v3.25.2
DEPOSITS (Tables)
6 Months Ended
Jun. 30, 2025
DEPOSITS  
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.