the regulatory common equity tier 1 ( cet1 ) risk-based capital ratio was 10.00 % , up 12 basis points . the regulatory tier 1 risk-based capital ratio was 12.47 % , up 121 basis points . the balance sheet growth impact on regulatory capital ratios was largely offset by a change in asset mix during 2020 related to the ppp loans and elevated deposits at the federal reserve , both of which are 0 % risk weighted . the capital impact of earnings , adjusted for the cecl transition was largely offset by the repurchase of $ 92 million of common stock over the last four quarters ( primarily in the 2020 first quarter ) and cash dividends . the regulatory tier 1 risk-based capital ratio also reflects the issuance of $ 500 million of series f preferred stock and $ 500 million of series g preferred stock in the 2020 second quarter and third quarter , respectively . business overview general our general business objectives are : consistent organic revenue and balance sheet growth . invest in our businesses , particularly technology and risk management . deliver positive long-term operating leverage . maintain aggregate moderate-to-low risk appetite . disciplined capital management . covid-19 the covid-19 pandemic has caused and continues to cause significant , unprecedented disruption that affects daily living and negatively impacts the global economy . the pandemic has resulted in temporary closures of many businesses and the institution of social distancing and shelter in place requirements in many states and communities , increasing unemployment levels and causing volatility in the financial markets . as further discussed in “ discussion of results of operations , ” the reduction in interest rates , borrower and counterparty credit deterioration and market volatility , among other factors , impacted our 2020 performance . though we are unable to estimate the magnitude , we expect the pandemic and related global economic crisis will adversely affect our future operating results . huntington was able to react quickly to these changes because of the commitment and flexibility of its workforce coupled with well-prepared business continuity plans . to ensure the safety of our branch colleagues , while still meeting the needs of our customers , we moved to the use of branches with drive-thru only , with in-person meetings by appointment during shelter-in-place orders . for other colleagues , we have implemented a work-from-home approach with increased communication to keep them informed , engaged , productive and connected . additional benefits have been provided , including medical , emergency paid time off and other programs for those whose families have been directly impacted by the virus . while state and local governments have partially eased temporary business closures and shelter in place requirements and we have opened our branches , we expect our colleagues who have been operating remotely to continue for some period of time . while vaccines have been approved and are being administered throughout our footprint , it remains unknown when , or if , there will be a return to historical normal economic and social activity . for our customers , we have established a variety of temporary relief programs which include loan payment deferrals , late fee and overdraft waivers and the suspension of foreclosure and repossessions . we continue to work with our customers to originate and renew business loans as well as originated loans made available through the initial small business administration paycheck protection program , a lending program established as part of the relief to american consumers and businesses in the coronavirus aid , relief , and economic security act ( “ cares act ” ) . the economic aid to hard-hit small businesses , nonprofits , and venues act ( “ economic aid act ” ) reopens and extends the ppp loan program . as of february 19 , 2021 , we have processed approximately 16,000 applications totaling $ 1.8 billion under the reopened program . cares act the cares act was passed by congress and signed into law on march 27 , 2020. it provides for financial stimulus and government lending programs at unprecedented levels . the benefits of these programs within the economy remain uncertain . the cares act includes a total allocation of $ 659 billion for loans to be issued by financial institutions through the sba . this program is known as the ppp . ppp loans are forgivable , in whole or in part , if the 47 huntington bancshares incorporated proceeds are used for payroll and other permitted purposes in accordance with the requirements of the ppp . these loans carry a fixed rate of 1.00 % and terms of two or five years , if not forgiven , in whole or in part . the loans also require deferral of principal and interest repayment . the loans are 100 % guaranteed by the sba . the sba pays the originating bank a processing fee ranging from 1 % to 5 % , based on the size of the loan . in addition , the frb has implemented a liquidity facility available