Operator
Our next question comes from Andrew Liesch from Sandler O’Neill. Please go ahead with your question.
Andrew Liesch, Sandler O’Neill
Hi guys. For the last few quarters loan deposit ratio has been right around 100% and added some brokers I guess to keep it around that level, are you comfortable running it here or would you be comfortable running it higher? I know it sounds like you are going to have good deposit flows on other business accounts, but just kind of curious how you think about the loan-to-deposit ratio?
Steve Gardner, President and CEO
I addressed it Andrew I think it was at the end of the second quarter last year when had first time had crossed over 100% loan-to-deposit ratio. And at that time I said, we are comfortable running the business above 100% loan-to-deposit ratio for a period of time and that remains true today as well. And so, we will look to manage the balance sheet from a variety of different perspectives, whether it’s from a liquidity interest rate risk standpoint and take advantage of opportunities where we see them. We had historically not accessed the broker CD market, but we took advantage of that in the third quarter and then a little bit in the fourth quarter. We have plenty of room on the FHLB line and so we are comfortable running the business above 100% loan-to-deposit ratio.
Andrew Liesch, Sandler O’Neill
Gotcha. And then I guess on similar lines with the security sales this quarter, I mean your comments for that you sold them in preparation of what was coming on with the Independence still but I mean it also provided a decent bit of liquidity as well. Would you expect more security sales could be coming after the deal closes?
Steve Gardner, President and CEO
I would not think anything material. If you look, with what we’ll be adding with Independence, that will put us at approximately round numbers $250 million and the securities portfolio at about the 10% level. We don’t want to run the business much below that — that’s sort of the target in our own mind. And so we would not expect to see significant levels of security sales, if we did there will likely be offset with purchases if we look to re-balance the portfolio.
Andrew Liesch, Sandler O’Neill
Gotcha. Thanks for taking my questions.
Steve Gardner, President and CEO
Alright, Andrew. Thanks.
Operator
And our next question comes from Timothy Coffey from FIG Partners. Please go ahead with your question.
Timothy Coffey, FIG Partners
Good morning, gentlemen.
Steve Gardner, President and CEO
Hi Tim.
Timothy Coffey, FIG Partners
Steve, are you anticipating any additional litigation expenses right now?
Steve Gardner, President and CEO
No. I think that if you follow the company Tim, historically we have been fortunate we think and we rarely have litigation matters arise. This has been something that has been out there for obviously a long period of time, and unfortunate but the history of the company has been that we run a pretty clean operation and we are certainly hopeful that we don’t experience litigation expense of this level in the future. I think that at the same time, as the company continues to grow and expand, we are obviously going to become potentially subject to that, but I think that what mitigates that there again are the solid internal controls that we have at the business we avoid those high risk areas that potentially lead the litigation and as such we do not expect to see that kind of expense going forward.
Timothy Coffey, FIG Partners
I’m sorry I should have been more specific, I meant related to this specific issue, not in general, but just with this specific issue.
Steve Gardner, President and CEO
We would not, as we stated in the release at December 31, 2014 with the information that we have in consultation with our counsel, we felt that the accrual that we put up was the appropriate amount.
