The reorganization was completed on July 1, 2019. The transaction was completed on July 1, 2019. We also obtain funds by utilizing Federal Home Loan Bank ("FHLB") advances. We sometimes refer to these counties as our primary market area. It is a residential suburb to Richmond and home to many antique stores. Sidney is the largest city and the county seat of Shelby County, Ohio. Lending activities originate from the relationships and efforts of our bankers. Loan Approval Procedures and Authority. This loan was performing in accordance with its repayment terms at December 31, 2020. We originated 482 PPP loans totaling $64.9 million during 2020. Most of our consumer loans are made as an accommodation to our existing customers. Historically, we have not purchased whole loans. The reason for delays is discussed and a trigger date established for final action. Loans and leases are reviewed on a regular basis. After acquisition, all costs incurred in maintaining the property are expensed. Allocation of Allowance for Loan and Lease Losses. At the dates indicated, we had no unallocated allowance for loan and lease losses. See "–Source of Funds - Borrowed Funds" below. The implementation of the legislation is an ongoing process. The IDFI is required to regularly examine each state-chartered bank. "Transaction with Affiliates and Regulation W of the Federal Reserve Regulations. At December 31, 2020, the Bank had no outstanding borrowings from the discount window. Accordingly, we are committed to the health, safety and wellness of our employees. Mr. Kleer also serves as Chairman of the Mutual Federal advisory board of directors. At December 31, 2020, the book value of our MSRs was $1.7 million. Business - How We Are Regulated." Increased reserve levels also may lead to a reduction in capital levels. This could negatively affect the trading price of our shares of common stock.
