was primarily comprised of an increase of $ 42.3 million in net loans receivable held for investment offset by decreases of $ 6.2 million in loans receivable held for sale , $ 3.7 million in securities available for sale , $ 1.1 million in interest-bearing cash in other banks and $ 833 thousand in reo . the bank had no reo as of december 31 , 2019. total liabilities increased by $ 30.5 million to $ 391.5 million at december 31 , 2019 from $ 361.0 million at december 31 , 2018. the increase in total liabilities during 2019 resulted primarily from increases of $ 16.3 million in total deposits and $ 14.0 million in fhlb advances we recorded a net loss of $ 206 thousand for the year ended december 31 , 2019 compared to net earnings of $ 815 thousand for the year ended december 31 , 2018. the decrease in earnings was primarily attributable to an increase of $ 1.2 million in interest expense on deposits and a decline of $ 1.2 million in the loan loss provision recapture during 2019 compared to 2018. also , non-interest expense increased by $ 515 thousand during 2019 compared to 2018 , primarily due to higher professional services fees of $ 491 thousand and higher compensation costs of $ 302 thousand , offset by a decrease of $ 288 thousand in other expenses , primarily due to lower reo costs of $ 166 thousand and lower marketing costs of $ 88 thousand . these items were partially offset by higher net interest income of $ 153 thousand and an increase in gain on sale of loans of $ 134 thousand during 2019 compared to 2018. comparison of operating results for the years ended december 31 , 2019 and 2018 general our most significant source of income is net interest income , which is the difference between our interest income and our interest expense . 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 , 2019 , net interest income increased by $ 153 thousand to $ 10.5 million , from $ 10.3 million for the same period in 2018. interest and fees on loans receivable increased by $ 1.6 million for the year ended december 31 , 2019 compared to the same period a year ago . the increase was primarily due to an increase of 32 basis points in the average yield on loans receivable , which increased loan interest income by $ 677 thousand , an increase of $ 542 thousand in interest 31 recoveries on non-accrual loans , and an increase of $ 8.8 million in the average balance of loans receivable , which increased interest income by $ 347 thousand . interest income on securities decreased by $ 54 thousand for the year ended december 31 , 2019 compared to the prior year due to a decrease of $ 2.5 million in the average balance of securities , which decreased interest income by $ 66 thousand , offset by an increase of 7 basis points in the average yield on securities , which increased interest income by $ 12 thousand . other interest income increased by $ 98 thousand for the year ended december 31 , 2019 compared to the prior year . the increase in other interest income primarily resulted from a net increase in the average balance of interest earning cash deposits in other banks of $ 4.0 million , which increased interest income by $ 84 thousand , and an increase of 36 basis points in the average interest rate on deposits , which increased interest income by $ 61 thousand . these increases were partially offset by a decrease of $ 47 thousand in dividends on fhlb stock because the bank received a special dividend during the fourth quarter of 2018 which it did not receive during 2019. interest expense on deposits increased by $ 1.2 million for the year ended december 31 , 2019 compared to the prior year , primarily due to an increase of 39 basis points in the average cost of deposits , which increased interest expense by $ 1.0 million , and an increase of $ 6.6 million in the average balance of deposits , which increased interest expense by $ 174 thousand . interest expense on borrowings increased by $ 270 thousand for the year ended december 31 , 2019 compared to the prior year , primarily due to an increase of $ 272 thousand in interest expense on fhlb advances . the interest expense on fhlb advances increased due to an increase of 29 basis points in the average cost of fhlb borrowings , which increased interest expense by $ 221 thousand and an increase of $ 2.3 million in the average balance of fhlb advances , which increased interest expense by $ 51 thousand . the increase in interest expense on fhlb advances was offset by a decrease of $ 2 thousand in interest expense on the company 's junior subordinated debentures due to a decrease of $ 209 thousand in the average balance of the debentures , which decreased interest expense by $ 10 thousand , offset by an increase of 17 basis points in the average interest rate on the debentures ,which increased interest expense by $ 8 thousand . story_separator_special_tag 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 $ 30.5 million to $ 391.5 million at december 31 , 2019 from $ 361.0 million at december 31 , 2018. the increase in total liabilities was primarily comprised of increases of $ 16.3 million in deposits and $ 14.0 million in fhlb advances . 