Deposits

6 Months Ended

Jun. 30, 2021

A summary of the balances of deposits follows:


(in thousands)	June 30, 2021		December 31, 2020
Noninterest-bearing demand	$	2,843,783	$	2,581,517
Interest-bearing demand	1,486,321		1,414,908
Savings	2,337,557		2,164,942
Time certificates, $250,000 or more	59,589		73,147
Other time certificates	264,803		271,420
Total deposits	$	6,992,053	$	6,505,934

Certificate of deposit balances of $10,000,000 from the State of California were included in time certificates, over $250,000, at June 30, 2021 and December 31, 2020, 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 $916,000 and $985,000 were classified as consumer loans at June 30, 2021 and December 31, 2020, respectively.