Deposits

3 Months Ended

Mar. 31, 2013

Deposits [Abstract]

Deposits

Note 13—Deposits

A summary of the balances of deposits follows (in thousands):

	March 31, 2013		December 31, 2012
Noninterest-bearing demand	$	639,420	$	684,833
Interest-bearing demand		531,695		503,465
Savings		786,352		762,924
Time certificates, $100,000 and over		175,288		180,195
Other time certificates		152,795		158,285
Total deposits	$	2,285,550	$	2,289,702

Certificate of deposit balances of $5,000,000 and $5,000,000 from the State of California were included in time certificates, $100,000 and over, at March 31, 2013 and December 31, 2012, 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 $1,112,000 and $1,408,000 were classified as consumer loans at March 31, 2013 and December 31, 2012, respectively.