50 our current business strategy consists of the following : continue to expand our multifamily and nonresidential loans . the additional capital raised in the stock offering increased our capacity to originate multifamily and nonresidential loans . under our current board approved loan concentration policy , such loans , including construction and land loans , shall not exceed 400 % of our total risk-based capital . most multifamily and nonresidential loans are originated with adjustable rates and , as a result , these loans are expected to change loan yields due to their shorter repricing terms compared to longer-term fixed-rate loans . community lending programs . the bank is an authorized direct lender under the small business administration ( “ sba ” ) and a community development financial institution ( “ cdfi ” ) . both of these programs , combined with our pre-existing products , bolster the bank 's commitment to continue to serve the communities that it has supported over the past sixty years . continue to increase core deposits , with an emphasis on low cost commercial demand deposits , and add non-core funding sources . deposits are the major source of balance sheet funding for lending and other investments . certificates of deposits , brokered deposits , and listing service deposits supplement the bank 's funding base . we have made significant investments in new products and services , marketing programs , personnel , branch distribution system as well as enhancing our electronic delivery solutions in an effort to become more competitive in the financial services marketplace and attract more core deposits . core deposits are our least costly source of funds and represent our best opportunity to develop customer relationships that enable us to cross-sell our enhanced products and services . manage credit risk to maintain a low level of nonperforming assets . we believe strong asset quality is a key to our long-term financial success . our strategy for credit risk management focuses on having an experienced team of credit professionals , well-defined policies and procedures , appropriate loan underwriting criteria and active credit monitoring . the majority of our non-performing assets have been related , largely , to one-to-four family residential loans and , to a lesser extent , construction and land loans . we continue to focus on our credit review function , adding both personnel and ancillary systems , in order to be able to evaluate more complex loans and better manage credit risk , to further support our intended loan growth . expand our employee base to support future growth . we have already made significant investments in our employee base . however , we will continue to work to attract and retain the necessary talent to support increased lending , deposit activities and enhanced information technology . grow organically and through opportunistic bank or acquisitions . we focus primarily on organic growth as a lower-risk means of deploying our capital . we will fund improvements in our operating facilities and customer delivery services in order to enhance our competitiveness . opportunistic acquisition and or partnership opportunities are explored if we believe they would enhance the value of our franchise and yield potential financial benefits for our stakeholders . although we believe opportunities exist to increase our market share in our current banking locations , we will not be adverse to expanding into nearby markets , enlarging our current branch network , or adding loan production offices , provided we believe such efforts would enhance our competitive standing . on july 10 , 2020 , the company completed its acquisition of 100 percent of the shares of common stock of mortgage world . non-gaap financial measures the following discussion contains certain non-gaap financial measures in addition to results presented in accordance with gaap . these non-gaap measures are intended to provide the reader with additional supplemental perspectives on operating results , performance trends , and financial condition . non-gaap financial measures are not a substitute for gaap measures ; they should be read and used in conjunction with the company 's gaap financial information . the company 's non-gaap measures may not be comparable to similar non-gaap information which may be presented by other companies . in all cases , it should be understood that non-gaap operating measures do not depict amounts that accrue directly to the benefit of shareholders . an item that management excludes when computing non-gaap adjusted earnings can be of substantial importance to the company 's results and condition for any particular year . a reconciliation of non-gaap financial measures to gaap measures is provided below . the sec has exempted from the definition of non-gaap financial measures certain commonly used financial measures that are not based on gaap . management believes that these non-gaap financial measures are useful in evaluating the company 's financial performance and facilitate comparisons with the performance of other financial institutions . however , the information should be considered supplemental in nature and not as a substitute for related financial information prepared in accordance with gaap . 