the increase in the provision for credit losses for 2007 was a result of the loan growth experienced during 2007 as well as a result of the reduction in credit reserves related to hurricane katrina in 2006. during 2005 , the company increased its provision by $ 7.6 million related to the expected impact of hurricane katrina on the mississippi gulf coast region . because the actual effect of hurricane katrina on the company 's customers was less than what was originally estimated in 2005 , the company reversed $ 5.9 million of the allowance for credit losses that was related to hurricane katrina during 2006. net charge-offs remained fairly stable in 2007 at 0.14 % of average loans after decreasing to 0.15 % of average loans in 2006 from 0.23 % of average loans in 2005 as a result of improved asset quality . because mortgage lending decisions are based on conservative lending policies , the company continues to have nominal exposure , approximately $ 329,000 as of december 31 , 2007 , to the credit issues affecting the sub-prime residential mortgage market . the company has taken steps to diversify its revenue stream by increasing the amount of revenue received from mortgage lending operations , insurance agency activities , brokerage and securities activities and other activities that generate fee income . management believes this diversification is important to reduce the impact of fluctuations in net interest revenue on the overall operating results of the company . noninterest revenue for 2007 was $ 231.8 million , compared to $ 206.1 million for 2006 and $ 198.8 million in 2005. one of the primary contributors to noninterest revenue in 2007 was the increase in insurance commissions . insurance commissions increased 12.5 % in 2007 compared to 2006 after increasing 15.3 % in 2006 compared to 2005 as a result of the increase in policies written in 2007 and 2006 , including substantial new business generated in the mississippi gulf coast region , coupled with higher policy premiums . debit card , credit card and merchant fees increased in 2007 compared to 2006 as a result of an increase in the numerical and monetary volume of items processed . service charges on deposit accounts increased in 2007 compared to 2006 because of higher volumes of items processed and growth in the number of deposit accounts . noninterest revenue in 2007 was also positively impacted by gains of $ 3.4 million related to the sale or redemption of a portion of the company 's mastercard common stock holdings . noninterest expense for 2007 was $ 428.1 million , an increase of 8.9 % from $ 393.2 million for 2006 , which was an increase of 8.6 % from $ 362.1 million for 2005. the increases in noninterest expense primarily resulted from additional salaries and employee benefits associated with the acquisitions of two banks since december 2005 and increased occupancy costs from opening new offices during 2007 and 2006 as the company continued to reinvest by expanding its branch and atm networks while systems and operational consolidation efforts continued . the company completed the acquisition of city bancorp on march 1 , 2007. city bancorp 's banking subsidiary , the signature bank , merged with and into the bank on july 1 , 2007. the company completed the acquisition of american state bank corporation on december 1 , 2005. pursuant to the merger , american state 25 bank corporation 's banking subsidiary , american state bank , merged with and into the bank . income tax expense was $ 66.0 million in 2007 , $ 65.0 million in 2006 and $ 52.6 million in 2005. income tax expense increased in 2007 primarily as a result of an increase in pretax income in 2007 while income tax expense increased in 2006 primarily as a result of an increase in the provision for income taxes of $ 6.8 million due to a statutory limitation that prevented the company from recovering excess income taxes paid in prior years . the major components of net income are discussed in more detail in the various sections that follow . critical accounting policies and estimates the company 's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the united states , which require the company to make estimates and assumptions ( see note 1 to the company 's consolidated financial statements included elsewhere in this report ) . the company believes that its determination of the allowance for credit losses , the valuation of mortgage servicing rights and the estimation of pension and other post retirement benefit amounts involve a higher degree of judgment and complexity than the company 's other significant accounting policies . further , these estimates can be materially impacted by changes in market conditions or the actual or perceived financial condition of the company 's borrowers , subjecting the company to significant volatility of earnings . allowance for credit losses the allowance for credit losses is established through the provision for credit losses , which is a charge against earnings . provisions for credit losses are made to reserve for estimated probable losses on loans . the allowance for credit losses is a significant estimate and is regularly evaluated by the company for adequacy by taking into consideration factors such as changes in the nature and volume of the loan portfolio ; trends in actual and forecasted portfolio credit quality , including delinquency , charge-off and bankruptcy rates ; and current economic conditions that may affect a