the following factors , among others , could cause the company 's financial performance to differ materially from the plans , objectives , expectations , estimates and intentions expressed in such forward-looking statements : the strength of the united states economy in general and the strength of the real estate values and the local economies in which the company conducts operations ; the effects of , and changes in , trade , monetary and fiscal policies and laws , changes in interest rates ; the timely development of and acceptance of new products and services of the company and the perceived overall value of these products and services by users , including the features , pricing and quality compared to competitors ' products and services ; the impact of changes in financial services ' laws and regulations ( including laws concerning taxes , banking , securities and insurance ) ; asset quality deterioration ; environmental liability associated with real estate collateral ; technological changes and cybersecurity risks ; acquisitions ; employee retention ; the success of the company at managing the risks resulting from these factors ; and other factors set forth in reports and other documents filed by the company with the securities and exchange commission from time to time . for further information about these and other risks , uncertainties and factors , please review the disclosure included in item 1a . of this form 10-k. the company cautions that the listed factors are not exclusive . the company does not undertake to update any forward-looking statement , whether written or oral , that may be made from time to time by or on behalf of the company . 43 financial condition from december 31 , 2014 to december 31 , 2015 , the company 's total assets increased $ 24,375,428 ( 4 % ) to $ 652,835,072 , liabilities increased $ 19,429,810 ( 3 % ) to $ 586,412,607 , and stockholders ' equity increased $ 4,945,618 ( 8 % ) to $ 66,422,465. the ratio of stockholders ' equity to total assets increased to 10.2 % during this period , compared to 9.8 % as of december 31 , 2014. from december 31 , 2014 to december 31 , 2015 , cash and cash equivalents increased $ 6,280,529 ( 50 % ) to $ 18,774,419. this was primarily due to the increase of $ 37,567,413 in deposits balances , offset by the increase in net loans receivable of $ 4,415,271 , a net increase of $ 10,824,502 in available-for-sale securities and paydowns of fhlb and federal reserve advances and the prepayment of a repurchase agreement in the total of $ 18,250,000. from december 31 , 2014 to december 31 , 2015 , available-for-sale securities increased $ 10,824,502 ( 13 % ) , primarily due to purchases of $ 55,150,017 offset by sales , maturities and principal payments received of $ 43,505,410. the company had unrealized losses of $ 1,085,644 at december 31 , 2015 compared to $ 711,779 at december 31 , 2014. stock of fhlb decreased by $ 319,400 ( 10 % ) to $ 2,837,500 due to lower stock requirements necessary from the reduction in fhlb advances . from december 31 , 2014 to december 31 , 2015 , net loans receivable increased by $ 4,415,271 ( 1 % ) to $ 491,001,907. permanent loans secured by commercial real estate , primarily secured by owner occupied retail and low-income housing project , decreased $ 6,780,481 ( 3 % ) which was due to various expected payoffs and principal reductions . construction loans increased $ 8,678,311 ( 24 % ) due to increase in new construction loan demand combined with draws on existing loans . permanent multi-family loans increased $ 7,817,710 ( 23 % ) due to primarily two larger new credits and one larger credit increasing existing loan balance . commercial loans decreased $ 11,469,164 ( 12 % ) and installment loans increased $ 5,107,289 ( 30 % ) which was primarily due to the anticipated payoff of one larger relationship and one large credit previously classified as commercial being transferred to installment due to collateral changing . loans secured by both owner and non-owner occupied one-to-four unit residential real estate increased $ 356,604 ( less than 1 % ) . despite gross loan balances at december 31 , 2015 being above year-end 2014 , they declined $ 13.6 million for the second half of 2015. the decline was primarily due to loan payoffs combined with a highly competitive environment for new loans that has made it difficult to maintain loan balances . the company continues to focus its lending efforts in the commercial and owner occupied real estate mortgage loan categories , and to reduce its concentrations in non-owner occupied commercial real estate . as of december 31 , 2015 , management