to financial institutions participating in the ppp ( “ ppplf ” ) . in conjunction with the ppp , the ppplf will allow the federal reserve banks to lend to member banks on a non-recourse basis with ppp loans as collateral . additionally , the cares act provides for relief on existing and new sba loans through small business debt relief . as part of the sba small business debt relief , the sba will automatically pay principal , interest and fees of certain sba loans for a period of six months for both existing loans and new loans issued prior to september 27 , 2020. to aid small- and medium-sized businesses across our footprint in 2020 , we funded more than 38,000 loans in the amount of $ 6.6 billion through the sba 's ppp . story_separator_special_tag the risk oversight and technology committees routinely hold joint sessions to cover matters relevant to both such as cybersecurity and it risk and control projects and risk assessments . further , through its compensation committee , the board of directors seeks to ensure its system of rewards is risk-sensitive and aligns the interests of management , creditors , and shareholders . we utilize a variety of compensation-related tools to induce appropriate behavior , including common stock ownership thresholds for the chief executive officer and certain members of senior management , a requirement to hold until retirement or exit from the company , a portion of net shares received upon exercise of stock options or release of restricted stock awards ( 50 % for executive officers and 25 % for other award recipients ) , equity deferrals , recoupment provisions , and the right to terminate compensation plans at any time . management has implemented an enterprise risk management and risk appetite framework . critically important is our self-assessment process , in which each business segment produces an analysis of its risks and the strength of its risk controls . the segment analyses are combined with assessments by our risk management organization of major risk sectors ( e.g . , credit , market , liquidity , operational , compliance , strategic , and reputation ) to produce an overall enterprise risk assessment . outcomes of the process include a determination of the quality of the overall control process , the direction of risk , and our position compared to the defined risk appetite . management also utilizes a wide series of metrics ( key risk indicators ) to monitor risk positions throughout the company . in general , a range for each metric is established , which allows the company , in aggregate , to operate 2020 form 10-k 56 within an aggregate moderate-to-low risk profile . deviations from the range will indicate if the risk being measured exceeds desired tolerance , which may then necessitate corrective action . we also have four executive level committees to manage risk : alco , credit policy and strategy , risk management , and capital management . each committee focuses on specific categories of risk and is supported by a series of subcommittees that are tactical in nature . we believe this structure helps ensure appropriate escalation of issues and overall communication of strategies . huntington utilizes three lines of defense with regard to risk management : ( 1 ) business segments , ( 2 ) corporate risk management , and ( 3 ) internal audit and credit review . to induce greater ownership of risk within its business segments , segment risk officers have been embedded in the business to identify and monitor risk , elevate and remediate issues , establish controls , perform self-testing , and oversee the self-assessment process . corporate risk management establishes policies , sets operating limits , reviews new or modified products/processes , ensures consistency and quality assurance within the segments , and produces the enterprise risk assessment . the chief risk officer has significant input into the design and outcome of incentive compensation plans as they apply to risk . internal audit and credit review provide additional assurance that risk-related functions are operating as intended . a comprehensive discussion of risk management and capital matters affecting us can be found in the risk factors section included in item 1a : risk factors and the “ regulatory matters ” section of item 1 : business of this form 10-k. some of the more significant processes used to manage and control credit , market , liquidity , operational , and compliance risks are described in the following sections . credit risk credit risk is the risk of financial loss if a counterparty is not able to meet the agreed upon terms of the financial obligation . the majority of our credit risk is associated with lending activities , as the acceptance and management of credit risk is central to profitable lending . we also have credit risk associated with our investment securities portfolios ( see note 4 - `` investment securities and other securities `` of the notes to consolidated financial statements ) . we