the amount of the total otti related to other factors is recognized in other comprehensive income , net of applicable income taxes . the previous amortized cost basis less the otti recognized in earnings becomes the new amortized cost basis of the investment . for held to maturity debt securities , the amount of an otti recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security . loans the corporation 's loan portfolio is carried at the principal amount outstanding , net of unearned income and principal charge-offs . certain loan fees and direct costs are being deferred and amortized as an adjustment of yield on the loans . interest income is accrued on the principal balances of loans . the accrual of interest is discontinued on a loan when , in management 's opinion , the borrower may be unable to meet payments as they become due . when the interest accrual is discontinued , all unpaid accrued interest is reversed against earnings when considered uncollectible . interest income accrued in the prior year , if any , is charged to the allowance for loan losses . interest income is subsequently recognized only to the extent cash payments are received and the loan is returned to accruing status . certain non-accrual , substantially delinquent and renegotiated loans classified as troubled debt restructures may be considered to be impaired in accordance with asc 310 , receivables . under asc 310-10 , a loan is impaired when , based on current information or events , it is probable all amounts due ( principal and interest ) according to the contractual terms of the loan agreement are uncollectible . renegotiated consumer loans classified as troubled debt restructures are considered to be impaired . in applying the provisions of asc 310-10 , the corporation considers all other investments in one-to-four family residential loans and consumer installment loans to be homogeneous and therefore excluded from separate identification for evaluation of impairment . impaired loans are carried at the fair value of collateral if the loan is collateral dependent , or the present value of estimated future cash flows using the loan 's existing rate . a portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance . if these allocations cause the allowance for loan losses to increase , such increase is reported as a component of the provision for loan losses . loan losses are charged against the allowance when management believes the uncollectability of the loan is confirmed . the valuation would be considered level 3 , consisting of appraisals of underlying collateral and discounted cash flow analysis . 37 part ii : item 7. and item 7a . management 's discussion and analysis of financial condition and results of operations the cares act and the interagency statement on loan modifications encourage financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of covid-19 . additionally , section 4013 of the cares act further provides that a qualified loan modification is exempt by law from classification as a troubled debt restructure as defined by gaap , from the period beginning march 1 , 2020 until the earlier of december 31 , 2020 or the date that is 60 days after the date on which the national emergency concerning the covid-19 outbreak under the national emergencies act ( 50 u.s.c . 1601 et seq . ) terminates . the 2021 consolidated appropriations act extended the expiration date for covid-related loan modifications exempt from troubled debt restructuring classification under gaap until the earlier of january 1 , 2022 , or 60 days after the termination of the national emergency . additional details of the corporation 's loan modifications under these programs are included in the `` loan quality `` section of this management 's discussion and analysis of financial condition and results of operations . purchased loans loans acquired in a business combination with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be purchased credit impaired . evidence of credit quality deterioration as of purchase dates may include information such as past-due and nonaccrual status , borrower credit risk grade and recent loan to value percentages . purchased credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality ( asc 310-30 ) . these loans are initially measured at fair value based upon expected cash flows without anticipation of prepayments and includes estimated future credit losses expected to be incurred over the life of the loans . as a result , related discounts are recognized subsequently through accretion based on the expected cash flows of the acquired loans . for purposes of applying asc 310-30 , loans acquired in business combinations are individually evaluated for the initial fair value measurement . accordingly , allowances for credit losses related to these loans are not carried over at the acquisition date . the difference between contractually required payments and the cash flows expected to be collected at acquisition is referred to as the nonaccretable portion of the fair value discount or premium . the accretable portion of the fair value discount or premium is the difference between the expected cash flows and the net present value of expected cash flows , with such difference accreted into income over the term of the loans . acquired loans not accounted for under asc 310-30 are accounted for under asc 310-20 , which allows the fair value adjustment to be accreted into income over the remaining life of the loans . story_separator_special_tag for small businesses , eligible nonprofits and certain others , the cares act established a paycheck protection program ( “ ppp ” ) , which is administered by the small business administration ( “ sba ” ) . on april 24 , 2020 , the paycheck protection program and health care enhancement act was enacted . among other things , this legislation amends the initial cares act program by raising the appropriation level for ppp loans from $ 349 billion to $ 670 billion . the ppp was further modified on june 5 , 2020 with the adoption of the paycheck protection program flexibility act ( the flexibility act ) , which extended the maturity date for ppp loans from two years to five years for loans