the decrease of $ 25.1 million , or 43.3 percent , in net income for the year ended december 31 , 2019 as compared with the year ended december 31 , 2018 , was primarily due to a $ 26.2 million increase in the provision for loan losses relating to a troubled loan relationship and impaired leases receivable . effective january 1 , 2020 , the company adopted accounting standards update ( “ asu ” ) 2016-13 , financial instruments – credit losses , which replaced the incurred loss methodology for estimating credit losses with a forward-looking current expected credit losses ( “ cecl ” ) methodology . the adoption resulted in a $ 17.4 million increase to the beginning balance of the allowance for credit losses , a $ 335,000 decrease to the beginning balance of the allowance for off-balance sheet-items and an after-tax charge of $ 12.2 million to the beginning balance of retained earnings . for the years ended december 31 , 2020 , 2019 and 2018 , our earnings per diluted share were $ 1.38 , $ 1.06 and $ 1.79 , respectively . 28 additional s ignificant financial highlights include : cash and due from banks increased $ 270.2 million to $ 391.8 million as of december 31 , 2020 from $ 121.7 million at december 31 , 2019 , primarily from higher volume of non-interest bearing deposits . the increase in deposits reflects depositors placing proceeds from ppp loans and proceeds from other government assistance programs with the bank , as well as an increase from our marketing efforts and depositors seeking safety for their funds . loans receivable increased by $ 270.0 million , or 5.9 percent , to $ 4.88 billion as of december 31 , 2020 , compared with $ 4.61 billion as of december 31 , 2019. the increase includes hanmi 's participation in the ppp where we originated $ 301.8 million of ppp loans in 2020. deposits were $ 5.28 billion at december 31 , 2020 compared with $ 4.70 billion at december 31 , 2019 as noninterest-bearing deposits increased $ 507.1 million and interest-bearing deposits increased by $ 68.9 million . cash dividends of $ 0.52 per share of common stock were declared for the year ended december 31 , 2020 compared with $ 0.96 per share of common stock for the years ended december 31 , 2019 and 2018. results of operations net interest income our primary source of revenue is net interest income , which is the difference between interest and fees derived from earning assets , and interest paid on liabilities obtained to fund those assets . our net interest income is affected by changes in the level and mix of interest-earning assets and interest-bearing liabilities , referred to as volume changes . net interest income is also affected by changes in the yields earned on assets and rates paid on liabilities , referred to as rate changes . interest rates charged on loans are affected principally by changes to market interest rates , the demand for such loans , the supply of money available for lending purposes , and other competitive factors . those factors are , in turn , affected by general economic conditions and other factors beyond our control , such as federal economic policies , the general supply of money in the economy , legislative tax policies , governmental budgetary matters , and the actions of the federal reserve . 29 the following table shows the average balances of assets , liabilities and stockholders ' equity ; the amount of interest income , on a tax equivalent basis and interest expense ; the average yield or rate for each category of interest-earning assets and interest-bearing liabilities ; and the net interest spread and the net interest margin for the periods indicated . all average balances are daily average balances . replace_table_token_3_th ( 1 ) loans receivable include loans held for sale and exclude the allowance for credit losses . nonaccrual loans receivable are included in the average loans receivable balance . ( 2 ) amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate . ( 3 ) represents interest expense on deposits as a percentage of all interest-bearing and noninterest-bearing deposits . ( 4 ) represents the average yield earned on interest-earning assets less the average rate paid on interest-bearing liabilities . ( 5 ) represents net interest income as a percentage of average interest-earning assets . 30 the table below shows changes in interest income and interest expense and the amounts attributable to variations in interest rates and volumes for the periods indicated . the variances attributable to simultaneous volume and rate changes have been allocated to the change due to volume and the change due to rate categories in proportion to the relationship of the absolute dollar amount attributable solely to the change in volume and to the change in rate . replace_table_token_4_th ( 1 ) loans receivable include loans held for sale and exclude the allowance for credit losses . nonaccrual loans receivable are included in the average loans receivable balance . ( 2 ) amounts calculated on a fully equivalent basis using the current statutory federal tax rate . 