results of operations are also significantly affected by general economic and competitive conditions , changes in interest rates , as well as government policies and actions of regulatory authorities . additionally , future changes in applicable law , regulations or government policies may materially affect greene county bancorp , inc. critical accounting policies greene county bancorp , inc. 's critical accounting policies relate to the allowance for loan losses and the evaluation of securities for other-than-temporary impairment . the allowance for loan losses is based on management 's estimation of an amount that is intended to absorb losses in the existing portfolio . the allowance for loan losses is established through a provision for loan losses based on management 's evaluation of the risk inherent in the loan portfolio , the composition of the portfolio , specific impaired loans and current economic conditions . such evaluation , which includes a review of all loans for which full collectability may not be reasonably assured , considers among other matters , the estimated net realizable value or the fair value of the underlying collateral , economic conditions , historical loan loss experience , management 's estimate of probable credit losses and other factors that warrant recognition in providing for the allowance of loan losses . however , this evaluation involves a high degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about highly uncertain matters . this critical accounting policy and its application are periodically reviewed with the audit committee and the board of directors . securities are evaluated for other-than-temporary impairment by performing periodic reviews of individual securities in the investment portfolio . greene county bancorp , inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security , on which there is an unrealized loss , is impaired on an other-than-temporary basis . the company considers many factors , including the severity and duration of the impairment ; the intent and ability of the company to hold the equity security for a period of time sufficient for a recovery in value ; recent events specific to the issuer or industry ; and for debt securities , the intent to sell the security , the likelihood to be required to sell the security before it recovers the entire amortized cost , external credit ratings and recent downgrades . the company is required to record other-than-temporary impairment charges through earnings , if it has the intent to sell , or will more likely than not be required to sell an impaired debt security before a recovery of its amortized cost basis . in addition , the company is required to record other-than-temporary impairment charges through earnings for the amount of credit losses , regardless of the intent or requirement to sell . credit loss is measured as the difference between the present value of an impaired debt security 's cash flows and its amortized cost basis . non-credit related write-downs to fair value must be recorded as decreases to accumulated other comprehensive income as long as the company has no intent or requirement to sell an impaired security before a recovery of amortized cost basis . 25 index management of credit risk management considers credit risk to be an important risk factor affecting the financial condition and operating results of greene county bancorp , inc. the potential for loss associated with this risk factor is managed through a combination of policies approved by greene county bancorp , inc. 's board of directors , the monitoring of compliance with these policies , and the periodic reporting and evaluation of loans with problem characteristics . policies relate to the maximum amount that can be granted to a single borrower and such borrower 's related interests , the aggregate amount of loans outstanding by type in relation to total assets and capital , loan concentrations , loan-to-collateral value ratios , approval limits and other underwriting criteria . policies also exist with respect to the rating of loans , determination of when loans should be placed on a nonperforming status and the factors to be considered in establishing greene county bancorp , inc. 's allowance for loan losses . management also considers credit risk when evaluating potential and current holdings of securities . credit risk is a critical component in evaluating corporate debt securities . greene county bancorp , inc. has purchased municipal securities as part of its strategy based on the fact that such securities can offer a higher tax-equivalent yield than other similar investments . financial overview net income for the year ended june 30 , 2019 amounted to $ 17.5 million , or $ 2.05 per basic and diluted share , as compared to $ 14.4 million , or $ 1.69 per basic and diluted share , for the year ended june 30 , 2018 , an increase of $ 3.1 million , or 21.5 % . the increase in net income was primarily the result of increases of $ 5.1 million in net interest income , $ 880,000 in noninterest income , and $ 553,000 decrease in provision for income taxes which was