51 the table below includes references to the company 's net income and earnings per share for the year s ended december 31 , 2020 and 2019 before gain on sale of real property and deduction of expenses related to termination of the company 's defined benefit pension plan ( “ defined benefit plan ” ) , respectively . in management 's view , that information , which is considered non-gaap information , may be useful to investors as it will improve comparability of core operations year over year and in future periods . the non-gaap net income amount and earnings per share reflect adjustments of the non-recurring gain on sale of real property and charges associated with termination of the de fined b enefit p lan , net of tax effect . a reconciliation of the non-gaap information to gaap net income and earnings per share is provided below . story_separator_special_tag total consolidated assets increased $ 301.4 million , or 28.6 % , to $ 1.4 billion at december 31 , 2020 from $ 1.1 billion at december 31 , 2019. the increase in total assets is attributable to increases in net loans receivable of $ 202.9 million , including $ 85.3 million in ppp loans , cash and cash equivalents of $ 44.4 million , mortgage loans held for sale , at fair value , of $ 34.4 million , other assets of $ 11.0 million , accrued interest receivable of $ 7.4 million , placements with banks of $ 2.7 million , held-to-maturity securities of $ 1.7 million , deferred taxes of $ 932,000 and fhlbny stock of $ 691,000. the increase in total assets was reduced by decreases in available-for-sale securities of $ 4.0 million and premises and equipment , net , of $ 701,000. mortgage world total assets . mortgage world 's total assets at december 31 , 2020 was $ 38.4 million , primarily consisting of mortgage loans held for sale , at fair value , of $ 34.4 million , other assets of $ 1.9 million , cash and cash equivalents of $ 1.8 million , premises and equipment , net , of $ 269,000 , and net loans receivable of $ 40,000. cash and cash equivalents . cash and cash equivalents increased $ 44.4 million , or 160.4 % , to $ 72.1 million at december 31 , 2020 , compared to $ 27.7 million at december 31 , 2019. the increase in cash and cash equivalents was primarily the result of increases of $ 247.5 million in net deposits , of which $ 43.5 million is related to net ppp funding , $ 20.8 million in advances of warehouse lines of credit related to mortgage world , $ 17.8 million in maturities and or calls of available-for-sale securities , $ 12.9 million in net advances from fhlbny and a $ 4.7 million in proceeds from the sale of real property . the increase in cash and cash equivalents was offset by increases of $ 209.4 million in net loans receivable , including $ 85.3 million in ppp loans , $ 23.8 million of mortgage loans held for sale , at fair value related to mortgage world , $ 13.6 million in purchases of available-for-sale securities , $ 4.7 million in purchases of shares held as treasury stock , $ 2.7 million in placement with banks , $ 1.9 million in purchases of premises and equipment , $ 1.7 million in held-to-maturity securities and $ 1.0 million , net of cash acquired , related to the acquisition of mortgage world . securities . the composition of securities at december 31 , 2020 and 2019 and the amounts maturing of each classification are summarized as follows : december 31 , 2020 december 31 , 2019 amortized fair amortized fair cost value cost value ( dollars in thousands ) available-for-sale securities : u.s. government and federal agency securities : amounts maturing : three months or less $ — $ — $ 2,000 $ 2,000 more than three months through one year — — 14,373 14,354 more than one year through five years — — — — more than five years through ten years — — — — — — 16,373 16,354 corporate bonds : amounts maturing : three months or less — — — — more than three months through one year — — — — more than one year through five years 2,651 2,728 — — more than five years through ten years 7,730 7,735 — — 10,381 10,463 — — mortgage-backed securities 6,970 7,035 5,162 5,150 total available-for-sale securities $ 17,351 $ 17,498 $ 21,535 $ 21,504 held-to-maturity securities : mortgage-backed securities $ 1,743 $ 1,722 $ — $ — total held-to-maturity securities $ 1,743 $ 1,722 $ — $ — 56 gross loans receivable . the composition of gross loans receivable at december 31 , 2020 and 2019 and the percentage of each classification to total loans are summarized as follows : replace_table_token_23_th * indicates more than 200 % . ( 1 ) as of december 31 , 2020 , business loans include $ 85.3 million of ppp loans . ( 2 ) as of december 31 , 2020 , consumer loans include $ 25.5 million of loans originated by the bank pursuant to its arrangement with grain . the increase in the composition of the loan portfolio was aided by $ 85.3 million related to ppp loans at december 31 , 2020 when compared to december 