identified loans totaling $ 14,730,000 as impaired with a related allowance for loan losses of $ 865,000. impaired loans increased by $ 9,349,000 during 2015 , compared to the balance of $ 5,381,000 at december 31 , 2014. from december 31 , 2014 to december 31 , 2015 , the allowance for loan losses decreased $ 776,657 to $ 5,811,940. in addition to the provision for loan losses of $ 600,000 recorded by the company during the year ended december 31 , 2015 , loan charge-offs of specific loans ( previously classified as nonperforming ) exceeded recoveries by $ 1,376,657 for the year ended december 31 , 2015. the company 's increase in overall loan balances during 2015 has increased the general component of the allowance for loan loss reserve requirements . however , the overall reserve decreased as a result of charge-offs of specific reserves established on nonperforming loans . story_separator_special_tag in july 2013 , the federal reserve issued final rules that make technical changes to its capital rules to align them with the basel iii regulatory capital framework and meet certain requirements of the dodd-frank act . the final rules maintain the general structure of the prompt corrective action framework in effect at such time while incorporating certain increased minimum requirements . the final rules modified or left unchanged the components of regulatory capital , which are : ( i ) `` total capital `` , defined as core capital and supplementary capital less certain specified deductions from total capital such as reciprocal holdings of depository institution capital instruments and equity investments ; ( ii ) `` tier 1 capital , `` which consists principally of common and certain qualifying preferred shareholders ' equity ( including grandfathered trust preferred securities ) as well as retained earnings , less certain intangibles and other adjustments ; and ( iii ) `` tier 2 capital `` , which consists of cumulative preferred stock , long-term perpetual preferred stock , a limited amount of subordinated and other qualifying debt ( including certain hybrid capital instruments ) , and a limited amount of the general loan loss allowance . the federal reserve also has established a minimum leverage capital ratio of tier 1 capital to average adjusted assets ( `` tier 1 leverage ratio `` ) . effective january 1 , 2015 , the final rules require the bank to comply with the following minimum capital ratios : ( i ) a new common equity tier 1 capital ratio of 4.5 % of risk-weighted assets ; ( ii ) a tier 1 capital ratio of 6.0 % of risk-weighted assets ( increased from the prior requirement of 4.0 % ) ; ( iii ) a total capital ratio of 8.0 % of risk-weighted assets ( unchanged from the prior requirement ) ; and ( iv ) a leverage ratio of 4.0 % of total assets ( unchanged from the prior requirement ) . these are the initial capital requirements , which will be phased in over a four-year period . when fully phased in on january 1 , 2019 , the rules will require the bank to maintain ( i ) a minimum ratio of common equity tier 1 to risk-weighted assets of at least 4.5 % , plus a 2.5 % `` capital conservation buffer `` ( which is added to the 4.5 % common equity tier 1 ratio as that buffer is phased in , effectively resulting in a minimum ratio of common equity tier 1 to risk-weighted assets of at least 7.0 % upon full implementation ) , ( ii ) a minimum ratio of tier 1 capital to risk-weighted assets of at least 6.0 % , plus the 2.5 % capital conservation buffer ( which is added to the 6.0 % tier 1 capital ratio as that buffer is phased in , effectively resulting in a minimum tier 1 capital ratio of 8.5 % upon full implementation ) , ( iii ) a minimum ratio of total capital to risk-weighted assets of at least 8.0 % , plus the 2.5 % capital conservation buffer ( which is added to the 8.0 % total capital ratio as that buffer is phased in , effectively resulting in a minimum total capital ratio of 10.5 % upon full implementation ) , and ( iv ) a minimum leverage ratio of 4.0 % , calculated as the ratio of tier 1 capital to average assets . beginning january 1 , 2016 , the capital conservation buffer requirement will be phased in at 0.625 % of risk-weighted assets , increasing by the same amount each year until fully implemented at 2.5 % on january 1 , 2019. the capital conservation buffer is designed to absorb losses during periods of economic stress . banking institutions with a ratio of common equity tier 1 to risk-weighted assets above the minimum but below the conservation buffer will face constraints on dividends , equity repurchases , and compensation based on the amount of the shortfall . 