37 deposits deposits increased by $ 16.3 million to $ 297.7 million at december 31 , 2019 from $ 281.4 million at december 31 , 2018 , which consisted of an increase of $ 17.7 million in cds and a decrease of $ 1.4 million in liquid deposits . one customer relationship accounted for approximately 10 % of our deposits at december 31 , 2019. we expect to maintain this relationship with the customer for the foreseeable future . borrowings total borrowings at december 31 , 2019 consisted of advances to the bank from the fhlb of $ 84.0 million , and junior subordinated debentures issued by the company of $ 4.3 million , compared to advances from the fhlb of $ 70.0 million and junior subordinated debentures of $ 5.1 million at december 31 , 2018. during 2019 , the bank paid off $ 8.0 million in maturing fhlb advances , borrowed $ 22.5 million in new advances from the fhlb and repaid $ 765 thousand of its junior subordinated debentures . the weighted average cost of fhlb advances increased by 29 basis points to 2.42 % at december 31 , 2019 from 2.13 % at december 31 , 2018 primarily due to higher interest rates . stockholders ' equity stockholders ' equity was $ 48.8 million , or 11.09 % of the company 's total assets at december 31 , 2019 , compared to $ 48.4 million , or 11.83 % of the company 's total assets at december 31 , 2018. the company 's book value was $ 1.75 per share as of december 31 , 2019 , compared to $ 1.77 per share as of december 31 , 2018. story_separator_special_tag 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-8 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 . 40 real estate owned ( `` reo `` ) reo consists of property acquired through foreclosure or deed in lieu of foreclosure and is recorded at the fair value , less estimated costs to sell , at the time of acquisition . the excess , if any , of the loan balance over the fair value of the property at the time of transfer from loans to reo is charged to the allowance for loan losses . after the transfer to reo , if the fair value of the property less estimated selling costs declines to an amount less than the carrying value of the property , the deficiency is charged to income as a provision expense and a valuation allowance is established . operating costs after acquisition are expensed as incurred . due to changing market conditions , there are inherent uncertainties in the assumptions made with respect to the estimated fair value of reo . therefore , the amount ultimately realized may differ from the amounts reflected in the accompanying consolidated financial statements . 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 in the current year and the prior two years , the amount of taxes paid in available carry-back years

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 13 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 $ 39.7 million at december 31 , 2019. 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 13 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 $ 39.7 million at december 31 , 2019. 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 : was primarily comprised of an increase of $ 42.3 million in net loans receivable held for investment offset by decreases of $ 6.2 million in loans receivable held for sale , $ 3.7 million in securities available for sale , $ 1.1 million in interest-bearing cash in other banks and $ 833 thousand in reo . the bank had no reo as of december 31 , 2019. total liabilities increased by $ 30.5 million to $ 391.5 million at december 31 , 2019 from $ 361.0 million at december 31 , 2018. the increase in total liabilities during 2019 resulted primarily from increases of $ 16.3 million in total deposits and $ 14.0 million in fhlb advances we recorded a net loss of $ 206 thousand for the year ended december 31 , 2019 compared to net earnings of $ 815 thousand for the year ended december 31 , 2018. the decrease in earnings was primarily attributable to an increase of $ 1.2 million in interest expense on deposits and a decline of $ 1.2 million in the loan loss provision recapture during 2019 compared to 2018. also , non-interest expense increased by $ 515 thousand during 2019 compared to 2018 , primarily due to higher professional services fees of $ 491 thousand and higher compensation costs of $ 302 thousand , offset by a decrease of $ 288 thousand in other expenses , primarily due to lower reo costs of $ 166 thousand and lower marketing costs of $ 88 thousand . these items were partially offset by higher net interest income of $ 153 thousand and an increase in gain on sale of loans of $ 134 thousand during 2019 compared to 2018. comparison of operating results for the years ended december 31 , 2019 and 2018 general our most significant source of income is net interest income , which is the difference between our interest income and our interest expense . 