Deposits

9 Months Ended

Sep. 30, 2022

A summary of the balances of deposits follows:


(in thousands)	September 30, 2022		December 31, 2021
Noninterest-bearing demand	$	3,678,202	$	2,979,882
Interest-bearing demand	1,749,123		1,568,682
Savings	2,924,674		2,520,959
Time certificates, $250,000 or more	46,688		44,652
Other time certificates	257,082		252,984
Total deposits	$	8,655,769	$	7,367,159

Certificate of deposit balances of zero and $1,000,000 from the State of California were included in time certificates, over $250,000, at September 30, 2022 and December 31, 2021, respectively. The Company participated in a deposit program offered by the State of California whereby the State made deposits at the Company’s request subject to collateral and credit worthiness constraints, generally more favorable than other wholesale funding sources available to the Company. Overdrawn deposit balances of $1,803,000 and $2,324,000 were classified as consumer loans at September 30, 2022 and December 31, 2021, respectively.