generally , interest income is generated from our loans and investments ( interest earning assets ) and interest expense is incurred from deposits and borrowings ( interest bearing liabilities ) . typically , our results of operations are also affected by our provision for or loan loss provision recapture , non-interest income generated from service charges and fees on loan and deposit accounts , gains or losses on the sale of loans and reo , non-interest expenses , and income taxes . net interest income for the year ended december 31 , 2020 , net interest income increased by $ 1.7 million to $ 12.2 million , from $ 10.5 million for the same period in 2019. interest and fees on loans receivable increased by $ 1.2 million for the year ended december 31 , 2020 compared to the same period a year ago . the increase was primarily due to an increase of $ 43.7 million in the average balance of loans receivable , including loans held for sale , which increased interest income by $ 1.8 million , partially offset by a decrease of 16 basis points in loan yield , which decreased interest income by $ 623 thousand . the decrease in loan yield included the impact of a decrease in interest recoveries in 2020 compared to 2019 because $ 209 thousand of payoffs were received in 2020 on non-accrual loans . those payoffs decreased the loan yield in 2020 by 6 basis points . interest income on loans receivable was also negatively impacted by loan sales during the year , which totaled $ 104.3 million . interest income on securities decreased by $ 106 thousand for the year ended december 31 , 2020 compared to the prior year due to a decrease of $ 2.9 million in the average balance of securities , which decreased interest income by $ 72 thousand and a decrease of 26 basis points in the average yield on securities , which decreased interest income by $ 34 thousand . other interest income decreased by $ 268 thousand for the year ended december 31 , 2020 compared to the prior year . the decrease in other interest income primarily resulted from a decrease of 185 basis points in the average rate earned on interest-earnings deposits and other short-term investments , which decreased interest income by $ 551 thousand , offset by a net increase in the average balance of interest earning cash deposits in other banks of $ 29.9 million , which increased interest income by $ 315 thousand . in addition , interest income earned on fhlb stock decreased by $ 32 thousand , primarily due to a decrease of 200 basis points in the average rate earned during the year ended december 31 , 2020. interest expense on deposits decreased by $ 1.1 million for the year ended december 31 , 2020 compared to the prior year , primarily due to a decrease of 51 basis points in the average cost of deposits , offset by an increase of $ 34.5 million in the average balance of total deposits . the increase in deposits was primarily due to growth in now accounts , savings accounts and money market accounts due to large deposits from corporations and organizations that were seeking to support broadway 's mission and position as a minority depository institution . interest expense on borrowings increased by $ 202 thousand for the year ended december 31 , 2020 compared to the prior year , primarily due to a net increase of $ 317 thousand in interest expense on fhlb advances . the interest expense on fhlb advances increased due to an increase of $ 37.0 million in the average balance of fhlb advances , which increased interest expense by $ 740 thousand , partially offset by a decrease of 51 basis points in the average cost of fhlb advances , which decreased interest expense by $ 423 thousand . the increase in interest expense on fhlb advances was offset by a decrease of $ 115 thousand in interest expense on the company 's junior subordinated debentures . the interest expense on the junior subordinated debentures decreased because the average balance of such junior subordinated debentures decreased by $ 983 thousand , which decreased interest expense by $ 44 thousand , and the average interest rate paid on the junior subordinated debentures decreased by 167 basis points , which decreased interest expense by $ 71 thousand . net interest rate margin decreased by 2 basis points to 2.52 % for the year ended december 31 , 2020 from 2.54 % for the same period in 2019 , primarily due to the lower average rates earned on interest earning cash deposits in other banks . 