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DEPOSITS
3 Months Ended
Mar. 31, 2020
DEPOSITS  
DEPOSITS

5. DEPOSITS

 

The composition of the deposit portfolio follows:

 

 

 

 

 

 

 

 

 

(in thousands)

    

March 31, 2020

    

December 31, 2019

 

 

 

 

 

 

 

 

 

Core Bank:

 

 

 

 

 

 

 

Demand

 

$

959,911

 

$

922,972

 

Money market accounts

 

 

697,828

 

 

793,950

 

Savings

 

 

183,445

 

 

175,588

 

Individual retirement accounts (1)

 

 

51,639

 

 

51,548

 

Time deposits, $250 and over (1)

 

 

112,003

 

 

104,412

 

Other certificates of deposit (1)

 

 

261,386

 

 

248,161

 

Reciprocal money market and time deposits (1)

 

 

255,256

 

 

189,774

 

Brokered deposits (1)

 

 

180,245

 

 

200,072

 

Total Core Bank interest-bearing deposits

 

 

2,701,713

 

 

2,686,477

 

Total Core Bank noninterest-bearing deposits

 

 

1,042,311

 

 

981,164

 

Total Core Bank deposits

 

 

3,744,024

 

 

3,667,641

 

 

 

 

 

 

 

 

 

Republic Processing Group:

 

 

 

 

 

 

 

Money market accounts

 

 

68,853

 

 

66,152

 

Total RPG interest-bearing deposits

 

 

68,853

 

 

66,152

 

 

 

 

 

 

 

 

 

Brokered prepaid card deposits

 

 

42,962

 

 

9,128

 

Other noninterest-bearing deposits

 

 

215,618

 

 

43,087

 

Total RPG noninterest-bearing deposits

 

 

258,580

 

 

52,215

 

Total RPG deposits

 

 

327,433

 

 

118,367

 

 

 

 

 

 

 

 

 

Total deposits

 

$

4,071,457

 

$

3,786,008

 


(1)

Includes time deposits.