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 $ 13,086,000 for the full year 2016 , compared to $ 11,015,000 of earnings in 2015 , an increase of $ 2,071,000 or 19 percent . ● net interest income for 2016 increased $ 5,753,000 or 12 percent when compared to 2015 , primarily due to an increase in the volume of commercial loans . ● net interest margin ( tax-equivalent basis ) for 2016 was 3.89 percent , compared to 3.79 percent for 2015. the corporation continues to have success in growing low cost core deposits , while maintaining reasonable yields on new loan growth in a highly competitive , low interest rate environment . the average yield on earning assets increased to 4.51 percent in 2016 as compared to 4.43 percent in 2015 and the cost of interest-bearing liabilities increased slightly to 0.76 percent in 2016 , as compared to 0.75 percent in 2015 . ● the loan loss provision for 2016 decreased $ 500,000 compared to 2015 , primary due to a reduction in net charge-offs in 2016 as compared to the prior year . ● noninterest income for 2016 , excluding gains on sales of investment securities , increased $ 1,281,000 or 15 percent when compared to 2015 , primarily due to increases in trust fees , income from mutual fund , annuity and insurance sales , service fees on deposits , income from bank owned life insurance , other income and gains on sales of loans held for sale . gains on sales of investment securities for 2016 decreased $ 298,000 when compared to 2015 . ● noninterest expense for 2016 increased $ 4,196,000 or 11 percent above 2015. personnel , costs associated with other real estate owned , external data processing , debit card processing and marketing 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 services in our maryland and pennsylvania markets . ● the provision for income taxes for 2016 increased $ 1,073,000 above the income tax provision for 2015 , primarily due to an increase in pre-tax net income and a slight decrease in the amount of tax-exempt income when compared to 2015 . ● preferred stock dividends for 2016 compared to 2015 decreased $ 104,000. in february 2016 , the corporation redeemed the remaining $ 12,000,000 in outstanding shares of preferred stock issued under the u.s. treasury 's small business lending fund program ( sblf program ) . ● earnings per share was $ 1.56 basic and $ 1.55 diluted for 2016 compared to $ 1.68 basic and $ 1.67 diluted for 2015. the decrease is primarily a result of the issuance of 1,746,850 of common shares in the $ 34,500,000 public offering completed in december 2015. on december 31 , 2016 , total assets were approximately $ 1.61 billion , representing an 11 percent increase compared to december 31 , 2015. the growth for 2016 occurred primarily in the commercial loan portfolio and was funded primarily by an increase in deposits . the corporation 's capital level remained sound as evidenced by capital ratios that exceed current regulatory requirements for well capitalized institutions . in december 2015 , the corporation raised approximately $ 32,500,000 in capital from the net proceeds of a public offering of common stock of 1,746,850 shares as previously reported on form 8-ks filed on december 15 , 2015 and december 23 , 2015 . story_separator_special_tag for the year 2016 , the provision for loan losses was $ 3,000,000 , which was $ 500,000 or 14 percent lower , compared to a provision of $ 3,500,000 in 2015. the decreased provision for loan losses was impacted by a reduction in net charge-offs in 2016 of $ 1,246,000. 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 . table 3 - noninterest income replace_table_token_7_th for the year 2016 , the overall $ 983,000 or 11 percent increase in total noninterest income , compared to the year 2015 , was primarily the result of increases in trust fees , income from mutual fund , annuity and insurance sales , service fees 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 —the upward trend in income from mutual fund , annuity and insurance sales over the three year period was due primarily to an increase in the assets under management from sales of non-deposit investment products , and the addition of a new large retirement plan client during the third quarter of 2015. 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 2016 , the $ 290,000 or 9 percent increase in service charge income compared to the year 2015 was due to an increase in the volume of demand deposit accounts subject to fees and debit card transactions , as well as fee schedule increases implemented during the first quarter of 2015. for the year 2015 , the $ 438,000 or 15 percent increase in service charge income compared to the year 2014 was due to both ( 1 ) an increase in the volume of demand deposit accounts subject to fees , including deposit accounts assumed in the madison acquisition in january 2015 , and ( ii ) planned increases on certain service charge categories which were implemented during the first quarter of 2015. income from bank owned life insurance ( boli ) —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. for the year 2015 , the decrease of $ 20,000 or 3 percent compared to 2014 was a result of downward trends in policy yields . 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 of fixed-rate residential mortgage loan originations and sales . 38 net gain on sales of securities —for the year 2016 , the corporation realized $ 194,000 in gains on sales of securities compared to $ 492,000 and $ 518,000 for the full years 2015 and 2014 , respectively . for the years 2016 and 2015 , 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 in 2016 provided cash to meet short-term liquidity needs . for the year 2014 , securities sold included securities which had appreciated in value due to the low-yield interest rate environment . the gains on sales of securities in 2015 and 2014 substantially offset the impact of the non-recurring merger related noninterest expenses associated with the corporation 's acquisition of madison bancorp , inc. noninterest expense the following table presents the components of total noninterest expense for each of the past three years . table 4 - noninterest expense replace_table_token_8_th total noninterest expense for the year 2016 increased $ 4,196,000 or 11 percent above the year 2015 , reflecting the overall expansion of our business and consumer banking services in 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 . additionally , in 2015 personnel expense includes an accrual of $ 250,000 for the employment agreement expense related to the separation of the corporation 's former chief operating officer as reported on the form 8-k filed on march 31 , 2015 . 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 . the upward trend was due primarily to the addition of ten financial centers ( eight full service and two limited service ) to the corporation since the third quarter of 2014 , including four financial centers from the madison acquisition and a new administrative services center near the corporation 's headquarters in york , pa.