26 analysis of net interest income net interest income is the difference between income on interest earning assets and the expense on interest bearing liabilities . net interest income depends upon the relative amounts of interest earning assets and interest bearing liabilities and the interest rates earned or paid on them . the following table sets forth average balances , average yields and costs , and certain other information for the years indicated . all average balances are daily average balances . the yields set forth below include the effect of deferred loan fees , deferred origination costs , and discounts and premiums that are amortized or accreted to interest income or expense . we do not accrue interest on loans that are on non-accrual status ; however , the balance of these loans is included in the total average balance , which has the effect of reducing average loan yields . story_separator_special_tag specific reserves for impaired loans were $ 141 thousand or 2.98 % of the aggregate impaired loan amount at december 31 , 2020 compared to $ 147 thousand , or 2.74 % of the aggregate impaired loan amount at december 31 , 2019. excluding specific reserves for impaired loans , our coverage ratio ( general allowance as a percentage of total non‑impaired loans ) was 0.85 % at december 31 , 2020 compared to 0.76 % at december 31 , 2019. the increase in the coverage ratio during 2020 was primarily due to an increase in unallocated reserves due to the covid-19 pandemic and a decrease in the loan portfolio balance . we believe that the alll is adequate to cover probable incurred losses in the loan portfolio as of december 31 , 2020 , but there can be no assurance that actual losses will not exceed the estimated amounts . in addition , the occ and the fdic periodically review the alll as an integral part of their examination process . these agencies may require an increase in the alll based on their judgments of the information available to them at the time of their examinations . total liabilities total liabilities increased by $ 43.0 million to $ 434.5 million at december 31 , 2020 from $ 391.5 million at december 31 , 2019. the increase in total liabilities was primarily comprised of increases of $ 26.5 million in fhlb advances and $ 17.9 million in deposits , offset by a decrease of $ 1.0 million in junior subordinated debentures . deposits deposits increased by $ 17.9 million to $ 315.6 million at december 31 , 2020 from $ 297.7 million at december 31 , 2019 , which consisted of an increase of $ 79.4 million in liquid deposits and a decrease of $ 61.5 million in cds . two customer relationships accounted for approximately 13 % of our deposits at december 31 , 2020. we expect to maintain this relationship with the customer for the foreseeable future . borrowings total borrowings at december 31 , 2020 consisted of advances to the bank from the fhlb of $ 110.5 million , and junior subordinated debentures issued by the company of $ 3.3 million , compared to advances from the fhlb of $ 84.0 million and junior subordinated debentures of $ 4.3 million at december 31 , 2019. during 2020 , the bank paid off $ 33.5 million in maturing fhlb advances , borrowed $ 60.0 million in new advances from the fhlb and repaid $ 1.0 million of its junior subordinated debentures . 31 the weighted average cost of fhlb advances decreased by 48 basis points to 1.94 % at december 31 , 2020 from 2.42 % at december 31 , 2019 primarily due to lower interest rates . stockholders ' equity stockholders ' equity was $ 48.9 million , or 10.11 % of the company 's total assets at december 31 , 2020 , compared to $ 48.8 million , or 11.09 % of the company 's total assets at december 31 , 2019. the company 's book value was $ 1.74 per share as of december 31 , 2020 , compared to $ 1.75 per share as of december 31 , 2019. story_separator_special_tag assets and liabilities are monetary in nature . as a result , interest rates have a greater impact on our performance than do the effects of general levels of inflation . interest rates do not necessarily move in the same direction or to the same extent as the price of goods and services . critical accounting policies critical accounting policies are those that involve significant judgments and assessments by management , and which could potentially result in materially different results under different assumptions and conditions . this discussion highlights those accounting policies that management considers critical . all accounting policies are important , however , and therefore you are encouraged to review each of the policies included in note 1 “ summary of significant accounting principles ” of the notes to consolidated financial statements beginning at page f‑6 to gain a better understanding of how our financial performance is measured and reported . management has identified the company 's critical accounting policies as follows : allowance for loan losses the determination of the allowance for loan losses is considered critical due to the high degree of judgment involved , the subjectivity of the underlying assumptions used , and the potential for changes in the economic environment that could