Our decisions minimized physical contact to protect our employees and customers. We believe that this is a client segment that is underserved by larger bank competitors. We understand this commitment makes a broader impact. These summary descriptions are not complete. Under the BHCA, the Company is subject to periodic examination by the Federal Reserve. The total base assessment rates range from 1.5 basis points to 40 basis points. No dividend may be paid from the capital stock account of the Bank. The regulations include significant penalties for non-compliance. OFAC publishes lists of specially designated targets and countries. Concentration stemming from CRE is one area of regulatory concern. Those rules, however, have not yet been finalized. All of these factors are generally detrimental to our business. Changes in interest rates could affect our ability to originate loans and deposits. We have credit exposure to the energy industry. Liquidity is essential to our business. Liquidity also may be affected by the Bank's unfunded commitments to extend credit. We may not be able to sustain our historical rate of growth or grow our business at all. Additionally, we may not be able to maintain historical levels of expenses. Undiscovered data corruption could render our client information inaccurate. These events may obstruct our ability to provide services and process transactions. This is known as FIRREA's "cross-guarantee" provision. FDIC deposit insurance is critical to the continued operation of the Bank. The Bank had a CRA rating of "Satisfactory" as of its most recent CRA assessment. PROPERTIESOur headquarters is located at 11440 Tomahawk Creek Parkway, Leawood, Kansas. MINE SAFETY DISCLOSURESNot applicable. Prior to joining the Bank, he was a Regional President for Intrust Bank. Mr. Jones has served on the board of the Bank since 2016. Peterson became Chief Banking Officer effective on July 1, 2020. Rapp has served as the Chief Credit Officer of the Bank since April 2019. She received her law degrees from Washington University in St. Louis. The Company elected to apply the guidance. We extend commercial loans on an unsecured and secured basis. We present and discuss net interest income on a tax-equivalent basis. Our yield on earning assets and cost of funds were driven by the rate environment. In July 2019, interest rates started to decline and continued through 2020. Tax-free municipal securities are exempt from Federal taxes. PPP loan fees and interest income improved the earning asset yield by 6 basis points. As a result, we listed two support buildings for sale. Subsequent to the write-down, the industrial facilities were sold for $1 million. We currently anticipate the effective tax rate to increase slightly in 2021. Commercial loans are generally paid back through normal business operations. During 2017, the Company made a strategic decision to discontinue these participations. The December 31, 2020 provision increased primarily due to the reasons discussed below. Substandard, accruing loans are discussed in additional detail below. At December 31, 2020, nonperforming assets increased $31 million or 64% from 2019. These assets related to one commercial loan and one commercial real estate loan. BOLI income is exempt from federal and state taxes. In addition, we saw increased interest in our money market accounts. Public funds are another source of wholesale deposits as they require collateral. The market for wholesale deposits
