CASH 2017 Annual Report

25 At September 30, 2017, $2.44 billion of the Company’s $3.22 billion deposit portfolio was attributable to the Payments segment. The majority of these deposits represent funds available to spend on prepaid debit cards and other stored value products, of which $2.39 billion are included with non-interest-bearing checking accounts and $20.2 million are included with savings deposits on the Company’s Consolidated Statement of Financial Condition. Generally, these deposits do not pay interest. The Payments segment originates debit card programs through outside sales agents and other financial institutions. As such, these deposits carry a somewhat higher degree of concentration risk than traditional consumer products. If a major client or card program were to leave the Bank, deposit outflows could be more significant than if the Bank were to lose a more traditional customer, although it is considered unlikely that all deposits related to a programwould leave theBankwithout significant advance notification. As such, and as historical results indicate, the Company believes that its deposit portfolio attributable to the Payments segment is stable. The increase in deposits arising from Payments has allowed the Bank to reduce its reliance on certificates of deposits and public funds, which typically have relatively higher costs. See “Regulation – FDIC Deposit Classification Guidance.” The following table sets forth the deposit flows at the Company during the periods indicated. September 30, 2017 2016 2015 (Dollars in Thousands) Opening Balance $ 2,430,082 $ 1,657,534 $ 1,366,541 Deposits 418,732,743 418,950,277 315,944,447 Withdrawals (417,941,472) (418,178,086) (315,653,993) Interest Credited 2,071 357 539 Ending Balance $ 3,223,424 $ 2,430,082 $ 1,657,534 Net Increase $ 793,342 $ 772,548 $ 290,993 Percent Increase 32.65% 46.61% 21.29%