result in material changes in the amount of the allowance for loan losses considered necessary . the allowance is evaluated on a regular basis by management and the board of directors and is based on a periodic review of the collectability of the loans in light of historical experience , the nature and size of the loan portfolio , adverse situations that may affect borrowers ' ability to repay , the estimated value of any underlying collateral , prevailing economic conditions and feedback from regulatory examinations . see item 1 , “ business – asset quality – allowance for loan losses ” for a full discussion of the allowance for loan losses . income taxes deferred tax assets and liabilities are determined using the liability ( or balance sheet ) method . under this method , the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws . a valuation allowance is established against deferred tax assets when , based upon the available evidence including historical and projected taxable income , it is more likely than not that some or all the deferred tax asset will not be realized . in assessing the realization of deferred tax assets , management evaluates both positive and negative evidence , including the existence of any cumulative losses

capital resources our principal subsidiary , broadway federal , must comply with capital standards established by the occ in the conduct of its business . failure to comply with such capital requirements may result in significant limitations on its business or other sanctions . as a “ small bank holding company ” , we are not subject to consolidated capital requirements under the new basel iii capital rules . the current regulatory capital requirements and possible consequences of failure to maintain compliance are described in part i , item 1 “ business‑regulation ” and in note 15 of the notes to consolidated financial statements . liquidity the objective of liquidity management is to ensure that we have the continuing ability to fund operations and meet our obligations on a timely and cost‑effective basis . the bank 's sources of funds include deposits , advances from the fhlb , other borrowings , proceeds from the sale of loans , reo , and investment securities , and payments of principal and interest on loans and investment securities . the bank is currently approved by the fhlb to borrow up to 40 % of total assets to the extent the bank provides qualifying collateral and holds sufficient fhlb stock . the approved limit and collateral requirement would have permitted the bank to borrow an additional $ 40.3 million at december 31 , 2020. the bank 's primary uses of funds include withdrawals of and interest payments on deposits , originations of loans , purchases of investment securities , and the payment of operating expenses . also , when the bank has more funds than required for reserve requirements or short‑term liquidity needs , the bank invests excess cash with the federal reserve bank or other financial institutions .


 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.
     ```capital resources our principal subsidiary , broadway federal , must comply with capital standards established by the occ in the conduct of its business . failure to comply with such capital requirements may result in significant limitations on its business or other sanctions . as a “ small bank holding company ” , we are not subject to consolidated capital requirements under the new basel iii capital rules . the current regulatory capital requirements and possible consequences of failure to maintain compliance are described in part i , item 1 “ business‑regulation ” and in note 15 of the notes to consolidated financial statements . liquidity the objective of liquidity management is to ensure that we have the continuing ability to fund operations and meet our obligations on a timely and cost‑effective basis . the bank 's sources of funds include deposits , advances from the fhlb , other borrowings , proceeds from the sale of loans , reo , and investment securities , and payments of principal and interest on loans and investment securities . the bank is currently approved by the fhlb to borrow up to 40 % of total assets to the extent the bank provides qualifying collateral and holds sufficient fhlb stock . the approved limit and collateral requirement would have permitted the bank to borrow an additional $ 40.3 million at december 31 , 2020. the bank 's primary uses of funds include withdrawals of and interest payments on deposits , originations of loans , purchases of investment securities , and the payment of operating expenses . also , when the bank has more funds than required for reserve requirements or short‑term liquidity needs , the bank invests excess cash with the federal reserve bank or other financial institutions .