borrower 's ability to pay . in determining an adequate allowance for credit losses , management makes numerous assumptions , estimates and assessments . the use of different estimates or assumptions could produce different provisions for credit losses . see item 7. management 's discussion and analysis of financial condition and results of operations  results of operations  provisions for credit losses and allowance for credit losses included herein for more information . story_separator_special_tag each credit is assigned a grade by the appropriate loan officer , which serves as a basis for the credit analysis of the entire portfolio . the assigned grade reflects the borrower 's creditworthiness , collateral values , cash flows and other factors . an independent loan review department of the bank is responsible for reviewing the credit rating and classification of individual credits and assessing trends in the portfolio , adherence to internal credit policies and procedures and other factors that may affect the overall adequacy of the allowance . the work of the loan review department is supplemented by governmental regulatory agencies in 31 connection with their periodic examinations of the bank , which provides an additional independent level of review . the loss factors assigned to each classification are based upon the attributes of the loans and leases typically assigned to each grade ( such as loan to collateral values and borrower creditworthiness ) . further , the bank requires that a relatively narrow group of loans that have adverse internal ratings or that are significantly past due be subject to testing for impairment as required by sfas no . 114. management periodically reviews the loss factors assigned in light of the general economic environment and overall condition of the loan and lease portfolio and modifies the loss factors assigned to each classification as it deems appropriate . the overall allowance generally includes a component representing the results of other analyses intended to ensure that the allowance is adequate to cover other probable losses inherent in the portfolio . this component considers analyses of changes in credit risk resulting from the differing underwriting criteria in acquired loan and lease portfolios , industry concentrations , changes in the mix of loans and leases originated , overall credit criteria and other economic indicators . the provision for credit losses , the allowance for credit losses as a percentage of loans and leases outstanding at december 31 , 2007 , 2006 and 2005 and net charge-offs and net charge-offs as a percentage of average loans and leases for those years are shown in the following table : replace_table_token_24_th the increase in the provision for credit losses in 2007 compared to 2006 was a result of the increased credit risk from the loan growth experienced by the company , an increase in net charge-offs , as well as some downward migration of loans within the bank 's loan and lease credit ratings and classifications coupled with the $ 5.9 million reduction in the provision for credit losses in 2006 related to hurricane katrina because losses in the area impacted by the hurricane were less than originally anticipated . the decrease in the provision for credit losses in 2006 compared to 2005 was largely a result of the special provision for credit losses of $ 7.6 million recorded in 2005 related to the expected impact of hurricane katrina on the mississippi gulf coast region with the company recording a $ 5.9 million reduction in the provision for credit losses as contacts with customers in the hurricane-impacted area were re-established and losses related to loans in such area were determined not to be as great as originally anticipated immediately following the hurricane . net charge-offs as a percentage of average loans and leases declined slightly as a result of the company 's commitment to conservative lending policies throughout the economic cycle . because mortgage lending decisions are based on these conservative lending policies , the company continues to have nominal exposure , approximately $ 329,000 as of december 31 , 2007 , to the credit issues affecting the sub-prime residential mortgage market . net charge-offs in 2006 reflected the recovery of $ 1.4 million in life insurance proceeds from a policy assigned to the company to secure a loan that was previously charged-off . non-performing assets include non-accrual loans and leases , loans and leases more than 90 days past due , restructured loans and leases and foreclosed real estate . these assets serve as one indication of the quality of the bank 's loan and lease portfolio . non-performing assets totaled $ 53.5 million at december 31 , 2007 , compared to $ 33.9 million at december 31 , 2006 and $ 44.7 million at december 31 , 2005. the increase in the bank 's non-performing assets in 2007 when compared to 2006 primarily reflected additional foreclosed properties resulting from the weakening in the residential real estate sector affecting certain of our markets . the bank recorded losses from the loans that were secured by these foreclosed properties in the allowance for credit losses during 2007. for more information on nonperforming assets , see item 7. management 's discussion and analysis of financial condition and results of operations  financial condition  loans and leases. noninterest revenue the components of noninterest revenue for the years ended december 31 , 2007 , 2006 and 2005 and the percentage change between years are shown in the following table : 32 replace_table_token_25_th the company 's revenue from mortgage lending typically fluctuates as mortgage interest rates change and is primarily attributable to two activities  origination and sale of new mortgage loans and servicing mortgage loans . the company 's normal practice is to generate mortgage loans to sell them in the secondary market and to either retain or release the associated msrs with the loan sold . the company adopted sfas no . 