in developing these fair values , the valuation services and brokers use estimates of cash flows based on historical performance of similar instruments in similar rate environments . debt securities available for sale consist primarily of mortgage-backed securities issued by u.s. government-sponsored agencies . the company uses various indicators in determining whether a security is other-than-temporarily impaired including , for debt securities , when it is probable that the contractual interest and principal will not be collected , or for equity securities , whether the market value is below its cost for an extended period of time with low expectation of recovery . the debt securities are monitored for changes in credit ratings because adverse changes in credit ratings could indicate a change in the estimated cash flows of the underlying collateral or issuer . for marketable equity securities , the company considers the issuer ' s financial condition , capital strength and near term prospects to determine whether an impairment is temporary or other-than-temporary . the company also considers the volatility of a security ' s price in comparison to the market as a whole and any recoveries or declines in fair value subsequent to the balance sheet date . if management determines that the impairment is other-than-temporary , the entire amount of the impairment as of the balance sheet date is recognized in earnings even if the decision to sell the security has not been made . the fair value of the security becomes the new amortized cost basis of the investment and is not adjusted for subsequent recoveries in fair value.the unrealized losses associated with available-for-sale debt securities were not considered to be other-than-temporarily impaired as of december 31 , 2015 and 2014 because the unrealized losses were related to changes in interest rates and did not affect the expected cash flows of the underlying collateral or issuer . the unrealized losses associated with the equity investments were also not considered other-than-temporarily impaired as of december 31 , 2015 and 2014. management concluded that the decline in fair value was temporary and would recover by way of increases in market price or positive changes in foreign currency exchange rates . 19 deferred income taxes . the company provides for deferred income taxes on the liability method whereby tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences . temporary differences are the differences between the reported amounts of assets and liabilities in the financial statements and their tax basis . deferred tax assets are reduced by a valuation allowance when , in the opinion of management , it is more likely than not that some portion or all of the deferred tax assets will not be realized . deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment . summary during 2015 , the company achieved net income , second consecutive year since 2007 , primarily as a result of balance sheet and operational restructuring initiatives implemented during 2013 , 2014 and 2015 by new executive management . the following were among the company 's notable achievements in 2015 : ● net interest margin ( nim ) of 3.60 % ● the amount of classified assets outstanding continues to decline and the overall risk rating for the portfolio has improved ● average non-interest bearing deposits increased $ 13.0 million . ● as compared to december 31 , 2014 o total cash and cash equivalents growth of $ 12.1 million or 16.6 % o improved tier 1 to average assets capital ratios o increase in total interest and dividend income of $ 3.4 million or 16.6 % o increase in income before taxes of $ 2.5 million or 265.0 % financial condition assets the company 's total assets increased $ 20.9 million , or 3.3 % , from $ 632.6 million at december 31 , 2014 to $ 653.5 million at december 31 , 2015 as generation of income and increased in the bank 's borrowings . ● cash and cash equivalents increased $ 12.1 million primarily due to the bank 's efforts to increase liquidity . ● net loans increased $ 7.1 million as originations exceeded payments of loan principal . ● premises and equipment net increased by $ 7.1 million . the increase was primarily due to the purchase of $ 6.0 million in owned premises , including the purchase of a branch property previously leased and the construction of a new branch in a town where the company has leased space historically . equipment increased by $ 1.0 million , net of depreciation and dispositions , as the company invested in its network infrastructure , its website and communications-related technology . ● deferred tax assets of $ 13.8 million were reported at december 31 , 2015. investments the following table is a summary of the company 's investment portfolio at fair value at december 31 for the years shown . replace_table_token_3_th total investments decreased $ 4.3 million , or 9.3 % , primarily due to principal payments of $ 3.8 million on the government agency mortgage-backed securities and proceeds of $ 2.5 million from maturities of government sponsor agency bonds , partially offset by purchases of subordinated notes of $ 2.0 million . in addition , the bank 's unrealized loss on available for sale securities decreased $ 205,000 from $ 453,000 at december 31 , 2014 to $ 248,000 for year ending december 31 , 2015 . 