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Deposits
6 Months Ended
Jun. 30, 2020
Deposits [Abstract]  
Deposits Deposits
A summary of the balances of deposits follows (in thousands):
June 30,
2020
December 31,
2019
Noninterest-bearing demand$2,487,120  $1,832,665  
Interest-bearing demand1,318,951  1,242,274  
Savings2,043,593  1,851,549  
Time certificates, $250,000 or more102,434  129,061  
Other time certificates296,160  311,445  
Total deposits$6,248,258  $5,366,994  
Certificate of deposit balances of $30,000,000 from the State of California were included in time certificates, over $250,000, at June 30, 2020 and December 31, 2019, respectively. The Company participates in a deposit program offered by the State of California whereby the State may make deposits at the Company’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 Company. Overdrawn deposit balances of $847,000 and $1,550,000 were classified as consumer loans at June 30, 2020 and December 31, 2019, respectively.