2020 compared to 2019 interest income , on a taxable equivalent basis , decreased $ 23.1 million , or 9.3 percent , to $ 223.9 million for the year ended december 31 , 2020 from $ 246.9 million for the year ended december 31 , 2019. interest expense decreased $ 27.9 million or 39.4 percent , to $ 43.0 million in 2020 from $ 70.9 million in 2019. net interest income , on a taxable equivalent basis , was $ 180.9 million and $ 176.0 million in 2020 and 2019 , respectively . story_separator_special_tag loans are placed on nonaccrual status when , in the opinion of management , the full timely collection of principal or interest is in doubt . generally , the accrual of interest is discontinued when principal or interest payments become more than 90 days past due , unless management believes the loan or lease is adequately collateralized and in the process of collection . however , in certain instances , we may place a particular loan or lease on nonaccrual status earlier , depending upon the individual circumstances surrounding the delinquency of the loan or lease . when a loan or lease is placed on nonaccrual status , previously accrued but unpaid interest is reversed against current income . subsequent collections of cash are applied as principal reductions when received , except when the ultimate collectability of principal is probable , in which case interest payments are credited to income . nonaccrual loans may be restored to accrual status when principal and interest become current and full repayment is expected , which generally occurs after sustained payment of six months . interest income is recognized on the accrual basis for impaired loans not meeting the criteria for nonaccrual . oreo consists of properties acquired by foreclosure or similar means or are vacant bank properties for which their usage for operations has ceased and management intends to offer for sale . except for nonperforming loans set forth below , management is not aware of any loans as of december 31 , 2020 for which known credit problems of the borrower would cause serious doubts as to the ability of such borrowers to comply with their present loan or lease repayment terms , or any known events that would result in the loan or lease being designated as nonperforming at some future date . management can not , however , predict the extent to which a deterioration in general economic conditions , real estate values , increases in general rates of interest , or changes in the financial condition or business of borrower may adversely affect a borrower 's ability to pay . as of december 31 , 2020 , the company had loans receivable modified under the cares act of $ 155.6 million . approximately 13.6 % , or $ 21.1 million , of modified loans and leases were under deferred payment arrangements , with the remainder making payments that were less than the contractually required amount . of the modified loans receivable portfolio , 20.1 % were special mention and 15.7 % were classified . in addition , 4.6 % were on nonaccrual status at december 31 , 2020. nonaccrual loans were $ 83.0 million , $ 63.8 million and $ 15.5 million as of december 31 , 2020 , 2019 and 2018 , respectively , representing an increase of $ 19.2 million , or 30.1 percent , in 2020 and an increase of $ 48.3 million , or 311.6 percent , in 2019. the increase in nonaccrual loans in 2020 was primarily due to the addition of $ 33.8 million for five hospitality loans and $ 12.4 million for two film tax credit loans , offset by a $ 25.3 million charge-off on a troubled relationship . at december 31 , 2020 , $ 33.0 million of nonaccrual loans and leases related to loans adversely affected by the covid-19 pandemic . as of december 31 , 2020 and 2019 , all loans and leases 90 days or more past due were classified as nonaccrual . all of the $ 83.0 million nonperforming loans as of december 31 , 2020 were considered nonperforming and resulted in aggregate individually evaluated allowances of $ 14.0 million . the allowance for collateral-dependent loans is calculated as the difference between the outstanding loan balance and the value of the collateral as determined by recent appraisals less estimated costs to sell . the allowance for collateral-dependent loans varies based on the collateral coverage of the loan at the time of designation as nonperforming . we continue to monitor the collateral coverage , based on recent appraisals , on these loans on a quarterly basis and adjust the allowance accordingly . as of december 31 , 2020 , oreo consisted of four properties with a combined carrying