engage with other financial counterparties for a variety of purposes including investing , asset and liability management , mortgage banking , and trading activities . a variety of derivative financial instruments , principally interest rate swaps , caps , floors , and collars , are used in asset and liability management activities to protect against the risk of adverse price or interest rate movements . huntington also uses derivatives , principally loan sale commitments , in hedging its mortgage loan interest rate lock commitments and its mortgage loans held for sale . while there is credit risk associated with derivative activity , we believe this exposure is minimal . ( see note 1 - `` significant accounting policies `` of the notes to consolidated financial statements . ) we focus on the early identification , monitoring , and management of all aspects of our credit risk . in addition to the traditional credit risk mitigation strategies of credit policies and processes , market risk management activities , and portfolio diversification , we use quantitative measurement capabilities utilizing external data sources , enhanced modeling technology , and internal stress testing processes . our continued ongoing expansion of portfolio management resources is central to our our commitment to maintaining an aggregate moderate-to-low risk profile . in our efforts to identify risk mitigation techniques , we have focused on product design features , origination policies , and solutions for delinquent or stressed borrowers . the maximum level of credit exposure to individual credit borrowers is limited by policy guidelines based on the perceived risk of each borrower or related group of borrowers . all authority to grant commitments sits with the independent credit administration function and is closely monitored and regularly updated . concentration risk is managed

parent company liquidity the parent company 's funding requirements consist primarily of dividends to shareholders , debt service , income taxes , operating expenses , funding of nonbank subsidiaries , repurchases of our stock , and acquisitions . the parent company obtains funding to meet obligations from dividends and interest received from the bank , interest and dividends received from direct subsidiaries , net taxes collected from subsidiaries included in the federal consolidated tax return , fees for services provided to subsidiaries , and the issuance of debt securities . at december 31 , 2020 and december 31 , 2019 , the parent company had $ 4.4 billion and $ 3.1 billion , respectively , in cash and cash equivalents . on january 20 , 2021 , the board of directors declared a quarterly common stock cash dividend of $ 0.15 per common share . the dividend is payable on april 1 , 2021 , to shareholders of record on march 18 , 2021. based on the current quarterly dividend of $ 0.15 per common share , cash demands required for common stock dividends are estimated to be approximately $ 153 million per quarter . on january 20 , 2021 , the board of directors declared a quarterly series b , series c , series d , series e , series f , and series g preferred stock dividend payable on april 15 , 2021 to shareholders of record on april 1 , 2021. total cash demands required for series b , series c , series d , series e , series f, and series g preferred stock are expected to be approximately $ 31 million per quarter .


 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.
     ```parent company liquidity the parent company 's funding requirements consist primarily of dividends to shareholders , debt service , income taxes , operating expenses , funding of nonbank subsidiaries , repurchases of our stock , and acquisitions . the parent company obtains funding to meet obligations from dividends and interest received from the bank , interest and dividends received from direct subsidiaries , net taxes collected from subsidiaries included in the federal consolidated tax return , fees for services provided to subsidiaries , and the issuance of debt securities . at december 31 , 2020 and december 31 , 2019 , the parent company had $ 4.4 billion and $ 3.1 billion , respectively , in cash and cash equivalents . on january 20 , 2021 , the board of directors declared a quarterly common stock cash dividend of $ 0.15 per common share . the dividend is payable on april 1 , 2021 , to shareholders of record on march 18 , 2021. based on the current quarterly dividend of $ 0.15 per common share , cash demands required for common stock dividends are estimated to be approximately $ 153 million per quarter . on january 20 , 2021 , the board of directors declared a quarterly series b , series c , series d , series e , series f , and series g preferred stock dividend payable on april 15 , 2021 to shareholders of record on april 1 , 2021. total cash demands required for series b , series c , series d , series e , series f, and series g preferred stock are expected to be approximately $ 31 million per quarter .
