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Deposits
9 Months Ended
Sep. 30, 2020
Deposits [Abstract]  
Deposits Deposits
A summary of the balances of deposits follows (in thousands):
September 30,
2020
December 31,
2019
Noninterest-bearing demand$2,517,819 $1,832,665 
Interest-bearing demand1,346,716 1,242,274 
Savings2,099,780 1,851,549 
Time certificates, $250,000 or more96,377 129,061 
Other time certificates279,896 311,445 
Total deposits$6,340,588 $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 September 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 $1,139,000 and $1,550,000 were classified as consumer loans at September 30, 2020 and December 31, 2019, respectively.