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DEPOSITS (Tables)
6 Months Ended
Jun. 30, 2022
DEPOSITS  
Composition of deposit portfolio

The composition of the deposit portfolio follows:

(in thousands)

    

June 30, 2022

    

December 31, 2021

 

Core Bank:

Demand

$

1,338,061

$

1,381,522

Money market accounts

 

775,560

 

789,876

Savings

 

331,508

 

311,624

Individual retirement accounts (1)

 

41,305

 

43,724

Time deposits, $250 and over (1)

 

51,976

 

81,050

Other certificates of deposit (1)

 

132,536

 

154,174

Reciprocal money market and time deposits (1)

 

52,862

 

77,950

Total Core Bank interest-bearing deposits

 

2,723,808

 

2,839,920

Total Core Bank noninterest-bearing deposits

1,676,974

1,579,173

Total Core Bank deposits

4,400,782

4,419,093

Republic Processing Group:

Money market accounts

9,285

9,717

Total RPG interest-bearing deposits

9,285

9,717

Brokered prepaid card deposits

319,455

320,907

Other noninterest-bearing deposits

98,007

90,701

Total RPG noninterest-bearing deposits

417,462

411,608

Total RPG deposits

426,747

421,325

Total deposits

$

4,827,529

$

4,840,418

(1)Includes time deposit.