Note 13 - Deposits

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


	September 30, 2016		December 31, 2015
Noninterest-bearing demand	$	1,221,503	$	1,155,695
Interest-bearing demand		910,638		853,961
Savings		1,366,892		1,281,540
Time certificates, $250,000 and over		76,047		75,897
Other time certificates		260,932		264,173

Total deposits	$	3,836,012	$	3,631,266

Certificate of deposit balances of $50,000,000 from the State of California were included in time certificates, $250,000 and over, at each of September 30, 2016 and December 31, 2015. 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 $820,000 and $796,000 were classified as consumer loans at September 30, 2016 and December 31, 2015, respectively.