Note 13 – Deposits

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


	March 31 2015		December 31, 2014
Noninterest-bearing demand	$	1,034,012	$	1,083,900
Interest-bearing demand		795,471		782,385
Savings		1,172,257		1,156,126
Time certificates, $250,000 and over		37,181		38,217
Other time certificates		310,567		319,795

Total deposits	$	3,349,488	$	3,380,423

Certificate of deposit balances of $5,000,000 and $5,000,000 from the State of California were included in time certificates, $250,000 and over, at each of March 31, 2015 and December 31, 2014, 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 $1,096,000 and $1,216,000 were classified as consumer loans at March 31, 2015 and December 31, 2014, respectively.