Deposits

9 Months Ended

Sep. 30, 2019

Note 7 - Deposits

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


	September 30, 2019		December 31, 2018
Noninterest-bearing demand	$	1,777,357	$	1,760,580
Interest-bearing demand	1,222,955		1,252,366
Savings	1,843,873		1,921,324
Time certificates, $250,000 or more	148,449		132,429
Other time certificates	302,773		299,767
Total deposits	$	5,295,407	$	5,366,466

Certificate of deposit balances of $50,000,000 and $60,000,000 from the State of California were included in time certificates, over $250,000, at September 30, 2019 and December 31, 2018, respectively. The Company participates in a deposit program offered by the State of California whereby the State may make deposits at the Company’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 Company. Overdrawn deposit balances of $1,431,000 and $1,469,000 were classified as consumer loans at September 30, 2019 and December 31, 2018, respectively