31 , 2019. based on current internal loan reviews , the company remains confident that the quality of our underwriting , our weighted average loan-to-value ratio of 56.1 % and our customer selection processes have served us well and provided us with a reliable base with which to maintain a well-protected loan portfolio . commercial real estate mortgage loans , as defined by applicable banking regulations , include multifamily residential , nonresidential properties , and construction and land mortgage loans . at december 31 , 2020 , approximately 7.9 % of the outstanding principal balance of the bank 's commercial real estate mortgage loans was secured by owner-occupied commercial real estate , compared to 8.0 % at december 31 , 2019. owner-occupied commercial real estate is similar in many ways to commercial and industrial lending in that these loans are generally made to businesses predominantly on the basis of the cash flows of the business rather than on cash flows and valuation of the real estate . through december 31 , 2020 , 412 loans aggregating $ 380.3 million had requested forbearance primarily consisting of the deferral of principal , interest , and escrow payments for a period of three months . of those 412 loans , 339 loans aggregating $ 306.4 million are no longer in deferment and continue performing and 73 loans in the amount of $ 73.8 million remained in deferment . of

liquidity and capital resources liquidity describes the ability to meet the financial obligations that arise in the ordinary course of business . liquidity is primarily needed to meet the borrowing and deposit withdrawal requirements of the company 's customers and to fund current and planned expenditures . the primary sources of funds are deposits , principal and interest payments on loans and available-for-sale securities and proceeds from the sale of loans . the bank also has access to borrow from the fhlbny . at december 31 , 2020 and 2019 , we had $ 117.3 million and $ 104.4 million , respectively , of term and overnight outstanding advances from the fhlbny , and also had a guarantee from the fhlbny through letters of credit of up to $ 61.5 million and $ 3.5 million , respectively . at december 31 , 2020 and 2019 , there was eligible collateral of approximately $ 336.8 million and 301.8 million , respectively , in mortgage loans available to secure advances from the fhlbny . the bank also has an unsecured line of credit of $ 25.0 million with a correspondent bank , of which there was none outstanding at december 31 , 2020 and 2019. the bank did not have any outstanding securities sold under repurchase agreements with brokers as of december 31 , 2020 and 2019. mortgage world maintains two warehouse lines of credit with financial institutions for the purpose of funding the origination and sale of residential mortgage loans , with a maximum credit line of $ 34.9 million , of which $ 30.0 million was utilized , with $ 4.9 million remaining unused , as of december 31 , 2020. although maturities and scheduled amortization of loans and available-for-sale securities are predictable sources of funds , deposit flows and loan prepayments are greatly influenced by general interest rates , economic conditions , and competition .


 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 describes the ability to meet the financial obligations that arise in the ordinary course of business . liquidity is primarily needed to meet the borrowing and deposit withdrawal requirements of the company 's customers and to fund current and planned expenditures . the primary sources of funds are deposits , principal and interest payments on loans and available-for-sale securities and proceeds from the sale of loans . the bank also has access to borrow from the fhlbny . at december 31 , 2020 and 2019 , we had $ 117.3 million and $ 104.4 million , respectively , of term and overnight outstanding advances from the fhlbny , and also had a guarantee from the fhlbny through letters of credit of up to $ 61.5 million and $ 3.5 million , respectively . at december 31 , 2020 and 2019 , there was eligible collateral of approximately $ 336.8 million and 301.8 million , respectively , in mortgage loans available to secure advances from the fhlbny . the bank also has an unsecured line of credit of $ 25.0 million with a correspondent bank , of which there was none outstanding at december 31 , 2020 and 2019. the bank did not have any outstanding securities sold under repurchase agreements with brokers as of december 31 , 2020 and 2019. mortgage world maintains two warehouse lines of credit with financial institutions for the purpose of funding the origination and sale of residential mortgage loans , with a maximum credit line of $ 34.9 million , of which $ 30.0 million was utilized , with $ 4.9 million remaining unused , as of december 31 , 2020. although maturities and scheduled amortization of loans and available-for-sale securities are predictable sources of funds , deposit flows and loan prepayments are greatly influenced by general interest rates , economic conditions , and competition .
