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DEPOSITS

6 Months Ended

Jun. 30, 2023

DEPOSITS

DEPOSITS

6. DEPOSITS

​

The composition of the deposit portfolio follows:

​

​	​	​	​	​	​	​	​
(in thousands)		June 30, 2023			December 31, 2022
​	​	​	​	​	​	​	​
Core Bank:	​	​	​	​	​	​	​
Demand	​	$	1,161,743	​	$	1,336,082	​
Money market accounts	​		851,090	​		707,272	​
Savings	​		289,209	​		323,015	​
Reciprocal money market	​		169,619	​		28,635	​
Individual retirement accounts (1)	​		34,227	​		38,640	​
Time deposits, $250 and over (1)	​		91,036	​		54,855	​
Other certificates of deposit (1)	​		186,053	​		129,324	​
Reciprocal time deposits (1)	​		73,205	​		7,405	​
Wholesale brokered deposits (1)	​	​	8,033	​	​	—	​
Total Core Bank interest-bearing deposits	​		2,864,215	​		2,625,228	​
Total Core Bank noninterest-bearing deposits	​	​	1,405,543	​	​	1,464,493	​
Total Core Bank deposits	​	​	4,269,758	​	​	4,089,721	​
​	​	​	​	​	​	​	​
Republic Processing Group:	​	​	​	​	​	​	​
Money market accounts	​	​	10,159	​	​	3,849	​
Total RPG interest-bearing deposits	​	​	10,159	​	​	3,849	​
​	​	​	​	​	​	​	​
Brokered prepaid card deposits	​	​	344,441	​	​	328,655	​
Other noninterest-bearing deposits	​	​	104,923	​	​	115,620	​
Total RPG noninterest-bearing deposits	​	​	449,364	​	​	444,275	​
Total RPG deposits	​	​	459,523	​	​	448,124	​
​	​	​	​	​	​	​	​
Total deposits	​	$	4,729,281	​	$	4,537,845	​

(1) Includes time deposits.

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- References

No definition available.

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X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481047/942-405-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

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