disbursed on or after the date of enactment of the flexibility act . for ppp loans disbursed prior to such enactment , the flexibility act permits the borrower and lender to mutually agree to extend the term of the loan to five years . the bank has actively participated in assisting its customers with applications for resources through the program . ppp loans earn interest at a fixed rate of 1 percent and primarily have a two-year term . the bank anticipates that the majority of these loans will ultimately be forgiven , in whole or in part , by the sba in accordance with the terms of the program . under the terms of the ppp , the loans are fully guaranteed by the sba . as of december 31 , 2020 , the bank had over 4,400 ppp loans representing $ 667.1 million , which is net of $ 12.5 million of deferred processing fee income and costs . the weighted-average deferred processing fee on ppp loans was approximately 3.09 percent and is recognized over the term of the loan . if a loan is forgiven by the sba or paid off by the borrower prior to maturity , any unamortized portion of the fee will be recognized immediately . during the year ended december 31 , 2020 , the corporation recognized interest income on ppp loans of $ 6.2 million and $ 16.2 million of ppp loan related deferred processing fee income as a yield adjustment . 40 part ii : item 7. and item 7a . management 's discussion and analysis of financial condition and results of operations the 2021 consolidated appropriations act on december 27 , 2020 , a $ 900 billion covid-19 relief package , as passed by the u.s. congress , was signed into law as part of the 2021 consolidated appropriations act ( “ caa ” ) that provides federal government funding through the end of its 2021 fiscal year . in addition to delivering direct stimulus payments to certain individuals , an increase in unemployment insurance benefits , an extension of the eviction moratorium , relief to the healthcare industry , and additional aid to various other businesses , the covid-19-related provisions of the caa provide for ( i ) an additional $ 284 billion in funding for the ppp , through march 31 , 2021 , ( ii ) an extension of the temporary delay for implementation of the cecl accounting standard , and ( iii ) further suspension of the troubled debt restructure assessment and reporting requirements for financial institutions under gaap . main street business lending program on april 9 , 2020 , the federal reserve announced its proposed main street emergency lending initiative as an additional measure to provide much-needed financial support to small and mid-sized businesses adversely impacted by the covid-19 pandemic . the main street programs are intended to provide credit flows to financial institutions so that they can provide loans to eligible small and mid-sized businesses . the funds available through the main street programs amount to $ 600 billion . under this initiative , which was modified and supplemented by the federal reserve on april 30 , 2020 , three loan facilities have been established for `` for profit `` entities : ( i ) the main street new loan facility ( the “ msnlf ) , ( ii ) the main street priority loan facility ( the “ msplf ” ) ; and ( iii ) the main street expanded loan facility ( the “ mself ” ) , each of which was authorized by the federal reserve under section 13 ( 3 ) of the federal reserve act . all three facilities use the same eligible lender and eligible borrower criteria , and have many of the same features , including the same maturity , interest rate , deferral of principal and interest for one year , and ability of the borrower to prepay without penalty . as required by the cares act , main street loans are full-recourse to the borrower and are not forgivable . the loan types differ in amounts and other terms , including in how they interact with the eligible borrower 's existing outstanding debt . the proposed minimum loan amounts under the msnlf and the msplf were initially set at $ 250,000 , but were lowered to $ 100,000 by the federal reserve effective october 30 , 2020. the minimum loan amount under the mself has been set at $ 10 million . the maximum loan amount under all three programs is dependent upon the borrower 's financial position . the bank was an approved lender for all three main street programs until the program 's termination on january 8 , 2021. paycheck protection program liquidity facility to provide liquidity to small business lenders and the broader credit markets , to help stabilize the financial system , and to provide economic relief to small businesses nationwide , the federal reserve authorized each of the federal reserve banks to participate in the paycheck protection program liquidity facility ( the “ pppl facility ” ) , pursuant to the federal reserve act . under the pppl facility , each of

liquidity liquidity management is the process by which the corporation ensures that adequate liquid funds are available for the holding company and its subsidiaries . these funds are necessary in order to meet financial commitments on a timely basis . these commitments include withdrawals by depositors , funding credit obligations to borrowers , paying dividends to stockholders , paying operating expenses , funding capital expenditures , and maintaining deposit reserve requirements . liquidity is monitored and closely managed by the asset/liability committee . the corporation 's liquidity is dependent upon the receipt of dividends from the bank , which is subject to certain regulatory limitations and access to other funding sources . liquidity of the bank is derived primarily from core deposit growth , principal payments received on loans , the sale and maturity of investment securities , net cash provided by operating activities , and access to other funding sources . the principal source of asset-funded liquidity is investment securities classified as available for sale , the market values of which totaled $ 1.9 billion at december 31 , 2020 , an increase of $ 129.1 million , or 7.2 percent , from december 31 , 2019. securities classified as held to maturity that are maturing within a short period of time can also be a source of liquidity .