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 Suspicious Activity Report : 50 our current business strategy consists of the following : continue to expand our multifamily and nonresidential loans . the additional capital raised in the stock offering increased our capacity to originate multifamily and nonresidential loans . under our current board approved loan concentration policy , such loans , including construction and land loans , shall not exceed 400 % of our total risk-based capital . most multifamily and nonresidential loans are originated with adjustable rates and , as a result , these loans are expected to change loan yields due to their shorter repricing terms compared to longer-term fixed-rate loans . community lending programs . the bank is an authorized direct lender under the small business administration ( “ sba ” ) and a community development financial institution ( “ cdfi ” ) . both of these programs , combined with our pre-existing products , bolster the bank 's commitment to continue to serve the communities that it has supported over the past sixty years . continue to increase core deposits , with an emphasis on low cost commercial demand deposits , and add non-core funding sources . deposits are the major source of balance sheet funding for lending and other investments . certificates of deposits , brokered deposits , and listing service deposits supplement the bank 's funding base . we have made significant investments in new products and services , marketing programs , personnel , branch distribution system as well as enhancing our electronic delivery solutions in an effort to become more competitive in the financial services marketplace and attract more core deposits . core deposits are our least costly source of funds and represent our best opportunity to develop customer relationships that enable us to cross-sell our enhanced products and services . manage credit risk to maintain a low level of nonperforming assets . we believe strong asset quality is a key to our long-term financial success . our strategy for credit risk management focuses on having an experienced team of credit professionals , well-defined policies and procedures , appropriate loan underwriting criteria and active credit monitoring . the majority of our non-performing assets have been related , largely , to one-to-four family residential loans and , to a lesser extent , construction and land loans . we continue to focus on our credit review function , adding both personnel and ancillary systems , in order to be able to evaluate more complex loans and better manage credit risk , to further support our intended loan growth . expand our employee base to support future growth . we have already made significant investments in our employee base . however , we will continue to work to attract and retain the necessary talent to support increased lending , deposit activities and enhanced information technology . grow organically and through opportunistic bank or acquisitions . we focus primarily on organic growth as a lower-risk means of deploying our capital . we will fund improvements in our operating facilities and customer delivery services in order to enhance our competitiveness . opportunistic acquisition and or partnership opportunities are explored if we believe they would enhance the value of our franchise and yield potential financial benefits for our stakeholders . although we believe opportunities exist to increase our market share in our current banking locations , we will not be adverse to expanding into nearby markets , enlarging our current branch network , or adding loan production offices , provided we believe such efforts would enhance our competitive standing . on july 10 , 2020 , the company completed its acquisition of 100 percent of the shares of common stock of mortgage world . non-gaap financial measures the following discussion contains certain non-gaap financial measures in addition to results presented in accordance with gaap . these non-gaap measures are intended to provide the reader with additional supplemental perspectives on operating results , performance trends , and financial condition . non-gaap financial measures are not a substitute for gaap measures ; they should be read and used in conjunction with the company 's gaap financial information . the company 's non-gaap measures may not be comparable to similar non-gaap information which may be presented by other companies . in all cases , it should be understood that non-gaap operating measures do not depict amounts that accrue directly to the benefit of shareholders . an item that management excludes when computing non-gaap adjusted earnings can be of substantial importance to the company 's results and condition for any particular year . a reconciliation of non-gaap financial measures to gaap measures is provided below . the sec has exempted from the definition of non-gaap financial measures certain commonly used financial measures that are not based on gaap . management believes that these non-gaap financial measures are useful in evaluating the company 's financial performance and facilitate comparisons with the performance of other financial institutions . however , the information should be considered supplemental in nature and not as a substitute for related financial information prepared in accordance with gaap . 