AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS of its outstanding restricted stock awards and stock options and uses the if-converted method to calculate the effect of its outstanding Mandatory Convertible Preferred Stock.
Retirement Plan—The Company has a 401(k) plan covering substantially all employees who meet certain age and employment requirements.
For the years ended December 31, 2014 and 2013, the Company matched 75% of the first 6% of a participant’s contributions.
The Company’s matching contribution for the year ended December 31, 2012 was 50% of the first 6% of a participant’s contributions.
For the years ended December 31, 2014, 2013 and 2012, the Company contributed approximately $6.5 million, $6.0 million and $4.4 million to the plan, respectively.
Accounting Standards Updates—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued additional guidance on reporting discontinued operations.
Under this guidance, only disposals representing a strategic shift in operations would be presented as discontinued operations.
This guidance requires expanded disclosure that provides information about the assets, liabilities, income and expenses of discontinued operations.
Additionally, the guidance requires additional disclosure for a disposal of a significant part of an entity that does not qualify for discontinued operations reporting.
This guidance is effective for reporting periods beginning on or after December 15, 2014, with early adoption permitted for disposals or classifications of assets as held-for-sale that have not been reported in financial statements previously issued or available for issuance.
The Company chose to early adopt this guidance during the year ended December 31, 2014 and the adoption did not have a material effect on the Company’s financial statements.
In May 2014, the FASB issued new revenue recognition guidance, which requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled in exchange for the transfer of promised goods or services to customers.
The standard will replace most existing revenue recognition guidance in GAAP and will become effective on January 1, 2017.
The standard permits the use of either the retrospective or cumulative effect transition method, and leases are not included in the scope of this standard.
The Company is evaluating the impact this standard may have on its financial statements.2.
PREPAID AND OTHER CURRENT ASSETS Prepaid and other current assets consists of the following as of December 31, (in thousands):
## Table 0 ##
(1) December 31, 2013 balances have been revised to reflect purchase accounting measurement period adjustments.
customer friendly practices, such as our 24-Hour Grace?
account feature, which gives customers an additional business day to cover overdrafts to their consumer account without being charged overdraft fees.
The table below shows our competitive ranking and market share based on deposits of FDIC-insured institutions as of June 30, 2015, in the top 10 metropolitan statistical areas (MSA) in which we compete:
## Table 1 ##
Many of our nonfinancial institution competitors have fewer regulatory constraints, broader geographic service areas, greater capital, and, in some cases, lower cost structures.
In addition, competition for quality customers has intensified as a result of changes in regulation, advances in technology and product delivery systems, consolidation among financial service providers, bank failures, and the conversion of certain former investment banks to bank holding companies.
Financial Technology, or FinTech, startups are emerging in key areas of banking.
In response, we are monitoring activity in marketplace lending along with businesses engaged in money transfer, investment advice, and money management tools.
Our strategy involves assessing the marketplace, determining our near term plan, while developing a longer term approach to effectively service our existing customers and attract new customers.
This includes evaluating which products we develop inhouse, as well as evaluating partnership options where applicable.
Regulatory Matters We are subject to regulation by the SEC, the Federal Reserve, the OCC, the CFPB, and other federal and state regulators.
Because we are a public company, we are subject to regulation by the SEC.
The SEC has established five categories of issuers for the purpose of filing periodic and annual reports.
Under these regulations, we are considered to be a large accelerated filer and, as such, must comply with SEC accelerated reporting requirements.
The banking industry is highly regulated.
We and the Bank are subject to extensive federal and state laws and regulations that govern many aspects of our operations and limit the businesses in which we may engage.
These laws and regulations may change from time to time and are primarily intended for the protection of consumers, depositors, the Deposit Insurance Fund, the stability of the financial system in the United States, and the health of the national economy, and are not designed primarily to benefit or protect our shareholders or creditors.
The following discussion is not intended to be a complete list of the activities regulated by the banking laws and regulations applicable to us or our Bank or the impact of such laws and regulations on us or the Bank.
Changes in applicable laws or regulations, and in their interpretation and application by the bank regulatory agencies, cannot be predicted and may have a material effect on our business and results.
