DEPOSITS |
5. DEPOSITS The composition of the deposit portfolio follows: | | | | | | | | (in thousands) | | September 30, 2021 | | December 31, 2020 | | | | | | | | | | Core Bank: | | | | | | | | Demand | | $ | 1,342,395 | | $ | 1,217,263 | | Money market accounts | | | 793,236 | | | 712,824 | | Savings | | | 295,663 | | | 236,335 | | Individual retirement accounts (1) | | | 46,196 | | | 47,889 | | Time deposits, $250 and over (1) | | | 84,340 | | | 83,448 | | Other certificates of deposit (1) | | | 163,345 | | | 199,214 | | Reciprocal money market and time deposits (1) | | | 101,109 | | | 314,109 | | Brokered deposits (1) | | | 30,001 | | | 25,010 | | Total Core Bank interest-bearing deposits | | | 2,856,285 | | | 2,836,092 | | Total Core Bank noninterest-bearing deposits | | | 1,691,413 | | | 1,503,662 | | Total Core Bank deposits | | | 4,547,698 | | | 4,339,754 | | | | | | | | | | Republic Processing Group: | | | | | | | | Money market accounts | | | 5,114 | | | 6,673 | | Total RPG interest-bearing deposits | | | 5,114 | | | 6,673 | | | | | | | | | | Brokered prepaid card deposits | | | 323,250 | | | 257,856 | | Other noninterest-bearing deposits | | | 38,822 | | | 110,021 | | Total RPG noninterest-bearing deposits | | | 362,072 | | | 367,877 | | Total RPG deposits | | | 367,186 | | | 374,550 | | | | | | | | | | Deposits of discontinued operations (2) | | | 33,063 | | | 18,877 | | | | | | | | | | Total deposits | | $ | 4,947,947 | | $ | 4,733,181 | |
(2) | See additional detail regarding the Bank’s agreement to sell TRS under Footnote 17 “Discontinued Operations” in this section of the filing. |
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