51 the table below includes references to the company 's net income and earnings per share for the year s ended december 31 , 2020 and 2019 before gain on sale of real property and deduction of expenses related to termination of the company 's defined benefit pension plan ( “ defined benefit plan ” ) , respectively . in management 's view , that information , which is considered non-gaap information , may be useful to investors as it will improve comparability of core operations year over year and in future periods . the non-gaap net income amount and earnings per share reflect adjustments of the non-recurring gain on sale of real property and charges associated with termination of the de fined b enefit p lan , net of tax effect . a reconciliation of the non-gaap information to gaap net income and earnings per share is provided below . story_separator_special_tag total consolidated assets increased $ 301.4 million , or 28.6 % , to $ 1.4 billion at december 31 , 2020 from $ 1.1 billion at december 31 , 2019. the increase in total assets is attributable to increases in net loans receivable of $ 202.9 million , including $ 85.3 million in ppp loans , cash and cash equivalents of $ 44.4 million , mortgage loans held for sale , at fair value , of $ 34.4 million , other assets of $ 11.0 million , accrued interest receivable of $ 7.4 million , placements with banks of $ 2.7 million , held-to-maturity securities of $ 1.7 million , deferred taxes of $ 932,000 and fhlbny stock of $ 691,000. the increase in total assets was reduced by decreases in available-for-sale securities of $ 4.0 million and premises and equipment , net , of $ 701,000. mortgage world total assets . mortgage world 's total assets at december 31 , 2020 was $ 38.4 million , primarily consisting of mortgage loans held for sale , at fair value , of $ 34.4 million , other assets of $ 1.9 million , cash and cash equivalents of $ 1.8 million , premises and equipment , net , of $ 269,000 , and net loans receivable of $ 40,000. cash and cash equivalents . cash and cash equivalents increased $ 44.4 million , or 160.4 % , to $ 72.1 million at december 31 , 2020 , compared to $ 27.7 million at december 31 , 2019. the increase in cash and cash equivalents was primarily the result of increases of $ 247.5 million in net deposits , of which $ 43.5 million is related to net ppp funding , $ 20.8 million in advances of warehouse lines of credit related to mortgage world , $ 17.8 million in maturities and or calls of available-for-sale securities , $ 12.9 million in net advances from fhlbny and a $ 4.7 million in proceeds from the sale of real property . the increase in cash and cash equivalents was offset by increases of $ 209.4 million in net loans receivable , including $ 85.3 million in ppp loans , $ 23.8 million of mortgage loans held for sale , at fair value related to mortgage world , $ 13.6 million in purchases of available-for-sale securities , $ 4.7 million in purchases of shares held as treasury stock , $ 2.7 million in placement with banks , $ 1.9 million in purchases of premises and equipment , $ 1.7 million in held-to-maturity securities and $ 1.0 million , net of cash acquired , related to the acquisition of mortgage world . securities . the composition of securities at december 31 , 2020 and 2019 and the amounts maturing of each classification are summarized as follows : december 31 , 2020 december 31 , 2019 amortized fair amortized fair cost value cost value ( dollars in thousands ) available-for-sale securities : u.s. government and federal agency securities : amounts maturing : three months or less $ — $ — $ 2,000 $ 2,000 more than three months through one year — — 14,373 14,354 more than one year through five years — — — — more than five years through ten years — — — — — — 16,373 16,354 corporate bonds : amounts maturing : three months or less — — — — more than three months through one year — — — — more than one year through five years 2,651 2,728 — — more than five years through ten years 7,730 7,735 — — 10,381 10,463 — — mortgage-backed securities 6,970 7,035 5,162 5,150 total available-for-sale securities $ 17,351 $ 17,498 $ 21,535 $ 21,504 held-to-maturity securities : mortgage-backed securities $ 1,743 $ 1,722 $ — $ — total held-to-maturity securities $ 1,743 $ 1,722 $ — $ — 56 gross loans receivable . the composition of gross loans receivable at december 31 , 2020 and 2019 and the percentage of each classification to total loans are summarized as follows : replace_table_token_23_th * indicates more than 200 % . ( 1 ) as of december 31 , 2020 , business loans include $ 85.3 million of ppp loans . ( 2 ) as of december 31 , 2020 , consumer loans include $ 25.5 million of loans originated by the bank pursuant to its arrangement with grain . the increase in the composition of the loan portfolio was aided by $ 85.3 million related to ppp loans at december 31 , 2020 when compared to december 31 , 2019. based on current internal loan reviews , the company remains confident that the quality of our underwriting , our weighted average loan-to-value ratio of 56.1 % and our customer selection processes have served us well and provided us with a reliable base with which to maintain a well-protected loan portfolio . commercial real estate mortgage loans , as defined by applicable banking regulations , include multifamily residential , nonresidential properties , and construction and land mortgage loans . at december 31 , 2020 , approximately 7.9 % of the outstanding principal balance of the bank 's commercial real estate mortgage loans was secured by owner-occupied commercial real estate , compared to 8.0 % at december 31 , 2019. owner-occupied commercial real estate is similar in many ways to commercial and industrial lending in that these loans are generally made to businesses predominantly on the basis of the cash flows of the business rather than on cash flows and valuation of the real estate . through december 31 , 2020 , 412 loans aggregating $ 380.3 million had requested forbearance primarily consisting of the deferral of principal , interest , and escrow payments for a period of three months . of those 412 loans , 339 loans aggregating $ 306.4 million are no longer in deferment and continue performing and 73 loans in the amount of $ 73.8 million remained in deferment . of

