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DEPOSITS (Tables)
9 Months Ended
Sep. 30, 2017
Deposit Liabilities  
Ending deposit balances

 

 

 

 

 

 

 

 

(in thousands)

    

September 30, 2017

    

December 31, 2016

 

 

 

 

 

 

 

 

 

Core Bank:

 

 

 

 

 

 

 

Demand

 

$

940,081

 

$

872,709

 

Money market accounts

 

 

540,521

 

 

541,622

 

Brokered money market accounts

 

 

302,469

 

 

360,597

 

Savings

 

 

182,153

 

 

164,410

 

Individual retirement accounts*

 

 

46,967

 

 

42,642

 

Time deposits, $250 and over*

 

 

76,362

 

 

37,200

 

Other certificates of deposit*

 

 

177,606

 

 

140,894

 

Brokered certificates of deposit*

 

 

41,561

 

 

28,666

 

Total Core Bank interest-bearing deposits

 

 

2,307,720

 

 

2,188,740

 

Total Core Bank noninterest-bearing deposits

 

 

991,218

 

 

943,459

 

Total Core Bank deposits

 

 

3,298,938

 

 

3,132,199

 

 

 

 

 

 

 

 

 

Republic Processing Group ("RPG"):

 

 

 

 

 

 

 

Money market accounts

 

 

1,595

 

 

 —

 

Total RPG interest-bearing deposits

 

 

1,595

 

 

 —

 

 

 

 

 

 

 

 

 

Brokered prepaid card deposits

 

 

1,167

 

 

15

 

Other noninterest-bearing deposits

 

 

48,029

 

 

28,478

 

Total RPG noninterest-bearing deposits

 

 

49,196

 

 

28,493

 

Total RPG deposits

 

 

50,791

 

 

28,493

 

 

 

 

 

 

 

 

 

Total deposits

 

$

3,349,729

 

$

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.