Composition of deposit portfolio |
The composition of the deposit portfolio follows: | | | | | | | | (in thousands) | | June 30, 2025 | | December 31, 2024 | | | | | | | | | | Core Bank: | | | | | | | | Demand | | $ | 1,132,866 | | $ | 1,166,517 | | Money market | | | 1,387,704 | | | 1,295,024 | | Savings | | | 228,469 | | | 238,596 | | Reciprocal money market | | | 237,668 | | | 212,033 | | Individual retirement accounts (1) | | | 35,042 | | | 34,543 | | Time deposits, $250 and over (1) | | | 144,867 | | | 129,593 | | Other certificates of deposit (1) | | | 275,271 | | | 239,643 | | Reciprocal time deposits (1) | | | 75,104 | | | 80,016 | | Wholesale brokered deposits (1) | | | 218,746 | | | 87,285 | | Total Core Bank interest-bearing deposits | | | 3,735,737 | | | 3,483,250 | | Total Core Bank noninterest-bearing deposits | | | 1,151,511 | | | 1,123,208 | | Total Core Bank deposits | | | 4,887,248 | | | 4,606,458 | | | | | | | | | | Republic Processing Group: | | | | | | | | Wholesale brokered deposits (1) | | | 14,341 | | | 199,964 | | Interest-bearing prepaid card deposits | | | 320,056 | | | 296,921 | | Money market | | | 24,089 | | | 22,647 | | Total RPG interest-bearing deposits | | | 358,486 | | | 519,532 | | | | | | | | | | Noninterest-bearing prepaid card deposits | | | 4,285 | | | 2,842 | | Other noninterest-bearing deposits | | | 67,220 | | | 81,714 | | Total RPG noninterest-bearing deposits | | | 71,505 | | | 84,556 | | Total RPG deposits | | | 429,991 | | | 604,088 | | | | | | | | | | Total deposits | | $ | 5,317,239 | | $ | 5,210,546 | |
(1) | Represents time deposits. |
|