partially offset by an increase of $ 3.3 million in noninterest expense . the change in net interest income resulted from growth in interest-earning assets when comparing the years ended june 30 , 2019 and 2018. growth in interest-earning assets was within both investment securities and loans . growth in loans was primarily in commercial real estate mortgages and commercial loans which are generally higher yielding assets . story_separator_special_tag multi-family 180 3.1 162 2.1 43 1.4 22 0.7 40 0.9 commercial real estate 7,110 41.3 5,979 39.6 5,589 40.7 4,541 36.3 3,699 31.6 commercial construction 872 4.5 950 5.5 687 4.5 502 3.8 233 2.0 home equity 314 2.9 317 3.1 234 3.3 309 3.9 314 4.7 consumer installment 250 0.7 224 0.7 231 0.8 228 0.8 223 0.9 commercial loans 2,361 13.0 2,128 11.8 1,680 9.5 1,412 9.2 1,129 8.8 unallocated - - 34 - 180 - - - - - totals $ 13,200 100.0 % $ 12,024 100.0 % $ 11,022 100.0 % $ 9,485 100.0 % $ 8,142 100.0 % 32 index premises and equipment premises and equipment amounted to $ 13.3 million at june 30 , 2019 and 2018 , respectively . purchases totaled $ 589,000 during the year ended june 30 , 2019 , consisting primarily of building improvements and equipment for a new branch located in woodstock , new york . purchases totaled $ 324,000 during the year ended june 30 , 2018 , consisting primarily of building improvements and equipment for new branches located in copake and woodstock , ny . depreciation for the year ended june 30 , 2019 totaled $ 638,000 , compared to $ 635,000 for the year ended june 30 , 2018. there were no disposals of premises and equipment during the fiscal years ended june 30 , 2019 and 2018. prepaid expenses and other assets other assets , consisting primarily of accrued interest receivable , foreclosed real estate and prepaid expenses , totaled $ 9.1 million at june 30 , 2019 , compared to $ 7.7 million at june 30 , 2018 , an increase of $ 1.4 million . this increase was due to an increase of $ 713,000 in deferred taxes , accrued interest receivable of $ 796,000 , and prepaid expenses of $ 43,000. the increase in accrued interest receivable was the result of the growth in interest-earning assets during the year ended june 30 , 2019. real estate acquired as a result of foreclosure , or in-substance foreclosure , is classified as foreclosed real estate ( “ fre ” ) until such time as it is sold . when real estate is classified as fre , it is recorded at its fair value , less estimated costs of disposal establishing a new cost basis . upon transfer to fre , if the value of the property is less than the loan , less any related specific loan loss provisions , the difference is charged against the allowance for loan losses . any subsequent write-down of fre is charged against earnings . fre totaled $ 53,000 at june 30 , 2019 , and consisted of one residential real estate property . deposits total deposits increased to $ 1.1 billion at june 30 , 2019 from $ 1.0 billion at june 30 , 2018 , an increase of $ 95.3 million , or 9.3 % . this increase was partially the result of a $ 37.5 million increase in municipal deposits at greene county commercial bank , primarily from continued growth in new account relationships as well as tax collection . now deposits increased $ 125.6 million , or 24.1 % , and noninterest-bearing deposits increased $ 4.8 million , or 4.7 % when comparing june 30 , 2019 and 2018. these increases were partially offset by a decrease in money market deposits of $ 18.8 million , or 14.1 % , certificates of deposit of $ 14.8 million , or 28.8 % , and savings deposits of $ 1.4 million , or 1.0 % , when comparing june 30 , 2019 and 2018. included within certificates of deposits were $ 15.0 million of brokered certificate of deposits at june 30 , 2018. at june 30 , 2019 , there were no brokered certificates of deposits . replace_table_token_11_th the amount of certificates of deposit by time remaining to maturity as of june 30 , 2019 is set forth in part ii , item 8 financial statements and supplemental data , note 6 , deposits of this report . borrowings total borrowings from the federal home loan bank of new york ( “ fhlb ” ) increased $ 3.4 million to $ 21.6 million at june 30 , 2019 compared to $ 18.2 million at june 30 , 2018. the company had $ 8.0 million of overnight advances at june 30 , 2019. the company had no overnight advances at june 30 , 2018. long-term borrowings decreased $ 4.6 million to $ 13.6 million at june 30 , 2019 from $ 18.2 million at june 30 , 2018. the company 's borrowing agreements are discussed further within part ii , item 8 financial statements and supplemental data , note 7 borrowings of this report . 33 index the table below details additional information related to short-term and long-term borrowings for the years ended june 30 , replace_table_token_12_th other liabilities other liabilities , consisting primarily of accrued liabilities , totaled $ 14.9 million at june 30 , 2019 , compared to $ 11.9 million at june 30 , 2018 , an increase of $ 3.0 million . this increase was due primarily to increased accrued expenses for various employee benefit plans , including short-term and long-term incentive plans , and supplemental executive retirement plan . for further information regarding these changes , see part ii , item 8 financial statements and supplemental data , note 10 employee benefits plans and note 11 stock based compensation of this report . shareholders ' equity shareholders ' equity increased $ 16.2 million to $ 112.4 million at june 30 , 2019 from $ 96.2 million at june 30 , 2018 , as net income of $ 17.5 million was partially offset by dividends declared and paid of $ 2.0 million . other changes in equity consisted of a decrease in other comprehensive loss of $ 617,000. replace_table_token_13_th replace_table_token_14_th 1 the dividend payout ratio has been calculated based on the dividends

