reputation risks · unauthorized disclosure of sensitive of confidential client or customer information , whether through a breach of our computer system or otherwise , could severely harm our business . story_separator_special_tag 30.17 % . the increase in deposits in 2014 was comprised of an increase in wholesale deposits of $ 45.238 million and an increase in core deposits of $ 95.436 million , largely a result of the peninsula transaction . in 2014 , the corporation utilized wholesale deposits in order to better manage interest rate risk in funding fixed rate loans . shareholders ' equity totaled $ 73.996 million at december 31 , 2014 , compared to $ 65.249 million at the end of 2013 , an increase of $ 8.747 million . this change reflects the net income available to common shareholders of $ 1.700 million , other comprehensive income of $ .297 million , an increase related to stock compensation expense of $ .429 million , the impact acquisition of peninsula of $ 7.804 million , a decrease related to the exercise of stock options of $ .032 million , the repurchase of common stock of $ .143 million and dividends declared on common stock of $ 1.308 million . the book value per common share at december 31 , 2014 , amounted to $ 11.81 compared to $ 11.87 at the end of 2013. on december 5 , 2014 , the corporation completed its acquisition of peninsula financial corporation ( pfc ) and its wholly owned subsidiary , the peninsula bank . pfc had six branch offices and $ 126 million in assets as of the acquisition date . the results of operations due to the merger have been included in the corporation 's results since the acquisition date . the merger was effected by a combination of cash and the issuance of shares of the corporation 's common stock to pfc shareholders . each share of pfc 's 288,000 shares of common stock was converted into the right to receive 3.64 shares of the corporation 's common stock , with cash paid in lieu of fractional shares . pfc shareholders also had the option to receive cash at $ 46.13 per share of common stock . the conversion of pfc 's shares resulted in the issuance of 695,361 shares of the corporation 's common stock and payment of $ 4.484 million in cash to the former pfc shareholders . 21 results of operations replace_table_token_11_th summary the corporation reported net income available to common shareholders of $ 1.700 million in 2014 , compared to $ 5.629 million in 2013 and $ 6.458 million in 2012. the 2014 results include a provision for loan loss of $ 1.200 million and nonrecurring transaction related expense of $ 2.475 million . the 2013 results include a deferred tax valuation adjustment of $ 2.250 million , and reduced nonperforming costs . the 2012 results include significantly reduced credit related expenses and a decreased loan loss provision . net interest income net interest income is the corporation 's primary source of core earnings . net interest income represents the difference between the average yield earned on interest-earning assets and the average rate paid on interest-bearing funding sources . net interest revenue is the corporation 's principal source of revenue , representing 88 % of total revenue in 2014. the net interest income is impacted by economic and competitive factors that influence rates , loan demand , and the availability of funding . net interest income on a taxable equivalent basis increased $ 2.104 million from $ 21.471 million in 2013 to $ 23.575 million in 2014. in 2014 , interest rates were stable with the prime rate at 3.25 % for the entire year . the corporation experienced a decrease , five basis points , in the overall rates on earnings assets from 4.99 % in 2013 to 4.94 % in 2014. interest bearing funding sources declined by nine basis points , from .99 % in 2013 to .90 % in 2014. the combination of these effective rate changes resulted in a slight increase in net interest margin from 4.19 % in 2013 to 4.20 % in 2014. in 2013 , the corporation benefited from higher levels of low interest transactional deposit instruments and repricing of term deposits . in addition to the benefits derived from repriced deposit liabilities and a higher level of transactional deposits , the corporation experienced solid loan growth . story_separator_special_tag the corporation has , in accordance with generally accepted accounting principles and per recently enacted accounting standard updates , evaluated all loan modifications to determine the fair value impact of the underlying asset . the carrying amount of the loan is compared to the expected payments to be received , discounted at the loan 's original rate , or for collateral dependent loans , to the fair value of the collateral . the corporation , at december 31 , 2014 , had performing loans of $ 3.105 million and no nonperforming loans for which repayment terms were modified to the extent that they were deemed to be restructured loans . the total restructured loans of $ 3.105 million is comprised of six performing loans , the largest of which had a december 31 , 2014 balance of $ 1.186 million . 30 credit quality the table below shows balances of nonperforming assets for the three years ended december 31 ( dollars in thousands ) : replace_table_token_23_th management continues to address market issues impacting its loan customer base . in conjunction with the corporation 's senior lending staff and the bank regulatory examinations , management reviews the corporation 's loans , related collateral evaluations , and the overall lending process . the corporation also utilizes a loan review consultant to perform a review of the loan portfolio . the opinion of this consultant upon completion of the 2014 independent review provided findings similar to management on the overall adequacy of the reserve . the corporation will again utilize a consultant for loan review in 2015 . 