the increase from 2018 to 2019 was primarily the result of an increase of $ 11.7 million in broker-dealer fees and $ 6.1 million in banking and service fees due to increased fees from our trustee and fiduciary services , increased levels of prepayment penalty fee income of $ 2.0 million , partially offset by a mortgage banking income decrease of $ 8.5 million . non-interest expense for the fiscal year ended june 30 , 2020 was $ 275.8 million compared to $ 251.2 million and $ 173.9 million for the years ended june 30 , 2019 and 2018 , respectively . the increase was primarily due to an increase of $ 16.9 million in staffing for lending , information technology infrastructure development , clearing services , trustee and fiduciary services and regulatory compliance , an increase in depreciation and amortization of $ 8.0 million , an increase in data processing and internet of $ 6.5 million , and a decrease in other general and administrative costs of $ 11.2 million . our staffing rose to 1099 employees compared to 1007 and 801 at june 30 , 2020 , 2019 and 2018 , respectively . total assets were $ 13.9 billion at june 30 , 2020 compared to $ 11.2 billion at june 30 , 2019 . assets grew $ 2.6 billion or 23.5 % during the last fiscal year , primarily due to loan originations , primarily from c & i and income property lending and total cash from increased deposits . the loan growth was funded primarily with growth in deposits . covid-19 impact . we are closely monitoring the rapid developments of and uncertainties caused by the covid-19 pandemic . in response to the changes in economic and business conditions as a result of the covid-19 pandemic , we have taken the following actions to support customers , employees , partners and shareholders : 47 actively communicating with borrowers and partners to assess individual needs ; participating as a lender in the ppp and evaluating various components of the cares act applicability to the company ; provided secure and efficient remote work options for our team members ; increasing provisions for loan and lease losses as a result of a weakening economy and reduced business activities ; tightening underwriting standards ; reallocated personnel to increase resources for customer service and portfolio management ; and limiting business travel . for our borrowers who are one or less payments past due on april 1 , 2020 , based on our application under the guidelines set forth in the cares act , we delayed payments for an agreed upon timeframe , depending on each individual borrower 's characteristics . as of june 30 , 2020 we granted forbearance on $ 95.8 million of loans , primarily single family residential secured loans . additionally , we provided deferrals for $ 28.2 million and $ 2.7 million of auto and unsecured consumer loans during the year . lastly , we provided one commercial and industrial loan a period of three months of interest only payments . no other deferrals of payment obligations have been provided . there have been no loan modifications as a result of the covid-19 pandemic as of june 30 , 2020. these covid-19 payment deferrals are not categorized as a tdr as the cares act allows the bank to suspend the tdr requirements for certain short-term loan modifications . the extent to which these measures will impact our bank is uncertain , and any progression of loans receiving covid-19 payment deferrals into non-performing assets , during future periods is uncertain and will depend on future developments that can not be predicted . our future performance will depend on many factors in addition to the covid-19 pandemic : changes in interest rates , competition for deposits and quality loans , the credit performance of our assets , regulatory actions , strategic transactions , and our ability to improve operating efficiencies . see “ item 1a . risk factors . ” mergers and acquisitions from time to time we undertake acquisitions or similar transactions consistent with our company 's operating and growth strategies . we completed no business acquisitions or asset acquisitions during the fiscal year ended june 30 , 2020 and two business acquisitions and two asset acquisitions during the fiscal year ended june 30 , 2019 . mwabank deposit acquisition . on march 15 , 2019 , the bank closed the deposit assumption agreement with mwabank and acquired approximately $ 173 million of deposits , including approximately $ 151 million of checking , savings and money market accounts and $ 22 million of time deposits , from mwabank . axos did not acquire any assets , employees or branches in this transaction . the bank received cash equal to the book value of the deposit liabilities . wisebanyan . on february 26 , 2019 the company 's subsidiary , axos securities , llc , had completed the acquisition of wisebanyan holding , inc. and its subsidiaries ( collectively “ wisebanyan ” ) . headquartered in las vegas , nevada , wisebanyan is a provider of personal financial and investment management services through a proprietary technology platform . when acquired , wisebanyan served approximately 24,000 clients with approximately $ 150 million of assets under management . the company paid $ 3.2 million in cash to acquire the assets of wisebanyan and recorded $ 2.7 million in intangible assets.the company purchased the whole wisebanyan business and has the entire voting interest . goodwill is not expected to be deducted for tax purposes . cor securities holdings . on january 28 , 2019 ( “ acquisition date ” ) , axos clearing , llc and axos clarity mergeco . story_separator_special_tag tangible book value per common share , a non-gaap financial measure , is calculated by dividing tangible book value by the common shares outstanding at the end of the period . we believe tangible book value per common share is useful in evaluating the company 's capital strength , financial condition , and ability to manage potential losses . below is a reconciliation of total stockholders ' equity , the nearest compatible gaap measure , to tangible book value ( non-gaap ) as of the dates indicated : replace_table_token_17_th 52 average balances , net interest income , yields earned and rates paid the following tables set forth , for the periods indicated , information regarding ( i ) average balances ; ( ii ) the total amount of interest income from interest-earning assets and the weighted average yields on such assets ; ( iii ) the total amount of interest expense on interest-bearing liabilities and the weighted average rates paid on such liabilities ; ( iv ) net interest income ; ( v ) interest rate spread ; and ( vi ) net interest margin : replace_table_token_18_th 1 average balances are obtained from daily data . 2 loans and leases include loans held for sale , loan and lease premiums , discounts and unearned fees . 3 interest income includes reductions for amortization of loan and lease and investment securities premiums and earnings from accretion of discounts and loan and lease fees . loan and lease fee income is not significant . also includes $ 28.0 million as of june 30 , 2020 , $ 28.7 million as of june 30 , 2019 and $ 29.3 million as of june 30 , 2018 of loans that qualify for community reinvestment act credit which are taxed at a reduced rate . 4 interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate paid on interest-bearing liabilities . 5 net interest margin represents net interest income as a percentage of average interest-earning assets . 53 results of operations our results of operations depend on our net interest income , which is the difference between interest income on interest-earning assets and interest expense on interest-bearing liabilities . our net interest income has increased as a result of the growth in our interest earning assets and is subject to competitive factors in online banking and other markets . our net interest income is reduced by our estimate of loss provisions for our loan and lease portfolio . we also earn non-interest income primarily from mortgage banking activities , banking products and service activity , our securities business , prepaid card fee income , prepayment fee income from multifamily borrowers who repay their loans before maturity and from gains on sales of other loans and investment securities . losses on investment securities reduce non-interest income . the largest component of non-interest expense is salary and benefits , which is a function of the number of personnel , which increased to 1099 full-time equivalent employees at june 30 , 2020 , from 1007 full time employees at june 30 , 2019 . we are subject to federal and state income taxes , and our effective tax rates were 30.15 % , 27.10 % and 36.42 % for the fiscal years ended june 30 , 2020 , 2019 , and 2018 , respectively . other factors that affect our results of operations include expenses relating to data processing , advertising , depreciation , occupancy , professional services , and other miscellaneous expenses . comparison of the fiscal years ended june 30 , 2020 and june 30 , 2019 net interest income . net interest income totaled $ 477.6 million for the fiscal year ended june 30 , 2020 compared to $ 408.6 million for the fiscal year ended june 30 , 2019 . the following table sets forth the effects of changing rates and volumes on our net interest income . information is provided with respect to ( i ) effects on interest income and interest expense attributable to changes in volume ( changes in volume multiplied by prior rate ) ; and ( ii ) effects on interest income and interest expense attributable to changes in rate ( changes in rate multiplied by prior volume ) . the change in interest due to both volume and rate has been allocated proportionally to both , based on their relative absolute values . replace_table_token_19_th interest income . interest