Note 13 – Deposits

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


	March 31, 2018		December 31, 2017
Noninterest-bearing demand	$	1,359,996	$	1,368,218
Interest-bearing demand		1,022,299		971,459
Savings		1,395,481		1,364,518
Time certificates, over $250,000		76,306		73,596
Other time certificates		230,322		231,340

Total deposits	$	4,084,404	$	4,009,131

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 March 31, 2018 and December 31, 2017. 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 $1,085,000 and $1,366,000 were classified as consumer loans at March 31, 2018 and December 31, 2017, respectively.