debt securities : u.s. treasury notes $ 0 $ 0 $ 14,730 $ 0 $ 14,730 1.68 % u.s. agency 9,009 2,036 15,000 0 26,045 1.44 % u.s. agency mortgage-backed , residential ( 2 ) 310 90,932 0 0 91,242 2.37 % state and municipal 13,566 21,319 25,167 4,369 64,421 3.33 % total debt securities $ 22,885 $ 114,287 $ 54,897 $ 4,369 $ 196,438 2.51 % yield ( 1 ) 2.19 % 2.52 % 2.46 % 4.42 % 2.51 % ( 1 ) weighted average yields ( tax equivalent basis ) were calculated on the amortized cost basis . ( 2 ) u.s. agency mortgage-backed securities are included in the maturity categories based on average expected life . the portfolio yield for 2016 , reflected in the table above , is lower than the 2.74 percent securities portfolio yield as of december 31 , 2015. generally , lower yielding securities , as compared to the yields in maturing and called securities , were purchased in 2016. purchases included the reinvestment of cash flows from maturities , calls and principal repayments on mortgage-backed bonds , during a year of persistently low market investment interest rates . more information about investment securities is provided in note 3-securities , to the consolidated financial 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.
     ```debt securities : u.s. treasury notes $ 0 $ 0 $ 14,730 $ 0 $ 14,730 1.68 % u.s. agency 9,009 2,036 15,000 0 26,045 1.44 % u.s. agency mortgage-backed , residential ( 2 ) 310 90,932 0 0 91,242 2.37 % state and municipal 13,566 21,319 25,167 4,369 64,421 3.33 % total debt securities $ 22,885 $ 114,287 $ 54,897 $ 4,369 $ 196,438 2.51 % yield ( 1 ) 2.19 % 2.52 % 2.46 % 4.42 % 2.51 % ( 1 ) weighted average yields ( tax equivalent basis ) were calculated on the amortized cost basis . ( 2 ) u.s. agency mortgage-backed securities are included in the maturity categories based on average expected life . the portfolio yield for 2016 , reflected in the table above , is lower than the 2.74 percent securities portfolio yield as of december 31 , 2015. generally , lower yielding securities , as compared to the yields in maturing and called securities , were purchased in 2016. purchases included the reinvestment of cash flows from maturities , calls and principal repayments on mortgage-backed bonds , during a year of persistently low market investment interest rates . more information about investment securities is provided in note 3-securities , to the consolidated financial statements .