```    
 Suspicious Activity Report : the regulatory common equity tier 1 ( cet1 ) risk-based capital ratio was 10.00 % , up 12 basis points . the regulatory tier 1 risk-based capital ratio was 12.47 % , up 121 basis points . the balance sheet growth impact on regulatory capital ratios was largely offset by a change in asset mix during 2020 related to the ppp loans and elevated deposits at the federal reserve , both of which are 0 % risk weighted . the capital impact of earnings , adjusted for the cecl transition was largely offset by the repurchase of $ 92 million of common stock over the last four quarters ( primarily in the 2020 first quarter ) and cash dividends . the regulatory tier 1 risk-based capital ratio also reflects the issuance of $ 500 million of series f preferred stock and $ 500 million of series g preferred stock in the 2020 second quarter and third quarter , respectively . business overview general our general business objectives are : consistent organic revenue and balance sheet growth . invest in our businesses , particularly technology and risk management . deliver positive long-term operating leverage . maintain aggregate moderate-to-low risk appetite . disciplined capital management . covid-19 the covid-19 pandemic has caused and continues to cause significant , unprecedented disruption that affects daily living and negatively impacts the global economy . the pandemic has resulted in temporary closures of many businesses and the institution of social distancing and shelter in place requirements in many states and communities , increasing unemployment levels and causing volatility in the financial markets . as further discussed in “ discussion of results of operations , ” the reduction in interest rates , borrower and counterparty credit deterioration and market volatility , among other factors , impacted our 2020 performance . though we are unable to estimate the magnitude , we expect the pandemic and related global economic crisis will adversely affect our future operating results . huntington was able to react quickly to these changes because of the commitment and flexibility of its workforce coupled with well-prepared business continuity plans . to ensure the safety of our branch colleagues , while still meeting the needs of our customers , we moved to the use of branches with drive-thru only , with in-person meetings by appointment during shelter-in-place orders . for other colleagues , we have implemented a work-from-home approach with increased communication to keep them informed , engaged , productive and connected . additional benefits have been provided , including medical , emergency paid time off and other programs for those whose families have been directly impacted by the virus . while state and local governments have partially eased temporary business closures and shelter in place requirements and we have opened our branches , we expect our colleagues who have been operating remotely to continue for some period of time . while vaccines have been approved and are being administered throughout our footprint , it remains unknown when , or if , there will be a return to historical normal economic and social activity . for our customers , we have established a variety of temporary relief programs which include loan payment deferrals , late fee and overdraft waivers and the suspension of foreclosure and repossessions . we continue to work with our customers to originate and renew business loans as well as originated loans made available through the initial small business administration paycheck protection program , a lending program established as part of the relief to american consumers and businesses in the coronavirus aid , relief , and economic security act ( “ cares act ” ) . the economic aid to hard-hit small businesses , nonprofits , and venues act ( “ economic aid act ” ) reopens and extends the ppp loan program . as of february 19 , 2021 , we have processed approximately 16,000 applications totaling $ 1.8 billion under the reopened program . cares act the cares act was passed by congress and signed into law on march 27 , 2020. it provides for financial stimulus and government lending programs at unprecedented levels . the benefits of these programs within the economy remain uncertain . the cares act includes a total allocation of $ 659 billion for loans to be issued by financial institutions through the sba . this program is known as the ppp . ppp loans are forgivable , in whole or in part , if the 47 huntington bancshares incorporated proceeds are used for payroll and other permitted purposes in accordance with the requirements of the ppp . these loans carry a fixed rate of 1.00 % and terms of two or five years , if not forgiven , in whole or in part . the loans also require deferral of principal and interest repayment . the loans are 100 % guaranteed by the sba . the sba pays the originating bank a processing fee ranging from 1 % to 5 % , based on the size of the loan . in addition , the frb has implemented a liquidity facility available to financial institutions participating in the ppp ( “ ppplf ” ) . in conjunction with the ppp , the ppplf will allow the federal reserve banks to lend to member banks on a non-recourse basis with ppp loans as collateral . additionally , the cares act provides for relief on existing and new sba loans through small business debt relief . as part of the sba small business debt relief , the sba will automatically pay principal , interest and fees of certain sba loans for a period of six months for both existing loans and new loans issued prior to september 27 , 2020. to aid small- and medium-sized businesses across our footprint in 2020 , we funded more than 38,000 loans in the amount of $ 6.6 billion through the sba 's ppp . story_separator_special_tag the risk oversight and technology committees routinely hold joint sessions to cover matters relevant to both such as cybersecurity and it risk and control projects