20 the following table presents the maturity distribution of available-for-sale investment securities at december 31 , 2015 and the weighted average yield of the amortized cost of such securities . the weighted average yields were calculated on the amortized cost and effective yields to maturity of each security . actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be repaid without any penalties . story_separator_special_tag provision for loan losses during 2015 , the company recorded a $ 250,000 provision for loan losses in the first quarter due to the growth of the loan portfolio . as the year progressed , loan originations were partial offset by loan payoffs . overall , the credit quality of the loan portfolio continues to improve as the amount of classified assets outstanding has declined and the overall risk rating for the portfolio has improved which has enabled the company to maintain its loan loss reserve level with no additional provision requirements for the remainder of 2015. during 2014 , the company did not make any additional provisions for loan losses due to continued improvement in asset quality . during the fourth quarter of 2014 management implemented changes to the methodology for calculating the allowance for the loan losses by updating our study of the loss emergence period ( “ lep ” ) . a more detailed description of the change is presented under the discussion entitled “ allowance for loan losses ” ( “ all ” ) within the significant accounting policies section of note 1 to the consolidated financial statements . 33 non-interest income non-interest income decreased by $ 281,000 , or 15.3 % , from $ 1.8 million in 2014 to $ 1.6 million in 2015. non-interest income for 2014 included a $ 455,000 loss on disposition of the bank 's boli policy , off set by $ 439,000 earnings on cash surrender value of the bank 's policy . lower deposit fees and service charges of $ 284,000 in 2015 is primarily due to lower overdraft fees as a result of closing frequently overdrawn accounts due to credit risk reasons . partially offsetting the noted changes was incremental rental income of approximately $ 47,000. non-interest expense non-interest expense increased $ 580,000 , or 3.2 % , from $ 18.3 million for the year ended december 31 , 2014 to $ 18.9 million for the year ended december 31 , 2015. non-interest expense in 2014 included expense of $ 437,000 related to tax penalty for disposition of the boli policy . non- interest expense in 2015 included the following differences : ● salaries and benefits were increased by $ 1.2 million , primarily due to personnel increases to support the company 's growth . ● professional and other outside services decreased $ 656,000 primarily due to lower legal fees resulting from improved asset quality , renegotiation of several vendor contracts and reduced consultant usage . ● regulatory assessments reduction of $ 276,000 primarily due to improved ratings . ● advertising and promotional expense increased $ 339,000 primarily due to the company changing its overall business strategy and focus as the bank changed its name and redefined its approach to the way it provides value to its customers , community and the market place . ● year ended 2015 , also includes a $ 133,000 non-cash charge , primarily associated with the abandonment of leasehold improvements in conjuction with the purchase of the company 's fairfield branch building . 34 comparison of results of operations for the years 201 4 and 201 3 for the year ended december 31 , 2014 , the company recorded net income of $ 15.7 million ( $ 4.08 per share ) compared to a net loss of $ 7.3 million ( $ 1.90 per share ) for the year ended december 31 , 2013. income before income tax expense was $ 1.0 million , an increase of $ 8.6 million compared to a loss before income tax expense of $ 7.6 million in 2013 . ● net interest income increased $ 0.6 million ● provision for loan losses decreased $ 1.0 million ● non-interest income decreased $ 0.6 million ● non-interest expense decreased $ 7.6 million the positive results for 2014 created the company 's first year of net profitability since 2007 and was primarily due