liquidity resources . greene county bancorp , inc. 's primary sources of funds are deposits and proceeds from principal and interest payments on loans and securities , as well as lines of credit and term borrowing facilities available through the federal home loan bank as needed . while maturities and scheduled amortization of loans and securities are predictable sources of funds , deposit outflows , mortgage prepayments , and borrowings are greatly influenced by general interest rates , economic conditions and competition . greene county bancorp , inc. 's most liquid assets are cash and cash equivalent accounts . the levels of these assets are dependent on greene county bancorp , inc. 's operating , financing , lending and investing activities during any given period . at june 30 , 2019 , cash and cash equivalents totaled $ 29.5 million , or 2.3 % of total assets . greene county bancorp , inc. 's primary investing activities are the origination of residential and commercial real estate mortgage loans , other consumer and commercial loans , and the purchase of securities . loan originations exceeded repayments by $ 83.5 million and $ 82.6 million and purchases of securities totaled $ 191.3 million and $ 183.3 million for the years ended june 30 , 2019 and 2018 , respectively . these activities were funded primarily through deposit growth , and principal payments on loans and securities . loan sales did not provide an additional source of liquidity during the years ended june 30 , 2019 and 2018 , as greene county bancorp , inc. originated loans for retention in its portfolio . greene county bancorp , inc. experienced a net increase in total deposits of $ 95.3 million and $ 165.7 million for the years ended june 30 , 2019 and 2018 , respectively . the level of interest rates and products offered by local competitors are some factors affecting deposit flows . the company continues to benefit from consolidation of other depository institutions within its market area and has successfully launched several marketing campaigns aimed at different segments of the market . greene county bancorp , inc. monitors its liquidity position on a daily basis .


 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 resources . greene county bancorp , inc. 's primary sources of funds are deposits and proceeds from principal and interest payments on loans and securities , as well as lines of credit and term borrowing facilities available through the federal home loan bank as needed . while maturities and scheduled amortization of loans and securities are predictable sources of funds , deposit outflows , mortgage prepayments , and borrowings are greatly influenced by general interest rates , economic conditions and competition . greene county bancorp , inc. 's most liquid assets are cash and cash equivalent accounts . the levels of these assets are dependent on greene county bancorp , inc. 's operating , financing , lending and investing activities during any given period . at june 30 , 2019 , cash and cash equivalents totaled $ 29.5 million , or 2.3 % of total assets . greene county bancorp , inc. 's primary investing activities are the origination of residential and commercial real estate mortgage loans , other consumer and commercial loans , and the purchase of securities . loan originations exceeded repayments by $ 83.5 million and $ 82.6 million and purchases of securities totaled $ 191.3 million and $ 183.3 million for the years ended june 30 , 2019 and 2018 , respectively . these activities were funded primarily through deposit growth , and principal payments on loans and securities . loan sales did not provide an additional source of liquidity during the years ended june 30 , 2019 and 2018 , as greene county bancorp , inc. originated loans for retention in its portfolio . greene county bancorp , inc. experienced a net increase in total deposits of $ 95.3 million and $ 165.7 million for the years ended june 30 , 2019 and 2018 , respectively . the level of interest rates and products offered by local competitors are some factors affecting deposit flows . the company continues to benefit from consolidation of other depository institutions within its market area and has successfully launched several marketing campaigns aimed at different segments of the market . greene county bancorp , inc. monitors its liquidity position on a daily basis .
