Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from David Darst – Ftn Midwest.
David Darst – Ftn Midwest
Can you go over your funding mix this quarter? It looks like you had pretty good DDA growth and you're talking about actually a decline.
Frederick Peters
Yes. I'll turn it over to Duncan in a second for the specific numbers. We have noticed really going back to September a sharp increase in the number of new transaction deposit accounts that we have opened. They are primarily coming from some of the larger, more troubled institutions in our area as there appears to be a slight dequality.
But we are opening up approximately three times the number of transaction accounts that we might normally open up. As you mentioned, client accounts are a little bit of a plug figure so if we need money, we might raise rates, so we don't look at time accounts too much increasing or decreasing as a bell weather of how we're doing on deposits.
Duncan, I'm not sure if you have any specific figures here other than I know we're pleased where we are on what we call core transaction accounts.
Duncan Smith
We're just continuing to look at all our different funding sources and to diversify and not put all our borrowing capabilities in any one institution. For example, home loan banks, we mentioned we're at $202 million. We're actually taking steps to reduce home loan bank exposure over the next six months.
We've also recently taken some assets, commercial and industrial loans that were not accepted as collateral by the home loan bank and we placed them in the Fed discount window program, essentially giving us some additional borrowing capacity in the lines of about $70 million. So that was just set up in the last couple of days. So that's a very positive development there.
So we continue to look at all our sources and try to get a nice balance and mix through wholesale CD's, federal home loan bank borrowings, Fed and also core deposits. We are seeing some fall out from the bigger financial institutions getting new deposit relationships from some of their key customers. So we hope that's good news for us.
David Darst – Ftn Midwest
Could you run back over your leasing strategy? It sounds like you're still committed to the business and growing the portfolio.
Frederick Peters
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