to balance sheet and operational restructuring initiatives implemented during 2013 and 2014 by new executive management . these initiatives included : ● prepayment of high cost borrowings and replacement with borrowings at significantly lower rates . ● strategic repricing of deposits ● streamlining of branch and back office operations and exiting the residential mortage business , resulting in non-interest expense reductions . ● negotiating vendor price concessions ● purchasing three branch buildings where the cost of the leases exceeded the cost to own the properties . the company 's improved earnings and balance sheet resulted from the initiatives noted along with continued efficiencies during 2014 enabled the company to recognize a $ 16.8 million income tax benefit in the third quarter of 2014. net interest income net interest income is the difference between interest income on interest earning assets and interest expense on interest-bearing liabilities . net interest income depends on the relative amounts of interest earning assets and interest bearing liabilities and the interest rates earned or paid on them , respectively . net interest income increased $ 0.6 million from $ 16.8 million for the year ended december 31 , 2013 to $ 17.4 million for the year ended december 31 , 2014 . ● total interest and dividend income decreased $ 1.3 million , or 6.0 % , primarily as a result of lower average loan balances . increased yields on loans were offset by lower yields on investments . o average loan balances were $ 27.8 million lower in 2014 than in 2013 , including a decrease in the average residential real estate loan balance of $ 27.7 million . the decrease in average loan balances resulted in lower interest income of $ 1.3 million . o average yields on loans increased to 4.59 % from 4.55 % in 2013. this benefitted interest income by $ 151,000 and was largely derived from loan mix as lower yielding residential loans constituted a smaller portion of the average loan portfolio in 2014. o average yields on investments decreased to 1.50 % from 1.81 %

liquidity the company 's liquidity position was 16.4 % and 15.7 % at december 31 , 2015 and 2014 , respectively . the liquidity ratio is defined as the percentage of liquid assets to total assets . the following categories of assets as described in the accompanying consolidated balance sheets are considered liquid assets : cash and due from banks , federal funds sold , short-term investments and available-for-sale securities which have not been pledged . liquidity is a measure of the company 's ability to generate adequate cash to meet financial obligations . the principal cash requirements of a financial institution are to cover increases in its loan portfolio and downward fluctuations in deposit accounts . management believes the company 's short-term assets provide sufficient liquidity to satisfy loan demand , cover potential fluctuations in deposit accounts and to meet other anticipated cash requirements . at december 31 , 2015 , cash and cash equivalents and unpledged available-for-sale securities were $ 85.4 million and $ 21.9 million , respectively . in addition to federal home loan bank advances outstanding at december 31 , 2015 , the bank had the ability to borrow an additional $ 13.9 million from the federalhome loan bank of boston , which included a $ 2.0 million overnight line of credit .


 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 the company 's liquidity position was 16.4 % and 15.7 % at december 31 , 2015 and 2014 , respectively . the liquidity ratio is defined as the percentage of liquid assets to total assets . the following categories of assets as described in the accompanying consolidated balance sheets are considered liquid assets : cash and due from banks , federal funds sold , short-term investments and available-for-sale securities which have not been pledged . liquidity is a measure of the company 's ability to generate adequate cash to meet financial obligations . the principal cash requirements of a financial institution are to cover increases in its loan portfolio and downward fluctuations in deposit accounts . management believes the company 's short-term assets provide sufficient liquidity to satisfy loan demand , cover potential fluctuations in deposit accounts and to meet other anticipated cash requirements . at december 31 , 2015 , cash and cash equivalents and unpledged available-for-sale securities were $ 85.4 million and $ 21.9 million , respectively . in addition to federal home loan bank advances outstanding at december 31 , 2015 , the bank had the ability to borrow an additional $ 13.9 million from the federalhome loan bank of boston , which included a $ 2.0 million overnight line of credit .
