DEPOSITS

12 Months Ended

Dec. 31, 2017

DEPOSITS

DEPOSITS

9.DEPOSITS

Ending deposit balances at December 31, 2017 and 2016 were as follows:

December 31,  (in thousands)	2017		2016
Core Bank:
Demand	$	944,812	$	872,709
Money market accounts		546,998		541,622
Brokered money market accounts		373,242		360,597
Savings		182,800		164,410
Individual retirement accounts*		47,982		42,642
Time deposits, $250 and over*		77,891		37,200
Other certificates of deposit*		189,661		140,894
Brokered certificates of deposit*		46,089		28,666
Total Core Bank interest-bearing deposits		2,409,475		2,188,740
Total Core Bank noninterest-bearing deposits		988,537		943,459
Total Core Bank deposits		3,398,012		3,132,199
Republic Processing Group ("RPG"):
Money market accounts		1,641		—
Total RPG interest-bearing deposits		1,641		—
Brokered prepaid card deposits		1,509		15
Other noninterest-bearing deposits		31,996		28,478
Total RPG noninterest-bearing deposits		33,505		28,493
Total RPG deposits		35,146		28,493
Total deposits	$	3,433,158	$	3,160,692

*Represents a time deposit.

The following table summarizes deposits acquired in the Company’s May 17, 2016 Cornerstone acquisition, finalized as of October 1, 2016:

	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.

Time deposits at or above the FDIC insured limit of $250,000 are presented in the table below:

December 31, (in thousands)	2017		2016
Time deposits of $250 or more	$	77,891	$	37,200

At December 31, 2017, the scheduled maturities and weighted average rate of all time deposits, including brokered certificates of deposit, were as follows:

			Weighted
			Average
Year (dollars in thousands)	Principal		Rate
2018	$	174,355	0.89	%
2019		53,714	1.53
2020		78,119	1.88
2021		18,059	1.60
2022		37,376	2.16
Thereafter		—	—
Total	$	361,623	1.36