Function 6 · deposits and customers

Where are the deposits, how much of a rate cut reaches customers, and whom should the bank call before they leave?

Deposits stand at $930.6M, +13.2% over three years, and the largest one percent of depositors hold 12.6% of them. When the policy rate fell 2.58 points, savings passed on 0.38 of the cut at once, while time deposits passed on 0.32 in the first year because a certificate reprices only when it matures. The retention list puts $9,442,588 of expected balance at risk in front of 500 calls.

Deposits
$930.6M
Checking 49.0% of the total
Held by the top 1% of depositors
12.6%
Top 10% hold 46.7%
Deposit betas recovered
3 of 3
Within 0.02 of the generator's
Attrition model, test AUROC
0.583
Ceiling 0.588: most attrition is chance

Deposits by product

$0.0M$100.0M$200.0M$300.0M$400.0M$500.0M2023-092024-022024-072024-122025-052025-102026-032026-08MonthCheckingSavingsTime deposits

Balance

Deposits stood at $930.6M in 2026-08, +13.2% since the first month. Checking is 49.0% of the total: the cheapest money the bank has, and the first to leave when a customer does.

Source: generated, Harborline deposit accounts, September 2023 to August 2026, seed 20260831, as of 2026-08-31.

The policy rate, and what each product pays

0.001.002.003.004.005.006.002023-092024-022024-072024-122025-052025-102026-032026-08MonthTime, paidTime, offeredPolicy rateSavings, paid

Rate, percent

The policy rate fell 2.58 points from 2024-08 to 2026-08. Savings passed on 0.38 of it (its offered beta is 0.38); time deposits passed on only 0.32 in the first year, because a certificate reprices only when it matures, and 0.66 by the end. Treasury's rate shocks use these betas.

Source: generated, Harborline deposit accounts, September 2023 to August 2026, seed 20260831, as of 2026-08-31.

Checking accounts opened and closed each month

01002003004005002023-092024-022024-072024-122025-052025-102026-032026-08MonthOpenedClosed

Checking accounts

14,293 checking accounts opened and 8,401 closed over the three years. Closures are the attrition model's outcome; the retention list below is its use.

Source: generated, Harborline deposit accounts, September 2023 to August 2026, seed 20260831, as of 2026-08-31.

Deposit betas: the generator's, recovered, and paid

ProductGenerator's betaRecovered from the rate sheetWithin 0.02Paid rate beta, first year of cutsPaid rate beta, whole cycle
Checking0.020.02yes0.010.01
Savings0.380.38yes0.380.38
Time deposits0.720.72yes0.320.66

The offered rate betas are recovered from the rate sheet over the months no floor binds and checked against the generator's known parameters. The paid rate betas come from interest actually credited, and they are what net interest income feels.

The retention list: expected balance at risk

The 500 customers at the top of the list hold $114,622,517 and carry $9,442,588 of expected balance at risk, out of $61,088,783 across all 39,200 checking customers. The list is ordered by probability times balance, so a call goes to the relationship worth keeping.

CustomerProbability of leaving within a yearBalancesExpected balance at riskWhy
C0370836.7%$1,463,425$98,069checking balance; savings and time balances
C02968019.5%$362,451$70,606has complained; does not use digital banking
C0416375.5%$1,271,418$70,198checking balance; savings and time balances
C0443437.5%$777,371$58,211does not use digital banking; savings and time balances
C0474687.9%$709,516$55,974does not use digital banking; savings and time balances
C0404356.9%$788,264$54,449checking balance; savings and time balances
C0343369.0%$574,618$51,818does not use digital banking; savings and time balances
C0024848.0%$644,511$51,623does not use digital banking; checking balance
C00964818.3%$279,663$51,287customer for under a year; does not use digital banking
C0359625.8%$868,795$49,987checking balance; savings and time balances
C0198319.2%$534,437$48,949does not use digital banking; time as a customer
C0196617.6%$634,302$47,978does not use digital banking; savings and time balances
C0401978.7%$545,563$47,601does not use digital banking; savings and time balances
C00240120.5%$231,661$47,550has complained; does not use digital banking
C01148037.3%$121,097$45,227has complained; customer for under a year

Source: generated, Harborline deposit accounts, September 2023 to August 2026, seed 20260831, as of 2026-08-31. The model and its gates are in the attrition validation report.

Concentration

Largest depositorsCustomersShare of deposits
Top 1%39212.6%
Top 5%1,96032.5%
Top 10%3,92046.7%

Product holding

HoldingShare of customers
Checking95.2%
Savings52.2%
A time deposit12.0%
Any credit product56.1%
Checking and savings48.0%
Checking and any credit product53.4%

2.29 product types per customer on average.

Method and limitations

  • The customers, balances and rate sheet are generated. The betas are recovered from a generator that was written with them, which proves the pipeline, not the betas of any real bank.
  • The attrition model's AUROC of 0.583 is close to the ceiling of 0.588 that the generator's own hazards reach. A real bank has no ceiling to measure against and should expect less.
  • A customer who keeps the checking account open and moves the salary elsewhere has left in every way that matters, and the closure label does not see it.