Deposits

12 Months Ended

Dec. 31, 2020

A summary of the balances of deposits follows:


(in thousands)	December 31,
	2020		2019
Noninterest-bearing demand	$	2,581,517	$	1,832,665
Interest-bearing demand	1,414,908		1,242,274
Savings	2,164,942		1,851,549
Time certificates, $250,000 and over	73,147		129,061
Other time certificates	271,420		311,445
Total deposits	$	6,505,934	$	5,366,994

Certificate of deposit balances of $10,000,000 and $30,000,000 from the State of California were included in time certificates over $250,000 at December 31, 2020 and 2019, respectively. 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 $985,000 and $1,550,000 were classified as consumer loans at December 31, 2020 and 2019, respectively.

At December 31, 2020, the scheduled maturities of time deposits were as follows (in thousands):


	Scheduled Maturities
2021	$	265,906
2022	62,081
2023	9,826
2024	2,470
2025	4,280
Thereafter	4
Total	$	344,567