” impact of covid-19 economic impact the covid-19 pandemic , which was declared a national emergency in the united states in march 2020 , continues to create extensive disruptions to u.s. and global economic conditions and financial markets and to businesses and the lives of individuals throughout the world . federal and state governments are taking unprecedented actions to contain the spread of the disease , including quarantines , travel bans , shelter-in-place orders , closures of businesses and schools , fiscal stimulus , and legislation designed to deliver monetary aid and other relief to businesses and individuals impacted by the pandemic . although in various locations certain activity restrictions have been relaxed with some level of success , in many states and localities the number of individuals diagnosed with 59 covid-19 has increased significantly , causing a freezing or , in certain cases , a reversal of previously announced relaxation of activity restrictions and prompting the need for additional aid and other forms of relief . moreover , although multiple covid-19 vaccines have received regulatory approval and currently are being distributed to certain at-risk populations , it is too early to know how quickly these vaccines can be distributed to the broader population and how effective the vaccination of the broader population will be in mitigating the adverse social and economic effects of the pandemic . further , variant strains of the covid-19 virus have appeared , further complicating efforts of the medical community and federal , state and local governments in response to the pandemic . the governmental and social response to the covid-19 pandemic has resulted in an unprecedented slowdown in economic activity and a related increase in unemployment . since the outbreak of covid-19 in the united states , more than 70 million people nationwide have filed claims for unemployment . stock markets , trading prices of bank stocks in particular , significantly declined in value in the first half of 2020 , though many bank stocks ' trading prices have since recovered . as of february 2021 , the national unemployment rate was 6.2 % . although an improvement from the 14.7 % national unemployment rate observed in april 2020 , the current rate of unemployment is substantially higher than the 3.6 % national unemployment rate observed in january 2020 prior to the outbreak of covid-19 in the united states . the covid-19 pandemic is rapidly evolving , and the ultimate impact will depend on future developments , which are highly uncertain and can not be predicted , including the scope and duration of the pandemic and actions taken currently or in the future by governmental authorities in response to the pandemic . and while there have been trillions of dollars in economic stimulus packages initiated by the federal reserve and the federal government , in efforts to counteract the significant economic disruptions resulting from the covid-19 pandemic , there can be no assurance that these packages will be sufficient , or produce positive results quickly enough , to stimulate the economy , and additional governmental stimulus and related interventions may be needed . accordingly , the company will be operating under uncertain economic conditions for a lengthy period of time . to help address the recent , significant disruptions in the functioning of the financial markets and increased economic and market uncertainty and volatility , the fomc has reduced the benchmark federal funds rate to a target range of 0 % to 0.25 % , and the yields on 10- and 30-year treasury notes have declined to historic lows . throughout 2020 , the fomc continued to follow this approach as pandemic-related risks to the economy are likely to persist for the foreseeable future , indicating that the target federal funds rate would remain at current levels until the economy is in position to achieve the fomc 's maximum-employment and price-stability goals . in addition , in order to support the flow of credit to households and businesses , the frb indicated that it would continue to increase its holdings of u.s. treasury securities and agency residential and commercial mortgage-backed securities to sustain proper functioning of the financial markets . the reductions in interest rates , especially if prolonged , could adversely affect our net interest income , net interest spread and net interest margin . forbearance and eviction moratoria and other borrower relief congress and various state governments and federal agencies have taken actions to require lenders to provide forbearance and other relief to borrowers ( for example , waiving late payment and other fees ) . the federal banking agencies have encouraged financial institutions to work constructively with affected borrowers , and recently passed legislation has provided relief from reporting loan classifications due to modifications related to the covid-19 pandemic . the cares act created a forbearance program for impacted borrowers and imposed a temporary 60-day moratorium on foreclosures and foreclosure-related evictions in respect of federally backed residential real estate loans . in addition , the cares act established a forbearance program for multifamily mortgage loan borrowers with a federally backed multifamily mortgage loan whose payments were current as of february 1 , 2020 but who have since experienced financial hardship as a result of covid-19 . since the passage of the cares act , various federal agencies with responsibility over the programs that provide federal backing of residential and multifamily mortgage loans have modified and extended these forbearance and moratorium programs and so continue to affect our real estate lending business . additionally , temporary bans on evictions and foreclosures have been enacted through a mix of executive orders , regulations , and judicial orders in many states in which we do business or in which our borrowers and loan collateral are located . certain such relief orders have since expired , although several states , including california , new york and new jersey , have extended their temporary orders and may continue to do so indefinitely . story_separator_special_tag high vacancy rates reduce operating revenues and the ability for the properties to produce sufficient cash flow to service debt obligations . the segmentation classes identified by the company in the commercial real estate portfolio consist of retail , multifamily , offices , hotels/sros , industrial and other . the construction loan portfolio is comprised of loans to builders and developers primarily for residential , commercial and mixed-use development . in addition to general commercial real estate risks , construction loans have additional risk of cost overruns , market deterioration during construction , lack of permanent financing and no operating history . the commercial lines of credit portfolio is comprised of loans to businesses such as sole proprietorships , partnerships , limited liability companies and corporations for the daily operating needs of the business . the risk characteristics of these loans vary based on the borrowers ' business and industry as repayment is typically dependent on cash flows generated from the underlying business . these loans may be secured by real estate or other assets or may be unsecured . the segmentation classes in the commercial lines of credit portfolio consist of private banking loans and commercial & industrial lending . see note 2—summary of significant accounting policies—allowance for loan losses to our consolidated financial statements for further information on how we recognize and measure our allowance for loan losses . fair value of financial instruments fair value is defined as the exit price , the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants on the measurement date under current market conditions . we use fair value measurements to record fair value adjustments to certain financial instruments and to determine fair value disclosures . for example , debt securities available for sale are carried at fair value each period . other financial instruments , including substantially all of our loans held for sale , are not carried at fair value each period but may require nonrecurring fair value adjustments due to application of lower-of-cost-or-market accounting . we also disclose our estimate of fair value for financial instruments not recorded at fair value , such as loans held for investment or issuances of long-term debt . the degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted market prices or observable market inputs . for financial instruments that are traded actively and have quoted market prices or observable market inputs , there is nominal subjectivity involved in measuring fair value . however , when quoted market prices or observable market inputs are not fully available , significant management judgment may be necessary to estimate fair value . when developing fair value measurements , we maximize the use of observable inputs and minimize the use of unobservable inputs . when available , we use quoted prices in active markets to measure fair value . if quoted prices in active markets are not available , fair value measurement is based upon models that use primarily market-based or independently sourced market parameters , such as interest rate yield curves and prepayment speeds . in certain cases , when market observable inputs for model-based valuation techniques are not readily available , we are required to make judgments about assumptions market participants would use to estimate fair value . significant judgment is also required to determine whether certain assets measured at fair value are classified as level 2 or level 3 of the fair value hierarchy . when making this judgment , we consider available information , including observable market data , indications of market liquidity and orderliness , and our understanding of the valuation techniques and significant inputs used . the 64 classification of level 2 or level 3 is based upon the specific facts and circumstances of each instrument or instrument category and judgments are made regarding the significance of the level 3 inputs to the instruments ' fair value measurement in its entirety . if level 3 inputs are considered significant , the instrument is classified as level 3. see note 15-fair value of financial instruments to our consolidated financial statements for more information on our use of fair value estimates . valuation of mortgage servicing rights mortgage servicing rights are recognized separately when residential real estate loans are sold with servicing rights retained by the bank . mortgage servicing rights are initially recorded at fair value , which is determined based on an internal valuation model that calculates the present value of estimated future net servicing income based on an analysis of future cash flows , incorporating