 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 liquidity management is the process by which the corporation ensures that adequate liquid funds are available for the holding company and its subsidiaries . these funds are necessary in order to meet financial commitments on a timely basis . these commitments include withdrawals by depositors , funding credit obligations to borrowers , paying dividends to stockholders , paying operating expenses , funding capital expenditures , and maintaining deposit reserve requirements . liquidity is monitored and closely managed by the asset/liability committee . the corporation 's liquidity is dependent upon the receipt of dividends from the bank , which is subject to certain regulatory limitations and access to other funding sources . liquidity of the bank is derived primarily from core deposit growth , principal payments received on loans , the sale and maturity of investment securities , net cash provided by operating activities , and access to other funding sources . the principal source of asset-funded liquidity is investment securities classified as available for sale , the market values of which totaled $ 1.9 billion at december 31 , 2020 , an increase of $ 129.1 million , or 7.2 percent , from december 31 , 2019. securities classified as held to maturity that are maturing within a short period of time can also be a source of liquidity .
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 Suspicious Activity Report : the amount of the total otti related to other factors is recognized in other comprehensive income , net of applicable income taxes . the previous amortized cost basis less the otti recognized in earnings becomes the new amortized cost basis of the investment . for held to maturity debt securities , the amount of an otti recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security . loans the corporation 's loan portfolio is carried at the principal amount outstanding , net of unearned income and principal charge-offs . certain loan fees and direct costs are being deferred and amortized as an adjustment of yield on the loans . interest income is accrued on the principal balances of loans . the accrual of interest is discontinued on a loan when , in management 's opinion , the borrower may be unable to meet payments as they become due . when the interest accrual is discontinued , all unpaid accrued interest is reversed against earnings when considered uncollectible . interest income accrued in the prior year , if any , is charged to the allowance for loan losses . interest income is subsequently recognized only to the extent cash payments are received and the loan is returned to accruing status . certain non-accrual , substantially delinquent and renegotiated loans classified as troubled debt restructures may be considered to be impaired in accordance with asc 310 , receivables . under asc 310-10 , a loan is impaired when , based on current information or events , it is probable all amounts due ( principal and interest ) according to the contractual terms of the loan agreement are uncollectible . renegotiated consumer loans classified as troubled debt restructures are considered to be impaired . in applying the provisions of asc 310-10 , the corporation considers all other investments in one-to-four family residential loans and consumer installment loans to be homogeneous and therefore excluded from separate identification for evaluation of impairment . impaired loans are carried at the fair value of collateral if the loan is collateral dependent , or the present value of estimated future cash flows using the loan 's existing rate . a portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance . if these allocations cause the allowance for loan losses to increase , such increase is reported as a component of the provision for loan losses . loan losses are charged against the allowance when management believes the uncollectability of the loan is confirmed . the valuation would be considered level 3 , consisting of appraisals of underlying collateral and discounted cash flow analysis . 37 part ii : item 7. and item 7a . management 's discussion and analysis of financial condition and results of operations the cares act and the interagency statement on loan modifications encourage financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of covid-19 . additionally , section 4013 of the cares act further provides that a qualified loan modification is exempt by law from classification as a troubled debt restructure as defined by gaap , from the period beginning march 1 , 2020 until the earlier of december 31 , 2020 or the date that is 60 days after the date on which the national emergency concerning the covid-19 outbreak under the national emergencies act ( 50 u.s.c . 1601 et seq . ) terminates . the 2021 consolidated appropriations act extended the expiration date for covid-related loan modifications exempt from troubled debt restructuring classification under gaap until the earlier of january 1 , 2022 , or 60 days after the termination of the national emergency . additional details of the corporation 's loan modifications under these programs are included in the `` loan quality `` section of this management 's discussion and analysis of financial condition and results of operations . purchased loans loans acquired in a business combination with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be purchased credit impaired . evidence of credit quality deterioration as of purchase dates may include information such as past-due and nonaccrual status , borrower credit risk grade and recent loan to value percentages . purchased credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality ( asc 310-30 ) . these loans are initially measured at fair value based upon expected cash flows without anticipation of prepayments and includes estimated future credit losses expected to be incurred over the life of the loans . as a result , related discounts are recognized subsequently through accretion based on the expected cash flows of the acquired loans . for purposes of applying asc 310-30 , loans acquired in business combinations are individually evaluated for the initial fair value measurement . accordingly , allowances for