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 Suspicious Activity Report : in developing these fair values , the valuation services and brokers use estimates of cash flows based on historical performance of similar instruments in similar rate environments . debt securities available for sale consist primarily of mortgage-backed securities issued by u.s. government-sponsored agencies . the company uses various indicators in determining whether a security is other-than-temporarily impaired including , for debt securities , when it is probable that the contractual interest and principal will not be collected , or for equity securities , whether the market value is below its cost for an extended period of time with low expectation of recovery . the debt securities are monitored for changes in credit ratings because adverse changes in credit ratings could indicate a change in the estimated cash flows of the underlying collateral or issuer . for marketable equity securities , the company considers the issuer ' s financial condition , capital strength and near term prospects to determine whether an impairment is temporary or other-than-temporary . the company also considers the volatility of a security ' s price in comparison to the market as a whole and any recoveries or declines in fair value subsequent to the balance sheet date . if management determines that the impairment is other-than-temporary , the entire amount of the impairment as of the balance sheet date is recognized in earnings even if the decision to sell the security has not been made . the fair value of the security becomes the new amortized cost basis of the investment and is not adjusted for subsequent recoveries in fair value.the unrealized losses associated with available-for-sale debt securities were not considered to be other-than-temporarily impaired as of december 31 , 2015 and 2014 because the unrealized losses were related to changes in interest rates and did not affect the expected cash flows of the underlying collateral or issuer . the unrealized losses associated with the equity investments were also not considered other-than-temporarily impaired as of december 31 , 2015 and 2014. management concluded that the decline in fair value was temporary and would recover by way of increases in market price or positive changes in foreign currency exchange rates . 19 deferred income taxes . the company provides for deferred income taxes on the liability method whereby tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences . temporary differences are the differences between the reported amounts of assets and liabilities in the financial statements and their tax basis . deferred tax assets are reduced by a valuation allowance when , in the opinion of management , it is more likely than not that some portion or all of the deferred tax assets will not be realized . deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment . summary during 2015 , the company achieved net income , second consecutive year since 2007 , primarily as a result of balance sheet and operational restructuring initiatives implemented during 2013 , 2014 and 2015 by new executive management . the following were among the company 's notable achievements in 2015 : ● net interest margin ( nim ) of 3.60 % ● the amount of classified assets outstanding continues to decline and the overall risk rating for the portfolio has improved ● average non-interest bearing deposits increased $ 13.0 million . ● as compared to december 31 , 2014 o total cash and cash equivalents growth of $ 12.1 million or 16.6 % o improved tier 1 to average assets capital ratios o increase in total interest and dividend income of $ 3.4 million or 16.6 % o increase in income before taxes of $ 2.5 million or 265.0 % financial condition assets the company 's total assets increased $ 20.9 million , or 3.3 % , from $ 632.6 million at december 31 , 2014 to $ 653.5 million at december 31 , 2015 as generation of income and increased in the bank 's borrowings . ● cash and cash equivalents increased $ 12.1 million primarily due to the bank 's efforts to increase liquidity . ● net loans increased $ 7.1 million as originations exceeded payments of loan principal . ● premises and equipment net increased by $ 7.1 million . the increase was primarily due to the purchase of $ 6.0 million in owned premises , including the purchase of a branch property previously leased and the construction of a new branch in a town where the company has leased space historically . equipment increased by $ 1.0 million , net of depreciation and dispositions , as the company invested in its network infrastructure , its website and communications-related technology . ● deferred tax assets of $ 13.8 million were reported at december 31 , 2015. investments the following table is a summary of the company 's investment portfolio at fair value at december 31 for the years shown . replace_table_token_3_th total investments decreased $ 4.3 million , or 9.3 % , primarily due to principal payments of $ 3.8 million on the government agency mortgage-backed securities and proceeds of $ 2.5 million from maturities of government sponsor agency bonds , partially offset by purchases of subordinated notes of $ 2.0 million . in addition , the bank 's unrealized loss on available for sale securities decreased $ 205,000 from $ 453,000 at december 31 , 2014 to $ 248,000 for year ending december 31 , 2015 . 