value of $ 2.4 million . as of december 31 , 2019 , there were two properties with a combined carrying value of $ 63,000 in oreo . individually evaluated loans prior to the adoption of asu 2016-13 , individually evaluated loans were measured based on the present value of expected future cash flows discounted at the loan 's effective interest rate or , as a practical expedient , at the loan 's observable market price or the fair value of the collateral if the loan was collateral dependent , less estimated costs to sell . if the estimated value of the individually evaluated loan was less than the recorded investment in the loan , we charged-off the deficiency against the allowance for credit losses or we established a specific allowance in the allowance for credit losses . additionally , we excluded from the quarterly migration analysis individually evaluated loans when determining the amount of the allowance for credit losses required for the period . individually evaluated loans were $ 91.0 million , $ 64.8 million and $ 25.1 million as of december 31 , 2020 , 2019 and 2018 , respectively , representing an increase of $ 26.2 million , or 40.4 percent , in 2020 , and an increase of $ 39.6 million , or 157.8 percent , in 2019. specific allowance allocations associated with individually evaluated loans decreased $ 11.8 million to $ 14.0 million as of december 31 , 2020 , compared with $ 25.8 million as of december 31 , 2019 . 36 for the year ended december 31 , 2020 , we restructured monthly payments for five loans , with a net carrying value of $ 4.5 million at the time of modification

capital resources and liquidity capital resources historically , our primary source of capital has been the retention of operating earnings . in order to ensure adequate levels of capital , management periodically assesses projected sources and uses of capital in conjunction with projected increases in assets and levels of risk . management considers , among other things , earnings generated from operations , and access to capital from financial markets through the issuance of additional securities , including common stock or notes , to meet our capital needs . 41 in response to the uncertainty surrounding the covid-19 pandemic , the board reduced the quarterly cash dividend paid on common stock for the third and fourth quarter of 2020 to $ 0.08 per share , from $ 0.12 per share paid in the second quarter of 2020 and $ 0.24 per share paid in the first quarter of 2020. the board believes these actions were the most prudent course of action as it continues to monitor the results of operations and financial condition of the company and expects to continue to re-evaluate quarterly the level of any subsequent regular quarterly dividend . we can not assure you that future dividends will not be reduced or eliminated based on such re-evaluation . the company 's ability to pay dividends to shareholders depends in part upon dividends it receives from the bank . california law restricts the amount available for cash dividends to the lesser of a bank 's retained earnings or net income for its last three fiscal years ( less any distributions to shareholders made during such period ) .


 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 and liquidity capital resources historically , our primary source of capital has been the retention of operating earnings . in order to ensure adequate levels of capital , management periodically assesses projected sources and uses of capital in conjunction with projected increases in assets and levels of risk . management considers , among other things , earnings generated from operations , and access to capital from financial markets through the issuance of additional securities , including common stock or notes , to meet our capital needs . 41 in response to the uncertainty surrounding the covid-19 pandemic , the board reduced the quarterly cash dividend paid on common stock for the third and fourth quarter of 2020 to $ 0.08 per share , from $ 0.12 per share paid in the second quarter of 2020 and $ 0.24 per share paid in the first quarter of 2020. the board believes these actions were the most prudent course of action as it continues to monitor the results of operations and financial condition of the company and expects to continue to re-evaluate quarterly the level of any subsequent regular quarterly dividend . we can not assure you that future dividends will not be reduced or eliminated based on such re-evaluation . the company 's ability to pay dividends to shareholders depends in part upon dividends it receives from the bank . california law restricts the amount available for cash dividends to the lesser of a bank 's retained earnings or net income for its last three fiscal years ( less any distributions to shareholders made during such period ) .
