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DEPOSITS (Tables)
12 Months Ended
Dec. 31, 2019
DEPOSITS  
Ending deposit balances

 

 

 

 

 

 

 

December 31,  (in thousands)

    

2019

    

2018

 

 

 

 

 

 

 

Core Bank:

 

 

 

 

 

 

Demand

 

$

922,972

 

$

937,402

Money market accounts

 

 

793,950

 

 

717,954

Savings

 

 

175,588

 

 

187,868

Individual retirement accounts (1)

 

 

51,548

 

 

53,524

Time deposits, $250 and over (1)

 

 

104,412

 

 

84,104

Other certificates of deposit (1)

 

 

248,161

 

 

239,324

Reciprocal money market and time deposits (1)

 

 

189,774

 

 

217,153

Brokered deposits (1)

 

 

200,072

 

 

9,394

Total Core Bank interest-bearing deposits

 

 

2,686,477

 

 

2,446,723

Total Core Bank noninterest-bearing deposits

 

 

981,164

 

 

971,422

Total Core Bank deposits

 

 

3,667,641

 

 

3,418,145

 

 

 

 

 

 

 

Republic Processing Group:

 

 

 

 

 

 

Money market accounts

 

 

66,152

 

 

5,453

Total RPG interest-bearing deposits

 

 

66,152

 

 

5,453

 

 

 

 

 

 

 

Brokered prepaid card deposits

 

 

9,128

 

 

4,350

Other noninterest-bearing deposits

 

 

43,087

 

 

28,197

Total RPG noninterest-bearing deposits

 

 

52,215

 

 

32,547

Total RPG deposits

 

 

118,367

 

 

38,000

 

 

 

 

 

 

 

Total deposits

 

$

3,786,008

 

$

3,456,145


(1)

Includes time deposits.

Schedule of time deposits of $250,000 or more

 

 

 

 

 

 

 

 

December 31, (in thousands)

    

2019

    

2018

 

 

 

 

 

 

 

 

 

Time deposits of $250 or more

 

$

104,412

 

$

84,104

 

 

Schedule of maturities of all time deposits, including brokered certificates of deposit

 

 

 

 

 

 

 

 

    

 

 

    

Weighted

 

 

 

 

 

 

Average

 

Years (dollars in thousands)

 

Principal

 

Rate

 

 

 

 

 

 

 

 

2020

 

$

541,352

 

1.90

%

2021

 

 

88,628

 

2.14

 

2022

 

 

37,947

 

2.19

 

2023

 

 

55,179

 

2.92

 

2024

 

 

10,836

 

2.41

 

Thereafter

 

 

 —

 

 —

 

Total

 

$

733,942

 

2.03