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 demand	1,346,716		1,242,274
Savings	2,099,780		1,851,549
Time certificates, $250,000 or more	96,377		129,061
Other time certificates	279,896		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.