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 , 2019 , net interest income increased by $ 153 thousand to $ 10.5 million , from $ 10.3 million for the same period in 2018. interest and fees on loans receivable increased by $ 1.6 million for the year ended december 31 , 2019 compared to the same period a year ago . the increase was primarily due to an increase of 32 basis points in the average yield on loans receivable , which increased loan interest income by $ 677 thousand , an increase of $ 542 thousand in interest 31 recoveries on non-accrual loans , and an increase of $ 8.8 million in the average balance of loans receivable , which increased interest income by $ 347 thousand . interest income on securities decreased by $ 54 thousand for the year ended december 31 , 2019 compared to the prior year due to a decrease of $ 2.5 million in the average balance of securities , which decreased interest income by $ 66 thousand , offset by an increase of 7 basis points in the average yield on securities , which increased interest income by $ 12 thousand . other interest income increased by $ 98 thousand for the year ended december 31 , 2019 compared to the prior year . the increase in other interest income primarily resulted from a net increase in the average balance of interest earning cash deposits in other banks of $ 4.0 million , which increased interest income by $ 84 thousand , and an increase of 36 basis points in the average interest rate on deposits , which increased interest income by $ 61 thousand . these increases were partially offset by a decrease of $ 47 thousand in dividends on fhlb stock because the bank received a special dividend during the fourth quarter of 2018 which it did not receive during 2019. interest expense on deposits increased by $ 1.2 million for the year ended december 31 , 2019 compared to the prior year , primarily due to an increase of 39 basis points in the average cost of deposits , which increased interest expense by $ 1.0 million , and an increase of $ 6.6 million in the average balance of deposits , which increased interest expense by $ 174 thousand . interest expense on borrowings increased by $ 270 thousand for the year ended december 31 , 2019 compared to the prior year , primarily due to an increase of $ 272 thousand in interest expense on fhlb advances . the interest expense on fhlb advances increased due to an increase of 29 basis points in the average cost of fhlb borrowings , which increased interest expense by $ 221 thousand and an increase of $ 2.3 million in the average balance of fhlb advances , which increased interest expense by $ 51 thousand . the increase in interest expense on fhlb advances was offset by a decrease of $ 2 thousand in interest expense on the company 's junior subordinated debentures due to a decrease of $ 209 thousand in the average balance of the debentures , which decreased interest expense by $ 10 thousand , offset by an increase of 17 basis points in the average interest rate on the debentures ,which increased interest expense by $ 8 thousand . story_separator_special_tag 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 $ 30.5 million to $ 391.5 million at december 31 , 2019 from $ 361.0 million at december 31 , 2018. the increase in total liabilities was primarily comprised of increases of $ 16.3 million in deposits and $ 14.0 million in fhlb advances . 37 deposits deposits increased by $ 16.3 million to $ 297.7 million at december 31 , 2019 from $ 281.4 million at december 31 , 2018 , which consisted of an increase of $ 17.7 million in cds and a decrease of $ 1.4 million in liquid deposits . one customer relationship accounted for approximately 10 % of our deposits at december 31 , 2019. we expect to maintain this relationship with the customer for the foreseeable future . borrowings total borrowings at december 31 , 2019 consisted of advances to the bank from the fhlb of $ 84.0 million , and junior subordinated debentures issued by the company of $ 4.3 million , compared to advances from the fhlb of $ 70.0 million and junior subordinated debentures of $ 5.1 million at december 31 , 2018. during 2019 , the bank paid off $ 8.0 million in maturing fhlb advances , borrowed $ 22.5 million in new advances from the fhlb and repaid $ 765 thousand of its junior subordinated debentures . the weighted average cost of fhlb advances increased by 29 basis points to 2.42 % at december 31 , 2019 from 2.13 % at december 31 , 2018 primarily due to higher interest rates . stockholders ' equity stockholders ' equity was $ 48.8 million , or 11.09 % of the company 's total assets at december 31 , 2019 , compared to $ 48.4 million , or 11.83 % of the company 's total assets at december 31 , 2018. the company 's book value was $ 1.75 per share as of december 31 , 2019 , compared to $ 1.77 per share as of december 31 , 2018. story_separator_special_tag 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-8 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 . 40 real estate owned ( `` reo `` ) reo consists of property acquired through foreclosure or deed in lieu of foreclosure and is recorded at the fair value , less estimated costs to sell , at the time of acquisition . the excess , if any , of the loan balance over the fair value of the property at the time of transfer from loans to reo is charged to the allowance for loan losses . after the transfer to reo , if the fair value of the property less estimated selling costs declines to an amount less than the carrying value of the property , the deficiency is charged to income as a provision expense and a valuation allowance is established . operating costs after acquisition are expensed as incurred . due to changing market conditions , there are inherent uncertainties in the assumptions made with respect to the estimated fair value of reo . therefore , the amount ultimately realized may differ from the amounts reflected in the accompanying consolidated financial statements . 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 in the current year and the prior two years , the amount of taxes paid in available carry-back years