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 Suspicious Activity Report : generally , interest income is generated from our loans and investments ( interest earning assets ) and interest expense is incurred from deposits and borrowings ( interest bearing liabilities ) . typically , our results of operations are also affected by our provision for or loan loss provision recapture , non-interest income generated from service charges and fees on loan and deposit accounts , gains or losses on the sale of loans and reo , non-interest expenses , and income taxes . net interest income for the year ended december 31 , 2020 , net interest income increased by $ 1.7 million to $ 12.2 million , from $ 10.5 million for the same period in 2019. interest and fees on loans receivable increased by $ 1.2 million for the year ended december 31 , 2020 compared to the same period a year ago . the increase was primarily due to an increase of $ 43.7 million in the average balance of loans receivable , including loans held for sale , which increased interest income by $ 1.8 million , partially offset by a decrease of 16 basis points in loan yield , which decreased interest income by $ 623 thousand . the decrease in loan yield included the impact of a decrease in interest recoveries in 2020 compared to 2019 because $ 209 thousand of payoffs were received in 2020 on non-accrual loans . those payoffs decreased the loan yield in 2020 by 6 basis points . interest income on loans receivable was also negatively impacted by loan sales during the year , which totaled $ 104.3 million . interest income on securities decreased by $ 106 thousand for the year ended december 31 , 2020 compared to the prior year due to a decrease of $ 2.9 million in the average balance of securities , which decreased interest income by $ 72 thousand and a decrease of 26 basis points in the average yield on securities , which decreased interest income by $ 34 thousand . other interest income decreased by $ 268 thousand for the year ended december 31 , 2020 compared to the prior year . the decrease in other interest income primarily resulted from a decrease of 185 basis points in the average rate earned on interest-earnings deposits and other short-term investments , which decreased interest income by $ 551 thousand , offset by a net increase in the average balance of interest earning cash deposits in other banks of $ 29.9 million , which increased interest income by $ 315 thousand . in addition , interest income earned on fhlb stock decreased by $ 32 thousand , primarily due to a decrease of 200 basis points in the average rate earned during the year ended december 31 , 2020. interest expense on deposits decreased by $ 1.1 million for the year ended december 31 , 2020 compared to the prior year , primarily due to a decrease of 51 basis points in the average cost of deposits , offset by an increase of $ 34.5 million in the average balance of total deposits . the increase in deposits was primarily due to growth in now accounts , savings accounts and money market accounts due to large deposits from corporations and organizations that were seeking to support broadway 's mission and position as a minority depository institution . interest expense on borrowings increased by $ 202 thousand for the year ended december 31 , 2020 compared to the prior year , primarily due to a net increase of $ 317 thousand in interest expense on fhlb advances . the interest expense on fhlb advances increased due to an increase of $ 37.0 million in the average balance of fhlb advances , which increased interest expense by $ 740 thousand , partially offset by a decrease of 51 basis points in the average cost of fhlb advances , which decreased interest expense by $ 423 thousand . the increase in interest expense on fhlb advances was offset by a decrease of $ 115 thousand in interest expense on the company 's junior subordinated debentures . the interest expense on the junior subordinated debentures decreased because the average balance of such junior subordinated debentures decreased by $ 983 thousand , which decreased interest expense by $ 44 thousand , and the average interest rate paid on the junior subordinated debentures decreased by 167 basis points , which decreased interest expense by $ 71 thousand . net interest rate margin decreased by 2 basis points to 2.52 % for the year ended december 31 , 2020 from 2.54 % for the same period in 2019 , primarily due to the lower average rates earned on interest earning cash deposits in other banks . 26 analysis of net interest income net interest income is the difference between income on interest earning assets and the expense on interest bearing liabilities . net interest income depends upon the relative amounts of interest earning assets and interest bearing liabilities and the interest rates earned or paid on them . the following table sets forth average balances , average yields and costs , and certain other information for the years indicated . all average balances are daily average balances . the yields set forth below include the effect of deferred loan fees , deferred origination costs , and discounts and premiums that are amortized or accreted to interest income or expense . we do not accrue interest on loans that are on non-accrual status ; however , the balance of these loans is included in the total average balance , which has the effect of reducing average loan yields . story_separator_special_tag specific reserves for impaired