transaction accounts increased by 6 percent to USD816.
0 percent increase in interest bearing deposits offset by a USD551 thousand or 1.
Net interest income increased during the 2015 period due to increases in the average balances of earning assets, investment securities and loans and reduced cost of interest bearing liabilities due to the elimination of junior subordinated deferrable interest debentures in the fourth quarter of 2014.
4m, respectively, with net interest income increases in the 2015 period being a result of higher average balances of earning assets, investment securities and loans and lower cost of interest bearing
As Federal Reserve raised rates last year, the non-interest bearing
deposit balances shifted to interest bearing
deposits which increased by $9.
24% for the year ended December 31, 2005, partially offset by an increase in average interest bearing
liabilities of $51.