XML 66 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
DEPOSITS (Tables)
12 Months Ended
Dec. 31, 2024
DEPOSITS  
Composition of deposit portfolio

December 31, (in thousands)

    

 

2024

    

2023

 

Core Bank:

Demand

$

1,166,517

$

1,158,051

Money market accounts

 

1,295,024

 

1,007,356

Savings

 

238,596

 

263,238

Reciprocal money market

 

212,033

 

188,078

Individual retirement accounts (1)

 

34,543

 

33,793

Time deposits, $250 and over (1)

 

129,593

 

101,787

Other certificates of deposit (1)

 

239,643

 

225,614

Reciprocal time deposits (1)

 

80,016

 

90,857

Wholesale brokered deposits (1)

87,285

88,767

Total Core Bank interest-bearing deposits

 

3,483,250

 

3,157,541

Total Core Bank noninterest-bearing deposits

1,123,208

1,239,466

Total Core Bank deposits

4,606,458

4,397,007

Republic Processing Group:

Wholesale brokered deposits (1)

199,964

199,960

Interest-bearing prepaid card deposits

296,921

Money market accounts

22,647

18,664

Total RPG interest-bearing deposits

519,532

218,624

Noninterest-bearing prepaid card deposits

2,842

318,769

Other noninterest-bearing deposits

81,714

118,763

Total RPG noninterest-bearing deposits

84,556

437,532

Total RPG deposits

604,088

656,156

Total deposits

$

5,210,546

$

5,053,163

(1)Represents time deposits.

Schedule of maturities of all time deposits, including brokered certificates of deposit

    

    

Weighted

 

Average

 

Years (dollars in thousands)

Principal

Rate

 

2025

$

624,381

 

4.20

%  

2026

 

94,307

 

5.04

2027

 

11,062

 

2.28

2028

 

17,745

 

3.96

2029

 

23,549

 

3.87

Thereafter

 

 

Total

$

771,044

 

4.26