We are registered as a bank holding company with the Federal Reserve and qualify for and have elected to become a financial holding company under the Gramm-Leach-Bliley Act of 1999 ("GLBA").
We are subject to examination, regulation, and supervision by the Federal Reserve pursuant to the Bank Holding Company Act.
We are required to file reports and other information regarding our business operations and the business operations of our subsidiaries with the Federal Reserve.
The Federal Reserve maintains a bank holding company rating system that emphasizes risk management, introduces a framework for analyzing and rating financial factors, and provides a framework for assessing and rating the potential impact of
Table 45 - Selected Quarterly Income Statement Data (1) (dollar amounts in thousands, except per share amounts)
## Table 2 ##

<table><tr><td></td><td>2014</td><td>2013-1</td></tr><tr><td>Prepaid operating ground leases</td><td>$88,508</td><td>$96,881</td></tr><tr><td>Prepaid income tax</td><td>34,512</td><td>52,612</td></tr><tr><td>Unbilled receivables</td><td>25,352</td><td>25,412</td></tr><tr><td>Prepaid assets</td><td>23,848</td><td>34,243</td></tr><tr><td>Value added tax and other consumption tax receivables</td><td>23,228</td><td>77,016</td></tr><tr><td>Other miscellaneous current assets</td><td>59,174</td><td>61,253</td></tr><tr><td>Balance as of December 31,</td><td>$254,622</td><td>$347,417</td></tr></table>
<table><tr><td>MSA</td><td>Rank</td><td>Deposits (inmillions)</td><td>Market Share</td></tr><tr><td>Columbus, OH</td><td>1</td><td>$17,450</td><td>30%</td></tr><tr><td>Detroit, MI</td><td>7</td><td>5,163</td><td>4</td></tr><tr><td>Cleveland, OH</td><td>5</td><td>4,836</td><td>8</td></tr><tr><td>Indianapolis, IN</td><td>4</td><td>3,062</td><td>7</td></tr><tr><td>Pittsburgh, PA</td><td>8</td><td>2,782</td><td>2</td></tr><tr><td>Cincinnati, OH</td><td>4</td><td>2,577</td><td>3</td></tr><tr><td>Toledo, OH</td><td>1</td><td>2,354</td><td>24</td></tr><tr><td>Grand Rapids, MI</td><td>2</td><td>2,237</td><td>11</td></tr><tr><td>Youngstown, OH</td><td>1</td><td>2,019</td><td>22</td></tr><tr><td>Canton, OH</td><td>1</td><td>1,708</td><td>26</td></tr><tr><td>Source: FDIC.gov, based on June 30, 2015 survey.</td><td></td><td></td><td></td></tr></table>
<table><tr><td></td><td colspan="4">Three months ended</td></tr><tr><td></td><td>December 31, 2015</td><td>September 30, 2015</td><td>June 30, 2015</td><td>March 31, 2015</td></tr><tr><td>Interest income</td><td>$544,153</td><td>$538,477</td><td>$529,795</td><td>$502,096</td></tr><tr><td>Interest expense</td><td>47,242</td><td>43,022</td><td>39,109</td><td>34,411</td></tr><tr><td>Net interest income</td><td>496,911</td><td>495,455</td><td>490,686</td><td>467,685</td></tr><tr><td>Provision for credit losses</td><td>36,468</td><td>22,476</td><td>20,419</td><td>20,591</td></tr><tr><td>Net interest income after provision for credit losses</td><td>460,443</td><td>472,979</td><td>470,267</td><td>447,094</td></tr><tr><td>Total noninterest income</td><td>272,215</td><td>253,119</td><td>281,773</td><td>231,623</td></tr><tr><td>Total noninterest expense</td><td>498,766</td><td>526,508</td><td>491,777</td><td>458,857</td></tr><tr><td>Income before income taxes</td><td>233,892</td><td>199,590</td><td>260,263</td><td>219,860</td></tr><tr><td>Provision for income