income for the fiscal year ended june 30 , 2020 totaled $ 622.8 million , an increase of $ 58.0 million , or 10.3 % , compared to $ 564.9 million in interest income for the fiscal year ended june 30 , 2019 primarily due to growth in volume of interest-earning assets from loan originations , primarily from commercial & industrial lending and a full year of securities borrowed and margin lending from our new securities segment . average interest-earning assets for the fiscal year ended june 30 , 2020 increased by $ 1,560.8 million compared to the fiscal year ended june 30 , 2019 primarily due to loan and lease originations for investment which totaled $ 6,798.0 million during the year ended june 30 , 2020 . yields on loans and leases decreased by 11 basis points to 5.74 % for the fiscal year ended june 30 , 2020 , primarily due to declines in market interest rates . for the fiscal year ended june 30 , 2020 , the growth in average balances contributed additional interest income of $ 79.4 million , which was partially offset by a $ 21.4 million decrease in interest income due to declines in market interest rates . the average yield earned on our interest-earning assets decreased to 5.37 % for the fiscal year ended june 30 , 2020 , compared to 5.63 % in 2019 primarily due to the decrease in rate from loans and leases . as a result of the federal

liquidity and capital resources liquidity . for axos bank , our sources of liquidity include deposits , borrowings , payments and maturities of outstanding loans , sales of loans , maturities or gains on sales of investment securities and other short-term investments . while scheduled loan payments and maturing investment securities and short-term investments are relatively predictable sources of funds , deposit flows and loan prepayments are greatly influenced by general interest rates , economic conditions and competition . we generally invest excess funds in overnight deposits and other short-term interest-earning assets . we use cash generated through retail deposits , our largest funding source , to offset the cash utilized in lending and investing activities . our short-term interest-earning investment securities are also used to provide liquidity for lending and other operational requirements . as an additional source of funds , we have two credit agreements . axos bank can borrow up to 40 % of its total assets from the fhlb . borrowings are collateralized by pledging certain mortgage loans and investment securities to the fhlb . based on loans and securities pledged at june 30 , 2020 , we had a total borrowing availability of another $ 2.7 billion available immediately and an additional $ 1.9 billion available with additional collateral , for advances from the fhlb for terms up to ten years . the bank can also borrow from the discount window at the frbsf . frbsf borrowings are collateralized by commercial loans , consumer loans and mortgage-backed securities pledged to the frbsf . based on loans and securities pledged at june 30 , 2020 , we had a total borrowing capacity of approximately $ 1.8 billion , all of which was available for use .


 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 . for axos bank , our sources of liquidity include deposits , borrowings , payments and maturities of outstanding loans , sales of loans , maturities or gains on sales of investment securities and other short-term investments . while scheduled loan payments and maturing investment securities and short-term investments are relatively predictable sources of funds , deposit flows and loan prepayments are greatly influenced by general interest rates , economic conditions and competition . we generally invest excess funds in overnight deposits and other short-term interest-earning assets . we use cash generated through retail deposits , our largest funding source , to offset the cash utilized in lending and investing activities . our short-term interest-earning investment securities are also used to provide liquidity for lending and other operational requirements . as an additional source of funds , we have two credit agreements . axos bank can borrow up to 40 % of its total assets from the fhlb . borrowings are collateralized by pledging certain mortgage loans and investment securities to the fhlb . based on loans and securities pledged at june 30 , 2020 , we had a total borrowing availability of another $ 2.7 billion available immediately and an additional $ 1.9 billion available with additional collateral , for advances from the fhlb for terms up to ten years . the bank can also borrow from the discount window at the frbsf . frbsf borrowings are collateralized by commercial loans , consumer loans and mortgage-backed securities pledged to the frbsf . based on loans and securities pledged at june 30 , 2020 , we had a total borrowing capacity of approximately $ 1.8 billion , all of which was available for use .
