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DEPOSITS
9 Months Ended
Sep. 30, 2024
DEPOSITS  
DEPOSITS

6. DEPOSITS

The composition of the deposit portfolio follows:

(in thousands)

    

September 30, 2024

    

December 31, 2023

Core Bank:

Demand

$

1,158,108

$

1,158,051

Money market accounts

 

1,232,060

 

1,007,356

Savings

 

259,076

 

263,238

Reciprocal money market

 

263,602

 

188,078

Individual retirement accounts (1)

 

35,555

 

33,793

Time deposits, $250 and over (1)

 

118,043

 

101,787

Other certificates of deposit (1)

 

241,025

 

225,614

Reciprocal time deposits (1)

 

100,888

 

90,857

Wholesale brokered deposits (1)

87,252

88,767

Total Core Bank interest-bearing deposits

 

3,495,609

 

3,157,541

Total Core Bank noninterest-bearing deposits

1,157,979

1,239,466

Total Core Bank deposits

4,653,588

4,397,007

Republic Processing Group:

Wholesale brokered deposits (1)

199,960

Interest-bearing prepaid card deposits

321,681

Money market accounts

24,320

18,664

Total RPG interest-bearing deposits

346,001

218,624

Noninterest-bearing prepaid card deposits

318,769

Other noninterest-bearing deposits

102,107

118,763

Total RPG noninterest-bearing deposits

102,107

437,532

Total RPG deposits

448,108

656,156

Total deposits

$

5,101,696

$

5,053,163

(1)Includes time deposits.