52 the company 's tier 1 capital position of $ 82,347,000 is 12.7 % of average assets as of december 31 , 2015. the company has an excess of $ 56,462,000 , $ 58,944,000 , and $ 41,110,000 of required regulatory levels of tangible , core , and risk-based capital , respectively . in addition , under current regulatory guidelines , the bank is classified as well capitalized . see also additional information provided under the caption “ regulatory matters ” in note 1 of the notes to consolidated financial statements . off-balance sheet arrangements various commitments and contingent liabilities arise in the normal course of business , which are not required to be recorded on the balance sheet . the most significant of these are loan commitments , lines of credit and standby letters of credit . commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract . as of december 31 , 2015 and 2014 , the bank had outstanding commitments to originate loans of approximately $ 4,218,000 and $ 2,483,000 , respectively . lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract . as of december 31 , 2015 and 2014 , unused lines of credit to borrowers aggregated approximately $ 68,066,000 and $ 47,599,000 for commercial lines and $ 14,461,000 and $ 13,859,000 for open-end consumer lines . since a portion of the loan commitment and line of credit may expire without being drawn upon , the total unused commitments and lines do not necessarily represent future cash requirements . standby letters of credit are irrevocable conditional commitments issued by the bank to guarantee the performance of a customer to a third party . the credit risk involved in issuing

cash dividends paid . the company paid dividends of $ 0.05 per share on april 16 , 2015 to stockholders of record as of april 6 , 2015 , and $ 0.05 per share on july 16 , 2015 , to stockholders of record as of july 6 , 2015 , and $ .05 per share on october 15 , 2015 , to stockholders of record as of october 5 , 2015 and also declared a cash dividend of $ 0.08 per share on december 23 , 2015 , which was paid on january 16 , 2016 , to stockholders of record on january 5 , 2016. during 2014 , the company also paid $ 648,280 in dividends on common stock and $ 413,000 dividends on its preferred stock . during 2013 , the company paid $ 600,000 in dividends on its then outstanding preferred stock . results of operations - comparison of year ended december 31 , 2014 and december 31 , 2013 replace_table_token_28_th interest rates . the bank charges borrowers and pays depositors interest rates that are largely a function of the general level of interest rates . the above table sets forth the weekly average interest rates for the 52 weeks ending december 31 , 2014 and december 31 , 2013 as reported by the federal reserve . the bank typically indexes its adjustable rate commercial loans to prime and its adjustable rate mortgage loans to the one-year treasury rate . the ten-year treasury rate is a proxy for 30-year fixed rate home mortgage loans . 49 rates were steady and remained low for 2014 as the fomc left the discount rate at 25 basis points .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash dividends paid . the company paid dividends of $ 0.05 per share on april 16 , 2015 to stockholders of record as of april 6 , 2015 , and $ 0.05 per share on july 16 , 2015 , to stockholders of record as of july 6 , 2015 , and $ .05 per share on october 15 , 2015 , to stockholders of record as of october 5 , 2015 and also declared a cash dividend of $ 0.08 per share on december 23 , 2015 , which was paid on january 16 , 2016 , to stockholders of record on january 5 , 2016. during 2014 , the company also paid $ 648,280 in dividends on common stock and $ 413,000 dividends on its preferred stock . during 2013 , the company paid $ 600,000 in dividends on its then outstanding preferred stock . results of operations - comparison of year ended december 31 , 2014 and december 31 , 2013 replace_table_token_28_th interest rates . the bank charges borrowers and pays depositors interest rates that are largely a function of the general level of interest rates . the above table sets forth the weekly average interest rates for the 52 weeks ending december 31 , 2014 and december 31 , 2013 as reported by the federal reserve . the bank typically indexes its adjustable rate commercial loans to prime and its adjustable rate mortgage loans to the one-year treasury rate . the ten-year treasury rate is a proxy for 30-year fixed rate home mortgage loans . 49 rates were steady and remained low for 2014 as the fomc left the discount rate at 25 basis points .
