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DEPOSITS
9 Months Ended
Sep. 30, 2021
DEPOSITS  
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

(1)Includes time deposit
(2)See additional detail regarding the Bank’s agreement to sell TRS under Footnote 17 “Discontinued Operations” in this section of the filing.