```    
 Suspicious Activity Report : results of operations are also significantly affected by general economic and competitive conditions , changes in interest rates , as well as government policies and actions of regulatory authorities . additionally , future changes in applicable law , regulations or government policies may materially affect greene county bancorp , inc. critical accounting policies greene county bancorp , inc. 's critical accounting policies relate to the allowance for loan losses and the evaluation of securities for other-than-temporary impairment . the allowance for loan losses is based on management 's estimation of an amount that is intended to absorb losses in the existing portfolio . the allowance for loan losses is established through a provision for loan losses based on management 's evaluation of the risk inherent in the loan portfolio , the composition of the portfolio , specific impaired loans and current economic conditions . such evaluation , which includes a review of all loans for which full collectability may not be reasonably assured , considers among other matters , the estimated net realizable value or the fair value of the underlying collateral , economic conditions , historical loan loss experience , management 's estimate of probable credit losses and other factors that warrant recognition in providing for the allowance of loan losses . however , this evaluation involves a high degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about highly uncertain matters . this critical accounting policy and its application are periodically reviewed with the audit committee and the board of directors . securities are evaluated for other-than-temporary impairment by performing periodic reviews of individual securities in the investment portfolio . greene county bancorp , inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security , on which there is an unrealized loss , is impaired on an other-than-temporary basis . the company considers many factors , including the severity and duration of the impairment ; the intent and ability of the company to hold the equity security for a period of time sufficient for a recovery in value ; recent events specific to the issuer or industry ; and for debt securities , the intent to sell the security , the likelihood to be required to sell the security before it recovers the entire amortized cost , external credit ratings and recent downgrades . the company is required to record other-than-temporary impairment charges through earnings , if it has the intent to sell , or will more likely than not be required to sell an impaired debt security before a recovery of its amortized cost basis . in addition , the company is required to record other-than-temporary impairment charges through earnings for the amount of credit losses , regardless of the intent or requirement to sell . credit loss is measured as the difference between the present value of an impaired debt security 's cash flows and its amortized cost basis . non-credit related write-downs to fair value must be recorded as decreases to accumulated other comprehensive income as long as the company has no intent or requirement to sell an impaired security before a recovery of amortized cost basis . 25 index management of credit risk management considers credit risk to be an important risk factor affecting the financial condition and operating results of greene county bancorp , inc. the potential for loss associated with this risk factor is managed through a combination of policies approved by greene county bancorp , inc. 's board of directors , the monitoring of compliance with these policies , and the periodic reporting and evaluation of loans with problem characteristics . policies relate to the maximum amount that can be granted to a single borrower and such borrower 's related interests , the aggregate amount of loans outstanding by type in relation to total assets and capital , loan concentrations , loan-to-collateral value ratios , approval limits and other underwriting criteria . policies also exist with respect to the rating of loans , determination of when loans should be placed on a nonperforming status and the factors to be considered in establishing greene county bancorp , inc. 's allowance for loan losses . management also considers credit risk when evaluating potential and current holdings of securities . credit risk is a critical component in evaluating corporate debt securities . greene county bancorp , inc. has purchased municipal securities as part of its strategy based on the fact that such securities can offer a higher tax-equivalent yield than other similar investments . financial overview net income for the year ended june 30 , 2019 amounted to $ 17.5 million , or $ 2.05 per basic and diluted share , as compared to $ 14.4 million , or $ 1.69 per basic and diluted share , for the year ended june 30 , 2018 , an increase of $ 3.1 million , or 21.5 % . the increase in net income was primarily the result of increases of $ 5.1 million in net interest income , $ 880,000 in noninterest income , and $ 553,000 decrease in provision for income taxes which was partially offset by an increase of $ 3.3 million in noninterest expense . the change in net interest income resulted from growth in interest-earning assets when comparing the years ended june 30 , 2019 and 2018. growth in interest-earning assets was within both investment securities and loans . growth in loans was primarily in commercial real estate