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 Suspicious Activity Report : the decrease of $ 25.1 million , or 43.3 percent , in net income for the year ended december 31 , 2019 as compared with the year ended december 31 , 2018 , was primarily due to a $ 26.2 million increase in the provision for loan losses relating to a troubled loan relationship and impaired leases receivable . effective january 1 , 2020 , the company adopted accounting standards update ( “ asu ” ) 2016-13 , financial instruments – credit losses , which replaced the incurred loss methodology for estimating credit losses with a forward-looking current expected credit losses ( “ cecl ” ) methodology . the adoption resulted in a $ 17.4 million increase to the beginning balance of the allowance for credit losses , a $ 335,000 decrease to the beginning balance of the allowance for off-balance sheet-items and an after-tax charge of $ 12.2 million to the beginning balance of retained earnings . for the years ended december 31 , 2020 , 2019 and 2018 , our earnings per diluted share were $ 1.38 , $ 1.06 and $ 1.79 , respectively . 28 additional s ignificant financial highlights include : cash and due from banks increased $ 270.2 million to $ 391.8 million as of december 31 , 2020 from $ 121.7 million at december 31 , 2019 , primarily from higher volume of non-interest bearing deposits . the increase in deposits reflects depositors placing proceeds from ppp loans and proceeds from other government assistance programs with the bank , as well as an increase from our marketing efforts and depositors seeking safety for their funds . loans receivable increased by $ 270.0 million , or 5.9 percent , to $ 4.88 billion as of december 31 , 2020 , compared with $ 4.61 billion as of december 31 , 2019. the increase includes hanmi 's participation in the ppp where we originated $ 301.8 million of ppp loans in 2020. deposits were $ 5.28 billion at december 31 , 2020 compared with $ 4.70 billion at december 31 , 2019 as noninterest-bearing deposits increased $ 507.1 million and interest-bearing deposits increased by $ 68.9 million . cash dividends of $ 0.52 per share of common stock were declared for the year ended december 31 , 2020 compared with $ 0.96 per share of common stock for the years ended december 31 , 2019 and 2018. results of operations net interest income our primary source of revenue is net interest income , which is the difference between interest and fees derived from earning assets , and interest paid on liabilities obtained to fund those assets . our net interest income is affected by changes in the level and mix of interest-earning assets and interest-bearing liabilities , referred to as volume changes . net interest income is also affected by changes in the yields earned on assets and rates paid on liabilities , referred to as rate changes . interest rates charged on loans are affected principally by changes to market interest rates , the demand for such loans , the supply of money available for lending purposes , and other competitive factors . those factors are , in turn , affected by general economic conditions and other factors beyond our control , such as federal economic policies , the general supply of money in the economy , legislative tax policies , governmental budgetary matters , and the actions of the federal reserve . 29 the following table shows the average balances of assets , liabilities and stockholders ' equity ; the amount of interest income , on a tax equivalent basis and interest expense ; the average yield or rate for each category of interest-earning assets and interest-bearing liabilities ; and the net interest spread and the net interest margin for the periods indicated . all average balances are daily average balances . replace_table_token_3_th ( 1 ) loans receivable include loans held for sale and exclude the allowance for credit losses . nonaccrual loans receivable are included in the average loans receivable balance . ( 2 ) amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate . ( 3 ) represents interest expense on deposits as a percentage of all interest-bearing and noninterest-bearing deposits . ( 4 ) represents the average yield earned on interest-earning assets less the average rate paid on interest-bearing liabilities . ( 5 ) represents net interest income as a percentage of average interest-earning assets . 30 the table below shows changes in interest income and interest expense and the amounts attributable to variations in interest rates and volumes for the periods indicated . the variances attributable to simultaneous volume and rate changes have been allocated to the change due to volume and the change due to rate categories in proportion to the relationship of the absolute dollar amount attributable solely to the change in volume and to the change in rate . replace_table_token_4_th ( 1 ) loans receivable include loans held for sale and exclude the allowance for credit losses . nonaccrual loans receivable are included in the average loans receivable balance . ( 2 ) amounts calculated on a fully equivalent basis using the current statutory federal tax rate . 