estimates of assumptions market participants would use in determining fair value , including market discount rates , prepayment speeds , servicing income , servicing costs and default rates . mortgage servicing rights are subsequently measured using the amortization method which requires mortgage servicing rights to be amortized into non-interest income in the consolidated statements of income in proportion to , and over the period of , the estimated future net servicing income of the underlying loans . on a quarterly basis , mortgage servicing rights are evaluated for impairment based upon the fair value of the mortgage servicing rights as compared to their carrying amount . impairment is determined by stratifying rights into groupings based on predominant risk characteristics , such as interest rate , loan type and investor type . if the carrying amount of an individual grouping exceeds fair value , impairment is recorded on that grouping so that the mortgage servicing rights is carried at fair value . impairment is recognized through an addition to a valuation allowance for an individual grouping . if it is later determined that all or a portion of the impairment no longer exists for a particular grouping , a reduction of the valuation allowance may be recorded as an

liquidity and capital resources liquidity is the ability to meet current and future financial obligations when they come due . our primary sources of funds consist of deposit inflows , loan repayments and fhlb borrowings . while maturities and scheduled amortization of loans and securities are predictable sources of funds , deposit flows and mortgage prepayments are greatly influenced by general interest rates , economic conditions and competition . we regularly review the need to adjust our investments in liquid assets based upon our assessment of : ( 1 ) expected loan demand , ( 2 ) expected deposit flows , ( 3 ) yields available on interest earning deposits and securities and ( 4 ) the objectives of our asset/liability management program . excess liquid assets are generally invested in interest-earning deposits and short-term securities . our most liquid assets are cash and due from banks , interest-bearing time deposits with other banks and debt securities classified as available for sale . the levels of these assets are dependent on our operating , financing , lending and investing activities during any given period . at december 31 , 2020 and 2019 , cash and due from banks totaled $ 998.5 million and $ 77.8 million , respectively ; interest-bearing time deposits with other banks totaled $ 7.0 million and $ 1.0 million , respectively ; debt securities available for sale , which provide additional sources of liquidity , totaled $ 299.6 million and $ 147.3 million , respectively . at december 31 , 2020 , outstanding fhlb borrowings totaled $ 318.0 million , compared to $ 229.0 million at december 31 , 2019 , and there were no amounts outstanding on lines of credit with other banks at december 31 , 2020 and 2019. at december 31 , 2020 , we had the ability to borrow an additional $ 170.8 million from the fhlb , which included an available line of credit of $ 50.0 million . we also had available credit lines with other banks totaling $ 100.0 million . we have no material commitments or demands that are likely to affect our liquidity other than as set forth below .


 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 liquidity is the ability to meet current and future financial obligations when they come due . our primary sources of funds consist of deposit inflows , loan repayments and fhlb borrowings . while maturities and scheduled amortization of loans and securities are predictable sources of funds , deposit flows and mortgage prepayments are greatly influenced by general interest rates , economic conditions and competition . we regularly review the need to adjust our investments in liquid assets based upon our assessment of : ( 1 ) expected loan demand , ( 2 ) expected deposit flows , ( 3 ) yields available on interest earning deposits and securities and ( 4 ) the objectives of our asset/liability management program . excess liquid assets are generally invested in interest-earning deposits and short-term securities . our most liquid assets are cash and due from banks , interest-bearing time deposits with other banks and debt securities classified as available for sale . the levels of these assets are dependent on our operating , financing , lending and investing activities during any given period . at december 31 , 2020 and 2019 , cash and due from banks totaled $ 998.5 million and $ 77.8 million , respectively ; interest-bearing time deposits with other banks totaled $ 7.0 million and $ 1.0 million , respectively ; debt securities available for sale , which provide additional sources of liquidity , totaled $ 299.6 million and $ 147.3 million , respectively . at december 31 , 2020 , outstanding fhlb borrowings totaled $ 318.0 million , compared to $ 229.0 million at december 31 , 2019 , and there were no amounts outstanding on lines of credit with other banks at december 31 , 2020 and 2019. at december 31 , 2020 , we had the ability to borrow an additional $ 170.8 million from the fhlb , which included an available line of credit of $ 50.0 million . we also had available credit lines with other banks totaling $ 100.0 million . we have no material commitments or demands that are likely to affect our liquidity other than as set forth below .