156 on january 1 , 2006 , and , as a result , records msrs at fair value . prior to the company 's adoption of sfas no . 156 , msrs were capitalized based on the relative fair value of the servicing right and the mortgage loan on the date the mortgage loan was sold with the msr amortized in subsequent periods . for more information about the company 's treatment of msrs , see item 7. management 's discussion and analysis of financial condition and results of operations  critical

liquidity and capital resources one of the company 's goals is to provide adequate funds to meet increases in loan demand or any potential increase in the normal level of deposit withdrawals . this goal is accomplished primarily by generating cash from the bank 's operating activities and maintaining sufficient short-term liquid assets . these sources , coupled with a stable deposit base and a strong reputation in the capital markets , allow the company to fund earning assets and maintain the availability of funds . management believes that the bank 's traditional sources of maturing loans and investment securities , sales of loans held for sale , cash from operating activities and a strong base of core deposits are adequate to meet the company 's liquidity needs for normal operations over both the short-term and the long-term . 36 to provide additional liquidity , the company utilizes short-term financing through the purchase of federal funds and securities lending arrangements . further , the company maintains a borrowing relationship with the fhlb which provides access to short-term and long-term borrowings . during 2007 , the company chose to fund its loan growth with short-term fhlb advances rather than with higher rate time deposits resulting in an increase in short-term advances from the fhlb of 253.3 % to $ 706.6 million at december 31 , 2007 from $ 200.0 million at december 31 , 2006. the company had long-term advances totaling $ 89.0 million , a decrease of 34.4 % from $ 135.7 million at december 31 , 2006. the company has pledged eligible mortgage loans to secure the fhlb borrowings and had approximately $ 2.1 billion in additional borrowing capacity under the existing fhlb borrowing agreement at december 31 , 2007. the company had informal federal funds borrowing arrangements aggregating $ 635.0 million at december 31 , 2007. secured borrowing arrangements utilizing the company 's securities portfolio also provide substantial additional liquidity to the company . such arrangements typically provide for borrowings of 95 % to 98 % of the unencumbered fair value of the company 's federal government and government agencies securities portfolio .


 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 and capital resources one of the company 's goals is to provide adequate funds to meet increases in loan demand or any potential increase in the normal level of deposit withdrawals . this goal is accomplished primarily by generating cash from the bank 's operating activities and maintaining sufficient short-term liquid assets . these sources , coupled with a stable deposit base and a strong reputation in the capital markets , allow the company to fund earning assets and maintain the availability of funds . management believes that the bank 's traditional sources of maturing loans and investment securities , sales of loans held for sale , cash from operating activities and a strong base of core deposits are adequate to meet the company 's liquidity needs for normal operations over both the short-term and the long-term . 36 to provide additional liquidity , the company utilizes short-term financing through the purchase of federal funds and securities lending arrangements . further , the company maintains a borrowing relationship with the fhlb which provides access to short-term and long-term borrowings . during 2007 , the company chose to fund its loan growth with short-term fhlb advances rather than with higher rate time deposits resulting in an increase in short-term advances from the fhlb of 253.3 % to $ 706.6 million at december 31 , 2007 from $ 200.0 million at december 31 , 2006. the company had long-term advances totaling $ 89.0 million , a decrease of 34.4 % from $ 135.7 million at december 31 , 2006. the company has pledged eligible mortgage loans to secure the fhlb borrowings and had approximately $ 2.1 billion in additional borrowing capacity under the existing fhlb borrowing agreement at december 31 , 2007. the company had informal federal funds borrowing arrangements aggregating $ 635.0 million at december 31 , 2007. secured borrowing arrangements utilizing the company 's securities portfolio also provide substantial additional liquidity to the company . such arrangements typically provide for borrowings of 95 % to 98 % of the unencumbered fair value of the company 's federal government and government agencies securities portfolio .