31 the following table details the impact of nonperforming loans on interest income for the three years ended december 31 ( dollars in thousands ) : replace_table_token_24_th allowance for loan losses management analyzes the allowance for loan losses on a quarterly basis to determine whether the losses inherent in the portfolio are properly reserved for . net charge-offs in 2014 amounted to $ .721 million , or .14 % of average loans outstanding , compared to $ 2.232 million , or .48 % of loans outstanding in 2012. the current reserve balance is representative of the relevant risk inherent within the corporation 's loan portfolio . additions or reductions to the reserve in future periods will be dependent upon a combination of future loan growth , nonperforming loan balances and charge-off activity . a three year history of relevant information on the corporation 's credit quality is displayed in the following table ( dollars in thousands ) : replace_table_token_25_th the computation of the required allowance for loan losses as of any point in time is one of the critical accounting estimates made by management in the financial statements . as such , factors used to establish the allowance could change significantly from the assumptions made and impact future earnings positively or negatively . the future of the national and local economies and the resulting impact on borrowers ' ability to repay their loans and the value of collateral are examples of areas where assumptions must be made for individual loans , as well as the overall portfolio . the allowance for loan losses consists of specific and general components . our internal risk system is used to identify loans that meet the criteria for being impaired as defined in the accounting guidance . the specific component relates to loans that are individually classified as impaired and where expected cash flows are less than carrying value . the general component covers non-impaired loans and is based on historical loss experience adjusted for qualitative factors . these qualitative factors include : 1 ) changes in the nature , volume and terms of loans , 2 ) changes in lending personnel , 3 ) changes in the quality of the loan review function , 4 ) changes in nature and volume of past-due , nonaccrual and or classified loans , 5 ) changes in concentration of credit risk , 6 ) changes in economic and industry conditions , 7 ) changes in legal and regulatory requirements , 8 ) unemployment and inflation statistics , and 9 ) underlying collateral values . at the end of 2014 , the allowance for loan losses represented .86 % of total loans . the allowance for loan losses at the end of 2014 as a percentage of nonperforming assets was 73.97 % compared to 119.27 % at 2013 year end . in management 's opinion , the allowance for loan losses is adequate to cover probable losses related to specifically identified loans , as well as probable losses inherent in the balance of the loan portfolio . this position is further illustrated with the ratio of the allowance as a percent of nonperforming loans , which stood at 130.49 % at december 31 , 2014 , compared to 230.29 % at 2013 year end . 32 the corporation completed the acquisition of peninsula financial corporation on december 5 , 2014. the acquired loans were divided into loans with evidence of credit quality deterioration , which are accounted for under asc 310-30 ( acquired impaired ) and loans that do not meet that criteria , which are accounted for under asc 310-20 ( acquired nonimpaired ) . the acquired impaired loans totaled $ 10.321 million . the corporation recorded these loans at fair value taking into account a number of factors , including remaining life , estimated loss , estimated value of the underlying collateral and net present values of cash flows . for the period of december 5 , 2014 to december 31 , 2014 , recorded interest compared to accretable interest on acquired impaired loans was immaterial and no significant payments of principal were recorded . as part of the process of resolving problem credits , the corporation may acquire ownership of real estate collateral which secured such credits . the corporation carries this collateral in other real estate held for sale on the balance sheet . the following table represents

liquidity risks · we could experience an unexpected inability to obtain needed liquidity . the ability of a financial institution to meet its current financial obligations is a function of its balance sheet structure , its ability to liquidate assets and its access to alternative sources of funds . we seek to ensure our funding needs are met by maintaining an appropriate level of liquidity through asset/liability management . risks related to an investment in our common stock · limited trading activity for shares of our common stock may contribute to price volatility . · our securities are not an insured deposit . · you may not receive dividends on your investment in common stock . our ability to pay dividends is dependent upon our receipt of dividends from the bank , which is subject to regulatory restrictions . such restrictions , which govern state-chartered banks , generally limit the payment of dividends on bank stock to the bank 's undivided profits after all payments of all necessary expenses , provided that the bank 's surplus equals or exceeds its capital . these risks and uncertainties should be considered in evaluating forward-looking statements . further information concerning the corporation and its business , including additional factors that could materially affect the corporation 's financial results , is included in the corporation 's filings with the securities and exchange commission . all forward-looking statements contained in this report are based upon information presently available and the corporation assumes no obligation to update any forward-looking statements .