credit losses related to these loans are not carried over at the acquisition date . the difference between contractually required payments and the cash flows expected to be collected at acquisition is referred to as the nonaccretable portion of the fair value discount or premium . the accretable portion of the fair value discount or premium is the difference between the expected cash flows and the net present value of expected cash flows , with such difference accreted into income over the term of the loans . acquired loans not accounted for under asc 310-30 are accounted for under asc 310-20 , which allows the fair value adjustment to be accreted into income over the remaining life of the loans . story_separator_special_tag for small businesses , eligible nonprofits and certain others , the cares act established a paycheck protection program ( “ ppp ” ) , which is administered by the small business administration ( “ sba ” ) . on april 24 , 2020 , the paycheck protection program and health care enhancement act was enacted . among other things , this legislation amends the initial cares act program by raising the appropriation level for ppp loans from $ 349 billion to $ 670 billion . the ppp was further modified on june 5 , 2020 with the adoption of the paycheck protection program flexibility act ( the flexibility act ) , which extended the maturity date for ppp loans from two years to five years for loans disbursed on or after the date of enactment of the flexibility act . for ppp loans disbursed prior to such enactment , the flexibility act permits the borrower and lender to mutually agree to extend the term of the loan to five years . the bank has actively participated in assisting its customers with applications for resources through the program . ppp loans earn interest at a fixed rate of 1 percent and primarily have a two-year term . the bank anticipates that the majority of these loans will ultimately be forgiven , in whole or in part , by the sba in accordance with the terms of the program . under the terms of the ppp , the loans are fully guaranteed by the sba . as of december 31 , 2020 , the bank had over 4,400 ppp loans representing $ 667.1 million , which is net of $ 12.5 million of deferred processing fee income and costs . the weighted-average deferred processing fee on ppp loans was approximately 3.09 percent and is recognized over the term of the loan . if a loan is forgiven by the sba or paid off by the borrower prior to maturity , any unamortized portion of the fee will be recognized immediately . during the year ended december 31 , 2020 , the corporation recognized interest income on ppp loans of $ 6.2 million and $ 16.2 million of ppp loan related deferred processing fee income as a yield adjustment . 40 part ii : item 7. and item 7a . management 's discussion and analysis of financial condition and results of operations the 2021 consolidated appropriations act on december 27 , 2020 , a $ 900 billion covid-19 relief package , as passed by the u.s. congress , was signed into law as part of the 2021 consolidated appropriations act ( “ caa ” ) that provides federal government funding through the end of its 2021 fiscal year . in addition to delivering direct stimulus payments to certain individuals , an increase in unemployment insurance benefits , an extension of the eviction moratorium , relief to the healthcare industry , and additional aid to various other businesses , the covid-19-related provisions of the caa provide for ( i ) an additional $ 284 billion in funding for the ppp , through march 31 , 2021 , ( ii ) an extension of the temporary delay for implementation of the cecl accounting standard , and ( iii ) further suspension of the troubled debt restructure assessment and reporting requirements for financial institutions under gaap . main street business lending program on april 9 , 2020 , the federal reserve announced its proposed main street emergency lending initiative as an additional measure to provide much-needed financial support to small and mid-sized businesses adversely impacted by the covid-19 pandemic . the main street programs are intended to provide credit flows to financial institutions so that they can provide loans to eligible small and mid-sized businesses . the funds available through the main street programs amount to $ 600 billion . under this initiative , which was modified and supplemented by the federal reserve on april 30 , 2020 , three loan facilities have been established for `` for profit `` entities : ( i ) the main street new loan facility ( the “ msnlf ) , ( ii ) the main street priority loan facility ( the “ msplf ” ) ; and ( iii ) the main street expanded loan facility ( the “ mself ” ) , each of which was authorized by the federal reserve under section 13 ( 3 ) of the federal reserve act . all three facilities use the same eligible lender and eligible borrower criteria , and have many of the same features , including the same maturity , interest rate , deferral of principal and interest for one year , and ability of the borrower to prepay without penalty . as required by the cares act , main street loans are full-recourse to the borrower and are not forgivable . the loan types differ in amounts and other terms , including in how they interact with the eligible borrower 's existing outstanding debt . the proposed minimum loan amounts under the msnlf and the msplf were initially set at $ 250,000 , but were lowered to $ 100,000 by the federal reserve effective october 30 , 2020. the minimum loan amount under the mself has been set at $ 10 million . the maximum loan amount under all three programs is dependent upon the borrower 's financial position . the bank was an approved lender for all three main street programs until the program 's termination on january 8 , 2021. paycheck protection program liquidity facility to provide liquidity to small business lenders and the broader credit markets , to help stabilize the financial system , and to provide economic relief to small businesses nationwide , the federal reserve authorized each of the federal reserve banks to participate in the paycheck protection program liquidity facility ( the “ pppl facility ” ) , pursuant to the federal reserve act . under the pppl facility , each of

