XML 30 R13.htm IDEA: XBRL DOCUMENT v3.20.2
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.

​

​