taxes</td><td>55,583</td><td>47,002</td><td>64,057</td><td>54,006</td></tr><tr><td>Net income</td><td>178,309</td><td>152,588</td><td>196,206</td><td>165,854</td></tr><tr><td>Dividends on preferred shares</td><td>7,972</td><td>7,968</td><td>7,968</td><td>7,965</td></tr><tr><td>Net income applicable to common shares</td><td>$170,337</td><td>$144,620</td><td>$188,238</td><td>$157,889</td></tr><tr><td>Common shares outstanding</td><td></td><td></td><td></td><td></td></tr><tr><td>Average—basic</td><td>796,095</td><td>800,883</td><td>806,891</td><td>809,778</td></tr><tr><td>Average—diluted-2</td><td>810,143</td><td>814,326</td><td>820,238</td><td>823,809</td></tr><tr><td>Ending</td><td>794,929</td><td>796,659</td><td>803,066</td><td>808,528</td></tr><tr><td>Book value per common share</td><td>$7.81</td><td>$7.78</td><td>$7.61</td><td>$7.51</td></tr><tr><td>Tangible book value per common share-3</td><td>6.91</td><td>6.88</td><td>6.71</td><td>6.62</td></tr><tr><td>Per common share</td><td></td><td></td><td></td><td></td></tr><tr><td>Net income—basic</td><td>$0.21</td><td>$0.18</td><td>$0.23</td><td>$0.19</td></tr><tr><td>Net income—diluted</td><td>0.21</td><td>0.18</td><td>0.23</td><td>0.19</td></tr><tr><td>Cash dividends declared</td><td>0.07</td><td>0.06</td><td>0.06</td><td>0.06</td></tr><tr><td>Common stock price, per share</td><td></td><td></td><td></td><td></td></tr><tr><td>High-4</td><td>$11.87</td><td>$11.90</td><td>$11.72</td><td>$11.30</td></tr><tr><td>Low-4</td><td>10.21</td><td>10.00</td><td>10.67</td><td>9.63</td></tr><tr><td>Close</td><td>11.06</td><td>10.60</td><td>11.31</td><td>11.05</td></tr><tr><td>Average closing price</td><td>11.18</td><td>11.16</td><td>11.19</td><td>10.56</td></tr><tr><td>Return on average total assets</td><td>1.00%</td><td>0.87%</td><td>1.16%</td><td>1.02%</td></tr><tr><td>Return on average common shareholders’ equity</td><td>10.8</td><td>9.3</td><td>12.3</td><td>10.6</td></tr><tr><td>Return on average tangible common shareholders’ equity-5</td><td>12.4</td><td>10.7</td><td>14.4</td><td>12.2</td></tr><tr><td>Efficiency ratio-6</td><td>63.7</td><td>69.1</td><td>61.7</td><td>63.5</td></tr><tr><td>Effective tax rate</td><td>23.8</td><td>23.5</td><td>24.6</td><td>24.6</td></tr><tr><td>Margin analysis-as a % of average earning assets-7</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income-7</td><td>3.37%</td><td>3.42%</td><td>3.45%</td><td>3.38%</td></tr><tr><td>Interest expense</td><td>0.28</td><td>0.26</td><td>0.25</td><td>0.23</td></tr><tr><td>Net interest margin-7</td><td>3.09%</td><td>3.16%</td><td>3.20%</td><td>3.15%</td></tr><tr><td>Revenue—FTE</td><td></td><td></td><td></td><td></td></tr><tr><td>Net interest income</td><td>$496,911</td><td>$495,455</td><td>$490,686</td><td>$467,685</td></tr><tr><td>FTE adjustment</td><td>8,425</td><td>8,168</td><td>7,962</td><td>7,560</td></tr><tr><td>Net interest income-7</td><td>505,336</td><td>503,623</td><td>498,648</td><td>475,245</td></tr><tr><td>Noninterest income</td><td>272,215</td><td>253,119</td><td>281,773</td><td>231,623</td></tr><tr><td>Total revenue-7</td><td>$777,551</td><td>$756,742</td><td>$780,421</td><td>$706,868</td></tr></table>

Question: In the quarter of 2015, as As the chart 2 shows,with the most Provision for income taxes in 2015, what is the growth rate quarterly of Provision for credit losses?