Total deposits grew USD156.0m, or 9.10 percent from December 31, 2017, including USD50m in callable brokered certificates of deposit
Non-retail certificates of deposit which includes brokered certificates of deposit
, online certificates of deposit, and public funds decreased $1.4 million to $44.9 million at March 31, 2016, compared to $46.3 million at December 31, 2015, and increased $1.1 million from $43.8 million at March 31, 2015.
Total deposits declined slightly over the linked quarter, to USD553m at June 30, 2012, as the Bank favorably restructured certain brokered certificates of deposit
issued for interest rate risk management purposes to take advantage of record-low, long-term interest rates.
Total deposits were relatively unchanged from a year earlier, but at March 31, 2012, the company had no brokered certificates of deposit
compared with USD16.5m at March 31, 2011.
The increases over the March 31, 2015, quarter end levels are primarily the result of costs associated with redemptions of certain brokered certificates of deposit
. Specifically, during the quarter ended December 31, 2015, we redeemed $10.0 million in callable brokered CDs and replaced them with lower rate brokered CDs with similar remaining maturity structures.
Total deposits have declined USD11.3m during the third quarter of 2011, primarily due to the bank's calling and redeeming USD3m of brokered certificates of deposit
, an USD3.3m decline in public funds checking balances, and an USD6.2m net outflow of retail certificate of deposit balances.
The brokered certificates of deposit
which have maturity dates greater than twelve months are callable by Home Federal Bank after twelve months pursuant to early redemption provisions.