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DEPOSITS (Tables)
9 Months Ended
Sep. 30, 2018
DEPOSITS  
Ending deposit balances

 

 

 

 

 

 

 

 

(in thousands)

    

September 30, 2018

    

December 31, 2017

 

 

 

 

 

 

 

 

 

Core Bank:

 

 

 

 

 

 

 

Demand

 

$

932,474

 

$

944,812

 

Money market accounts

 

 

662,122

 

 

546,998

 

Savings

 

 

191,619

 

 

182,800

 

Individual retirement accounts(1)

 

 

52,447

 

 

47,982

 

Time deposits, $250 and over(1)

 

 

81,197

 

 

77,891

 

Other certificates of deposit(1)

 

 

229,074

 

 

189,661

 

Reciprocal money market and time deposits(1)(2)

 

 

292,103

 

 

373,242

 

Brokered deposits(1)

 

 

21,770

 

 

46,089

 

Total Core Bank interest-bearing deposits

 

 

2,462,806

 

 

2,409,475

 

Total Core Bank noninterest-bearing deposits

 

 

1,056,916

 

 

988,537

 

Total Core Bank deposits

 

 

3,519,722

 

 

3,398,012

 

 

 

 

 

 

 

 

 

Republic Processing Group ("RPG"):

 

 

 

 

 

 

 

Money market accounts

 

 

418

 

 

1,641

 

Total RPG interest-bearing deposits

 

 

418

 

 

1,641

 

 

 

 

 

 

 

 

 

Brokered prepaid card deposits

 

 

4,207

 

 

1,509

 

Other noninterest-bearing deposits

 

 

42,338

 

 

31,996

 

Total RPG noninterest-bearing deposits

 

 

46,545

 

 

33,505

 

Total RPG deposits

 

 

46,963

 

 

35,146

 

 

 

 

 

 

 

 

 

Total deposits

 

$

3,566,685

 

$

3,433,158

 


(1)

Represents a time deposit.

(2)

Prior to June 2018, reciprocal deposits were classified as “brokered deposits.” The Economic Growth, Regulatory Relief, and Consumer Protection Act, enacted in May 2018, provides that most reciprocal deposits are no longer classified as brokered deposits if the Bank meets certain regulatory criteria.