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 Suspicious Activity Report : 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 $ 13,086,000 for the full year 2016 , compared to $ 11,015,000 of earnings in 2015 , an increase of $ 2,071,000 or 19 percent . ● net interest income for 2016 increased $ 5,753,000 or 12 percent when compared to 2015 , primarily due to an increase in the volume of commercial loans . ● net interest margin ( tax-equivalent basis ) for 2016 was 3.89 percent , compared to 3.79 percent for 2015. the corporation continues to have success in growing low cost core deposits , while maintaining reasonable yields on new loan growth in a highly competitive , low interest rate environment . the average yield on earning assets increased to 4.51 percent in 2016 as compared to 4.43 percent in 2015 and the cost of interest-bearing liabilities increased slightly to 0.76 percent in 2016 , as compared to 0.75 percent in 2015 . ● the loan loss provision for 2016 decreased $ 500,000 compared to 2015 , primary due to a reduction in net charge-offs in 2016 as compared to the prior year . ● noninterest income for 2016 , excluding gains on sales of investment securities , increased $ 1,281,000 or 15 percent when compared to 2015 , primarily due to increases in trust fees , income from mutual fund , annuity and insurance sales , service fees on deposits , income from bank owned life insurance , other income and gains on sales of loans held for sale . gains on sales of investment securities for 2016 decreased $ 298,000 when compared to 2015 . ● noninterest expense for 2016 increased $ 4,196,000 or 11 percent above 2015. personnel , costs associated with other real estate owned , external data processing , debit card processing and marketing 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 services in our maryland and pennsylvania markets . ● the provision for income taxes for 2016 increased $ 1,073,000 above the income tax provision for 2015 , primarily due to an increase in pre-tax net income and a slight decrease in the amount of tax-exempt income when compared to 2015 . ● preferred stock dividends for 2016 compared to 2015 decreased $ 104,000. in february 2016 , the corporation redeemed the remaining $ 12,000,000 in outstanding shares of preferred stock issued under the u.s. treasury 's small business lending fund program ( sblf program ) . ● earnings per share was $ 1.56 basic and $ 1.55 diluted for 2016 compared to $ 1.68 basic and $ 1.67 diluted for 2015. the decrease is primarily a result of the issuance of 1,746,850 of common shares in the $ 34,500,000 public offering completed in december 2015. on december 31 , 2016 , total assets were approximately $ 1.61 billion , representing an 11 percent increase compared to december 31 , 2015. the growth for 2016 occurred primarily in the commercial loan portfolio and was funded primarily by an increase in deposits . the corporation 's capital level remained sound as evidenced by capital ratios that exceed current regulatory requirements for well capitalized institutions . in december 2015 , the corporation raised approximately $ 32,500,000 in capital from the net proceeds of a public offering of common stock of 1,746,850 shares as previously reported on form 8-ks filed on december 15 , 2015 and december 23 , 2015 . story_separator_special_tag for the year 2016 , the provision for loan losses was $ 3,000,000 , which was $ 500,000 or 14 percent lower , compared to a provision of $ 3,500,000 in 2015. the decreased provision for loan losses was impacted by a reduction in net charge-offs in 2016 of $ 1,246,000. 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 . table 3 - noninterest income replace_table_token_7_th for the year 2016 , the overall $ 983,000 or 11 percent increase in total noninterest income , compared to the year 2015 , was primarily the result of increases in trust fees , income from mutual fund , annuity and insurance sales , service fees 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 —the upward trend in income from mutual fund , annuity and insurance sales over the three year period was due primarily to an increase in the assets under management from sales of non-deposit investment products , and the addition of a new large retirement plan client during the third quarter of 2015. 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 2016 , the $ 290,000 or 9 percent increase in service charge income compared to the year 2015 was due to an increase in the volume of demand deposit accounts subject to fees and debit card transactions , as well as fee schedule increases implemented during the first quarter of 2015. for the year 2015 , the $ 438,000 or 15 percent increase in service charge income compared to the year 2014 was due to both ( 1 ) an increase in the volume of demand deposit accounts subject to fees , including deposit accounts assumed in the madison acquisition in january 2015 , and ( ii ) planned increases on certain service charge categories which were implemented during the first quarter of 2015. income from bank owned life insurance ( boli ) —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. for the year 2015 , the decrease of $ 20,000 or 3 percent compared to 2014 was a result of downward trends in policy yields . 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 of fixed-rate residential mortgage loan originations and sales . 38 net gain on sales of securities —for the year 2016 , the corporation realized $ 194,000 in gains on sales of securities compared to $ 492,000 and $ 518,000 for the full years 2015 and 2014 , respectively . for the years 2016 and 2015 , 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 in 2016 provided cash to meet short-term liquidity needs . for the year 2014 , securities sold included securities which had appreciated in value due to the low-yield interest rate environment . the gains on sales of securities in 2015 and 2014 substantially offset the impact of the non-recurring merger related noninterest expenses associated with the corporation 's acquisition of madison bancorp , inc. noninterest expense the following table presents the components of total noninterest expense for each of the past three years . table 4 - noninterest expense replace_table_token_8_th total noninterest expense for the year 2016 increased $ 4,196,000 or 11 percent above the year 2015 , reflecting the overall expansion of our business and consumer banking services in 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 . additionally , in 2015 personnel expense includes an accrual of $ 250,000 for the employment agreement expense related to the separation of the corporation 's former chief operating officer as reported on the form 8-k filed on march 31 , 2015 . 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 . the upward trend was due primarily to the addition of ten financial centers ( eight full service and two limited service ) to the corporation since the third quarter of 2014 , including four financial centers from the madison acquisition and a new administrative services center near the corporation 's headquarters in york , pa.