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 Suspicious Activity Report : the increase in the provision for credit losses for 2007 was a result of the loan growth experienced during 2007 as well as a result of the reduction in credit reserves related to hurricane katrina in 2006. during 2005 , the company increased its provision by $ 7.6 million related to the expected impact of hurricane katrina on the mississippi gulf coast region . because the actual effect of hurricane katrina on the company 's customers was less than what was originally estimated in 2005 , the company reversed $ 5.9 million of the allowance for credit losses that was related to hurricane katrina during 2006. net charge-offs remained fairly stable in 2007 at 0.14 % of average loans after decreasing to 0.15 % of average loans in 2006 from 0.23 % of average loans in 2005 as a result of improved asset quality . because mortgage lending decisions are based on conservative lending policies , the company continues to have nominal exposure , approximately $ 329,000 as of december 31 , 2007 , to the credit issues affecting the sub-prime residential mortgage market . the company has taken steps to diversify its revenue stream by increasing the amount of revenue received from mortgage lending operations , insurance agency activities , brokerage and securities activities and other activities that generate fee income . management believes this diversification is important to reduce the impact of fluctuations in net interest revenue on the overall operating results of the company . noninterest revenue for 2007 was $ 231.8 million , compared to $ 206.1 million for 2006 and $ 198.8 million in 2005. one of the primary contributors to noninterest revenue in 2007 was the increase in insurance commissions . insurance commissions increased 12.5 % in 2007 compared to 2006 after increasing 15.3 % in 2006 compared to 2005 as a result of the increase in policies written in 2007 and 2006 , including substantial new business generated in the mississippi gulf coast region , coupled with higher policy premiums . debit card , credit card and merchant fees increased in 2007 compared to 2006 as a result of an increase in the numerical and monetary volume of items processed . service charges on deposit accounts increased in 2007 compared to 2006 because of higher volumes of items processed and growth in the number of deposit accounts . noninterest revenue in 2007 was also positively impacted by gains of $ 3.4 million related to the sale or redemption of a portion of the company 's mastercard common stock holdings . noninterest expense for 2007 was $ 428.1 million , an increase of 8.9 % from $ 393.2 million for 2006 , which was an increase of 8.6 % from $ 362.1 million for 2005. the increases in noninterest expense primarily resulted from additional salaries and employee benefits associated with the acquisitions of two banks since december 2005 and increased occupancy costs from opening new offices during 2007 and 2006 as the company continued to reinvest by expanding its branch and atm networks while systems and operational consolidation efforts continued . the company completed the acquisition of city bancorp on march 1 , 2007. city bancorp 's banking subsidiary , the signature bank , merged with and into the bank on july 1 , 2007. the company completed the acquisition of american state bank corporation on december 1 , 2005. pursuant to the merger , american state 25 bank corporation 's banking subsidiary , american state bank , merged with and into the bank . income tax expense was $ 66.0 million in 2007 , $ 65.0 million in 2006 and $ 52.6 million in 2005. income tax expense increased in 2007 primarily as a result of an increase in pretax income in 2007 while income tax expense increased in 2006 primarily as a result of an increase in the provision for income taxes of $ 6.8 million due to a statutory limitation that prevented the company from recovering excess income taxes paid in prior years . the major components of net income are discussed in more detail in the various sections that follow . critical accounting policies and estimates the company 's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the united states , which require the company to make estimates and assumptions ( see note 1 to the company 's consolidated financial statements included elsewhere in this report ) . the company believes that its determination of the allowance for credit losses , the valuation of mortgage servicing rights and the estimation of pension and other post retirement benefit amounts involve a higher degree of judgment and complexity than the company 's other significant accounting policies . further , these estimates can be materially impacted by changes in market conditions or the actual or perceived financial condition of the company 's borrowers , subjecting the company to significant volatility of earnings . allowance for credit losses the allowance for credit losses is established through the provision for credit losses , which is a charge against earnings . provisions for credit losses are made to reserve for estimated probable losses on loans . the allowance for credit losses is a significant estimate and is regularly evaluated by the company for adequacy by taking into consideration factors such as changes in the nature and volume of the loan portfolio ; trends in actual and forecasted portfolio credit quality , including delinquency , charge-off and bankruptcy rates ; and current economic conditions that may affect a borrower 's ability to pay . in determining an adequate allowance for credit losses , management makes numerous assumptions , estimates and assessments . the use of different estimates or assumptions could produce different provisions for credit losses . see item 7. management 's discussion and analysis of financial condition and results of operations  results of operations  provisions for credit losses and allowance for credit losses included herein for more information . story_separator_special_tag each credit is assigned a grade by the appropriate loan officer , which serves as a basis for the credit analysis of the entire portfolio . the assigned grade reflects the borrower 's creditworthiness , collateral values , cash flows and other factors . an independent loan review department of the bank is responsible for reviewing the credit rating and classification of individual credits and assessing trends in the portfolio , adherence to internal credit policies and procedures and other factors that may affect the overall adequacy of the allowance . the work of the loan review department is supplemented by governmental regulatory agencies in 31 connection with their periodic examinations of the bank , which provides an additional independent level of review . the loss factors assigned to each classification are based upon the attributes of the loans and leases typically assigned to each grade ( such as loan to collateral values and borrower creditworthiness ) . further , the bank requires that a relatively narrow group of loans that have adverse internal ratings or that are significantly past due be subject to testing for impairment as required by sfas no . 114. management periodically reviews the loss factors assigned in light of the general economic environment and overall condition of the loan and lease portfolio and modifies the loss factors assigned to each classification as it deems appropriate . the overall allowance generally includes a component representing the results of other analyses intended to ensure that the allowance is adequate to cover other probable losses inherent in the portfolio . this component considers analyses of changes in credit risk resulting from the differing underwriting criteria in acquired loan and lease portfolios , industry concentrations , changes in the mix of loans and leases originated , overall credit criteria and other economic indicators . the provision for credit losses , the allowance for credit losses as a percentage of loans and leases outstanding at december 31 , 2007 , 2006 and 2005 and net charge-offs and net charge-offs as a percentage of average loans and leases for those years are shown in the following table : replace_table_token_24_th the increase in the provision for credit losses in 2007 compared to 2006 was a result of the increased credit risk from the loan growth experienced by the company , an increase in net charge-offs , as well as some downward migration of loans within the bank 's loan and lease credit ratings and classifications coupled with the $ 5.9 million reduction in the provision for credit losses in 2006 related to hurricane katrina because losses in the area impacted by the hurricane were less than originally anticipated . the decrease in the provision for credit losses in 2006 compared to 2005 was largely a result of the special provision for credit losses of $ 7.6 million recorded in 2005 related to the expected impact of hurricane katrina on the mississippi gulf coast region with the company recording a $ 5.9 million reduction in the provision for credit losses as contacts with customers in the hurricane-impacted area were re-established and losses related to loans in such area were determined not to be as great as originally anticipated immediately following the hurricane . net charge-offs as a percentage of average loans and leases declined slightly as a result of the company 's commitment to conservative lending policies throughout the economic cycle . because mortgage lending decisions are based on these conservative lending policies , the company continues to have nominal exposure , approximately $ 329,000 as of december 31 , 2007 , to the credit issues affecting the sub-prime residential mortgage market . net charge-offs in 2006 reflected the recovery of $ 1.4 million in life insurance proceeds from a policy assigned to the company to secure a loan that was previously charged-off . non-performing assets include non-accrual loans and leases , loans and leases more than 90 days past due , restructured loans and leases and foreclosed real estate . these assets serve as one indication of the quality of the bank 's loan and lease portfolio . non-performing assets totaled $ 53.5 million at december 31 , 2007 , compared to $ 33.9 million at december 31 , 2006 and $ 44.7 million at december 31 , 2005. the increase in the bank 's non-performing assets in 2007 when compared to 2006 primarily reflected additional foreclosed properties resulting from the weakening in the residential real estate sector affecting certain of our markets . the bank recorded losses from the loans that were secured by these foreclosed properties in the allowance for credit losses during 2007. for more information on nonperforming assets , see item 7. management 's discussion and analysis of financial condition and results of operations  financial condition  loans and leases. noninterest revenue the components of noninterest revenue for the years ended december 31 , 2007 , 2006 and 2005 and the percentage change between years are shown in the following table : 32 replace_table_token_25_th the company 's revenue from mortgage lending typically fluctuates as mortgage interest rates change and is primarily attributable to two activities  origination and sale of new mortgage loans and servicing mortgage loans . the company 's normal practice is to generate mortgage loans to sell them in the secondary market and to either retain or release the associated msrs with the loan sold . the company adopted sfas no . 156 on january 1 , 2006 , and , as a result , records msrs at fair value . prior to the company 's adoption of sfas no . 156 , msrs were capitalized based on the relative fair value of the servicing right and the mortgage loan on the date the mortgage loan was sold with the msr amortized in subsequent periods . for more information about the company 's treatment of msrs , see item 7. management 's discussion and analysis of financial condition and results of operations  critical