```    
 Suspicious Activity Report : ” impact of covid-19 economic impact the covid-19 pandemic , which was declared a national emergency in the united states in march 2020 , continues to create extensive disruptions to u.s. and global economic conditions and financial markets and to businesses and the lives of individuals throughout the world . federal and state governments are taking unprecedented actions to contain the spread of the disease , including quarantines , travel bans , shelter-in-place orders , closures of businesses and schools , fiscal stimulus , and legislation designed to deliver monetary aid and other relief to businesses and individuals impacted by the pandemic . although in various locations certain activity restrictions have been relaxed with some level of success , in many states and localities the number of individuals diagnosed with 59 covid-19 has increased significantly , causing a freezing or , in certain cases , a reversal of previously announced relaxation of activity restrictions and prompting the need for additional aid and other forms of relief . moreover , although multiple covid-19 vaccines have received regulatory approval and currently are being distributed to certain at-risk populations , it is too early to know how quickly these vaccines can be distributed to the broader population and how effective the vaccination of the broader population will be in mitigating the adverse social and economic effects of the pandemic . further , variant strains of the covid-19 virus have appeared , further complicating efforts of the medical community and federal , state and local governments in response to the pandemic . the governmental and social response to the covid-19 pandemic has resulted in an unprecedented slowdown in economic activity and a related increase in unemployment . since the outbreak of covid-19 in the united states , more than 70 million people nationwide have filed claims for unemployment . stock markets , trading prices of bank stocks in particular , significantly declined in value in the first half of 2020 , though many bank stocks ' trading prices have since recovered . as of february 2021 , the national unemployment rate was 6.2 % . although an improvement from the 14.7 % national unemployment rate observed in april 2020 , the current rate of unemployment is substantially higher than the 3.6 % national unemployment rate observed in january 2020 prior to the outbreak of covid-19 in the united states . the covid-19 pandemic is rapidly evolving , and the ultimate impact will depend on future developments , which are highly uncertain and can not be predicted , including the scope and duration of the pandemic and actions taken currently or in the future by governmental authorities in response to the pandemic . and while there have been trillions of dollars in economic stimulus packages initiated by the federal reserve and the federal government , in efforts to counteract the significant economic disruptions resulting from the covid-19 pandemic , there can be no assurance that these packages will be sufficient , or produce positive results quickly enough , to stimulate the economy , and additional governmental stimulus and related interventions may be needed . accordingly , the company will be operating under uncertain economic conditions for a lengthy period of time . to help address the recent , significant disruptions in the functioning of the financial markets and increased economic and market uncertainty and volatility , the fomc has reduced the benchmark federal funds rate to a target range of 0 % to 0.25 % , and the yields on 10- and 30-year treasury notes have declined to historic lows . throughout 2020 , the fomc continued to follow this approach as pandemic-related risks to the economy are likely to persist for the foreseeable future , indicating that the target federal funds rate would remain at current levels until the economy is in position to achieve the fomc 's maximum-employment and price-stability goals . in addition , in order to support the flow of credit to households and businesses , the frb indicated that it would continue to increase its holdings of u.s. treasury securities and agency residential and commercial mortgage-backed securities to sustain proper functioning of the financial markets . the reductions in interest rates , especially if prolonged , could adversely affect our net interest income , net interest spread and net interest margin . forbearance and eviction moratoria and other borrower relief congress and various state governments and federal agencies have taken actions to require lenders to provide forbearance and other relief to borrowers ( for example , waiving late payment and other fees ) . the federal banking agencies have encouraged financial institutions to work constructively with affected borrowers , and recently passed legislation has provided relief from reporting loan classifications due to modifications related to the covid-19 pandemic . the cares act created a forbearance program for impacted borrowers and imposed a temporary 60-day moratorium on foreclosures and foreclosure-related evictions in respect of federally backed residential real estate loans . in addition , the cares act established a forbearance program for multifamily mortgage loan borrowers with a federally backed multifamily mortgage loan whose payments were current as of february 1 , 2020 but who have since experienced financial hardship as a result of covid-19 . since the passage of the cares act , various federal agencies with responsibility over the programs that provide federal backing of residential and multifamily mortgage loans have modified and extended these forbearance and moratorium programs and so continue to affect our real estate lending business . additionally , temporary bans on evictions and foreclosures have been enacted through a mix of executive orders , regulations , and judicial orders in many states in which we do business or in which our borrowers and loan collateral are located . certain such relief orders have since expired , although several states , including california , new york and