mortgages and commercial loans which are generally higher yielding assets . story_separator_special_tag multi-family 180 3.1 162 2.1 43 1.4 22 0.7 40 0.9 commercial real estate 7,110 41.3 5,979 39.6 5,589 40.7 4,541 36.3 3,699 31.6 commercial construction 872 4.5 950 5.5 687 4.5 502 3.8 233 2.0 home equity 314 2.9 317 3.1 234 3.3 309 3.9 314 4.7 consumer installment 250 0.7 224 0.7 231 0.8 228 0.8 223 0.9 commercial loans 2,361 13.0 2,128 11.8 1,680 9.5 1,412 9.2 1,129 8.8 unallocated - - 34 - 180 - - - - - totals $ 13,200 100.0 % $ 12,024 100.0 % $ 11,022 100.0 % $ 9,485 100.0 % $ 8,142 100.0 % 32 index premises and equipment premises and equipment amounted to $ 13.3 million at june 30 , 2019 and 2018 , respectively . purchases totaled $ 589,000 during the year ended june 30 , 2019 , consisting primarily of building improvements and equipment for a new branch located in woodstock , new york . purchases totaled $ 324,000 during the year ended june 30 , 2018 , consisting primarily of building improvements and equipment for new branches located in copake and woodstock , ny . depreciation for the year ended june 30 , 2019 totaled $ 638,000 , compared to $ 635,000 for the year ended june 30 , 2018. there were no disposals of premises and equipment during the fiscal years ended june 30 , 2019 and 2018. prepaid expenses and other assets other assets , consisting primarily of accrued interest receivable , foreclosed real estate and prepaid expenses , totaled $ 9.1 million at june 30 , 2019 , compared to $ 7.7 million at june 30 , 2018 , an increase of $ 1.4 million . this increase was due to an increase of $ 713,000 in deferred taxes , accrued interest receivable of $ 796,000 , and prepaid expenses of $ 43,000. the increase in accrued interest receivable was the result of the growth in interest-earning assets during the year ended june 30 , 2019. real estate acquired as a result of foreclosure , or in-substance foreclosure , is classified as foreclosed real estate ( “ fre ” ) until such time as it is sold . when real estate is classified as fre , it is recorded at its fair value , less estimated costs of disposal establishing a new cost basis . upon transfer to fre , if the value of the property is less than the loan , less any related specific loan loss provisions , the difference is charged against the allowance for loan losses . any subsequent write-down of fre is charged against earnings . fre totaled $ 53,000 at june 30 , 2019 , and consisted of one residential real estate property . deposits total deposits increased to $ 1.1 billion at june 30 , 2019 from $ 1.0 billion at june 30 , 2018 , an increase of $ 95.3 million , or 9.3 % . this increase was partially the result of a $ 37.5 million increase in municipal deposits at greene county commercial bank , primarily from continued growth in new account relationships as well as tax collection . now deposits increased $ 125.6 million , or 24.1 % , and noninterest-bearing deposits increased $ 4.8 million , or 4.7 % when comparing june 30 , 2019 and 2018. these increases were partially offset by a decrease in money market deposits of $ 18.8 million , or 14.1 % , certificates of deposit of $ 14.8 million , or 28.8 % , and savings deposits of $ 1.4 million , or 1.0 % , when comparing june 30 , 2019 and 2018. included within certificates of deposits were $ 15.0 million of brokered certificate of deposits at june 30 , 2018. at june 30 , 2019 , there were no brokered certificates of deposits . replace_table_token_11_th the amount of certificates of deposit by time remaining to maturity as of june 30 , 2019 is set forth in part ii , item 8 financial statements and supplemental data , note 6 , deposits of this report . borrowings total borrowings from the federal home loan bank of new york ( “ fhlb ” ) increased $ 3.4 million to $ 21.6 million at june 30 , 2019 compared to $ 18.2 million at june 30 , 2018. the company had $ 8.0 million of overnight advances at june 30 , 2019. the company had no overnight advances at june 30 , 2018. long-term borrowings decreased $ 4.6 million to $ 13.6 million at june 30 , 2019 from $ 18.2 million at june 30 , 2018. the company 's borrowing agreements are discussed further within part ii , item 8 financial statements and supplemental data , note 7 borrowings of this report . 33 index the table below details additional information related to short-term and long-term borrowings for the years ended june 30 , replace_table_token_12_th other liabilities other liabilities , consisting primarily of accrued liabilities , totaled $ 14.9 million at june 30 , 2019 , compared to $ 11.9 million at june 30 , 2018 , an increase of $ 3.0 million . this increase was due primarily to increased accrued expenses for various employee benefit plans , including short-term and long-term incentive plans , and supplemental executive retirement plan . for further information regarding these changes , see part ii , item 8 financial statements and supplemental data , note 10 employee benefits plans and note 11 stock based compensation of this report . shareholders ' equity shareholders ' equity increased $ 16.2 million to $ 112.4 million at june 30 , 2019 from $ 96.2 million at june 30 , 2018 , as net income of $ 17.5 million was partially offset by dividends declared and paid of $ 2.0 million . other changes in equity consisted of a decrease in other comprehensive loss of $ 617,000. replace_table_token_13_th replace_table_token_14_th 1 the dividend payout ratio has been calculated based on the dividends