loans were $ 141 thousand or 2.98 % of the aggregate impaired loan amount at december 31 , 2020 compared to $ 147 thousand , or 2.74 % of the aggregate impaired loan amount at december 31 , 2019. excluding specific reserves for impaired loans , our coverage ratio ( general allowance as a percentage of total non‑impaired loans ) was 0.85 % at december 31 , 2020 compared to 0.76 % at december 31 , 2019. the increase in the coverage ratio during 2020 was primarily due to an increase in unallocated reserves due to the covid-19 pandemic and a decrease in the loan portfolio balance . we believe that the alll is adequate to cover probable incurred losses in the loan portfolio as of december 31 , 2020 , but there can be no assurance that actual losses will not exceed the estimated amounts . in addition , the occ and the fdic periodically review the alll as an integral part of their examination process . these agencies may require an increase in the alll based on their judgments of the information available to them at the time of their examinations . total liabilities total liabilities increased by $ 43.0 million to $ 434.5 million at december 31 , 2020 from $ 391.5 million at december 31 , 2019. the increase in total liabilities was primarily comprised of increases of $ 26.5 million in fhlb advances and $ 17.9 million in deposits , offset by a decrease of $ 1.0 million in junior subordinated debentures . deposits deposits increased by $ 17.9 million to $ 315.6 million at december 31 , 2020 from $ 297.7 million at december 31 , 2019 , which consisted of an increase of $ 79.4 million in liquid deposits and a decrease of $ 61.5 million in cds . two customer relationships accounted for approximately 13 % of our deposits at december 31 , 2020. we expect to maintain this relationship with the customer for the foreseeable future . borrowings total borrowings at december 31 , 2020 consisted of advances to the bank from the fhlb of $ 110.5 million , and junior subordinated debentures issued by the company of $ 3.3 million , compared to advances from the fhlb of $ 84.0 million and junior subordinated debentures of $ 4.3 million at december 31 , 2019. during 2020 , the bank paid off $ 33.5 million in maturing fhlb advances , borrowed $ 60.0 million in new advances from the fhlb and repaid $ 1.0 million of its junior subordinated debentures . 31 the weighted average cost of fhlb advances decreased by 48 basis points to 1.94 % at december 31 , 2020 from 2.42 % at december 31 , 2019 primarily due to lower interest rates . stockholders ' equity stockholders ' equity was $ 48.9 million , or 10.11 % of the company 's total assets at december 31 , 2020 , compared to $ 48.8 million , or 11.09 % of the company 's total assets at december 31 , 2019. the company 's book value was $ 1.74 per share as of december 31 , 2020 , compared to $ 1.75 per share as of december 31 , 2019. story_separator_special_tag assets and liabilities are monetary in nature . as a result , interest rates have a greater impact on our performance than do the effects of general levels of inflation . interest rates do not necessarily move in the same direction or to the same extent as the price of goods and services . critical accounting policies critical accounting policies are those that involve significant judgments and assessments by management , and which could potentially result in materially different results under different assumptions and conditions . this discussion highlights those accounting policies that management considers critical . all accounting policies are important , however , and therefore you are encouraged to review each of the policies included in note 1 “ summary of significant accounting principles ” of the notes to consolidated financial statements beginning at page f‑6 to gain a better understanding of how our financial performance is measured and reported . management has identified the company 's critical accounting policies as follows : allowance for loan losses the determination of the allowance for loan losses is considered critical due to the high degree of judgment involved , the subjectivity of the underlying assumptions used , and the potential for changes in the economic environment that could result in material changes in the amount of the allowance for loan losses considered necessary . the allowance is evaluated on a regular basis by management and the board of directors and is based on a periodic review of the collectability of the loans in light of historical experience , the nature and size of the loan portfolio , adverse situations that may affect borrowers ' ability to repay , the estimated value of any underlying collateral , prevailing economic conditions and feedback from regulatory examinations . see item 1 , “ business – asset quality – allowance for loan losses ” for a full discussion of the allowance for loan losses . income taxes deferred tax assets and liabilities are determined using the liability ( or balance sheet ) method . under this method , the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws . a valuation allowance is established against deferred tax assets when , based upon the available evidence including historical and projected taxable income , it is more likely than not that some or all the deferred tax asset will not be realized . in assessing the realization of deferred tax assets , management evaluates both positive and negative evidence , including the existence of any cumulative losses