```    
 Suspicious Activity Report : the following factors , among others , could cause the company 's financial performance to differ materially from the plans , objectives , expectations , estimates and intentions expressed in such forward-looking statements : the strength of the united states economy in general and the strength of the real estate values and the local economies in which the company conducts operations ; the effects of , and changes in , trade , monetary and fiscal policies and laws , changes in interest rates ; the timely development of and acceptance of new products and services of the company and the perceived overall value of these products and services by users , including the features , pricing and quality compared to competitors ' products and services ; the impact of changes in financial services ' laws and regulations ( including laws concerning taxes , banking , securities and insurance ) ; asset quality deterioration ; environmental liability associated with real estate collateral ; technological changes and cybersecurity risks ; acquisitions ; employee retention ; the success of the company at managing the risks resulting from these factors ; and other factors set forth in reports and other documents filed by the company with the securities and exchange commission from time to time . for further information about these and other risks , uncertainties and factors , please review the disclosure included in item 1a . of this form 10-k. the company cautions that the listed factors are not exclusive . the company does not undertake to update any forward-looking statement , whether written or oral , that may be made from time to time by or on behalf of the company . 43 financial condition from december 31 , 2014 to december 31 , 2015 , the company 's total assets increased $ 24,375,428 ( 4 % ) to $ 652,835,072 , liabilities increased $ 19,429,810 ( 3 % ) to $ 586,412,607 , and stockholders ' equity increased $ 4,945,618 ( 8 % ) to $ 66,422,465. the ratio of stockholders ' equity to total assets increased to 10.2 % during this period , compared to 9.8 % as of december 31 , 2014. from december 31 , 2014 to december 31 , 2015 , cash and cash equivalents increased $ 6,280,529 ( 50 % ) to $ 18,774,419. this was primarily due to the increase of $ 37,567,413 in deposits balances , offset by the increase in net loans receivable of $ 4,415,271 , a net increase of $ 10,824,502 in available-for-sale securities and paydowns of fhlb and federal reserve advances and the prepayment of a repurchase agreement in the total of $ 18,250,000. from december 31 , 2014 to december 31 , 2015 , available-for-sale securities increased $ 10,824,502 ( 13 % ) , primarily due to purchases of $ 55,150,017 offset by sales , maturities and principal payments received of $ 43,505,410. the company had unrealized losses of $ 1,085,644 at december 31 , 2015 compared to $ 711,779 at december 31 , 2014. stock of fhlb decreased by $ 319,400 ( 10 % ) to $ 2,837,500 due to lower stock requirements necessary from the reduction in fhlb advances . from december 31 , 2014 to december 31 , 2015 , net loans receivable increased by $ 4,415,271 ( 1 % ) to $ 491,001,907. permanent loans secured by commercial real estate , primarily secured by owner occupied retail and low-income housing project , decreased $ 6,780,481 ( 3 % ) which was due to various expected payoffs and principal reductions . construction loans increased $ 8,678,311 ( 24 % ) due to increase in new construction loan demand combined with draws on existing loans . permanent multi-family loans increased $ 7,817,710 ( 23 % ) due to primarily two larger new credits and one larger credit increasing existing loan balance . commercial loans decreased $ 11,469,164 ( 12 % ) and installment loans increased $ 5,107,289 ( 30 % ) which was primarily due to the anticipated payoff of one larger relationship and one large credit previously classified as commercial being transferred to installment due to collateral changing . loans secured by both owner and non-owner occupied one-to-four unit residential real estate increased $ 356,604 ( less than 1 % ) . despite gross loan balances at december 31 , 2015 being above year-end 2014 , they declined $ 13.6 million for the second half of 2015. the decline was primarily due to loan payoffs combined with a highly competitive environment for new loans that has made it difficult to maintain loan balances . the company continues to focus its lending efforts in the commercial and owner occupied real estate mortgage loan categories , and to reduce its concentrations in non-owner occupied commercial real estate . as of december 31 , 2015 , management identified loans totaling $ 14,730,000 as impaired with a related allowance for loan losses of $ 865,000. impaired loans increased by $ 9,349,000 during 2015 , compared to the balance of $ 5,381,000 at december 31 , 2014. from december 31 , 2014 to december 31 , 2015 , the allowance for loan losses decreased $ 776,657 to $ 5,811,940. in addition to the provision for loan losses of $ 600,000 recorded by the company during the year ended december 31 , 2015 , loan charge-offs of specific loans ( previously classified as nonperforming ) exceeded recoveries by $ 1,376,657 for the year ended december 31 , 2015. the company 's increase in overall loan balances during 2015 has increased the general component of the allowance for loan loss reserve requirements . however , the overall reserve decreased as a result of