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DEPOSITS (Tables)
6 Months Ended
Jun. 30, 2017
Deposit Liabilities  
Ending deposit balances

 

 

 

 

 

 

 

 

(in thousands)

    

June 30, 2017

    

December 31, 2016

 

 

 

 

 

 

 

 

 

Core Bank:

 

 

 

 

 

 

 

Demand

 

$

910,579

 

$

872,709

 

Money market accounts

 

 

540,005

 

 

541,622

 

Brokered money market accounts

 

 

136,616

 

 

360,597

 

Savings

 

 

178,890

 

 

164,410

 

Individual retirement accounts*

 

 

45,475

 

 

42,642

 

Time deposits, $250 and over*

 

 

61,662

 

 

37,200

 

Other certificates of deposit*

 

 

159,484

 

 

140,894

 

Brokered certificates of deposit*

 

 

38,186

 

 

28,666

 

Total Core Bank interest-bearing deposits

 

 

2,070,897

 

 

2,188,740

 

Total Core Bank noninterest-bearing deposits

 

 

1,005,668

 

 

943,459

 

Total Core Bank deposits

 

 

3,076,565

 

 

3,132,199

 

 

 

 

 

 

 

 

 

Republic Processing Group ("RPG"):

 

 

 

 

 

 

 

Money market accounts

 

 

1,404

 

 

 —

 

Total RPG interest-bearing deposits

 

 

1,404

 

 

 —

 

 

 

 

 

 

 

 

 

Brokered prepaid card deposits

 

 

1,035

 

 

15

 

Other noninterest-bearing deposits

 

 

54,934

 

 

28,478

 

Total RPG noninterest-bearing deposits

 

 

55,969

 

 

28,493

 

Total RPG deposits

 

 

57,373

 

 

28,493

 

 

 

 

 

 

 

 

 

Total deposits

 

$

3,133,938

 

$

3,160,692

 


*Represents a time deposit.

 

Cornerstone  
Deposit Liabilities  
Schedule of deposits liabilities acquired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May 17, 2016

(in thousands)

    

Contractual Principal

    

Fair Value Adjustment

 

Acquisition-Day Fair Value

 

 

 

 

 

 

 

 

 

 

Demand

 

$

59,507

 

$

 —

 

$

59,507

Money market accounts

 

 

53,773

 

 

 —

 

 

53,773

Savings

 

 

12,352

 

 

 —

 

 

12,352

Individual retirement accounts*

 

 

3,897

 

 

13

 

 

3,910

Time deposits, $250 and over*

 

 

3,385

 

 

12

 

 

3,397

Other certificates of deposit*

 

 

19,343

 

 

67

 

 

19,410

 

 

 

 

 

 

 

 

 

 

Total interest-bearing deposits

 

 

152,257

 

 

92

 

 

152,349

Total noninterest-bearing deposits

 

 

52,908

 

 

 —

 

 

52,908

 

 

 

 

 

 

 

 

 

 

Total deposits

 

$

205,165

 

$

92

 

$

205,257


*Represents a time deposit.