Composition of deposit portfolio |
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. |
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