charge-offs of specific reserves established on nonperforming loans . story_separator_special_tag in july 2013 , the federal reserve issued final rules that make technical changes to its capital rules to align them with the basel iii regulatory capital framework and meet certain requirements of the dodd-frank act . the final rules maintain the general structure of the prompt corrective action framework in effect at such time while incorporating certain increased minimum requirements . the final rules modified or left unchanged the components of regulatory capital , which are : ( i ) `` total capital `` , defined as core capital and supplementary capital less certain specified deductions from total capital such as reciprocal holdings of depository institution capital instruments and equity investments ; ( ii ) `` tier 1 capital , `` which consists principally of common and certain qualifying preferred shareholders ' equity ( including grandfathered trust preferred securities ) as well as retained earnings , less certain intangibles and other adjustments ; and ( iii ) `` tier 2 capital `` , which consists of cumulative preferred stock , long-term perpetual preferred stock , a limited amount of subordinated and other qualifying debt ( including certain hybrid capital instruments ) , and a limited amount of the general loan loss allowance . the federal reserve also has established a minimum leverage capital ratio of tier 1 capital to average adjusted assets ( `` tier 1 leverage ratio `` ) . effective january 1 , 2015 , the final rules require the bank to comply with the following minimum capital ratios : ( i ) a new common equity tier 1 capital ratio of 4.5 % of risk-weighted assets ; ( ii ) a tier 1 capital ratio of 6.0 % of risk-weighted assets ( increased from the prior requirement of 4.0 % ) ; ( iii ) a total capital ratio of 8.0 % of risk-weighted assets ( unchanged from the prior requirement ) ; and ( iv ) a leverage ratio of 4.0 % of total assets ( unchanged from the prior requirement ) . these are the initial capital requirements , which will be phased in over a four-year period . when fully phased in on january 1 , 2019 , the rules will require the bank to maintain ( i ) a minimum ratio of common equity tier 1 to risk-weighted assets of at least 4.5 % , plus a 2.5 % `` capital conservation buffer `` ( which is added to the 4.5 % common equity tier 1 ratio as that buffer is phased in , effectively resulting in a minimum ratio of common equity tier 1 to risk-weighted assets of at least 7.0 % upon full implementation ) , ( ii ) a minimum ratio of tier 1 capital to risk-weighted assets of at least 6.0 % , plus the 2.5 % capital conservation buffer ( which is added to the 6.0 % tier 1 capital ratio as that buffer is phased in , effectively resulting in a minimum tier 1 capital ratio of 8.5 % upon full implementation ) , ( iii ) a minimum ratio of total capital to risk-weighted assets of at least 8.0 % , plus the 2.5 % capital conservation buffer ( which is added to the 8.0 % total capital ratio as that buffer is phased in , effectively resulting in a minimum total capital ratio of 10.5 % upon full implementation ) , and ( iv ) a minimum leverage ratio of 4.0 % , calculated as the ratio of tier 1 capital to average assets . beginning january 1 , 2016 , the capital conservation buffer requirement will be phased in at 0.625 % of risk-weighted assets , increasing by the same amount each year until fully implemented at 2.5 % on january 1 , 2019. the capital conservation buffer is designed to absorb losses during periods of economic stress . banking institutions with a ratio of common equity tier 1 to risk-weighted assets above the minimum but below the conservation buffer will face constraints on dividends , equity repurchases , and compensation based on the amount of the shortfall . 52 the company 's tier 1 capital position of $ 82,347,000 is 12.7 % of average assets as of december 31 , 2015. the company has an excess of $ 56,462,000 , $ 58,944,000 , and $ 41,110,000 of required regulatory levels of tangible , core , and risk-based capital , respectively . in addition , under current regulatory guidelines , the bank is classified as well capitalized . see also additional information provided under the caption “ regulatory matters ” in note 1 of the notes to consolidated financial statements . off-balance sheet arrangements various commitments and contingent liabilities arise in the normal course of business , which are not required to be recorded on the balance sheet . the most significant of these are loan commitments , lines of credit and standby letters of credit . commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract . as of december 31 , 2015 and 2014 , the bank had outstanding commitments to originate loans of approximately $ 4,218,000 and $ 2,483,000 , respectively . lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract . as of december 31 , 2015 and 2014 , unused lines of credit to borrowers aggregated approximately $ 68,066,000 and $ 47,599,000 for commercial lines and $ 14,461,000 and $ 13,859,000 for open-end consumer lines . since a portion of the loan commitment and line of credit may expire without being drawn upon , the total unused commitments and lines do not necessarily represent future cash requirements . standby letters of credit are irrevocable conditional commitments issued by the bank to guarantee the performance of a customer to a third party . the credit risk involved in issuing