and risk assessments . further , through its compensation committee , the board of directors seeks to ensure its system of rewards is risk-sensitive and aligns the interests of management , creditors , and shareholders . we utilize a variety of compensation-related tools to induce appropriate behavior , including common stock ownership thresholds for the chief executive officer and certain members of senior management , a requirement to hold until retirement or exit from the company , a portion of net shares received upon exercise of stock options or release of restricted stock awards ( 50 % for executive officers and 25 % for other award recipients ) , equity deferrals , recoupment provisions , and the right to terminate compensation plans at any time . management has implemented an enterprise risk management and risk appetite framework . critically important is our self-assessment process , in which each business segment produces an analysis of its risks and the strength of its risk controls . the segment analyses are combined with assessments by our risk management organization of major risk sectors ( e.g . , credit , market , liquidity , operational , compliance , strategic , and reputation ) to produce an overall enterprise risk assessment . outcomes of the process include a determination of the quality of the overall control process , the direction of risk , and our position compared to the defined risk appetite . management also utilizes a wide series of metrics ( key risk indicators ) to monitor risk positions throughout the company . in general , a range for each metric is established , which allows the company , in aggregate , to operate 2020 form 10-k 56 within an aggregate moderate-to-low risk profile . deviations from the range will indicate if the risk being measured exceeds desired tolerance , which may then necessitate corrective action . we also have four executive level committees to manage risk : alco , credit policy and strategy , risk management , and capital management . each committee focuses on specific categories of risk and is supported by a series of subcommittees that are tactical in nature . we believe this structure helps ensure appropriate escalation of issues and overall communication of strategies . huntington utilizes three lines of defense with regard to risk management : ( 1 ) business segments , ( 2 ) corporate risk management , and ( 3 ) internal audit and credit review . to induce greater ownership of risk within its business segments , segment risk officers have been embedded in the business to identify and monitor risk , elevate and remediate issues , establish controls , perform self-testing , and oversee the self-assessment process . corporate risk management establishes policies , sets operating limits , reviews new or modified products/processes , ensures consistency and quality assurance within the segments , and produces the enterprise risk assessment . the chief risk officer has significant input into the design and outcome of incentive compensation plans as they apply to risk . internal audit and credit review provide additional assurance that risk-related functions are operating as intended . a comprehensive discussion of risk management and capital matters affecting us can be found in the risk factors section included in item 1a : risk factors and the “ regulatory matters ” section of item 1 : business of this form 10-k. some of the more significant processes used to manage and control credit , market , liquidity , operational , and compliance risks are described in the following sections . credit risk credit risk is the risk of financial loss if a counterparty is not able to meet the agreed upon terms of the financial obligation . the majority of our credit risk is associated with lending activities , as the acceptance and management of credit risk is central to profitable lending . we also have credit risk associated with our investment securities portfolios ( see note 4 - `` investment securities and other securities `` of the notes to consolidated financial statements ) . we engage with other financial counterparties for a variety of purposes including investing , asset and liability management , mortgage banking , and trading activities . a variety of derivative financial instruments , principally interest rate swaps , caps , floors , and collars , are used in asset and liability management activities to protect against the risk of adverse price or interest rate movements . huntington also uses derivatives , principally loan sale commitments , in hedging its mortgage loan interest rate lock commitments and its mortgage loans held for sale . while there is credit risk associated with derivative activity , we believe this exposure is minimal . ( see note 1 - `` significant accounting policies `` of the notes to consolidated financial statements . ) we focus on the early identification , monitoring , and management of all aspects of our credit risk . in addition to the traditional credit risk mitigation strategies of credit policies and processes , market risk management activities , and portfolio diversification , we use quantitative measurement capabilities utilizing external data sources , enhanced modeling technology , and internal stress testing processes . our continued ongoing expansion of portfolio management resources is central to our our commitment to maintaining an aggregate moderate-to-low risk profile . in our efforts to identify risk mitigation techniques , we have focused on product design features , origination policies , and solutions for delinquent or stressed borrowers . the maximum level of credit exposure to individual credit borrowers is limited by policy guidelines based on the perceived risk of each borrower or related group of borrowers . all authority to grant commitments sits with the independent credit administration function and is closely monitored and regularly updated . concentration risk is managed

