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DEPOSITS
6 Months Ended
Jun. 30, 2020
DEPOSITS  
DEPOSITS

5. DEPOSITS

The composition of the deposit portfolio follows:

(in thousands)

    

June 30, 2020

    

December 31, 2019

 

Core Bank:

Demand

$

1,124,321

$

922,972

Money market accounts

 

748,832

 

793,950

Savings

 

207,729

 

175,588

Individual retirement accounts (1)

 

51,715

 

51,548

Time deposits, $250 and over (1)

 

111,725

 

104,412

Other certificates of deposit (1)

 

258,884

 

248,161

Reciprocal money market and time deposits (1)

 

290,441

 

189,774

Brokered deposits (1)

 

400,000

 

200,072

Total Core Bank interest-bearing deposits

 

3,193,647

 

2,686,477

Total Core Bank noninterest-bearing deposits

1,431,866

981,164

Total Core Bank deposits

4,625,513

3,667,641

Republic Processing Group:

Money market accounts

3,038

66,152

Total RPG interest-bearing deposits

3,038

66,152

Brokered prepaid card deposits

256,703

9,128

Other noninterest-bearing deposits

132,831

43,087

Total RPG noninterest-bearing deposits

389,534

52,215

Total RPG deposits

392,572

118,367

Total deposits

$

5,018,085

$

3,786,008

(1)Includes time deposits.