Deposits

12 Months Ended

Dec. 31, 2019

Note 12 – Deposits

A summary of the balances of deposits follows (in thousands):


	December 31,
			2019			2018
Noninterest-bearing demand	$	1,832,665		$	1,760,580
Interest-bearing demand	1,242,274			1,252,366
Savings	1,851,549			1,921,324
Time certificates, $250,000 and over	129,061			132,429
Other time certificates	311,445			299,767
Total deposits	$	5,366,994		$	5,366,466

Certificate of deposit balances of $30,000,000 and $60,000,000 from the State of California were included in time certificates over $250,000 at December 31, 2019 and 2018. The Bank participates in a deposit program offered by the State of California whereby the State may make deposits at the Bank’s request subject to collateral and credit worthiness constraints. The negotiated rates on these State deposits are generally more favorable than other wholesale funding sources available to the Bank. Overdrawn deposit balances of $1,550,000 and $1,469,000 were classified as consumer loans at December 31, 2019 and 2018, respectively.

At December 31, 2019, the scheduled maturities of time deposits were as follows (in thousands):


	Scheduled maturities
2020	$	340,150
2021	57,076
2022	38,552
2023	2,798
2024	1,924
Thereafter	6
Total	$	440,506