new jersey , have extended their temporary orders and may continue to do so indefinitely . story_separator_special_tag high vacancy rates reduce operating revenues and the ability for the properties to produce sufficient cash flow to service debt obligations . the segmentation classes identified by the company in the commercial real estate portfolio consist of retail , multifamily , offices , hotels/sros , industrial and other . the construction loan portfolio is comprised of loans to builders and developers primarily for residential , commercial and mixed-use development . in addition to general commercial real estate risks , construction loans have additional risk of cost overruns , market deterioration during construction , lack of permanent financing and no operating history . the commercial lines of credit portfolio is comprised of loans to businesses such as sole proprietorships , partnerships , limited liability companies and corporations for the daily operating needs of the business . the risk characteristics of these loans vary based on the borrowers ' business and industry as repayment is typically dependent on cash flows generated from the underlying business . these loans may be secured by real estate or other assets or may be unsecured . the segmentation classes in the commercial lines of credit portfolio consist of private banking loans and commercial & industrial lending . see note 2—summary of significant accounting policies—allowance for loan losses to our consolidated financial statements for further information on how we recognize and measure our allowance for loan losses . fair value of financial instruments fair value is defined as the exit price , the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants on the measurement date under current market conditions . we use fair value measurements to record fair value adjustments to certain financial instruments and to determine fair value disclosures . for example , debt securities available for sale are carried at fair value each period . other financial instruments , including substantially all of our loans held for sale , are not carried at fair value each period but may require nonrecurring fair value adjustments due to application of lower-of-cost-or-market accounting . we also disclose our estimate of fair value for financial instruments not recorded at fair value , such as loans held for investment or issuances of long-term debt . the degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted market prices or observable market inputs . for financial instruments that are traded actively and have quoted market prices or observable market inputs , there is nominal subjectivity involved in measuring fair value . however , when quoted market prices or observable market inputs are not fully available , significant management judgment may be necessary to estimate fair value . when developing fair value measurements , we maximize the use of observable inputs and minimize the use of unobservable inputs . when available , we use quoted prices in active markets to measure fair value . if quoted prices in active markets are not available , fair value measurement is based upon models that use primarily market-based or independently sourced market parameters , such as interest rate yield curves and prepayment speeds . in certain cases , when market observable inputs for model-based valuation techniques are not readily available , we are required to make judgments about assumptions market participants would use to estimate fair value . significant judgment is also required to determine whether certain assets measured at fair value are classified as level 2 or level 3 of the fair value hierarchy . when making this judgment , we consider available information , including observable market data , indications of market liquidity and orderliness , and our understanding of the valuation techniques and significant inputs used . the 64 classification of level 2 or level 3 is based upon the specific facts and circumstances of each instrument or instrument category and judgments are made regarding the significance of the level 3 inputs to the instruments ' fair value measurement in its entirety . if level 3 inputs are considered significant , the instrument is classified as level 3. see note 15-fair value of financial instruments to our consolidated financial statements for more information on our use of fair value estimates . valuation of mortgage servicing rights mortgage servicing rights are recognized separately when residential real estate loans are sold with servicing rights retained by the bank . mortgage servicing rights are initially recorded at fair value , which is determined based on an internal valuation model that calculates the present value of estimated future net servicing income based on an analysis of future cash flows , incorporating estimates of assumptions market participants would use in determining fair value , including market discount rates , prepayment speeds , servicing income , servicing costs and default rates . mortgage servicing rights are subsequently measured using the amortization method which requires mortgage servicing rights to be amortized into non-interest income in the consolidated statements of income in proportion to , and over the period of , the estimated future net servicing income of the underlying loans . on a quarterly basis , mortgage servicing rights are evaluated for impairment based upon the fair value of the mortgage servicing rights as compared to their carrying amount . impairment is determined by stratifying rights into groupings based on predominant risk characteristics , such as interest rate , loan type and investor type . if the carrying amount of an individual grouping exceeds fair value , impairment is recorded on that grouping so that the mortgage servicing rights is carried at fair value . impairment is recognized through an addition to a valuation allowance for an individual grouping . if it is later determined that all or a portion of the impairment no longer exists for a particular grouping , a reduction of the valuation allowance may be recorded as an