20 the following table presents the maturity distribution of available-for-sale investment securities at december 31 , 2015 and the weighted average yield of the amortized cost of such securities . the weighted average yields were calculated on the amortized cost and effective yields to maturity of each security . actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be repaid without any penalties . story_separator_special_tag provision for loan losses during 2015 , the company recorded a $ 250,000 provision for loan losses in the first quarter due to the growth of the loan portfolio . as the year progressed , loan originations were partial offset by loan payoffs . overall , the credit quality of the loan portfolio continues to improve as the amount of classified assets outstanding has declined and the overall risk rating for the portfolio has improved which has enabled the company to maintain its loan loss reserve level with no additional provision requirements for the remainder of 2015. during 2014 , the company did not make any additional provisions for loan losses due to continued improvement in asset quality . during the fourth quarter of 2014 management implemented changes to the methodology for calculating the allowance for the loan losses by updating our study of the loss emergence period ( “ lep ” ) . a more detailed description of the change is presented under the discussion entitled “ allowance for loan losses ” ( “ all ” ) within the significant accounting policies section of note 1 to the consolidated financial statements . 33 non-interest income non-interest income decreased by $ 281,000 , or 15.3 % , from $ 1.8 million in 2014 to $ 1.6 million in 2015. non-interest income for 2014 included a $ 455,000 loss on disposition of the bank 's boli policy , off set by $ 439,000 earnings on cash surrender value of the bank 's policy . lower deposit fees and service charges of $ 284,000 in 2015 is primarily due to lower overdraft fees as a result of closing frequently overdrawn accounts due to credit risk reasons . partially offsetting the noted changes was incremental rental income of approximately $ 47,000. non-interest expense non-interest expense increased $ 580,000 , or 3.2 % , from $ 18.3 million for the year ended december 31 , 2014 to $ 18.9 million for the year ended december 31 , 2015. non-interest expense in 2014 included expense of $ 437,000 related to tax penalty for disposition of the boli policy . non- interest expense in 2015 included the following differences : ● salaries and benefits were increased by $ 1.2 million , primarily due to personnel increases to support the company 's growth . ● professional and other outside services decreased $ 656,000 primarily due to lower legal fees resulting from improved asset quality , renegotiation of several vendor contracts and reduced consultant usage . ● regulatory assessments reduction of $ 276,000 primarily due to improved ratings . ● advertising and promotional expense increased $ 339,000 primarily due to the company changing its overall business strategy and focus as the bank changed its name and redefined its approach to the way it provides value to its customers , community and the market place . ● year ended 2015 , also includes a $ 133,000 non-cash charge , primarily associated with the abandonment of leasehold improvements in conjuction with the purchase of the company 's fairfield branch building . 34 comparison of results of operations for the years 201 4 and 201 3 for the year ended december 31 , 2014 , the company recorded net income of $ 15.7 million ( $ 4.08 per share ) compared to a net loss of $ 7.3 million ( $ 1.90 per share ) for the year ended december 31 , 2013. income before income tax expense was $ 1.0 million , an increase of $ 8.6 million compared to a loss before income tax expense of $ 7.6 million in 2013 . ● net interest income increased $ 0.6 million ● provision for loan losses decreased $ 1.0 million ● non-interest income decreased $ 0.6 million ● non-interest expense decreased $ 7.6 million the positive results for 2014 created the company 's first year of net profitability since 2007 and was primarily due to balance sheet and operational restructuring initiatives implemented during 2013 and 2014 by new executive management . these initiatives included : ● prepayment of high cost borrowings and replacement with borrowings at significantly lower rates . ● strategic repricing of deposits ● streamlining of branch and back office operations and exiting the residential mortage business , resulting in non-interest expense reductions . ● negotiating vendor price concessions ● purchasing three branch buildings where the cost of the leases exceeded the cost to own the properties . the company 's improved earnings and balance sheet resulted from the initiatives noted along with continued efficiencies during 2014 enabled the company to recognize a $ 16.8 million income tax benefit in the third quarter of 2014. net interest income net interest income is the difference between interest income on interest earning assets and interest expense on interest-bearing liabilities . net interest income depends on the relative amounts of interest earning assets and interest bearing liabilities and the interest rates earned or paid on them , respectively . net interest income increased $ 0.6 million from $ 16.8 million for the year ended december 31 , 2013 to $ 17.4 million for the year ended december 31 , 2014 . ● total interest and dividend income decreased $ 1.3 million , or 6.0 % , primarily as a result of lower average loan balances . increased yields on loans were offset by lower yields on investments . o average loan balances were $ 27.8 million lower in 2014 than in 2013 , including a decrease in the average residential real estate loan balance of $ 27.7 million . the decrease in average loan balances resulted in lower interest income of $ 1.3 million . o average yields on loans increased to 4.59 % from 4.55 % in 2013. this benefitted interest income by $ 151,000 and was largely derived from loan mix as lower yielding residential loans constituted a smaller portion of the average loan portfolio in 2014. o average yields on investments decreased to 1.50 % from 1.81 %

