Branch BankingDeposit balances were $1.98 billion at December 31, 2012, down from $2.01 billion at December 31, 2011. Certificates of deposit decreased $378.3 million, or 36.6%, from a year ago as a result of the managed reduction of these higher-cost deposits and replacement with transaction and savings deposits, which increased $271.5 million, or 35.1%, from a year ago. The improvement in the composition of deposits reflects our successful efforts to attract transaction and savings deposit balances through our branch network and convert customers with maturing certificates of deposit to transaction and savings deposits.
HomeStreet, Inc. Reports Record Full Year Net Income
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