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DEPOSITS (Tables)

6 Months Ended

Jun. 30, 2024

DEPOSITS

Composition of deposit portfolio

The composition of the deposit portfolio follows:

​

​	​	​	​	​	​	​	​
(in thousands)		June 30, 2024			December 31, 2023
​	​	​	​	​	​	​	​
Core Bank:	​	​	​	​	​	​	​
Demand	​	$	1,161,644	​	$	1,158,051	​
Money market accounts	​		1,140,030	​		1,007,356	​
Savings	​		318,991	​		263,238	​
Reciprocal money market	​		241,278	​		188,078	​
Individual retirement accounts (1)	​		35,037	​		33,793	​
Time deposits, $250 and over (1)	​		109,160	​		101,787	​
Other certificates of deposit (1)	​		241,205	​		225,614	​
Reciprocal time deposits (1)	​		95,751	​		90,857	​
Wholesale brokered deposits (1)	​	​	87,221	​	​	88,767	​
Total Core Bank interest-bearing deposits	​		3,430,317	​		3,157,541	​
Total Core Bank noninterest-bearing deposits	​	​	1,169,643	​	​	1,239,466	​
Total Core Bank deposits	​	​	4,599,960	​	​	4,397,007	​
​	​	​	​	​	​	​	​
Republic Processing Group:	​	​	​	​	​	​	​
Wholesale brokered deposits (1)	​	​	—	​	​	199,960	​
Interest-bearing prepaid card deposits	​	​	335,459	​	​	—	​
Money market accounts	​	​	23,881	​	​	18,664	​
Total RPG interest-bearing deposits	​	​	359,340	​	​	218,624	​
​	​	​	​	​	​	​	​
Noninterest-bearing prepaid card deposits	​	​	—	​	​	318,769	​
Other noninterest-bearing deposits	​	​	109,747	​	​	118,763	​
Total RPG noninterest-bearing deposits	​	​	109,747	​	​	437,532	​
Total RPG deposits	​	​	469,087	​	​	656,156	​
​	​	​	​	​	​	​	​
Total deposits	​	$	5,069,047	​	$	5,053,163	​

(1) Includes time deposits.

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Tabular disclosure of the components of deposit liabilities.

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