 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 risks · we could experience an unexpected inability to obtain needed liquidity . the ability of a financial institution to meet its current financial obligations is a function of its balance sheet structure , its ability to liquidate assets and its access to alternative sources of funds . we seek to ensure our funding needs are met by maintaining an appropriate level of liquidity through asset/liability management . risks related to an investment in our common stock · limited trading activity for shares of our common stock may contribute to price volatility . · our securities are not an insured deposit . · you may not receive dividends on your investment in common stock . our ability to pay dividends is dependent upon our receipt of dividends from the bank , which is subject to regulatory restrictions . such restrictions , which govern state-chartered banks , generally limit the payment of dividends on bank stock to the bank 's undivided profits after all payments of all necessary expenses , provided that the bank 's surplus equals or exceeds its capital . these risks and uncertainties should be considered in evaluating forward-looking statements . further information concerning the corporation and its business , including additional factors that could materially affect the corporation 's financial results , is included in the corporation 's filings with the securities and exchange commission . all forward-looking statements contained in this report are based upon information presently available and the corporation assumes no obligation to update any forward-looking statements .
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 Suspicious Activity Report : cumulative losses in recent years , history of operating loss or tax credit carry forwards expiring unused ) exists , more positive evidence than negative evidence will be necessary . at december 31 , 2014 , net deferred tax assets are approximately $ 11.498 million . if 19 a valuation allowance becomes necessary with respect to such balance , it could have a material adverse effect on our business , results of operations and financial condition . · our information systems may experience an interruption of breach in security . risks related to legal and regulatory compliance · we operate in a highly regulated environment , which could increase our cost structure or have other negative impacts on our operations . · the full impact of the recently enacted dodd-frank act is currently unknown given that many of the details and substance of the new laws will be implemented through agency rulemaking . among the many requirements if the dodd-frank act for new banking regulations is a requirement for new capital regulations to be adopted within 18 months . these regulations must be at least as stringent as , and may call for higher levels of capital than , current regulations . strategic risks · maintaining or increasing our market share may depend on lowering prices and market acceptance of new products and services . · future growth or operating results may require us to raise additional capital but that capital may not be available . reputation risks · unauthorized disclosure of sensitive of confidential client or customer information , whether through a breach of our computer system or otherwise , could severely harm our business . story_separator_special_tag 30.17 % . the increase in deposits in 2014 was comprised of an increase in wholesale deposits of $ 45.238 million and an increase in core deposits of $ 95.436 million , largely a result of the peninsula transaction . in 2014 , the corporation utilized wholesale deposits in order to better manage interest rate risk in funding fixed rate loans . shareholders ' equity totaled $ 73.996 million at december 31 , 2014 , compared to $ 65.249 million at the end of 2013 , an increase of $ 8.747 million . this change reflects the net income available to common shareholders of $ 1.700 million , other comprehensive income of $ .297 million , an increase related to stock compensation expense of $ .429 million , the impact acquisition of peninsula of $ 7.804 million , a decrease related to the exercise of stock options of $ .032 million , the repurchase of common stock of $ .143 million and dividends declared on common stock of $ 1.308 million . the book value per common share at december 31 , 2014 , amounted to $ 11.81 compared to $ 11.87 at the end of 2013. on december 5 , 2014 , the corporation completed its acquisition of peninsula financial corporation ( pfc ) and its wholly owned subsidiary , the peninsula bank . pfc had six branch offices and $ 126 million in assets as of the acquisition date . the results of operations due to the merger have been included in the corporation 's results since the acquisition date . the merger was effected by a combination of cash and the issuance of shares of the corporation 's common stock to pfc shareholders . each share of pfc 's 288,000 shares of common stock was converted into the right to receive 3.64 shares of the corporation 's common stock , with cash paid in lieu of fractional shares . pfc shareholders also had the option to receive cash at $ 46.13 per share of common stock . the conversion of pfc 's shares resulted in the issuance of 695,361 shares of the corporation 's common stock and payment of $ 4.484 million in cash to the former pfc shareholders . 21 results of operations replace_table_token_11_th summary the corporation reported net income available to common shareholders of $ 1.700 million in 2014 , compared to $ 5.629 million in 2013 and $ 6.458 million in 2012. the 2014 results include a provision for loan loss of $ 1.200 million and nonrecurring transaction related expense of $ 2.475 million . the 2013 results include a deferred tax valuation adjustment of $ 2.250 million , and reduced nonperforming costs . the 2012 results include significantly reduced credit related expenses and a decreased loan loss provision . net interest income net interest income is the corporation 's primary source of core earnings . net interest income represents the difference between the average yield earned on interest-earning assets and the average rate paid on interest-bearing funding sources . net interest revenue is the corporation 's principal source of revenue , representing 88 % of total revenue in 2014. the net interest income is impacted by economic and competitive factors that influence rates , loan demand , and the availability of funding . net interest income on a taxable equivalent basis increased $ 2.104 million from $ 21.471 million in 2013 to $ 23.575 million in 2014. in 