"U.S. banks, who had little choice in recent years but to use deposits to buy super safe mortgage bonds, are now getting an unpleasant taste of the risks ..."
HBKS: Looks well prepared for rising rates.
More likely luck ... just setting the bank up for a sale. Buyer has a lot less due diligence to do. CD is like cash in the bank - nothing to evaluate.
HBKS looks hardened against rising interest rates.