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 Suspicious Activity Report : the increase from 2018 to 2019 was primarily the result of an increase of $ 11.7 million in broker-dealer fees and $ 6.1 million in banking and service fees due to increased fees from our trustee and fiduciary services , increased levels of prepayment penalty fee income of $ 2.0 million , partially offset by a mortgage banking income decrease of $ 8.5 million . non-interest expense for the fiscal year ended june 30 , 2020 was $ 275.8 million compared to $ 251.2 million and $ 173.9 million for the years ended june 30 , 2019 and 2018 , respectively . the increase was primarily due to an increase of $ 16.9 million in staffing for lending , information technology infrastructure development , clearing services , trustee and fiduciary services and regulatory compliance , an increase in depreciation and amortization of $ 8.0 million , an increase in data processing and internet of $ 6.5 million , and a decrease in other general and administrative costs of $ 11.2 million . our staffing rose to 1099 employees compared to 1007 and 801 at june 30 , 2020 , 2019 and 2018 , respectively . total assets were $ 13.9 billion at june 30 , 2020 compared to $ 11.2 billion at june 30 , 2019 . assets grew $ 2.6 billion or 23.5 % during the last fiscal year , primarily due to loan originations , primarily from c & i and income property lending and total cash from increased deposits . the loan growth was funded primarily with growth in deposits . covid-19 impact . we are closely monitoring the rapid developments of and uncertainties caused by the covid-19 pandemic . in response to the changes in economic and business conditions as a result of the covid-19 pandemic , we have taken the following actions to support customers , employees , partners and shareholders : 47 actively communicating with borrowers and partners to assess individual needs ; participating as a lender in the ppp and evaluating various components of the cares act applicability to the company ; provided secure and efficient remote work options for our team members ; increasing provisions for loan and lease losses as a result of a weakening economy and reduced business activities ; tightening underwriting standards ; reallocated personnel to increase resources for customer service and portfolio management ; and limiting business travel . for our borrowers who are one or less payments past due on april 1 , 2020 , based on our application under the guidelines set forth in the cares act , we delayed payments for an agreed upon timeframe , depending on each individual borrower 's characteristics . as of june 30 , 2020 we granted forbearance on $ 95.8 million of loans , primarily single family residential secured loans . additionally , we provided deferrals for $ 28.2 million and $ 2.7 million of auto and unsecured consumer loans during the year . lastly , we provided one commercial and industrial loan a period of three months of interest only payments . no other deferrals of payment obligations have been provided . there have been no loan modifications as a result of the covid-19 pandemic as of june 30 , 2020. these covid-19 payment deferrals are not categorized as a tdr as the cares act allows the bank to suspend the tdr requirements for certain short-term loan modifications . the extent to which these measures will impact our bank is uncertain , and any progression of loans receiving covid-19 payment deferrals into non-performing assets , during future periods is uncertain and will depend on future developments that can not be predicted . our future performance will depend on many factors in addition to the covid-19 pandemic : changes in interest rates , competition for deposits and quality loans , the credit performance of our assets , regulatory actions , strategic transactions , and our ability to improve operating efficiencies . see “ item 1a . risk factors . ” mergers and acquisitions from time to time we undertake acquisitions or similar transactions consistent with our company 's operating and growth strategies . we completed no business acquisitions or asset acquisitions during the fiscal year ended june 30 , 2020 and two business acquisitions and two asset acquisitions during the fiscal year ended june 30 , 2019 . mwabank deposit acquisition . on march 15 , 2019 , the bank closed the deposit assumption agreement with mwabank and acquired approximately $ 173 million of deposits , including approximately $ 151 million of checking , savings and money market accounts and $ 22 million of time deposits , from mwabank . axos did not acquire any assets , employees or branches in this transaction . the bank received cash equal to the book value of the deposit liabilities . wisebanyan . on february 26 , 2019 the company 's subsidiary , axos securities , llc , had completed the acquisition of wisebanyan holding , inc. and its subsidiaries ( collectively “ wisebanyan ” ) . headquartered in las vegas , nevada , wisebanyan is a provider of personal financial and investment management services through a proprietary technology platform . when acquired , wisebanyan served approximately 24,000 clients with approximately $ 150 million of assets under management . the company paid $ 3.2 million in cash to acquire the assets of wisebanyan and recorded $ 2.7 million in intangible assets.the company purchased the whole wisebanyan business and has the entire voting interest . goodwill is not expected to be deducted for tax purposes . cor securities holdings . on january 28 , 2019 ( “ acquisition date ” ) , axos clearing , llc and axos clarity mergeco . story_separator_special_tag tangible book value per common share , a non-gaap financial measure , is calculated by dividing tangible book value by the common shares outstanding at the end of the period . we believe tangible book value per common share is useful in evaluating the company 's capital strength , financial condition , and ability to manage potential losses . below is a reconciliation of total stockholders ' equity , the nearest compatible gaap measure , to tangible book value ( non-gaap ) as of the dates indicated : replace_table_token_17_th 52 average balances , net interest income , yields earned and rates paid the following tables set forth , for the periods indicated , information regarding ( i ) average balances ; ( ii ) the total amount of interest income from interest-earning assets and the weighted average yields on such assets ; ( iii ) the total amount of interest expense on interest-bearing liabilities and the weighted average rates paid on such liabilities ; ( iv ) net interest income ; ( v ) interest rate spread ; and ( vi ) net interest margin : replace_table_token_18_th 1 average balances are obtained from daily data . 2 loans and leases include loans held for sale , loan and lease premiums , discounts and unearned fees . 3 interest income includes reductions for amortization of loan and lease and investment securities premiums and earnings from accretion of discounts and loan and lease fees . loan and lease fee income is not significant . also includes $ 28.0 million as of june 30 , 2020 , $ 28.7 million as of june 30 , 2019 and $ 29.3 million as of june 30 , 2018 of loans that qualify for community reinvestment act credit which are taxed at a reduced rate . 4 interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate paid on interest-bearing liabilities . 5 net interest margin represents net interest income as a percentage of average interest-earning assets . 53 results of operations our results of operations depend on our net interest income , which is the difference between interest income on interest-earning assets and interest expense on interest-bearing liabilities . our net interest income has increased as a result of the growth in our interest earning assets and is subject to competitive factors in online banking and other markets . our net interest income is reduced by our estimate of loss provisions for our loan and lease portfolio . we also earn non-interest income primarily from mortgage banking activities , banking products and service activity , our securities business , prepaid card fee income , prepayment fee income from multifamily borrowers who repay their loans before maturity and from gains on sales of other loans and investment securities . losses on investment securities reduce non-interest income . the largest component of non-interest expense is salary and benefits , which is a function of the number of personnel , which increased to 1099 full-time equivalent employees at june 30 , 2020 , from 1007 full time employees at june 30 , 2019 . we are subject to federal and state income taxes , and our effective tax rates were 30.15 % , 27.10 % and 36.42 % for the fiscal years ended june 30 , 2020 , 2019 , and 2018 , respectively . other factors that affect our results of operations include expenses relating to data processing , advertising , depreciation , occupancy , professional services , and other miscellaneous expenses . comparison of the fiscal years ended june 30 , 2020 and june 30 , 2019 net interest income . net interest income totaled $ 477.6 million for the fiscal year ended june 30 , 2020 compared to $ 408.6 million for the fiscal year ended june 30 , 2019 . the following table sets forth the effects of changing rates and volumes on our net interest income . information is provided with respect to ( i ) effects on interest income and interest expense attributable to changes in volume ( changes in volume multiplied by prior rate ) ; and ( ii ) effects on interest income and interest expense attributable to changes in rate ( changes in rate multiplied by prior volume ) . the change in interest due to both volume and rate has been allocated proportionally to both , based on their relative absolute values . replace_table_token_19_th interest income . interest income for the fiscal year ended june 30 , 2020 totaled $ 622.8 million , an increase of $ 58.0 million , or 10.3 % , compared to $ 564.9 million in interest income for the fiscal year ended june 30 , 2019 primarily due to growth in volume of interest-earning assets from loan originations , primarily from commercial & industrial lending and a full year of securities borrowed and margin lending from our new securities segment . average interest-earning assets for the fiscal year ended june 30 , 2020 increased by $ 1,560.8 million compared to the fiscal year ended june 30 , 2019 primarily due to loan and lease originations for investment which totaled $ 6,798.0 million during the year ended june 30 , 2020 . yields on loans and leases decreased by 11 basis points to 5.74 % for the fiscal year ended june 30 , 2020 , primarily due to declines in market interest rates . for the fiscal year ended june 30 , 2020 , the growth in average balances contributed additional interest income of $ 79.4 million , which was partially offset by a $ 21.4 million decrease in interest income due to declines in market interest rates . the average yield earned on our interest-earning assets decreased to 5.37 % for the fiscal year ended june 30 , 2020 , compared to 5.63 % in 2019 primarily due to the decrease in rate from loans and leases . as a result of the federal