2014 , interest rates were stable with the prime rate at 3.25 % for the entire year . the corporation experienced a decrease , five basis points , in the overall rates on earnings assets from 4.99 % in 2013 to 4.94 % in 2014. interest bearing funding sources declined by nine basis points , from .99 % in 2013 to .90 % in 2014. the combination of these effective rate changes resulted in a slight increase in net interest margin from 4.19 % in 2013 to 4.20 % in 2014. in 2013 , the corporation benefited from higher levels of low interest transactional deposit instruments and repricing of term deposits . in addition to the benefits derived from repriced deposit liabilities and a higher level of transactional deposits , the corporation experienced solid loan growth . story_separator_special_tag the corporation has , in accordance with generally accepted accounting principles and per recently enacted accounting standard updates , evaluated all loan modifications to determine the fair value impact of the underlying asset . the carrying amount of the loan is compared to the expected payments to be received , discounted at the loan 's original rate , or for collateral dependent loans , to the fair value of the collateral . the corporation , at december 31 , 2014 , had performing loans of $ 3.105 million and no nonperforming loans for which repayment terms were modified to the extent that they were deemed to be restructured loans . the total restructured loans of $ 3.105 million is comprised of six performing loans , the largest of which had a december 31 , 2014 balance of $ 1.186 million . 30 credit quality the table below shows balances of nonperforming assets for the three years ended december 31 ( dollars in thousands ) : replace_table_token_23_th management continues to address market issues impacting its loan customer base . in conjunction with the corporation 's senior lending staff and the bank regulatory examinations , management reviews the corporation 's loans , related collateral evaluations , and the overall lending process . the corporation also utilizes a loan review consultant to perform a review of the loan portfolio . the opinion of this consultant upon completion of the 2014 independent review provided findings similar to management on the overall adequacy of the reserve . the corporation will again utilize a consultant for loan review in 2015 . 31 the following table details the impact of nonperforming loans on interest income for the three years ended december 31 ( dollars in thousands ) : replace_table_token_24_th allowance for loan losses management analyzes the allowance for loan losses on a quarterly basis to determine whether the losses inherent in the portfolio are properly reserved for . net charge-offs in 2014 amounted to $ .721 million , or .14 % of average loans outstanding , compared to $ 2.232 million , or .48 % of loans outstanding in 2012. the current reserve balance is representative of the relevant risk inherent within the corporation 's loan portfolio . additions or reductions to the reserve in future periods will be dependent upon a combination of future loan growth , nonperforming loan balances and charge-off activity . a three year history of relevant information on the corporation 's credit quality is displayed in the following table ( dollars in thousands ) : replace_table_token_25_th the computation of the required allowance for loan losses as of any point in time is one of the critical accounting estimates made by management in the financial statements . as such , factors used to establish the allowance could change significantly from the assumptions made and impact future earnings positively or negatively . the future of the national and local economies and the resulting impact on borrowers ' ability to repay their loans and the value of collateral are examples of areas where assumptions must be made for individual loans , as well as the overall portfolio . the allowance for loan losses consists of specific and general components . our internal risk system is used to identify loans that meet the criteria for being impaired as defined in the accounting guidance . the specific component relates to loans that are individually classified as impaired and where expected cash flows are less than carrying value . the general component covers non-impaired loans and is based on historical loss experience adjusted for qualitative factors . these qualitative factors include : 1 ) changes in the nature , volume and terms of loans , 2 ) changes in lending personnel , 3 ) changes in the quality of the loan review function , 4 ) changes in nature and volume of past-due , nonaccrual and or classified loans , 5 ) changes in concentration of credit risk , 6 ) changes in economic and industry conditions , 7 ) changes in legal and regulatory requirements , 8 ) unemployment and inflation statistics , and 9 ) underlying collateral values . at the end of 2014 , the allowance for loan losses represented .86 % of total loans . the allowance for loan losses at the end of 2014 as a percentage of nonperforming assets was 73.97 % compared to 119.27 % at 2013 year end . in management 's opinion , the allowance for loan losses is adequate to cover probable losses related to specifically identified loans , as well as probable losses inherent in the balance of the loan portfolio . this position is further illustrated with the ratio of the allowance as a percent of nonperforming loans , which stood at 130.49 % at december 31 , 2014 , compared to 230.29 % at 2013 year end . 32 the corporation completed the acquisition of peninsula financial corporation on december 5 , 2014. the acquired loans were divided into loans with evidence of credit quality deterioration , which are accounted for under asc 310-30 ( acquired impaired ) and loans that do not meet that criteria , which are accounted for under asc 310-20 ( acquired nonimpaired ) . the acquired impaired loans totaled $ 10.321 million . the corporation recorded these loans at fair value taking into account a number of factors , including remaining life , estimated loss , estimated value of the underlying collateral and net present values of cash flows . for the period of december 5 , 2014 to december 31 , 2014 , recorded interest compared to accretable interest on acquired impaired loans was immaterial and no significant payments of principal were recorded . as part of the process of resolving problem credits , the corporation may acquire ownership of real estate collateral which secured such credits . the corporation carries this collateral in other real estate held for sale on the balance sheet . the following table represents