2020 compared to 2019 interest income , on a taxable equivalent basis , decreased $ 23.1 million , or 9.3 percent , to $ 223.9 million for the year ended december 31 , 2020 from $ 246.9 million for the year ended december 31 , 2019. interest expense decreased $ 27.9 million or 39.4 percent , to $ 43.0 million in 2020 from $ 70.9 million in 2019. net interest income , on a taxable equivalent basis , was $ 180.9 million and $ 176.0 million in 2020 and 2019 , respectively . story_separator_special_tag loans are placed on nonaccrual status when , in the opinion of management , the full timely collection of principal or interest is in doubt . generally , the accrual of interest is discontinued when principal or interest payments become more than 90 days past due , unless management believes the loan or lease is adequately collateralized and in the process of collection . however , in certain instances , we may place a particular loan or lease on nonaccrual status earlier , depending upon the individual circumstances surrounding the delinquency of the loan or lease . when a loan or lease is placed on nonaccrual status , previously accrued but unpaid interest is reversed against current income . subsequent collections of cash are applied as principal reductions when received , except when the ultimate collectability of principal is probable , in which case interest payments are credited to income . nonaccrual loans may be restored to accrual status when principal and interest become current and full repayment is expected , which generally occurs after sustained payment of six months . interest income is recognized on the accrual basis for impaired loans not meeting the criteria for nonaccrual . oreo consists of properties acquired by foreclosure or similar means or are vacant bank properties for which their usage for operations has ceased and management intends to offer for sale . except for nonperforming loans set forth below , management is not aware of any loans as of december 31 , 2020 for which known credit problems of the borrower would cause serious doubts as to the ability of such borrowers to comply with their present loan or lease repayment terms , or any known events that would result in the loan or lease being designated as nonperforming at some future date . management can not , however , predict the extent to which a deterioration in general economic conditions , real estate values , increases in general rates of interest , or changes in the financial condition or business of borrower may adversely affect a borrower 's ability to pay . as of december 31 , 2020 , the company had loans receivable modified under the cares act of $ 155.6 million . approximately 13.6 % , or $ 21.1 million , of modified loans and leases were under deferred payment arrangements , with the remainder making payments that were less than the contractually required amount . of the modified loans receivable portfolio , 20.1 % were special mention and 15.7 % were classified . in addition , 4.6 % were on nonaccrual status at december 31 , 2020. nonaccrual loans were $ 83.0 million , $ 63.8 million and $ 15.5 million as of december 31 , 2020 , 2019 and 2018 , respectively , representing an increase of $ 19.2 million , or 30.1 percent , in 2020 and an increase of $ 48.3 million , or 311.6 percent , in 2019. the increase in nonaccrual loans in 2020 was primarily due to the addition of $ 33.8 million for five hospitality loans and $ 12.4 million for two film tax credit loans , offset by a $ 25.3 million charge-off on a troubled relationship . at december 31 , 2020 , $ 33.0 million of nonaccrual loans and leases related to loans adversely affected by the covid-19 pandemic . as of december 31 , 2020 and 2019 , all loans and leases 90 days or more past due were classified as nonaccrual . all of the $ 83.0 million nonperforming loans as of december 31 , 2020 were considered nonperforming and resulted in aggregate individually evaluated allowances of $ 14.0 million . the allowance for collateral-dependent loans is calculated as the difference between the outstanding loan balance and the value of the collateral as determined by recent appraisals less estimated costs to sell . the allowance for collateral-dependent loans varies based on the collateral coverage of the loan at the time of designation as nonperforming . we continue to monitor the collateral coverage , based on recent appraisals , on these loans on a quarterly basis and adjust the allowance accordingly . as of december 31 , 2020 , oreo consisted of four properties with a combined carrying value of $ 2.4 million . as of december 31 , 2019 , there were two properties with a combined carrying value of $ 63,000 in oreo . individually evaluated loans prior to the adoption of asu 2016-13 , individually evaluated loans were measured based on the present value of expected future cash flows discounted at the loan 's effective interest rate or , as a practical expedient , at the loan 's observable market price or the fair value of the collateral if the loan was collateral dependent , less estimated costs to sell . if the estimated value of the individually evaluated loan was less than the recorded investment in the loan , we charged-off the deficiency against the allowance for credit losses or we established a specific allowance in the allowance for credit losses . additionally , we excluded from the quarterly migration analysis individually evaluated loans when determining the amount of the allowance for credit losses required for the period . individually evaluated loans were $ 91.0 million , $ 64.8 million and $ 25.1 million as of december 31 , 2020 , 2019 and 2018 , respectively , representing an increase of $ 26.2 million , or 40.4 percent , in 2020 , and an increase of $ 39.6 million , or 157.8 percent , in 2019. specific allowance allocations associated with individually evaluated loans decreased $ 11.8 million to $ 14.0 million as of december 31 , 2020 , compared with $ 25.8 million as of december 31 , 2019 . 36 for the year ended december 31 , 2020 , we restructured monthly payments for five loans , with a net carrying value of $ 4.5 million at the time of modification

