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DEPOSITS (Tables)

9 Months Ended

Sep. 30, 2023

DEPOSITS

Composition of deposit portfolio

The composition of the deposit portfolio follows:

​

​	​	​	​	​	​	​	​
(in thousands)		September 30, 2023			December 31, 2022
​	​	​	​	​	​	​	​
Core Bank:	​	​	​	​	​	​	​
Demand	​	$	1,233,328	​	$	1,336,082	​
Money market accounts	​		939,499	​		707,272	​
Savings	​		263,249	​		323,015	​
Reciprocal money market	​		206,347	​		28,635	​
Individual retirement accounts (1)	​		33,823	​		38,640	​
Time deposits, $250 and over (1)	​		94,521	​		54,855	​
Other certificates of deposit (1)	​		207,481	​		129,324	​
Reciprocal time deposits (1)	​		94,629	​		7,405	​
Wholesale brokered deposits (1)	​	​	805	​	​	—	​
Total Core Bank interest-bearing deposits	​		3,073,682	​		2,625,228	​
Total Core Bank noninterest-bearing deposits	​	​	1,269,643	​	​	1,464,493	​
Total Core Bank deposits	​	​	4,343,325	​	​	4,089,721	​
​	​	​	​	​	​	​	​
Republic Processing Group:	​	​	​	​	​	​	​
Money market accounts	​	​	16,921	​	​	3,849	​
Total RPG interest-bearing deposits	​	​	16,921	​	​	3,849	​
​	​	​	​	​	​	​	​
Brokered prepaid card deposits	​	​	326,505	​	​	328,655	​
Other noninterest-bearing deposits	​	​	106,831	​	​	115,620	​
Total RPG noninterest-bearing deposits	​	​	433,336	​	​	444,275	​
Total RPG deposits	​	​	450,257	​	​	448,124	​
​	​	​	​	​	​	​	​
Total deposits	​	$	4,793,582	​	$	4,537,845	​

(1) Includes time deposits.

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Tabular disclosure of the components of deposit liabilities.

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